PUBLISHER: MarketsandMarkets | PRODUCT CODE: 2055595
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 2055595
The powder coatings market size was USD 16.30 billion in 2025 and is projected to reach USD 23.07 billion by 2031, at a CAGR of 5.96% between 2025 and 2031.
| Scope of the Report | |
|---|---|
| Years Considered for the Study | 2022-2031 |
| Base Year | 2024 |
| Forecast Period | 2025-2031 |
| Units Considered | Value (USD Million/Billion) and Volume (Kiloton) |
| Segments | Resin Type, End-use Industry, and Region |
| Regions covered | North America, Europe, Asia Pacific, the Middle East & Africa, and South America |
"Growing demand from the automotive industry is driving powder coatings market growth."
The growth in the powder coatings market is mainly driven by the rising automotive industry, as powder coatings are widely used to achieve high-quality, energy-efficient surface finishes. With their ability to withstand corrosion, impact, and environmental challenges, powder coatings are highly suitable for automotive applications. With an increasing preference among automotive companies to adopt sustainable, cost-effective coating technology, the demand for powder coatings is expected to rise significantly in the future.

"In 2024, the thermoset resin segment accounted for the largest value share in the powder coatings market."
Thermoset resin held the highest value share in the powder coatings market in 2024, owing to its excellent heat resistance, mechanical strength, and corrosion resistance. Its ability to create durable, permanent coating surfaces makes it highly preferred in automotive, construction, and industrial applications, thereby increasing market demand.
"Automotive was the third-largest end-use industry of powder coatings in 2024, in terms of value."
In 2024, the automotive industry emerged as the third-largest end-use industry for the powder coating market, owing to the growing shift towards durable, eco-friendly coating systems in vehicle manufacturing. The powder coatings offer excellent resistance to corrosion, scratches, and chemicals. Thus, these coatings are extensively used on automotive parts, including wheels, bumpers, and metal body components. Moreover, the increasing production of automobiles and the demand for high-performance surface finishes further boosted the use of powder coatings.
"North America accounted for the third-largest share in the global powder coatings market, in terms of value, in 2024."
North America represented the third-largest value share in the global powder coatings market in 2024, owing to robust demand from the automotive, construction, and industrial manufacturing industries. There has been an increasing trend toward eco-friendly coating systems, supported by stringent regulations on VOC emissions. Technological innovations and investments in durable, efficient coating systems contributed to market growth in North America.
The key players profiled in the report include The Sherwin-Williams Company (US), PPG Industries, Inc. (US), Akzo Nobel N.V. (Netherlands), Jotun (Norway), Asian Paints Limited (India), Kansai Paint Co., Ltd. (Japan), Nippon Paint Holding Co., Ltd. (Japan), RPM International, Inc. (US), Axalta Coating Systems Ltd. (US), and Protech Group (Canada).
Study Coverage
This report segments the market for powder coatings by resin type, end-use industry, and region, and provides estimates of value (USD Million) for the overall market across regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, and key strategies associated with the powder coatings market.
Reasons to Buy this Report
This research report is focused on various levels of analysis-industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the powder coatings market, high-growth regions, and market drivers, restraints, and opportunities.