Powder Coatings Market
Powder Coatings Market Size, Growth, Forecast Analysis, By Resin (Epoxy, Polyester, Epoxy-Polyester (Hybrid), Acrylic, Polyurethane, and Epoxy Polyester), By Application (Consumer Goods, Architectural, Automotive, Furniture), & Region - Global Market Insights 2022 to 2032
Analysis of Powder Coatings Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Powder Coatings Market Outlook (2022 to 2032)
The powder coatings market reached a valuation of US$ 12.72 Billion by 2021, and is likely to register a Y-o-Y growth rate of 5.0% in 2022, closing at US$ 13.48 Billion. Furthermore, across the 2022 to 2032 period of assessment, growth is expected to accelerate at a whopping 6.0% CAGR, reaching US$ 24.15 Billion.
Increased disposable income of consumers coupled with the growing population has resulted in an increasing demand for automobiles, furniture, electronics, industrial and household appliances, agricultural equipment and other products. Powder is being used to coat various surfaces such as engine parts, pipes and fixtures, metal parts used in household appliances and other products. Thus, an increased demand of finished goods has led to a growing demand for powder coatings in these countries.
Increasing demand for automobiles such as cars and commercial vehicles in developing countries such as China, India and Brazil and replacement or spare parts in developed economies such as the UK and U.S. coupled with the increasing application of powder coatings on numerous parts of automobiles is expected to drive the powder coating market over the next few years.
| Report Attributes | Details |
|---|---|
| Anticipated Base Year Value (2021) | US$ 12.72 Billion |
| Expected Market Value (2022) | US$ 13.48 Billion |
| Projected Forecast Value (2032) | US$ 24.15 Billion |
| Global Growth Rate (2022 to 2032) | 6.0% CAGR |
| Expected Growth Rate of the US Market (2022 to 2032) | 5.2% CAGR |
| Anticipated Growth Rate of the Japanese Market (2022 to 2032) | 4.7% CAGR |
| Prominent Powder Coatings Service Players | PPG Industries; The Sherwin-Williams Company; Akzo Nobel N.V.; Axalta Coating Systems LLC; Jotun A/S |
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Revenue Analysis of Powder Coatings Market (2017 to 2021) vs. Growth Outlook (2022 to 2032)
According to Fact.MR’s report, powder coatings demand exhibited a CAGR of over 3.1% from 2017 to 2021, topping US$ 12.72 Bn as of 2021. Demand for powder coatings has increased over the past decade owing to rising application of powder coatings in automotive and appliances and furniture manufacturing industries.
Use of powder coatings for consumer goods, namely automobiles, refrigerators, water heaters, dishwashers, microwaves, and industrial machinery has been on the rise. Growing demand on account of increasing purchasing power of consumers in developing economies is cited as the main factor that will influence sales of powder coatings over the coming years. Also, attributable to their versatility and widespread usage, sales of powder coatings will increase over the next ten years.
Key Market Drivers Influencing Powder Coatings Industry Expansion
Recycling Property of Powder Coatings to Propel Market Growth Prospects
Application of powder coating is a two-step process in which, firstly, the product is splashed with powder with the assistance of an electrostatically charged powder gun. The powder clings to the part, and afterward, that part is restored inside a coating oven.
This coating oven liquefies the powder so that it streams together and locks to the part effectively. The relieving procedure creates a durable bond that lasts and helps protect the metal beneath. Powder coating has a 60% of average transfer efficiency.
Thus, 40% of the powder is not able to adhere to the component. The excess sprayed powder on the part can be gathered and reused utilizing a procedure called powder reclamation. Powder reclamation works better when only one or two primary colors are being used for the products, as multiple color changes boost up equipment costs considerably.
If the component is sprayed with one or two colors, it can significantly help save the powder by reclaiming the powder. The over-sprayed powder can be trapped in the filters or spray booth. The recycled powder can be used again and which makes the powder.
Increasing Demand for Environmentally Friendly Coatings to Fuel the Market Growth
The market is expanding rapidly due to a reduction in the use of volatile organic compounds (VOCs). These coatings consist of no VOCs, thus reducing atmospheric pollution, safe storage and handling, and low fire hazard.
VOCs are chemicals that vaporize at room temperature and are the leading cause of ground-level air pollution. Nitrogen oxides react with VOCs to form smog and can cause nose, throat, eye irritations, headaches, memory impairment, visual disorders, and cancer in humans.
Increasing awareness regarding pollution control among manufacturers is boosting these coatings' production. Manufacturers are usually required to file for permits and follow strict environmental regulations on the amount of solvent and VOCs emitted into the atmosphere. Violation of the regulation by manufacturers regarding VOCs content has to face penalties and fines.
