Aluminum Curtain Wall Market Analysis, Industry Demand by Segmentation and Forecast

The global aluminum curtain wall market expected to reach US$ 62.85 billion by 2027, according to a new study by Polaris Market Research. The report “Aluminum Curtain Wall Market Share, Size, Trends, Industry Analysis Report, By Type (Stick-Built, Unitized, Semi-Unitized); By Application (Residential, Commercial, Infrastructure); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The demand for aluminum curtain walls is expected to witness significant growth over the forecast period owing to the increasing demand for the protection of residential and commercial building walls. In addition, the use of exterior glass walls for commercial and infrastructural buildings is expected to have a positive impact on the aluminum curtain wall industry.

 

Increasing urbanization and several infrastructure projects sanctioned in the developing economies of Asia Pacific and Latin America is likely to complement aluminum curtain wall industry growth over the forecast period. Furthermore, the need for eco-friendly material and increasing regulations pertaining to the use of green building materials is expected to drive aluminum curtain wall demand.

 

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Segment Highlights

• Unitized aluminum curtain wall accounted for the largest revenue share in 2019. The segment accounted for over 55% of the market share owing to the low cost of installation and growing demand in developing economies

 

• The commercial application segment accounted for the largest revenue share in 2019 with over 50% of the market share. This can be attributed to the growing demand for aluminum curtain walls for the construction of malls, offices, institutional buildings, etc

 

• Asia Pacific region is dominating the global aluminum curtain wall industry, holding almost one-third of the market share throughout the forecast period. Increasing construction projects and rising investments by global market players in the region is likely to complement demand.

 

• The major players operating in the aluminum curtain wall industry space provide several services to retain and gain customers. In addition, the growing construction projects across the globe have led manufacturers to provide customized solutions to meet specific requirements.

 

List of Key Players

• Alumil Aluminium Industry S.A.
• EFCO Corporation
• GUTMANN AG
• HansenGroup Ltd.
• Kawneer Company, Inc.
• Sapa Building Systems Ltd
• Schuco International
• Josef Gartner GmbH
• Kalwall Corporation
• Others

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Polaris Market Research has segmented the aluminum curtain wall market report on the basis of type, application, and region

 

Aluminum Curtain Wall, Type Outlook (Revenue – USD Million, 2016 – 2027)

• Stick-built
• Semi-unitized
• Unitized

Aluminum Curtain Wall, Application Outlook (Revenue – USD Million, 2016 – 2027)

• Commercial
• Residential
• Infrastructure

Aluminum Curtain Wall, Regional Outlook (Revenue – USD Million, 2016 – 2027)

• North America
• U.S.
• Canada
• Europe
• France
• Germany
• UK
• Italy
• Spain
• Netherlands
• Austria
• Asia Pacific
• China
• India
• Japan
• Malaysia
• South Korea
• Indonesia
• Central & South America
• Mexico
• Brazil
• Argentina
• Middle East & Africa
• UAE
• Saudi Arabia
• Israel
• South Africa

 

 

Parking Management Systems Market Trends, Regulations and Competitive Landscape Outlook to 2020-2026

 The worldwide Parking Management Systems market is anticipated to reach around USD 9,786 million by 2026 according to a new research published by Polaris Market Research. In 2017, the hardware segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global market.

 

The significant increase in the demand for luxury passenger cars coupled with significant growth in sale of motor vehicles across the world boosts the growth of parking management systems market during the forecast period. Additionally, the increasing need to improve road safety, and streamline traffic flow in populated urban areas supports the market growth. The growing demand for passenger vehicles owing to increasing disposable income, and changing lifestyles, coupled with modernization of vehicles support the growth of the parking management systems market.

 

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The increasing development of autonomous and semi-autonomous vehicles, and rising penetration of mobile devices boost the adoption of parking management systems. However, high costs of implementing parking management systems would restrict the market growth during the forecast period. New emerging markets, and growing adoption of smart cities would provide growth opportunities for parking management systems market in the coming years.

