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

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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
Table Of Content
Company Profile

Report

Description

Powder Coatings Market size was valued at USD 12,362.1 million in 2021 and is expected to grow at a CAGR of 7.4% from 2022 to 2028. The global market provides a detailed overview of the global powder coatings market, and that can be segmented by resin type, coating method, and by application. By resin type, the global powder coatings market has been segmented into Thermoplastic and Thermoset. The Thermoset segment is likely to be the largest and fastest-growing segment in terms of type in 2021 and is expected to maintain the trend in the forecasted years. Thermoset powder is made of different resins such as epoxies, polyesters, acrylics, and polyurethanes. Due to various other properties of thermoset powder, this segment is growing at a faster rate. Most thermoset powder coatings is able to safeguard from a high level of corrosion, impact, and temperature resistance. Based on the coating method, the global powder coatings market is segmented into Electrostatic Spray and Fluidized Bed. Among these, the Electrostatic Spray segment is expected to have the fastest-growing market during the forecast period 2022-2028 according to precision business insights. The Appliances segment accounts for the largest share in 2021 and is anticipated to register a significant CAGR in the upcoming years. It is attributed to the various usage of powder coatings on refrigerators, dryer drums, air-conditioner cabinets, washer tops and lids, water heaters, dishwasher racks, freezer cabinets, and microwave ovens. For some applications, the pre-coated blank stock is coated and then postformed in the desired shape. Hence, this segment will grow at a faster rate in the upcoming years.By region, the Asia Pacific region is expected to witness the highest market share during the forecast period it holds a tremendous potential market for global powder coatings.

Key Development:

In July 2022, Polychem powder coatings launched a new powder coating collection, named the Effects Collection.

In Mar 2022, AkzoNobel launched ACE powder coatings to serve the specific needs of the Agricultural and Construction Equipment (ACE) sector.

Powder Coatings Market

MARKET SUMMARY

7.4% CAGR

Study Period– 2022-2028
Base Year– 2021
CAGR– 7.4%
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)

Powder Coatings Market Dynamics

Growing applications in the automotive industry and high demand for coated appliances are anticipated to propel the market growth over the forecast years.

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

North-America

Europe

Asia-Pacific

Middle East

Key

Features of the Report

The report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
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

Resin Type

Thermoplastic
Polyvinyl Chloride (PVC)
Nylon
Polyolefin
Polyvinylidene Fluoride (PVDF)
Thermoset
Epoxy
Polyester
Epoxy Polyester Hybrid
Acrylic

Coating Method

Electrostatic Spray
Fluidized Bed

Application

Appliances
Automotive
Architectural
Furniture
Agriculture Construction& Earthmoving Equipment (ACE)
General Industrial
Others

Location

GEOGRAPHY

Frequently Asked Questions

The powder coatings market is projected to expand at a CAGR of 7.4% during the forecast period.

AkzoNobel N.V. (Netherlands), Asian Paints Limited (India), Axalta Coating Systems (US), Berger Paints India Limited (India), Jotun A/S (Norway)

North America is the fastest-growing region for powder coatings market

The powder coatings market faces many environmental challenges due to state and local environmental regulations of wastewater discharge.

Report

Table Of Content

Table of Content

Executive Summary
Global Powder Coatings Market Introduction
- Global Powder Coatings Market – Taxonomy
- Global Powder Coatings Market –Definitions
  - Resin Type
  - Coating Method
  - Application

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
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
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

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

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

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
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

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

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

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

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

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)

Research Methodology
Key Assumptions and Acronyms

Description

Description

Key Development:

In July 2022, Polychem powder coatings launched a new powder coating collection, named the Effects Collection.

In Mar 2022, AkzoNobel launched ACE powder coatings to serve the specific needs of the Agricultural and Construction Equipment (ACE) sector.

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

Description

Powder Coatings Market

Powder Coatings Market

Features of the Report

Resin Type

Coating Method

Application

GEOGRAPHY

Frequently Asked Questions

Table Of Content

Company Profile

Description

Product categories

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