Powder Coating Market Report by Resin Type (Thermoset, Thermoplastic), Coating Method (Electrostatic Spray, Fluidized Bed), Application (Consumer Goods, Appliances, Automotive, Architectural, Agriculture, Construction and Earthmoving Equipment (ACE), General Industries, and Others), and Region 2024-2032

Powder Coating Market Report by Resin Type (Thermoset, Thermoplastic), Coating Method (Electrostatic Spray, Fluidized Bed), Application (Consumer Goods, Appliances, Automotive, Architectural, Agriculture, Construction and Earthmoving Equipment (ACE), General Industries, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A5762
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Market Overview:

The global powder coating market size reached US$ 14.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 23.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.9% during 2024-2032.

Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023 US$ 14.9 Billion
Market Forecast in 2032 US$ 23.2 Billion
Market Growth Rate (2024-2032) 4.9%


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

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 2024-2032. 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Resin Type, Coating Method, Application, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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?

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Powder Coating Market Report by Resin Type (Thermoset, Thermoplastic), Coating Method (Electrostatic Spray, Fluidized Bed), Application (Consumer Goods, Appliances, Automotive, Architectural, Agriculture, Construction and Earthmoving Equipment (ACE), General Industries, and Others), and Region 2024-2032
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