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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

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.

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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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Dec 2016
Category:  Chemicals
Report ID:   58264
Report Format:   PDF
Pages:   120
Rating:    4.4 (60)
Delivery Time: 24 Hours to 48 Hours   
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