Home / Chemicals / Powder Coating Market By Resin (Epoxy, Polyester, Epoxy-Polyester, Acrylic, Polyurethane), By Application (Consumer Goods, Automotive, Architectural, General Industries, Furniture) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2023

Powder Coating Market By Resin (Epoxy, Polyester, Epoxy-Polyester, Acrylic, Polyurethane), By Application (Consumer Goods, Automotive, Architectural, General Industries, Furniture) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2023

Published: Dec 2016 | Report Code: 58264-12-16

The global market for powder coating is projected to grow significantly for the next six years owing to its various superior properties when compared to conventional paints and rising demand for powder coating from various end use sectors such as automotive, furniture and appliances among others. Support from regulatory bodies such as U.S. Environmental Protection Agency (EPA) and Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) is also contributing towards market growth.

However, thin films are difficult to obtain which is the major factor inhibiting the market growth. Emerging economies, such as Brazil, India, China, Malaysia and many GCC countries offers huge untapped market potential.  Moreover, advancement in technologies is another factor which will provide huge market opportunity over the next six years. 

By applications, in 2015, consumer goods accounted for major chunk of the market pie in terms of demand. Rising demand for domestic appliances such as refrigerators, washing machine, microwave oven, Ac’s and freezer cabinet are also projected to augment market growth. Surging vehicle production in Germany, Malaysia, Brazil and China along with rise in demand for luxury cars. Automotive segment is projected to grow with fastest growth rate during the forecast period of 2016 to 2023. Furniture segment is projected to grow with the second fastest growth rate during the forecast period.

By resin type, polyester due to its superior mechanical properties accounted for the largest chunk of the market pie in terms of demand in 2015. It is also projected to maintain its domination during the forecast period. However, growth is projected to be highest from polyurethane segment due to its high retention and resistance properties. Epoxy-Polyester is another lucrative segment with high growth potential.

In 2015, Asia Pacific accounted for more than 45% share of the market in terms of demand. It is also projected to be the fastest growing market owing to high demand for high end luxury cars, industrial appliances and metal furniture’s. In 2015, North America accounted for the second largest share but projected to grow at a below average growth rate during the forecast period due to long time presence and awareness of liquid coatings. In Europe, Western Europe is highly mature market but Eastern Europe offers huge untapped market potential. Middle East and Africa is projected to grow at a substantial growth rate during the forecast period due to rising demand for commercial vehicle.

Powder Coating Market

The report titled “Global Powder Coating Market - Growth, Future Prospects, and Competitive Analysis, 2016 – 2023” offers strategic insights into the global powder coatings market along with the market size and estimates for the duration 2013 to 2023. The said research study covers in-depth analysis of multiple market segments based on resin type, application type and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2015 & 2023. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

In order to help the strategic decision makers, the report also includes profiles of the leading powder coatings manufacturers, along with their, product portfolio and key developments. The major players profiled in the report are AkzoNobel, PPG Industries, Sherwin-Williams, Valspar Corporation, Axalta Coating Systems, Nippon Paint and Arkema among others. Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the powder coatings industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2013 – 2014)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global powder coatings market, offering market size and estimates for the period from 2016 to 2023, keeping in mind the above mentioned factors.

Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Powder Coatings Market

Chapter 3 Market Dynamics
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Drivers
3.4 Market Growth Inhibitors
3.5 Market Opportunities
3.6 Attractive Investment Proposition, By Application Type
3.7 Competitive Analysis
3.7.1 Market Positioning of Key Players

Chapter 4 Global Powder Coatings Market Analysis, By Resin Type
4.1 Overview
4.2 Epoxy
4.3 Polyester
4.4 Epoxy-Polyester
4.5 Acrylic
4.6 Polyurethane
4.7 Others

Chapter 5 Global Powder Coatings Market Analysis, By Application
5.1 Overview
5.2 Consumer Goods
5.3 Automotive
5.4 Architectural
5.5 General Industries
5.6 Furniture
5.7 Others

Chapter 6 Global Powder Coatings Market Analysis, By Geography
6.1 North America
6.1.1 North America Powder Coatings Market, Volume and Revenue, 2013 – 2023, (Million Tons) (US$ Bn)
6.2 North America Powder Coatings Market Volume & Revenue Analysis, By Resin Type, 2013 – 2023 (Million Tons) (US$ Bn)
6.3 North America Powder Coatings Market Volume & Revenue Analysis, By Application Type, 2013 – 2023 (Million Tons) (US$ Bn)
6.3.1 SRC Analysis
6.4 North America Powder Coatings Market Volume & Revenue Analysis, By Country, 2013 – 2023 (Million Tons) (US$ Bn)
6.4.1 U.S.
6.4.2 Canada
6.5 Europe
6.5.1 Europe Powder Coatings Market, Volume and Revenue, 2013 – 2023, (Million Tons) (US$ Bn)
6.6 Europe Powder Coatings Market Volume & Revenue Analysis, By Resin Type, 2013 – 2023 (Million Tons) (US$ Bn)
6.7 Europe Powder Coatings Market Volume & Revenue Analysis, By Application Type, 2013 – 2023 (Million Tons) (US$ Bn)
6.7.1 SRC Analysis
6.8 Europe Powder Coatings Market Volume & Revenue Analysis, By Country, 2013 – 2023 (Million Tons) (US$ Bn)
6.8.1 EU 7
6.8.2 CIS
6.8.3 Rest of Europe
6.9 Asia Pacific
6.9.1 Asia Pacific Powder Coatings Market, Volume and Revenue, 2013 – 2023, (Million Tons) (US$ Bn)
6.10 Asia Pacific Powder Coatings Market Volume & Revenue Analysis, By Resin Type, 2013 – 2023 (Million Tons) (US$ Bn)
6.11 Asia Pacific Powder Coatings Market Volume & Revenue Analysis, By Application Type, 2013 – 2023 (Million Tons) (US$ Bn)
6.11.1 SRC Analysis
6.12 Asia Pacific Powder Coatings Market Volume & Revenue Analysis, By Country, 2013 – 2023 (Million Tons) (US$ Bn)
6.12.1 India
6.12.2 China
6.12.3 Rest of Asia Pacific
6.13 Latin America
6.13.1 Latin America Powder Coatings Market, Volume and Revenue, 2013 – 2023, (Million Tons) (US$ Bn)
6.14 Latin America Powder Coatings Market Volume & Revenue Analysis, By Resin Type, 2013 – 2023 (Million Tons) (US$ Bn)
6.15 Latin America Powder Coatings Market Volume & Revenue Analysis, By Application Type, 2013 – 2023 (Million Tons) (US$ Bn)
6.15.1 SRC Analysis
6.16 Latin America Powder Coatings Market Volume & Revenue Analysis, By Country, 2013 – 2023 (Million Tons) (US$ Bn)
6.16.1 Brazil
6.16.2 Mexico
6.16.3 Rest of Latin America
6.17 Middle East & Africa
6.17.1 Middle East & Africa Powder Coatings Market, Volume and Revenue, 2013 – 2023, (Million Tons) (US$ Bn)
6.18 Middle East & Africa Powder Coatings Market Volume & Revenue Analysis, By Resin Type, 2013 – 2023 (Million Tons) (US$ Bn)
6.19 Middle East & Africa Powder Coatings Market Volume & Revenue Analysis, By Application Type, 2013 – 2023 (Million Tons) (US$ Bn)
6.19.1 SRC Analysis
6.20 Middle East & Africa Powder Coatings Market Volume & Revenue Analysis, By Country, 2013 – 2023 (Million Tons) (US$ Bn)
6.20.1 GCC
6.20.2 Rest of Middle East & Africa