  

In 2017, North America accounted for the highest share in the global parking management systems market. The growing need to streamline traffic flow coupled with introduction of stringent regulations regarding vehicular safety accelerate the adoption of parking management system in the region. The high living standards and disposable income further increases the demand of luxury automobiles in the region. The increasing development of smart cities in the region, and development of autonomous vehicles would provide growth opportunities during the forecast period.

 

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The major players of the parking management systems market include Skyline Parking AG, Siemens AG, T2 Systems, IBM Corporation, Swarco Corporation, Kapsch TrafficCom, Skidata, Passport Inc., SAP, and Indigo Park Services. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

3d Cell Culture Market Analysis, Industry Demand by Segmentation and Forecast

 The Global 3D Cell Culture Market Size is anticipated to reach over USD 2,768.8 Million by 2026 according to a new research published by Polaris Market Research.

 

3D cell culture is a cluster of biotic cells that are allowed to cultivate in artificial media in three dimensions. This type of cell culture used in tissue engineering and drug discovery, due to its property of providing prognostic data for in vivo tests and physiologically pertinent statistics. 3D cell cultures have a longer lifespan as well as more stability when compared to 2D cell culture system. This property makes them appropriate for long-term studies and long-term effects of the drug on cells. 3D cell culture systems are mostly grown in 3D cell colonies or bioreactors. Research studies estimated that they function similar to natural cells. due to which they have applications in oncology research.

 

Rising occurrence of several types of cancer cases and the need for effective and affordable treatment are the major factor driving the growth of the 3D cell culture market. According to the World Health Organization (WHO) 2015, it is estimated approximately 8.8 million deaths due to cancer globally. In addition, development of optimized 3D assays, growing investment in healthcare, rising R&D investments, and other research associated activities are also propelling the growth of 3D cell culture market significantly. The 3D cell cultures are majorly used for testing efficacy of new drug development, which can be further used for the treatment of chronic diseases such as cancer, cardiovascular and neurological ailments. This surges implementation of the 3D cell culture by biotechnology and pharmaceutical industries, which in turn is driving the growth of 3D cell culture market.

 

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The global 3D Cell Culture Market is segmented on the basis of products type, applications, end users, and geography. On the basis of product type, the global 3D cell culture market is segmented into Scaffold-based platforms, Bioreactors, Gels, Microchips, and Services. The scaffold based platforms are further categorized into Macro-Porous scaffolds, Microporous scaffolds, Nanoporous scaffolds, Scaffold free platforms, and Solid scaffolds. Scaffold-based cultures estimated to share the highest market in 2017. Availability of a substantial number of products based on the structure maintained 3D cell culture is attributive for the estimated share of this segment.

 

Based on the applications the global 3D cell culture market is segmented into Drug Discovery, Stem cell research, Cancer research, and Regenerative medicine. In 2017, Application in cancer research estimated to form the largest demand for 3D cell cultures market. On the basis of end users, the global 3D cell culture market IS segmented into Academic Institutes, Biotechnology & Pharmaceutical Companies, and Contract Research Laboratories. Biotechnology & pharmaceutical sectors dominated the market in 2017, as a significance of the developed application of technology in the drug discovery procedures in order to carry out well-organized screening and board validation.

 

Some major key players in global 3D Cell Culture Market include 3D Biotek, Advanced Biomatrix, Becton, and Dickinson Company (BD), corning Incorporated, Global cell solutions Inc., Thermo Fisher scientific Inc., VWR Corporation, Nanofiber solutions, Lonza Group Ltd., Synthecon incorporated, and Tecan Trading AG among others.

