Powder Coatings Market by Type, Coating Method, Application - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation

List of Tables

The Global Powder Coatings Market is forecasted to grow significantly, with a projected USD 14.76 billion in 2023 at a CAGR of 6.86% and expected to reach a staggering USD 23.57 billion by 2030.

The Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global Powder Coatings Market. The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.

Market Segmentation & Coverage:

This research report categorizes the Global Powder Coatings Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Thermoplastics, Thermosets, and UV Curable Powder Coatings. The Thermosets is further studied across Acrylic, EpoXy, Hybrid, Polyester, and Polyurethane. The Thermosets commanded largest market share of 32.45% in 2022, followed by Thermoplastics.

Based on Coating Method, market is studied across Electrostatic Spray Deposition (ESD) and Fluidized Bed. The Electrostatic Spray Deposition (ESD) commanded largest market share of 43.40% in 2022, followed by Fluidized Bed.

Based on Application, market is studied across Agriculture & Construction Equipments, Architectural, Automotive & Transportation, Electrical Components, and Home Appliance. The Automotive & Transportation commanded largest market share of 30.53% in 2022, followed by Architectural.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 36.56% in 2022, followed by Asia-Pacific.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Global Powder Coatings Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation

5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

6. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Powder Coatings Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Powder Coatings Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Powder Coatings Market?

4. What is the competitive strategic window for opportunities in the Global Powder Coatings Market?

5. What are the technology trends and regulatory frameworks in the Global Powder Coatings Market?

6. What is the market share of the leading vendors in the Global Powder Coatings Market?

7. What modes and strategic moves are considered suitable for entering the Global Powder Coatings Market?

Product Code: MRR-030EE48515AF

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Powder Coatings Market, by Type, 2022 vs 2030
4.3. Powder Coatings Market, by Coating Method, 2022 vs 2030
4.4. Powder Coatings Market, by Application, 2022 vs 2030
4.5. Powder Coatings Market, by Region, 2022 vs 2030

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing application of powder coating in automotive industry
  - 5.1.1.2. Rising adoption of powder coatings in consumer goods
  - 5.1.1.3. Increasing use of powder coating in thermoplastic and thermoset resin
- 5.1.2. Restraints
  - 5.1.2.1. Issues associated with the application method and curing requirement of powder coatings
- 5.1.3. Opportunities
  - 5.1.3.1. Emerging demand for high-performance fluorine resin based powder coating
  - 5.1.3.2. Potential use of powder coating in ship building and pipeline industries
- 5.1.4. Challenges
  - 5.1.4.1. Environmental issues owing to wastewater discharge
5.2. Market Trends
5.3. Cumulative Impact of COVID-19
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework
5.9. Client Customization

6. Powder Coatings Market, by Type

6.1. Introduction
6.2. Thermoplastics
6.3. Thermosets
- 6.3.1. Acrylic
- 6.3.2. EpoXy
- 6.3.3. Hybrid
- 6.3.4. Polyester
- 6.3.5. Polyurethane
6.4. UV Curable Powder Coatings

7. Powder Coatings Market, by Coating Method

7.1. Introduction
7.2. Electrostatic Spray Deposition (ESD)
7.3. Fluidized Bed

8. Powder Coatings Market, by Application

8.1. Introduction
8.2. Agriculture & Construction Equipments
8.3. Architectural
8.4. Automotive & Transportation
8.5. Electrical Components
8.6. Home Appliance

9. Americas Powder Coatings Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Powder Coatings Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Powder Coatings Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Merger & Acquisition
  - 12.3.1.1. Axalta completes acquisition of U-POL
  - 12.3.1.2. Belfast Firm acquires architectural powder coating specialist
  - 12.3.1.3. PPG completes acquisition of Arsonsisi's powder coatings manufacturing business
- 12.3.2. Agreement, Collaboration, & Partnership
  - 12.3.2.1. LG Chem supplies engineering plastics to Mitsubishi Motors for powder coating parts
- 12.3.3. New Product Launch & Enhancement
  - 12.3.3.1. IGP-DURA one 56 - a powder coating system for all needs
  - 12.3.3.2. AkzoNobel launches powder coatings to protect electrical components of EVs
  - 12.3.3.3. Evonik launches new additive for powder coatings
  - 12.3.3.4. PPG achieves industry first with launch of PPG ENVIROCRON LUM retroreflective powder coating
- 12.3.4. Investment & Funding
  - 12.3.4.1. Arkema doubles the capacity of its powder coating resins plant in India
  - 12.3.4.2. PPG invests $11 million to double powder coatings capacity in Mexico
- 12.3.5. Award, Recognition, & Expansion
  - 12.3.5.1. AkzoNobel launches stone effect powder coating collection in North America
  - 12.3.5.2. AkzoNobel powder coatings launches interpon ready to ship range to Chinese market

13. List of Company Mentioned

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing