Powder Coating

Powder Coating Market Size, Growth Insight, Trends and Forecasts to 2027 Powder Coating Market (By Resin: Polyester, Epoxy, Epoxy-Polyester, Polyurethane, Acrylic; By Application: Automotive, Consumer Goods, Architectural, Furniture, Oil and Gas, Pipeline) - Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 - 2027

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[150+ Pages Report] The powder coating market is expected to exhibit a CAGR of 6.1% from 2020 to 2027 and is projected to reach US$ 20.1 Billion by the end of 2027, according to a 2021 study by Precedence Research, the Canada based market insight company.

The study provides the overall revenue of the global powder coating market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

The global powder coating market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the powder coating industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Growth Factors

The demand for powder coatings has augmented substantially due to escalating technological advancements and cumulative requirement from applications areas such as automotive, furniture, architectural, agriculture, appliances, earthmoving equipment, construction, general industries among others. Severe environmental rules are also projected to lift the growth global powder coatings market growth during the forthcoming years. Surge in demand of product in applications such radiator grills, as door handles, bumpers, wheel rims, metallic structural components and bicycle is expected to reinforce growth of the market during near future.

The arrival of powder-on-powder application which comprises application of topcoat and primer with one cure step has offered novel visions for powder coatings. Further, powder coatings have attained more extensive access in new-fangled applications. Better utilization rate as than liquid forms are amongst the fundamental reasons impacting the complete product application possibility. The infrastructural development is also a crucial factor motivating the product requirement on an international scale. Proficiency and overspray are amongst the vital aspects leading the market economics.

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Report Highlights

  • Progression in construction sector in the nations like Indonesia, India, Malaysia, and Thailand is prompted by the budding service industry in the region that results in upturn in migration, escalation in population, and scarcity of residential households in the region.
  • The economic saturation and contraction in Europe and North America is shifting the demand of the market in the Asia Pacific
  • Growth of powder coatings market across the world is credited to the aspects such as escalating per capita income, augmented consumer spending, and fluctuating consumer inclinations and progression in technology.
  • Asia Pacific powder coatings market is anticipated to record highest CAGR on account of growing disposable income, steady economy, and refining standards of living in nations like Singapore, Vietnam, China, Japan, and Malaysia.

Regional Snapshots

Asia Pacific conquered the powder coatings sector with maximum market stake in 2019 and is anticipated to show firmest growth rate throughout the assessment duration. This growth is attributable to optimistic market outlook in the Asia economies like India China, and Japan. Although Southeast Asian countries such as Malaysia and Thailand offer great openings for local sales, they also bid critical production benefits over other nations. Further, stable economic growth is conveying more investments to this region. Since the previous decade, spending by steel businesses has triggered the expansion of construction, appliances, electronics and automotive sectors in the emerging nations of Middle East and APAC. As a result growth of these sectors is supporting the demand for powder coatings across these regions.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global powder coating market are as follows:

  • Axalta Coating Systems
  • The Sherwin-Williams Company
  • Arkema Group
  • The Valspar Corporation
  • Eastman Chemical Company
  • PPG Industries, Inc.
  • Akzo Nobel NV
  • Evonik Industries AG
  • Nippon Paint Co., Ltd.

Market Segmentation

By Resin

  • Epoxy-Polyester
  • Epoxy
  • Acrylic
  • Polyester
  • Polyurethane
  • Others

By Application

  • Automotive
  • Consumer Goods
  • Architectural
  • Furniture
  • Oil and Gas
  • Pipeline
  • Others 

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights covered in the report include:

Market Demand-Supply Analysis – The report covers detailed insights into demand and supply forces prevailing in the global powder coating market. It examines trends and factors influencing demand for powder coating globally and gauges the impact of the same on the production.

Pricing Analysis – The report presents an exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.

Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.

Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for powder coating across the world.

Competitive Analysis – Some of the leading market players are profiled in the report on powder coating. The report offers an estimation of share individually help by the market players and determines the impact of some of their popular strategies.

COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.

Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

Why should you invest in this report?

If you are aiming to enter the global powder coating market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for powder coating are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Powder Coating Market, By Resin

7.1. Powder Coating Market, by Resin Type, 2020-2027
7.1.1. Epoxy-Polyester
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Epoxy
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Acrylic
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Polyurethane
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. Polyester
7.1.5.1. Market Revenue and Forecast (2016-2027)
7.1.6. Others
7.1.6.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Powder Coating Market, By Application

8.1. Powder Coating Market, by Application, 2020-2027
8.1.1. Automotive
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Consumer Goods
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Architectural
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Furniture
8.1.4.1. Market Revenue and Forecast (2016-2027)
8.1.5. Oil and Gas
8.1.5.1. Market Revenue and Forecast (2016-2027)
8.1.6. Pipeline
8.1.6.1. Market Revenue and Forecast (2016-2027)
8.1.7. Others
8.1.7.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Powder Coating Market, Regional Estimates and Trend Forecast

9.1. North America
9.1.1. Market Revenue and Forecast, by Resin (2016-2027)
9.1.2. Market Revenue and Forecast, by Application (2016-2027)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Resin (2016-2027)
9.1.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Resin (2016-2027)
9.1.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Resin (2016-2027)
9.2.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Resin (2016-2027)
9.2.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Resin (2016-2027)
9.2.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Resin (2016-2027)
9.2.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Resin (2016-2027)
9.2.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Resin (2016-2027)
9.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Resin (2016-2027)
9.3.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Resin (2016-2027)
9.3.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Resin (2016-2027)
9.3.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Resin (2016-2027)
9.3.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Resin (2016-2027)
9.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Resin (2016-2027)
9.4.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Resin (2016-2027)
9.4.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Resin (2016-2027)
9.4.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Resin (2016-2027)
9.4.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Resin (2016-2027)
9.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Resin (2016-2027)
9.5.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Resin (2016-2027)
9.5.4.2. Market Revenue and Forecast, by Application (2016-2027)

Chapter 10. Company Profiles

10.1. Axalta Coating Systems
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. The Sherwin-Williams Company
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Arkema Group
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Eastman Chemical Company
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. The Valspar Corporation
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. PPG Industries, Inc.
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Akzo Nobel NV
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Evonik Industries AG
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Nippon Paint Co., Ltd.
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions

Chapter 12. Appendix

12.1. About Us
12.2. Glossary of Terms

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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