The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Powder Coatings Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Powder Coatings Industry (2025-2030):
According to the latest report, The Global Powder Coatings Market size is valued at around USD 14.30 billion in 2024 & is projected to grow at a CAGR of around 4.44% during the forecasted period, i.e., 2025-30. Moreover, it is anticipated that the market will reach around USD 19.38 billion by 2030. The report demonstrates the prominent factors propelling the exponential growth of the Powder Coatings industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2020-23
- Base Year: 2024
- Forecast Period: 2025-30
- CAGR – 4.44% by 2030
- Market Value in 2024: USD 14.30 Billion
- Market Value By 2030: USD 19.38 Billion
What are the major Driver the global Powder Coatings industry?
Expansion Across Diverse Industries Boosts the Demand for Powder Coatings in the Market – Powder coatings are used across several industries including automotive, furniture, architecture, appliances, and others, along with emerging areas such as fittings, oil & gas, valves, wastewater treatment, and tanks. With the ongoing revolution, including the adoption of powder coating on plastics and wood, the Global Power Coating Market is witnessing a surge in demand. Also, the environmental advantages correlated with powder coatings lead to the inclination towards powder coating rather than liquid one.
Moreover, due to the surge in the usage of powder coatings, several key players in the market are capitalizing on the rising potential in the automotive, appliances, and other sectors.
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Powder Coatings Market Segmentation
The Powder Coatings Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Resin Type
- Eopxy
- Acrylic
- Polyurethane
- Polyester
- Polyvinyl Chloride
- Others (Epoxy Polyster Hybrid, Fluropolymer, etc.)
- By Method of Coating
- Electrostatic Spray Deposition (ESD)
- Fluidized bed
- Others (Flame Spray, Electrostatic bed fluidized process, etc.)
- By Application
- Architectural
- Furniture
- Automotive
- General Industrial (Electrical Power Generation, Machinery, Packaging, etc.)
- Appliances (Consumer Electronics, Home Appliances, etc.)
- Others
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
As per the regional aspect, the Powder Coatings Market is expected to be dominated by North America by capturing the potential market share.
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Top Companies in the Powder Coatings Market
PPG Industries Inc., Akzo Nobel N.V., Axalta Coating System, Sherwin-Williams Company, Jotun Group, RPM International Inc., Arkema S.A., Nippon Paint Holdings, IGP Powder Coatings, 3M, Tiger Coatings GmbH & Co.KG, Kansai Nerolac Paints Ltd., A & I Coatings, Others
Global Powder Coatings Market Recent Development
In May 2024, PPG Industries declared that they will invest USD 300 million to aid the rising demand for paints and coatings in the automobile industries. The investment in advanced manufacturing began in 2024, and will last for 4 years.
In June 2024, Jotun Groups launched CX-rated powder coating solutions. With this product, industries can access proven technologies in order to protect essential machinery operating in highly challenging surroundings.
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