 

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X Ray Photoelectron Spectroscopy Market Analysis, Industry Demand by Segmentation and Forecast

The Global X-Ray Photoelectron Spectroscopy Market is anticipated to reach over USD 958.7 million by 2026, according to a new research published by Polaris Market Research. X-ray Photoelectron Spectroscopy (XPS), also known as Electron Spectroscopy for Chemical Analysis (ESCA).  X-ray Photoelectron Spectroscopy is a quantifiable method which recognizes the chemical configuration of surfaces. X-ray Photoelectron Spectroscopy uses photoelectric effect generated by x-rays. The electrons evicted by the sample surface in X-ray Photoelectron Spectroscopy comprise data about the electronic structure, atomic composition, chemical oxidation state, and morphology of the chemicals present on the sample surface.

 

Growing demand for safe and pure drugs, advanced medical research, advancement in technology, and minimal medication error are some of the major key drivers of the global X-ray Photoelectron Spectroscopy market. In addition, government support and initiatives in order to generate consciousness regarding contamination level in medications & its formulations, research and developments and chemical scrutiny are anticipated to fuel the growth of the X-ray Photoelectron Spectroscopy market. X-ray Photoelectron Spectroscopy is vital for studying the interfacial phenomena at the margins of gases and solids.

 

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However, the lack of expert assets is one of the major restraint for the global x-ray photoelectron spectroscopy market. Additionally, the swift rate of introduction of more technologically advanced and sophisticated products is adversely impacting the market growth. The global X-ray Photoelectron Spectroscopy Market is segmented on the basis of analysis type, application, and geography.

 

On the basis of analysis type, the global x-ray photoelectron spectroscopy market is segmented into element detection, contamination detection, density estimation, and empirical formula determination. In 2017, Element Detection is anticipated to dominate the market growth due to its diverse applications in the spectroscopy. On the basis of application, the global x-ray photoelectron spectroscopy market is segmented into healthcare, semiconductors, electronics, aerospace, automotive, and others. In 2017, healthcare segment is estimated to dominate the global x-ray photoelectron spectroscopy market. The healthcare segment includes studying cell/bacteria/tissue analysis, characterization of chemicals, antibody immobilization, and the study of proteins and peptides. The is dominance is attributed to strict regulatory authority necessities for minimal drug errors and the insignificant amount of contaminants in healthcare products. Moreover, increasing healthcare expenditure by people and advancement in technology such as hyphenated methods are boosting the growth of this segment.

 

North America dominated the x-ray photoelectron spectroscopy market globally and is expected to retain its dominance over the forecast period. Increasing application of XPS for drug safety and medical research, rising popularity of hyphenated technology, ongoing technological advancements and growing demand for spectroscopy in industrial and environmental industries are anticipated to fuel growth of this market over the forecast period. However, Asia Pacific is anticipated to dominated to global x-ray photoelectron spectroscopy market during the forecast period, owing to developing healthcare infrastructure in emerging economies such as China and India.

 

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Some major key players in global X-ray Photoelectron Spectroscopy Market include ThermoFisher Scientific, Scientica Omicron, ReVera Incorporated, STAIB Instruments, ULVAC Technologies, Inc., JEOL Ltd, Kratos Analytical Ltd, Evan Analytical Group (EAG), Intertek, and Mitsubishi Electric among others.

 

Facial Injectable Market Analysis, Industry Demand by Segmentation and Forecast

 The Global Facial Injectable Market is anticipated to reach over USD 18,819.04 Million by 2026 according to a new research published by Polaris Market Research. Facial injectable products also called as dermal fillers are products that benefit in facial transformation. These facial injectable products are widely used to indulgence the early signs of age as well as wrinkles thereby increasing the visual attractiveness.

 

Factors such as the rise in demand to augment the visual look and growing popularity for negligibly intrusive procedures majorly drive the market. In addition, the rise in elderly population and introduction of improved facial injectable such as synthetic calcium hydroxyl apatite fillers further anticipated boosting the market growth. In recent time, growing demand for non-surgical processes for facial transformation and modification is gaining global admiration. For instance, according to the International Society of Aesthetic Plastic Surgery (ISAPS), 2017, non-surgical and surgical cosmetic techniques showed an overall rise of 9% from past years. Moreover, according to the same report in 2016, nonsurgical procedures including injectable accounted for approximately 8 million globally. The global Facial Injectable Market is segmented on the basis of products, end users, and geography.

