Powder Coatings Market Size, Share, Growth, Trends, Production, Consumption, Revenue and Forecast 2020 to 2027

Published Date : Apr 2020 | No. of Pages : 200 Pages | Category : Chemical and Material

The Global Powder Coatings Market size is expected to worth around USD 15.5 billion by 2027, registering a CAGR of 5.7% during the forecast period 2020-2027.

Powder coatings in automotive application segment occupied the major share in 2018 and is expected to maintain its lead throughout the analysis period. Powder coatings provides economical, long lasting, and durable quality finish for metal parts and products.

It offers benefits such as superior durability, scratch resistance, gloss retention, and resistance to chalking. It is mainly used for applications on metal parts exposed to extreme weather conditions. It adheres to the AAMA specifications and is an ecofriendly process. Powder coating are cost-efficient, as they do not contain solvents and volatile organic compounds (VOCs). In addition, over-sprayed powder coating can be retrieved and recycled for use, thereby reducing cost.

Growing economies of Asia Pacific and MEA region have witnessed a strong growth in non-residential sectors including consumer goods, IT, telecom, and retail, resulting in high demand for power coatings. Growing consumer goods companies in India, China, and Singapore is expected to augment market growth in the near future.

Powder coatings have numerous advantages over other coatings such as lower operating costs, immediate availability, negligible VOC emission, excellent appearance, and uniform thickness. In addition, they are relatively easier to apply in thick layers of coating, which results in smooth and uniform appearance.

Rise in production of automobiles and surge in demand for medical devices is expected to be a major factor leading to the growth of the market in developing nations including India, China, Brazil, and Mexico over the forecast period. Moreover, high adoption of powder coatings in the furniture sector on account of excellent performance, low operational costs, color availability, and custom properties such as anti-corrosion and anti-bacterial functions will stimulate market expansion.

Powder coatings do not contain any solvents, which results in negligible emission of VOC in the atmosphere and reduced risk in combustion during application and storage. In addition, the powder can be easily washed off when it comes in contact with human skin which reduces health hazards for operators.

Raw materials used to manufacture powder coatings include thermoplastic and thermoset resins. Thermoplastic comprise nylon, PVC, polyolefin, ABS, and polycarbonate coatings while thermoset comprise of coatings made of epoxy, polyester, polyurethane, and acrylic coatings. Volatility in raw material prices affects the powder coating raw material pricing and acts as a restraint for the use of architectural coatings in construction applications.

The report on the world powder coatings market exclusively focuses on current powder coatings market trends and future growth of powder coatings market opportunities such as thermoset and thermoplastic. It focuses on various powder coating applications, which include appliances; automotive; architectural; furniture; agriculture, construction & earthmoving equipment (ACE); general industrial; and others. It provides information on coating method of powder coatings such as electrostatic spray and fluidized bed. Moreover, it analyzes the current powder coatings market trends across different geographies and suggests the future growth opportunities by analyzing the government regulations & policies, thereby increasing the consumer acceptance of powder coatings.

The demand for powder coatings has increased owing to growing technological advancements and increasing demand from applications, namely, architectural; appliances; automotive; furniture; agriculture, construction, and earthmoving equipment (ACE); general industrial; and others. This trend is expected to continue as it is a volatile organic compound (VOC) and solvent-free. Strict environmental regulations also boost the powder coatings market growth. The market has witnessed moderate growth during the past few years and is expected to grow at a CAGR of 5.4%, in terms of revenue, during the forecast period.

Resin Insights

Polyester resin type accounted for 31.9% of the volume share in 2019 on account of its beneficial properties such as quick-drying, chemical resistance, temperature resistance, abrasion resistance, and surface protection. Surge in product demand in applications including door handles, radiator grills, wheel rims, bumpers, bicycle, and metallic structural component will propel market growth over the forecast period.

Epoxy-Polyester (Hybrid) resin type is anticipated to witness fastest growth over the forecast period on account of its properties such as toughness, flexibility, weatherability, and cheap availability as compared to other coatings. This resin type is a mixture of both polyester and epoxy resins and is mainly used for interior applications such as furniture coatings.