These coatings offer an alternative that minimizes the amount of air pollution control and complies with regulations and restrictions. In manufacturing these coatings, there is no use for petroleum solvents and therefore do not release VOCs harmful to the environment. These coatings comply with environmental regulations, which is expected to drive the market.
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Key Challenges encountered by Powder Coatings Industry
Environmental Challenges and Local Regulations to Hamper the Market Growth
With an increased emphasis on maintaining state and municipal requirements regulating wastewater discharge, the powder coating sector challenges several environmental issues. Powder coating processes create waste streams including metals, oil, grease, and suspended particles during the cleaning and pre-treatment phases of their operations.
Many state and municipal environmental requirements make it difficult for powder coating producers to meet. Heavy metal pollution in wastewater has been a problem for metal finishing businesses that utilize various electroplating methods.
Difficulty in Obtaining Thin Films Using Powder Coatings to Hinder the Market Growth
Powder coating does not contain any liquid carrier. In this way, it can deliver thicker coatings than conventional liquid coatings. It is moderately simple to apply thick coatings, texture-free coating, and it isn't as simple to apply smooth thin films. As the film thickness diminishes, the film turns out to be increasingly more orange stripped on surface because of the molecule size and glass transition temperature (Tg) of these coatings.
Powder coating’s particle size falls in the scope of 30 to 50 μm and a Tg > 40°C. By utilizing these coatings, film fabricates ups of more than 50 μm might be required to acquire an acceptably smooth film. Specialized tasks are there where these coatings under 30 µm or with a Tg < 40°C are utilized to produce smooth thin films. Thus, producing thin films using this coating is difficult to obtain, which is anticipated to hamper the growth of the market during the forecast period.
Country-wise Analysis
How will the U.S Perform in the Global Powder Coatings Industry Landscape?
Increase in Disposable Income to Boost the Regional Market Growth
Demand for powder coatings in the U.S has been increasing due to rising disposable income, leading to increased demand for consumer products, automobiles, and furniture. Also, presence of many powder coating manufacturers in the U.S. is further nudging market growth in the country.
The U.S market is projected to expand rapidly due to rise in automotive industry. Rising EV demand is propelling the automotive sector. The non-residential construction business is expanding in the U.S led by robust economic growth and proliferating real estate sector. In addition, rising state and federal infrastructure spending for buildings and public works shall augment the market growth in the region. The U.S powder coatings market is expected to expand at a CAGR of 5.2% across the forecast period.
How will the Growth of Powder Coatings Market grow across Japan?
Infrastructure Development to Enhance the Market Prospects
Japan is a major hub for paints and coatings manufacturing. Attributable to this, the country is emerging as a lucrative market for powder coatings as well. Also, Japan has major suppliers of raw materials for powder coatings, which is further nudging market growth. The market in Japan is expected to expand at a CAGR of 4.7% over the next ten years.
In Japan, polyester resin-based powder coating sales are expected to grow rapidly over the coming years. Infrastructure development in Japan is expected to boost the use of powder coating in architectural applications such as aluminum extrusions used in building facades, kitchen windows, doorframes, building facades, kitchen.
Country-wise Forecast CAGRs for the Powder Coatings Market
| Country | CAGR |
|---|---|
| US | 5.2% |
| Japan | 4.7% |
| China | 5.3% |
| Germany | 5.1% |
| UK | 5.0% |
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Category-wise Insights
Which is the Most Sought-after Resin Category?
Increased Demand of Epoxy Resins to Boost the Segment’s Growth
Powder coatings manufactured from epoxy resins are garnering increasing traction owing to enhanced protection that this type of powder coating offers against repeated mechanical stress, weather, and wear & tear associated with typical product lifecycles.
Epoxy resin-based powder coatings hold over 30% of the market share, followed by polyester resins that account for more than 1/4th of the market.
Surging preference for high-quality finish and durability of coatings in products will create remunerative growth opportunities for acrylic and resin-based powder coating. Demand for acrylic resin-based powder coatings is expected to expand at a stellar CAGR of more than 6% through 2032.
Which Segment to Remain Dominant in the Application Category?
Architectural Segment to Enhance Growth Prospects
According to Fact.MR’s data, preference for architectural Powder Coatings is expected to expand at a CAGR of 5.9% over the forecast period. One of the fastest-growing markets for powder coatings is the architectural and building market, primarily due to the durability of powder coatings.
Moreover, the expansion of polyester resin technology, namely stable, low-gloss formulas, provided architectural market opportunities that promoted the growth of powder coatings. Due to the variety of colors and finishes available in powder coatings, many construction companies are turning to powder coatings to provide long-term exterior finishes for outdoor venues and public work projects.
In April 2021, PT Jababeka Morotai, a subsidiary of Jababeka Group, collaborated with the OISCA International College Foundation (OISCA International) to develop the Morotai Special Economic Zone (KEK). Under this collaboration, a World War II monument and supporting facilities will be constructed in KEK, North Maluku Province, Indonesia.
