Powder Coatings Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[188+ Pages Report] According to the report published by Facts Factors, the global powder coatings market size was worth around USD 14.76 billion in 2019 and is predicted to grow to around USD 22.72 billion by 2026 with a compound annual growth rate (CAGR) of roughly 6.3% between 2020 and 2026. The report analyzes the global powder coatings market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the powder coatings market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the powder coatings industry. The report analyzes and declares the historical and current trends analysis of the powder coatings industry and subsequently recommends the projected trends anticipated to be observed in the powder coatings market during the upcoming years.

The powder coatings market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire powder coatings market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Units) and value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research

• As per our primary respondents, the global powder coatings market is set to grow annually at a rate of around 6.3%
• It was established through primary research that the powder coatings market was valued at around USD 14.76  Billion in 2019
• Asia Pacific will register the highest market growth, owing to the rise in automotive industry.
• On basis of resin type segment, ‘thermoset resin type’ type dominated the global powder coatings market in 2019
• Based on end-use, the global powder coatings market was led by automotive segment in 2019.

Key Recommendations from Analysts

• As per our analysts, the global powder coatings market is expected to grow significantly over the forecast period and reach around USD 22.72 Billion by 2026
• As per analysts, the growing automotive industry is driving the powder coatings market growth.
• As per our team of analyst, the rise in disposable income in developing countries will raised the demand for powder coatings from appliances segment.
• As per our analysts, automotive industry have accounted largest market share.
• Our team of analysts has identified, that Asia Pacific will maintain its position owing to growing industrialization.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the powder coatings industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the powder coatings industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the powder coatings market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the powder coatings industry. The powder coatings market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Powder Coatings sector. Key strategic developments in the powder coatings market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the powder coatings market are appropriately highlighted in the report.

The rise in per capita income has raised the production of automobiles in emerging countries such as India, Brazil, China, and Mexico. Thereby, it has led the growth of the powder coatings market. Moreover, improved GDP has raised the consumption of appliances such as washing machines, air-conditioners, and microwaves among others. As a result, growing demand for appliances will boost the sales of powder coating in coming years. Furthermore, rise in industrialization has raised number of offices in countries. In offices, furniture is the major component to set-up. Thereby, powder coating market will be highly adopted in furniture segment which will lead the market growth rapidly over the forecast period.

The powder coatings market research report delivers an acute valuation and taxonomy of the powder coatings industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the powder coatings industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the powder coatings industry is provided for the leading economies of the world.

The powder coatings market is segmented based on resin type, coating method, and end-use. On the basis of resin type segmentation, the market is classified into thermoset, and thermoplastic. On the basis of coating method segmentation, the market is classified into electrostatic spray and fluidized bed. In terms of end-use segmentation, the market is bifurcated into appliances, automotive, general industrial, architectural, and furniture.

Report Scope

Some of the essential players operating in the powder coatings market, but not restricted to include

• PPG Industries Inc.
• The Sherwin-Williams Company
• Akzo Nobel N.V.
• Axalta Coating Systems LLC.
• Asian Paints Limited
• Jotun Group
• Nippon Paint Holdings Co.
• Ltd.
• BASF SE
• RPM International Inc.

The taxonomy of the powder coatings industry by its scope and segmentation is as follows:

By Resin Type Segmentation Analysis

• Thermoset
• Thermoplastic

By Coating Method Segmentation Analysis

• Electrostatic Spray
• Fluidized Bed

By End-use Segmentation Analysis

• Appliances
• Automotive
• General Industrial
• Architectural
• Furniture

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa