The global demand for Fusion Bonded Epoxy Powder Coating Market is presumed to reach the market size of nearly USD 16.91 MN by 2028 from USD 10 MN in 2021 with a CAGR of 7.8% under the study period 2022 - 2028.
Fusion-bonded epoxy powder coating refers to the epoxy-based powder coating used to protect steel pipes from corrosion. It is also known as fusion-bonded epoxy coating or FBE Coating. They are thermoset polymer coating and fall under protection coating in paints and coating nomenclature. It provides UV protection and resistance to cathodic disbandments. The resins and hardener components in the power stock do not react in normal storage conditions. It protects against harsh weather conditions. It is widely used in the construction industry. It assists in increasing the life expectancy of steel pipes and offers good performance.
Market Dynamics
The key factor driving the demand for the fusion bonded epoxy powder coating market is the increasing use of pipes in oil and petrochemical refineries. Growing demand for fusion bonded epoxy powder coating in the marine pipeline industry is surging the demand for this market. An increase in the exploration of new energy reserves with the purpose of fulfilling future demand is anticipated to create numerous growth opportunities for this market in the upcoming years. Government support for VOC-free formulations and stringent regulations to limit carbon emissions and achieve sustainable development goals will augment the demand for this market. However, fluctuations in the price of raw materials due to the geopolitical industry may restrict the fusion bonded epoxy powder coating market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of fusion bonded epoxy powder coating. The growth and trends of fusion bonded epoxy powder coating industry provide a holistic approach to this study.
Market Segmentation
This section of the fusion bonded epoxy powder coating market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Fast Curing Type
- Common Curing Type
By Application
- Oil & Gas
- Industrial
- Chemical Processing
- Municipal Water Supply
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Fusion Bonded Epoxy Powder Coating market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Fusion Bonded Epoxy Powder Coating Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the fusion bonded epoxy powder coating market include Akzonobel, DowDupont, BASF SE, PPG Industries, Valspar, 3M, The Bayou Companies, Axalta Coating Systems, SolEpoxy, KCC Corporation, Jotun Powder Coatings, Sherwin-Williams. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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