Thermoset Powder Coating industry trends, Share and Consumption Analysis Report 2022 by Million Insights

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Global Thermoset Powder Coating Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Thermoset powder coating is a coating that provides a surface layer that is both decorative and durable. Thermosets are solid resins, when heated melt, flow and crosslink with themselves or other reactive substance to form compounds with higher molecular weight. The silicone groups, epoxy, acrylic, hydroxyl or carboxyl are the most commonly used thermoset powder coating resins.


The factors that are playing a major role in the growth of Thermoset Powder Coating Market are excellent dimensional stability, more resistant against high temperature, cost-efficient, these are hard and rigid, high mechanical property, and thin to thick wall capability. On the other hand, factors that are restraining overall market growth are these cannot be remolded or reshaped, cannot be recycled, and are difficult to surface finish.
Thermoset Powder Coating Market is segmented based on types, product types, types of resins, applications, and region. Types such as Bonded & Non-Bonded Powders, Epoxy Powders, Epoxy Polyester Hybrids, Polyester Powders, and Polyester TGIC Powders classify Thermoset Powder Coating Industry. Product types such as Functional Powder Coating, General Powder Coating, and others classify Thermoset Powder Coating Market.
Types of resins such as Fluoropolymer, Epoxy, Polyester, and Acrylic classify Thermoset Powder Coating Market. Applications into Appliance & Housewares, Indoor Application, Automotive Industry, Outdoor/Architectural Application, and others classify market. Thermoset Powder Coating Market is segmented geographically into Americas (North America, Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.
Globally, North America accounts for the largest market share of the industry and is estimated to lead the overall market in the upcoming years. Europe and Asia Pacific follow suit. On the other hand, Asia Pacific is estimated to grow at fastest pace in the upcoming years. Japan is the major consumer of Thermoset Powder Coating Market in this region.
The key players of Thermoset Powder Coating Market are Cardinal Paint, PPG Industries, Hentzen Coatings, Akzonobel, Erie Powder Coatings, Sherwin-Williams, Midwest Industrial Coatings (MICI), Axalta, Vogel Paint, Valspar Corporation, Trimite Powders, RPM International, Nortek Powder Coating, American Powder Coatings, Masco, TIGER Drylac, and 3M. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
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