Global Powder Paint Market is expected to grow at a significant CAGR in the upcoming years as the scope, product types and its applications are increasing across the globe. Powder Paint has different landscapes. The powder paint is sometimes smeared on the bodies and faces of beautiful models, fashion photo shoots, and in the other times.
Powder paint serves as an excellent coating. Furthermore, due to new reliable and high-performance extrusion, innovative, and cooling system, powder paint manufacturers are expected to witness an exponential CAGR in the years to come. Powder Paint Market is categorized based on end user and geography. Powder Paint Market is categorized based on end user into Commercial, general use, and industrial.
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Powder Paint Industry is categorized based on geography into Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC countries, S. Africa, Rest Of MEA), North America (U.S., Canada), Latin America (Brazil, Rest of Latin America), Western Europe (Germany, Italy, France, England, Spain, Rest of Western Europe), and Eastern Europe (Poland, Russia, Rest of Eastern Europe)
Some of the key players that fuel the growth of the Powder Paint Market include PPG Industries, Vogel Paint, AkzoNobel, Axalta(Dupont), Trimite Powders, Midwest Industrial Coatings (MICI), Erie Powder Coatings, Hentzen Coatings, Cardinal Paint, Valspar Corporation, RPM International, Nortek Powder Coating, American Powder Coatings, 3M, Sherwin-Williams, IFS Coatings, TIGER Drylac, Masco.
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The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour. North America has been at the forefront with regards to Powder Paint Market and will continue to rule the roost in the years to come. Europe and Asia Pacific will follow the suit. Asia Pacific’s powder paint industry is growing at the fastest CAGR.
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