Transparency Market Research in its new report titled, “Thermoplastic Powder Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the thermoplastic powder market. The new report states that the thermoplastic powder market is primarily driven by the significant features of these powders over traditional paints.
Thermoplastic powder provides thicker coating, high temperature and chemical resistance, low toxicity, etc. It is also recyclable. This is driving consumer attractiveness toward thermoplastic powder, thereby fueling the global market. Thermoplastic power coating offer higher resistance to any disparity between environmental forces of nature. Furthermore, thermoplastic power is being used in various industry verticals such as automotive, aerospace and defense, construction, and outdoor lighting due to its eco-friendliness and low toxicity. Light poles, traffic signal poles, and circuit breaker panels that proliferate the city landscape are coated in thermoplastic coatings. Thus, thermoplastic power is used in many industries. This is expected to propel the demand for thermoplastic powder during the forecast period.
The report has segmented the global thermoplastic powder market based on material, end-use industry, and geography. In terms of material, the report has segregated the global thermoplastic powder market into polyethylene, polypropylene, nylon, PVC, and others. Based on end-use industry, the thermoplastic powder market is split into aerospace & defense, healthcare, construction, electronics & semiconductors, consumer goods, automobile, furniture, and others. In terms of regional perspective, the thermoplastic powder market is classified into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Among these, Asia Pacific is anticipated to dominate the global thermoplastic powder market during the forecast period. This is mainly due to the rise in demand for powder coatings in manufacturing industries and the industrial sector. Countries such as China, Australia, and India in Asia Pacific are estimated to be the dominant countries of the global thermoplastic powder market.
The report says that the global thermoplastic powder market is witnessing technological advancements. Companies are constantly striving to develop new and better ways to manufacture these coatings. Development of new manufacturing processes of thermoplastic powder coating and applications is estimated to propel the thermoplastic powder market. Major players operating in the global thermoplastic powder market are included in this report to give a better competitive analysis and these are PPG Industries, Inc., Cardinal, Akzo Nobel N.V., Hentzen Coatings, The Sherwin-Williams Company, Erie Powder Coatings, Axalta, Midwest Industrial Coatings, Inc., The Valspar Corporation, Vogel Paint, RPM International Inc., Trimite Powders, American Powder Coatings, Nortek Powder Coating, IFS Coatings, Plastic Coatings Limited, British Plastics Federation, Tecno Supply, and LIANHUI PLASTICS COMPANY LTD.
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