Metallic Powder Coatings Market Share, Trends, Revenue, Growth Drivers, Challenges, CAGR Status and Future Investment Strategies Till 2033


Metallic Powder Coatings Market Share, Trends, Revenue, Growth Drivers, Challenges, CAGR Status and Future Investment Strategies Till 2033: SPER Market Research

 Category : Chemical & Materials

 Published: Feb-2024
 Author: SPER Analyst

Metallic Powder Coatings Market is projected to be worth 9485.99 million by 2033 and is anticipated to surge at a CAGR of 8.73%.

Metallic powder coating is usually applied on top of a powder coating that includes mica, aluminium, or other pigments. The metallic powder coating finishes are similar to solid tone finishes except that metal flake is used for gloss and sparkle. Powder coating is a dry external finishing layer that is applied to products to improve their appearance and level of protection. The main cycle involves combining, liquefying, cooling, and setting into a homogenous structure polymer saps, flow consistency admixtures, colors, and several other additions. Metallic powder coatings based on polyester offer outstanding flow and durability, making them ideal for outdoor applications requiring a high-quality ornamental finish.

Global Metallic Powder Coatings Market Driving Factors and Challenges
Growing demand for medical devices and increasing car manufacturing are expected to fuel market expansion over the course of the forecast period. Numerous factors, such as the furniture industry's positive outlook, government regulations, the growing emphasis on reducing VOC emissions, the high demand for metallic pigments from the automotive and architectural industries, lower application costs compared to liquid coatings, and potential applications in the shipbuilding and pipeline industries, are expected to fuel the growth of the metallic powder coatings market. The significant, both organized and unstructured wheel aftermarkets are primarily responsible for the market's growth.

The growth and sustainability of the metallic powder coatings industry are impacted by many challenges. Two main challenges in the production of metallic powder coatings are cost and difficulty. Superior metallic powder coatings must be produced using a sophisticated, expensive process that calls for specific equipment and technology. Moreover, the overall cost of production may be impacted by the price and volatility of the raw ingredients used in these coatings, such as metallic pigments.Another challenge is the environmental concerns related to the application and removal of metallic powder coatings.

Impact of COVID-19 on Global Metallic Powder Coatings Market
The COVID-19 pandemic has proven to be the most disruptive factor. Even though certain coating production units have progressively resumed operations, the industry's leading makers of coatings are growing increasingly anxious due to the dropping demand and rising number of positive cases. The outbreak halted the processing of raw materials used to produce coatings and disrupted the entire production and supply chain. Additionally, the coatings industry is driving a large number of skilled and unskilled people back to their hometowns, which is creating a serious labor dilemma for firms.

Global Metallic Powder Coatings Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; PPG Industries (U.S.), Jotun A/S (Norway), The Sherwin-Williams Company (U.S.), Tiger Coatings GmbH & Co. KG (Austria), Axalta Coating Systems, LLC (U.S.), AkzoNobel N.V. (Netherlands).

Global Metallic Powder Coatings Market Segmentation:

By Process Type: Based on the Process Type, Global Metallic Powder Coatings Market is segmented as; Bonding, Blending, Extrusion, Others.

By Pigment Type: Based on the Pigment Type, Global Metallic Powder Coatings Market is segmented as; Aluminum, Mica, Others.

By Resin Type: Based on the Resin Type, Global Metallic Powder Coatings Market is segmented as; Polyester, Hybrid, Epoxy, Polyurethane, Others.

By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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