Chapter 7 Company Profiles
7.1 Akzo Nobel
7.2 PPG
7.3 Sherwin Williams
7.4 Axalta
7.5 DuPont
7.6 BASF
7.7 Valspar
7.8 Nippon
7.9 Kansai
7.10 Arkema
7.11 Bayer
7.12 Evonik
7.13 Eastman
7.14 DIC Corporation
7.15 Jotun
7.16 Other Notable Players

List Of Table :

TABLE 1 Market Snapshot: Global Powder Coatings Market
TABLE 2 North America Powder Coatings Market Volume, By Resin Type, 2013 – 2023 (Million Tons)
TABLE 3 North America Powder Coatings Market Revenue, By Resin Type, 2013 – 2023 (US$ Bn)
TABLE 4 North America Powder Coatings Market Volume, By Application, 2013 – 2023 (Million Tons)
TABLE 5 North America Powder Coatings Market Revenue, By Application, 2013 – 2023 (US$ Bn)
TABLE 6 U.S. Powder Coatings Market Volume, By Resin Type, 2013 – 2023 (Million Tons)
TABLE 7 U.S Powder Coatings Market Revenue, By Resin Type, 2013 – 2023 (US$ Bn)
TABLE 8 U.S. Powder Coatings Market Volume, By Application, 2013 – 2023 (Million Tons)
TABLE 9 U.S Powder Coatings Market Revenue, By Application, 2013 – 2023 (US$ Bn)
TABLE 10 Canada Powder Coatings Market Volume, By Resin Type, 2013 – 2023 (Million Tons)
TABLE 11 Canada Powder Coatings Market Revenue, By Resin Type, 2013 – 2023 (US$ Bn)
TABLE 12 Canada Powder Coatings Market Volume, By Application, 2013 – 2023 (Million Tons)
TABLE 13 Canada Powder Coatings Market Revenue, By Application, 2013 – 2023 (US$ Bn)
TABLE 14 Europe Powder Coatings Market Volume, By Resin Type, 2013 – 2023 (Million Tons)
TABLE 15 Europe Powder Coatings Market Revenue, By Resin Type, 2013 – 2023 (US$ Bn)
TABLE 16 Europe Powder Coatings Market Volume, By Application, 2013 – 2023 (Million Tons)
TABLE 17 Europe Powder Coatings Market Revenue, By Application, 2013 – 2023 (US$ Bn)
TABLE 18 EU7 Powder Coatings Market Volume, By Resin Type, 2013 – 2023 (Million Tons)
TABLE 19 EU7 Powder Coatings Market Revenue, By Resin Type, 2013 – 2023 (US$ Bn)
TABLE 20 EU7 Powder Coatings Market Volume, By Application, 2013 – 2023 (Million Tons)
TABLE 21 EU7 Powder Coatings Market Revenue, By Application, 2013 – 2023 (US$ Bn)
TABLE 22 CIS Powder Coatings Market Volume, By Resin Type, 2013 – 2023 (Million Tons)
TABLE 23 CIS Powder Coatings Market Revenue, By Resin Type, 2013 – 2023 (US$ Bn)
TABLE 24 CIS Powder Coatings Market Volume, By Application, 2013 – 2023 (Million Tons)
TABLE 25 CIS Powder Coatings Market Revenue, By Application, 2013 – 2023 (US$ Bn)
TABLE 26 Rest of Europe Powder Coatings Market Volume, By Resin Type, 2013 – 2023 (Million Tons)
TABLE 27 Rest of Europe Powder Coatings Market Revenue, By Resin Type, 2013 – 2023 (US$ Bn)
TABLE 28 Rest of Europe Powder Coatings Market Volume, By Application, 2013 – 2023 (Million Tons)
TABLE 29 Rest of Europe Powder Coatings Market Revenue, By Application, 2013 – 2023 (US$ Bn)
TABLE 30 Asia Pacific Powder Coatings Market Volume, By Resin Type, 2013 – 2023 (Million Tons)
TABLE 31 Asia Pacific Powder Coatings Market Revenue, By Resin Type, 2013 – 2023 (US$ Bn)
TABLE 32 Asia Pacific Powder Coatings Market Volume, By Application, 2013 – 2023 (Million Tons)
TABLE 33 Asia Pacific Powder Coatings Market Revenue, By Application, 2013 – 2023 (US$ Bn)
TABLE 34 India Powder Coatings Market Volume, By Resin Type, 2013 – 2023 (Million Tons)
TABLE 35 India Powder Coatings Market Revenue, By Resin Type, 2013 – 2023 (US$ Bn)
TABLE 36 India Powder Coatings Market Volume, By Application, 2013 – 2023 (Million Tons)
TABLE 37 India Powder Coatings Market Revenue, By Application, 2013 – 2023 (US$ Bn)
TABLE 38 China Powder Coatings Market Volume, By Resin Type, 2013 – 2023 (Million Tons)
TABLE 39 China Powder Coatings Market Revenue, By Resin Type, 2013 – 2023 (US$ Bn)
TABLE 40 China Powder Coatings Market Volume, By Application, 2013 – 2023 (Million Tons)
TABLE 41 China Powder Coatings Market Revenue, By Application, 2013 – 2023 (US$ Bn)
TABLE 42 Rest of Asia Pacific Powder Coatings Market Volume, By Resin Type, 2013 – 2023 (Million Tons)
TABLE 43 Rest of Asia Pacific Powder Coatings Market Revenue, By Resin Type, 2013 – 2023 (US$ Bn)
