Epoxy Powder Coatings Market by Coating Types [Protective Coatings and Other Coating Types], End-users [Buildings and Constructions, Aerospace, Automotive, Marine, Oil and Gas, and Energy], and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The epoxy powder coatings market is anticipated to expand at significant CAGR during forecast period 2021–2028. Growth of the market is attributed to increasing population, unhealthy lifestyles, increasing application of powder coatings, and growing demand for automotive industry.
The epoxy powder coatings are used in enterprises such as electronics, automotive, architectural, general industries, and furniture. The powder coatings made from epoxy are long lasting, durable, and tough coating for metals. Good resistance and hardness to abrasions and impact improves the quality of products over liquid coatings.
The Covid-19 pandemic affected the demand and supply of epoxy powder coatings market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Rising demand for buildings and construction sector is projected to boost the market in the coming years.
- High per-capital income and increasing population is the major factor fueling the market.
- Increase in price of chemicals is anticipated to restrict market growth.
- High cost of the products and increased raw material prices is projected to hamper the market expansion.
- R&D investment and technological advancement in epoxy powder coatings is projected to create lucrative opportunities for the market players.
Scope of the Report
The report on the epoxy powder coatings market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report
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Attributes |
Details |
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Report Title |
Epoxy Powder Coatings Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018-2019 |
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Forecast Period |
2021-2028 |
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Segmentation |
Coating Types [Protective Coatings and Other Coating Types] and End-users [Buildings and Constructions, Aerospace, Automotive, Marine, Oil and Gas, and Energy] |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players covered in the Report |
The Sherwin-Williams Company, IFS Coatings, PPG Industries, Inc., Arekema S.A., Akzo Nobel N.V., 3M, OK Color, Tulip Paints, Jotun A/S, The Powder Coating Institute, HMG Powder Coatings Limited, THOMAS HOWSE LIMITED, Zhejiang Huacai Advanced Material Co., LTD., and Thermaset Ltd |
Market Segment Insights
The buildings and construction segment accounts for key share of the market and expected to grow at a rapid pace
Based on end-users, the epoxy powder coatings market is segregated into buildings and construction, aerospace, automotive, marine, oil and gas, and energy. The buildings and construction segment accounts for a key share of the market. The growth of the market is attributed to growing population, rising disposable income, and increasing urbanization. However, the automotive segment is anticipated to expand at a rapid pace during the forecast period due to factors such as improved standard of living and excellent performance of epoxy powder coatings.
The protective coating segment is projected to expand at a rapid pace
On the basis of coating types, the epoxy powder coatings market is segmented in to protective coatings and other coatings types. The protective coating is majorly used for coating of drum hardware, bicycles frames, automobiles, and aluminum extrusion. A protective coating can be sprayed, painted, welded, and even plated onto a material. The main objective of protective coatings is to prevent the material from corrosion and rusting. There are many protective products in the market, but epoxy coating is the customer’s choice in many critical enterprise coating operations. The epoxy coatings were made for heavy-duty service on metal like iron and steel.
The market in Asia Pacific is projected to dominate the market
On the basis of region, the epoxy powder coatings market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is projected to hold a major market share during the forecast period due to factors such as excellent performance of epoxy powder coatings, high disposable income, and rising buildings and construction sector. The market in North America is anticipated to expand at high CAGR during forecast period due to factors such as growing demand for automotive enterprises, increase in urbanization, and increase in application of epoxy powder coatings.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Epoxy Powder Coatings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Epoxy Powder Coatings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Epoxy Powder Coatings Market - Supply Chain
4.5. Global Epoxy Powder Coatings Market Forecast
4.5.1. Epoxy Powder Coatings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Epoxy Powder Coatings Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Epoxy Powder Coatings Market Absolute $ Opportunity
5. Global Epoxy Powder Coatings Market Analysis and Forecast by End Users
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by End Users
5.2.2. Y-o-Y Growth Projections by End Users
5.3. Epoxy Powder Coatings Market Size and Volume Forecast by End Users
5.3.1. Buildings and Constructions
5.3.2. Aerospace
5.3.3. Automotive
5.3.4. Marine
5.3.5. Oil and Gas
5.3.6. Energy
5.4. Absolute $ Opportunity Assessment by End Users
5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Epoxy Powder Coatings Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Epoxy Powder Coatings Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Epoxy Powder Coatings Demand Share Forecast, 2019-2026
7. North America Epoxy Powder Coatings Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Epoxy Powder Coatings Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Epoxy Powder Coatings Market Size and Volume Forecast by End Users
7.4.1. Buildings and Constructions
7.4.2. Aerospace
7.4.3. Automotive
7.4.4. Marine
7.4.5. Oil and Gas
7.4.6. Energy
7.5. Basis Point Share (BPS) Analysis by End Users
7.6. Y-o-Y Growth Projections by End Users
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Epoxy Powder Coatings Demand Share Forecast, 2019-2026
8. Latin America Epoxy Powder Coatings Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Epoxy Powder Coatings Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Epoxy Powder Coatings Market Size and Volume Forecast by End Users
8.4.1. Buildings and Constructions
8.4.2. Aerospace
8.4.3. Automotive
8.4.4. Marine
8.4.5. Oil and Gas
8.4.6. Energy
8.5. Basis Point Share (BPS) Analysis by End Users
8.6. Y-o-Y Growth Projections by End Users
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Epoxy Powder Coatings Demand Share Forecast, 2019-2026
9. Europe Epoxy Powder Coatings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Epoxy Powder Coatings Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Epoxy Powder Coatings Market Size and Volume Forecast by End Users
9.4.1. Buildings and Constructions
9.4.2. Aerospace
9.4.3. Automotive
9.4.4. Marine
9.4.5. Oil and Gas
9.4.6. Energy
9.5. Basis Point Share (BPS) Analysis by End Users
9.6. Y-o-Y Growth Projections by End Users
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Epoxy Powder Coatings Demand Share Forecast, 2019-2026
10. Asia Pacific Epoxy Powder Coatings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Epoxy Powder Coatings Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Epoxy Powder Coatings Market Size and Volume Forecast by End Users
10.4.1. Buildings and Constructions
10.4.2. Aerospace
10.4.3. Automotive
10.4.4. Marine
10.4.5. Oil and Gas
10.4.6. Energy
10.5. Basis Point Share (BPS) Analysis by End Users
10.6. Y-o-Y Growth Projections by End Users
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Epoxy Powder Coatings Demand Share Forecast, 2019-2026
11. Middle East & Africa Epoxy Powder Coatings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Epoxy Powder Coatings Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Epoxy Powder Coatings Market Size and Volume Forecast by End Users
11.4.1. Buildings and Constructions
11.4.2. Aerospace
11.4.3. Automotive
11.4.4. Marine
11.4.5. Oil and Gas
11.4.6. Energy
11.5. Basis Point Share (BPS) Analysis by End Users
11.6. Y-o-Y Growth Projections by End Users
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Epoxy Powder Coatings Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Epoxy Powder Coatings Market: Market Share Analysis
12.2. Epoxy Powder Coatings Distributors and Customers
12.3. Epoxy Powder Coatings Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. The Sherwin-Williams Company
12.4.2. IFS Coatings
12.4.3. PPG Industries, Inc.
12.4.4. Arekema S.A.
12.4.5. Akzo Nobel N.V.