Global Powder Coatings Market: Market Estimation, Dynamics, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Global Powder Coatings Market: By Resin Type (Thermoplastic and Thermoset), By Coating Method (Electrostatic Spray and Fluidized Bed), By Application (Appliances, Automotive, Architectural, Furniture, Agriculture Construction& Earthmoving Equipment (ACE), General Industrial and Others) and Geography

 

 

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Description

Powder Coatings Market is estimated poised to grow at a significant CAGR of 5.6% over 2022-2028. Stringent environmental regulations, advantages of powder coatings over traditional wet paint systems, adoption of the technology in the automotive sector, flourishing construction industry together with rapid economic growth in emerging countries, technological advancements and increasing demand from end user industries, such as architectural, appliances, automotive, furniture, agriculture, construction and earthmoving equipment (ACE) are some factors influencing the market growth. However, factors such as fluctuating raw material prices and difficulty in obtaining thin films are limiting the market growth. In addition to these exterior uses, this material is also used inside the engine on radiators, filters, and other parts. Many new models of Volvo and BMW are already using this type of coating, and Ford, GM, and Chrysler are testing it. The success of the technology has been continuous improvement in raw materials, formulating techniques, and manufacturing processes. Powder is here to stay, and there is still room for significant growth in the automotive market as long as the technology continues to advance. Powder coating process is excellent at achieving smooth and even thick coatings, it is difficult to produce the same with thin coatings. This limitation results from how powder coatings are applied, as it is challenging to control the amount and speed at which the powder is applied to the substrate. Additionally, while thicker coatings can more easily hide surface imperfections, thinner coatings tend to display more orange-peeled textures. This condition can be attributed to inadequate pre-treatment, too much, too little, or improperly applied powder, and insufficient curing times or temperatures. In any case, when a smooth, thin coating finish is required, it is much more difficult to achieve the result with the powder coating method.

Powder Coatings Market

MARKET SUMMARY
-
5.6% CAGR
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 5.6%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North America

Powder Coatings Market

  • The report on global Powder Coatings Market gives historical, current, and future market sizes (US$ Mn) on the basis of resin type, coating method, application and geography.
  • Powder Coatings Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa
Key Players
  • AkzoNobel N.V. (Netherlands)
  • Asian Paints Limited (India)
  • Axalta Coating Systems (US)
  • Berger Paints India Limited (India)
  • Jotun A/S (Norway)
Dynamics

Powder Coatings Market

Powder coatings are well established as a finishing technique in the automotive market worldwide. These coatings offer benefits such as toughness and chip resistance. Powder coatings have come a long way in automotive applications since the early 1970s. Within the automotive industry, powder coating is used in a variety of ways, including everything from wheels and hub caps to door handles, bumpers, and even decorative trim. In many cases, powder coating is used to protect the body of the automobile from corrosion or rust.


Asia-Pacific got Significant Share

Powder Coatings Market

Asia Pacific accounted for larger revenue share in global powder coatings market with considerable CAGR due to changing lifestyle, growth in transportation infrastructure and rising disposable income. Also, China is the major contributor for the market growth in this region as there is an increase in demand for electric home appliances in the country. In addition, North America held considerable market share during estimated period owing to increasing environmental concerns and rising awareness regarding the harmful effects of solvent-based coatings.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2015-2020) and forecast (2021-2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework and reimbursement scenari0

