MANDATORY ENVIRONMENTAL REGULATIONS TO LIMIT VOCS TO BOOST THE GROWTH OF GLOBAL POWDER COATINGS MARKET

Solution providers in the powder coatings market are coming out new curing processes to improve the properties of their formulations, and hence bring cost saving and performance gains for end-use industries. Several players in the powder coatings market are reaping lucrative gains by their focus on improving the environmental attractiveness of solventless systems. To this end, they have been actively working toward unveiling an array of biodegradable powder coating compositions for various substrate applications.

Prominent players in the powder coatings market are Kansai Paint Co., Ltd, Axalta Coating Systems, Akzo Nobel N.V., The Sherwin-Williams Company, PPG Industries, and BASF SE.

The global powder coatings market stood at US$9.09 bn in 2017 and is projected to rise at a CAGR of 6.6% from 2018 to 2026.

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Environmental Friendliness of Solventless Coatings Systems Propel Demand

The powder coatings market evolved rapidly on the back of the growing popularity of solventless coatings systems especially for metal substrates for achieving wear-resistant coatings. In contrast to fluid-based coating methods, these are environmentally friendly since they release negligible amounts of VOC, less hazardous chemicals, and enable a uniform coating throughout the surface, regardless of the area of the application.

Sizable demands for powder coatings in the automotive and electronics industries year-over-year have fueled the growth of powder coatings market. The end-use industries have witnessed widespread uptake of powder coatings, especially those made with epoxy-polyester hybrids. These meet the requirement of good aesthetic appeal—gloss and wide gamut of colors—and functional properties in household appliances.

Chemical Companies Focus on Improving Weathering Characteristics

Among the two types of powder coatings, thermostat has emerged as the leader, with major share in the global powder coating market in 2017. A large part of the demands have been attributed to the popularity of epoxy-based powder coatings. Outstanding adhesion and wide range of curing schedules drive the popularity of powder coatings. Overall, the higher durability and resistance to UV light has spur the demands for thermostat segment, propelled by the rising applications in coating appliances. Focus of chemical companies to improve the weathering properties and external durability especially of hybrid powders is boosting the market.

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The construction industry has been a consistent source of revenue streams for manufacturers of powder coatings. There has been copious demands for powder coatings as protection mechanism for metal furniture. Another marked impetus to the expanding industrial demands in the powder coatings market comes from their application in coating agriculture equipment. Strides made in agricultural product will indirectly bolster the potential demand in the powder coating market.

Advances in polymer chemistry is a key factor unlocking new potential in the powder coatings market. Further, advances in new metal pretreatment processed are becoming key enablers for new demand potential in the market.

The study presented here is based on a report by Transparency Market Research (TMR) titled “Powder Coatings Market (Type - Thermoset (Epoxy, Polyester, Epoxy Polyester Hybrid, Acrylic), Thermoplastics (Polyvinyl Chloride, Nylon, Polyolefin, Polyvinylidene Fluoride); Coating Method - Electrostatic Spray, Fluidized Bed; Application - General Metals, Metal furniture, Agriculture, Construction and Earthmoving Equipment, Automotive, Architectural, Appliances) - Global Industry Analysis, Value, Share, Growth, Trends, and Forecast, 2018 – 2026.”

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Tunnel Boring Machine Market: Applications, Revenue, Growth and Trends

Tunnel boring machines are gigantic special-purpose machines, particularly used in building tunnels for roads, railways, and pipelines. These machines are long with circular cross-sections and help in boring round holes through any rock. Tunnel boring machines are intricate assemblies of several systems working in conjunction with each other. Diameter of tunnel boring machines ranges from 1 meter to 20 meters. These machines can cut clean through rocks, sometimes along with creating concrete shields around the bored tunnels. The tunnel boring machine market is largely driven by the increase in spending on road and railway infrastructure. Countries such as China, Japan, Italy, South Korea, Norway, and Germany have vast tunnel networks. The key reason is to connect major cities within the country, sometimes even international, with minimum commute time. This largely optimizes the transportation costs and connects cities to boost commerce. The other method for building tunnels is...

GLOBAL WOOD COATINGS MARKET TO TOUCH VALUATION OF US$17.595 BN BY 2025 END

The global wood coatings market features a highly competitive landscape owing to the presence of a plethora of companies competing against one another, notes Transparency Market Research (TMR). Top players in the wood coatings market increasingly resort to forward integration strategies to gain substantial competitive benefits, which may help them to retain their stronghold over the assessment period. Several players are also focusing on product differentiations to attract more consumers and consolidate their positions in various regions. This is especially the trend among small- and medium-scale manufacturers who find this a key strategy to gain a foothold in the wood coatings market. TMR finds that the wood coatings market is also fairly consolidated as the top four players held a combined share of nearly 60.0% in 2016. These companies are RPM International Inc., Akzo Novel N.V., PPG Industries Inc., and The Sherwin Williams Company. Of these, The Sherwin Willia...

ANTHOCYANIN CONSUMPTION LEVELS TO TAKE OFF IN DEVELOPING REGIONAL MARKET

TMR projects the global anthocyanin market to reach US$ 735.9 Mn by 2026. Over this period of 2018-2026, the anthocyanin market is forecast to report a CAGR of 4.6%. Among the key end use segments, the food and beverages industry is likely to lead the market in 2018. The trend is likely to remain unchanged throughout the course of the forecast period. Regionally, the North America anthocyanin market held the leading share in the global market in 2018. The global anthocyanin market exhibits the presence of several large companies. Besides this, domestic players enjoy a stronghold in regional pockets, which has rendered the market highly competitive. According to a new study by Transparency Market Research (TMR), Archer Daniels Midlands Co., Sensient Technologies Corp, Symrise A.G., and CHR Hansen A/S held nearly 50% of the global anthocyanin market in 2018, thereby registering their dominance. To sustain growth amidst the prevailing competition, the leading players...

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