Global Powder Coatings Market Research Report—Forecast till 2025

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The market was evaluated for USD 11,256.3 Million in 2018 and is expected to witness a CAGR of 6.38% to surpass USD 17,544.5 Million by the end of 2025.

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Global Powder Coatings Market Research Report—Forecast till 2025

Market Overview
Global Powder Coatings Market is anticipated to exhibit significant growth during the review period. The market was evaluated for USD 11,256.3 Million in 2018 and is expected to witness a CAGR of 6.38% to surpass USD 17,544.5 Million by the end of 2025. In this type of coating, the nicely ground particles of color and resins are electrostatically charged applied on electrically grounded parts. The process of application of powder coating on a metal surface is known as electrostatic spray deposition (ESD). Powder-coated products are applicable to reduce scratches, abrasions, chipping, fading, corrosion, and other wear issues. Owing to these factors, the powder coating market is expected to attain significant expansion during the review period.
The global powder coating market is expected to register incredible market expansion owing to the rising requirement for powder coatings in the end-use industries, including consumer goods & appliances, automotive, aerospace, electronics, construction, and furniture. However, the excessive manufacturing cost because of its energy-intensive manufacturing process and complicated process of forming thin films with powder coatings are expected to restrain the global market growth. Nevertheless, the accelerating automotive and electronics industries in various countries across Asia-Pacific, such as China, Japan, India, and Singapore, are expected to surge the demand for powder coatings and create attractive opportunities for major players. Furthermore, the growth of the market is driven by the increasing application of powder coatings in the consumer goods and automotive industries due to the anti-corrosive and high abrasion property that protects metallic and non-metallic substrates.
Market Segmentation
Global Powder Coatings Market has been categorized into Substrate, Resin Type, Coating Method, Application, and Region.
In terms of substrate, the global powder coatings market has been bifurcated into metal and non-metal. Depending on the resin type, the powder coatings market has been subdivided into thermoset and thermoplastic.
The coating method categorizes the global market into electrostatic spray coating, fluidized bed coating, electrostatic fluidized bed process, and flame spraying. By application segment, the global powder coatings market has been segregated into consumer goods & appliances, automotive & transportation, architecture & furniture, construction equipment, and others.
Regional Analysis
The region-specific analysis of the Global Powder Coatings Market is spread across Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa.
In 2018, Asia-Pacific contributed the highest market of approximately 50%, and it is expected to command the market to register a significant CAGR of around 7.0% during the projected timeframe. Besides, the market in the Middle East & Africa is anticipated to exhibit the second-highest CAGR of over 6.5% owing to the fastest-growing automotive and construction industry in the region.
Major Players
Some of the prominent players operating in the global market are Axalta Coating Systems Ltd (US), Nippon Paint Holdings Co., Ltd (Japan), TCI Powder (US), DSM (Netherlands), PPG Industries, Inc. (US), The Sherwin-Williams Company (US), Akzo Nobel N.V. (Netherlands), BASF SE (Germany), Jotun (Norway), Asian Paints PPG Pvt. Limited (India), Kansai Paint Co., Ltd (Japan), and Berger Paints India Limited (India).
COVID 19 Impact
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

