The global Energy Efficient Powder Coatings Market share report provides numbers for applications and regional segments of the industry covering historical as well as forecast data for decision makers.
GlobalEnergy Efficient Powder Coatings Market Energy Efficient Powder Coatings Market size will witness a steady growth owing to its increased application in automobile, transportation, electrical and furniture industry. It lowers the baking temperature of oven, thereby reducing the energy consumption. Less energy utilization for finishing on heat sensitive substrates are expected to propel energy efficient powder coatings market.
Growing furniture industry has propelled energy efficient powder coatings market. These are mostly used when component range is quite heterogeneous. If component range varies, there is a risk of discolouration due to high peak temperature. This risk can be reduced with their use as it reduces peak temperature.
Reasons to Buy This Report:
1. Energy Efficient Powder Coatings Market size & share forecast by product & application 2017-2024
2. Growth drivers, pitfalls & industry challenges
3. Key Energy Efficient Powder Coatings Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
The differentiating factor of Energy Efficient Powder Coatings Market report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook.
The product increases the line speed, thus decreasing the throughput time. Further, it is used in for metallic substrates, timber derivatives and plastic components that cannot be exposed to high temperature that in turn is anticipated to propel energy efficient powder coatings market during forecast period.
Energy efficient powder coatings are low temperature or low cure coatings. These do not require solvent for application that resolves the problem of sagging. They are used in automobile wheels, aerospace, garden equipment, furniture and job painting industry for timber derivatives and facades. Additionally, it provides resistance from corrosion, chemical, impact and UV rays.
Restriction for energy efficient powder coatings market is short shelf life, limited gloss range, levelling characteristics and storage conditions. It requires climate controlled storage condition that increases the overall cost. Sometimes there is risk of operation with empty hangers as with changes in colour and type of powder coating, changes in oven settings is required that are not cost effective.
The curing temperature is very specific and if curing temperature is lower than requirement, it may lead to unsatisfactory film and hence rejection. After rejection, it needs to be processed again that increases the overall cost and time.
Asia Pacific, led by China and India has substantial share in energy efficient powder coatings market. It is expected to show considerable growth due to increasing demand for electronics, automobiles and agriculture equipment.
North America energy efficient powder coatings market has a significant share with growing heavy machinery and manufacturing industry. Europe has shown growth in powder coating with prevalent construction industry
Energy efficient powder coatingse market is consolidated with the presence of few big companies holding a large industry share. Major players are AkzoNobel, Jotun, BASF, IGP, PPG Industries, TCI, Kansai Paints, Axalta, Asian Paints, Berger Paints. Companies are heavily investing in research & development activities, mergers, acquisitions and new product launch to increase their share in industry. for instance, AkzoNobel is planning to increase its industry share by separating its two business focussed on speciality chemicals and paints. This would help in reducing their uncertainties & risks and become more focussed.
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