![Powder Coating Market Size, Industry Analysis By Resin Type (Thermoset [Epoxy Polyester Hybrid, Polyester, Epoxy, Polyurethane, Acrylic and Others] and Thermoplastic [Polyvinyl Chloride (PVC), Nylon, Polyolefin, and Polyvinyl Fluoride (PVF)]), 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) – Global, Trends, Share And Forecast 2023-2030](https://www.infinitivedataexpert.com/assets/img/infinitive-Report-Cover.png)
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At a predicted CAGR of 8.2% during the forecast period, the market for powder coatings is expected to increase in size from USD 12.1 billion in 2022 to USD 18.8 billion by 2030.
The use of powder coating as a dry finishing technique provides a number of benefits, including a strong resistance to coating quality degradation, which lowers the risk of scratches, corrosion, chipping, fading, and other wear-related problems. The finely ground pigment and resin particles used in this powder coating are electrostatically charged before being sprayed on the grounded parts. Consumer goods, IT, telecom, and retail have all experienced significant growth in the growing economies of the Asia Pacific and MEA areas. This growth has increased product demand. In the near future, it is anticipated that the rising number of consumer products firms in China, Singapore, and India will accelerate market growth. Compared to other coatings, powder coatings have many benefits, including uniform thickness, cheap operating costs, instant availability, minimal VOC emission, and outstanding appearance. Furthermore, they are relatively simple to cover in large layers, producing a smooth, homogeneous appearance.
Over the course of the projected period, developing countries like India, China, Brazil, and Mexico may expect a significant increase in the manufacturing of autos and a boom in the demand for medical products. Additionally, a high product adoption rate in the furniture industry due to its superior performance, low operating costs, availability of colours, and unique qualities like anti-corrosion and anti-bacterial functions would propel market expansion.
The lockdowns and supply chain disruptions caused by the COVID-19 outbreak have had a significant impact on the world market for powder coatings. The coronavirus infected people and spread over the world. Most emerging nations are enacting lockdowns and strong regulations to maintain social distance by limiting public spaces like restaurants, theatres, and campuses and restricting travel in an effort to stop the virus' spread. OICA (Organisation Internationale des Constructeurs d'Automobiles) reports that 77.62 million automobiles were produced in 2020, a 16% decrease from 2019.
Most powder coating processes use thermoset materials because they can produce a tough and attractive top layer. The majority of thermoset granules have a molecular weight that is higher than liquid coatings but lower than thermoplastic materials. Thermosets are solid resins that, when heated, melt, flow, and can crosslink with other reactive materials to form compounds with higher molecular weights. A thermoset coating cannot be made into a liquid again by additional heating since it becomes thermally solid after hardening. In a powder coating machine, the more brittle thermoset resins can be reduced to a very fine powder, which can subsequently be turned into a very thin, paint-like layer. This layer resembles liquid-based coatings in terms of molecular makeup and physical properties. Additionally, improvements in thermoset technology have continuously expanded the flexibility of this material category, enabling greater customisation options. Today, it is possible to chemically modify many popular thermoset materials to give them the desired qualities for a specific use.
Because of a decrease in the use of volatile organic compounds (VOCs), the industry is growing quickly. Because these coatings don't contain any volatile organic compounds (VOCs), they are safe to store and handle and have a low fire risk. Chemicals called VOCs, which vaporise at room temperature, are the main contributors to ground-level air pollution. When nitrogen oxides and VOCs combine to generate smog, it can irritate the eyes, nose, throat, and cause headaches, memory loss, visual impairment, and even cancer in people.
The manufacturing of these coatings is rising as manufacturers become more conscious of the need to reduce pollution. The amount of solvent and VOCs that manufacturers can emit into the air is typically regulated by permits and severe environmental laws. Manufacturers who violate the rules governing the content of VOCs must pay fines and penalties. These coatings provide a substitute that complies with rules and regulations while minimising the amount of air pollution management. Petroleum solvents are not used in the production of these coatings, thus they do not release VOCs that are bad for the environment. The market is anticipated to grow as a result of these coatings' compliance with environmental laws.
There is no liquid carrier present in these coatings. It can deliver thicker coatings in this way compared to traditional liquid coatings. Applying thick, texture-free coatings is reasonably easy; applying smooth, thin films is less so. Due to the molecule size and glass transition temperature (Tg) of these coatings, the film surface becomes more and more orange stripped as the film thickness decreases. The particle size range for powder coating is between 30 and 50 m, and its Tg is greater than 40 C. By utilising these coatings, film fabrications larger than 50 m may be necessary to obtain a film that is sufficiently smooth. These coatings under 30 m or with a Tg 40 °C are used in specialised activities to create smooth thin films. As a result, it is challenging to produce thin films using this coating, which is expected to restrain market growth over the forecast period.
Report Coverage
Global Powder Coating research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Powder Coating report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Powder Coating competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Powder Coating market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Powder Coating market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Powder Coating market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
The Sherwin-Williams Company (US), PPG Industries, Inc. (US), Valspar Industrial (US), Asian Paints Limited (India), Akzo Nobel NV (Netherlands), Koninklijke DSM NV (Netherlands), DuPont (US), Arkema SA (France), Evonik Industries AG (Germany), Kansai Paint Co., Ltd (Japan), TCI Powder (US), and Axalta Coating Systems (US)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Powder Coating market based on the below-mentioned segments:
Global Powder Coating Market, By Substrate
Metal
Non-Metal
Global Powder Coating market, By Resin Type
Thermoset
Thermoplastics
Global Powder Coating Market, By Coating Method
Electrostatic Spray Coating
Fluidized Bed Coating
Electrostatic Fluidized Bed Process
Flame Spraying
Global Powder Coating market, Regional Analysis
The use of powder coating as a dry finishing technique provides a number of benefits, including a strong resistance to coating quality degradation, which lowers the risk of scratches, corrosion, chipping, fading, and other wear-related problems. The finely ground pigment and resin particles used in this powder coating are electrostatically charged before being sprayed on the grounded parts. Consumer goods, IT, telecom, and retail have all experienced significant growth in the growing economies of the Asia Pacific and MEA areas. This growth has increased product demand. In the near future, it is anticipated that the rising number of consumer products firms in China, Singapore, and India will accelerate market growth. Compared to other coatings, powder coatings have many benefits, including uniform thickness, cheap operating costs, instant availability, minimal VOC emission, and outstanding appearance. Furthermore, they are relatively simple to cover in large layers, producing a smooth, homogeneous appearance.
