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:

• • 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:

• • 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

• • Polyester Based
  • Polyurethane Based
  • Epoxy Based
  • Hybrid Power Coatings
  • Others

Global Powder Coatings Market by Method

• • Electrostatic Spray
  • Fluidized Bed
  • Others

Global Powder Coatings Market by Application

• • Consumer Goods
  • Automotive
  • Building and Construction
  • Furniture
  • General Industries
  • Others

Global Powder Coatings Market by Region

• • 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

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)

• • 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