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Powder Coatings Market Size | Status | Top Players | Trends And Forecast To 2024

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James Butler
Powder Coatings Market Size | Status | Top Players | Trends And Forecast To 2024

The global powder coatings market is likely to gain a significant CAGR in the forthcoming period. The powder coating process is much identical to the painting process with the only difference that, the paint material used as powder coating is dry than liquid. The powder attaches to the parts due to electrostatic charge and grounding. However, several advantages such as reuse and durability are achieved with these whereas the downsides demand less levelling, i.e. needs more peel and curing needs more energy.

The powder coatings market is driven by market expansion of construction sector and real estate. The need for aftermarket service in the construction domain is highly prevalent. Jobs like wall painting, house renovation, and furniture maintenance are likely to result in high use of powder coatings to fulfill these jobs. Apart from the residential space, powder coatings find industrial use in the manufacture and packaging sector. Powder coatings are used in industries to enhance the product features and give a finer finish.

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Geographical segmentation for powder coating market includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific’s powder coatings industry is likely to gain a significant CAGR in the forthcoming period due to the presence of manufacturing sector and broader use of powder coating for varied applications. Rise in demand, increasing use in industries and rise in rate of manufacture are likely to propel the APAC market growth.

North American and European regions are likely to gain a higher CAGR in the forecast period due to increasing use of powder coatings for furniture and construction industry. Apart, government regulations pertaining to manufacture of powder coatings by using eco-friendly products are likely to pump the powder coatings market growth in the near future. The key players in the powder coating industry include Asian Paints Limited, Axalta Coating Systems, Jotun A/S, Berger Paints India Limited, Kansai Paint Co, PPG Industries Inc, The Valspar Corporation, The Sherwin-Williams Company and the Somar Corporation.

Market Segment:

Resin type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
• Epoxy
• Polyester
• Epoxy-Polyester (Hybrid)
• Acrylic
• Polyurethane
• Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
• Consumer goods
• Architectural
• Automotive
• General Industries
• Furniture
• Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• Italy
• Russia
• Asia Pacific
• China
• Japan
• India
• Thailand
• Latin America
• Brazil
• MEA

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Table of Contents

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources

Chapter 2. Executive Summary
2.1. Powder coatings market- Industry summary and key buying criteria, 2013 - 2024

Chapter 3. Powder Coatings Industry Outlook
3.1. Powder coatings market segmentation
3.2. Powder coatings market size and growth prospects, 2013 - 2024
3.3. Powder coatings market value chain analysis
3.3.1. Vendor landscape
3.4. Raw material outlook
3.5. Technology overview
3.6. Regulatory framework
3.7. Powder coatings market dynamics
3.7.1. Market driver analysis
3.7.1.1. Growing construction sector in Southeast Asia
3.7.1.2. Positive outlook towards the automotive sector
3.7.2. Market restraint analysis
3.7.2.1. Limited application base
3.8. Powder coatings market key opportunities prioritized
3.9. Powder coatings market Porter's analysis
3.10. Powder coatings company market share
3.11. Powder coatings market PESTEL analysis

Continued…

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