Powder Coating Market Research Report Information By Substrate (Metal, and Non-Metal) By Resin Type (Thermoset, and Thermoplastic) By Coating Method (Electrostatic Spray Coating, Fluidized Bed Coating, Electrostatic Fluidized Bed Process, and Flame Sprayi
Powder Coating Market Research Report Information By Substrate (Metal, and Non-Metal) By Resin Type (Thermoset, and Thermoplastic) By Coating Method (Electrostatic Spray Coating, Fluidized Bed Coating, Electrostatic Fluidized Bed Process, and Flame Spraying) By Application (Consumer Goods & Appliances, Automotive & Transportation, Architecture & Furniture, Construction Equipment and Others) and By Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa)-Industry Forecast to 2030
In 2023, the powder coating market was estimated to be worth USD 14,925.9 million. Over the course of the projection period, the powder coating industry is expected to increase at a compound annual growth rate (CAGR) of 6.73%. 2023. Higher living standards and the desire for status symbols have led to a surge in the market for sophisticated products and the use of high-quality, dependable, and high-performance paints and coatings. People want to live in luxury and comfort; thus they are willing to spend the money on premium powder coating. Additionally, the eco-profile of the materials used in paints and coatings is being promoted and focused upon by the end users. In the paint & coatings business, powder coatings are becoming more and more popular as binders because they are an economical and highly efficient formulation with minimal volatile organic compound emissions. Powder coatings have qualities including flexibility, gloss potential, and durability in addition to providing outstanding adhesion and cohesion balancing. Because of its superior coalescing qualities, low formulation cost, and minimal solvent usage, powder coatings are becoming more and more in demand for both exterior and interior applications. Paints that are low VOC and odorless can be made because of the reduced requirement for solvents. Additionally, powder coatings provide coating qualities like mud cracking and low-temperature coalescence without raising the paint's overall formulation costs.
Insights on Market Segments Metal and Non-Metal are the two product-based market segments in the powder coating industry.
With a market value of USD 13,975.4 million and a share of 93.50% in 2023, the thermoset segment is the leading resin type segment. Different polymer resin systems serve as the foundation for powder coatings, which are then enhanced with pigments, leveling agents, flow modifiers, curatives, and other additives. Thermosets and thermoplastics are the two main types of resins used in powder coatings.
The electrostatic spray coating, fluidized bed coating, electrostatic fluidized bed process, and flame spraying segments make up the worldwide powder coatings market. With a market share of 56.10% in 2023, the electrostatic spray coating category held the most share among these categories.
Because of the many advantages they provide, powder coatings are widely employed in a wide range of end-use applications in the automotive, building and construction, electronics, and numerous manufacturing industries.
Important Market Participants TCI Powder, BASF SE, BERGER Paints India Limited, Covestro AG, PPG Industries, Nippon Paint Holdings Co. Ltd., Sherwin-Williams, Asian Paints PPG Pvt. Limited, Axalta Coating Systems Ltd., and Covestro AG are some of the major market participants.
