The metallic powder coatings market is estimated to gain stable growth across the assessment period of 2020-2030 on the back of the rising demand for the coatings in a wide number of applications. The excellent properties of metallic powder coatings make them a hit among many end-users. All these aspects bode well for the growth of the metallic powder coatings market.
A metallic powder coating is a broad term used for describing powder coatings that have mica pigment, aluminum pigments, and others. The properties of metallic powder coatings such as excellent color retention, gloss retention, and weathering properties make them one of the best materials for use in applications across the furniture industry, architectural work, sports goods industry, automotive industry, lighting industry, fitness equipment, and others.
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On the basis of resin type, the metallic powder coatings market can be classified into polyurethane, polyester, epoxy, hybrid, and others. Based on pigment type, the metallic powder coatings market is segmented into mica, aluminum, and others.
Advancements in Material Research and Novel Compositions to Boost the Growth Prospects of the Metallic Powder Coatings Market
Research and development activities are focused upon greatly by the players in the metallic powder coatings market. The players invest in these activities for finding new formulations and materials that make the coatings more efficient. These aspects ultimately bring good revenues for the players in the metallic powder coatings market.
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Asia Pacific to Reign Supreme across the Metallic Powder Coatings Market
The metallic powder coatings market in Asia Pacific will gain a dominant position in terms of regional growth between 2020 and 2030. Rapid industrialization across densely populated countries like China and India may bring extensive growth for the metallic powder coatings market in Asia Pacific. North America and Europe may contribute moderately to the growth of the metallic powder coatings market.