 

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Some major key players in global Facial Injectable Market include Advanced Dermatology, Merz, Inc., Galderma Laboratories, L.P., ColBar LifeScience Ltd., Allergan, Plc., Valeant Pharmaceuticals North America LLC., Sanofi Biosurgery Inc. (Sanofi), Anika Therapeutics, Inc., Suneva Medical, Inc.among others.

 

On the basis of products, the Global Facial Injectable Market is segmented into Dermal Fillers/Injectable Implants and Anti-aging/ Anti-wrinkle Injections. The Dermal Fillers/Injectable Implants is further segmented into Hyaluronic Acid, Collagen Fillers, and Synthetic Fillers such as Calcium hydroxylapatite and polymethyl methacrylate microspheres. The Anti-aging/ Anti-wrinkle Injections is further categorized into Botulinum toxin A and Poly-L-lactic acid (PLLA) micro particles. On the basis of products, the hyaluronic acid segment is estimated to dominate the market in 2017. Moreover, this segment is anticipated to show lucrative growth during the forecast period. Cumulative use of hyaluronic acid as a dermal filler in the cosmetic procedure is anticipated to support the market growth. Hyaluronic acid has become an important part of cosmetics and aesthetic surgeries due to its robust water retaining properties. In general, the cosmetic-grade hyaluronic acid has the lower molecular weight which further aids to retain water in the cells, releases antioxidants, form the deep penetration of the product in the epidermis, and delays the aging progression. On the basis of the end user, the global Facial Injectable Market is segmented into Hospitals, Dermatology Clinics, Beauty Clinics, and Dermatology Research Institutes. In 2017, hospital segment is estimated to dominate the global market.

 

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Key players are adopting partnerships and product introduction strategies in order to fulfill the unmet aesthetic as well as clinical needs thus, providing surgeons with better and novel options further augmenting the growth of the facial injectable market. For instance, in 2017, the company Galderma collaborated with Colorescience to expand its skincare solutions for persons that can be used in combination with orthodox facial injectable aesthetic treatments.

 

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Industrial Microwave Heating Market Analysis, Industry Demand by Segmentation and Forecast

 The global Industrial Microwave Heating Equipment Market size is expected to reach USD 1.57 billion by 2027 according to a new study by Polaris Market Research The market is expected to grow at a substantial rate over the forecast period. Government regulations aimed at reducing energy usage, efforts taken by companies to achieve sustainable goals, coupled with rising industrialization across the globe especially in Asia Pacific region is expected to benefit the overall industry growth. Inherent advantages of industrial microwave heating systems such as low energy requirement, better control over the process and ability to offer customized services have resulted in wide applicability of these systems in a spectrum of end-use industries thus further driving the market growth.

 

The market is characterized by frequent mergers, acquisition, as well as other strategic initiatives by leading market participants. In August 2020, Meyer Burger Technology, a Swiss based conglomerate sold its subsidiary business Muegge, to Germany based equity firm HQ Equita. Muegge is involved in providing industrial microwave heating systems in addition to plasma equipment to a host of application industries.

 

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Industrial Microwave Heating Equipment is finding widespread applications in food & beverage industry and is used for microwave food drying, pasteurization, sterilization, tempering, heating, among others. The usage of microwave equipment ensure that all these processes are ensured with high efficiency, retention of original nutritional content, and in less cost. This scenario is further driving the penetration of these equipment in the food & beverage industry. This trend has resulted in a rise in demand for industrial microwave heating equipment for applications in food & beverage industries thus resulting in overall market growth.

 

China occupies a majority of market share in the Asia Pacific region. The country is highly industrialized and has emerged as a major manufacturing hub in the world. These trends have benefitted the overall market growth. The country effectively curbed the coronavirus outbreak and hence, did not suffer as much as other European countries. This ensured that the manufacturing in the country to be operational, thus benefitting the overall market growth.