1 Executive Summary
1.1 Market Attractiveness Analysis
1.1.1 Global Powder Coatings Market, By Substrate
1.1.2 Global Powder Coatings Market, By Resin Type
1.1.3 Global Powder Coatings Market, By Coating Method
1.1.4 Global Powder Coatings Market, By Application
1.1.5 Global Powder Coatings Market, By Region
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Research Objective
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Top Down & Bottom Up Approach
3.6 Forecast Model
3.7 List Of Assumptions
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Growing Product Demand In The Paints & Coating Industry
4.2.2 Use Of Powder Coating In Furniture
4.2.3 Drivers Impact Analysis
4.3 Restraint
4.3.1 High Cost And Complexities In The Manufacturing Processes
4.3.2 Restraint Impact Analysis
4.4 Opportunity
4.4.1 Rise In Demand For Powder Coating For The Automotive
4.5 Impact Of Covid
5 Market Factor Analysis
5.1 Supply Chain Analysis
5.1.1 Raw Material Suppliers
5.1.2 Manufacturers
5.1.3 Distribution Channel
5.1.4 End Users
5.2 Porter’s Five Forces Model
5.2.1 Bargaining Power Of Suppliers
5.2.2 Bargaining Power Of Buyers
5.2.3 Threat Of New Entrants
5.2.4 Threat Of Substitutes
5.2.5 Intensity Of Rivalry
5.3 Raw Material Analysis
5.3.1 What Raw Materials Are Used In Powder Coatings
5.3.2 Properties Of Raw Material Used
5.3.3 Market Size Volume For Raw Material
5.3.4 Tds By Various Manufacturers
5.3.5 Average Pricing Analysis
5.4 Pricing Analysis, By Region (Usd/Ton)
6 Global Powder Coatings Market, By Substrate
6.1 Introduction
7 Powder Coatings Market, By Resin Type
7.1 Introduction
8 Global Powder Coatings Market, By Coating Method
8.1 Introduction
9 Powder Coatings Market, By Application
9.1 Introduction
10 Global Powder Coatings Market, By Region
10.1 Introduction
10.2 North America
10.2.1 Us
10.2.2 Canada
10.3 Europe
10.3.1 Germany
10.3.2 Russia
10.3.3 Uk
10.3.4 Italy
10.3.5 France
10.3.6 The Netherland
10.3.7 The Netherland
10.3.8 Spain
10.3.9 Spain
10.3.10 Poland
10.3.11 Rest Of Europe
10.4 Asia-pacific
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 South Korea
10.4.5 Australia & New Zealand
10.4.6 The Netherland
10.4.7 Thailand
10.4.8 Indonesia
10.4.9 Vietnam
10.4.10 Rest Of Asia-pacific
10.5 Middle East & Africa
10.5.1 Egypt
10.5.2 Uae
10.5.3 Turkey
10.5.4 South Africa
10.5.5 Rest Of Middle East & Africa
10.6 Latin America
10.6.1 Mexico
10.6.2 Brazil
10.6.3 Argentina
10.6.4 Rest Of Latin America
11 Competitive Landscape
11.1 Introduction
11.2 Competitive Analysis
11.2.1 Key Strategy Analysis
11.3 Competitor Dashboard
11.4 Company Market Share Analysis, 2022 (%)
11.5 Competitive Benchmarking
11.6 Leading Players In Terms Of The Number Of Developments In The Global Powder Coating Market
11.7 Key Developments & Growth Strategies
11.7.1 New Product Launch
11.7.2 Merger & Acquisition
11.7.3 Joint Ventures/Agreement
11.7.4 Capacity Expansion
12 Company Profiles
12.1 Basf Se
12.1.1 Company Overview
12.1.2 Financial Overview
12.1.3 Products Offered
12.1.4 Key Developments
12.1.5 Swot Analysis
12.1.6 Key Strategies
12.2 Ppg Industries Inc.
12.2.1 Company Overview
12.2.2 Financial Overview
12.2.3 Products Offered
12.2.4 Key Developments
12.2.5 Swot Analysis
12.2.6 Key Strategies
12.3 Nippon Paint Holdings Co. Ltd.
12.3.1 Company Overview
12.3.2 Financial Overview
12.3.3 Products Offered
12.3.4 Key Developments
12.3.5 Swot Analysis
12.3.6 Key Strategies