TABLE 44 Rest of Asia Pacific Powder Coatings Market Volume, By Application, 2013 – 2023 (Million Tons)
TABLE 45 Rest of Asia Pacific Powder Coatings Market Revenue, By Application, 2013 – 2023 (US$ Bn)
TABLE 46 Latin America Powder Coatings Market Volume, By Resin Type, 2013 – 2023 (Million Tons)
TABLE 47 Latin America Powder Coatings Market Revenue, By Resin Type, 2013 – 2023 (US$ Bn)
TABLE 48 Latin America Powder Coatings Market Volume, By Application, 2013 – 2023 (Million Tons)
TABLE 49 Latin America Powder Coatings Market Revenue, By Application, 2013 – 2023 (US$ Bn)
TABLE 50 Brazil Powder Coatings Market Volume, By Resin Type, 2013 – 2023 (Million Tons)
TABLE 51 Brazil Powder Coatings Market Revenue, By Resin Type, 2013 – 2023 (US$ Bn)
TABLE 52 Brazil Powder Coatings Market Volume, By Application, 2013 – 2023 (Million Tons)
TABLE 53 Brazil Powder Coatings Market Revenue, By Application, 2013 – 2023 (US$ Bn)
TABLE 54 Mexico Powder Coatings Market Volume, By Resin Type, 2013 – 2023 (Million Tons)
TABLE 55 Mexico Powder Coatings Market Revenue, By Resin Type, 2013 – 2023 (US$ Bn)
TABLE 56 Mexico Powder Coatings Market Volume, By Application, 2013 – 2023 (Million Tons)
TABLE 57 Mexico Powder Coatings Market Revenue, By Application, 2013 – 2023 (US$ Bn)
TABLE 58 Rest of Latin America Powder Coatings Market Volume, By Resin Type, 2013 – 2023 (Million Tons)
TABLE 59 Rest of Latin America Powder Coatings Market Revenue, By Resin Type, 2013 – 2023 (US$ Bn)
TABLE 60 Rest of Latin America Powder Coatings Market Volume, By Application, 2013 – 2023 (Million Tons)
TABLE 61 Rest of Latin America Powder Coatings Market Revenue, By Application, 2013 – 2023 (US$ Bn)
TABLE 62 Middle East and Africa Powder Coatings Market Volume, By Resin Type, 2013 – 2023 (Million Tons)
TABLE 62 Middle East and Africa Powder Coatings Market Revenue, By Resin Type, 2013 – 2023 (US$ Bn)
TABLE 64 Middle East and Africa Powder Coatings Market Volume, By Application, 2013 – 2023 (Million Tons)
TABLE 65 Middle East and Africa Powder Coatings Market Revenue, By Application, 2013 – 2023 (US$ Bn)
TABLE 66 GCC Powder Coatings Market Volume, By Resin Type, 2013 – 2023 (Million Tons)
TABLE 67 GCC Powder Coatings Market Revenue, By Resin Type, 2013 – 2023 (US$ Bn)
TABLE 68 GCC Countries Powder Coatings Market Volume, By Application, 2013 – 2023 (Million Tons)
TABLE 69 GCC Countries Powder Coatings Market Revenue, By Application, 2013 – 2023 (US$ Bn)
TABLE 70 Rest of Middle East & Africa Powder Coatings Market Volume, By Resin Type, 2013 – 2023 (Million Tons)
TABLE 71 Rest of Middle East & Africa Powder Coatings Market Revenue, By Resin Type, 2013 – 2023 (US$ Bn)
TABLE 72 Rest of Middle East & Africa Powder Coatings Market Volume, By Application, 2013 – 2023 (Million Tons)
TABLE 73 Rest of Middle East & Africa Powder Coatings Market Revenue, By Application, 2013 – 2023 (US$ Bn)
TABLE 74 Akzo Nobel: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
TABLE 75 PPG: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
TABLE 76 Sherwin Williams: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
TABLE 77 Axalta: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
TABLE 78 DuPont: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
TABLE 79 BASF: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
TABLE 80 Valspar: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
TABLE 81 Nippon: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
TABLE 82 Kansai: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
TABLE 83 Arkema: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
TABLE 84 Bayer: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
TABLE 85 Evonik: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
TABLE 86 Eastman: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
TABLE 87 DIC Corporation: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
TABLE 88 Jotun: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)