 

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Industries, in the recent past paid special attention to development and modification of Industrial Microwave Heating Equipment technology to exactly match the process needs of their clients. Different application needs have different process requirements and it is imperative that these heating systems have the ability to modify parameters such as Working Frequency, Working Temperature, Working Temperature, Control Method, Conveyor Speed, Drying Temperature, among others. Continuous R&D has enabled participants to achieve the same and this trend is a major contributor to the generalization of Industrial Microwave Heating Equipment in various application industries.

                                                     

Some of the key market participants that operate in the industry include Hitachi Power Solutions Co., Ltd., Muegge GmbH, Teledyne e2v Limited, Industrial Microwave Systems Ltd., CoberMuegge LLC, Communications & Power Industries LLC (CPI), L3 Technologies, Inc., Richardson Electronics, Ltd., MDP Components, STT International Limited, Panasonic Corporation, and Toshiba International Corporation among others

 

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Specialty Generic Drugs Market Trends, Regulations and Competitive Landscape Outlook to 2020-2026

 The global specialty generic drugs market is anticipated to reach USD 190.9 billion by 2025 according to a new study published by Polaris Market Research. Specialty Generics drugs are the generic forms of pharmacological drugs. These drugs are economically cheaper in contrast to branded drugs. Even so, development and commercialization of specialty generics drug are more complex when compared with conventional generics drugs. Companies are entering into specialty generic drugs market to manufacture generic forms of the products by forming new drug formulations. In addition, global capacity of conventional or traditional generics drugs market is also forcing companies to seek newer opportunities.

 

Increase in the number of off-patent specialty drugs is factor estimated to form the lucrative growth in specialty generic drugs market. For instance, the patent for Novartis drug Gilenya is estimated to expire in 2019. This drug has made approximately 14% sales growth of Novartis. Such early patent expirations are expected to boost the global market growth. In addition, the rise in the number of people suffering cancer is anticipated to bolster the global market growth. According to World Health Organization (WHO) 2015, approximately 160,000 individuals in the U.S. were filed to have various cancers. Thus, with the high prevalence of cancer case requiring drugs are anticipated to increase the global specialty generic drugs market growth.

 

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North America is the highest spending region in healthcare, yet, this region started to put cutting healthcare expenditure. The current economic & financial crisis and the existence of a high geriatric population are some of the key reasons for the cost cut in healthcare infrastructure over this region. This creates the need for developing novel, enhanced, and economic methods for production of specialty generics drugs. This factor is further anticipated boost the global specialty generic drugs market in the forecast period.

  

The global specialty generic drugs market is segmented on the basis of application, route of administration, distribution channel, and region. On the basis of application, the global specialty generic drugs market is segmented into Oncology, Infectious diseases, Multiple Sclerosis, Hepatitis C, and Others. Based on the application the oncology segment dominated the global market in 2017. Increased prevalence of cancer, such as melanoma, lung cancer, breast cancer, leukemia, prostate cancer, and colon cancer has directed to rise in demand for generic specialty drugs globally. According to International Agency for Research on Cancer (IARC), 2012, globally approximately 14 million cancer cases were diagnosed, and this number is projected to rise during the upcoming period. Thus, with the increasing prevalence, there is the huge demand for low-cost generics drugs that are less expensive and highly effective in comparison to branded drugs.

 

On the basis of route of administration, the global market is categorized into Oral, Parenteral, Topical, injectable, and Others. In 2017, the injectable segment estimated for the largest market share majorly owing to benefits, such as long duration of action, immediate dose distribution, and quick absorption. On the basis of the distribution channel, the global specialty generic drugs market is segmented into Retail Pharmacies, Hospital Pharmacies, and Online Pharmacies. In 2017, hospital pharmacy is estimated to share the major market globally as these specialty drugs are highly compound, expensive, and required to be handled very carefully. Thus, these drugs are generally distributed by manufacturers through hospital pharmacies.

