Summary

Powder Coating Market Research Report Information By Substrate (Metal, and Non-Metal) By Resin Type (Thermoset, and Thermoplastic) By Coating Method (Electrostatic Spray Coating, Fluidized Bed Coating, Electrostatic Fluidized Bed Process, and Flame Spraying) By Application (Consumer Goods & Appliances, Automotive & Transportation, Architecture & Furniture, Construction Equipment and Others) and By Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa)-Global Forecast to 2030

Market Overview
The Powder Coating Market was estimated at USD 14,925.9 million in 2023. The Powder Coating industry is expected to increase at a compound annual rate (CAGR) of 6.73% over the forecast period. In 2023. Because of improving living standards and the desire for prestige, there is a growing need for innovative products, as well as the usage of high-quality, dependable, and high-performance paints and coatings. People are willing to spend the money on high-quality powder coating because they seek a luxurious and comfortable lifestyle. Furthermore, end customers are stressing and supporting the eco-friendliness of the components used in paints and coatings. Powder coatings are becoming increasingly popular as binders in the paint and coatings industry due to their great efficiency, minimal VOC emissions, and low cost. Powder coatings have exceptional adhesive and cohesion properties, as well as flexibility, gloss potential, and durability. Powder coatings are becoming increasingly popular in interior and exterior applications due to their good coalescing qualities, reduced solvent consumption, and low formulation cost. The reduced demand for solvents allows for the creation of low VOC and odorless paints. Furthermore, powder coatings provide coating features including low-temperature coalescence and mud cracking without increasing the overall formulation cost of the paint.

Market Segment insights
The Powder Coating Market has been categorized by product into Metal and Non-Metal.
In 2023, the thermoset sector is the largest resin type segment, accounting for 93.50% of the market and valued at USD 13,975.4 million. Powder coatings are made from various polymer resin systems and contain curatives, colors, flow modifiers, leveling agents, and other additives. The two most common types of resins used in powder coatings are thermosets and thermoplastics.
The global powder coatings market is divided into four segments based on coating method: electrostatic spray coating, fluidized bed coating, electrostatic fluidized bed process, and flame spraying. Among these segments, electrostatic spray coating had the biggest market share of 56.10% in 2023.
Because of the numerous advantages they provide, powder coatings are widely employed in a range of end-use applications in the electronics, automotive, building and construction, and industrial industries.
Key Market Players
BASF SE, Sherwin-Williams, Akzo Nobel N.V., Asian Paints PPG Pvt. Limited, Axalta Coating Systems Ltd., Covestro AG, TCI Powder, BASF SE, BERGER Paints India Limited, Covestro AG, PPG Industries, and Nippon Paint Holdings Co. Ltd. are among the industry leaders.

