Global Powder Coatings Market , 2024-2030

Powder coating is similar to a conventional painting method, the powder coating method involves usage of a dry powder which is composed of resins and pigments. Unlike conventional liquid paint which is delivered via an evaporating solvent, powder coating is typically applied electrostatically and then cured under heat. Powder coatings are available in an almost limitless range of colors and textures. As per the powder coating institute due to advance technology inpainting it brings with excellent properties. Powder coatings have a high utilization (99%) of material and any overspray can be recycled, minimizing waste. Powder coatings are sustainable, clean, safe, have excellent performance characteristics and offer significant cost benefits compared to alternative coatings. powder coatings offer low cost-of-entry to the market, low PPE requirements, do not use solvent for clean-up and have minimal impact on the environment.

The powder may be a thermoplastic or a thermoset polymer. It is usually used to create a hard finish that is tougher than conventional paint. Thermoplastic comprise nylon, PVC, polyolefin, ABS, and polycarbonate coatings while thermoset comprise of coatings made of epoxy, polyester, polyurethane, and acrylic coatings. As per Powder Coatings Institute Powder coatings represent more than 15 percent of the total industrial finishing market. Powder coating process on the other hand is extremely environment-friendly as it does not release any Volatile Organic Compounds (VOC) into the atmosphere. The powders used are also free from any hazardous air pollutants.

The global power coating market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global powder coating market is growing at a fast pace and increasing its geographical footprint rapidly. The global powder coating market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.

The growth is comparatively higher in Asia Pacific region due powder material manufacturers increases in the region. The major growth driver for powder coating market globally is increasing the automotive and appliances industries, in addition encouraging industries to use powder coatings process actively in their general metal finishing activities. The carbon footprint offered by powder coatings method is almost negligible as compared to paints that contain toxic solvents.

Volatility in raw material prices affects the powder coating raw material pricing, which may major impediments to the expansion of global powder coating market.

Powder coating enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of powder coating market globally. The companies that lead global Powder coating market are AkzoNobel NV, PPG Industries Inc., Jotun Powder Coating, Axalta coating systems LLC, Asian Paints Limited, The Sherwin -Williams Company, and Kansai Paints Company Ltd.

Research Methodology

The research process includes the market segmentation of the global powder coating market, identifying the growth determinants of every market segment and market forecasts. All the market forecasts are done in accordance with the inputs taken from the global powder coating market industry experts from across the global industry. Company conducts more than 40 interview hours dedicated for this study, the same are mentioned below:

By company type:

Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (30%), Asia (45%), Europe (25%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global powder coating industry dynamics
• Estimation of the present global powder coating market size in terms of value and volume
• Global powder coating market breakup based on type and application
• Verified global powder coating market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global powder coating industry value chain.