Powder Coatings Market - Competitive Landscape
Prominent players in the Powder Coatings Industry are taking advantage of the rapidly increasing demand for the Powder Coatings in various applications. To further their outreach, players are relying on collaborations, partnerships and acquisitions with existing small, medium and large-scale vendors. Some prominent market developments are as follows:
- In April 2022, PPG Industries announced that it had completed the acquisition of the powder coatings manufacturing business of Arsonsisi, an industrial coatings company based in Milan, Italy.
- In September 2021, Covestro's Ultra series of coating hardeners was used by BASF's Coatings division. As a result, BASF was able to improve its refinish coatings portfolio to meet the strict occupational safety regulations for isocyanate usage.
- In May 2021, PPG launched CORAFLON platinum coatings for architectural metals. Compared to standard fluoroethylene vinyl ether coatings, the patented coatings technology provides high transfer efficiency rates of over 20% and improved corrosion resistance. PPG CORAFLON Platinum products are available globally in various colors, glosses, micas, and metallic finishes.
- In June 2021, AkzoNobel announced its plan to acquire Grupo Orbis to strengthen its South and Central America position. Depending on regulatory clearances, the acquisition is anticipated to be completed by the end of this year or early in 2022. Pintuco paints and coatings, Andercol and Poliquim (resins), and Mundial (distribution and services) are all part of the deal.
Key Segments Covered in the Powder Coatings Industry Survey
-
By Resin :
- Epoxy
- Polyester
- Epoxy-Polyester (Hybrid)
- Acrylic
- Polyurethane
- Epoxy Polyester
-
By Application :
- Consumer Goods
- Architectural
- Automotive
- General Industries
- Furniture
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Global Market - Executive Summary
- 2. Global Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, 2022 to 2032
- 7. Global Pricing Point Analysis
- 8. Global Market Value & Volume Analysis and Forecast 2022 to 2032
- 8.1. Global Market Value & Volume Analysis 2017 to 2021 and Forecast 2022 to 2032, by Resins
- 8.1.1. Epoxy
- 8.1.2. Polyester
- 8.1.3. Epoxy-Polyester (Hybrid)
- 8.1.4. Acrylic
- 8.1.5. Polyurethane
- 8.1.6. Others
- 8.2. Global Market Value & Volume Analysis 2017 to 2021 and Forecast 2022 to 2032, by Application
- 8.2.1. Consumer Goods
- 8.2.2. Architectural
- 8.2.3. Automotive
- 8.2.4. General Industries
- 8.2.5. Furniture
- 8.2.6. Others
- 8.3. Global Market Value & Volume Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
- 8.3.1. North America
- 8.3.2. Latin America
- 8.3.3. Europe
- 8.3.4. East Asia
- 8.3.5. South Asia & Oceania
- 8.3.6. MEA
- 8.1. Global Market Value & Volume Analysis 2017 to 2021 and Forecast 2022 to 2032, by Resins
- 9. North America Market Value & Volume Analysis and Forecast 2022 to 2032
- 10. Latin America Market Value & Volume Analysis and Forecast 2022 to 2032
- 11. Europe Market Value & Volume Analysis and Forecast 2022 to 2032
- 12. East Asia Market Value & Volume Analysis and Forecast 2022 to 2032
- 13. South Asia & Oceania Market Value & Volume Analysis and Forecast 2022 to 2032
- 14. Middle East & Africa Market Value & Volume Analysis and Forecast 2022 to 2032
- 15. Global Market - Emerging Countries Analysis
- 16. Competitive Assessment
- 17. Company Profiles
- 17.1. BASF SE
- 17.2. Akzo Nobel N.V.
- 17.3. PPG Industries, Inc.
- 17.4. Eastman Chemical Company
- 17.5. Sherwin-Williams
- 17.6. Axalta Coating Systems
- 17.7. Kansai Paint Co., Ltd.
- 17.8. Nippon Paint Holdings Co., Ltd.
