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Powder Coatings Market - Global Outlook and Forecast 2021-2026

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  • 261 Pages
  • April 2021
  • Region: Global
  • Arizton
  • ID: 5313419
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In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Powder Coatings Market Report

The global powder coatings market by revenue is expected to grow at a CAGR of approx. 6% during 2020-2026.

The global powder coating market size was valued at USD 9.7 billion in 2020 and is expected to reach USD 14 billion by 2026, exhibiting a compound annual growth rate (CAGR) of 6% during 2021-2026. The market is expected to grow 1.4 times during the forecast period. APAC is the largest contributor to the market. China holds the largest share in the market as there are over 500 producers with small-scale operations supplying powder coatings to the local market. The APAC market will witness the highest growth due to the increasing construction and infrastructure activities during the forecast period. China's demand is likely to be driven by architectural developments, increasing consumer goods application, and rising automotive demand. Increased investments in construction, marine, and oil and gas industries are also influencing market growth. The demand for powder coatings is also driven by the development of high-quality infrastructure and heavy investments in the automotive industry. Moreover, the demand for coatings with low VOC content has increased with the introduction of strict regulations in North America, Europe, and China. The need for low emission coatings has driven the demand for environment-friendly material over the last few years.

The following factors are likely to contribute to the growth of the powder coatings market during the forecast period:
  • Increase in Demand from the Automotive and Transportation Industry
  • Expanding Use of Fluoropolymer in Architectural Applications
  • Sustainable Powder Coatings with Recycled plastics
  • Introduction of Innovative Powder Coatings

The study considers the global powder coating market's present scenario and its market dynamics for the period 2020−2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.


Epoxy, polyester, and acrylic are the three generic types of resins derived from thermoset powder coating. The demand for epoxy-based powder coatings is likely to increase during the forecast period. Strict governmental regulations, increased pressure to reduce volatile organic compounds (VOC), and the introduction of zero VOC powder coating systems that provide adequate protection against corrosion at low temperatures have increased the demand for epoxy resins. The demand for eco-friendly materials from the construction industry has accelerated the growth of the coatings market in North America.

The appliances industry is the largest contributor to the global powder coatings market. Powder coatings are widely applied on appliances as they provide two-fold benefits - aesthetics and resistance to corrosion. They are used in kitchen appliances as they are economical and easy to coat, and they deliver excellent durability and resistance to chemicals and detergents. The automotive industry is another vital end-user of powder coatings. They are applied on wheels, which offer UV durability and scratch resistant. Polyesters, acrylics, super durables, and urethanes are widely powder chemistries applied in the automotive industry. They increase scratch and abrasion resistance, durability, and aesthetics. The general industrial segment is another important end-user. The coating is applied on metal frames, electrical transformers, shelving, propane tanks, water towers, renewable energy, machinery, and leisure equipment to increase abrasion resistance, durability, and aesthetics.

Resin Type
  • Thermoset Resin
  • Epoxy
  • Epoxy polyester
  • Polyester
  • Polyurethane
  • Others
  • Thermoplastic Resin

End-User Industry
  • Appliances/ Consumer Goods
  • Automotive
  • General Industrial
  • Furniture
  • Architectural
  • Others


The increasing demand for coating powders from China is the major driver for the APAC powder coatings market's growth. Stringent environmental regulations are driving the demand in the region. China has enforced strict environmental regulations for paint and coating manufacturing. Beijing and Shanghai have strict environmental standards. Another factor driving the demand for powder coatings is the Chinese government is aggressively promoting electric vehicles (EV). The government is targeted to increase the sale of EVs to 50% by 2035, which currently stands at 5%. As the EV industry grows in China, the demand for powder coatings for finishing is expected to grow. This is likely to increase the demand for plastic substrate coatings in the automotive market. China is expected to be the largest contributor to the global market during the forecast period. The growth of powder coatings is tied to the rise in infrastructure investments in the country. China is expected to contribute 40% to global infrastructure investments by 2040.

