Report Code: A15524 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Metallic Powder Coatings Market
Request Now !Powder coating refers to a dry exterior finishing layer applied to goods to improve their protective properties and aesthetic appeal. Polymer saps, flow consistency admixtures, colours, and various additional additives are mixed, liquefied, chilled, and then set into a homogeneous structure in the general cycle. Polyester-based metallic powder coatings are ideal for external applications where a good ornamental finish is required, as they have outstanding flow and durability. The metallic powder coatings market is being driven by rising demand for metallic pigments from the architectural and automotive sectors as well as significant organised and unstructured aftermarkets for wheels.
COVID-19 Impact analysis
The emergence of COVID-19 has caused a halt in the production of raw materials used in the manufacture of paints and coatings. Paint and coatings manufacturing centres in Asia include India, China, Japan, Singapore, and
Thailand, as well as significant suppliers of raw materials. The new coronavirus epidemic in APAC has disrupted the availability of these basic materials. For example, China is a significant resin provider, exporting a million tonnes of resin to the worldwide market. The manufacturing of paints and coatings has been slowed due to a shortage of raw ingredients. All private structures and construction sites, government projects, and refinish automobile firms will be severely impacted in April 2020. Due to the market shutdown, retailers are also cancelling large orders of paint and coatings goods that had already been placed. End-use COVID-19 is preventing customers from purchasing costly coating technologies such as polyurea and polyurethanes from distributors and shops. Overall, the stoppage of construction and building activity has affected sales of paints and coatings goods at the distributor level.Â
Top Impacting Factors
Metallic powder coatings are widely used in the architectural sector due to their outstanding weathering characteristics, colour, and gloss preservation. Their corrosion resistance and weather ability make them ideal for applications such as façades, curtain walls, windows, doors, aluminium profiles, sheet metal, cladding, and other external architectural applications. Metallic pigments have become a viable alternative for the automobile sector due to rising customer desire for unique and appealing goods. The market's expansion has been aided by the growing acceptance of aluminium pigments in the automobile industry. Metallic pigments have become a viable alternative for the automobile sector due to rising customer desire for unique and appealing goods. The market's expansion has been aided by the growing acceptance of aluminium pigments in the automobile industry.
Market TrendsÂ
Key Benefits of the Report
Questions Answered in the Metallic Powder Coatings Market Report
Metallic Powder Coatings Market Report Highlights
Aspects | Details |
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By Process Type |
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By Pigment Type |
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By Resin Type |
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By Region |
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Key Market Players | AkzoNobel N.V. (Netherlands), Axalta Coating Systems, LLC (U.S.), The Sherwin-Williams Company (U.S.), PPG Industries (U.S.), Tiger Coatings GmbH & Co. KG (Austria), Jotun A/S (Norway) |
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