Powder Coatings Global Market Report 2020

Region:Global

Author(s):

Product Code:7284

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Published on

February 2020

Total pages

200

Table of Content

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About the Report

About the Report

The powder coatings market consists of sales of powder coatings. Powder coatings is a finishing process and keeps the binder and filler parts in a liquid suspension form.
 
The global powder coatings market was worth USD 24.2 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 11% and reach USD 36.18 billion by 2023.
 
The powder coatings market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. Asia Pacific accounts for around 55% of the market.
 
The powder coatings market covered in this report is segmented by type into thermoset, thermoplastic. It is also segmented by end-user application into appliances, automotive, architectural, furniture, agriculture, construction, & earthmoving equipment (ACE), general industrial, others
 
Powder coatings release negligible amount of Volatile Organic compounds (VOC) when compared to solvent-based coatings. VOCs are carbon compounds that become gas at room temperature and become the main reason for air pollution. Governments across the world are trying to enforce different regulatory acts to reduce the emission of VOC. For instance, to reduce the emission of VOC, Hong Kong government has implemented a regulation that restricts products exceeding the standard emission of VOC in the country. Thus, limitation on products that generate high VOCs promote the sales of powder coatings thereby driving the market.
 
Powder coating is an energy intensive process that consumes more energy during curing process. Curing is a chemical process where paint is allowed to dry and harden. The high consumption of energy increases the operating expenses of manufacturing companies. For example, in Sweden there are nearly 350 powder coating plants and using more than one metric ton of coating powder, that accounts for the total energy usage of 525 GWh/year, corresponding to 1.5 GWh/year per plant. Thus, high consumption of energy in powder coating restrains the growth of the market.
 
Companies are now focusing on a new coating technology for heat sensitive substrates such as medium density fiberboard (MDF). This technology consumes low power as the curing process is done in lower temperature compared to the conventional method. For instance, IGP-RAPID released by IGP are based on new raw materials combined with IGP technology and enables a low-temperature powder coatings at 266 F (130 C) and curing times of 3 minutes. This technology is ecological, enhances product design, and provides long-term functional protection.
 
In October 2018, Akzo Nobel N.V., a Netherlands-based chemical manufacturing company that manufactures specialty chemicals such as decorative paints and coatings, surfactants, polymer, and other chemical products acquired Fabryo Corporation S.R.L. for an undisclosed amount. The acquisition helped AkzoNobel in becoming a leader in the Romanian decorative paints market. Fabryo Corporation S.R.L. is a Romania-based company that specializes in producing products such as paints, lacquers, enamels, and powder coatings.
 
Major players in the market are AkzoNobel N.V., PPG Industries, Sherwin Williams , BASF SE, Axalta Coating Systems , Kansai Nerolac Paints Limited , Jotun, IFS Coatings, The Valspar Corporation, Asian Paints

Products

Products

1) By Type: Thermoset; Thermoplastic 2) By End-User Application: Appliances; Automotive; Architectural; Furniture; Agriculture, Construction, & Earthmoving Equipment (ACE); General Industrial; Others


Companies

AkzoNobel N.V.

PPG Industries

Sherwin Williams

BASF SE

Axalta Coating Systems

Kansai Nerolac Paints Limited

Jotun

IFS Coatings

The Valspar Corporation

Asian Paints

RPM International

Dulux Powder & Industrial Coating

Dupont Coating & Colour Technologies Group

Somar Corporation

Marpol

Protech Oxyplast Powder Coating

Nippon Paint Co., Ltd.

Evonik Industries

Berger Paints India Limited

IGP Pulvertechnik AG

Tiger Coatings

Cloverdale Paint, Inc.

Vogel Paint, Inc.

Hentzen Coating, Inc.

Alpha Coating Technologies

Cardinal

Royal DSM

Ferro Arte de Mexico

TCI Powder Coatings

IGP Pulvertechnik AG

Table of Contents

Table of Contents

1. Executive Summary

2. Powder Coatings Market Characteristics

3. Powder Coatings Market Size And Growth

3.1. Global Powder Coatings Historic Market, 2015-2019, USD Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Powder Coatings Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Powder Coatings Market Segmentation

4.1. Global Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Thermoset

Thermoplastic

4.2. Global Powder Coatings Market, Segmentation By End-User Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Appliances

Automotive

Architectural

Furniture

Agriculture, Construction, & Earthmoving Equipment (ACE)

