Global Metallic Powder Coatings Market: Snapshot
Major companies in the global metallic powder coatings market are estimated to witness prominent sales opportunities from automotive and architectural industries during the forecast period 2021-2031.
An upcoming research report by TMR delivers complete study of all facets influencing the growth curve of the global metallic powder coatings market. As a result, readers gain comprehensive analysis of prime elements such as trends, challenges, drivers, restraints, and growth avenues in the market. In addition, this assessment document gives reliable information on ongoing R & D activities and technological advancements in the market for metallic powder coatings.
The study analysts have presented all the information and analysis of the global metallic powder coatings market in the form of several crucial parameters including process type, pigment type, resin type, end-use industry, and region. On the basis of process type, the market is divided into blending, extrusion, and bonding/bonded.
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Key Drivers of Metallic Powder Coatings Market Growth
Automotive, architectural, furniture, appliances, lighting, and sports goods & fitness equipment are some of the important end-use industries of metallic powder coatings. Of them, the product is increasingly used the architectural industry owing to its weathering properties together with exceptional gloss and color retention.
Owing to the several properties such as excellent weatherability and corrosion resistance of metallic powder coatings, there is notable surge in the adoption of this product for varied exterior architectural applications including curtain wall, façade, doors, and aluminum profiles, windows, cladding, and sheet metal.
With surge in demand for attractive and specialty products in the automotive industry, several automakers across the globe are growing the demand for metallic pigments. This factor is foreseen to work as one of the leading drivers of the metallic powder coatings market.
Surge in awareness pertaining to the use of products with reduced carbon footprints is likely to push the sales of metallic pigments in environmental-friendly paints and coatings products. As a result, there is significant growth in the utilization of metallic pigments in powder coatings.
What Key Tactics are Utilized by Players in Global Metallic Powder Coatings Market to Stay Ahead in Competition
The global metallic powder coatings market is fairly fragmented in nature. Presence of many players highlights that the competitive landscape of the market for metallic powder coatings is intense. Companies working in this market are using diverse strategies such as mergers, acquisitions, partnerships, regional expansion, and collaborations.
Recent Developments in Metallic Powder Coatings Market
- In June 2021, AkzoNobel announced its expansion plans in Central and South America. The firm stated that it has entered into acquisition agreement with Grupo Orbis, which is Colombia-based paints and Coatings Company.
The list of key players in the global metallic powder coatings market includes:
- Axalta Coating Systems, LLC
- AkzoNobel N.V.
- PPG Industries
- Jotun A/S
- Tiger Coatings GmbH & Co. KG
- The Sherwin-Williams Company
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APAC Demand Outlook for Metallic Powder Coatings
Based on region, the global metallic powder coatings market shows existence in several regions such as Europe, APAC, South America, Middle East & Africa, and North America. Of all regions, APAC is likely to emerge as one of the fastest growing regions for the players operating in the market for metallic powder coatings.
The APAC metallic powder coatings market is anticipated to expand on the back of surge in construction activities across many emerging economies such as China, Indonesia, Malaysia, the Philippines, and India.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.