Powder Coatings Market, By Resin Type, Coating Methods, End-Use industry, and Geography - Insights, Opportunity Analysis, and Industry Forecast, 2022 - 2028

Powder Coatings Market, By Resin Type, Coating Methods, End-Use industry, and Geography - Insights, Opportunity Analysis, and Industry Forecast, 2022 - 2028

Report Description

Powder coatings 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. The increasing technological advancements and stringent environmental regulations, in turn increasing demand for VOC & solvent free products 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 utilize these coatings on dryer drums, water heaters, freezer cabinets, light fixture, air conditioner cabinets, front & side panels of refrigerators, washer lids & tops, in the cavities of oven & microwave, etc.

Increasing construction activities around the world in turn increases demand for doorframes, windows, kitchen, furniture, building facades, electrical fixtures, and bathroom fixtures. This in turn propels use of powder coatings in the construction industry due to its anti-corrosion & anti-bacterial properties.

The 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 fuels growth of the powder coating market.

Market Taxonomy

This report segments the global powder coatings market on the basis of resin types, coating method, and end-use industry. On the basis of resin types, the market is segmented as thermoset, and thermoplastic resins. The thermoset resins is further sub-segmented into polyester, epoxy polyester hybrid, epoxies, acrylics, polyurethane, and others. The thermoplastic resins are also further sub-segmented into nylon, polyolefin, polyvinyl chloride (PVC), and polyvinyl fluoride (PVF). On the basis of coating methods, the global powder coatings market is segmented as electrostatic spray coating, fluidized bed coating, electrostatic fluidized bed process, and flame spraying. On the basis of end-use industry, the global powder coatings market is segmented into appliances, automotive, general industrial, architectural, furniture, and others.

Key features of the study:

• This report provides in-depth analysis of the global powder coatings market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2022-2028), 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 valuable insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
• The report takes into account the various types of coating methods involved in manufacturing different types of thermoplastic, and thermoset resins, and analyzing the market value and growth (%) during the forecast period
• It includes insights on the largest technology used to manufacture different types of resins across the globe
• It profiles leading 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 Axalta Coating Systems, AkzoNobel N.V., Berger Paints India Limited, Asian Paints Limited (India), Jotun A/S, PPG Industries, Inc., Kansai Paint Co., Ltd., The Sherwin-Williams Company, Somar Corporation, and The Valspar Corporation.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, technology upgrade, market expansion, and marketing tactics
• The global powder coatings market report caters to various stakeholders in this industry, including investors, raw material manufacturer, resins manufacturer, end-users, distributors, new entrants, and financial analysts
• Stakeholders would greatly benefit in decision making through the various strategy matrices used in analyzing the powder coatings market

Detailed Segmentation:

