Global Powder Coatings Market Top Major Players 2024, Forecast To 2033
18 Jan, 2024
The powder coatings market has seen strong recent growth, increasing from $19.06 billion in 2023 to $20.5 billion in 2024, featuring a 7.6% CAGR. Historical drivers include durability, corrosion resistance, industrial and manufacturing applications, and automotive industry usage. Expecting strong growth, the market is projected to reach $26.89 billion in 2028, reflecting a 7.0% CAGR. Forecasted drivers include sustainability, low environmental impact, renewable energy infrastructure, automotive sector expansion, and customized functional coatings. Key trends involve technological advancements, smart coatings, nanotechnology integration, and bio-based powder coatings.
Global Powder Coatings Market Key Driver
The powder coatings market is set to grow with increasing demand from the construction sector. Powder coatings are widely used on architectural elements for their durability and weather resistance. Oxford Economics projects a 42% increase in global construction output by 2030, reaching $15.2 trillion, driving demand for powder coatings.
Get A Free Sample Of The Global Powder Coatings Market ReportGlobal Powder Coatings Market Segments
The powder coatings market covered in this report is segmented –
1) By Type: Thermoset, Thermoplastic
2) By Coating Method: Electrostatic Spray, Fluidized Bed
3) By End Userr Application: Appliances, Automotive, Architectural, Furniture, Agriculture, Construction, & Earthmoving Equipment (ACE), General Industrial, Other End-User Applications
By Geography: The regions covered in the powder coatings market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the powder coatings market in 2023. Western Europe was the second-largest region in the global powder coatings market. The regions covered in the powder coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Major Powder Coatings Industry Players
AkzoNobel NV, PPG Industries Inc., Sherwin-Williams Company, BASF SE, Axalta Coating Systems Ltd., Kansai Nerolac Paints Limited, Jotun Group, IFS Coatings, Valspar Corporation, Asian Paints Ltd., RPM International Inc., Dulux Powder & Industrial Coating, DuPont de Nemours, Inc., Somar Corporation, Protech Group, Nippon Paint Co. Ltd., Evonik Industries AG, Berger Paints Limited, IGP Pulvertechnik AG, TIGER Coatings GmbH & Co. KG, Cloverdale Paint Inc., Vogel Paint Inc., Hentzen Coating Inc., Alpha Coating Technologies Inc., Ferro arte de mexico sa de cv, TCI Powder Coatings, Prismatic Powders, Precision Coatings Inc., S&B Finishing Co. Inc., Rohner Powder Coating, Pro Powder & Paint Inc., Premier Powder Coating Ltd., Rite-Way Powder Coating Inc., Reliant Finishing Systems
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Powder Coatings Market Overview
Powder coating is a finishing process that keeps the binder and filler parts in a liquid suspension form. Powder coating is a technique that generally involves coating an entity with free-flowing, dry powder electrostatically and then curing it under heat or with ultraviolet light.
Powder Coatings Global Market Report 2023 provides data on the global powder coatings market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The powder coatings market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.