Pune, India -- (SBWIRE) -- 03/23/2018 -- The Global Powder Coatings Market is categorized into five regions based on geography, namely–North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Among the above mentioned regions, Asia Pacific accounted for around 40% market share in 2016 and is expected to retain its dominance over the forecast period on account of rising investments in architectural & furniture as well as automotive & transportation sector. End use industrial growth in countries such as India, China, Thailand, Vietnam, Malaysia, and South Korea and increased investment for the production of automotive, furniture, electronics, and agricultural equipment are key factors driving the growth of Asia Pacific powder coatings market. Moreover, increase in investments made by major companies in the automotive sector, the shift of manufacturing facilities to developing countries, and robust industrial base, are additional factors contributing to the growth of the Powder Coatings Market in the Asia Pacific region. Furthermore, increasing disposable income coupled with growing population has resulted in an increasing demand for consumer goods including refrigerators, washing machines, and air conditions in countries such as the Philippines, Vietnam, Thailand, China, and India, which is predicted to boost the demand for Powder Coatings.

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Europe Powder Coatings Market is presumed to witness healthy growth over the forecast period on account of stringent government regulations and norms regarding the volatile organic compound emission level. Countries such as Germany and UK are expected to dominate the regional market share due to rising demand for passenger and commercial vehicles. Moreover, presence of key automobile manufacturers coupled with high adoption rate of Powder Coatings in automobile sector is estimated to fuel the growth of the market. The Middle Eastern and African countries such as the United Arab Emirates, Oman, and Qatar are estimated to witness above average growth on account of high economic growth rate and increasing consumer spending over household appliances.
North America Powder Coatings Market is classified into the U.S, Canada, and Mexico. The U.S. and Mexico are predicted to be the leading consumer markets on account of increasing demand from end use industries such as automobile and application sector. Latin American countries such as Brazil and Argentina are among the major contributors in the regional powder coatings market and are expected to witness moderate growth over the foreseeable future. Factors driving the regional market growth are economic developments, technological advancement, increasing consumer disposable income, and high adoption rate.

Segmentation
The Global Powder Coatings Market is classified on the basis of resin type, application, substrate, and region. Based on resin type, the market is segmented into thermoplastic and thermoset. Thermoplastic segment is subdivided into nylon, polyolefin, polyvinyl fluoride (PVF), and polyvinyl chloride (PVC). Thermoset segment comprises of polyester, epoxy, acrylic, polyurethane, epoxy polyester hybrid, and others. Based on application, powder coatings market is segmented into automotive & transportation, architectural & furniture, appliances, consumer goods, and others. Based on substrate, the market is divided into metal and non-metal.

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Key Players
PPG Industries, Inc (U.S.)
The Valspar Corporation (U.S.)
Akzo Nobel N.V. (the Netherlands)
Asian Paints Limited (India)
KANSAI PAINT CO.,LTD (India)
Royal DSM (the Netherlands)
Arkema (France)
Evonik Industries (Germany)
TCI Powder (U.S.)
The Sherwin-Williams Company (U.S.)