#PowderCoatingsMarket

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Powder Coatings Market Size, Opportunities, Share, Growth, Trends & Forecast 2025

Powder coating is a dry finishing technique in which small paint particles are electrostatically charged and sprayed onto a workpiece. The workpiece is then placed in a high-temperature oven to allow the coating to flow and create a uniform, long-lasting, and ecologically friendly coating layer. The finished product is of high quality and has an appealing appearance. Metal, polymers, glass, and wood are among the substrates that powder coating can be applied to, with metal accounting for over 90% of all uses.

The Powder Coatings Market has numerous environmental issues, with a growing emphasis on complying with state and local wastewater discharge rules. Metals, oil & grease, and suspended solids are among the waste streams created by powder coating operations during the cleaning and pre-treatment phases. Powder coating industries have a difficult time complying with state and municipal environmental standards. Heavy metal pollution in wastewater has been a problem for metal finishing industries that employ various electroplating methods. 

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Powder Coatings Market - Forecast(2022 - 2027)

As per the World Health Organization, lead paint is a major contributor for lung cancer related deaths in the world. In a 2013 report printed in United Press International, World Health Organization estimated a staggering 600,000 disabilities each year due to lead present in paints. Inadvertently, the need for a more cost-effective, yet environmentally safe method for metal finishing had become the need of the hour. The world has now progressed in this field to using more environment-friendly industrial finishing techniques, with primary one being powder coatings process. The powder coatings market bloomed first in North America in early 1960s, and the products have now transformed into a convenient replacement for traditional industrial finishing methods.

Very similar to a conventional painting technique, the powder coating method involves usage of a dry powder which is composed of resins and pigments. The powder instantly sticks to a metal component due to the electrostatic charge present in it. According to the North American organization called Powder Coating Institute, 15% of the industrial finishing market uses powder in some form or another. Most companies are now opting for this method instead of any other kind of industrial finishing method on account of its durability, and high quality. Powders used in the process are also available in inexhaustible numbers based on color, and textures.

A recent IndustryArc report suggests noticeable growth in the powder coatings market size. In the year 2018, the report estimates the global powder coatings market to be worth $10,600 million, and projects the value to increment at a notable CAGR of 6.1% during the forecast period of 2019 to 2025. The analyst of the report highlights that the Asia Pacific region is taking the charge in expanding the market size, and generating more market revenue.

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Global Scenario Favors Powder Coatings Market Growth

An ever-increasing health risk associated with being exposed to paints, especially those which contain lead in them, led World Health Organization partner up with United Nations Environment Programme in order to form a cooperative initiative called Global Alliance to Eliminate Lead Paint. The Alliance has vowed to eliminate complete usage of lead paint in 70 countries by the year 2050, and has been encouraging industries to use powder coatings process actively in their general metal finishing activities.  This factor is expected to be a strong driver of the global powder coatings market growth.

Workers working in the painting industries are at an increased risk for cancer, and other diseases that can prove fatal. Operations that involve manual handling like implementing spray paints make painters, and other construction workers prone to inhaling paints, or coming in direct contact via skin. Constant analysis has shown that paints have the power to be present in blood, and urine once they enter inside the human body. Powder coating process on the other hand is extremely environment-friendly as it does not release any Volatile Organic Compounds (VOC) into the atmosphere. The powders used are also free from any hazardous air pollutants. This very fact has helped in accentuating powder coatings market growth. The carbon footprint offered by powder coatings method is almost negligible as compared to paints that contain toxic solvents.

The number of ways in which powder coating can one day completely replace painting are umpteen. The durability of wet painting, and plating is quite weak when compared to a dense, long-lasting texture offered by powder coating process. This makes powder coating a winner in everyone’s eyes, and is largely preferred by nearly all metal industries now. This process requires little or no heating as compared to plating which requires heavy usage of an oven. There is no drying time involved in powder coating process either, which again saves on time, manpower, and costs. The Powder Coating Institute also explains how powder coating process requires minimal training, with hardly any product rejects. Governments also do not interfere much in the powder coatings market revenue by imposing any bans or restrictions.

