Powder Coatings Market is expected to reach USD 21.1 Billion by 2030 : Cognitive Market Research

Market Overview:
- What is Powder Coatings Market?
Using a dry, free-flowing powder, powder coatings are one type of coating. Powder coating is often applied electrostatically and then heated or exposed to ultraviolet radiation to cure, as opposed to traditional liquid paint, which is applied using an evaporating solvent. The use of powder coating as a dry finishing technique provides a number of benefits, including a strong resistance to coating quality degradation, which lowers the risk of scratches, corrosion, chipping, fading, and other wear-related problems. The finely ground pigment & resin particles used in this powder coating are electrostatically charged before being sprayed on the grounded parts.

Summary:
• The Powder Coatings Market size was valued at USD 14.1 Billion in 2022 and will reach USD 21.1 Billion by 2030 and is expected to grow at a CAGR of 5.3% during the forecast period (2023-2030).
• Asia Pacific has the largest revenue share in the powder coatings market.

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Market Dynamics:
• Powder Coatings Market Drivers:
Powder coatings are superior compared to other coatings in several ways cheaper operating costs, instant availability, less VOC emission, good appearance, and uniform thickness. Furthermore, they are relatively simple to cover in large layers, producing a smooth, homogeneous appearance. Throughout the course of the projected period, developing countries like India, China, Brazil, and Mexico may expect a significant increase in the manufacturing of autos and a boom in the demand for medical gadgets.
• Powder Coatings Market Opportunities:
Due to its superior chemical and weather resistance, high-performance fluorine resin-based powder coating is becoming more and more popular. The outside surface of components has been extensively coated with resin coatings containing fluorine in a range of industries. The chemical sector uses resin powder coating on chemical machinery and plant components.
• Powder Coatings Market Restraints:
Thin-film powder coatings feature exceptional flow characteristics, small perforations, few edge build-ups, and uniform distribution of raw materials throughout the powder mixture. The uneven roughness caused by polymer thickening makes it difficult to produce thin films with typical powder coatings may hamper the market growth.

Segmentation Analysis:
Resin Type
• Thermoset
• Thermoplastic
The thermoset segment has the largest revenue share in the powder coatings market in 2022. Most powder coating processes use thermoset materials because they can produce a tough and attractive top layer. The majority of thermoset granules have a molecular weight that is higher than liquid coatings but lower than thermoplastic materials. A thermoset coating cannot be made into a liquid again by additional heating since it becomes thermally solid after hardening. In a powder coating machine, the more brittle thermoset resins can be reduced to a very fine powder, which can subsequently be turned into a very thin, paint-like layer.

End-use Industry
• Appliances
• Automotive
• General Industrial
• Architectural
• Furniture
• Others
Automotive is the leading segment in the powder coatings market in 2022. In the automotive industry, traditional liquid paints were the norm. When applied, these coverings have the potential to release volatile organic substances that have detrimental effects on both the ecosystem and human health. Powder coating doesn't use solvents, unlike traditional liquid coatings, so there are no hazardous emissions discharged into the environment.

The Major Players in Powder Coatings Market are:
PPG Industries, Akzonobel, Sherwin Williams, Axalta (Dupont), Valspar Corporation, RPM International, American Powder Coatings, TIGER Drylac, 3M, IFS Coatings, Masco, Nortek Powder Coating, Trimite Powders, Vogel Paint, Midwest Industrial Coatings (MICI), Erie Powder Coatings, Hentzen Coatings, Cardinal Paint

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Regional Analysis:
• Asia Pacific accounted for the largest share of the powder coatings market, in 2022.
Asia Pacific has the largest revenue share in the powder coatings market. Market share for powder coatings was dominated by Asia Pacific in 2022. The use of powder coating in architectural applications, such as aluminium extrusions used in building facades, kitchen windows, doorframes, and other architectural components, is anticipated to increase as infrastructure development proceeds in China and India. However, throughout the course of the projection period, powder coating demand in architectural applications is anticipated to be constrained in Asia Pacific due to the significant preference for anodized aluminium extrusion.

NEWS
• Akzo Nobel N. V. acquired the wheel liquid coating business of Lankwitzer Lackfabrik GmbH
In July 2022, Akzo Nobel N. V. acquired the wheel liquid coating business of Lankwitzer Lackfabrik GmbH. This acquisition would help the company enhance its economic development in China.

Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Powder Coatings Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Powder Coatings Market Segmentation
1.5.1 Powder Coatings Market Regional Fragmentation
1.5.1 Powder Coatings Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Powder Coatings Market
Chapter 4 Global Powder Coatings Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Powder Coatings Market by Resin Type Segmentation Analysis (2018-2030)
Chapter 10 Global Powder Coatings Market by End-use Industry Segmentation Analysis (2018-2030)
Chapter 11 Global Powder Coatings Market Regional Analysis
Chapter 12 North America Powder Coatings Market Outlook (2018 - 2030)
Chapter 13 Europe Powder Coatings Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Powder Coatings Market Outlook (2018 - 2030)
Chapter 15 Latin America Powder Coatings Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Powder Coatings Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)

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