Application Insights

The consumer goods application segment dominated the global powder coatings market and accounting for 23.6% of the overall revenue share in 2019, and is expected to witness significant demand over the forecast period. Growing purchasing power, high standard of living, and rapid urbanization are expected to drive demand for powder coatings in consumer goods over the forecast period.

The use of powder coatings is predominant in consumer goods as these coatings do not contain solvents, exhibit higher flexibility than conventional liquid coatings, and comply with environmental regulations. Moreover, the rising demand for domestic appliances in India, China, Vietnam, Philippines, and Thailand is expected to boost the demand for powder coatings in the coming years.

The automotive application segment is expected to witness fastest growth over the forecast period. Growing automobile production in U.S., Mexico, Argentina, Brazil, South Africa, Indonesia, and China is expected to boost the demand for powder coatings in automotive accessories. In addition, growth in demand for automobiles in emerging markets of China, India, Mexico, Brazil, South Africa, and Malaysia is expected to drive automotive sales in these countries.

Regional Insights

Asia Pacific was the largest market, accounting for 39.0% of global powder coatings market revenue in 2019. The positive outlook towards the construction industry of India, China, South Korea, Japan, Malaysia, Vietnam, and Indonesia is intended to promote the usage of powder coatings. Furthermore, favorable government regulatory with an objective to generate investments from FDI and public-private partnerships will fuel expansion over the forecast period.

Europe was the second largest market for global powder coating and held a market share of 28.2%, in terms of volume, in 2019. Surging automobile production in Germany, Hungary, Romania, Austria, and U.K. with strong manufacturing base of companies such as Volkswagen AG, Chevrolet, Daimler-Chrysler, Mercedes-Benz, and Dodge is expected to drive product demand. However, demand for powder coating is expected to be hampered on account of mature market for consumer goods and European Union financial crisis which has prompted consumers to cut-down on their spending in consumer goods.

Powder Coatings Market Share Insights

The market is fragmented in nature. As of 2019, the top industry players held less than 40% of the market share. Manufacturers are investing heavily in research and development activities and rely on technological developments to achieve competitive advantage through product differentiation and low cost. Moreover, manufacturers are focusing to integrate their operations through supply and distribution channels to expand their reach to the individual consumers.

Shortage and fluctuating prices of raw materials are expected to be the major factors restraining market growth, as they result in higher production costs, thereby minimizing the profit. However, high demand for the product owing to its growing use in industries such as automotive, construction, and furniture is anticipated to drive market growth in the future.

Mergers and acquisitions are among the popular strategic initiatives adopted by the key players. Jotun; Akzo Nobel N.V.; PPG Industries, Inc.; The Sherwin-Williams Company; Arkema S.A.; and Axalta Coating Systems are some of the leading players in the market.


  • Resin Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

    • Epoxy

    • Polyester

    • Epoxy-Polyester (Hybrid)

    • Acrylic

    • Polyurethane

    • Others

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

    • Consumer Goods

    • Architectural

    • Automotive

    • General Industries

    • Furniture

    • Others

  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Russia & CIS countries

      • Benelux

      • Turkey

      • Spain

      • Switzerland

      • Sweden

      • Poland

      • Austria

      • Norway

      • Denmark

      • Finland

      • Portugal

      • Czech Republic (CZ)

      • Slovenia

    • Asia Pacific

      • China

      • India

      • Japan

      • Thailand

    • Central and South America

      • Brazil

      • Argentina

    • Middle East and Africa

      • Saudi Arabia

      • South Africa

The Powder Coatings market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Powder Coatings market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Powder Coatings market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Powder Coatings market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Powder Coatings market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Powder Coatings capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Powder Coatings by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Powder Coatings market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Powder Coatings market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Powder Coatings market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Powder Coatings industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Powder Coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Powder Coatings market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Powder Coatings market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Powder Coatings market. These factors have benefited the growth of the global market for Powder Coatings. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Powder Coatings. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Powder Coatings are as follows:

  • History Year: 2016-2019
  • Base Year: 2019
  • Estimated Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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