  • North America
  • US
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Russia
  • Spain
  • APAC
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • Thailand
  • Latin America
  • Brazil
  • Mexico
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa


Due to the highly competitive and volatile environment in the powder coatings market, future market growth mainly depends on the vendor’s ability to anticipate, gauge, and adapt to the constantly changing market trends. Manufacturers must develop environment-friendly coatings with low or no VOC content and successfully introduce new or improved products on time. AkzoNobel, PPG Industries Inc., Sherwin Williams, RPM International Inc., Axalta Coatings Systems, and DSM are the major vendors capturing the major powder coatings market share. The introduction of innovative and proprietary products that cater to customer demands requires companies to devote significant effort and resources. The research and development team needs to continuously analyze market trends to design, develop, and manufacture new product categories and new products with distinctive features and added advantages.

Prominent Vendors
  • AkzoNobel
  • PPG Industries Inc.
  • Sherwin Williams
  • RPM International Inc.
  • Axalta Coatings Systems
  • DSM

Other Prominent Vendors
  • Allnex Italy SRL
  • Arkema SA
  • Asian Paints Limited
  • BASF
  • Berger Paints
  • Diamond Vogel
  • Dulux Group
  • Jotun
  • Eastman Chemical Company
  • Evonik
  • Nippon Paint Holdings Limited
  • Tiger Coatings
  • Teknos
  • Kansai Paint
  • KCC Corporation
  • Sika AG
  • Wacker Chemie AG
  • Arsonsisi s.p.a
  • iBA Kimya
  • CWS Powder Coatings
  • Erie Powder Coatings Inc.
  • Europolveri SpA
  • Hentez Coatings Inc.
  • IFS Coatings
  • Karl Wörwag Lack-und Farbenfabrik GmbH & Co.KG
  • Keyland Polymer
  • Modern Sak Factory

1. How big is the global powder coating market?
2. What effect the COVID-19 pandemic has on the powder coatings market?
3. How have regulations affected the powder coatings industry?
4. Which segment accounts for the largest powder coatings market share?
5. What are the key factors driving the powder coatings market?