- 17.9. Royal DSM
- 17.10. Bayer AG (Covestro AG)
- 17.11. Ferro Arte de Mexico
- 17.12. Eisenmann
- 17.13. TCI Powder Coatings
- 17.14. Allnex Italy Srl
- 17.15. Evonik Industries AG
- 17.16. IGP Pulvertechnik AG
- 17.17. Jotun A/S
- 18. Fact.MR Research Methodology
- 19. Disclaimer & Contact Information
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List Of Table
Table 01: Global Market Value (US$ Bn) and Volume (Tons) Analysis by Resins, 2017 to 2021
Table 02: Global Market Value (US$ Bn) and Volume (Tons) Forecast by Resins, 2022 to 2032
Table 03: Global Market Value (US$ Bn) and Volume (Tons) Analysis by Application, 2017 to 2021
Table 04: Global Market Value (US$ Bn) and Volume (Tons) Forecast by Application, 2022 to 2032
Table 05: Global Market Value (US$ Bn) and Volume (Tons) Analysis by Region, 2017 to 2021
Table 06: Global Market Value (US$ Bn) and Volume (Tons) Forecast by Region, 2022 to 2032
Table 07: North America Market Value (US$ Bn) and Volume (Tons) Analysis by Country, 2017 to 2021
Table 08: North America Market Value (US$ Bn) and Volume (Tons) Forecast by Country, 2022 to 2032
Table 09: North America Market Value (US$ Bn) and Volume (Tons) Analysis by Resins, 2017 to 2021
Table 10: North America Market Value (US$ Bn) and Volume (Tons) Forecast by Resins, 2022 to 2032
Table 11: North America Market Value (US$ Bn) and Volume (Tons) Analysis by Application, 2017 to 2021
Table 12: North America Market Value (US$ Bn) and Volume (Tons) Forecast by Application, 2022 to 2032
Table 13: Latin America Market Value (US$ Bn) and Volume (Tons) Analysis by Country, 2017 to 2021
Table 14: Latin America Market Value (US$ Bn) and Volume (Tons) Forecast by Country, 2022 to 2032
Table 15: Latin America Market Value (US$ Bn) and Volume (Tons) Analysis by Resins, 2017 to 2021
Table 16: Latin America Market Value (US$ Bn) and Volume (Tons) Forecast by Resins, 2022 to 2032
Table 17: Latin America Market Value (US$ Bn) and Volume (Tons) Analysis by Application, 2017 to 2021
Table 18: Latin America Market Value (US$ Bn) and Volume (Tons) Forecast by Application, 2022 to 2032
Table 19: Europe Market Value (US$ Bn) and Volume (Tons) Analysis by Country, 2017 to 2021
Table 20: Europe Market Value (US$ Bn) and Volume (Tons) Forecast by Country, 2022 to 2032
Table 21: Europe Market Value (US$ Bn) and Volume (Tons) Analysis by Resins, 2017 to 2021
Table 22: Europe Market Value (US$ Bn) and Volume (Tons) Forecast by Resins, 2022 to 2032
Table 23: Europe Market Value (US$ Bn) and Volume (Tons) Analysis by Application, 2017 to 2021
Table 24: Europe Market Value (US$ Bn) and Volume (Tons) Forecast by Application, 2022 to 2032
Table 25: East Asia Market Value (US$ Bn) and Volume (Tons) Analysis by Country, 2017 to 2021
Table 26: East Asia Market Value (US$ Bn) and Volume (Tons) Forecast by Country, 2022 to 2032
Table 27: East Asia Market Value (US$ Bn) and Volume (Tons) Analysis by Resins, 2017 to 2021
Table 28: East Asia Market Value (US$ Bn) and Volume (Tons) Forecast by Resins, 2022 to 2032
Table 29: East Asia Market Value (US$ Bn) and Volume (Tons) Analysis by Application, 2017 to 2021
Table 30: East Asia Market Value (US$ Bn) and Volume (Tons) Forecast by Application, 2022 to 2032
Table 31: South Asia & Oceania Market Value (US$ Bn) and Volume (Tons) Analysis by Country, 2017 to 2021
Table 32: South Asia & Oceania Market Value (US$ Bn) and Volume (Tons) Forecast by Country, 2022 to 2032
Table 33: South Asia & Oceania Market Value (US$ Bn) and Volume (Tons) Analysis by Resins, 2017 to 2021
Table 34: South Asia & Oceania Market Value (US$ Bn) and Volume (Tons) Forecast by Resins, 2022 to 2032
Table 35: South Asia & Oceania Market Value (US$ Bn) and Volume (Tons) Analysis by Application, 2017 to 2021
Table 36: South Asia & Oceania Market Value (US$ Bn) and Volume (Tons) Forecast by Application, 2022 to 2032
Table 37: MEA Market Value (US$ Bn) and Volume (Tons) Analysis by Country, 2017 to 2021
Table 38: MEA Market Value (US$ Bn) and Volume (Tons) Forecast by Country, 2022 to 2032
Table 39: MEA Market Value (US$ Bn) and Volume (Tons) Analysis by Resins, 2017 to 2021
