The market size for metallic powder coatings is projected to grow from USD 2.3 billion in 2020 to USD 3.3 billion by 2025, at a CAGR of 7.5%. The market trend is attributed to the continued growth of the architectural industry, which is the largest consumer of metallic powder coatings.
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In July 2019, AkzoNobel announced plans to add three new production lines at its Changzhou powder coatings plant in China—the company’s largest facility of its kind in the world. The USD 3.3 million investment will support additional supplies of acrylic powder coatings, metallic powder coatings, and powder primers for the automotive sector, strengthening AkzoNobel’s ability to deliver more locally produced premium products.
In December 2019, Axalta strengthened its position in the global powder market by investing in bonding capabilities for metallic effect powder coatings. The investment will enhance Axalta's new bonding production line in Landshut, Germany, and upgrade bonding equipment and capabilities in Houston, Texas, US and Shanghai, China, to enable customers to purchase best-in-class metallic effect powder coatings more easily from Axalta's locations worldwide.
By End-use Industry:
Sports Goods & Fitness Equipment
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♦ Leading Key Players -
The major market players AkzoNobel N.V. (Netherlands), Axalta Coating Systems, LLC (US), Jotun A/S (Norway), PPG Industries (US), The Sherwin-Williams Company (US), and Tiger Coatings GmbH & Co. KG (Austria). (Total of 26 companies)
Metallic Powder Coatings Market
US EVERY YEAR FOR THEIR
HOME ❯ TOP MARKET REPORTS ❯ METALLIC POWDER COATINGS MARKET
Metallic Powder Coatings Market by Process Type (Bonding, Blending,
Extrusion),Pigment Type (Aluminum, Mica), Resin Type (Polyester,
Hybrid, Epoxy, Polyurethane, Others), End-use Industry, and Region -
Global Forecast to 2025
[249 Pages Report]The market size for metallic powder coatings is projected to grow from USD
2.3 billion in 2020 to USD 3.3 billion by 2025, at a CAGR of 7.5%. The market trend is attributed to
the continued growth of the architectural industry, which is the largest consumer of metallic powder
To know about the assumptions considered for the study, download the pdf brochure
COVID-19 Impact on the Global Metallic Powder Coatings Market
The outbreak of COVID-19 has disrupted the production of raw materials used in paints and coatings
manufacturing. Asian countries such as India, China, Japan, Singapore, and Thailand are the hubs
for paints and coatings manufacturing and are major suppliers of these raw materials. The outbreak
of the novel coronavirus in APAC has affected the supply of these raw materials. For instance, China
is one of the major suppliers of resins and exports a million tons of resins in the global market. The
break in the supplies of raw materials has reduced the production of paints and coatings products.
In April 2020, all private buildings and construction sites, government constructions, and refinish
automotive businesses were hit drastically. Retailors are also canceling already placed bulk orders
of paint and coatings products due to the shutdown of the market. End-use consumers are not
buying expensive coating technologies such as polyurea and polyurethanes from distributors and
retailers due to COVID-19. Overall, the sales of paints and coatings products are hampered at the
distributors’ level due to the suspension of