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as part of the final report, an analysis will be included to examine the effects of the russia-ukraine war and covid-19 on the powder coatings industry.
Powder Coatings
New Industry Report on powder coatings Market Status and Prospects [2023-2029] has been released. The report is 95 pages long and provides an overview of the business with key types and applications along with the industrial chain structure. It includes information about the global market, such as development trends, competitive landscape analysis, key regions, and their development status. The report also examines advanced approaches and plans, as well as manufacturing processes and cost structures. It analyzes import/export utilities, market figures, cost, price, revenue, and gross productivity of the Powder Coatings Market.
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Key Drivers Rise in demand in the automotive industry is projected to augment market growth during the forecast period Environment-friendly characteristics of powder coatings is anticipated to increase adoption in future Increase in demand in applications such as metal furniture, construction, agriculture, and other industries is projected to accelerate market expansion in the near future
Key Findings of Study Government-imposed Stringent Environmental Regulations on Harmful Coatings: Various rules and regulations have been imposed on handling, storage, and transportation of multiple specimen chemicals and their effluents, emissions, and other pollutants. This has led to high demand for less harmful alternatives such as powder coatings. An added advantage of powder coatings is that these do not require any specific handling, storage, or transportation methods. Thus, the imposition of stringent environment regulations on harmful coatings is projected to propel powder coatings market expansion in the near future.
Increase in Demand in Automotive Industry: Powder coatings offer irresistible value proposition for consumers, and are thus gaining popularity in the automotive sector. Powder coating is used for automobile parts such as door handles, roof racks, and the interior & exterior trims to protect from rain and heat. Furthermore, low operational cost and corrosion & abrasion resistance are anticipated to increase popularity of powder coatings in the next few years. These factors are projected to create growth opportunities for the global powder coatings market during the forecast period.
Major Companies Profiled in Powder Coatings Market Report: AkzoNobel N.V., PPG Industries, Sherwin Williams, BASF SE, Axalta Coating Systems, Kansai Nerolac Paints Limited, Jotun, IFS Coatings, The Valspar Corporation.
Segment Insights: Powder Coatings Market by Type, 2023-2029, (USD Million, Kilotons)
Powder Coatings Market by Coating Method, 2023-2029, (USD Million, Kilotons)
Electrostatic Spray Fluidized Bed Others
Powder Coatings Market by End Use, 2023-2029, (USD Million, Kilotons)
Appliances General Industrial Automotive Architectural Furniture Others
Regions Are covered by Powder Coatings Market Report 2023-2029 North America (the United States, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, and Colombia) The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
Highlight the Following Key Factors: ► Business Description: a particular description of agency operations and enterprise departments.
► Company Strategy: The analyst's precis of the company's commercial enterprise strategy.
► SWOT Analysis: Detailed evaluation of the company's strengths, weaknesses, opportunities, and threats.
► Company History : The development of predominant occasions associated to the company.
► Main merchandise and services: A listing of the company's fundamental products, services, and brands.
► Main Competitors: A listing of the company's fundamental competitors.
► Important places and subsidiaries: The company's major places and subsidiaries' listing and contact information.
► Detailed economic ratios of the previous 5 years : The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.
Need a report that reflects how COVID-19 has impacted this market and its growth ** download pdf now **
COVID-19 Impact Analysis The pandemic of COVID-19 has also reduced the availability of and demand for non-COVID-19-related medical treatment. A wide range of treatments, including emergency care for acute diseases, routine check-ups, and recommended cancer screenings, are being postponed or avoided by patients. Undiagnosed illnesses and a failure to intervene early will have serious long-term health consequences. COVID-19 has accelerated a variety of existing and emerging healthcare trends, including changing consumer attitudes and habits, the convergence of life science and health care, rapid advances in digital health technologies, and new talent and care delivery models, to name a few.
Russia-Ukraine War Impact Analysis: Global industries were impacted by the Russia-Ukraine War, which started in February 2022. There have been widespread announcements of strict travel restrictions over Ukrainian airspace. The market in 2022 has been damaged by the Russia-Ukraine War.
The conflict between Russia and Ukraine raises defense spending and fortifies NATO nations' armed forces. Due to Russia's invasion, the majority of European nations have raised their defense budget. Germany earmarked USD 109 billion, which is more than the whole cost of the military in 2021, increasing its defense spending above 2% of GDP.
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To gain a better understanding of market conditions, a Five Forces analysis is conducted, which includes an assessment of the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
Additionally, a PESTLE analysis is performed to evaluate the external factors that may impact the market: – Political factors : This includes political policies and stability, as well as trade, fiscal, and taxation policies.
– Economic factors : Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates are all considered under this category.
– Social factors : Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles are taken into account when analyzing the social factors that may affect the Powder Coatings market.
– Technological factors : Changes in digital or mobile technology, automation, research, and development are evaluated to determine the potential impact on the market.
– Legal factors : Employment legislation, consumer law, health and safety regulations, and international trade restrictions are among the legal factors that may affect the Powder Coatings market.
– Environmental factors : Climate, recycling procedures, carbon footprint, waste disposal, and sustainability are all taken into consideration when assessing the potential impact of environmental factors on the market.
Some Questions Answered in the Powder Coatings Market Report: What is the projected size of the Powder Coatings market during 2023-2029, and what growth rate is expected? What are the primary drivers of growth in the Powder Coatings industry? What are the major market trends that are affecting the expansion of the Powder Coatings market? What obstacles must be overcome in order to achieve sustained growth in the Powder Coatings market? What opportunities and threats do vendors in the Powder Coatings market face? What are the raw materials and manufacturing equipment used in the production of Powder Coatings, and what is the manufacturing process? What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the Powder Coatings market?
Finally, the researchers shed information on global Intelligent Powder Coatings market analysis. It also assesses the long-term patterns and platforms that support market expansion. The research report also assesses the level of competitiveness. The market has been thoroughly examined using SWOT analysis and Porter's five scanning. It also aids in the management of company risks and obstacles. It also includes considerable research on sales techniques
Custom services available for reporting: – 20% free customization.
– You can add 5 countries according to your choice.
– You can add 5 companies as you like.
– Up to 40 hours of free customization.
– One-year post-delivery support from the date of delivery.
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