 

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Some of the major key players operating in global specialty generic drugs market are Mylan N.V., Teva Pharmaceuticals USA, Inc., Sandoz International GmbH, Mallinckrodt, Akorn Inc., Valeant Pharmaceuticals International Inc., Endo Pharmaceuticals Inc. Pfizer Inc., Sun Pharmaceutical Industries Ltd., and Apotex Corp. among others

Intelligent Virtual Assistant Market Trends, Regulations and Competitive Landscape Outlook to 2020-2026

Intelligent virtual assistant market is anticipated to reach $21.52 Billion by 2026 according to a new study published by Polaris Market Research. In 2019, the BFSI segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period.

 

The growing need to improve customer service, streamline enterprise communication, and increase productivity has boosted the adoption of intelligent virtual assistants. The rising penetration of mobile devices, and integration of virtual assistants with smart home appliances further support the growth of this market. Additionally, the increasing demand of intelligent virtual assistants from small and medium enterprises has supported market growth over the years. Increasing investments by vendors in technological advancements coupled with growing need to improve customer experience would accelerate the adoption of intelligent virtual assistants. However, lack of awareness is expected to hinder market growth. Growing demand from emerging economies is expected to provide numerous growth opportunities in the coming years.

 

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The use of digital assistants and bots is expected to increase in the coming years. Computer programs in the form of bots simulate conversation with users through chat windows and voice calls. They have the ability to perform a number of different automated tasks such as scheduling meetings, managing finances, and others. They also assist in successful use of unified communication tools. These bots could be used as an automated attendant monitoring the interactions and offering instructions to users. 

 

Intelligent virtual assistants are gradually replacing traditional interactive voice response systems. Use of intelligent virtual assistants is proving effective by enhancing customer and brand experience, and providing a consumer-friendly environment. The virtual assistants also offer a platform for convenient communication within businesses through voice, text, and other channels.

  

North America generated the highest revenue in the market in 2019, and is expected to lead the global market throughout the forecast period. The presence of established telecom and cloud infrastructure in this region, and growing trend of BYOD drive the market growth in the region. The growing demand of mobile devices, and technological advancements further support market growth in the region. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to growing demand of virtual assistant technologies in the developing countries of the region.

 

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The end-users in intelligent virtual assistant market include healthcare, education, retail, BFSI, government, and others. In 2019, the BFSI segment accounted for the highest market share owing to increasing need to offer enhanced customer services, and improve productivity. The demand for intelligent virtual assistants has increased from organizations operating in this sector to improve workforce collaboration, client interaction, and reduce costs. 

 

The well-known companies profiled in the report include Apple Inc., Microsoft Corporation, Google, Nuance Communications, IBM Corporation, Oracle Corporation, [24]7.ai., Speaktoit Inc., CodeBaby Corporation, Next IT Corporation, Intel Corporation, and Clara Labs among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

 

Pressure Sensors Market Future Forecast Indicates Impressive Growth Rate

 The global pressure sensors market is anticipated to reach around USD 13,466 million by 2026 according to a new research published by Polaris Market Research. In 2017, the automotive segment dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global pressure sensors market.

 

The expanding global automotive industry, along with increasing demand from the healthcare sector increases the demand for pressure sensors. The increasing use of pressure sensors in consumer electronics and wearables, along with favorable government regulations regarding pressure sensors support the market growth. The rising adoption of MEMS and NEMS technologies, and IoT boosts the adoption of pressure sensors.  Other factors driving the market growth include growing demand of ADAS systems in automobiles, technological advancements, and development of smart cities. New emerging markets, emerging consumer demographics, and increasing demand from diversified industries would provide growth opportunities for Pressure Sensors market in the coming years.

