Powder Coatings Market Size worth USD 20.79 billion, Global Share, Recent Trends, Top Leading Players with Strategies and Forecast 2029

Powder Coatings Market Overview:

The report on the world powder coatings market exclusively focuses on the current powder coatings market trends, future growth, and opportunities such as thermoset and thermoplastic. It focuses on various powder coating applications, which include appliances; automotive; architectural; furniture; agriculture, construction & earthmoving equipment (ACE); general industrial; and others. It provides information on coating method of powder coatings such as electrostatic spray and fluidized bed. Moreover, it analyzes the current powder coatings industry trends across different geographies and suggests the future growth opportunities by analyzing the government regulations & policies, thereby increasing the consumer acceptance of powder coatings.

The global Powder Coatings market size was valued at USD 12.56 billion in 2020 and is expected to expand USD 20.79 billion by 2029, at a CAGR 4.2% during the forecast period 2022-2029.

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Powder Coatings Market Key Players

The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are AkzoNobel N.V., PPG Industries, Sherwin Williams, BASF SE, Axalta Coating Systems, Kansai Nerolac Paints Limited, Jotun, IFS Coatings, The Valspar Corporation and Others

Recent Development

In Feburary 2022, PPG Industries announced that it has entered into an agreement to acquire the powder coatings business of Arsonsisi, an industrial coatings company based in Milan, Italy. The transaction is expected to close in the first quarter of 2022.
In December 2021, PPG Industries announced an investment of USD 2.7 million to expand its powder coatings manufacturing capabilities at its facility in Sumaré, in the Brazilian state of São Paulo. The project will increase the plant's production capacity for powder coatings by approximately 40%, beginning in the third quarter of 2022.
In Feburary 2021, AkzoNobel opens new R&D lab dedicated to low cure powder coatings. The new R&D facility features an application lab, process lab, and analytical and testing lab dedicated to delivering low cure powder coatings for use on heat-sensitive substrates.

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Powder Coatings Market Segmentation:

Powder Coatings Market by Type, 2022-2029, (USD Million, Kilotons)

Thermoset
Thermoplastic

Powder Coatings Market by Coating Method, 2022-2029, (USD Million, Kilotons)

Electrostatic Spray
Fluidized Bed
Others

Powder Coatings Market by End Use, 2022-2029, (USD Million, Kilotons)

Appliances
General Industrial
Automotive
Architectural
Furniture
Others

Growth Factors:

Increasing demand from the Powder Coatings industries
The growing use of Powder Coatings in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Powder Coatings Market

Powder Coatings Market Regional Analysis

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering

North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Key Powder Coatings Market Trends

- The report identifies, determines, and forecasts the Global Powder Coatings Market segments based on their type, sub-type, technology used, applications, end-users, and regions.

- Industry to Industry Holds Largest Share in the Powder Coatings Market

- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.

- Demand from Regional / geographical is expected to drive the Growth

- Rising Adoption of Market Segments in the Powder Coatings Growth

- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Powder Coatings Market.

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