• Global Powder Coatings Market, By Resin Type:
• Thermoset
• Polyester
• Epoxy Polyester Hybrid
• Epoxy
• Acrylic
• Polyurethane
• Others
• Thermoplastic
• Nylon
• Polyolefin
• Polyvinyl Chloride (PVC)
• Polyvinyl Fluoride (PVF)
• Global Powder Coatings Market, By Coating Methods:
• 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
• Others
• Global Powder Coatings Market, By Geography:
• North America
• U.S.
• By Resin Type
• Thermoset
• Polyester
• Epoxy Polyester Hybrid
• Epoxy
• Acrylic
• Polyurethane
• Others
• Thermoplastic
• Nylon
• Polyolefin
• Polyvinyl Chloride (PVC)
• Polyvinyl Fluoride (PVF)
• By End-Use industry
• Appliances
• Automotive
• General Industrial
• Architectural
• Furniture
• Others
• Canada
• By Resin Type
• Thermoset
• Polyester
• Epoxy Polyester Hybrid
• Epoxy
• Acrylic
• Polyurethane
• Others
• Thermoplastic
• Nylon
• Polyolefin
• Polyvinyl Chloride (PVC)
• Polyvinyl Fluoride (PVF)
• By End-Use industry
• Appliances
• Automotive
• General Industrial
• Architectural
• Furniture
• Others
• Europe
• UK
• By Resin Type
• Thermoset
• Polyester
• Epoxy Polyester Hybrid
• Epoxy
• Acrylic
• Polyurethane
• Others
• Thermoplastic
• Nylon
• Polyolefin
• Polyvinyl Chloride (PVC)
• Polyvinyl Fluoride (PVF)
• By End-Use industry
• Appliances
• Automotive
• General Industrial
• Architectural
• Furniture
• Others
• Germany
• By Resin Type
• Thermoset
• Polyester
• Epoxy Polyester Hybrid
• Epoxy
• Acrylic
• Polyurethane
• Others
• Thermoplastic
• Nylon
• Polyolefin
• Polyvinyl Chloride (PVC)
• Polyvinyl Fluoride (PVF)
• By End-Use industry
• Appliances
• Automotive
• General Industrial
• Architectural
• Furniture
• Others
• Italy
• By Resin Type
• Thermoset
• Polyester
• Epoxy Polyester Hybrid
• Epoxy
• Acrylic
• Polyurethane
• Others
• Thermoplastic
• Nylon
• Polyolefin
• Polyvinyl Chloride (PVC)
• Polyvinyl Fluoride (PVF)
• By End-Use industry
• Appliances
• Automotive
• General Industrial
• Architectural
• Furniture
• Others
• France
• By Resin Type
• Thermoset
• Polyester
• Epoxy Polyester Hybrid
• Epoxy
• Acrylic
• Polyurethane
• Others
• Thermoplastic
• Nylon
• Polyolefin
• Polyvinyl Chloride (PVC)
• Polyvinyl Fluoride (PVF)
• By End-Use industry
• Appliances
• Automotive
• General Industrial
• Architectural
• Furniture
• Others
• Russia
• By Resin Type
• Thermoset
• Polyester
• Epoxy Polyester Hybrid
• Epoxy
• Acrylic
• Polyurethane
• Others
• Thermoplastic
• Nylon
• Polyolefin
• Polyvinyl Chloride (PVC)
• Polyvinyl Fluoride (PVF)
• By End-Use industry
• Appliances
• Automotive
• General Industrial
• Architectural
• Furniture
• Others
• Rest of Europe
• By Resin Type
• Thermoset
• Polyester
• Epoxy Polyester Hybrid
• Epoxy
• Acrylic
• Polyurethane
• Others
• Thermoplastic
• Nylon
• Polyolefin
• Polyvinyl Chloride (PVC)
• Polyvinyl Fluoride (PVF)
• By End-Use industry
• Appliances
• Automotive
• General Industrial
• Architectural
• Furniture
• Others
• Asia-Pacific
• China
• By Resin Type
• Thermoset
• Polyester
• Epoxy Polyester Hybrid
• Epoxy
• Acrylic
• Polyurethane
• Others
• Thermoplastic
• Nylon
• Polyolefin
• Polyvinyl Chloride (PVC)
• Polyvinyl Fluoride (PVF)
• By End-Use industry
• Appliances
• Automotive
• General Industrial
• Architectural
• Furniture
• Others
• India
• By Resin Type
• Thermoset
• Polyester
• Epoxy Polyester Hybrid
• Epoxy
• Acrylic
• Polyurethane
• Others
• Thermoplastic
• Nylon
• Polyolefin
• Polyvinyl Chloride (PVC)
• Polyvinyl Fluoride (PVF)
• By End-Use industry
• Appliances
• Automotive
• General Industrial
• Architectural
• Furniture
• Others
• Japan
• By Resin Type
• Thermoset
• Polyester
• Epoxy Polyester Hybrid
• Epoxy
• Acrylic
• Polyurethane
• Others
• Thermoplastic
• Nylon
• Polyolefin
• Polyvinyl Chloride (PVC)
• Polyvinyl Fluoride (PVF)
• By End-Use industry
• Appliances
• Automotive
• General Industrial
• Architectural
• Furniture
• Others
• ASEAN
• By Resin Type
• Thermoset
• Polyester
• Epoxy Polyester Hybrid
• Epoxy
• Acrylic
• Polyurethane
• Others
• Thermoplastic
• Nylon
• Polyolefin
• Polyvinyl Chloride (PVC)
• Polyvinyl Fluoride (PVF)
• By End-Use industry
• Appliances
• Automotive
