PUBLISHER: IMARC | PRODUCT CODE: 1347605
PUBLISHER: IMARC | PRODUCT CODE: 1347605
Powder Coating Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global powder coating market size reached US$ 14.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.6% during 2023-2028.
Powder coating refers to a high-quality, dry finishing technique wherein fine particles of paints are electro-statically charged and sprayed on various components to form a uniform layer of coat. It involves pre-mixing, melting, extrusion, cooling, crushing, classifying, and controlling epoxy, polyester resins, pigments, and brightening agents as some of the steps followed in the manufacturing process. Powder coating aids in ensuring a polished finishing of different items, maintaining the gloss of product, and protecting machinery from corrosion, scratches, fading, and chipping. Apart from this, powder coating is cost-effective and eco-friendly in nature, due to which it is extensively used for coating non-metallic substrates and household goods. At present, it is commercially available in thermoset, thermoplastic and polyvinylidene fluoride (PVDF) resin types.
Powder Coating Market Trends:
The widespread adoption of powder coating across various industrial verticals can be attributed to the increasing need for effective, non-volatile organic compounds and solvent-free coating formulations. This, in turn, represents a key factor driving the market growth. In line with this, the rising environmental concerns have prompted governments of various countries to undertake green initiatives promoting the uptake of eco-friendly coating substances, such as powder coating, to minimize the instances of fire hazards, which is supporting the market growth. Additionally, the ongoing construction activities and the continuous establishment of several commercial and residential buildings have further supplemented the deployment of powder coating for polishing or refinishing furniture and consumer electronics, such as refrigerators and door handles, which is acting as another growth-inducing factor. Besides this, the increasing utilization of powder coating in the automotive industry for glazing wheel rims, structural components, radiator grills, bumpers, and horns are also propelling the market growth. Other factors, such as strategic collaborations amongst key players and extensive investments in research and development (R&D) activities to introduce high performance, anti-bacterial powder coating, are contributing to the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global powder coating market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on resin type, coating method and application.
Breakup by Resin Type:
Thermoset
Epoxy
Polyester
Epoxy Polyester Hybrid
Acrylic
Thermoplastic
Polyvinyl Chloride (PVC)
Nylon
Polyolefin
Polyvinylidene Fluoride (PVDF)
Breakup by Coating Method:
Electrostatic Spray
Fluidized Bed
Breakup by Application:
Consumer Goods
Appliances
Automotive
Architectural
Agriculture, Construction and Earthmoving Equipment (ACE)
General Industries
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Akzo Nobel N.V., Axalta Coating Systems Ltd., BASF SE, Berger Paints India Limited, Covestro AG, Evonik Industries AG, Jotun A/S, Kansai Paint Co. Ltd., KCC Corporation, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., SOMAR Corporation and The Sherwin-Williams Company.
Key Questions Answered in This Report:
- How has the global powder coating market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global powder coating market?
- What are the key regional markets?
- What is the breakup of the market based on the resin type?
- What is the breakup of the market based on the coating method?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global powder coating market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Powder Coating Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Resin Type
- 6.1 Thermoset
- 6.1.1 Market Trends
- 6.1.2 Key Segments
- 6.1.2.1 Epoxy
- 6.1.2.2 Polyester
- 6.1.2.3 Epoxy Polyester Hybrid
- 6.1.2.4 Acrylic
- 6.1.3 Market Forecast
- 6.2 Thermoplastic
- 6.2.1 Market Trends
- 6.2.2 Key Segments
- 6.2.2.1 Polyvinyl Chloride (PVC)
- 6.2.2.2 Nylon
- 6.2.2.3 Polyolefin
- 6.2.2.4 Polyvinylidene Fluoride (PVDF)
- 6.2.3 Market Forecast
7 Market Breakup by Coating Method
- 7.1 Electrostatic Spray
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Fluidized Bed
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Application
- 8.1 Consumer Goods
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Appliances
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Automotive
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Architectural
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Agriculture, Construction and Earthmoving Equipment (ACE)
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 General Industries
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
- 8.7 Others
- 8.7.1 Market Trends
- 8.7.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Akzo Nobel N.V.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Axalta Coating Systems Ltd.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 BASF SE
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Berger Paints India Limited
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Covestro AG
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Evonik Industries AG
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Jotun A/S
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 SWOT Analysis
- 14.3.8 Kansai Paint Co. Ltd.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 KCC Corporation
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.10 Nippon Paint Holdings Co. Ltd.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 PPG Industries Inc.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 RPM International Inc.
