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Powder Coatings Market Share

Report ID: GMI379
Published Date: Jul 2024
Report Format: PDF

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Powder Coatings Market Share

These industry players are focusing on innovations in addition to developing advanced formulations, such as low temperature curing and ultra-durable powders to meet diverse needs. Mergers and acquisitions are enabling market expansion and entry of new technologies. These companies are also investing in expanding their manufacturing base and building new locations in emerging markets for attaining competitive edges.

Powder Coatings Market Companies

Major players operating in the powder coating industry include:

Kansai Paints
Evonik Industries.
AkzoNobel N.V.
Hentez Coating Inc
Vogel Paint Inc
loverdale Paint Inc
Asian Paints
BASF
Axalta Coating System
Nippon Paint Co. Ltd.
PPG Industries
Dupont Coating & Color Technologies Groupss
RPM International
The Valspar Corporation
Protech Oxyplast Powder Coating
The Sherwin-Williams Company
Dulux Powder & Industrial Coating
Jotun Powder Coatings
Somar Corporation
Marpol

Powder Coatings Industry News

In May 2024, AkzoNobel launched Interpon A3000, a single-layer powder coating for motorcycles for offering improved cost savings and energy efficiency without sacrificing performance or aesthetics.
In May 2024, Axalta Coating Systems launched Alesta BioCore powder coatings using non-food organic waste to reduce environmental impacts in the industry.

The powder coatings market includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Million) (Tons) from 2024 to 2032, for the following segments:

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Market, By Type

Thermoplastic
- Nylon
- Others
Thermoset
- Epoxy
- Polyester
- Polyurethane
- Acrylic
- Epoxy polyester hybrid
Fusion bonded epoxy

Market, By End-User

Indoor air quality
Architectural
Jobbers
Agricultural/Construction equipment
Pipeline
Oil & Gas
Appliances
General Metal
- Furniture
- Others
Automotive & transportation components
- Wheels
- Others
Others

Market, By Substrate

Metallic
Non-metallic

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size for powder coatings was valued at over USD 15.2 billion in 2023 and is expected to record over USD 26.3 billion by the end of 2032, driven by the rapid technological advancements and increasing demand from various end-use industries.

The thermoset segment of the powder coatings market will generate over USD 24.6 billion by 2032, due to its superior chemical and physical properties, which help meet the high-performance demands of several industries.

Asia Pacific powder coating industry recorded over USD 9.1 billion in 2023 and is likely to generate over USD 16.3 billion by the end of 2032, attributed to rapid industrialization and urbanization.

BASF, Axalta Coating System, Nippon Paint Co. Ltd, PPG Industries, Dupont Coating & Color Technologies Groupss, RPM International, The Valspar Corporation, Protech Oxyplast Powder Coating, The Sherwin-Williams Company, and Dulux Powder & Industrial Coating among others.