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Table of Contents

TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 18
1.1 MARKET ATTRACTIVENESS ANALYSIS 19
1.1.1 GLOBAL POWDER COATINGS MARKET, BY SUBSTRATE 20
1.1.2 GLOBAL POWDER COATINGS MARKET, BY RESIN TYPE 21
1.1.3 GLOBAL POWDER COATINGS MARKET, BY COATING METHOD 22
1.1.4 GLOBAL POWDER COATINGS MARKET, BY APPLICATION 23
1.1.5 GLOBAL POWDER COATINGS MARKET, BY REGION 24
2 MARKET INTRODUCTION 25
2.1 DEFINITION 25
2.2 SCOPE OF THE STUDY 25
2.3 RESEARCH OBJECTIVE 25
2.4 MARKET STRUCTURE 26
3 RESEARCH METHODOLOGY 27
3.1 RESEARCH PROCESS 27
3.2 PRIMARY RESEARCH 28
3.3 SECONDARY RESEARCH 29
3.4 MARKET SIZE ESTIMATION 29
3.5 TOP DOWN & BOTTOM UP APPROACH 30
3.6 FORECAST MODEL 31
3.7 LIST OF ASSUMPTIONS 32
4 MARKET DYNAMICS 33
4.1 INTRODUCTION 33
4.2 DRIVERS 34
4.2.1 GROWING PRODUCT DEMAND IN THE PAINTS & COATING INDUSTRY 34
4.2.2 USE OF POWDER COATING IN FURNITURE 35
4.2.3 DRIVERS IMPACT ANALYSIS 35
4.3 RESTRAINT 36
4.3.1 HIGH COST AND COMPLEXITIES IN THE MANUFACTURING PROCESSES 36
4.3.2 RESTRAINT IMPACT ANALYSIS 36
4.4 OPPORTUNITY 37
4.4.1 RISE IN DEMAND FOR POWDER COATING FOR THE AUTOMOTIVE 37
4.5 IMPACT OF COVID 19 37
5 MARKET FACTOR ANALYSIS 38
5.1 SUPPLY CHAIN ANALYSIS 38
5.1.1 RAW MATERIAL SUPPLIERS 38
5.1.2 MANUFACTURERS 39
5.1.3 DISTRIBUTION CHANNEL 39
5.1.4 END USERS 39
5.2 PORTER’S FIVE FORCES MODEL 40
5.2.1 BARGAINING POWER OF SUPPLIERS 40
5.2.2 BARGAINING POWER OF BUYERS 41
5.2.3 THREAT OF NEW ENTRANTS 41
5.2.4 THREAT OF SUBSTITUTES 41
5.2.5 INTENSITY OF RIVALRY 41
5.3 RAW MATERIAL ANALYSIS 42
5.3.1 WHAT RAW MATERIALS ARE USED IN POWDER COATINGS 44
5.3.2 PROPERTIES OF RAW MATERIAL USED 44
5.3.3 MARKET SIZE VOLUME FOR RAW MATERIAL 44
5.3.4 TDS BY VARIOUS MANUFACTURERS 45
5.3.5 AVERAGE PRICING ANALYSIS 46
5.4 PRICING ANALYSIS, BY REGION (USD/TON) 46
6 GLOBAL POWDER COATINGS MARKET, BY SUBSTRATE 47
6.1 INTRODUCTION 47
7 POWDER COATINGS MARKET, BY RESIN TYPE 49
7.1 INTRODUCTION 49
8 GLOBAL POWDER COATINGS MARKET, BY COATING METHOD 51
8.1 INTRODUCTION 51
9 POWDER COATINGS MARKET, BY APPLICATION 53
9.1 INTRODUCTION 53
10 GLOBAL POWDER COATINGS MARKET, BY REGION 55
10.1 INTRODUCTION 55
10.2 NORTH AMERICA 57
10.2.1 US 61
10.2.2 CANADA 64
10.3 EUROPE 67
10.3.1 GERMANY 71
10.3.2 RUSSIA 74
10.3.3 UK 77
10.3.4 ITALY 80
10.3.5 FRANCE 83
10.3.6 THE NETHERLAND 86
10.3.7 THE NETHERLAND 86
10.3.8 SPAIN 90
10.3.9 SPAIN 90
10.3.10 POLAND 94
10.3.11 REST OF EUROPE 97
10.4 ASIA-PACIFIC 100
10.4.1 CHINA 104
10.4.2 JAPAN 107
10.4.3 INDIA 110
10.4.4 SOUTH KOREA 113
10.4.5 AUSTRALIA & NEW ZEALAND 116
10.4.6 THE NETHERLAND 119
10.4.7 THAILAND 122
10.4.8 INDONESIA 124
10.4.9 VIETNAM 128
10.4.10 REST OF ASIA-PACIFIC 131
