Global Powder Coatings Market is expected to grow at 6.8% CAGR during the forecasted period. With the technological development and innovations in the field of coating, the demand for a more environmentally friendly solution is increasing. Powder coating is one such solution which offers environment-friendly industrial finishing solutions. The powder coating consists of resins and pigments which involves the usage of dry powder. The global powder coatings market is expected to witness considerable growth during the forecast period. Growing consumer awareness regarding the harmful environmental effect of spray and liquid paints tend to increase the market share of powder coatings. Powder coating offers capabilities such as durability and water-repellant properties that encourage companies to opt for powder coating instead of conventional coating methods such as spray paints. Most of the spray paints and liquid coating contain lead as a component which can increase the risk of cancer and respiratory diseases, therefore, the companies are shifting their preference towards powder coatings.

The global powder coating market is segmented on the basis of resin and application. On the basis of resin, the market is bifurcated into thermoplastic and thermoset. Thermosets provides higher thermal protection as compared to thermosetting and hence are being increasingly adopted by the various industries. On the basis of applications, the global powder coatings market is segmented into automotive, home appliances, building & construction, architectural & decorative, and others. Powder coatings for the automotive segment are expected to register significant growth during the forecast period owing to stringent government regulations towards the environmental effects of coating and paints coupled with the product capabilities to produce excellent finishing, corrosion resistance, and durability. Powder coatings find applications in a number of automotive components such as bumpers, door handles, wheels, mufflers, primers, windshield wipers, shock absorbers, engine parts, and other parts. High use of the product in OEM & aftermarket parts is enhancing the segmental share of the market.

Some of the major players operating in the global powder coatings market include AkzoNobel NV, BASF SE, Evonik Industries AG, Axalta Coating Systems Ltd., PPG Industries Inc., Jotun A/S Coating, Asian Paints Ltd., Kansai Paints Co., Ltd., and Koninklijke  DSM N.V. These companies are adopting several strategies, such as merger and acquisitions, product launches, geographical expansion, and partnership and collaboration in order to expand their market share across the globe. For instance, in April 2018, Koninklijke DSM N.V. launched a new proprietary Uralac one shot matte (OSM) powder coating HAA system that can be used for a wide range of industrial matte applications. With this launch, the company has strengthened its existing product line of powder coatings.

Research Methodology

The market study of the global powder coatings market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for powder coatings manufacturers, raw material suppliers and distributors, end-user industries such as appliances, automotive, general industrial, building and construction, architectural, and furniture, and government organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis on market size, different products, and growth opportunity. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better market decisions.

Market Segmentation

1. Powder Coating Market Research and Analysis by Resin
2. Powder Coating Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the global powder coating market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the powder coating system market.
• Insights about market determinants which are stimulating the global powder coating market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.