Powder Coatings: A Leading Driver Behind Powder Coatings Market Soars As The Construction Sector Flourishes Market Expansion in 2025

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What Will the Powder Coatings Industry Market Size Be by 2025?
The market size for powder coatings has witnessed robust growth in the past few years. Its projected growth is from $20.51 billion in 2024 to reach $22.18 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.1%. The substantial growth during the historical period is credited to its durability and resistance to corrosion, its extensive use in industrial and manufacturing sectors, the automotive industry, and in the architectural and construction materials sector.

What's the Long-Term Growth Forecast for the Powder Coatings Market Size Through 2029?
Over the coming years, the powder coatings market size is anticipated to experience robust growth, with projections estimating it to reach $29.03 billion by 2029, advancing at a compound annual growth rate (CAGR) of 7.0%. Factors contributing to this growth over the forecast period include its sustainability and minimal environmental impact, growth in renewable energy infrastructure, expansion of the automotive industry, and the development of customized and functional coatings. Key trends to watch during the forecast period include technological innovations, the emergence of smart coatings, the incorporation of nanotechnology, and the use of bio-based powder coatings.

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What Are the Key Growth Drivers Fueling the Powder Coatings Market Expansion?
The rising demand in the construction sector is predicted to stimulate the expansion of the powder coatings market. The construction industry, which comprises an array of undertakings such as planning, designing, constructing, refurbishing and maintaining physical structures and infrastructure, commonly utilizes powder coatings. These are often applied to architectural elements including aluminium and steel window frames, doors, railings and curtain wall systems to provide a sturdy, weather-resistant and appealing finish that augments the aesthetic value of buildings. For example, the US Census Bureau, a government agency based in the US, reported an increase in the value of construction projects from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Therefore, the mounting demand in the construction sector is fuelling the advancement of the powder coatings market.

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What Are the Key Trends Driving Powder Coatings Market Growth?
Businesses are currently concentrating their efforts on advanced coating techniques for heat-sensitive materials, such as medium-density fiberboard (MDF). This innovation demands less energy since the curing procedure takes place at a reduced temperature compared to the traditional method. For example, IGP-RAPID, introduced by IGP, merges new raw materials with their proprietary technology to facilitate lower-temperature powder coating at 266 °F (130 °C) in just 3 minutes. This environmentally friendly technology not only improves product design but also offers sustainable functional preservation.

How Is the Powder Coatings Market Segmented?
The powder coatings market covered in this report is segmented -

1) By Type: Thermoset, Thermoplastic
2) By Coating Method: Electrostatic Spray, Fluidized Bed
3) By End Userr Application: Appliances, Automotive, Architectural, Furniture, Agriculture, Construction, And Earthmoving Equipment (ACE), General Industrial, Other End-User Applications

Subsegments:
1) By Thermoset: Epoxy, Polyester, Epoxy-Polyester Hybrid, Polyurethane, Acrylic
2) By Thermoplastic: Polyvinyl Chloride (PVC), Nylon, Polyolefin, Polyvinylidene Fluoride (PVDF)

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Which Companies Are Leading the Charge in Powder Coatings Market Innovation?
Major companies operating in the powder coatings market include AkzoNobel NV, PPG Industries Inc., Sherwin-Williams Company, BASF SE, Axalta Coating Systems Ltd., Kansai Nerolac Paints Limited, Jotun Group, IFS Coatings, Valspar Corporation, Asian Paints Ltd., RPM International Inc., Dulux Powder & Industrial Coating, DuPont de Nemours, Inc., Somar Corporation, Protech Group, Nippon Paint Co. Ltd., Evonik Industries AG, Berger Paints Limited, IGP Pulvertechnik AG, TIGER Coatings GmbH & Co. KG, Cloverdale Paint Inc., Vogel Paint Inc., Hentzen Coating Inc., Alpha Coating Technologies Inc., Ferro arte de mexico sa de cv, TCI Powder Coatings, Prismatic Powders, Precision Coatings Inc., S&B Finishing Co. Inc., Rohner Powder Coating, Pro Powder & Paint Inc., Premier Powder Coating Ltd., Rite-Way Powder Coating Inc., Reliant Finishing Systems

Which Regions Are Leading the Global Powder Coatings Market in Revenue?
Asia-Pacific was the largest region in the powder coatings market in 2023. Western Europe was the second-largest region in the global powder coatings market. The regions covered in the powder coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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