What is Powder Coating Market?
Powder coating is a type of coating that is applied as a dry powder or free-flowing. It is totally dissimilar from traditional liquid paint, as it needs a solvent for the binder and filler parts to form in a suspending liquid. It is applied through electrostatic means and cured by heating to build a skin. There are two basic types of powder coatings such as thermoplastics and thermosets. Thermosetting uses a crosslinker in its formulation. When baked, it reacts with the prevailing chemical groups present within powder so as to undergo polymerization. This enhances the coating's properties and performance. The thermoplastic type involves no extra actions during the process of baking; it just flows into the resulting coating. It is mainly used to coat metals, like aluminum extrusions, household appliances, bicycle, and automobile parts and drum hardware.
Highlights from Powder Coating Market Study
|Unit||Value (USD Billion)|
|Key Companies Profiled||Akzonobel N.V. (Netherlands), Asian Paints Limited (India), Axalta Coating Systems, LLC (United States), Berger Paints India Limited (India), Jotun A/S (Norway), Kansai Paint Company Limited (Japan), PPG Industries, Inc. (United States), The Sherwin-Williams Company (United States), The Valspar Corporation (United States) and Somar Corporation (Japan)|
The Powder Coating market is fragmented as the top companies collectively accounted for 40% of the overall share. Manufacturers invest in research & development activities and rely on technological developments to achieve competitive advantage through product differentiation and low cost. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Powder Coating market throughout the forecasted period. Akzonobel N.V. (Netherlands), Asian Paints Limited (India), Axalta Coating Systems, LLC (United States), Berger Paints India Limited (India), Jotun A/S (Norway), Kansai Paint Company Limited (Japan), PPG Industries, Inc. (United States), The Sherwin-Williams Company (United States), The Valspar Corporation (United States) and Somar Corporation (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Alpha Coating Technologies (United States), BASF SE (Germany), Benjamin Moore & Co (United States), Cardinal (United States), Nippon Paint Holdings Co., Ltd. (Japan), RPM International Inc. (United States), TCI, Inc. (United States) and United Coatings Industries (United States).
Powder Coating Market Segmentation:
According to AMA, the Global Powder Coating market is expected to see steady growth rate and may see market size of USD16.59 Billion by 2027.
|Type||Polyester resin and Epoxy-Polyester|
|Coating Method ||Electrostatic Spray,Fluidized Bed,Others|
|End-use Industry||Automotive,Appliances,General Industrial,Architectural,Furniture,Others|
On the basis of Type, Polyester resin are dominating the market in the year 2021
On the basis of geography, the market of Powder Coating has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2021. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Stringent Government Regulations
- Growing the Demand for Powder Coatings in Various End-Use Industries
- Latest Technological Advancements
- Trouble in Obtaining Thin Films
- Use of Reed Sensors in Emerging Technologies
- Growing Usage of Powder Coating in Automotive Industry
- Emerging Applications in Pipeline Industries and Shipbuilding
- Fluorine Resin Powder Coating
- Powder Coating Applied To Coil Coating
- The Emergence of New Application Methods
- Environmental Associated challenges
Market Leaders & Development Strategies
On November 27, 2017, AkzoNobel, a leading paints and powder coatings player, has announced the acquisition of V.Powdertech Co., Ltd., the leading Thai manufacturer of powder coatings, providing a wide range of products for furniture, domestic appliances, and general industrial applications. The acquisition is expected to bring innovative technologies as well as services to complement AkzoNobelís global technology business and portfolio in market segments such as automotive and architectural coatings.
On 5 Dec 2018, AkzoNobelís has launched Interpon Coarse Texture Low-E, Initially being launched in Europe, it is especially good at covering small defects on metal, while also offering greater production and energy efficiency compared with similar products of this type. Itís aimed in particular at industrial producers of shelves, gym equipment, electrical cabinets, and office furniture. and On 12 February 2018, owing to significant and continuous raw material cost increases throughout 2017 and early 2018, Jotun Powder Coatings has announced a price increase of all their products with immediate effect. The necessary increase will be in a range, of up to 20 percent, depending on the specific compositions of the products.
Key Target AudiencePowder coatings manufacturers, Raw material suppliers, Manufacturing type providers, Industry associations, End-use industries such as appliances, automotive, general industrial, architectural, and furniture, among others, NGOs, governments, and regional agencies and research organizations and Investment banks, venture capitalists, and private equity firms