Over the course of the projected period, developing countries like India, China, Brazil, and Mexico may expect a significant increase in the manufacturing of autos and a boom in the demand for medical products. Additionally, a high product adoption rate in the furniture industry due to its superior performance, low operating costs, availability of colours, and unique qualities like anti-corrosion and anti-bacterial functions would propel market expansion.
The lockdowns and supply chain disruptions caused by the COVID-19 outbreak have had a significant impact on the world market for powder coatings. The coronavirus infected people and spread over the world. Most emerging nations are enacting lockdowns and strong regulations to maintain social distance by limiting public spaces like restaurants, theatres, and campuses and restricting travel in an effort to stop the virus' spread. OICA (Organisation Internationale des Constructeurs d'Automobiles) reports that 77.62 million automobiles were produced in 2020, a 16% decrease from 2019.
Most powder coating processes use thermoset materials because they can produce a tough and attractive top layer. The majority of thermoset granules have a molecular weight that is higher than liquid coatings but lower than thermoplastic materials. Thermosets are solid resins that, when heated, melt, flow, and can crosslink with other reactive materials to form compounds with higher molecular weights. A thermoset coating cannot be made into a liquid again by additional heating since it becomes thermally solid after hardening. In a powder coating machine, the more brittle thermoset resins can be reduced to a very fine powder, which can subsequently be turned into a very thin, paint-like layer. This layer resembles liquid-based coatings in terms of molecular makeup and physical properties. Additionally, improvements in thermoset technology have continuously expanded the flexibility of this material category, enabling greater customisation options. Today, it is possible to chemically modify many popular thermoset materials to give them the desired qualities for a specific use.
Because of a decrease in the use of volatile organic compounds (VOCs), the industry is growing quickly. Because these coatings don't contain any volatile organic compounds (VOCs), they are safe to store and handle and have a low fire risk. Chemicals called VOCs, which vaporise at room temperature, are the main contributors to ground-level air pollution. When nitrogen oxides and VOCs combine to generate smog, it can irritate the eyes, nose, throat, and cause headaches, memory loss, visual impairment, and even cancer in people.
The manufacturing of these coatings is rising as manufacturers become more conscious of the need to reduce pollution. The amount of solvent and VOCs that manufacturers can emit into the air is typically regulated by permits and severe environmental laws. Manufacturers who violate the rules governing the content of VOCs must pay fines and penalties. These coatings provide a substitute that complies with rules and regulations while minimising the amount of air pollution management. Petroleum solvents are not used in the production of these coatings, thus they do not release VOCs that are bad for the environment. The market is anticipated to grow as a result of these coatings' compliance with environmental laws.
There is no liquid carrier present in these coatings. It can deliver thicker coatings in this way compared to traditional liquid coatings. Applying thick, texture-free coatings is reasonably easy; applying smooth, thin films is less so. Due to the molecule size and glass transition temperature (Tg) of these coatings, the film surface becomes more and more orange stripped as the film thickness decreases. The particle size range for powder coating is between 30 and 50 m, and its Tg is greater than 40 C. By utilising these coatings, film fabrications larger than 50 m may be necessary to obtain a film that is sufficiently smooth. These coatings under 30 m or with a Tg 40 °C are used in specialised activities to create smooth thin films. As a result, it is challenging to produce thin films using this coating, which is expected to restrain market growth over the forecast period.
Report Coverage
Global Powder Coating research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Powder Coating report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Powder Coating competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Powder Coating market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | The Sherwin-Williams Company (US), PPG Industries, Inc. (US), Valspar Industrial (US), Asian Paints Limited (India), Akzo Nobel NV (Netherlands), Koninklijke DSM NV (Netherlands), DuPont (US), Arkema SA (France), Evonik Industries AG (Germany), Kansai Paint Co., Ltd (Japan), TCI Powder (US), and Axalta Coating Systems (US) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Powder Coating Market from 2021 to 2030.
- Market Forecast for Powder Coating Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Powder Coating competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Powder Coating
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Powder Coating market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Powder Coating market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
The Sherwin-Williams Company (US), PPG Industries, Inc. (US), Valspar Industrial (US), Asian Paints Limited (India), Akzo Nobel NV (Netherlands), Koninklijke DSM NV (Netherlands), DuPont (US), Arkema SA (France), Evonik Industries AG (Germany), Kansai Paint Co., Ltd (Japan), TCI Powder (US), and Axalta Coating Systems (US)
Primary Target Market
- Market Players of Powder Coating
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Powder Coating market based on the below-mentioned segments:
Global Powder Coating Market, By Substrate
Metal
Non-Metal
Global Powder Coating market, By Resin Type
Thermoset
Thermoplastics
Global Powder Coating Market, By Coating Method
Electrostatic Spray Coating
Fluidized Bed Coating
Electrostatic Fluidized Bed Process
Flame Spraying
Global Powder Coating market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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