Global Non-Liquid Coating Market Size To Worth USD 18.85 Billion By 2033 | CAGR Of 9.45%
Category: Chemicals & MaterialsGlobal Non-Liquid Coating Market Size To Worth USD 18.85 Billion By 2033 | CAGR Of 9.45%
According to a research report published by Spherical Insights & Consulting, the Global Non-Liquid Coating Market Size is Expected to Grow from USD 7.64 Billion in 2023 to USD 18.85 Billion by 2033, at a CAGR of 9.45% during the forecast period 2023-2033.
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Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the "Global Non-Liquid Coating Market Size, Share, and COVID-19 Impact Analysis, By Type (Powder Coating, Film Coating, and Others), By Application (Automotive, Aerospace, Construction, Electronics, Industrial, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/non-liquid-coating-market
The non-liquid coating market is the market sector devoted to coatings applied in non-liquid forms. Surfaces are coated with these substances, which can be solids, films, or powders, for a number of purposes, including protection, aesthetics, or enhancing the surfaces' functional performance. Thermal spraying, electrostatic spraying, and powder coating are the most widely used techniques for applying non-liquid coatings. A form of powder coating known as non-liquid coating is used on final products to protect them from environmental damage like rust. The advancement of coating materials and application techniques is another significant element driving the market's growth. The increasing demand for long-lasting and high-performance coatings across a variety of industries is one of the main factors driving the growth in non-liquid coating market. The demand for non-liquid coatings in architectural applications is anticipated to be driven by the current building boom and the industry's transition to more environmentally friendly and high-performing coating solutions. However, one of the primary restrictions is the high initial cost of complex coating materials and techniques.
The powder coating segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the type, the non-liquid coating market is classified into powder coating, film coating, and others. Among these, the powder coating segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. One of the most popular types is powder coating due to its excellent finish, longevity, and environmentally beneficial qualities.
The automotive segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the application, the non-liquid coating market is divided into automotive, aerospace, construction, electronics, industrial, and others. Among these, the automotive segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. They provide a high-quality, long-lasting finish that is resistant to corrosion and wear on a variety of automotive components, such as wheels, frames, and body panels.
North America is estimated to hold the largest share of the non-liquid coating market over the forecast period.
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North America is estimated to hold the largest share of the non-liquid coating market over the forecast period. The automotive, aerospace, and electronics industries in the US in particular have high demand, making the US a significant contributor to the industry. The region's use of non-liquid coatings is being propelled by strict constraints on the environment and a growing priority on sustainability.
Asia Pacific is predicted to have the highest CAGR growth in the non-liquid coating market over the forecast period. The non-liquid coating market is largely driven by the expanding construction and automotive industries in the region. Moreover, the growing demand for consumer electronics and the growing investments in electronics production are anticipated to fuel market expansion.
Major key players in the non-liquid coating market include Evonik Industries, PPG Industries Inc., AkzoNobel NV, Nippon Paint Holdings Co., Ltd., Axalta Coating Systems, Kansai Paints Company Ltd., PPG Industries, Inc., RPM International Inc., Axalta Coating Systems Ltd., BASF SE, Jotun, Kansai Paint Co., Ltd., The Sherwin -Williams Company, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In July 2024, the expansion of Elementis' NiSAT (Non-Ionic Synthetic Associative Thickeners) technology manufacturing in China is a major milestone for the coatings industry. Elementis is a prominent provider of specialized chemicals for paint, coatings, and industrial aqueous applications.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the non-liquid coating market based on the below-mentioned segments:
Global Non-Liquid Coating Market, By Type
- Powder Coating
- Film Coating
- Others
Global Non-Liquid Coating Market, By Application
- Automotive
- Aerospace
- Construction
- Electronics
- Industrial
- Others
Global Non-Liquid Coating Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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