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Powder Coatings Market: Global Competitors

Some of the major competitors in the powder coatings market are AkzoNobel NV, PPG Industries Inc., Jotun Powder Coating, Axalta coating systems LLC, Evonik Industries, Asian Paints Limited, The Sherwin -Williams Company, and Kansai Paints Company Ltd. Most of these companies are innovating in the field of industrial finishing that involves paints, plating, and powder coating. Asian Paints Limited, for example, is a significant player in the Indian industrial finishing market. They have come up with two powder coatings brands titled ‘Apcoshield’ and ‘Hawcoplast’ for the Indian market which are set to influence the environment in a positive manner. PPG Industries Inc. on the other hand is a key player in the global field of industrial finishing. Every year they come up with a Sustainability Report that lists out how their products are impacting the environment, cultivating growth of business, satisfying clients, and engaging communities. This helps in proper market analysis, and improves market outlook.

Powder Coatings Market: Disruptive Trends

Since powder coating method is largely preferred by nearly all the industries, the market is buzzing with disruptive trends, and innovations. One of the most prominent trends is the use of powder coating method in finishing plastic materials. It is a bit of a challenge but the use of adhesive plastics makes the task easier. Another trend that the analyst sees now is the usage of powders made out of renewable resins. These are derived from materials like soybean oil, corn, and sugar. Many companies are also introducing different colors in the powders, ones that haven’t been seen before in order to attract a larger customer base.

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Powder Coatings Market Segments

The global powder coatings market can be segmented into resin type, application, region, and substrate. Based on substrate, the powder coatings market can be divided into metal, and non-metal. The underlying layer defines the kind of powder used for coating. On the basis of application, the powder coatings market can be bifurcated into automotive and transportation, architectural, furniture, consumer goods, etc. On the basis of resin type, the market can be bifurcated into thermoplastic like polyester, polyurethane, polyester-epoxy, and thermoset. Since Asia Pacific region is booming in industries, and manufacturing, it is leading in powder coatings market. According to IndustryArc, the Asia Pacific powder coatings market generated nearly 49% of the global demand in 2018, and its prosperity will remain unmatched by other regions in the near future too.

The powder coatings market is an imperative solution to lead paints, and the environmental and health risks associated with it. Industries now prefer the use of powder coatings on nearly every product owing to its durability, and the dense coating that it provides. The time isn’t far away when we will see powder coatings market completely take over the industrial finishing market for good.

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North America region is estimated to stay in the third position throughout the forecast period after Asia-Pacific and Europe.

To know more in detail report - https://bit.ly/2HqYx1x

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The global powder coatings market is projected to reach USD 13.49 Billion by 2022, at a CAGR of 6.75% from 2017 to 2022. The growing demand for appliances and lightweight automotive has led to an increase in demand for powder coatings.

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Green Coatings Market worth $85.7 Billion by 2018

The “Green Coatings Market by Types (Waterborne, Powder, High-Solids, Radiation Cure) & by Applications (Architectural Coatings, Automotive Coatings, Industrial Coatings, High Performance Coatings, Wood Coatings, Packaging Coatings, & Product Finishes) - Global Trends & Forecast to 2018”, analyzes the green coatings market with respect to market drivers, opportunities, and trends in the diverse geographical regions.                             

Browse 29 market data tables and 135 figures spread through 257 pages and in-depth TOC on "Green Coatings Market by Types (Waterborne, Powder, High-Solids, Radiation Cure) & by Applications (Architectural Coatings, Automotive Coatings, Industrial Coatings, High Performance Coatings, Wood Coatings, Packaging Coatings, & Product Finishes) & Geographies (North America (U.S., Canada, Mexico), Europe (Germany, U.K., Italy), Asia-Pacific (China, Japan, India), ROW (Brazil, Russia, Middle East)) - Global Trends & Forecast to 2018". Early buyers will receive 10% customization on reports.

Green coatings offer different characteristics as per the coatings manufacturing and their application requirements in the end products. The waterborne coatings have high demand at a global level and its manufacturing is majorly dominated by Asia-Pacific mainly by China, Japan, and India. The major industries for green coatings are architectural, automotive, industrial, high performance, wood, packaging, and product finishes.

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The green coatings manufacturing companies and research institutions are infusing high investment for the future advancements and technology of environment friendly and nonhazardous coatings. These investments are to create coatings with similar performance as compared to conventional VOC contained coatings. Asia-Pacific is the largest region followed by North America and Europe. Countries such as China, India, Japan, Malaysia, Thailand, Indonesia, Vietnam, and others are growing markets for green coatings. Major players in the green coatings industry include AkzoNobel, PPG Industries, Henkel, Sherwin-Williams, Axalta, Valspar, BASF, Kansai, and others.

North America is the global hub for major green coatings manufacturers and their headquarters in U.S. Within Asia-Pacific, most of the major market players are situated in Japan such as Kansai, Nippon, Chugoku Marine Paints, Fujikura Kasei, and others.

