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2019
Powder Coatings Market

Powder Coatings Market

by Resin Type (Thermoset and Thermoplastic), Coating Method (Electrostatic Spray and Fluidized Bed), and Application (Appliances, Automotive, Architectural, Furniture, Agriculture, Construction & Earthmoving Equipment (ACE), General Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026
Update Available On-Demand

Report Code: A01100
Pages: 120
Nov 2019 | 23335 Views
Author(s) : Shruti Hariharan , Eswara Prasad
Tables: 99
Charts: 68
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Powder Coatings Market Outlook - 2026

Powder Coatings Market size is expected to garner $15.0 billion by 2026, registering a CAGR of 5.4% during the forecast period 2019-2026.

Powder coatings in automotive application segment occupied the major share in 2018 and is expected to maintain its lead throughout the analysis period. Powder coatings provides economical, long lasting, and durable quality finish for metal parts and products.

powder-coating-market-1573537281

It offers benefits such as superior durability, scratch resistance, gloss retention, and resistance to chalking. It is mainly used for applications on metal parts exposed to extreme weather conditions. It adheres to the AAMA specifications and is an ecofriendly process. Powder coating are cost-efficient, as they do not contain solvents and volatile organic compounds (VOCs). In addition, over-sprayed powder coating can be retrieved and recycled for use, thereby reducing cost.

The report on the world powder coatings market exclusively focuses on the current powder coatings market trends, future growth, and opportunities such as thermoset and thermoplastic. It focuses on various powder coating applications, which include appliances; automotive; architectural; furniture; agriculture, construction & earthmoving equipment (ACE); general industrial; and others. It provides information on coating method of powder coatings such as electrostatic spray and fluidized bed. Moreover, it analyzes the current powder coatings industry trends across different geographies and suggests the future growth opportunities by analyzing the government regulations & policies, thereby increasing the consumer acceptance of powder coatings.

The demand for powder coatings has increased owing to growing technological advancements and increasing demand from applications, namely, architectural; appliances; automotive; furniture; agriculture, construction, and earthmoving equipment (ACE); general industrial; and others. This trend is expected to continue as it is a volatile organic compound (VOC) and solvent-free. Strict environmental regulations also boost the powder coatings market growth. The market has witnessed moderate growth during the past few years and is expected to grow at a CAGR of 5.4%, in terms of revenue, during the forecast period.

Segment Review

Thermosets are used to coat appliances, as they are resistant to extreme temperatures. Leading companies in this powder coatings market have heavily invested in R&D activities to offer product customization as per the requirements of the end user industry. Supportive government policies have fueled the growing adoption of powder coatings especially thermoset powder coatings across end user industries during the forecast period.

Electrostatic spray is the most adopted coating technique as it enables coating of intricate shapes and does not require preheating of components. This segment is expected to continue its dominance throughout the forecast period.

Automotive segment dominated the global powder coating market with about 20% share in terms of revenue, in 2018. Appliances application for powder coating is expected to grow at the highest CAGR during the forecast period.

Asia-Pacific Review:

The Asia-Pacific powder coatings market is expected to grow at the highest CAGR in terms of both volume and value, due to its stable economy, increasing disposable income, and improving standards of living in countries such as China, Japan, Singapore, Malaysia, and Vietnam. The powder coatings market is expected to witness rapid growth during the forecast period due to proactive government measures to promote the use of eco-friendly coating systems such as powder coatings. The Chinese metal furniture industry is expected to witness rapid growth during the forecast period, owing to availability of inexpensive raw materials.

In Asia-Pacific region, the automotive industry is expected to grow, owing to growth in transportation infrastructure, changing lifestyle, and rising disposable income. The green coatings manufacturing companies and research institutions have heavily invested to develop advanced, eco-friendly, and nonhazardous powder coatings. China is the largest producer of refrigeration appliances. In China, the demand for electric home appliances has considerably increased due to rising disposable income and strong growth in the real estate sector.

Key Benefits for Powder Coatings Market :

  • The report provides detailed examination about the driving and limiting factors of the powder coatings market, which would give a deeper understanding of the subject and help in analyzing the various resin types, coating method and applications of powder coatings
  • The powder coatings market projections for the period 2019-2026 along with their impacting factors are included in the report.
  • The report helps in analyzing the various application segments, thus helping the stakeholders understand opportunities in the various fields of powder coatings market
  • The report provides quantitative as well as qualitative trends to assist stakeholders in formulating effective growth strategies.
  • Competitive intelligence highlights the business practices adopted by leading powder coatings market players across various geographies

Powder Coatings Market Report Highlights

Aspects Details
By Application
  • Appliances
  • Automotive
  • Architectural
  • Furniture
  • Agriculture, Construction, & Earthmoving Equipment (ACE)
  • General Industrial
  • Others
By Resin Type
  • Thermoset
    • Epoxy
    • Polyester
    • Epoxy Polyester Hybrid
    • Acrylic
  • Thermoplastic
    • Polyvinyl Chloride (PVC)
    • Nylon
    • Polyolefin
    • Polyvinylidene Fluoride (PVDF)
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, Italy, UK)
  • Asia-Pacific  (China, Japan, India, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Turkey, Africa, Rest of LAMEA)
By Coating Method
  • Electrostatic Spray
  • Fluidized Bed 
By Key Market Players
  • AkzoNobel N.V.
  • PPG Industries
  • Sherwin Williams
  • BASF SE
  • Axalta Coating Systems
  • Kansai Nerolac Paints Limited
  • Jotun
  • IFS Coatings
  • The Valspar Corporation
  • Tiger Coatings
 

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