Global Powder Coatings Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Powder Coatings Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Powder coating is a solid powdery synthetic resin coating composed of solid resin and pigment, filler and auxiliary agent.

Market Overview:

The latest research study on the global Powder Coatings market finds that the global Powder Coatings market reached a value of USD 14545.0 million in 2022. It’s expected that the market will achieve USD 18623.0 million by 2028, exhibiting a CAGR of 4.21% during the forecast period.

Market Drivers

and Impact
High performance of automotive powder coatings
Automotive coatings require high weather resistance, high corrosion resistance, and high wear resistance. Therefore, dry powder or slurry liquid powder coatings are used in automotive body coatings, and excellent results are obtained. They are used as automotive primers, single-layer coatings and varnish finishes. As the production of automobiles continues to increase, the demand for Powder Coatings market is also rising.
Wood powder coating specialization
Due to the development of a low-temperature curing powder coating system below 100 ° C, its popularization and application can make wood powder coatings special, and can compete with traditional industrial wood coatings in coating.
Despite the high requirements of the kitchen and furniture industry, it is necessary to spray 4 to 5 coats to achieve the qualification. Liquid paint still dominates the coatings market such as industrial wood. Water-based paints have also been adopted. The disadvantages are the co-solvents and the water volatilization rate is slow. Powder coatings avoid the use of a variety of primers, and can be applied in multiple passes to complete solvent-based coatings.

Market Challenges and Impact

The manufacturing process of powder coatings is more complicated than general coatings, and the manufacturing cost of coatings is high. The softening point of the resin for powder coating is generally required to be 80 ° C or higher. When the powder coating is produced by the melt method, the melt mixing temperature is higher than the softening point of the resin, and the heat temperature during the construction is higher than the temperature at the time of manufacture. The heat temperature is much higher than that of the general coating, and it is not possible to apply large equipment and heat sensitive base materials. Powder coatings are difficult to apply to thicknesses of 15-30mm, which tends to cause excess material and waste materials.

Region Overview:

In global comparison, a significant portion of the revenue was generated in APAC (45.62% in 2022).

Company Overview:

AkzoNobel Powder Coatings is one of the major players operating in the Powder Coatings market, holding a share of 8.21% in 2021.

AkzoNobel Powder Coatings

AkzoNobel has a passion for paint. Its experts in the proud craft of making paints and coatings, setting the standard in color and protection since 1792. AkzoNobel world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. Headquartered in the Netherlands, AkzoNobel operate in over 80 countries and employ around 35,000 talented people who are passionate about delivering the high-performance products and services the customers expect.

Axalta Coatings Systems

Axalta Coating Systems is a coatings company headquartered in Philadelphia, PA that develops and manufactures coatings for light and commercial vehicles, industrial, and refinish applications. The firm does business in 130 countries, has nearly 13,000 employees, and has more than 100,000 customers.

Segmentation Overview:

As for product types, the Thermoset Powder Coating segment held the largest market share in 2022.

Application Overview:

By application, the Appliance & Housewares segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Powder Coatings market covered in Chapter 3:

Sherwin Williams
Jotun Powder Coatings
ACG Industrie
INDUSTRIAS TITAN, S.A.U.
Axalta Coatings Systems
Teknos
EcoPolifix Srl
Arsonsisi
Protech
CWS
IGP Powder Coating
Pulverit
FreiLacke
Valresa
Europolveri SpA
Adapta Color SL
Industrias Químicas Iris, S. A.
CIN Corporate
ST Powder Coatings
AkzoNobel Powder Coatings
PPG Industries
Ripol

In Chapter 4 and Chapter 14.2, on the basis of types, the Powder Coatings market from 2018 to 2029 is primarily split into:

Thermoset Powder Coating
Thermoplastic Powder Coating

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Powder Coatings market from 2018 to 2029 covers:

General Industry
Architectural Application
Automotive Industry
Appliance & Housewares

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)