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Powder Coatings Industry Size, In-Depth Qualitative Insights, Explosive Growth Opportunity, Regional Analysis by Fortune Business Insights The global powder coatings market size is slated to reach USD 18.95 billion by 2028, registering a 6.2% CAGR during the forecast period. The increasing demand for industrial equipment. The market size stood at USD 11.58 billion in 2020 and reached USD 12.46 billion in 2021. Browse Summary: https://www.fortunebusinessinsights.com/powder-coatings-market-102139

Hardware Coating | Shree Jee PVD Hardware coating refers to the process of applying a protective layer onto hardware components or products to improve their durability and resistance to corrosion, wear, and tear. The coating can be applied using various techniques such as spray coating, dip coating, electroplating, and powder coating. https://shreejeepvd.com/hardware-coating/

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Industrial Coatings Market : Report Highlights the Competitive Scenario with Impact of Drivers And Challenges 2028 The global industrial coatings market is set to impetus from the increasing focus of manufacturers towards developing greener processes. These processes would help in creating fewer emissions and wastes, as well as use lesser energy. This information is given by Fortune Business Insights™ in a new report, titled, “Industrial Coatings Market Size, Share & COVID-19 Impact Analysis, By Resin (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Others), By Technology (Solvent-borne, Water-borne, Powder, and Others), By End-use (General Industrial, Powder, Automotive OEM, Automotive Refinish, Protective, Wood, Marine, Coil, Packaging, and Others), and Regional Forecast, 2020-2027.” The report further states that this market size was USD 86.81 billion in 2019 and is projected to reach USD 119.54 billion by 2027, exhibiting a CAGR of 4.4% during the forecast period. Drivers & Restraints- Rising Environmental Concerns to Bolster Growth The manufacturing process of industrial coatings releases volatile organic compounds (VOCs) that must be eliminated effectively. These organic chemicals turn to gases once they are kept at room temperature. VOC is the main cause of ground-level air pollution. Hence, nowadays several manufacturers are rapidly inclining towards powder-based or water-borne coatings to maintain sustainability. This factor is set to propel the industrial coatings market growth in the coming years. However, these coatings are prone to drying quickly, which, in turn, may hamper growth. Regional Analysis- Asia Pacific to Remain at the Forefront Fueled by Rising Production of Automotive Geographically, Asia Pacific procured USD 36.5 billion in terms of revenue in 2019. The region is set to retain its dominant position in the market throughout the forthcoming years. This growth is attributable to increasing consumer spending and rising automotive production. Additionally, the rising government subsidies, interest rates, general industrial production, and construction activities in this region would spur demand. Europe, on the other hand, is expected to show significant growth stoked by the ongoing developments in the oil & gas sector. At the same time, the rising usage of powder coatings owing to the rapid technological advancements in this sector would drive growth. Competitive Landscape- Key Players Focus on Launching Novel Industrial Coatings to Strengthen Their Positions The market is highly fragmented in nature backed by the presence of multiple prominent domestic and international companies. Most of them are focusing on launching state-of-the-art products to cater to the high demand from various end-use industries. Below are the two latest industry developments: Browse Link: https://www.fortunebusinessinsights.com/industry-reports/industrial-coatings-market-101741

Antimicrobial Coatings Market Growth Status, Movements by Trend Analysis, Revenue Expectation to 2028 The global antimicrobial coatings market size is predicted to reach USD 8,650.7 Million by 2027, exhibiting a CAGR of 11.5% during the forecast period. The rising awareness regarding the advantages of active ingredients found in antimicrobial coatings to prevent microbial growth in the wall, door handles and other indoor objects will accelerate the antimicrobial coatings market growth, states Fortune Business Insights in a report, titled Antimicrobial Coatings Market Size, Share & Industry Analysis, By Type (Metallic {Silver, Copper, and Others}, and Non-metallic {Polymeric, and Others}), By Application (Medical & Healthcare, Indoor Air / HVAC, Mold Remediation, Building & Construction, Food & Beverage, Textile, and Others), and Regional Forecast, 2020-2027” the market size stood at USD 3,690.0 Million in 2019. The rising prevalence of diseases will spur significant demand for antimicrobial coatings in prevention and protection against mold, fungi, and bacteria during the forecast period. Market Driver: Strong Utilization of Antimicrobial in Disease Prevention to Improve Business Prospects The increasing application of antimicrobial coatings in healthcare facilities can be a vital factor in inflating the demand of the market. For instance, Healthcare-related infections (HCAI), also known as nosocomial infections lead to a high rate of morbidity and mortality in patients. As per the World Health Organization, Fact Sheet, Hundreds of millions of patients are affected by healthcare-associated infections worldwide each year, leading to significant mortality and financial losses for health systems. The rising cases of HCAI in the developing nations will create opportunities for the market. The World Health Organization, states in high-income countries, approximately 30% of patients in intensive care units (ICU) are affected by at least one healthcare-associated infection. Likewise, the European Center for Disease Prevention and Control (ECDC) estimates that about 4.1 million acute care patients develop an HCAI annually, with 37,000 deaths directly attributed to HCAI. The increasing cognizance of HCAI and pandemics such as COVID-19 will lead to the improvement in the safety and hygiene of patients in hospitals, which, in turn, will aid the expansion of the market. Also, the rising concertation to prevent the growth of microbes, which can lead to infections or cause product degradation will foster healthy growth of the market. Regional Analysis: Favorable Laws and Policies will Strengthen Market in North America The market size in North America stood at USD 1,383.5 million in 2019. North America and is likely to remain dominant during the forecast period. The growth in the region is attributed to the rising demand for antimicrobial coatings in indoor air / HVAC and medical applications. Favorable Healthcare Policies and laws will further promote the market in North America. The rising demand from the food & beverages and apparel industry in the U.S. and Canada will support the growth in North America. The increasing living standards of people along with the rising healthcare spending in the U.S. will further aid the development of the market. The growing innovation in the healthcare industry and the growing production of processed foods will contribute positively to the market in North America. Significant Development: January 2019: Akzo Nobel N.V., a global leader and produced of powder coatings, announced that its Interpon AM range, containing BioCote antimicrobial protection was selected to be applied on 2,350 door handles in Abu Dhabi clinic. This coating combats the growth of microbes such as bacteria and mold. Information Source: - https://www.fortunebusinessinsights.com/antimicrobial-coatings-market-102784

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