Table 40: MEA Market Value (US$ Bn) and Volume (Tons) Forecast by Resins, 2022 to 2032
Table 41: MEA Market Value (US$ Bn) and Volume (Tons) Analysis by Application, 2017 to 2021
Table 42: MEA Market Value (US$ Bn) and Volume (Tons) Forecast by Application, 2022 to 2032
Table 43: China Market Value (US$ Bn) and Volume (Tons) Analysis by Resins, 2017 to 2021
Table 44: China Market Value (US$ Bn) and Volume (Tons) Forecast by Resins, 2022 to 2032
Table 45: China Market Value (US$ Bn) and Volume (Tons) Analysis by Application, 2017 to 2021
Table 46: China Market Value (US$ Bn) and Volume (Tons) Forecast by Application, 2022 to 2032
Table 47: India Market Value (US$ Bn) and Volume (Tons) Analysis by Resins, 2017 to 2021
Table 48: India Market Value (US$ Bn) and Volume (Tons) Forecast by Resins, 2022 to 2032
Table 49: India Market Value (US$ Bn) and Volume (Tons) Analysis by Application, 2017 to 2021
Table 50: India Market Value (US$ Bn) and Volume (Tons) Forecast by Application, 2022 to 2032
Table 51: Mexico Market Value (US$ Bn) and Volume (Tons) Analysis by Resins, 2017 to 2021
Table 52: Mexico Market Value (US$ Bn) and Volume (Tons) Forecast by Resins, 2022 to 2032
Table 53: Mexico Market Value (US$ Bn) and Volume (Tons) Analysis by Application, 2017 to 2021
Table 54: Mexico Market Value (US$ Bn) and Volume (Tons) Forecast by Application, 2022 to 2032
Table 55: U.S. Market Absolute $ Opportunity Forecast, 2022 to 2032
Table 56: Canada Market Absolute $ Opportunity Forecast, 2022 to 2032
Table 57: Brazil Market Absolute $ Opportunity Forecast, 2022 to 2032
Table 58: Mexico Market Absolute $ Opportunity Forecast, 2022 to 2032
Table 59: Rest of Latin America Market Absolute $ Opportunity Forecast, 2022 to 2032
Table 60: Germany Market Absolute $ Opportunity Forecast, 2022 to 2032
Table 61: Italy Market Absolute $ Opportunity Forecast, 2022 to 2032
Table 62: France Market Absolute $ Opportunity Forecast, 2022 to 2032
Table 63: U.K. Market Absolute $ Opportunity Forecast, 2022 to 2032
Table 64: Spain Market Absolute $ Opportunity Forecast, 2022 to 2032
Table 65: BENELUX Market Absolute $ Opportunity Forecast, 2022 to 2032
Table 66: Russia Market Absolute $ Opportunity Forecast, 2022 to 2032
Table 67: Rest of Europe Market Absolute $ Opportunity Forecast, 2022 to 2032
Table 68: China Market Absolute $ Opportunity Forecast, 2022 to 2032
Table 69: Japan Market Absolute $ Opportunity Forecast, 2022 to 2032
Table 70: South Korea Market Absolute $ Opportunity Forecast, 2022 to 2032
Table 71: India Market Absolute $ Opportunity Forecast, 2022 to 2032
Table 72: Thailand Market Absolute $ Opportunity Forecast, 2022 to 2032
Table 73: Indonesia Market Absolute $ Opportunity Forecast, 2022 to 2032
Table 74: Malaysia Market Absolute $ Opportunity Forecast, 2022 to 2032
Table 75: Australia & New Zealand Market Absolute $ Opportunity Forecast, 2022 to 2032
Table 76: Rest of SAO Market Absolute $ Opportunity Forecast, 2022 to 2032
Table 77: GCC Countries Market Absolute $ Opportunity Forecast, 2022 to 2032
Table 78: Turkey Market Absolute $ Opportunity Forecast, 2022 to 2032
Table 79: South Africa Market Absolute $ Opportunity Forecast, 2022 to 2032
Table 80: Northern Africa Market Absolute $ Opportunity Forecast, 2022 to 2032
Table 81: Rest of MEA Market Absolute $ Opportunity Forecast by, 2022 to 2032
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List Of Figures
Figure 01: Global Market Historical Volume (Tons), 2017 to 2021
Figure 02: Global Market Volume (Tons) Forecast, 2022 to 2032
Figure 03: Global Market Historical Value (US$ Bn), 2017 to 2021
Figure 04: Global Market Value (US$ Bn) Forecast, 2022 to 2032
Figure 05: Global Market Absolute $ Opportunity, 2022 to 2032
Figure 06: Global Market Value Share & BPS Analysis by Resins- 2017, 2022 & 2032
Figure 07: Global Market Y-o-Y Projection by Resins, 2022 to 2032
Figure 08: Global Market Attractiveness by Resins, 2022 to 2032
Figure 09: Global Market Absolute $ Opportunity - Epoxy, 2017 to 2032
Figure 10: Global Market Absolute $ Opportunity - Polyester, 2017 to 2021