 

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In 2017, Asia-Pacific accounted for the highest share in the global pressure sensors market. The primary factors driving the pressure sensors market growth in the region include established automotive industry, rising demand for consumer electronics, technological advancements, and high investment in R&D. The introduction of favorable government regulations regarding pressure sensors, and rising demand for luxury and modernized vehicles boost the pressure sensors market in Asia-Pacific. The economic growth in countries such as China, Japan, and India, increasing development of smart cities, and growing adoption of connected devices and IoT further increases the demand of pressure sensors in the region.

 

The end-users of pressure sensors included in the report are automotive, healthcare, aviation, consumer electronics, oil and gas, industrial, and others. The automotive segment is expected to dominate the global pressure sensors market during the forecast period. Pressure sensors play a vital role in automotive applications such as obstacle detection, autonomous emergency braking system, predictive crash sensing, and speed sensing which supplements the growth of this segment. The continuously increasing popularity for autonomous vehicles, and self-driving vehicles creates lucrative opportunities for the market. The growth in production volume of automobiles and increasing need for fuel-efficient and safe vehicles would further lead to market growth. Increasing cases of road accidents and stringent vehicle safety regulations supplement the market growth of this market. Growing adoption of self-driving vehicles in developing nations provide growth opportunities for this market.

 

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The major players in this market include General Electric, Infineon Technologies, ABB Ltd., Emerson Electric Company, NXP Semiconductors N.V., Robert Bosch GmbH, Siemens AG, Omron Corporation, Schneider Electric, and Honeywell International. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

 

Powder coatings Market 2020 Analytical Overview, Growth Factors, Demand And Trends Forecast To 2026

The Global Powder Coatings Market is anticipated to reach USD 16.85 billion by 2026 according to a new study published by Polaris Market Research.

 

Shifting trend towards usage of powder coatings in place of PVDF liquid due to higher utilization rates, easy application and lower impact on environment is expected to boost the global powder coatings market over the forecast period. Due to the heavy impact of volatile organic compounds (VOCs) on the environment, various regulatory bodies and governments have implemented strict regulations on the usage of solvent based conventional coatings, which in turn having an effect on the rising demand of powder coatings.

 

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Various advantages of using powder coatings including better finishing capabilities and lower thickness of films is also boosting the demand for powder coating across the globe. The thickness of films has a significant effect on the production costs, hence the thinner films cause decreased manufacturing costs for specific application areas including automotive parts, coils, and cans among others. For example, PPG industries has launched a product named Envirocron, which increases the transfer efficiency for applications such as aluminum extrusion and metal furniture among others.

 

Asia-Pacific is expected to hold the largest share in global powder coatings market followed by Europe. North America is estimated to stay in the third position throughout the forecast period after Asia-Pacific and Europe both in terms of volume and revenue. Growing demand for furniture, growing urbanization and subsequently expanding retail industry is anticipated to be the major driving factors boosting the Asia-Pacific powder coatings market. As per Polaris Market Research, the Asia-Pacific furniture market is expected to grow at a CAGR of 5.9% from 2018 to 2026, which is estimated to boost the demand for powder coatings in the region.

  

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The major drivers boosting the global powder coatings market are low negative impact on environment, low film thickness and booming automotive industry among others. Higher maintenance cost is acting as one of the major restraints for the growth of the market. The usage of aluminum extrusions is highly common in North America, specifically in the architecture segment. According to a study conducted by Polaris Market Research, the global architectural coatings market was pegged at USD 47.34 billion in 2015, majority of which includes powder coatings. According to The Asian Development Bank (ADB), 55% of Asian population will be in cities by 2030 and the urban population in Asia has grown by 44 from 2015 to 2017, which is boosting the demand for furniture, cars as well as architecture, which in turn is driving the powder coatings market.

 

Sherwin-Williams had top the company market share in North America during 2016, followed by PPG Industries. This two companies combined had a share of almost 60% in North America during 2016. While, PPG industries captured over 60% company market share in case of Asia-Pacific during 2016, followed by Nippon. The top players operating in the Europe market are PPG Industries, AkzoNobel, Tikkurila, Caparol and Materis among others.

 

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