Consumerism To Be One Of The Primary Factors For Rise In Non-Liquid Coatings Market

(MENAFN- Straits Research) Increasing automation, rising automotive and construction sector are expected to grow the non-liquid coatings market during the forecast period. Availability of automotive parts due to increase in presence of automobile manufacturers in emerging economies is expected to further grow the market and will aid in coating companies to extend their product line. Owing to the ability to provide chemical, thermal and electrical resistance and in improving metallic colour is expected to play an important factor in increasing product penetration of non-liquid coatings.
Regional insights
Geographically, the global non-liquid coatings market is segmented into four regions: North America, Europe, Asia Pacific, and Latin America and the Middle East & Africa (LAMEA).
Asia Pacific region is expected to witness exceptional growth in this market owing to presence of several emerging economies such as India, Singapore, Malaysia amongst others. there has been rapid industrialization and urbanization in several economies in that region owing to rise in population and due to globalization and ease of business. These factors have resulted in increase in consumer spending on buying of consumer durables and automotives which are end-users of non-liquid coatings to protect themselves from corrosion and color erosion.
North America and Europe too are expected to witness significant growth in this market owing to presence of several economically developed nations and access to superior technology. Additionally, these regions are amongst the largest exporters of several products such as automobile, consumer appliances amongst others which use non-liquid coatings. LAMEA too is expected to witness healthy growth in non-liquid coatings market.
Segmental insights
Global non-liquid coatings market is segmented by resin type, coating method and end-use industry.
On the basis of resin type, it is segmented into thermoset and thermoplastic. Thermoset segment is further divided into polyester, epoxy polyester hybrid, epoxy, acrylic, polyurethane, fluoropolymer. Thermoplastic segment is sub-segmented into nylon, polyolefin, polyvinyl chloride (PVC), polyvinyl fluoride (PVF). Based on coating method, the market is segmented in electrostatic spray and fluidized bed. Electrostatic spray consists of a conveyor belt and an oven. In fluidized bed segment non-liquid coating is applied by placing powder on a fluidic bed. On the basis of substrate, it is segmented into metallic and non-metallic. Based on end-user, it is classified into appliances, automotive, general industrial, architectural, furniture. Automotive segment is expected to witness exceptional growth.
By Resin Type:

Thermoset

Polyester
Epoxy polyester hybrid
Epoxy
Acrylic
Polyurethane
Fluoropolymer


Thermoplastic

Nylon
Polyolefin
Polyvinyl chloride (PVC)
Polyvinyl fluoride (PVF)



Coating Method

Electrostatic Spray
Fluidized Bed

By substrate:

Metallic
Non-metallic

By End-Use Industry:

Appliances
Automotive
General Industrial
Architectural
Furniture

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