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Powder Coatings Market Projected to Reach USD 27.25 Billion by 2034, with an Impressive CAGR of 5.1%

12-11-2024 07:34 AM CET | Chemicals & Materials

Press release from: Polaris Market Research & Consulting

Powder Coatings Market Projected to Reach USD 27.25 Billion

๐๐จ๐ฐ๐๐ž๐ซ ๐‚๐จ๐š๐ญ๐ข๐ง๐ ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

Powder Coatings-Market Insights, Size Revenue, Outlook, Overview, and Analysis. The powder coatings market was estimated to be worth USD 16.54 billion in 2024 and is predicted to expand to USD 27.25 billion by 2034, with a CAGR of 5.1% from 2025 to 2034.

๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐’๐œ๐จ๐ฉ๐ž:

This comprehensive study provides an accurate overview of the worldwide powder coatings market. Comprehensive analyses of sales volume, price, revenue, market share, and important companies are included. The market is further divided into segments by resin type, coating method, application, and region in the study, which offers a comprehensive picture of the state of the market.

๐†๐ž๐ญ ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/powder-coatings-market/request-for-sample

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ž๐Ÿ๐ข๐ง๐ข๐ญ๐ข๐จ๐ง:

Powder coating refers to a form of coating that is applied in a dry, free-flowing powder form. It is a widely used technique for surface finishing on various materials, such as metals, plastics, and ceramics. The method entails electrostatically depositing charged powder particles onto a surface and subsequently curing the coating with heat, resulting in the powder melting and creating a tough, durable finish. Powder coatings offer a strong and long-lasting finish that withstands chipping, scratching, fading, and various types of wear and tear. In contrast to conventional liquid coatings, powder coatings are solvent-free, leading to lower emissions of volatile organic compounds (VOCs) into the atmosphere. This renders powder coatings a more eco-friendly choice.

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐“๐ซ๐ž๐ง๐๐ฌ:

โ— Powder coatings are being utilized in new sectors, such as fixtures, oil and gas, and wastewater management. As innovations progress and applications multiply, the need for powder coatings continues to grow.
โ— Powder coatings are utilized through a two-step procedure. Initially, the surface is cleaned and degreased to eliminate impurities, after which an electrostatically charged powder is sprayed onto the material with a spray gun. The excess sprayed powder can be collected and reused using the powder reclamation technique, making powder coatings recyclable.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ฆ๐จ๐ซ๐ž ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž:
https://www.polarismarketresearch.com/industry-analysis/powder-coatings-market/inquire-before-buying

๐“๐จ๐ฉ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ:

In this extremely competitive market, major rivals constantly innovate and differentiate their products in an effort to take the lead in the market. Here are the top companies in the powder coatings market:

โ€ข RPM International Inc
โ€ข The Valspar Corporation
โ€ข Nippon Paint Holdings Co. Ltd.
โ€ข Asian Paints Limited
โ€ข Somar Corporation
โ€ข Jotun A/S
โ€ข Sherwin-Williams Company
โ€ข Axalta Coating System LLC
โ€ข Akzonobel N.V. and PPG Industries

๐Š๐ž๐ฒ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐Ÿ ๐๐จ๐ฐ๐๐ž๐ซ ๐‚๐จ๐š๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:

โ€ข By resin type insights, the polyester segment dominated the powder coatings market with a revenue share of 27.1% in 2024. This is primarily because these resins are suitable for harsh outdoor conditions and find applications as reinforced linings.
โ€ข By application insights, the consumer goods segment held the largest powder coatings market revenue share of 23.9% in 2024, as powder coatings find widespread applications in several consumer goods.
โ€ข Asia Pacific accounted for the largest revenue share of 38.1% in 2024. The rapid urbanization and industrialization in major nations such as India and China have led to increased demand for powder coatings in the region.
โ€ข North America emerged as the second-largest regional market in 2024. The presence of various end-use sectors, including construction and automotive, in countries such as Canada and the US drives the need for powder coatings in North America.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐“๐ก๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‚๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ž๐ซ๐ž:
https://www.polarismarketresearch.com/industry-analysis/powder-coatings-market

๐‚๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ-๐–๐ข๐ฌ๐ž ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:

According to regional analysis, Asia Pacific had the largest revenue share of 38.1% in 2024. The swift urbanization and industrial growth in significant countries like India and China have heightened the need for powder coatings in the region.
Also, in 2024, North America became the second-largest regional market. The existence of different end-use sectors, such as construction and automotive, in nations like Canada and the US fuels the demand for powder coatings in the region.

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ฅ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค:

Powder Coatings Market, Resin Type Outlook (Revenue - USD Billion, 2020-2034)
โ€ข Epoxy
โ€ข Polyester
โ€ข Epoxy-Polyester (Hybrid)
โ€ข Acrylic
โ€ข Polyurethane
โ€ข Others

Powder Coatings Market, Applications Outlook (Revenue - USD Billion, 2020-2034)
โ€ข Consumer Goods
โ€ข Architectural
โ€ข Automotive
โ€ข General Industries
โ€ข Furniture
โ€ข Others

Powder Coatings Market, Coating Method Outlook (Revenue - USD Billion, 2020-2034)
โ€ข Electrostatic Spray Coating
โ€ข Fluidized Bed Coating
โ€ข Electrostatic Fluidized Bed Process
โ€ข Flame Spraying

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

N-Butanol Market:
https://www.polarismarketresearch.com/industry-analysis/n-butanol-market

Sic Fibers Market:
https://www.polarismarketresearch.com/industry-analysis/sic-fibers-market

Polycarbonate Sheet Market:
https://www.polarismarketresearch.com/industry-analysis/polycarbonate-sheet-market

Industrial Enzymes Market:
https://www.polarismarketresearch.com/industry-analysis/industrial-enzymes-market

Proppants Market:
https://www.polarismarketresearch.com/industry-analysis/proppants-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:
Likhil G
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter

๐€๐›๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก & ๐‚๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐ˆ๐ง๐œ:

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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