Figure 11: Global Market Absolute $ Opportunity - Epoxy Polyester (Hybrid), 2017 to 2032
Figure 12: Global Market Absolute $ Opportunity - Acrylic, 2017 to 2032
Figure 13: Global Market Absolute $ Opportunity - Polyurethane, 2017 to 2032
Figure 14: Global Market Absolute $ Opportunity - Others, 2017 to 2032
Figure 15: Global Market Value Share & BPS Analysis by Application- 2017, 2022 & 2032
Figure 16: Global Market Y-o-Y Projection by Application, 2022 to 2032
Figure 17: Global Market Attractiveness by Application, 2022 to 2032
Figure 18: Global Market Absolute $ Opportunity - Consumer Goods, 2017 to 2032
Figure 19: Global Market Absolute $ Opportunity - Architectural, 2017 to 2021
Figure 20: Global Market Absolute $ Opportunity - Automotive, 2017 to 2032
Figure 21: Global Market Absolute $ Opportunity - General Industries, 2017 to 2032
Figure 22: Global Market Absolute $ Opportunity - Furniture, 2017 to 2032
Figure 23: Global Market Absolute $ Opportunity - Others, 2017 to 2032
Figure 24: Global Market Value Share & BPS Analysis by Region- 2017, 2022 & 2032
Figure 25: Global Market Analysis by Region, 2022 to 2032
Figure 26: Global Market Analysis by Region, 2022 to 2032
Figure 27: Global Market Absolute $ Opportunity - North America, 2017 to 2032
Figure 28: Global Market Absolute $ Opportunity - Latin America, 2017 to 2032
Figure 29: Global Market Absolute $ Opportunity - Europe, 2017 to 2032
Figure 30: Global Market Absolute $ Opportunity - East Asia, 2017 to 2032
Figure 31: Global Market Absolute $ Opportunity - South Asia & Oceania, 2017 to 2032
Figure 32: Global Market Absolute $ Opportunity - MEA, 2017 to 2032
Figure 33: North America Market Historical Volume (Tons), 2017 to 2021
Figure 34: North America Market Volume (Tons) Forecast, 2022 to 2032
Figure 35: North America Market Historical Value (US$ Bn), 2017 to 2021
Figure 36: North America Market Value (US$ Bn) Forecast, 2022 to 2032
Figure 37: North America Market Value Share & BPS Analysis by Country- 2017, 2022 & 2032
Figure 38: North America Market Y-o-Y Projection by Country, 2022 to 2032
Figure 39: North America Market Attractiveness by Country, 2022 to 2032
Figure 40: North America Market Absolute $ Opportunity - U.S., 2017 to 2032
Figure 41: North America Market Absolute $ Opportunity - Canada, 2017 to 2021
Figure 42: North America Market Value Share & BPS Analysis by Resins- 2017, 2022 & 2032
Figure 43: North America Market Y-o-Y Projection by Resins, 2022 to 2032
Figure 44: North America Market Attractiveness by Resins, 2022 to 2032
Figure 45: North America Market Value Share & BPS Analysis by Application- 2017, 2022 & 2032
Figure 46: North America Market Y-o-Y Projection by Application, 2022 to 2032
Figure 47: North America Market Attractiveness by Application, 2022 to 2032
Figure 48: Latin America Market Historical Volume (Tons), 2017 to 2021
Figure 49: Latin America Market Volume (Tons) Forecast, 2022 to 2032
Figure 50: Latin America Market Historical Value (US$ Bn), 2017 to 2021
Figure 51: Latin America Market Value (US$ Bn) Forecast, 2022 to 2032
Figure 52: Latin America Market Value Share & BPS Analysis by Country- 2017, 2022 & 2032
Figure 53: Latin America Market Y-o-Y Projection by Country, 2022 to 2032
Figure 54: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 55: Latin America Market Absolute $ Opportunity - Brazil, 2017 to 2032
Figure 56: Latin America Market Absolute $ Opportunity - Mexico, 2017 to 2021
Figure 57: Latin America Market Absolute $ Opportunity - Rest of Latin America, 2017 to 2021
Figure 58: Latin America Market Value Share & BPS Analysis by Resins- 2017, 2022 & 2032
Figure 59: Latin America Market Y-o-Y Projection by Resins, 2022 to 2032
Figure 60: Latin America Market Attractiveness by Resins, 2022 to 2032
Figure 61: Latin America Market Value Share & BPS Analysis by Application- 2017, 2022 & 2032
Figure 62: Latin America Market Y-o-Y Projection by Application, 2022 to 2032
Figure 63: Latin America Market Attractiveness by Application, 2022 to 2032
Figure 64: Europe Market Historical Volume (Tons), 2017 to 2021
Figure 65: Europe Market Volume (Tons) Forecast, 2022 to 2032