12.4 Axalta Coating Systems Ltd.
12.4.1 Company Overview
12.4.2 Financial Overview
12.4.3 Products Offered
12.4.4 Key Developments
12.4.5 Swot Analysis
12.4.6 Key Strategies
12.5 Sherwin-williams
12.5.1 Company Overview
12.5.2 Financial Overview
12.5.3 Products Offered
12.5.4 Key Developments
12.5.5 Swot Analysis
12.5.6 Key Strategies
12.6 Covestro Ag
12.6.1 Company Overview
12.6.2 Financial Overview
12.6.3 Products Offered
12.6.4 Key Developments
12.6.5 Swot Analysis
12.6.6 Key Strategies
12.7 Akzonobel N.V.
12.7.1 Company Overview
12.7.2 Financial Overview
12.7.3 Products Offered
12.7.4 Key Developments
12.7.5 Swot Analysis
12.7.6 Key Strategies
12.8 Asian Paints Ppg Pvt.
12.8.1 Company Overview
12.8.2 Financial Overview
12.8.3 Products Offered
12.8.4 Key Developments
12.8.5 Swot Analysis
12.8.6 Key Strategies
12.9 Berger Paints India Limited
12.9.1 Company Overview
12.9.2 Financial Overview
12.9.3 Products Offered
12.9.4 Key Developments
12.9.5 Swot Analysis
12.9.6 Key Strategies
12.10 Tci Powder Coatings
12.10.1 Company Overview
12.10.2 Financial Overview
12.10.3 Products Offered
12.10.4 Key Developments
12.10.5 Swot Analysis
12.10.6 Key Strategies
List Of Tables
Table 1 Market Synopsis
Table 2 List Of Assumptions
Table 3 Pricing Analysis (Usd/Ton)
Table 4 Global Powder Coatings Market, By Substrate, 2019–2030 (Usd Million)
Table 5 Global Powder Coatings Market, By Substrate, 2019–2030 (Kilo Tons)
Table 6 Global Powder Coatings, By Resin Type, 2019–2030 (Usd Million)
Table 7 Global Powder Coatings Market, By Resin Type, 2019–2030 (Kilo Tons)
Table 8 Global Powder Coatings, By Coating Method, 2019–2030 (Usd Million)
Table 9 Global Powder Coatings Market, By Coating Method, 2019–2030 (Kilo Tons)
Table 10 Global Powder Coatings Market, By Application, 2019–2030 (Usd Million)
Table 11 Global Powder Coatings Market, By Application, 2019–2030 (Kilo Tons)
Table 12 Global Powder Coatings Market, By Region, 2019–2030 (Usd Million)
Table 13 Global Powder Coatings Market, By Region, 2019–2030 (Kilo Tons)
Table 14 North America Powder Coatings Market, By Country, 2019–2030 (Usd Million)
Table 15 North America Powder Coatingsmarket, By Country, 2019–2030 (Kilo Tons)
Table 16 North America Powder Coatings Market, By Substrate, 2019–2030 (Usd Million)
Table 17 North America Powder Coatings Market, By Substrate, 2019–2030 (Kilo Tons)
Table 18 North America Powder Coatings Market, By Resin Type, 2019–2030 (Usd Million)
Table 19 North America Powder Coatings Market, By Resin Type, 2019–2030 (Kilo Tons)
Table 20 North America Powder Coatings Market, By Coating Method, 2019–2030 (Usd Million)
Table 21 North America Powder Coatings Market, By Coating Method, 2019–2030 (Kilo Tons)
Table 22 North America Powder Coatings Market, By Application, 2019–2030 (Usd Million)
Table 23 North America Powder Coatings Market, By Application, 2019–2030 (Kilo Tons)
Table 24 Us Powder Coatings Market, By Substrate, 2019–2030 (Usd Million)
Table 25 Us Powder Coatings Market, By Substrate, 2019–2030 (Kilo Tons)
Table 26 Us Powder Coatings Market, By Resin Type, 2019–2030 (Usd Million)
Table 27 Us Powder Coatings Market, By Coating Method, 2019–2030 (Usd Million)
Table 28 Us Powder Coatings Market, By Coating Method, 2019–2030 (Kilo Tons)
Table 29 Us Powder Coatings Market, By Application, 2019–2030 (Usd Million)
Table 30 Us Powder Coatings Market, By Application, 2019–2030 (Kilo Tons)