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.12.4 SWOT Analysis
- 14.3.13 SOMAR Corporation
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio
- 14.3.13.3 Financials
- 14.3.14 The Sherwin-Williams Company
- 14.3.14.1 Company Overview
- 14.3.14.2 Product Portfolio
- 14.3.14.3 Financials
- 14.3.14.4 SWOT Analysis
- 14.3.1 Akzo Nobel N.V.
List of Figures
- Figure 1: Global: Powder Coating Market: Major Drivers and Challenges
- Figure 2: Global: Powder Coating Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Powder Coating Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Powder Coating Market: Breakup by Resin Type (in %), 2022
- Figure 5: Global: Powder Coating Market: Breakup by Coating Method (in %), 2022
- Figure 6: Global: Powder Coating Market: Breakup by Application (in %), 2022
- Figure 7: Global: Powder Coating Market: Breakup by Region (in %), 2022
- Figure 8: Global: Powder Coating (Thermoset) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Powder Coating (Thermoset) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Powder Coating (Thermoplastic) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Powder Coating (Thermoplastic) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Powder Coating (Electrostatic Spray) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Powder Coating (Electrostatic Spray) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Powder Coating (Fluidized Bed) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Powder Coating (Fluidized Bed) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Powder Coating (Consumer Goods) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Powder Coating (Consumer Goods) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Powder Coating (Appliances) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Powder Coating (Appliances) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Powder Coating (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Powder Coating (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Powder Coating (Architectural) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Powder Coating (Architectural) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Powder Coating (Agriculture, Construction and Earthmoving Equipment (ACE)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Powder Coating (Agriculture, Construction and Earthmoving Equipment (ACE)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Powder Coating (General Industries) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Powder Coating (General Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Powder Coating (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Powder Coating (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: North America: Powder Coating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: North America: Powder Coating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: United States: Powder Coating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: United States: Powder Coating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Canada: Powder Coating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Canada: Powder Coating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Asia-Pacific: Powder Coating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Asia-Pacific: Powder Coating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: China: Powder Coating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: China: Powder Coating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Japan: Powder Coating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Japan: Powder Coating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: India: Powder Coating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: India: Powder Coating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: South Korea: Powder Coating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: South Korea: Powder Coating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Australia: Powder Coating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Australia: Powder Coating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Indonesia: Powder Coating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Indonesia: Powder Coating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Others: Powder Coating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Others: Powder Coating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Europe: Powder Coating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Europe: Powder Coating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Germany: Powder Coating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Germany: Powder Coating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: France: Powder Coating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: France: Powder Coating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: United Kingdom: Powder Coating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: United Kingdom: Powder Coating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Italy: Powder Coating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Italy: Powder Coating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Spain: Powder Coating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Spain: Powder Coating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Russia: Powder Coating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Russia: Powder Coating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Others: Powder Coating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Others: Powder Coating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Latin America: Powder Coating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Latin America: Powder Coating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Brazil: Powder Coating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Brazil: Powder Coating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Mexico: Powder Coating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Mexico: Powder Coating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Others: Powder Coating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Others: Powder Coating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Middle East and Africa: Powder Coating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Middle East and Africa: Powder Coating Market: Breakup by Country (in %), 2022
- Figure 78: Middle East and Africa: Powder Coating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Global: Powder Coating Industry: SWOT Analysis
- Figure 80: Global: Powder Coating Industry: Value Chain Analysis
- Figure 81: Global: Powder Coating Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Powder Coating Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Powder Coating Market Forecast: Breakup by Resin Type (in Million US$), 2023-2028
- Table 3: Global: Powder Coating Market Forecast: Breakup by Coating Method (in Million US$), 2023-2028
- Table 4: Global: Powder Coating Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Powder Coating Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Powder Coating Market: Competitive Structure
- Table 7: Global: Powder Coating Market: Key Players