Table of Contents

1 Research Methodology2 Research Objectives3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope Of The Study
4.4 Market Segments
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Global Powder Coatings Market
7.2 APAC - The Largest Contributing Region
7.3 Key Insights for The Powder Coatings Market
8 Powder Coating Application Methods
8.1 Preparation Stage
8.2 Application Stage
8.3 Impact Of COVID-19
8.4 Voice Of Industry Experts On Powder Coatings
9 Market Opportunities & Trends
9.1 Increase in Demand From The Automotive And Transportation Industry
9.2 Expanding Use of Fluoropolymers In Architectural Applications
9.3 Increasing Use of Low-Temperature Powder Cure Technology
9.4 Sustainable Powder Coatings With Recycled Plastics
9.5 Introduction of Innovative Powder Coatings
10 Market Growth Enablers
10.1 Powder Coatings Generating Low Or No VOC
10.2 Evolving Use In The Aerospace Market
10.3 Increasing Environmental Regulations
11 Market Restraints
11.1 High Cost of Raw Materials
11.2 Difficulty in Obtaining Thin Films In Powder Coatings
12 Supply Chain Analysis
13 Growth Opportunity Analysis
13.1 By Resin
14 Market Landscape
14.1 Market Size & Forecast
14.2 Five Forces Analysis
15 Resin Type
15.1 Market Snapshot & Growth Engine (Revenue)
15.2 Market Overview
16 Thermoset Resin
16.1 Market Overview
16.2 Epoxy
16.3 Epoxy Polyester Hybrids
16.4 Polyester
16.5 Polyurethane
16.6 Other
17 Thermoplastic Resins
17.1 Market Overview
18 End-User Industries
18.1 Market Snapshot & Growth Engine
18.2 Market Overview
18.3 Appliances Or Consumer Goods
18.4 Automotive
18.5 General Industrial
18.6 Furniture
18.7 Architectural
18.8 Others
19 Geography
19.1 Market Snapshot & Growth Engine (Revenue)
19.3 Geographic Overview
20.1 Market Overview
20.2 Market Size & Forecast
20.3 Resin Type
20.4 Thermoset Resin
20.5 End-User Industry
20.6 Key Countries
21 Europe
21.1 Market Overview
21.2 Market Size & Forecast
21.3 Resin Type
21.4 Thermoset Resin
21.5 End-User Industry
21.6 Key Countries
22 North America
22.1 Market Overview
22.2 Market Size & Forecast
22.3 Resin Type
22.4 Thermoset Resin
22.5 End-User Industry
22.6 Key Countries
23 Middle East & Africa
23.1 Market Overview
23.2 Market Size & Forecast
23.3 Resin Type
23.4 Thermoset Resin
23.5 End-User Industry
23.6 Key Countries
24 Latin America
24.1 Market Overview
24.2 Market Size & Forecast
24.3 Resin Type
24.4 Thermoset Resin
24.5 End-User Industry
24.6 Key Countries
25 Competitive Landscape
25.1 Competition Overview
26 Key Company Profiles
26.1 Akzonobel
26.2 PPG Industries INC.
26.3 Sherwin-Williams
26.4 RPM International Inc.
26.5 Axalta Coatings Systems
27 Other Prominent Vendors
27.1 Allnex
27.2 Arkema SA
27.3 Asian Paints Limited
27.4 BASF
27.5 Berger Paints
27.6 Diamond Vogel
27.7 DSM
27.8 Dulux Group
27.9 Jotun
27.10 Eastman Chemical Company
27.11 Evonik
27.12 Nippon Paint Holdings Company
27.13 Tiger Coatings
27.14 Teknos
27.15 Kansai Paint
27.16 KCC Corporation
27.17 Sika AG
27.18 Wacker Chemie AC
27.19 Arsonsisi
27.21 CWS Powder Coatings Gmbh
27.22 ERIE Powder Coatings Inc.
27.23 Europolveri SPA
27.24 Hentzen Coatings, Inc.
27.25 IFS Coatings
27.26 Karl Wörwag Lack- Und Farbenfabrik Gmbh & Co. Kg
27.27 Keyland Polymer
27.28 Modern SAK Factory
28 Report Summary
28.1 Key Takeaways
28.2 Strategic Recommendations
29 Quantitative Summary
29.1 Powder Coating Market by Geography
29.2 Thermoset Resin Type
29.3 Thermoplastic Resin Type
29.4 End-User Industry
29.5 Geography
29.6 APAC
29.7 Europe
29.8 North America
29.9 Middle East & Africa
29.10 Latin America
30 Appendix

Companies Mentioned

  • AkzoNobel
  • PPG Industries Inc.
  • Sherwin Williams
  • RPM International Inc.
  • Axalta Coatings Systems
  • DSM- Allnex Italy SRL
  • Arkema SA
  • Asian Paints Limited
  • BASF
  • Berger Paints
  • Diamond Vogel
  • Dulux Group
  • Jotun
  • Eastman Chemical Company
  • Evonik
  • Nippon Paint Holdings Limited
  • Tiger Coatings
  • Teknos
  • Kansai Paint
  • KCC Corporation
  • Sika AG
  • Wacker Chemie AG
  • Arsonsisi s.p.a
  • iBA Kimya
  • CWS Powder Coatings
  • Erie Powder Coatings Inc.
  • Europolveri SpA
  • Hentez Coatings Inc.
  • IFS Coatings
  • Karl Wörwag Lack-und Farbenfabrik GmbH & Co.KG
  • Keyland Polymer
  • Modern Sak Factory


Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.