Powder Coatings Market Sales Volume, Revenue and Market Size Estimation Outlook to 2023

Powder coatings are solvent-free coatings with negligible Volatile    Organic Compounds (VOC) emissions that makes them environment- friendly. Powder coatings market basically provide economical, long–lasting and durable quality finish for metal parts and products. Powder coatings are used in door handles, rims, under hood components thereby providing superior finish and texture.

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The global powder coatings market is expected to witness significant growth during the forecast period (2017-2023) owing to its high resistance to corrosion, high-quality finish and abrasion, durability, cost effective and reduced processing time. Based on resin type, thermoset resin is estimated to grow at a robust pace in the global powder coatings market during the forecast period.

The increasing advancements in terms of durability, scratch resistance, gloss retention, and resistance to chalking is expected to result in the increasing penetration of powder coatings in regions having extreme weather conditions for protecting the metal parts when exposed to severe heat.

Powder coatings offer high-quality finish and are therefore, found in major end use industries thereby, protecting heavy machineries from scratch, chipping, abrasions, coatings, fading and others.

Additionally, with the increasing adoption of powder coatings over liquid coatings, and government regulations regarding the VOC levels has spurred the market. Increasing demand for appliances, flourishing construction industry and rapid economic growth in emerging countries are a few other reasons for the growth of global market.

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Some of the key players in the global powder coatings market include AkzoNobel, PPG Industries, Inc., Sherwin Williams Company, Axalta Coating Systems Ltd., BASF SE, Nippon Paint Holdings Co., ltd, DuPont, Jotun A/S and Asian Paints Limited.

Market Segmentation
By Resin

• Thermoplastic
  • Nylon
  • Polyolefin
  • Polyvinyl chloride (PVC)
  • Polyvinyl fluoride (PVF) 
• Thermoset
  • Polyester 
  • Epoxy polyester hybrid 
  • Epoxy
  • Acrylic 
  • Polyurethane 
  • Others (Fluoropolymer) 

By coating method

• Electrostatic spray
• Hydrolysis

By application

• Architecture
• Appliances 
• General industrial
• Automotive
• Wood and furniture
• Others

By substrate 

• Metallic
• Non-metallic

By regions 

• Asia-Pacific
  • China
  • Japan
  • India
  • Thailand
  • Others
• North America
  • U.S
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K
  • France
  • Italy
  • Rest of Europe
• Middle East and Africa
  • Saudi Arabia
  • UAE
  • South Africa
• Latin America
  • Brazil
  • Argentina

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