Powder coating is dry finishing process and several companies are
preferring powder coating owing to its durable finish and high quality. It is
an excellent alternative for conventional liquid paint since it eliminates the
need for a solvent. Electrostatically applied, powder coating creates a hard
finish than traditional paints and mainly used for coating of metals and other
hardware. Powder coating provides corrosion protection, excellent outdoor
durability, and high-temperature performance with a wide range of specialty
effects which is otherwise not easily achievable through other coating methods.
The Powder
coating market is driven by high demand for various equipment, file drawers,
computer cabinets, laptop computers, cell phones, and electronic components.
Texture variation, color & coating thicknesses in paint industries would
play a key role in keeping the market trend upwards. The increasing use of
powder coatings for aluminum extrusion and electrical fixtures will further
boom the market. Government schemes and awareness for eco-friendly and
economical products will stimulate demand over the forecast period.
The Covid-19
(coronavirus) pandemic is impacting society and the overall economy across the
world. The impact of this pandemic is growing day by day as well as affecting
the supply chain. The COVID-19 crisis is creating uncertainty in the stock
market, massive slowing of supply chain, falling business confidence, and
increasing panic among the customer segments. The overall effect of the
pandemic is impacting the production process of several industries including Chemicals and Materials , and many more.
Trade barriers are further restraining the demand- supply outlook. As
government of different regions have already announced total lockdown and
temporarily shutdown of industries, the overall production process being
adversely affected; thus, hinder the overall POWDER COATING globally. This report on ‘POWDER COATING’ provides
the analysis on impact on Covid-19 on various business segments and country
markets. The report also showcase market trends and forecast to 2027, factoring
the impact of Covid -19 Situation.
Market
share of Powder Coating Market is dominated by companies like
- AkzoNobel
- Asian Paints
- Axalta
Coating Systems
- BASF SE
- Jotun
- Kansai Paint
- Nippon Paint
- PPG
Industries
- RPM
International
- The
Sherwin-Williams

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