Feb 26, 2023
English - UK
Pramod Pawar
Powder coating is a type of coating process that involves spraying finely ground particles of pigment onto a substrate material in order to achieve a uniform finish. This type of coating is preferred due to its durability, corrosion resistance, flexibility, and cost-effectiveness as compared to liquid paints or other types of coatings.
It is used to coat metal surfaces with a protective layer of polyester, epoxy, or polyurethane. It involves the spraying of finely ground powder particles onto the surface in an electrostatic field. This layer helps protect the metal surface from corrosion, scratches and other damages. The powder particles are then heated and melted into a uniform film that adheres to the surface. Powder coating can be applied to almost any metal material such as steel, aluminum, brass and copper as well as plastics and wood.
The global powder coating market size was valued at USD 12.59 billion in 2023 and is expected to reach USD 19.1 billion by 2033, growing at a CAGR of 4.2% from 2023 to 2033, due to its increasing demand in various industries such as automotive, construction and consumer goods.
Increasing awareness about environmental trends has been driving demand for eco-friendly products which is boosting the growth of this market. The growth of this market can be attributed to the increasing demand for environment-friendly coatings and its superior properties compared to other traditional coatings such as liquid paint.
The demand for powder coatings is increasing due to their superior properties such as high durability, chemical and corrosion resistance, and high-quality finishes. The trend towards sustainable and eco-friendly manufacturing practices is also driving the demand for powder coatings. The growing use of powder coatings in various end-use industries such as automotive, building and construction, and consumer goods is further propelling market growth.
The Asia-Pacific region is the largest market for powder coating, accounting for over 40% of the global market share in 2021. The region is also expected to be the fastest-growing market during the forecast period due to increasing industrialization, urbanization, and the growth of end-use industries such as automotive, building and construction, and consumer goods.
Asia Pacific and MEA economies have seen strong growth of non-residential industries such as retail, IT and telecom. This has resulted a rise in product demand. It is expected that the market will continue to develop due to the increased number of companies selling consumer goods in India, China and Singapore. Powder coatings are more economical than other types of coatings. They have excellent appearance and uniform thickness.
Market growth is expected to be driven in part by an increase in production of automobiles, as well as a rising demand for medical devices, in countries like India and Brazil. High product adoption in the furniture market due to its high performance, low operational expenses, color availability and custom property such as anticorrosion and antibacterial functions will drive market growth.
For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2033 | Download a Sample Report
Asia Pacific was the market leader in powder coatings by 2022. China's growing infrastructure and India's will increase powder coating requirements in architectural applications, such as kitchen windows and doorframes. Powder coating demand in an architectural applications is expected to decrease in Asia Pacific because of the significant market share for anodized Aluminum Extrusion.
The U.S. car industry will grow, and VOC emissions due to coatings in automobile manufacturing will increase. A shift from European Union manufacturing to Mexico and an increase in powder coatings in Mexico's automobile industry are also predicted.
For Details on vendor and its offerings - Buy the report!
Interested to Procure the Data? Inquire here at https://market.us/report/powder-coating-market/#inquiry
Report Attribute | Details |
Market size value in 2023 | USD 12.59 billion |
Revenue forecast by 2033 | USD 19.1 billion |
Global Market Growth Rate (2023 to 2033) | CAGR of 4.2% |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of the World |
Historical Years | 2017-2022 |
Base Year | 2022 |
Estimated Year | 2023 |
Short-Term Projection Year | 2028 |
Long-Term Projected Year | 2032 |
1. What is powder coating?
Powder coating is a dry finishing process that is used to apply color and protect metal surfaces. It is an eco-friendly and cost-effective alternative to traditional wet painting methods.
2. What are the advantages of powder coatings?
Powder coatings offer high durability, chemical and corrosion resistance, and high-quality finishes. They are also eco-friendly and cost-effective compared to traditional wet painting methods.
3. Which industry uses the most powder coatings?
The automotive industry is the largest end-use industry for powder coatings, followed by the building and construction industry.
4. What are the key drivers of the powder coating market?
The key drivers of the powder coating market are the growing demand for powder coatings in end-use industries, increasing emphasis on sustainable
Contact Person: Mr. Lawrence John
Market.us (Powered By Prudour Pvt. Ltd.)
Tel: +1 718 618 4351
Send Email: inquiry@market.us
May 15, 2024
May 14, 2024