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Global Pure Epoxy Power Coatings Market InsightJanuary 19, 2022 Comments
The Pure Epoxy Power Coatings is forecast to smooth over the next four years. According to the WK-chem Research “Global Pure Epoxy Power Coatings Professional Survey Report 2022, Forecast to 2027”, with the increasing demand of the car parts industry，the Pure Epoxy Power Coatings industry is developing at an incredible speed. According to the WK-chem regression analysis model, the compound annual growth rate (CAGR) for the period 2022-2027 is expected to be 3.70%.
“The use of Pure Epoxy Power Coatings technology in the manufacture and use of car parts is expected to provide various opportunities for market growth, Senior analyst, Chemical & Material Market Research Center in WK-chem.”It is expected that during the forecast period, the car manufacturer industry will dominate the global Pure Epoxy Power Coatings market.”
Epoxy powder coating applications improve the life and aesthetics of body metal. The unique combination of thermal, chemical, physical and mechanical properties make epoxy powder coatings ideal functional coatings for the protection of automotive component substrates. This in turn drives the growth of the market. However, epoxy powder coating is not recommended in open air conditions. Exposure to UV radiation can cause chalking and limit functionality. Also, it affects the aesthetics of the coating. These factors are restraining market growth.
This WK-chem market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Pure Epoxy Power Coatings companys that include Jotun A/S、Solvay SA、Evonik Industries AG、PPG Industries Inc.. Diamond-Vogel、 Chugoku Marine Paints .etc.
Segmentation of Pure Epoxy Power Coatings Market:
On the basis of pure epoxy powder coating type, the market is segmented into textured finish, leatherette/river finish, smooth finish, others. The segment of the pure epoxy powder coatings market is expected to hold the largest market share during the forecast period. Increased demand for high-quality industrial valves in industries such as materials and chemicals. In addition, the demand for pure epoxy powder coatings is currently increasing in order to reduce the risk of contamination. Growing attention to the market and industry is expected to drive the pure epoxy powder coatings market in the materials and chemicals segment. On the basis of pure epoxy powder coating application, the market is segmented into industrial plumbing, medical and sports equipment, auto parts, household appliances, furniture, marine, and others. Pure epoxy powder coating application valve is one of the most basic and indispensable components in today’s modern scientific and technological society. This segment is expected to hold the largest market share in the global pure epoxy powder coatings market.
Pure Epoxy Power Coatings Market: Regional Analysis
In terms of geography, the global Pure Epoxy Power Coatings market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.Asia Pacific dominates the pure epoxy powder coatings market in terms of consumption in 2021. This can be attributed to the increasing infrastructure activity in the region. As income levels rise, so does demand in the region. Many foreign companies are investing in emerging Asian countries, which is helping to meet the demand for epoxy powder coatings. China is witnessing substantial growth, and epoxy powder coatings are widely adopted in the automotive industry due to their excellent corrosion resistance and temperature resistance, thereby driving the market growth. Due to China’s huge automobile manufacturing base, the demand for pure epoxy powder coatings has risen, which will dominate the market in the Asia-Pacific region.
Largest share area：Asia-Pacific
Largest share country：China
Product Type：A，Powder B，Particles
Application：A，Industrial pipes B，Medical and sport Equipment C，Car accessories D，Decorative home applianceLeading Company：Jotun A/S、Solvay SA、Evonik Industries AG、PPG Industries Inc.， Diamond-Vogel