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Table of Contents

TABLE OF CONTENT
1  EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 25

1.1.1 GLOBAL POWDER COATINGS MARKET, BY SUBSTRATE 26

1.1.2 GLOBAL POWDER COATINGS MARKET, BY RESIN TYPE 27

1.1.3 GLOBAL POWDER COATINGS MARKET, BY COATING METHOD 28

1.1.4 GLOBAL POWDER COATINGS MARKET, BY APPLICATION 29

1.1.5 GLOBAL POWDER COATINGS MARKET, BY REGION 30

2  MARKET INTRODUCTION
2.1 DEFINITION 31

2.2 SCOPE OF THE STUDY 31

2.3 MARKET STRUCTURE 32

3  RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 33

3.2 PRIMARY RESEARCH 34

3.3 SECONDARY RESEARCH 35

3.4 MARKET SIZE ESTIMATION 35

3.5 TOP DOWN & BOTTOM UP APPROACH 36

3.6 FORECAST MODEL 37

3.7 LIST OF ASSUMPTIONS 38

4  MARKET DYNAMICS
4.1 INTRODUCTION 39

4.2 DRIVERS 41

4.2.1 GROWING PRODUCT DEMAND IN THE PAINTS & COATING INDUSTRY 41

4.2.2 WIDENING APPLICATION SCOPE IN END-USE INDUSTRIES 42

4.2.3 DRIVERS IMPACT ANALYSIS 43

4.3 RESTRAINT 44

4.3.1 HIGH COST AND COMPLEXITIES IN THE MANUFACTURING PROCESSES 44

4.3.2 RESTRAINT IMPACT ANALYSIS 44

4.4 OPPORTUNITY 45

4.4.1 DEMAND FOR LOW-VOC COATING AMONG END USERS 45

4.5 CHALLENGES 45

4.5.1 COMPETITION FROM LIQUID COATINGS 45

5  MARKET FACTOR ANALYSIS
5.1 SUPPLY CHAIN ANALYSIS 46

5.1.1 RAW MATERIAL SUPPLIERS 47

5.1.2 PRODUCERS 47

5.1.3 DISTRIBUTION CHANNEL 47

5.1.4 END USERS 47

5.2 PORTER’S FIVE FORCES MODEL 48

5.2.1 THREAT OF NEW ENTRANTS 49

5.2.2 RIVALRY 49

5.2.3 THREAT OF SUBSTITUTES 49

5.2.4 BARGAINING POWER OF SUPPLIERS 49

5.2.5 BARGAINING POWER OF BUYERS 50

5.3 PRICING ANALYSIS, BY REGION (USD/TON) 50

5.4 IMPACT OF COVID-19 ON THE GLOBAL POWDER COATINGS MARKET 50

6  GLOBAL POWDER COATINGS MARKET, BY SUBSTRATE
6.1 INTRODUCTION 52

6.2 METAL 54

6.3 NON-METAL 55

7  GLOBAL POWDER COATINGS MARKET, BY RESIN TYPE
7.1 INTRODUCTION 57

7.2 THERMOSET 59

7.2.1 EPOXY POLYESTER HYBRID 61

7.2.2 POLYESTER 62

7.2.3 EPOXY 63

7.2.4 POLYURETHANE 64

7.2.5 ACRYLIC 65

7.2.6 OTHERS 66

7.3 THERMOPLASTIC 67

7.3.1 POLYVINYL CHLORIDE (PVC) 68

7.3.2 NYLON 69

7.3.3 POLYOLEFIN 70

7.3.4 POLYVINYL FLUORIDE (PVF) 71

8  GLOBAL POWDER COATINGS MARKET, BY COATING METHOD
8.1 INTRODUCTION 73

8.2 ELECTROSTATIC SPRAY COATING 75

8.3 FLUIDIZED BED COATING 77

8.4 ELECTROSTATIC FLUIDIZED BED PROCESS 78

8.5 FLAME SPRAYING 80

9  GLOBAL POWDER COATINGS MARKET, BY APPLICATION
9.1 INTRODUCTION 81

9.2 CONSUMER GOODS & APPLIANCES 83

9.3 AUTOMOTIVE & TRANSPORTATION 85

9.4 ARCHITECTURE & FURNITURE 86

9.5 CONSTRUCTION EQUIPMENT 88

9.6 OTHERS 89

10  GLOBAL POWDER COATINGS MARKET, BY REGION
10.1 INTRODUCTION 91

10.2 NORTH AMERICA 99

10.2.1 US 106

10.2.2 CANADA 111

10.3 EUROPE 117

10.3.1 GERMANY 124

10.3.2 RUSSIA 129

10.3.3 UK 135

10.3.4 ITALY 140

10.3.5 FRANCE 146

10.3.6 NETHERLANDS 152

10.3.7 SPAIN 158

10.3.8 POLAND 163

10.3.9 REST OF EUROPE 169

10.4 ASIA-PACIFIC 173

10.4.1 CHINA 180

10.4.2 JAPAN 186

10.4.3 INDIA 191

10.4.4 SOUTH KOREA 197

10.4.5 AUSTRALIA & NEW ZEALAND 202

10.4.6 INDONESIA 208

10.4.7 THAILAND 213

10.4.8 REST OF ASIA-PACIFIC 219

10.5 LATIN AMERICA 224

10.5.1 MEXICO 231

10.5.2 BRAZIL 237

10.5.3 ARGENTINA 242

10.5.4 REST OF LATIN AMERICA 248