Figure 66: Europe Market Historical Value (US$ Bn), 2017 to 2021
Figure 67: Europe Market Value (US$ Bn) Forecast, 2022 to 2032
Figure 68: Europe Market Value Share & BPS Analysis by Country- 2017, 2022 & 2032
Figure 69: Europe Market Y-o-Y Projection by Country, 2022 to 2032
Figure 70: Europe Market Attractiveness by Country, 2022 to 2032
Figure 71: Europe Market Absolute $ Opportunity - Germany, 2017 to 2032
Figure 72: Europe Market Absolute $ Opportunity - Mexico, 2017 to 2021
Figure 73: Europe Market Absolute $ Opportunity - U.K., 2017 to 2021
Figure 74: Europe Market Absolute $ Opportunity - Spain, 2017 to 2032
Figure 75: Europe Market Absolute $ Opportunity - BENELUX, 2017 to 2021
Figure 76: Europe Market Absolute $ Opportunity - Russia, 2017 to 2021
Figure 77: Europe Market Absolute $ Opportunity - Rest of Europe, 2017 to 2021
Figure 78: Europe Market Value Share & BPS Analysis by Resins- 2017, 2022 & 2032
Figure 79: Europe Market Y-o-Y Projection by Resins, 2022 to 2032
Figure 80: Europe Market Attractiveness by Resins, 2022 to 2032
Figure 81: Europe Market Value Share & BPS Analysis by Application- 2017, 2022 & 2032
Figure 82: Europe Market Y-o-Y Projection by Application, 2022 to 2032
Figure 83: Europe Market Attractiveness by Application, 2022 to 2032
Figure 84: East Asia Market Historical Volume (Tons), 2017 to 2021
Figure 85: East Asia Market Volume (Tons) Forecast, 2022 to 2032
Figure 86: East Asia Market Historical Value (US$ Bn), 2017 to 2021
Figure 87: East Asia Market Value (US$ Bn) Forecast, 2022 to 2032
Figure 88: East Asia Market Value Share & BPS Analysis by Country- 2017, 2022 & 2032
Figure 89: East Asia Market Y-o-Y Projection by Country, 2022 to 2032
Figure 90: East Asia Market Attractiveness by Country, 2022 to 2032
Figure 91: East Asia Market Absolute $ Opportunity - China, 2017 to 2032
Figure 92: East Asia Market Absolute $ Opportunity - Japan, 2017 to 2021
Figure 93: East Asia Market Absolute $ Opportunity - South Korea, 2017 to 2021
Figure 94: East Asia Market Value Share & BPS Analysis by Resins- 2017, 2022 & 2032
Figure 95: East Asia Market Y-o-Y Projection by Resins, 2022 to 2032
Figure 96: East Asia Market Attractiveness by Resins, 2022 to 2032
Figure 97: East Asia Market Value Share & BPS Analysis by Application- 2017, 2022 & 2032
Figure 98: East Asia Market Y-o-Y Projection by Application, 2022 to 2032
Figure 99: East Asia Market Attractiveness by Application, 2022 to 2032
Figure 100: South Asia & Oceania Market Historical Volume (Tons), 2017 to 2021
Figure 101: South Asia & Oceania Market Volume (Tons) Forecast, 2022 to 2032
Figure 102: South Asia & Oceania Market Historical Value (US$ Bn), 2017 to 2021
Figure 103: South Asia & Oceania Market Value (US$ Bn) Forecast, 2022 to 2032
Figure 104: South Asia & Oceania Market Value Share & BPS Analysis by Country- 2017, 2022 & 2032
Figure 105: South Asia & Oceania Market Y-o-Y Projection by Country, 2022 to 2032
Figure 106: South Asia & Oceania Market Attractiveness by Country, 2022 to 2032
Figure 107: South Asia & Oceania Market Absolute $ Opportunity - India, 2017 to 2032
Figure 108: South Asia & Oceania Market Absolute $ Opportunity - Thailand, 2017 to 2021
Figure 109: South Asia & Oceania Market Absolute $ Opportunity - Indonesia, 2017 to 2021
Figure 110: South Asia & Oceania Market Absolute $ Opportunity - Malaysia, 2017 to 2021
Figure 111: South Asia & Oceania Market Absolute $ Opportunity - Australia & New Zealand, 2017 to 2021
Figure 112: South Asia & Oceania Market Absolute $ Opportunity - Rest of South Asia & Oceania, 2017 to 2021
Figure 113: South Asia & Oceania Market Value Share & BPS Analysis by Resins- 2017, 2022 & 2032
Figure 114: South Asia & Oceania Market Y-o-Y Projection by Resins, 2022 to 2032
Figure 115: South Asia & Oceania Market Attractiveness by Resins, 2022 to 2032
Figure 116: South Asia & Oceania Market Value Share & BPS Analysis by Application- 2017, 2022 & 2032
Figure 117: South Asia & Oceania Market Y-o-Y Projection by Application, 2022 to 2032
Figure 118: South Asia & Oceania Market Attractiveness by Application, 2022 to 2032
