Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Powder Coatings Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Expected Market Growth Rates for the Powder Coatings Market?
The market size of powder coatings has seen significant growth recently. It is projected to increase from $19.07 billion in 2024 to $20.4 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%.
What Are the Expected Market Growth Trends for the Powder Coatings Market Through 2029?
The Powder Coatings market is projected to reach a size of $27.88 billion by 2029, expanding at a compound annual growth rate (CAGR) of 8.1%.
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What Are the Key Business Drivers in the Powder Coatings Market Landscape?
The key Drivers in the powder coatings market are:
• Rising demand in the construction sector
• Common use of powder coatings in architectural elements
• Durable and weather-resistant properties of powder coatings
• Enhanced aesthetic appeal offered by powder coatings
How Is the Powder Coatings Market Divided Across Key Categories?
The powder coatingsmarket 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, And Earthmoving Equipment (ACE), General Industrial, Other End-User Applications
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What Are the Ongoing Trends in the Powder Coatings Market?
The key trends in the powder coatings market are:
• A rising trend in the market revolves around new coating technologies for heat-sensitive substrates.
• Lower energy consumption is also an emerging trend, with new technologies enabling curing processes at lower temperatures.
• The utilization of eco-friendly technologies is on the rise in the Powder Coatings market.
• Developments in product design and long-term functional protection are shaping future trends.
Which Companies are Expanding in the Powder Coatings Industry?
The key players in the powder coatings market are:
• 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
Which is the Largest Region the Global Powder Coatings Market?
Asia-Pacific was the largest region in the powder coatings market in 2024