10.5 MIDDLE EAST & AFRICA 134
10.5.1 EGYPT 138
10.5.2 UAE 141
10.5.3 TURKEY 144
10.5.4 SOUTH AFRICA 147
10.5.5 REST OF MIDDLE EAST & AFRICA 150
10.6 LATIN AMERICA 154
10.6.1 MEXICO 158
10.6.2 BRAZIL 161
10.6.3 ARGENTINA 164
10.6.4 REST OF LATIN AMERICA 167
11 COMPETITIVE LANDSCAPE 170
11.1 INTRODUCTION 170
11.2 COMPETITIVE ANALYSIS 171
11.2.1 KEY STRATEGY ANALYSIS 171
11.3 COMPETITOR DASHBOARD 171
11.4 COMPANY MARKET SHARE ANALYSIS, 2022 (%) 172
11.5 COMPETITIVE BENCHMARKING 173
11.6 LEADING PLAYERS IN TERMS OF THE NUMBER OF DEVELOPMENTS IN THE GLOBAL POWDER COATING MARKET 174
11.7 KEY DEVELOPMENTS & GROWTH STRATEGIES 174
11.7.1 NEW PRODUCT LAUNCH 174
11.7.2 MERGER & ACQUISITION 175
11.7.3 JOINT VENTURES/AGREEMENT 176
11.7.4 CAPACITY EXPANSION 177
12 COMPANY PROFILES 178
12.1 BASF SE 178
12.1.1 COMPANY OVERVIEW 178
12.1.2 FINANCIAL OVERVIEW 179
12.1.3 PRODUCTS OFFERED 179
12.1.4 KEY DEVELOPMENTS 180
12.1.5 SWOT ANALYSIS 181
12.1.6 KEY STRATEGIES 181
12.2 PPG INDUSTRIES INC. 182
12.2.1 COMPANY OVERVIEW 182
12.2.2 FINANCIAL OVERVIEW 183
12.2.3 PRODUCTS OFFERED 183
12.2.4 KEY DEVELOPMENTS 184
12.2.5 SWOT ANALYSIS 185
12.2.6 KEY STRATEGIES 185
12.3 NIPPON PAINT HOLDINGS CO. LTD. 186
12.3.1 COMPANY OVERVIEW 186
12.3.2 FINANCIAL OVERVIEW 187
12.3.3 PRODUCTS OFFERED 187
12.3.4 KEY DEVELOPMENTS 188
12.3.5 SWOT ANALYSIS 189
12.3.6 KEY STRATEGIES 189
12.4 AXALTA COATING SYSTEMS LTD. 190
12.4.1 COMPANY OVERVIEW 190
12.4.2 FINANCIAL OVERVIEW 191
12.4.3 PRODUCTS OFFERED 191
12.4.4 KEY DEVELOPMENTS 192
12.4.5 SWOT ANALYSIS 193
12.4.6 KEY STRATEGIES 193
12.5 SHERWIN-WILLIAMS 194
12.5.1 COMPANY OVERVIEW 194
12.5.2 FINANCIAL OVERVIEW 195
12.5.3 PRODUCTS OFFERED 195
12.5.4 KEY DEVELOPMENTS 196
12.5.5 SWOT ANALYSIS 197
12.5.6 KEY STRATEGIES 197
12.6 COVESTRO AG 198
12.6.1 COMPANY OVERVIEW 198
12.6.2 FINANCIAL OVERVIEW 199
12.6.3 PRODUCTS OFFERED 199
12.6.4 KEY DEVELOPMENTS 200
12.6.5 SWOT ANALYSIS 200
12.6.6 KEY STRATEGIES 201
12.7 AKZONOBEL N.V. 202
12.7.1 COMPANY OVERVIEW 202
12.7.2 FINANCIAL OVERVIEW 203
12.7.3 PRODUCTS OFFERED 203
12.7.4 KEY DEVELOPMENTS 204
12.7.5 SWOT ANALYSIS 205
12.7.6 KEY STRATEGIES 205
12.8 ASIAN PAINTS PPG PVT. 206
12.8.1 COMPANY OVERVIEW 206
12.8.2 FINANCIAL OVERVIEW 207
12.8.3 PRODUCTS OFFERED 207
12.8.4 KEY DEVELOPMENTS 208
12.8.5 SWOT ANALYSIS 209
12.8.6 KEY STRATEGIES 209
12.9 BERGER PAINTS INDIA LIMITED 210
12.9.1 COMPANY OVERVIEW 210
12.9.2 FINANCIAL OVERVIEW 210
12.9.3 PRODUCTS OFFERED 211
12.9.4 KEY DEVELOPMENTS 211
12.9.5 SWOT ANALYSIS 211
12.9.6 KEY STRATEGIES 212
12.10 TCI POWDER COATINGS 213
12.10.1 COMPANY OVERVIEW 213
12.10.2 FINANCIAL OVERVIEW 213
12.10.3 PRODUCTS OFFERED 213
12.10.4 KEY DEVELOPMENTS 214
12.10.5 SWOT ANALYSIS 214
12.10.6 KEY STRATEGIES 215