What Has Been the Progress and Growth of the Metallic Powder Coating Market in Recent Years?
The metallic powder coating market has seen considerable growth due to a variety of factors.
• The market for metallic powder coating has been experiencing robust growth in the recent past. Its valuation is anticipated to surge from $2.38 billion in 2024 to $2.56 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 7.5%.
The historical growth is associated with the escalating automotive manufacturing, heightened emphasis on resistance to corrosion, the drive towards eco-friendly coatings, and the industry-wide demand for superior aesthetic finishes.
What Is The Expected Growth In The Metallic Powder Coating Market Size Evolve over the Forecast Period?
The metallic powder coating market is expected to maintain its strong growth trajectory in upcoming years.
• Significant expansion is anticipated in the metallic powder coating market in the upcoming years. The market is projected to reach a valuation of $3.38 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 7.2%.
The escalation projected during the forecast period can be traced back to increasing needs for eco-friendly coatings, expansion in automobile and construction sectors, augmenting consumer preference for aesthetic finishes, and rigid regulations on volatile organic compounds (VOCs). Foreseen trends within the forecast period encompass the expansion of green-friendly formulations, automation of application procedures, progress in multi-layer coating systems, and the amalgamation of smart coatings with added features.
What Main Forces Are Fueling Expansion In The Metallic Powder Coating Market?
The metallic powder coating market's growth is likely to be fueled by the escalating production of automobiles. Cars, designed mainly for passenger transportation on roads, are being increasingly manufactured due to the growing global need for personal transport and the evolution of electric vehicles. These vehicles could have various designs, powered by either electric motors or internal combustion engines. The role of metallic powder coating in automobile manufacturing is to augment durability, thwart corrosion, and bestow a premium metallic finish to the components of the vehicle. For instance, the European Automobile Manufacturers Association, a Belgium-based lobbyist and standards group, reported in May 2023 that there was a 5.7% rise in global motor vehicle production in 2022, reaching 85.4 million compared to 2021. As such, the escalating production of automobiles is bolstering the growth of the metallic powder coating market.
What Are The Primary Segments In The Global Metallic Powder Coating Market?
The metallic powder coatingmarket covered in this report is segmented –
1) By Type: Bonding Process, Blending Process, Extrusion Process
2) By Resin Type: Epoxy Polyester, Polyester, Epoxy, Polyurethane
3) By Pigment Type: Aluminum, Mica, Other Pigment Types
4) By Application: Architectural, Automotive, Appliance, Furniture, Leisure Equipment
Subsegments:
1) By Bonding Process: Physical Bonding, Chemical Bonding, Electrostatic Bonding
2) By Blending Process: Dry Blending, Wet Blending, Mechanical Blending
3) By Extrusion Process: Single-Screw Extrusion, Twin-Screw Extrusion, Compounding Extrusion
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What Trends Are Shaping The Metallic Powder Coating Market?
Leading enterprises in the metallic powder coating market are concentrating on creating sophisticated coating solutions such as superbly durable low-energy powder coatings to improve the quality of finishes, durability, and resistance to environmental influences. These top-notch low-energy powder coatings offer superior robustness and resistivity to the environment, curing at decreased temperatures, thereby lessening energy usage and manufacturing expenses. For example, AkzoNobel NV, a paint and coating making business based in the Netherlands, presented the Interpon D2525 Low-E variety in September 2024. It includes a series of incredibly resilient low-heat powder coatings developed to guard architectural surfaces in rough conditions. Curing these inventive coatings at lower temperatures (even down to 150°C), yield energy savings up to 20% and 25% faster curing times compared to standard powders. These Interpon D2525 Low-E coatings are perfectly suited for an array of metal surfaces such as facades, windows, and railings, rendering excellent sturdiness and color preservation.
Who Are the Key Players In The Metallic Powder Coating Market?
Major companies operating in the metallic powder coating marker are:
• The Sherwin-Williams Company
• PPG Industries Inc.
• Axalta Coating Systems LLC
• Jotun Powder Coatings
• Berger Paints India Limited
• Delight Polymers Pvt Ltd.
• Beckers Group
• PEKO Precision Products Inc.
• HMG Paints Ltd.
• Tradeindia
• Primatek Coatings OÜ
• Protech Group
• Prismatic Powders
• Technical Glass and Aluminium LLC
• Aajjo
• All-Color Powder Coating Inc.
• Archello
• Crescent Bronze Powder Co
• Nivera Paints
• Prism Coating Powder
• Ritver Paints and Coatings
• SendCutSend LLC
• TCI Powder
• Tulip Paints
• Value Added Coating Solution Private Limited
• Zigma Paints Pvt Ltd
What Is The Most Dominant Region In The Metallic Powder Coating Market?
Asia-Pacific was the largest region in the metallic powder coating market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the metallic powder coating marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
