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Powder In-mold Coatings Market: Introduction

  • In-mold coating (IMC) is a well-established, cost-effective, and eco-friendly technology, which offers an integrated method of surface refinement
  • In-mold coatings available in the marketplace are of three types: water based, solvent based, and powder based. Among these, powder-based in-mold coatings are significantly used in various applications.
  • Powder in-mold coating (PiMC) is a one-step process, in which a charged powder coating based on unsaturated polyester (UP) resins is applied to the heated tool to form a chemical compound with the inserted sheet-molding compound (SMC) / bulk-molding compound (BMC)
  • Powder in-mold coatings feature unique characteristics such as protection from UV radiation, resistance to scratch, and resistance to chemicals. They are considered a perfect choice for use in outdoor applications.

Key Drivers of Global Powder In-mold Coatings Market

  • Increasing demand for cement for use in various construction activities has driven the demand for powder in-mold coatings market in various building applications. There has been significant growth in constructional activities across the globe.
  • According to the Bureau of Labor Statistics, in January 2020, the construction industry was the most rapidly expanding industry in the Netherlands. With growth of the construction industry in the Netherlands, the demand for powder in-mold coatings in the country is also expected to increase in the near future.

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High Costs of Raw Materials to Restrain Powder In-mold Coatings Market

  • The cost of raw materials used in the manufacture of powder in-mold coatings is relatively high. This factor is expected to restrain the global market in the near future.

Global Powder In-mold Coatings Market, by Application

  • Based on application, the global powder in-mold coatings market can be segmented into electronics & appliances, automotive, truck, rail, sanitary products, building & construction, medical, and others
  • The automotive segment is projected to account for a major share of the global powder in-mold coatings market by 2027. The building & construction segment of the global market is estimated to expand at a moderate rate during the forecast period. It is expected to account for 18.0% share of the global market by 2027.
  • Expanding at a significant rate, the electronics & appliances segment is expected to offer significant opportunities to the global powder in-mold coatings market during the forecast period. Demand for other industrial applications is expected to remain moderate to high across different regions. 
  • On the other hand, the sanitary products segment is estimated to register a moderate growth rate throughout the forecast period

Asia Pacific to be a Key Market for Powder In-mold Coatings

  • In terms of region, the global powder in-mold coatings market can be divided into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • The Asia Pacific market is expected to witness continuous growth in the near future, followed by Europe. Driven by growth of various end-user sectors, the powder in-mold coatings market in Asia Pacific is expected to register a sustainable growth rate in the next few years.
  • Powder in-mold coatings have been witnessing considerable demand in countries such as China and India over the last few years. This is attributable to rising capital investments in construction activities and setting up of large-scale infrastructure projects in these countries. Moreover, high investments in the industrial sector, particularly in the Asia Pacific region, are expected to drive the demand for powder in-mold coatings between 2019 and 2027.
  • The market in North America and Middle East & Africa is expected to witness stagnant growth during the forecast period

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Key Manufacturers Operating in Global Market

The global powder in-mold coatings market was highly fragmented in 2018. Key manufacturers operating in the global market are:

  • Stahl Holdings B.V.
  • Fujichem Sonneborn Limited (Fujikura Kasei Global Network)
  • AkzoNobel N.V.
  • Berlac Group
  • The Sherwin-Williams Company
  • KECK Chimie
  • Protech Powder Coatings Inc.
  • Emil Frei GmbH & Co. KG (FreiLacke)
  • Chromaflo Technologies 

Global Powder In-mold Coatings Market: Research Scope 

Global Powder In-mold Coatings Market, by Resin Technology

  • Polyurethane
  • Others 

Global Powder In-mold Coatings Market, by Formulation

  • One Component (1K)
  • Two Component (2K) 

Global Powder In-mold Coatings Market, by Application

  • Electronics & Appliances
  • Automotive
    • Exterior
    • Others
  • Truck
  • Rail
  • Sanitary Products
  • Building & Construction
  • Medical
  • Others 

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold 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.

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
  • Europe
  • 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.

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Powder In Mold Coatings Market

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