Powder Coatings Market Segmentation:
Application Segment Analysis
The appliances segment in the powder coatings market is estimated to gain a robust revenue share of 25% in the coming years. For instance, powder coatings make up more than 70% of the industrial coatings used in the appliance industry. Moreover, powder coating is a protective coating that can be used to increase the tensile strength of a variety of consumer goods, and is well-known as a high-quality finish for both significant and minor applications in the home appliance market. Besides this, the availability of new colors and finishes in powder coatings for appliances allows increased creative versatility.
Resin Segment Analysis
The epoxy segment is set to garner a notable share of 30% shortly on the account of the versatility of the epoxy resin. Epoxy resin is an adaptable compound that may be utilized for a wide range of tasks. It is robust and long-lasting, making it an excellent choice for a variety of applications. The epoxy allows for the application of a thin, homogeneous coating directly onto the metal, even in very small crevices and cavities, resulting in a consistent texture. Additionally, epoxy resins' function is to give excellent adherence to metal and resistance to corrosive chemicals. Epoxies are more resistant to heat and chemicals than most glues and can bond to wood, metal, glass, stone, and some plastics.
Our in-depth analysis of the global market includes the following segments:
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