• General Industrial
• Architectural
• Furniture
• Others
• Australia
• By Resin Type
• Thermoset
• Polyester
• Epoxy Polyester Hybrid
• Epoxy
• Acrylic
• Polyurethane
• Others
• Thermoplastic
• Nylon
• Polyolefin
• Polyvinyl Chloride (PVC)
• Polyvinyl Fluoride (PVF)
• By End-Use industry
• Appliances
• Automotive
• General Industrial
• Architectural
• Furniture
• Others
• South Korea
• By Resin Type
• Thermoset
• Polyester
• Epoxy Polyester Hybrid
• Epoxy
• Acrylic
• Polyurethane
• Others
• Thermoplastic
• Nylon
• Polyolefin
• Polyvinyl Chloride (PVC)
• Polyvinyl Fluoride (PVF)
• By End-Use industry
• Appliances
• Automotive
• General Industrial
• Architectural
• Furniture
• Others
• Rest of Asia Pacific
• By Resin Type
• Thermoset
• Polyester
• Epoxy Polyester Hybrid
• Epoxy
• Acrylic
• Polyurethane
• Others
• Thermoplastic
• Nylon
• Polyolefin
• Polyvinyl Chloride (PVC)
• Polyvinyl Fluoride (PVF)
• By End-Use industry
• Appliances
• Automotive
• General Industrial
• Architectural
• Furniture
• Others
• Latin America
• Brazil
• By Resin Type
• Thermoset
• Polyester
• Epoxy Polyester Hybrid
• Epoxy
• Acrylic
• Polyurethane
• Others
• Thermoplastic
• Nylon
• Polyolefin
• Polyvinyl Chloride (PVC)
• Polyvinyl Fluoride (PVF)
• By End-Use industry
• Appliances
• Automotive
• General Industrial
• Architectural
• Furniture
• Others
• Mexico
• By Resin Type
• Thermoset
• Polyester
• Epoxy Polyester Hybrid
• Epoxy
• Acrylic
• Polyurethane
• Others
• Thermoplastic
• Nylon
• Polyolefin
• Polyvinyl Chloride (PVC)
• Polyvinyl Fluoride (PVF)
• By End-Use industry
• Appliances
• Automotive
• General Industrial
• Architectural
• Furniture
• Others
• Rest of Latin America
• By Resin Type
• Thermoset
• Polyester
• Epoxy Polyester Hybrid
• Epoxy
• Acrylic
• Polyurethane
• Others
• Thermoplastic
• Nylon
• Polyolefin
• Polyvinyl Chloride (PVC)
• Polyvinyl Fluoride (PVF)
• By End-Use industry
• Appliances
• Automotive
• General Industrial
• Architectural
• Furniture
• Others
• Middle East
• GCC
• By Resin Type
• Thermoset
• Polyester
• Epoxy Polyester Hybrid
• Epoxy
• Acrylic
• Polyurethane
• Others
• Thermoplastic
• Nylon
• Polyolefin
• Polyvinyl Chloride (PVC)
• Polyvinyl Fluoride (PVF)
• By End-Use industry
• Appliances
• Automotive
• General Industrial
• Architectural
• Furniture
• Others
• Israel
• By Resin Type
• Thermoset
• Polyester
• Epoxy Polyester Hybrid
• Epoxy
• Acrylic
• Polyurethane
• Others
• Thermoplastic
• Nylon
• Polyolefin
• Polyvinyl Chloride (PVC)
• Polyvinyl Fluoride (PVF)
• By End-Use industry
• Appliances
• Automotive
• General Industrial
• Architectural
• Furniture
• Others
• Africa
• North Africa
• By Resin Type
• Thermoset
• Polyester
• Epoxy Polyester Hybrid
• Epoxy
• Acrylic
• Polyurethane
• Others
• Thermoplastic
• Nylon
• Polyolefin
• Polyvinyl Chloride (PVC)
• Polyvinyl Fluoride (PVF)
• By End-Use industry
• Appliances
• Automotive
• General Industrial
• Architectural
• Furniture
• Others
• Central Africa
• By Resin Type
• Thermoset
• Polyester
• Epoxy Polyester Hybrid
• Epoxy
• Acrylic
• Polyurethane
• Others
• Thermoplastic
• Nylon
• Polyolefin
• Polyvinyl Chloride (PVC)
• Polyvinyl Fluoride (PVF)
• By End-Use industry
• Appliances
• Automotive
• General Industrial
• Architectural
• Furniture
• Others
• South Africa
• By Resin Type
• Thermoset
• Polyester
• Epoxy Polyester Hybrid
• Epoxy
• Acrylic
• Polyurethane
• Others
• Thermoplastic
• Nylon
• Polyolefin
• Polyvinyl Chloride (PVC)
• Polyvinyl Fluoride (PVF)
• By End-Use industry
• Appliances
• Automotive
• General Industrial
• Architectural
• Furniture
• Others
• Company Profiles
• Axalta Coating Systems *
• Company Overview
• Product Portfolio
• Financial Performance
• Key Strategies
• Recent Developments
• Future Plans
• AkzoNobel N.V.
• Berger Paints India Limited
• Asian Paints Limited
• Jotun A/S
• PPG Industries, Inc.
• Kansai Paint Co., Ltd.
• The Sherwin-Williams Company
• Somar Corporation
• The Valspar Corporation

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

Note- We will profile top 10 companies’ profiles. Also, we will provide the exhaustive list of domestic players for every region.