Powder Coatings Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

Table of Content

  1. Executive Summary
  2. Global Powder Coatings Market Introduction
    • Global Powder Coatings Market – Taxonomy
    • Global Powder Coatings Market –Definitions
      • Resin Type
      • Coating Method
      • Application
  1. Global Powder Coatings Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Powder Coatings Market Dynamic Factors – Impact Analysis
    • Global Powder Coatings Market – Competition Landscape
  2. Global Powder Coatings Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025
    • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Powder Coatings Market, By Resin Type, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Thermoplastic
      • Polyvinyl Chloride (PVC)
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Nylon
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Polyolefin
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Polyvinylidene Fluoride (PVDF)
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Thermoset
        • Epoxy
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Polyester
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Epoxy Polyester Hybrid
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Acrylic
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
  1. Global Powder Coatings Market, By Coating Method, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Electrostatic Spray
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Fluidized Bed
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Powder Coatings Market, By Application, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Appliances
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Automotive
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Architectural
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Furniture
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Agriculture Construction & Earthmoving Equipment (ACE)
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • General Industrial
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Powder Coatings Market Forecast, By Region, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • North America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Powder Coatings Market – Opportunity Analysis Index, By Resin Type, Coating Method, Application and Region, 2019 – 2025
  2. North America Powder Coatings Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Resin Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Thermoplastic
        • Polyvinyl Chloride (PVC)
        • Nylon
        • Polyolefin
        • Polyvinylidene Fluoride (PVDF)
      • Thermoset
        • Epoxy
        • Polyester
        • Epoxy Polyester Hybrid
        • Acrylic
      • Coating Method Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Electrostatic Spray
        • Fluidized Bed
      • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Appliances
        • Automotive
        • Architectural
        • Furniture
        • Agriculture Construction & Earthmoving Equipment (ACE)
        • General Industrial
        • Others
      • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • US.
        • Canada
      • North America Powder Coatings Market – Opportunity Analysis Index, By Resin Type, Coating Method, Application and Country, 2019 – 2025
      • North America Powder Coatings Market Dynamics – Trends
  1. Europe Powder Coatings Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Resin Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Thermoplastic
        • Polyvinyl Chloride (PVC)
        • Nylon
        • Polyolefin
        • Polyvinylidene Fluoride (PVDF)
      • Thermoset
        • Epoxy
        • Polyester
        • Epoxy Polyester Hybrid
        • Acrylic
      • Coating Method Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Electrostatic Spray
        • Fluidized Bed
      • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Appliances
        • Automotive
        • Architectural
        • Furniture
        • Agriculture Construction & Earthmoving Equipment (ACE)
        • General Industrial
        • Others
      • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Germany
        • UK
        • France
        • Spain
        • Italy
        • Russia
        • Poland
        • Rest of Europe
      • Europe Powder Coatings Market – Opportunity Analysis Index, By Resin Type, Coating Method, Application and Country, 2019 – 2025
      • Europe Powder Coatings Market Dynamics – Trends
  1. Asia-Pacific Powder Coatings Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Resin Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Thermoplastic
        • Polyvinyl Chloride (PVC)
        • Nylon
        • Polyolefin
        • Polyvinylidene Fluoride (PVDF)
      • Thermoset
        • Epoxy
        • Polyester
        • Epoxy Polyester Hybrid
        • Acrylic
      • Coating Method Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Electrostatic Spray
        • Fluidized Bed
      • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Appliances
        • Automotive
        • Architectural
        • Furniture
        • Agriculture Construction & Earthmoving Equipment (ACE)
        • General Industrial
        • Others
      • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Japan
        • China
        • India
        • ASEAN
        • Australia & New Zealand
        • Rest of Asia-Pacific
      • Asia-Pacific Powder Coatings Market – Opportunity Analysis Index, By Resin Type, Coating Method, Application and Country, 2019 – 2025
      • Asia-Pacific Powder Coatings Market Dynamics – Trends
  1. Latin America Powder Coatings Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Resin Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Thermoplastic
        • Polyvinyl Chloride (PVC)
        • Nylon
        • Polyolefin
        • Polyvinylidene Fluoride (PVDF)
      • Thermoset
        • Epoxy
        • Polyester
        • Epoxy Polyester Hybrid
        • Acrylic
      • Coating Method Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Electrostatic Spray
        • Fluidized Bed
      • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Appliances
        • Automotive
        • Architectural
        • Furniture
        • Agriculture Construction & Earthmoving Equipment (ACE)
        • General Industrial
        • Others
      • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
      • Latin America Powder Coatings Market – Opportunity Analysis Index, By Resin Type, Coating Method, Application and Country, 2019 – 2025
      • Latin America Powder Coatings Market Dynamics – Trends
  1. Middle East and Africa Powder Coatings Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Resin Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Thermoplastic
        • Polyvinyl Chloride (PVC)
        • Nylon
        • Polyolefin
        • Polyvinylidene Fluoride (PVDF)
      • Thermoset
        • Epoxy
        • Polyester
        • Epoxy Polyester Hybrid
        • Acrylic
      • Coating Method Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Electrostatic Spray
        • Fluidized Bed
      • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Appliances
        • Automotive
        • Architectural
        • Furniture
        • Agriculture Construction & Earthmoving Equipment (ACE)
        • General Industrial
        • Others
      • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Gulf Cooperation Council (GCC) Countries
        • Israel
        • South Africa
        • Rest of MEA
      • MEA Powder Coatings Market – Opportunity Analysis Index, By Resin Type, Coating Method, Application and Country, 2019 – 2025
      • MEA Powder Coatings Market Dynamics – Trends
  1. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Resin Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • AkzoNobel N.V. (Netherlands)
      • Asian Paints Limited (India)
      • Axalta Coating Systems (US)
      • Berger Paints India Limited (India)
      • Jotun A/S (Norway)
      • Kansai Paint Co.Ltd. (Japan)
      • PPG IndustriesInc. (US)
      • Somar Corporation (Japan)
      • The Sherwin-Williams Company (US)
      • The Valspar Corporation (US)
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • AkzoNobel N.V. (Netherlands)
  • Asian Paints Limited (India)
  • Axalta Coating Systems (US)
  • Berger Paints India Limited (India)
  • Jotun A/S (Norway)
  • Kansai Paint Co.Ltd. (Japan)
  • PPG IndustriesInc. (US)
  • Somar Corporation (Japan)
  • The Sherwin-Williams Company (US)
  • The Valspar Corporation (US)

Description

Powder Coatings Market is estimated poised to grow at a significant CAGR of 5.6% over 2022-2028. Stringent environmental regulations, advantages of powder coatings over traditional wet paint systems, adoption of the technology in the automotive sector, flourishing construction industry together with rapid economic growth in emerging countries, technological advancements and increasing demand from end user industries, such as architectural, appliances, automotive, furniture, agriculture, construction and earthmoving equipment (ACE) are some factors influencing the market growth. However, factors such as fluctuating raw material prices and difficulty in obtaining thin films are limiting the market growth. In addition to these exterior uses, this material is also used inside the engine on radiators, filters, and other parts. Many new models of Volvo and BMW are already using this type of coating, and Ford, GM, and Chrysler are testing it. The success of the technology has been continuous improvement in raw materials, formulating techniques, and manufacturing processes. Powder is here to stay, and there is still room for significant growth in the automotive market as long as the technology continues to advance. Powder coating process is excellent at achieving smooth and even thick coatings, it is difficult to produce the same with thin coatings. This limitation results from how powder coatings are applied, as it is challenging to control the amount and speed at which the powder is applied to the substrate. Additionally, while thicker coatings can more easily hide surface imperfections, thinner coatings tend to display more orange-peeled textures. This condition can be attributed to inadequate pre-treatment, too much, too little, or improperly applied powder, and insufficient curing times or temperatures. In any case, when a smooth, thin coating finish is required, it is much more difficult to achieve the result with the powder coating method.

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