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Powder Coatings Market Size to Worth Around USD 22.8 Bn by 2030

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The global Powder Coatings market size is expected to reach USD 22.8 billion by 2030 and is expected to expand at a CAGR of 9.2% from 2021 to 2030.

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Growth Factors

 The market is expected to witness significant growth over the forecast period primarily owing to the superior properties of powder coatings over conventional paints including high resistance to corrosion and chipping & abrasion, durability, cost-effectiveness, excellent finishing, and reduced processing time.

The growing number of consumer goods companies in India, China, and Singapore is expected to augment market development in the near future. Powder coatings have numerous advantages over other coatings, such as lower operating costs, immediate availability, negligible VOC emission, excellent appearance, and uniform thickness.

Report Coverage

Report Scope Details
Market Size USD 22.8 billion by 2030
Growth Rate CAGR of 9.2% From 2021 to 2030
Base Year 2021
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Resin, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Akzo Nobel N.V; The Sherwin-Williams Company; PPG Industries, Inc.; BASF SE; DSM; Valspar; Arkema S.A.; Bayer AG

Report Highlights

The polyester resin type segment lead for 29.11% of the volume share in 2020 on account of beneficial properties of polyester, such as quick-drying, chemical resistance, temperature resistance, abrasion resistance, and surface protection.

Epoxy-Polyester (Hybrid) resin types are projected to witness the fastest CAGR over the forecast period on account of their properties, such as toughness, flexibility, weather ability, and low cost as compared to other coatings.

The consumer goods application segment lead the global market in 2020 accounting for 25.69% of the overall volume share. The segment is expected to witness significant growth over the forecast period.

The use of powder coatings is predominant in consumer goods as these coatings do not contain solvents, exhibit higher flexibility than conventional liquid coatings, and comply with environmental regulations.

Asia Pacific was the largest market in 2020 and lead for a revenue share of 41.31%. The positive outlook towards the construction industry of India, China, South Korea, Japan, Malaysia, Vietnam, and Indonesia is intended to promote the usage of powder coatings.

Europe was the second-largest market, in terms of volume, in 2020. Surging automobile production in Germany, Hungary, Romania, Austria, and the U.K. with a strong manufacturing base of companies, such as Volkswagen AG, Chevrolet, Daimler-Chrysler, Mercedes-Benz, and Dodge, is expected to drive the product demand.

Key Players

  • Akzo Nobel N.V
  • The Sherwin-Williams Company
  • PPG Industries, Inc.
  • BASF SE
  • DSM
  • Valspar
  • Arkema S.A.
  • Bayer AG

Market Segmentation

  • Resin
    • Epoxy
    • Polyester
    • Epoxy-polyester (Hybrid)
    • Acrylic
    • Polyurethane
    • Others
  • Application
    • Consumer Goods
    • Architectural
    • Automotive
    • General Industries
    • Furniture
    • Others
  • Regional
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Russia & CIS countries
      • Benelux
      • Turkey
      • Spain
      • Switzerland
      • Sweden
      • Poland
      • Austria
      • Norway
      • Denmark
      • Finland
      • Portugal
      • Czech Republic (CZ)
      • Slovenia
    • Asia Pacific
      • China
      • India
      • Japan
      • Thailand
    • Central and South America
      • Brazil
      • Argentina
    • Middle East and Africa
      • Saudi Arabia
      • South Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

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 Coatings Market, By Resin

7.1.  Powder Coatings Market, by Resin, 2021-2030

7.1.1.    Epoxy

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Polyester

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Epoxy-polyester (Hybrid)

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    Acrylic

7.1.4.1.        Market Revenue and Forecast (2017-2030)

7.1.5.    Polyurethane

7.1.5.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Powder Coatings Market, By Application

8.1.  Powder Coatings Market, by Application, 2021-2030

8.1.1.    Consumer Goods

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Architectural

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Automotive

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    General Industries

8.1.4.1.        Market Revenue and Forecast (2017-2030)

8.1.5.    Furniture

8.1.5.1.        Market Revenue and Forecast (2017-2030)

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

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Resin (2017-2030)

9.1.2.    Market Revenue and Forecast, by Application (2017-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by Resin (2017-2030)

9.1.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by Resin (2017-2030)

9.1.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Resin (2017-2030)

9.2.2.    Market Revenue and Forecast, by Application (2017-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by Resin (2017-2030)

9.2.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by Resin (2017-2030)

9.2.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by Resin (2017-2030)

9.2.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by Resin (2017-2030)

9.2.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Resin (2017-2030)

9.3.2.    Market Revenue and Forecast, by Application (2017-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by Resin (2017-2030)

9.3.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by Resin (2017-2030)

9.3.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by Resin (2017-2030)

9.3.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by Resin (2017-2030)

9.3.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Resin (2017-2030)

9.4.2.    Market Revenue and Forecast, by Application (2017-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by Resin (2017-2030)

9.4.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by Resin (2017-2030)

9.4.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by Resin (2017-2030)

9.4.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by Resin (2017-2030)

9.4.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Resin (2017-2030)

9.5.2.    Market Revenue and Forecast, by Application (2017-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by Resin (2017-2030)

9.5.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by Resin (2017-2030)

9.5.4.2.        Market Revenue and Forecast, by Application (2017-2030)

Chapter 10.  Company Profiles

10.1.              Akzo Nobel N.V

10.1.1.  Company Overview

10.1.2.  Resin 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.  Resin Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              PPG Industries, Inc.

10.3.1.  Company Overview

10.3.2.  Resin Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              BASF SE

10.4.1.  Company Overview

10.4.2.  Resin Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              DSM

10.5.1.  Company Overview

10.5.2.  Resin Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.              Valspar

10.6.1.  Company Overview

10.6.2.  Resin Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.              Arkema S.A.

10.7.1.  Company Overview

10.7.2.  Resin Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

10.8.              Bayer AG

10.8.1.  Company Overview

10.8.2.  Resin Offerings

10.8.3.  Financial Performance

10.8.4.  Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

Glossary of Terms

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