"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Powder Coatings Market Size, Share & Industry Analysis, By Resin (Thermoset (Epoxy Polyester, Polyester, Epoxy, Polyurethane, Acrylic, and Others), and Thermoplastic (Polyvinyl chloride (PVC), Nylon, Polyolefin, and Polyvinyl Fluoride (PVF))), By Coating Method (Electrostatic Spray, Fluidized Bed, and Others), By Application, and Regional Forecast, 2019-2026

Region : Global | Format: PDF | Report ID: FBI102139



Play Audio Listen to Audio Version

The global powder coatings market size was USD 8.98 billion in 2018 and is projected to reach USD 15 billion by 2026, exhibiting a CAGR of 6.8% during the forecast period 2019 to 2026.

COVID-19 Cover

We are in process of revamping Powder Coatings Market with respect to COVID-19 Impact.

Request Sample

Powder coating is a solvent-free coating and is commonly used to create a hard finish. It is mainly used for the coating of metals, such as drum hardware, household appliances, automobile, aluminum extrusions, bicycle parts, and others. The major benefit of the powder coatings is that it avoids the economic and environmental costs of petroleum solvents which are used in conventional liquid coatings. An increase in consumer per capita spending along with advancement in technology will drive the market during the forecast timeframe.


Shift from Conventional Liquid Coatings to Powder Coatings to Fuel the Market

Liquid coatings produce hazardous waste in two key areas disposal and retouching. The liquid coatings defect frequently require solvents due to its chemical composition. The solvent used in liquid coatings produce harmful fumes and the used solvents are considered as hazardous waste. Stripped and discarded liquid coatings may also be hazardous waste and should be disposed of properly which can be an expensive and time-consuming process.

Request a Free sample to learn more about this report.

It is considered inert and does not require disposal or handling. Powder coatings are inflammable and are considered safe, though the liquid coating is a solvent-borne coating which is not considered as safe. It is much safer to handle and isn’t hazardous to retouch, in turn improves the coat. The coated powder part can simply wipe or uses compressed air to eliminate the uncured concentrate and re-apply it. Any waste generated using powder coatings can be swept up and handled without special safety equipment, and it can be discarded easily. It provides easy cleanup and produces no harmful waste.


Increasing Demand for The Environmental-friendly Powder Coatings

The powder coatings market is expanding rapidly due to a reduction in the use of volatile organic compounds (VOCs). It consists of no VOCs thus reduction of atmospheric pollution, safe storage and handling, and low fire hazard. VOCs are chemicals that vaporize at room temperature and are a leading cause of ground-level air pollution. Nitrogen oxides reaction with VOCs to form smog and can cause nose, throat and eye irritations, headaches, memory impairment, visual disorders, and cancer in humans.

Increasing awareness regarding pollution control among manufacturers is boosting the overall production. Manufacturers usually require 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 may result in penalties and fines. Powder coatings offer an alternative that minimizes the amount of air pollution control and are in compliance with regulations and restrictions. In the manufacturing process, there is no use of petroleum solvents and therefore do not release VOCs that are harmful to the environment. The product complies with environmental regulation which is expected to drive the overall market.

Recycling Property of Powder Coating Is Likely to Drive the Market

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 powder coating oven. Powder coating oven liquefies the powder so that it is streaming 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 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, then it can significantly help to 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 it more preferable than conventional liquid coatings.

An Infographic Representation of Powder Coatings Market

To get information on various segments, share your queries with us


Difficulty in Obtaining Thin Films Using Powder Coatings

Powder coatings do 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, it isn't as simple to apply smooth thin films. As the film thickness is diminished, the film turns out to be increasingly more orange stripped in the surface because of the molecule size and glass transition temperature (Tg) of the powder coatings. Powder coating’s particle size fall in the scope of 30 to 50 μm and a Tg > 40°C. By utilizing powder coatings film fabricate ups of more than 50 μm might be required to acquire an acceptably smooth film. Specialized tasks are there where powder coatings of under 30 µm or with a Tg < 40°C are utilized to produce smooth thin films. Thus producing thin films is difficult to obtain which is anticipated to hamper the powder coatings market share, during the forecast period.