10.6 MIDDLE EAST & AFRICA 253

10.6.1 GCC COUNTRIES 260

10.6.2 ISRAEL 266

10.6.3 SOUTH AFRICA 271

10.6.4 REST OF THE MIDDLE EAST & AFRICA 277

11  COMPETITIVE LANDSCAPE
11.1 COMPETITIVE OVERVIEW 283

11.2 GLOBAL MARKET STRATEGY ANALYSIS 284

11.3 KEY DEVELOPMENTS 284

12  COMPANY PROFILES
12.1 PPG INDUSTRIES, INC. 286

12.1.1 COMPANY OVERVIEW 286

12.1.2 FINANCIAL OVERVIEW 287

12.1.3 PRODUCTS OFFERED 288

12.1.4 KEY DEVELOPMENTS 288

12.1.5 SWOT ANALYSIS 289

12.1.6 KEY STRATEGIES 289

12.2 AXALTA COATING SYSTEMS LTD 290

12.2.1 COMPANY OVERVIEW 290

12.2.2 FINANCIAL OVERVIEW 291

12.2.3 PRODUCTS OFFERED 291

12.2.4 KEY DEVELOPMENTS 292

12.2.5 SWOT ANALYSIS 293

12.2.6 KEY STRATEGIES 293

12.3 NIPPON PAINT HOLDINGS CO., LTD. 294

12.3.1 COMPANY OVERVIEW 294

12.3.2 FINANCIAL OVERVIEW 294

12.3.3 PRODUCTS OFFERED 295

12.3.4 KEY DEVELOPMENTS 295

12.3.5 SWOT ANALYSIS 295

12.3.6 KEY STRATEGIES 296

12.4 THE SHERWIN-WILLIAMS COMPANY 297

12.4.1 COMPANY OVERVIEW 297

12.4.2 FINANCIAL OVERVIEW 297

12.4.3 PRODUCTS OFFERED 298

12.4.4 KEY DEVELOPMENTS 298

12.4.5 SWOT ANALYSIS 298

12.4.6 KEY STRATEGIES 299

12.5 AKZO NOBEL N.V. 300

12.5.1 COMPANY OVERVIEW 300

12.5.2 FINANCIAL OVERVIEW 300

12.5.3 PRODUCTS OFFERED 301

12.5.4 KEY DEVELOPMENTS 301

12.5.5 SWOT ANALYSIS 301

12.5.6 KEY STRATEGIES 302

12.6 ASIAN PAINTS PPG PVT. LIMITED 303

12.6.1 COMPANY OVERVIEW 303

12.6.2 FINANCIAL OVERVIEW 303

12.6.3 PRODUCTS OFFERED 303

12.6.4 KEY DEVELOPMENTS 303

12.6.5 SWOT ANALYSIS 304

12.6.6 KEY STRATEGIES 304

12.7 DSM 305

12.7.1 COMPANY OVERVIEW 305

12.7.2 FINANCIAL OVERVIEW 305

12.7.3 PRODUCTS OFFERED 306

12.7.4 KEY DEVELOPMENTS 306

12.7.5 SWOT ANALYSIS 307

12.7.6 KEY STRATEGIES 307

12.8 TCI POWDER 308

12.8.1 COMPANY OVERVIEW 308

12.8.2 FINANCIAL OVERVIEW 308

12.8.3 PRODUCTS OFFERED 309

12.8.4 KEY DEVELOPMENTS 309

12.8.5 SWOT ANALYSIS 310

12.8.6 KEY STRATEGIES 310

12.9 BASF SE 311

12.9.1 COMPANY OVERVIEW 311

12.9.2 FINANCIAL OVERVIEW 311

12.9.3 PRODUCTS OFFERED 312

12.9.4 KEY DEVELOPMENTS 312

12.9.5 SWOT ANALYSIS 313

12.9.6 KEY STRATEGIES 313

12.10 BERGER PAINTS INDIA LIMITED 314

12.10.1 COMPANY OVERVIEW 314

12.10.2 FINANCIAL OVERVIEW 314

12.10.3 PRODUCTS OFFERED 315

12.10.4 KEY DEVELOPMENTS 315

12.10.5 SWOT ANALYSIS 315

12.10.6 KEY STRATEGIES 315

12.11 JOTUN 316

12.11.1 COMPANY OVERVIEW 316

12.11.2 FINANCIAL OVERVIEW 316

12.11.3 PRODUCTS OFFERED 317

12.11.4 KEY DEVELOPMENTS 318

12.11.5 SWOT ANALYSIS 319

12.11.6 KEY STRATEGIES 319

12.12 KANSAI PAINT CO., LTD. 320

12.12.1 COMPANY OVERVIEW 320

12.12.2 FINANCIAL OVERVIEW 320

12.12.3 PRODUCTS OFFERED 321

12.12.4 KEY DEVELOPMENTS 321

12.12.5 SWOT ANALYSIS 321

12.12.6 KEY STRATEGIES 321

13  APPENDIX
13.1 REFERENCES 322

13.2 RELATED REPORTS 322

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company Mentioned

Axalta Coating Systems Ltd (US), Nippon Paint Holdings Co., Ltd (Japan), TCI Powder (US), DSM (Netherlands), PPG Industries, Inc. (US), The Sherwin-Williams Company (US), Akzo Nobel N.V. (Netherlands), BASF SE (Germany), Jotun (Norway), Asian Paints PPG Pvt. Limited (India), Kansai Paint Co., Ltd (Japan), and Berger Paints India Limited (India)