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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:
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
Why is the demand for powder thermoset coatings rising?
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.
Why is the powder coatings industry growing in Asia Pacific?
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.
How much is the powder coatings market worth?
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.
Who are the major powder coatings industry players?
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.