By Resin Analysis

Thermoset Dominated the Global Market in 2018

Based on resin, this market is segmented into thermoplastic and thermoset. The thermoset segment held the major share and is expected to expand at a rapid pace during the forecast period. These are one that melts and flows when the heat is applied and generally require lower curing temperatures than thermoplastics. Thermoset powder coatings are further bifurcated into epoxy-polyester, epoxy, polyester, polyurethane, acrylic, and others. Epoxy polyester sub-segment accounted for the primary share of the thermoset segment. Epoxy polyester has improved resistance to overbake yellowing and improved weather ability than epoxy.

Thermoplastic powder coatings have high impact & chemical resistance, and are highly recyclable but are generally more expensive, and may soften when reheated. These factors are likely to hamper the growth of thermoplastic powder coatings during the forecast period. The thermoplastic resin is segmented into PVC, polyolefin, nylon, and polyvinyl fluoride (PVF).

By Coating Method Analysis

Electrostatic Spray Method is Likely to Aid Dominance of the Segment

In terms of the coating method, the market is segmented into the fluidized bed, electrostatic spray, and others. The electrostatic spray segment constituted the key share of the global powder coatings market and is projected to expand rapidly during the forecast period. The electrostatic spray is the primary technique used for thermoset powder coatings. The particles are given an electrical charge in the powder coating gun. The increasing demand of the thermoset powder coating for various end-use industries is expected to fuel the demand of the electrostatic spray coating method.

The fluidized bed is a powder coating method which is primarily used for the application of thermoplastic powder. Also, the fluidized bed is used for thermoset powders applications where high film build is required.

By Application Analysis

To know how our report can help streamline your business, Speak to Analyst

Increase in the Appliance Industry Shall Foster Market Growth

The appliance segment accounted for the prime share of the powder coatings market. These are majorly used for the air conditioners & water heaters, clothes washer tops & lids, dishwasher doors & racks, dryer drums, floor cleaners, freezer liners, racks & cabinets, microwave ovens, mixers & blenders, and others. They are usually used for applications such as appliance that requires a combination of appearance and resistance to abrasion, chemicals, and temperature cycling. They improve the esthetic appeal and offer resistance to abrasion, chemicals, and temperature cycling. Appliances require durable finishes to protect against the damages of everyday use thus powder coating is mostly used due to it provides a thick coat. Powder coatings can handle a great deal of temperature cycling without wearing off or flaking, therefore, it is commonly found on the oven, microwave, and refrigerator panels and components.


North America Powder Coatings Market Size, 2018 (USD Billion)

To get more information on the regional analysis of this market, Request a Free sample

The powder coatings market size in Asia Pacific stood at USD 4.21 billion in 2018.  In the Asia Pacific, the market is expanding at a rapid pace due to the stable economy in the region owing to an increase in disposable income, and improving standards of living in China, Japan, Singapore, Malaysia, and Vietnam. The growth of the automotive and electronics industries in Thailand, China, India, Taiwan, and South Korea is expected to drive the regional market. In North America rise in environmental concerns and growing awareness regarding the harmful effects of solvent-based coatings is expected to fuel the growth in the region. Europe also held a significant share of the global powder coating market owing to the growing automotive industry. In Latin America due to the growing automotive sector, inflation reduction, low lending rates, and economic growth are the key attributed boosting the regional industry growth.


Diverse Portfolio and Core Focus of AkzoNobel N.V., to Propel the Company to a Leading Position

The market share is fragmented with the top five major manufactures operating in the market are PPG Industries, Inc., AkzoNobel N.V., BASF SE, DuPont, and Jotun. Key players are focusing on the expansion of their product portfolio to include innovative products.

Other players include Axalta Coating Systems, Kansai Nerolac Paints Limited, The Sherwin-Williams Company, and Nippon Paint Holdings Co., Ltd. These companies are involved in merger & acquisition, product development, product expansion to expand their company share in the market.


  • AkzoNobel N.V.

  • PPG Industries, Inc.


  • Jotun

  • The Sherwin-Williams Company

  • Asian Paints Ltd.

