Powder Coatings Market Size, Share, Trends, Demand, Growth and Competitive Analysis 2030
The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market
research firm), Powder Coatings Market comprises a detailed study of critical
and major aspects of market dynamics, i.e. market trends, size, forecasts,
growth factors, challenges, and competitor landscape.
In-Depth
Market Overview of Powder Coatings Industry (2025-2030):
According to the latest report, The Global Powder Coatings Market size is valued at
around USD 14.30 billion in 2024 & is projected to grow at
a CAGR of around 4.44% during the forecasted period, i.e., 2025-30. Moreover,
it is anticipated that the market will reach around USD
19.38 billion by 2030. The report demonstrates the prominent factors
propelling the exponential growth of the Powder Coatings industry.
Key
Takeaways: Beneficial for Stakeholders and Clients:
·
Historical Data: 2020-23
·
Base Year: 2024
·
Forecast Period: 2025-30
·
CAGR – 4.44% by 2030
·
Market Value in 2024: USD 14.30
Billion
·
Market Value By 2030: USD 19.38
Billion
What are the major Driver the
global Powder Coatings industry?
Expansion Across Diverse
Industries Boosts the Demand for Powder Coatings in the Market – Powder
coatings are used across several industries including automotive, furniture,
architecture, appliances, and others, along with emerging areas such as
fittings, oil & gas, valves, wastewater treatment, and tanks. With the
ongoing revolution, including the adoption of powder coating on plastics and
wood, the Global Power Coating Market is witnessing a surge in demand. Also,
the environmental advantages correlated with powder coatings lead to the
inclination towards powder coating rather than liquid one.
Moreover,
due to the surge in the usage of powder coatings, several key players in the
market are capitalizing on the rising potential in the automotive, appliances,
and other sectors.
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Powder Coatings Market
Segmentation
The Powder
Coatings Market analysis of Markntel Advisors explores the industry by
emphasizing the growth parameters and categorizes including geographical
segmentation, to offer a comprehensive understanding of the market
dynamic. The further bifurcations are as
follows:
- By Resin Type
- Eopxy
- Acrylic
- Polyurethane
- Polyester
- Polyvinyl Chloride
- Others (Epoxy Polyster Hybrid,
Fluropolymer, etc.)
- By Method of Coating
- Electrostatic Spray Deposition (ESD)
- Fluidized bed
- Others (Flame Spray, Electrostatic bed
fluidized process, etc.)
- By Application
- Architectural
- Furniture
- Automotive
- General Industrial (Electrical Power
Generation, Machinery, Packaging, etc.)
- Appliances (Consumer Electronics, Home
Appliances, etc.)
- Others
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
As per
the regional aspect, the Powder Coatings Market is expected to be dominated by
North America by capturing the potential market share.
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this research report - https://www.marknteladvisors.com/research-library/powder-coatings-market.html
Top
Companies in the Powder Coatings Market
PPG Industries Inc., Akzo Nobel N.V., Axalta
Coating System, Sherwin-Williams Company, Jotun Group, RPM International Inc.,
Arkema S.A., Nippon Paint Holdings, IGP Powder Coatings, 3M, Tiger Coatings
GmbH & Co.KG, Kansai Nerolac Paints Ltd., A & I Coatings, Others
Global Powder
Coatings Market Recent Development
In May 2024, PPG Industries declared that they
will invest USD 300 million to aid the rising demand for paints and coatings in
the automobile industries. The investment in advanced manufacturing began in
2024, and will last for 4 years.
In June 2024, Jotun Groups launched CX-rated
powder coating solutions. With this product, industries can access proven
technologies in order to protect essential machinery operating in highly
challenging surroundings.
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information is bound to enhance products, adjust pricing, and refine
advertising strategies.
Empowering Data-Backed Judgement: Our comprehensive Market research encompasses a wide
spectrum of activities, including precise market sizing, detailed segment
analysis, accurate demand forecasting, competitor identification, and
meticulous pricing trend monitoring.
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