Market Overview

The Global Powder Coatings Market was valued at USD 15,482.8 million in 2023 and is expected to reach USD 23,226.1 million by 2031 while growing at a CAGR of 5.2% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global powder coatings market growth. Powder coatings, a dry finishing process, apply a durable layer onto a substrate. Unlike conventional liquid coatings, they are applied as a free-flowing, dry powder, with the process involving electrostatically charging the powder particles attracted to the grounded substrate.

Increasing environmental sustainability and cost-effectiveness propel the growth of the powder coatings market, yet obstacles such as complex application processes and substrate compatibility may impede its expansion.

Furthermore, the global powder coatings industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Resin Type Analysis

The Global Powder Coatings Market is segmented among Acrylic, Epoxy, Polyester, Polyurethane, Epoxy-Polyester, and Others, based on Resin Type. In 2023, Polyester accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By End-user Industry Analysis

The Global Powder Coatings Market is segmented among New Architecture and Decorative, Automotive, Industrial, and Others, based on End-user Industry. In 2023, Automotive accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Powder Coatings Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Akzo Nobel NV, Asian Paints PPG Pvt. Limited, Axalta Coating Systems LLC, BASF SE, Berger Paints India Limited, Cardinal, IFS Coatings, IGP Pulvertechnik AG, Jotun, and Kansai Paint Co. Ltd.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Powder Coatings Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Powder Coatings Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Powder Coatings Market Segmentation, By Resin Type  

• Global Powder Coatings Market Share Analysis, By Resin Type  

• Global Powder Coatings Market Growth Analysis, By Resin Type  

• Global Powder Coatings Market Trends, By Resin Type  

o Acrylic

o Epoxy

o Polyester

o Polyurethane

o Epoxy-Polyester

o Others

6. Global Powder Coatings Market Segmentation, By End-user Industry

• Global Powder Coatings Market Share Analysis, By End-user Industry

• Global Powder Coatings Market Growth Analysis, By End-user Industry

• Global Powder Coatings Market Trends, By End-user Industry

o Architecture and Decorative

o Automotive

o Industrial

o Others

7. Global Powder Coatings Market Segmentation, By Region

• Global Powder Coatings Market Share Analysis, By Region

• Global Powder Coatings Market Growth Analysis, By Region

• Global Powder Coatings Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Akzo Nobel NV*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Asian Paints PPG Pvt. Limited

• Axalta Coating Systems LLC

• BASF SE

• Berger Paints India Limited

• Cardinal

• IFS Coatings

• IGP Pulvertechnik AG

• Jotun

• Kansai Paint Co. Ltd

 *Similar analysis will be provided for each company listed above.