Powder Coatings Market

Powder coatings market has shown a significant growth from last few years. It is an eco-friendly coating that does not cause any waste during production and consumption, hence making it environment friendly. There is very low or negligible content of volatile organic compounds (VOCs) in powder coatings as compared to liquid coatings, making it a preferred choice across various industries. Powder coating is a ready-to-use product that does not require any mixing procedure or thinner, which rules out any major side-effects to people in contact with it. Rampant growth of various end-use industries such as automotive, architectural, and furniture, among others has in turn fueled growth of the powder coatings market. Increasing technological advancements and stringent environmental regulations, are in turn increasing demand for VOC & solvent free products and are key growth drivers in the global powder coatings market.

Market Dynamics

Appliance is the largest end-use industry in the global powder coatings market. Powder coatings are widely utilized in appliances used in domestic and commercial applications at homes, hotels, restaurants, corporate offices, and hospitals, among others. Powder coating is a superior coating technology that provides both decoration, and protection to the substrate that it is applied to. These coatings help prevent corrosion, and yellowing, while the appliance industry utilizes these coatings on dryer drums, water heaters, freezer cabinets, light fixtures, air conditioner cabinets, front & side panels of refrigerators, washer lids & tops, in the cavities of ovens & microwaves etc.

Increasing construction activities around the world have in turn increases demand for doorframes, windows, kitchen appliances, furniture, building facades, electrical fixtures, and bathroom fixtures. This has in turn propelled use of powder coatings in the construction industry due to its anti-corrosion & anti-bacterial properties. Increasing preference of auto manufacturers towards the use of powder coatings due to the considerable cost reductions, low operational costs, excellent performance, wide color availability, and other benefits offered by these products has fuelled growth of the powder coating market.

Key features of the study:

• This report provides an in-depth analysis of global powder coatings market, and provides market size (US$ billion & MMT) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global powder coatings market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Akzo Nobel N.V, Arkema S.A., Asian Paints Limited, Axalta Coating Systems, BASF SE, Bayer AG, Berger Paints India Limited, DSM, Jotun A/S, Kansai Paint Co., Ltd., PPG Industries, Inc., Somar Corporation, The Sherwin-Williams Company, The Valspar Corporation
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global powder coatings market report caters to various stakeholders in this industry including investors, suppliers, powder coatings manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global powder coatings market

Detailed Segmentation:

• Global Powder coatings Market, By Resin Type:
  • Thermoset
  • Thermoplastic
• Global Powder coatings Market, By Coating Method:
  • Electrostatic Spray Coating
  • Fluidized Bed Coating
  • Electrostatic Fluidized Bed Process
  • Flame Spraying
• Global Powder coatings Market, By End-use Industry:
  • Appliances
  • Automotive
  • General Industrial
  • Architectural
  • Furniture
• Global Powder coatings Market, By Region:
  • North America
    • By Country:
      • U.S
      • Canada
  • Latin America
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Europe
    • By Country:
      • Germany
      • U.K
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country:
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • Middle East & Africa
    • By Country/Region:
      • Middle East
      • Africa
• Company Profiles
  • Akzo Nobel N.V 
    • Company Overview
    • Product Portfolio
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Arkema S.A.
  • Asian Paints Limited
  • Axalta Coating Systems
  • BASF SE
  • Bayer AG
  • Berger Paints India Limited
  • DSM
  • Jotun A/S
  • Kansai Paint Co., Ltd.
  • PPG Industries, Inc.
  • Somar Corporation
  • The Sherwin-Williams Company
  • The Valspar Corporation

“*” marked represents similar segmentation in other categories in the respective section.