Figure 119: MEA Market Historical Volume (Tons), 2017 to 2021
Figure 120: MEA Market Volume (Tons) Forecast, 2022 to 2032
Figure 121: MEA Market Historical Value (US$ Bn), 2017 to 2021
Figure 122: MEA Market Value (US$ Bn) Forecast, 2022 to 2032
Figure 123: MEA Market Value Share & BPS Analysis by Country- 2017, 2022 & 2032
Figure 124: MEA Market Y-o-Y Projection by Country, 2022 to 2032
Figure 125: MEA Market Attractiveness by Country, 2022 to 2032
Figure 126: MEA Market Absolute $ Opportunity - GCC Countries, 2017 to 2032
Figure 127: MEA Market Absolute $ Opportunity - Turkey, 2017 to 2021
Figure 128: MEA Market Absolute $ Opportunity - South Africa, 2017 to 2021
Figure 129: MEA Market Absolute $ Opportunity - Northern Africa, 2017 to 2021
Figure 130: MEA Market Absolute $ Opportunity - Rest of MEA, 2017 to 2021
Figure 131: MEA Market Value Share & BPS Analysis by Resins- 2017, 2022 & 2032
Figure 132: MEA Market Y-o-Y Projection by Resins, 2022 to 2032
Figure 133: MEA Market Attractiveness by Resins, 2022 to 2032
Figure 134: MEA Market Value Share & BPS Analysis by Application- 2017, 2022 & 2032
Figure 135: MEA Market Y-o-Y Projection by Application, 2022 to 2032
Figure 136: MEA Market Attractiveness by Application, 2022 to 2032
Figure 137: China Market Value Share & BPS Analysis by Resins- 2017, 2022 & 2032
Figure 138: China Market Y-o-Y Projection by Resins, 2022 to 2032
Figure 139: China Market Attractiveness by Resins, 2022 to 2032
Figure 140: China Market Value Share & BPS Analysis by Application- 2017, 2022 & 2032
Figure 141: China Market Y-o-Y Projection by Application, 2022 to 2032
Figure 142: China Market Attractiveness by Application, 2022 to 2032
Figure 143: India Market Value Share & BPS Analysis by Resins- 2017, 2022 & 2032
Figure 144: India Market Y-o-Y Projection by Resins, 2022 to 2032
Figure 145: India Market Attractiveness by Resins, 2022 to 2032
Figure 146: India Market Value Share & BPS Analysis by Application- 2017, 2022 & 2032
Figure 147: India Market Y-o-Y Projection by Application, 2022 to 2032
Figure 148: India Market Attractiveness by Application, 2022 to 2032
Figure 149: Mexico Market Value Share & BPS Analysis by Resins- 2017, 2022 & 2032
Figure 150: Mexico Market Y-o-Y Projection by Resins, 2022 to 2032
Figure 151: Mexico Market Attractiveness by Resins, 2022 to 2032
Figure 152: Mexico Market Value Share & BPS Analysis by Application- 2017, 2022 & 2032
Figure 153: Mexico Market Y-o-Y Projection by Application, 2022 to 2032
Figure 154: Mexico Market Attractiveness by Application, 2022 to 2032
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- FAQs -
At what value will the Powder Coatings market close in 2022?
As of 2022, Fact.MR expects the Powder Coatings industry to be valued at US$ 13.48 Billion.
How will the US market for Powder Coatings flourish until 2032?
As per Fact.MR’s projections, the market for Powder Coatings in the US will likely expand at a 5.2% CAGR.
What will be the growth scenario for the market in Japan until 2032?
Japan is poised to yield a CAGR of 4.7% with respect to Powder Coatings in 2032.
At what percentage will the industry expand during the 2022 to 2032 period of assessment?
From 2023 to 2033, the Powder Coatings industry is poised to flourish at a 6.0% CAGR.
What is the expected closing market value for Powder Coatings in 2032?
By 2032, the Powder Coatings landscape is slated to reach a valuation of US$ 24.15 Billion.
By resin, which segment is likely to experience the fastest growth rate?
Epoxy Resins Segment is expected to grow the fastest, at a CAGR of 6.0%.
Which is the most preferred application category of Powder Coatings?
By application, the architectural powder coatings segment is expected to dominate the market, documenting a 5.9% value CAGR.
From 2017 to 2021, what was the documented growth rate for the Powder Coatings market?
According to Fact.MR, a CAGR of 3.1% was recorded for the Powder Coatings market from 2017 to 2021.
What was the market worth for Powder Coatings in 2021?
As of 2021, the Powder Coatings market was valued at US$ 12.72 Billion.
Powder Coatings Market