Powder Coating Market Analysis, Trends Analysis & Industry Growth Report, 2020-2027
Powder Coatings Industry Size, Share & Analysis Report by Type (Polyester Based, Polyurethane Based, Epoxy Based, Hybrid Power Coatings, and Others), By Method (Electrostatic Spray, Fluidized Bed, and Others), By Application (Consumer Goods, Automotive, Building and Construction, Furniture, General Industries, and Others), and By Region – Global Opportunities & Forecast, 2020-2027
Published Date: Jun - 2021 | Report Format: Excel/PPT | Report Code: UP1883-001001
Introduction of the Powder Coatings Market Report
Powder coating is a type of coating which is a free-flowing and dry powder. It is different from unconventional liquid paint, which is delivered through an evaporating solvent. The powder coating is usually applied electrostatically and then cured under UV or heat. Powder coating forms a protective layer that is much harder than obsolete paint. It is standard for both indoor and outdoor applications and is popular for providing extreme results.
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Market Dynamic
Key Drivers and Emerging Trends
Favorable government initiatives and strategic stringent regulations for VOC emissions have pushed the consumption of powder coatings. The European Parliament and Council have limited the use of organic solvents like paints and paint products due to the high VOC emissions. According to powder coatings market report, the powder coating industry is expected to be driven by the growing application of powder coatings in the automotive industry and consumer goods owing to their high abrasion and anti-corrosive property, which plays an important role in protecting metallic and non-metallic substrates. According to the North American organization called “Powder Coating Institute”, 15% of the industrial finishing paint market uses powder in some form or another, which shows the consumption and potential from the demand side of the market scenario.
In 2019, PPG announced the launch of PPG ENVIROCRON Extreme Protection Edge coatings. The new product uses patent-pending, advanced powder coatings technology and delivers exceptional edge corrosion protection in one coat. The introduction of offerings is one of the emerging power coating industry trends that is propelling the growth of the market during the forecast period owing to its innovative technology that provides coverage and surpasses standard one-coat and two-coat powder systems and covers sharp edges created during metal fabrication.
Restraint in the Powder Coatings Market
As per the powder coating market analysis, powder coatings produce a thick finish on metal products, and is difficult to produce thin finishes using these coatings, which is expected to hamper the powder coating industry growth.
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Type – Segment Analysis
Based on the type, polyester based is expected to dominate the global powder coatings market over the forecast period. Thermoplastic polyester powder materials have adhesion properties without the need for a primer. They also exhibit good UV resistance and weatherability. Polyester based coatings offer benefits for the end-users and architects, manufactures or designers.
Application – Segment Analysis
Based on the application, consumer goods is expected to dominate the global powder coatings market over the forecast period. The use of powder coatings is widely adopted in consumer goods like small appliances, water heaters, electric ranges, and gas, which has driven segmental growth. Powder coatings do not contain solvents, exhibit higher tangibility than conventional liquid coatings, and comply with environmental regulations. Moreover, the rising demand for domestic appliances in China, India, Vietnam, Thailand, and the Philippines is expected to increase the demand for powder coatings over time.
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Regional – Segment Analysis:
On the basis of regional coverage, Asia-pacific is expected to dominate the global powder coatings market over the forecast period. This is due to the rapid growth of Asian countries such as Japan, China, and India have contributed majorly to the powder coatings market. Powder coatings are used in the automotive industry for applying the coating on chassis components, springs/suspensions, electrical components, engine blocks etc.
Top Market Players
Some of the leading players operating in the market include Akzo Nobel N.V., PPG Industries, Inc., Sherwin-Williams Company, Axalta Coating Systems, Kansai Paint Co., Ltd., Nippon Paint Holdings Co., Ltd., DSM, Bayer AG, FERRO ARTE DE MEXICO., Eisenmann.
Key Developments:
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- In 2021, Akzo Nobel N.V. established a new research and development lab dedicated to low cure powder coatings. This strategic initiative has helped the company in the facility expansion which is anticipated to surge the growth of the company.
Segments covered in the Report:
The global powder coatings market has been segmented based on type, method, application, and regions. Based on type, the market is segmented into polyester based, polyurethane based, epoxy based, hybrid powder coatings, and others. Based on method, the market is segmented into electrostatic spray, fluidized bed and others. Based on application, the market is segmented into consumer goods, automotive, building and construction, furniture, general industries and others.
