Global Powder Coatings Market Size, Share, and Forecast Analysis 2025-2029

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What Are the Powder Coatings Market Size Forecast for 2025?
The market size for powder coatings has seen substantial growth in the past few years. The market is projected to increase from a value of $19.07 billion in 2024 to around $20.4 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.0%. Factors such as durability and corrosion resistance, its use in the industrial and manufacturing sectors, the automotive industry as well as in architectural and building materials have contributed to the historical period growth.

What Is the Market Size Outlook for Powder Coatings Until 2029?
In the forthcoming years, the market size for powder coatings is projected to witness robust growth, reaching $27.88 billion in 2029 with a compound annual growth rate (CAGR) of 8.1%. The anticipated growth within this period can be ascribed to factors such as sustainable and eco-friendly aspects, development in renewable energy infrastructure, expansion of the automotive sector, and the advent of custom and functional coatings. Significant industry trends during this forecast period would encompass technological breakthroughs, intelligent coatings, the incorporation of nanotechnology, and bio-based powder coatings.

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What Are the Major Factors Driving Demand in the Powder Coatings Market?
The rise in demand within the construction sector is predicted to drive the growth of the powder coatings market. Including a wide array of activities, from planning and design to renovation and maintenance of physical structures, the construction industry frequently uses powder coatings. Architectural elements like aluminium and steel window frames, doors, railings, and curtain wall systems often benefit from these coatings, as they offer a strong, weatherproof and visually pleasing finish. For instance, the US Census Bureau, a government agency in the United States, reported that the value of construction activities increased from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. As a result, this increased demand from the construction sector is spurring growth in the powder coatings market.

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How Are End-Use Segments Shaping the Powder Coatings Market Outlook?
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)

What Are the Strategic Trends Transforming the Powder Coatings Market Landscape?
Firms are currently shifting their focus towards innovative coating solutions for heat-sensitive materials including medium-density fiberboard (MDF). This new approach requires less energy as it uses a lower temperature during the curing process in comparison to traditional methods. For example, IGP-RAPID introduced by IGP, utilizes novel raw materials melded with IGP technology to facilitate low-temperature powder coatings at 266 °F (130 °C) over a span of 3 minutes. This technology is not only environmentally friendly, but also improves product aesthetics and assures prolonged functional protection.

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Who Are the Prominent Companies in the Powder Coatings Market by ?
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 Region Is Expected to See the Highest CAGR in the Powder Coatings Market?
Asia-Pacific was the largest region in the powder coatings market in 2024. 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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