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Powder Coatings Market Scope and Trends Overview 2024

Increasing demand owing to high variation in texture, color & coating thicknesses along with their enhanced durability will augment market growth over the next eight years.

The Global Powder Coatings Market is expected to reach USD 16.55 billion by 2024, according to a new report by Grand View Research, Inc.


Increasing use of powder coatings for aluminum extrusion used in windows, doorframes, building facades, kitchen, bathroom and electrical fixtures will fuel industry expansion. Rising construction spending in various countries including China, the U.S., Mexico, Qatar, UAE, India, Vietnam, and Singapore will fuel growth over the forecast period. Increasing government support for eco-friendly and economical products will stimulate demand over the forecast period.

General industries were the prominent application segment and accounted for 20.7% of the global volume in 2015. Increasing demand for tractors in the U.S., Brazil, Japan, India, and China is expected to augment the use of powder coatings on account of its corrosion protection, excellent outdoor durability, and high-temperature performance. Moreover, growing usage in agricultural equipment, exercise equipment, file drawers, computer cabinets, laptop computers, cell phones, and electronic components will propel industry expansion.

Epoxy-polyester hybrid powder coatings will witness the fastest volume growth at a CAGR of 8.1% from 2016 to 2024 as a result of its increasing application in domestic appliances, machines, equipment, decorative devices and general industries. Furthermore, superior properties including greater resistance to yellowing during cure, better transfer efficiency, and cleaner, brighter colors than many epoxy formulations are expected to stimulate industry growth.

To Know More About Powder Coatings Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/powder-coatings-market-analysis

Top Players of Powder Coatings Market:

Key participants include PPG Industries, AkzoNobel, Sherwin-Williams, Axalta Coating Systems and BASF, together accounting for over 35.0% of the global market share in 2015. Other prominent players include Valspar Corporation, Nippon Paint, Kansai Paint, and Jotun.

Market Segmentation of Powder Coatings Market:

The Global Powder Coatings Market segmented on the basis of Resin Type and Application.

By Resin Type:

    Epoxy
    Polyester
    Epoxy-Polyester (Hybrid)
    Acrylic
    Polyurethane

By Application:

    Consumer goods
    Architectural
    Automotive
    General Industries
    Furniture

Inquire about Powder Coatings Market with Our Experts @ https://www.grandviewresearch.com/inquiry/343
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