List Of Figure :

FIG. 1 Global Powder Coatings : Market Segmentation
FIG. 2 Global Powder Coatings Market: Research Methodology
FIG. 3 Market Positioning of Key Powder Coatings Companies, 2015
FIG. 4 Global Powder Coatings Market Volume and Revenue, By Resin Type, 2015 (Million Tons) (US$ Bn)
FIG.5 Global Powder Coatings Market Volume and Revenue for Epoxy Resin Type, 2013 – 2023 (Million Tons) (US$ Bn)
FIG.6 Global Powder Coatings Market Volume and Revenue for Polyester Resin Type, 2013 – 2023 (Million Tons) (US$ Bn)
FIG.7 Global Powder Coatings Market Volume and Revenue for Epoxy-Polyester Resin Type, 2013 – 2023 (Million Tons) (US$ Bn)
FIG.8 Global Powder Coatings Market Volume and Revenue for Acrylic Resin Type, 2013 – 2023 (Million Tons) (US$ Bn)
FIG.9 Global Powder Coatings Market Volume and Revenue for Polyurethane Resin Type, 2013 – 2023 (Million Tons) (US$ Bn)
FIG.10 Global Powder Coatings Market Volume and Revenue, By Others Resin Type, 2013 – 2023 (Million Tons) (US$ Bn)
FIG.11 Global Powder Coatings Market Volume and Revenue By Application, 2013 – 2023 (Million Tons) (US$ Bn)
FIG.12 Global Powder Coatings Market Volume and Revenue for Consumer Goods Application, 2013 – 2023 (Million Tons) (US$ Bn)
FIG.13 Global Powder Coatings Market Volume and Revenue for Automotive Application, 2013 – 2023 (Million Tons) (US$ Bn)
FIG.14 Global Powder Coatings Market Volume and Revenue for Architectural Application, 2013 – 2023 (Million Tons) (US$ Bn)
FIG.15 Global Powder Coatings Market Volume and Revenue for General Industries Application, 2013 – 2023 (Million Tons) (US$ Bn)
FIG.16 Global Powder Coatings Market Volume and Revenue for Furniture Application, 2013 – 2023 (Million Tons) (US$ Bn)
FIG.17 Global Powder Coatings Market Volume and Revenue for Others Application, 2013 – 2023 (Million Tons) (US$ Bn)
FIG.18 Global Powder Coatings Market Volume and Revenue, By Regions, 2015 & 2023 (Million Tons) (US$ Bn)
FIG.19 North America Powder Coatings Market Volume and Revenue, 2013 – 2023 (Million Tons) (US$ Bn)
FIG.20 Europe Powder Coatings Market Volume and Revenue, 2013 – 2023 (Million Tons) (US$ Bn)
FIG.21 Asia Pacific Powder Coatings Market Volume and Revenue, 2013 – 2023 (Million Tons) (US$ Bn)
FIG.22 Latin America (LATAM) Powder Coatings Market Volume and Revenue, 2013 – 2023 (Million Tons) (US$ Bn)
FIG.23 Middle East and Africa Powder Coatings Market Volume and Revenue, 2013 – 2023 (Million Tons) (US$ Bn)