  • Kansai Nerolac Paints Limited

  • TCI Powder

  • Berger Paints India Limited

  • Axalta Coating Systems, LLC

  • Other Key Players


  • In April 2020, Sherwin-Williams launched Echelon. Echelon, a hyper-durable metal construction product range from Sherwin-Williams, provides outstanding UV and weathering protection. Echelon powder coatings, which are part of the Syntha Pulvin powder coatings line, provide great long-term aesthetics, need minimum maintenance, and are easy to clean. The new Echelon product range is designed to fulfill AAMA 2605 performance requirements and has undergone extensive Florida exposure testing.

  • In June 2020, Axalta introduced a new line of industrial powder coatings in Mexico. The Alesta BE+ from Axalta is the most recent industrial product to be launched in Mexico. Alesta BE+ bakes at lower temperatures and has shorter cure cycles, resulting in decreased energy usage and time and money savings for consumers. It produces no VOCs, takes less time to cure, and uses less energy, resulting in increased productivity and cheaper manufacturing costs for clients.

  • In December 2021, With the launch of a brand new powder coating company, WEC Group Ltd continues to grow. WEC Powder Coating is a new business of WEC Group Ltd that provides countrywide subcontract powder coating services. The firm was established to help us achieve our goal of being a real one-stop shop. Fabrication, laser and waterjet cutting, CNC machining, and sheet metalwork are just a few of the engineering services we provide.

  • In August 2020, Jindal Aluminum Ltd (JAL) announced that it would begin delivering powder coating services on August 10 to complement its architectural and industrial product lines. The business expects to have a coating capacity of up to 25 MT per day and a 95 percent plant availability. The one-of-a-kind, environmentally safe powder coating technique can achieve a degree of precision of 1/1000 mm.

  • In May 2020, The addition of antimicrobial characteristics to AkzoNobel's Interpon D1000 and 2000 line of architectural powder coatings has been accelerated due to increased demand for solutions that help enhance hygiene. Building interiors may now be provided additional protection against microorganisms such as bacteria and mold, which can create difficulties such as unpleasant odors, stains, or material deterioration, thanks to the added functionality afforded by the incorporation of BioCote antimicrobial technology.


The powder coatings market report provides a detailed analysis of the market and focuses on key aspects such as leading companies, resin types, coating method, and leading applications of the product.

Besides this, the report offers insights into the market growth trends and highlights key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the powder coatings market growth over recent years.

To gain extensive insights into the market, Request for Customization

Report Scope & Segmentation



Study Period


Base Year


Forecast Period


Historical Period



  Value (USD million)


By Resin

  • Thermoset

    • Epoxy Polyester

    • Polyester

    • Epoxy

    • Polyurethane

    • Acrylic

    • Others

  • Thermoplastic

    • Polyvinyl chloride (PVC)

    • Nylon

    • Polyolefin

    • Polyvinyl Fluoride (PVF)

By Coating Method

  • Electrostatic spray

  • Fluidized Bed

  • Others  

By Application

  • Appliance

  • Automotive

  • Architectural

  • Furniture

  • Agriculture, Construction and Earthmoving Equipment

  • General Industries

  • Others

By Geography

  • North America (U.S. and Canada)

  • Europe (U.K., Germany, France, Italy, Spain, and Rest of Europe)

  • Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia- Pacific)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

  • The Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

Frequently Asked Questions

Fortune Business Insights says that the global market size was USD 8.98 billion in 2018 and is projected to reach USD 15 billion by 2026.

Growing at a CAGR of 6.8%, the market will exhibit steady growth in the forecast period (2019-2026).

Thermoset resin type segment is expected to be the leading segment in this market during the forecast period.

Increasing demand for the environmental-friendly powder coatings is fueling the demand for this market.

AkzoNobel N.V. is the leading player in the global market.

Asia Pacific dominated the market share in 2018.

Shift from conventional liquid coatings to powder to fuel the market

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
Powder Coatings Market Size, Share and Global Industry Trend Forecast till 2026
  • Mar, 2020
  • 2018
  • 2015-2017
  • 120


  • $4850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.