The global demand for Powder Coating Market is presumed to reach the market size of nearly USD 24.23 BN by 2028 from USD 13.96 BN in 2021 with a CAGR of 8.2% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Kilo Tons in 2021 and forecast to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
Powder coating is a process in which dry powder or colour is applied to the surface of the metal. Thermoplastic, thermosets and UV curable are the three types of powder coating commonly available. Powder coating comes in various textures and colours and is primarily used for decorative and protective purposes. It is highly durable and offers good quality finish to the product. Powder coating is used in various industries, including automobiles and household manufacturing.
Market Dynamics
The innovations in powder coating and the growing popularity among the various end-use industries such as automotive, appliance, furniture, architecture and others are leading to the expansion of its market globally. Powder coating contains no VOCs, and there is an increasing awareness among manufacturers and users about pollution prevention, resulting in a higher demand for powder coating in the market. Powder coating possesses a unique recycling property, further responsible for propelling its market to a greater extent. It is difficult to obtain the thin film with the powder coating due to the lack of a liquid carrier, which makes it challenging for end users to get the thin and textured finish which can adversely affect the market in some industries.
The 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 powder coating. The growth and trends of Powder Coating Industry provide a holistic approach to this study.
Market Segmentation
This section of the powder coating market report provides detailed data on the segments by analyzing them 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 Resin
- Epoxy
- Polyester
- Epoxy-Polyester (Hybrid)
- Acrylic
- Polyurethane
- Others
By Application
- Consumer Goods
- Architectural
- Automotive
- General Industries
- Furniture
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the 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 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 powder coating market include Akzo Nobel N.V, The Sherwin-Williams Company, PPG Industries Inc., BASF SE, DSM, Valspar, Arkema S.A., Bayer AG. 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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