General Industrial

Others

5. Powder Coatings Market Regional And Country Analysis

5.1. Global Powder Coatings Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

5.2. Global Powder Coatings Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

6. Asia-Pacific Powder Coatings Market

6.1. Asia-Pacific Powder Coatings Market Overview

6.2. Asia-Pacific Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

7. China Powder Coatings Market

7.1. China Powder Coatings Market Overview

7.2. China Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion

8. India Powder Coatings Market

8.1. India Powder Coatings Market Overview

8.2. India Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

9. Japan Powder Coatings Market

9.1. Japan Powder Coatings Market Overview

9.2. Japan Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

10. Australia Powder Coatings Market

10.1. Australia Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

11. Indonesia Powder Coatings Market

11.1. Indonesia Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

12. South Korea Powder Coatings Market

12.1. South Korea Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

13. Western Europe Powder Coatings Market

13.1. Western Europe Powder Coatings Market Overview

13.2. Western Europe Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

14. UK Powder Coatings Market

14.1. UK Powder Coatings Market Overview

14.2. UK Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

15. Germany Powder Coatings Market

15.1. Germany Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

16. France Powder Coatings Market

16.3. France Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

17. Eastern Europe Powder Coatings Market

17.1. Eastern Europe Powder Coatings Market Overview

17.2. Eastern Europe Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

18. Russia Powder Coatings Market

18.1. Russia Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

19. North America Powder Coatings Market

19.1. North America Powder Coatings Market Overview

19.2. North America Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

20. USA Powder Coatings Market

20.1. USA Powder Coatings Market Overview

20.2. USA Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

21. South America Powder Coatings Market

21.1. South America Powder Coatings Market Overview

21.2. South America Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

22. Brazil Powder Coatings Market

22.1. Brazil Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

23. Middle East Powder Coatings Market

23.1. Middle East Powder Coatings Market Overview

23.2. Middle East Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

24. Africa Powder Coatings Market

24.1. Africa Powder Coatings Market Overview

24.2. Africa Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

25. Powder Coatings Market Competitive Landscape And Company Profiles

25.1. Powder Coatings Market Competitive Landscape

25.2. Powder Coatings Market Company Profiles

25.2.1. AkzoNobel N.V.

25.2.1.1. Overview

25.2.1.2. Products and Services

25.2.1.3. Strategy

25.2.1.4. Financial Performance

25.2.2. PPG Industries

25.2.2.1. Overview

25.2.2.2. Products and Services

25.2.2.3. Strategy

25.2.2.4. Financial Performance

25.2.3. Sherwin Williams

25.2.3.1. Overview

25.2.3.2. Products and Services

25.2.3.3. Strategy

25.2.3.4. Financial Performance

25.2.4. BASF SE

25.2.4.1. Overview

25.2.4.2. Products and Services

25.2.4.3. Strategy

25.2.4.4. Financial Performance

25.2.5. Axalta Coating Systems

25.2.5.1. Overview

25.2.5.2. Products and Services

25.2.5.3. Strategy

25.2.5.4. Financial Performance

26. Key Mergers And Acquisitions In The Powder Coatings Market

27. Powder Coatings Market Trends And Strategies

28. Powder Coatings Market Future Outlook and Potential Analysis

29. Appendix

29.1. Abbreviations

29.2. Currencies

29.3. Research Inquiries

29.4. The Business Research Company

29.5. Copyright And Disclaimer

 


List of Figure

Figure 1: Global Historic Market Growth, 2015-2019, USD Billion

Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 3: Global Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 4: Global Powder Coatings Market, Segmentation By End-User Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 5: Global Powder Coatings Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 6: Global Powder Coatings Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 7: Asia-Pacific, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 8: China, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 9: India, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 10: Japan, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 11: Australia, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 12: Indonesia, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 13: South Korea, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 14: Western Europe, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 15: UK, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 16: Germany, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 17: France, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 18: Eastern Europe, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 19: Russia, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 20: North America, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 21: USA, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 22: South America, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 23: Brazil, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 24: Middle East, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 25: Africa, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 26: AkzoNobel N.V. Financial Performance

Figure 27: PPG Industries Financial Performance

Figure 28: Sherwin Williams Financial Performance

Figure 29: BASF SE Financial Performance

Figure 30: Axalta Coating Systems Financial Performance


List of Table

Table 1: Global Historic Market Growth, 2015-2019, USD Billion

Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 3: Global Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 4: Global Powder Coatings Market, Segmentation By End-User Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 5: Global Powder Coatings Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 6: Global Powder Coatings Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 7: Asia-Pacific, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 8: China, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 9: India, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 10: Japan, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 11: Australia, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 12: Indonesia, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 13: South Korea, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 14: Western Europe, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 15: UK, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 16: Germany, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 17: France, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 18: Eastern Europe, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 19: Russia, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 20: North America, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 21: USA, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 22: South America, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 23: Brazil, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 24: Middle East, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 25: Africa, Powder Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 26: AkzoNobel N.V. Financial Performance

Table 27: PPG Industries Financial Performance

Table 28: Sherwin Williams Financial Performance

Table 29: BASF SE Financial Performance

Table 30: Axalta Coating Systems Financial Performance

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