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Global Powder Coatings Market Share, Analysis, Forecast: By Resin Type: Thermoset, Thermoplastic; By Coating Method: Electrostatic Spray, Fluidized Bed; By End Use: Appliances, Automotive, Architectural, Furniture, General Industrial, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Powder Coatings Market Outlook
The global powder coatings market size reached approximately USD 15.24 billion in 2023. The market is further projected to grow at a CAGR of 5.7% between 2024 and 2032, reaching a value of USD 23.74 billion by 2032.
Key Trends in the Market
Powder coating refers to a finely pulverised polymeric composition that flows and melts at elevated temperatures, producing a smooth coated surface. The coating is used for creating a hard finish and is tougher than conventional paint. They also impart significant resistance to corrosion, chemicals, and abrasions as compared to liquid coatings.
- Bolstering demand for medical devices owing to rising aging population and increasing prevalence of chronic health conditions including diabetes, cancer, arthritis, and heart conditions is aiding the powder coatings market growth. Medical grade powder coatings are antimicrobial and promote a hygienic and sterile environment.
- Increasing environmental awareness and concerns are propelling the demand for powder coatings. This growth in demand can be attributed to cost effective and environment friendly nature of the coatings due to the absence of heavy metals including lead and cadmium, among others.
- The expansion of the automotive sector owing to improvements in supply challenges and rising demands is providing lucrative growth opportunities to the market. Powder coatings are used for changing the colour of body panels and wheels. Due to their ability to provide durable and protective finishes, they are often used for coating radiators, shock absorbers, door handles, engine blocks, and mirror frames, among others.
Global Powder Coatings Market Analysis
On the basis of resin type, the market is segregated into thermostat and thermoplastic. Thermostat is sub-divided by type into epoxy, polyester, epoxy polyester hybrid, and acrylic and thermoplastic into polyvinyl chloride (PVC), nylon, and polyolefin.
Based on coating method, the market is bifurcated into electrostatic spray and fluidized bed. On the basis of end use, the market is classified into appliances, automotive, architectural, furniture, and general industrial, among others.
Based on region, the powder coatings market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- BASF SE
- Akzo Nobel NV
- Axalta Coating Systems, LLC
- IFS Coatings, Inc.
- PPG Industries, Inc.
- Arkema S.A.
- The Sherwin-Williams Company
- Cardinal Paint and Powder, Inc.
- IGP Pulvertechnik AG
- Jotun A/S
- National Paints Factories Co. Ltd.
- TIGER Coatings GmbH & Co. KG
- Others
Market Share by End Use
Appliances are expected to account for a significant powder coatings market share. Powder coatings offer unique colours and finishes to the appliances while providing them with resistance against corrosion and ultraviolet radiations and durability. From cooking and cleaning to washing, appliances are used day in, and day out and therefore require extra protection. From industrial to home, powder coatings meet the different requirements of various environments, ensuring the durability of the appliances.
Market Share by Region
The Asia Pacific is anticipated to account for a significant share of the market over the forecast period. This growth can be attributed to the increasing initiatives by various governments in the region to promote the utilisation of eco-friendly coatings such as powder coatings for architectural and general industrial applications. The expansion of the automotive sector along with increasing innovation are also bolstering the powder coatings market demand in the Asia Pacific.
Competitive Landscape
BASF SE, headquartered in Ludwigshafen, Germany, is one of the leading manufacturers of functional solutions and materials, performance products, agricultural solutions, and powder coatings, among others. Their portfolio comprises of various segments including industrial solutions, chemicals, and surface technologies, among others.
Akzo Nobel NV, headquartered in Amsterdam, Netherlands, is known for supplying innovative coatings and paints including powder coatings. Their brand portfolio includes Sikkens, Dulux International, and Interpon. The company is also involved in the production of industrial finishing products and chemicals, among others.
Axalta Coating Systems, LLC, headquartered in Pennsylvania, United States, specialises in the production of powder, industrial, automotive, aviation, mobility, marine, and architectural coatings, among others. The performance coatings offered by the company are used for a wide range of industrial applications including surface preparation.
Other powder coatings market key players include IFS Coatings, Inc., PPG Industries, Inc., Arkema S.A., The Sherwin-Williams Company, Cardinal Paint and Powder, Inc., IGP Pulvertechnik AG, Jotun A/S, National Paints Factories Co. Ltd., and TIGER Coatings GmbH & Co. KG, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Resin Type |
|
| Breakup by Coating Method |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Powder Coatings Market Analysis
8.1 Key Industry Highlights
8.2 Global Powder Coatings Historical Market (2018-2023)
8.3 Global Powder Coatings Market Forecast (2024-2032)
8.4 Global Powder Coatings Market by Resin Type
8.4.1 Thermoset
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Epoxy
8.4.1.3.2 Polyester
8.4.1.3.3 Epoxy Polyester Hybrid
8.4.1.3.4 Acrylic
8.4.2 Thermoplastic
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by Type
8.4.2.3.1 Polyvinyl Chloride (PVC)
8.4.2.3.2 Nylon
8.4.2.3.3 Polyolefin
8.5 Global Powder Coatings Market by Coating Method
8.5.1 Electrostatic Spray
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Fluidized Bed
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Powder Coatings Market by End Use
8.6.1 Appliances
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Automotive
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Architectural
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Furniture
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 General Industrial
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global Powder Coatings Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Powder Coatings Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Powder Coatings Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Powder Coatings Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Powder Coatings Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Powder Coatings Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 BASF SE
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Akzo Nobel NV
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Axalta Coating Systems, LLC
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 IFS Coatings, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 PPG Industries, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Arkema S.A.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 The Sherwin-Williams Company
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Cardinal Paint and Powder, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 IGP Pulvertechnik AG
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Jotun A/S
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 National Paints Factories Co. Ltd.
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 TIGER Coatings GmbH & Co. KG
15.2.12.1 Company Overview
15.2.12.2 Product Portfolio
15.2.12.3 Demographic Reach and Achievements
15.2.12.4 Certifications
15.2.13 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Powder Coatings Market: Key Industry Highlights, 2018 and 2032
2. Global Powder Coatings Historical Market: Breakup by Resin Type (USD Billion), 2018-2023
3. Global Powder Coatings Market Forecast: Breakup by Resin Type (USD Billion), 2024-2032
4. Global Powder Coatings Historical Market: Breakup by Coating Method (USD Billion), 2018-2023
5. Global Powder Coatings Market Forecast: Breakup by Coating Method (USD Billion), 2024-2032
6. Global Powder Coatings Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global Powder Coatings Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global Powder Coatings Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Powder Coatings Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Powder Coatings Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Powder Coatings Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Powder Coatings Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Powder Coatings Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Powder Coatings Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Powder Coatings Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Powder Coatings Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Powder Coatings Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Powder Coatings Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Powder Coatings Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Powder Coatings Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 15.24 billion in 2023.
The market is projected to grow at a CAGR of 5.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 23.74 billion by 2032.
The major market drivers include expansion of the automotive sector and eco-friendly nature of powder coatings.
The key trends fuelling the growth of the market include environmental awareness and concerns and rising demand from the healthcare sector.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The end uses of powder coatings include appliances, automotive, architectural, furniture, and general industrial, among others.
The key players in the market are BASF SE, Akzo Nobel NV, Axalta Coating Systems, LLC, IFS Coatings, Inc., PPG Industries, Inc., Arkema S.A., The Sherwin-Williams Company, Cardinal Paint and Powder, Inc., IGP Pulvertechnik AG, Jotun A/S, National Paints Factories Co. Ltd., and TIGER Coatings GmbH & Co. KG, among others.
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