Global Power Coating Market Overview:
Previously in 2018, the global power coating market size was valued at USD 9.33 billion and estimated to project the value of USD 14.70 billion in 2025 during the forecast period.
Powder coating is a generally a type of free flowing, dry powder which can be applied on a variety of metals including aluminium extrusions, automobile & bicycle, household appliances, drum hardware and many others. The powder is essentially used instead of conventional paint as it produces thicker coatings without sagging or running.
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Rising technological advancements, growth of stringent environment regulations and rising applications across end-user industries are driving the global powder coating market. On the other side of the global powder coating industry, it is difficult to obtain thin film and high start-up cost as well as high energy consumption hampers the powder coating market growth.
In terms of segmentation of the powder coating market trends, the consumer good segment has efficiently influenced powder coating market by occupying more than 22% share of global powder coating market throughout the study period. Due to increasing sales of consumer goods such as fridge, microwave, iron and dishwasher, and refrigerator are propelling the demand for powder coating further. The powder coating properties are more likely suitable for these appliances as they are solvent free and doesn’t emits any hazardous gas. Apart from being environment friendly, the coats also increased the durability of consumer appliances.
The global power coating market share is segmented into several classifications including resin type, application overview, coating method, substrate, and regional overview. On the basis of resin type the global powder coating market is segmented into two notable segments including thermoset, and thermoplastic. Whereas, thermoset is sub segmented into Epoxy Polyester hybrid, epoxy, polyester, acrylic, polyurethane, and others. Thermoplastic is sub segmented into polyvinyl chloride, nylon, polyvinyl fluoride (PVF) and polyolefin. Moreover, based on the coating method, the global powder coating market is classified into electrostatic spray coating, fluidized bed coating, electrostatic fluidized bed process and flame spraying. Based on the substrate, the global powder coating market is fragmented into metallic and non-metallic.
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Based on the application overview the global power coating industry is categorized into consumer goods, architectural, automotive, general industries, furniture, and others.
In terms of geographical overview, the global power coating market is widely range to North America, US, Europe, United Kingdom, Germany, Asia Pacific, India, China, Japan, Rest of the World.
Furthermore, China is expected to produce considerable opportunities for increasing powder coating market share due to expanding mining and construction equipment industry. According to European Coating journal, the construction sector in China is expected to witness an annual growth rate of around 5% to 7% between years 2017 ad 2018. This would generate a major demand for associate coatings and equipment.
Leading players of the global power coating market include 3M, PPG Industries, Sherwin-Williams, Arkema Group, Nippon Paint, AkzoNobel, Axalta Coating Systems, Jotun, BASF Coatings, Hentzen Coatings, Inc, Jotun, Evonik Industries AG, Diamond Vogel, Cloverdale Paint Inc, Marpol Private Limited, Ppg Industries, Inc, Rpm International Inc, Somar, The Sherwin-Williams Company, Wacker Chemie AG, Berger Paints India Limited, Asian Paints, Kansai Paint and Valspar and more others.
Key segments of the global powder coating market
Application Overview, 2015-2025 (USD million) (Kilo tons)
- Consumer Goods
- General industries
Regional Overview, 2015-2025 (USD million) (Kilo tons)
- North America
- United Kingdom
- Asia Pacific
- Rest of the World
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Table of Content;
Chapter 1 Executive Summary
Chapter 2 Research Methodology
Chapter 3 Market Outlook
Chapter 4 Global Powder Coating Market Overview, By Application
Chapter 5 Global Powder Coating Market Overview, By Region
Chapter 6 Company Profiles
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