Powder Coating Market Overview

Powder coating is the favored option for the majority of end user categories, including industrial users, due to its excellent durability, flexibility, efficiency, and environmental compliance. It has a benefit over other techniques because it is a dry metal finishing method, and it is widely used in industrial applications. Its industrial application penetration by nation with important local and international actors has been explored in the report.

The market for powder coatings has been rising in tandem with rising disposable income in both developed and developing nations, leading to a surge in the desire for furniture, cars, and consumer items. It has been observed that the need for it has been rising in the automotive and medical device industries, and these sectors are also anticipated to be major market drivers in developing nations like China, Mexico, India, and Brazil.

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Powder Coating Market Scope and Methodology:

The research methodology used in the report combines SWOT and descriptive analysis. Conducting a comprehensive analysis of the market Powder Coating is the main objective of the research. A variety of techniques, including surveys and questionnaires, are used in research. The results are then evaluated using numerical, statistical, and mathematical methods. Current market trends are shaped by both qualitative and quantitative methodologies.

The following extra variables are taken into consideration when evaluating market opportunities: direct buyer encounters, research and development ventures, innovative techniques of research and development, market consolidation and acquisitions, and fresh industrial processes. Along with market leaders’ tactics, organizational structure, portfolio analysis, thorough analysis, market trends, and microeconomic variables for SWOT analysis are all taken into account in this study.

Powder Coating Market Segmentation

by Type

Thermoset
Thermoplastic

With the largest market share in 2023, the Thermoset segment led the market by type and is predicted to continue to do so at the conclusion of the forecast period. The resins used to make thermoset powder coatings include epoxies, polyesters, acrylics, and polyurethanes. When compared to thermoplastic resins, they require a lower curing temperature. Heating the powder-coated substrate is essential to enabling uniform thermoset flow over the surface.

by Resin

Epoxy
Polyester
Epoxy-Polyester (Hybrid)
Acrylic
Polyurethane
Others

by Coating Method

Electrostatic Spray
Fluidized Bed
Others (Electrostatic Fluidized Bed Process And Flame Spraying)

by End-Use Industry

Appliances
Automotive
General Industrial
Architectural
Furniture
Other (Oil & Gas, Biopharma, Wastewater, Pipes, Fittings, Filters, Flanges, Valves, And Tanks)

In terms of both value and volume, the Appliances segment of the End-Use Industry held the highest market share in 2023 and is anticipated to rise at a notable CAGR over the course of the forecast period. In the appliance business, powder coatings are utilized on boilers, dishwasher racks, freezer cabinets, microwave oven cracks, dryer drums, air conditioner cabinets, washer tops and lids, and front and side panels of refrigeration systems. For certain applications, pre-coated blank stock is coated and then post-formed into the required shape.

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Powder Coating Market Key Players

1. The Sherwin-Williams Company (US)
2. PPG Industries, Inc. (US)
3. Axalta coating systems (US)
4. RPM International Inc. (US)
5. Valspar (US)
6. Hentzen Coatings, Inc. (US)
7. IFS Coatings (US)
8. BASF SE (Germany)
9. Bayer AG (Germany)
10. Emil Frei Gmbh & Co. KG (Germany)
11. Arkema S.A. (France)
12. SOMAR (Japan)
13. Kansai Paint Co., Ltd (Japan)
14. Nippon Paint Holdings Co., Ltd. (Japan)
15. Berger Paints India Limited (India)
16. Asian Paints Limited (India)
17. Jotun (Norway)
18. TIGER Coatings GmbH & Co. KG (Austria)
19. KAPCI Coatings (Zimbabwe)
20. DuluxGroup Limited (Australia)
21. Primatek Coatings OÜ (Estonia)
22. KCC Corporation (South Korea)
23. IGP powder Technik AG (Switzerland)
24. DSM (Netherlands)
25. Akzo Nobel N.V (Netherlands)

Powder Coating Market Regional Insights

It is essential to comprehend the intricate dynamics of the global Powder Coating business within the context of regional studies. The paper provides a framework for goods commerce between nations and regions. The study provides an international overview of the size and growth rate of the Powder Coating market. In many nations and areas, there is discussion over current business trends. Asia-Pacific, Europe, the Americas, the Middle East, and South Africa.

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Key questions answered in the Powder Coating Market are:

  • Which is the fastest growing region in the Powder Coating Market?
  • What is the growth rate of the Powder Coating Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Powder Coating Market?
  • Which are the factors expected to drive the Powder Coating Market growth?
  • What is the CAGR at which the Powder Coating market will grow during the forecast period?
  • What growth strategies are the players considering to increase their presence in Powder Coating?
  • Who are the leading companies and what are their portfolios in Powder Coating Market?
  • Who are the key players in the Powder Coating market?

Key Offerings:

  • Market Size, Share, Size & Forecast by different segment
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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