The global powder coatings market can be categorized on the basis of resin type as:

  • Epoxy
  • Polyester
  • Epoxy-Polyester
  • Acrylic
  • Polyurethane
  • Others

There are two types of resin in powder coatings namely thermosetting plastics and thermoplastics. Thermosetting resins, owing to its higher stability when compared to their thermoplastics counterparts’ accounts for higher market share. Thermosetting resins segment includes epoxy, polyester, epoxy-polyester, acrylic and polyurethane.

By resin type, polyester accounted for the largest share of more than 30% in 2015 in terms of volume and value. Owing to its superior properties and high weathering, UV resistance, and exterior durability polyester are projected to maintain its market hold during the forecast period of 2016 to 2023. On the other hand owing to enduring resistance to corrosion and humidity in thin film applications polyurethane is projected to be the fastest growing resin type. In 2015, polyurethane generated revenue more than US$ 800 million. Epoxy–polyester resin type is also projected to witness substantial growth during the forecast period of 2016 to 2023.

Powder Coating Market

 

The global powder coatings market can be categorized on the basis of application as:

  • Consumer Goods
  • Automotive
  • Architectural
  • General Industries
  • Furniture
  • Others

In 2015, by application type, consumer goods dominated the market as coatings helps to provide flexible finishing and consistent. This application generated revenue over US$ 3.0 billion in 2015 and is projected to maintain their supremacy in the market for over the next six years. Moreover rising demand for industrial and household appliances such as microwave and washing machine are projected to augment the segment growth. Consumer goods application was followed by general industries application which accounted for more than 15% share of the market in terms of revenue.

However, growth is projected to be fastest from automotive application owing to strong vehicle production growth along with rising demand for high end cars, especially from emerging economies such as India, China, Brazil and Malaysia among others. Furniture segment is projected to grow at the second fastest growth rate during the forecast period of 2016 to 2023.

Powder Coating Market

On the basis of geography, the global powder coatings market is segmented as per following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • EU7
    • CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Rest of Middle East & Africa

Asia Pacific is the largest and the fastest growing region owing to rising demand for powder coatings from end use sectors such as automotive, electronics and furniture among others. It accounted for 46.26% share of the market in 2015 in terms of revenue. In Asia Pacific, economies such as China, India, Vietnam, Taiwan, Thailand and South Korea owing to the growing population coupled with rise in disposable income offers huge market potential. European market is projected to witness growth owing to surging automobile production in economies such as Germany, UK, and Romania. Middle East and Africa regions is projected to witness substantial growth due to rising demand of commercial vehicles. However, North America region with more than 80% demand for powder coatings coming from the U.S. is projected to witness more strategic initiatives owing to their mature market demand. Latin America is relatively an under developed market and projected to grow at a below average growth rate.

Powder Coating Market

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