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Key questions answered in this research report:
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- At what pace is the global powder coatings market growing? What will be the growth trend in the future?
- What are the key drivers and restraints in the powder coatings market? What will be the impact of drivers and restraints in the future?
- What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global powder coatings market?
- Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
- What are the various method areas of the global powder coatings market and how they are poised to grow?
- What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?
Report Coverage |
Details |
Market Base Year |
2019 |
Market Forecast Period |
2020-2027 |
Market Revenues Currency |
USD Million |
Base Year & Forecast Units |
Revenues (USD Million) |
Market Segment | By Type, By Method, By Application, By Region |
Regional Coverage | Asia Pacific, Europe, North America, and RoW |
Companies Profiled | Akzo Nobel N.V., PPG Industries, Inc., Sherwin-Williams Company, Axalta Coating Systems, Kansai Paint Co., Ltd., Nippon Paint Holdings Co., Ltd., DSM, Bayer AG, FERRO ARTE DE MEXICO., Eisenmann, among others; a total of 10 companies covered |
25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global Powder Coatings Market by Type
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- Polyester Based
- Polyurethane Based
- Epoxy Based
- Hybrid Power Coatings
- Others
Global Powder Coatings Market by Method
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- Electrostatic Spray
- Fluidized Bed
- Others
Global Powder Coatings Market by Application
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- Consumer Goods
- Automotive
- Building and Construction
- Furniture
- General Industries
- Others
Global Powder Coatings Market by Region
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- North America Powder Coatings Market (Option 1: As a part of the free 25% customization)
- North America Powder Coatings Market by Type
- North America Powder Coatings Market by Method
- North America Powder Coatings Market by Application
- US Powder Coatings Market All-Up
- Canada Powder Coatings Market All-Up
- Europe Powder Coatings Market (Option 2: As a part of the free 25% customization)
- Europe Powder Coatings Market by Type
- Europe Powder Coatings Market by Method
- Europe Powder Coatings Market by Application
- UK Powder Coatings Market All-Up
- Germany Powder Coatings Market All-Up
- France Powder Coatings Market All-Up
- Spain Powder Coatings Market All-Up
- Rest of Europe Powder Coatings Market All-Up
- Asia-Pacific Powder Coatings Market (Option 3: As a part of the free 25% customization)
- Asia-Pacific Powder Coatings Market by Type
- Asia-Pacific Powder Coatings Market by Method
- Asia-Pacific Powder Coatings Market by Application
- China Powder Coatings Market All-Up
- India Powder Coatings Market All-Up
- Japan Powder Coatings Market All-Up
- Rest of APAC Powder Coatings Market All-Up
- RoW Powder Coatings Market (Option 4: As a part of the free 25% customization)
- RoW Powder Coatings Market by Type
- RoW Powder Coatings Market by Method
- RoW Powder Coatings Market by Application
- Brazil Powder Coatings Market All-Up
- South Africa Powder Coatings Market All-Up
- Saudi Arabia Powder Coatings Market All-Up
- UAE Powder Coatings Market All-Up
- Rest of world (remaining countries of the LAMEA region) Powder Coatings Market All-Up
- North America Powder Coatings Market (Option 1: As a part of the free 25% customization)
Major Players Operating in the Powder Coatings (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
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- Akzo Nobel N.V.
- PPG Industries, Inc.
- Sherwin-Williams Company
- Axalta Coating Systems
- Kansai Paint Co. Ltd.
- Nippon Paint Holdings Co. Ltd.
- DSM
- Bayer AG
- FERRO ARTE DE MEXICO
- Eisenmann
Licensing Options
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The report is used by the purchaser (One Individual) only
Multi-User License:Report is shared with maximum 5 users (employees) including the purchaser of the purchasing corporation only
Corporate License:
Report is shared with unlimited user (employees) of the purchasing corporation only
The report is used by the purchaser (One Individual) only
Multi-User License:Report is shared with maximum 5 users (employees) including the purchaser of the purchasing corporation only
Corporate License:
Report is shared with unlimited user (employees) of the purchasing corporation only
Powder Coating Market Analysis, Trends Analysis & Industry Growth Report, 2020-2027
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