Powder Coatings Market

Powder Coatings Market by End-users (Industrial, Automotive, Architecture & Decorative, and Others), Resin Types (Polyurethane, Polyester, Acrylic, Epoxy, Epoxy-Polyester, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-4035
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 212
  • Format:
  • Pub. Date: Upcoming
  • Share:

The global powder coatings market size was valued at USD 10.58 billion in 2020 and is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the growing number of consumer goods companies globally.

Powder Coatings Market summary

Powder coating is a form of dry coating, which is applied as a free-flowing powder. It is regarded as a clean, safe, long-lasting, and powerful alternative to liquid-based coatings with superior performance qualities. It has a high recyclable content, better durability, and abrasion resistance. This type of coating is available in a wide range of colors and textures and is widely used in the industrial, architectural, automotive, and other fields.

The COVID-19 outbreak has brought negative impact on the powder coatings market due to emergency restrictions and lockdowns by respective regulatory bodies across countries, which resulted in disruption in demand and supply chain globally. The market is expected to recover soon as gradual lifting of emergency lockdown by governments across the globe.

Market Trends, Drivers, Restraints, and Opportunities

  • Wide application of the coatings in the healthcare sector and rising demand for medical devices globally are expected to boost the market in the coming years.
  • Growing need for powder coatings in various end-use industries including automotive and industrial sectors is a key factor driving the market.
  • Higher energy consumption associated with the use of coatings is anticipated to hinder the market expansion during the projected period.
  • Slowdown in automotive production presents a major challenge due to the COVID pandemic. This is anticipated to hamper the market growth in the projected period.
  • Increasing investments in the infrastructure and construction industry is projected to create significant growth opportunities for the market in the near future.

Scope of the Report

The report on the global powder coatings market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Powder Coatings Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

End-users (Industrial, Automotive, Architecture & Decorative, and Others) and Resin Types (Polyurethane, Polyester, Acrylic, Epoxy, Epoxy-Polyester, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Jotun; PPG Industries, Inc.; The Sherwin-Williams Company; Axalta Coating Systems, Ltd.; and Akzo Nobel N.V.

Market Segment Insights

Architecture & decorative segment to grow at a rapid pace

Based on end-users, the global powder coatings market is divided into industrial, automotive, architecture & decorative, and others. The architecture & decorative segment is expected to grow at a rapid pace during the forecast period owing to the durability provided by powder coatings. However, the industrial segment is anticipated to hold a key share of the market in the coming years due to its wide application across the sector.

Powder Coatings Market end-users

Polyester segment to expand at a considerable CAGR

On the basis of resin types, the market is segregated into polyurethane, polyester, acrylic, epoxy, epoxy-polyester, and others. The polyester segment is projected to expand at a considerable CAGR during the forecast period attributed to its advantageous properties such as temperature resistance, chemical resistance, abrasion resistance, quick-drying, and surface protection. On the other hand, the epoxy-polyester segment is anticipated to account for a major market share during the forecast period due to certain advantages such as weather ability, flexibility, toughness, and low cost as compared to other coatings.

Asia Pacific to constitute a key market share

In terms of regions, the global powder coatings market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period owing to favorable government regulations with an objective to generate investments across the region. However, the market of Europe is anticipated to expand at a rapid pace during the forecast period attributed to the surging automobile production in the region.

Powder Coatings Market regions

Segments

Segments Covered in the Report
The global powder coatings market has been segmented on the basis of
End-users

  • Industrial
  • Automotive
  • Architecture & Decorative
  • Others

Resin Types

  • Polyurethane
  • Polyester
  • Acrylic
  • Epoxy
  • Epoxy-Polyester
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

 

Competitive Landscape

Key players competing in the global powder coatings market are Jotun; PPG Industries, Inc.; The Sherwin-Williams Company; Axalta Coating Systems, Ltd.; and Akzo Nobel N.V. As part of their efforts to expand their client base and acquire a competitive advantage over competitors, manufacturers operating in the market have adopted various strategic initiatives such as partnerships, collaborations, and mergers & acquisitions. Moreover, companies are focusing on investment in R&D for development and launching of new products to maintain their competitive positions in the market.

For instance, in March 2020, PPG Industries, Inc. acquired a maker of heat-sensitive substrates and powder coatings for light industrial applications, Alpha Coating Technologies, LLC. In February 2020, Akzo Nobel N.V. absorbed Stahl Performance Powder Coatings along with its line of products targeting heat-sensitive applications. The UV and thermally curing powders included in the transaction would allow the company to expand its reach into the ultra-low cure sector.

Powder Coatings Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. 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. 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. Powder Coatings Market - Supply Chain
  4.5. Global Powder Coatings Market Forecast
     4.5.1. Powder Coatings Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Powder Coatings Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Powder Coatings Market Absolute $ Opportunity
5. Global Powder Coatings Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Powder Coatings Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Powder Coatings Demand Share Forecast, 2019-2026
6. North America Powder Coatings Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Powder Coatings Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Powder Coatings Demand Share Forecast, 2019-2026
7. Latin America 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
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Powder Coatings Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Powder Coatings Demand Share Forecast, 2019-2026
8. Europe 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. Europe Average Pricing Analysis
  8.2. Europe Powder Coatings Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Powder Coatings Demand Share Forecast, 2019-2026
9. Asia Pacific 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. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Powder Coatings Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Powder Coatings Demand Share Forecast, 2019-2026
10. Middle East & Africa 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. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Powder Coatings Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Powder Coatings Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Powder Coatings Market: Market Share Analysis
  11.2. Powder Coatings Distributors and Customers
  11.3. Powder Coatings Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Segments Covered in the Report
The global powder coatings market has been segmented on the basis of
End-users

  • Industrial
  • Automotive
  • Architecture & Decorative
  • Others

Resin Types

  • Polyurethane
  • Polyester
  • Acrylic
  • Epoxy
  • Epoxy-Polyester
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

 

Key players competing in the global powder coatings market are Jotun; PPG Industries, Inc.; The Sherwin-Williams Company; Axalta Coating Systems, Ltd.; and Akzo Nobel N.V. As part of their efforts to expand their client base and acquire a competitive advantage over competitors, manufacturers operating in the market have adopted various strategic initiatives such as partnerships, collaborations, and mergers & acquisitions. Moreover, companies are focusing on investment in R&D for development and launching of new products to maintain their competitive positions in the market.

For instance, in March 2020, PPG Industries, Inc. acquired a maker of heat-sensitive substrates and powder coatings for light industrial applications, Alpha Coating Technologies, LLC. In February 2020, Akzo Nobel N.V. absorbed Stahl Performance Powder Coatings along with its line of products targeting heat-sensitive applications. The UV and thermally curing powders included in the transaction would allow the company to expand its reach into the ultra-low cure sector.

Powder Coatings Market keyplayers

Buy Report