The green coatings demand market is analyzed by considering every possible factor that affects this coatings market. The materials demand, in terms of the value and volume market, depicts current and future projections according to parallel economic and industrial outlook. This analysis covers major developments, expansions, agreements, and mergers & acquisitions of leading global companies.

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The current worth of the global green coatings market (2012) is $60.6 billion and is estimated to reach $85.7 billion by 2018, growing at a CAGR of 5.9% from 2013 to 2018 under normal conditions. The high demand across the industries such as architectural and decorative, automotive, wood coatings, packaging, and product finishes will increase the overall materials consumption.

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

         M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

      We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. For More: Find more http://www.marketsandmarkets.com/Market-Reports/green-coatings-market-1260.html

Contact: Mr.Rohan North- Dominion Plaza, 17304, Preston Road, Suite 800, Dallas,TX 75252  Tel: +1-888-600-6441 Email: sales@marketsandmarkets.com

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Powder Coatings Market worth $12,055.13 Million by 2019

The report “Powder Coatings Market by Resin Type (Epoxy, Epoxy-Polyester Hybrid, Polyester, Acrylic, Polyurethane, & Others) and by End-User Industries (Architectural, Appliances, Automotive, General Industrial, Furniture & Others) - Global Forecast to 2019” report analyzes the global powder coatings market with respect to market drivers, restraints, and opportunities in different  regions                                                                                         Browse 87 market tables and 52 figures spread through 147 slides and in-depth TOC on "Powder Coatings Market by Resin Type (Epoxy, Epoxy-Polyester Hybrid, Polyester, Acrylic, Polyurethane, & Others) and by End-User Industries (Architectural, Appliances, Automotive, General Industrial, Furniture & Others) - Global Forecast to 2019" Early buyers will receive 10% customization on reports.

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The global powder coatings market is successfully penetrating the end-user industries. The end products are tailor-made as per the requirements of the end-user industries. The Asia-Pacific region is the fastest-growing segment of the global powder coatings market. This growth is mainly attributed to high economic growth rate followed by heavy investment across industries, such as automotive, consumer goods & appliances, building & construction, and furniture. The Asia-Pacific and RoW markets are estimated to grow in the next five years while the allied industries are projected to stabilize the overall business need in the respective regions.

R&D is a key part of this market. The manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of powder coatings to replace other solvent borne coating and match the new demands coming from various types of applications.

Asia-Pacific is the largest market, both in terms of volume and value, followed by Western Europe. China, Japan, Thailand, U.S., Germany, India, Brazil, and Russia are projected to continue being successful powder coating markets. The key players in this market are Akzonobel N.V. (Netherlands), Asian Paints Limited (India), Axalta Coating Systems LLC (U.S.), BASF SE (Germany), Jotun A/S (Norway), Kansai Paint Company Limited (Japan), PPG Industries, Inc. (U.S.), The Valspar Corporation (U.S.), The Sherwin-Williams Company (U.S.) and Tikkurila OYJ (Finland).

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The Eastern and Central European nations, emerging Southeast Asian, and Latin American nations that will host the future global events would supplement the growth of powder coating in different applications. Governmental regulations and proposals for improvement of infrastructure, and the rising housing market in emerging economies will drive the market.

The powder coating demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, expansions, agreements, and mergers & acquisitions of the leading global companies.                                      

The current market size of the powder coatings in terms of value was estimated to be about $8,274.26 million in 2013 and is projected to reach $12,055.13 million by 2019, growing at a CAGR of 6.54% between 2014 and 2019. The high demand across the industries, such as architectural coatings, automotive coatings, general industrial coatings, appliances coating, furniture coatings, and others will increase the overall powder coating consumption.

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Find more http://www.marketsandmarkets.com/Market-Reports/powder-coatings-market-151375565.html

Contact: Mr. Rohan North - Dominion Plaza, 17304 Preston Road, Suite 800, Dallas, TX 75252 Tel: +1-888-600-6441 Email:  sales@marketsandmarkets.com

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The powder coatings market is estimated to reach 3,001.17 thousand tons by volume by 2019, signifying a firm CAGR of over 5.84% between 2014 and 2019.

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Browse 87 market tables and 52 figures spread through 147 slides and in-depth TOC on "Powder Coatings Market by Resin Type (Epoxy, Epoxy-Polyester Hybrid, Polyester, Acrylic, Polyurethane, & Others) and by End-User Industries (Architectural, Appliances, Automotive, General Industrial, Furniture & Others) - Global Forecast to 2019"