Pure Epoxy Powder Coatings Market Size, Share & Industry Analysis, By Type ( Protective Coating, Conductive Coating, Architectural & Decorative Coating ), By Method ( Electrostatic Spray, Fluidized Bed ), By Application ( Industrial Equipment, Automotive Components, Furniture, Home Appliances, Others ) and regional Forecast, 2024-2032

Epoxy coatings are highly resistant to corrosion and chemicals, and acts as excellent metal protector. Epoxy powder coatings are used to coat pipes, pillars, poles and metal sheets used in heavy-duty concrete buildings. It is an emerging technology to aid a decorative and functional finish to a metal sheet. The powder used comprises of a blend of smaller molecules of native pigment that are electrostatically dispersed onto the layer. The powdered particles are polished into a flat coating with a drying oven. The final product is of top quality, robust, stylish and seamless finish.

Epoxy powder coating applications boosts the longevity and aesthetic appeal of metals used in car bodies. The unique combination of thermal, chemical, physical, and mechanical properties makes epoxy powder coatings an ideal functional coating for substrate protection in automotive parts. This in turn is driving the growth of the market. However, Epoxy-based powder coating is not proposed in uncovered, open-air conditions. Exposure to ultraviolet radiation causes chalking and limits the functionality. Also, it affects the aesthetic appeal of the coating. Such factors are restraining the market growth.

Market Segmentation:

Based on type, the market for pure epoxy powder coatings is segmented into protective coating, conductive coating, and architectural & decorative coating. Based on method, the market for pure epoxy powder coatings is segmented into electrostatic spray and fluidized bed. Based on application, the market is further segmented into industrial equipment, automotive components, furniture, home appliances and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Market Driver -

Increase application in automotive parts is driving the market growth.

Key Market Restraint -

Limitations under UV exposures confines the industry growth.

Key Players Covered:

Key players in the pure epoxy powder coatings market includes Nippon Paint Holdings Co., Ltd., Jotun A/S, Solvay S.A., Evonik Industries AG, PPG Industries Inc., Diamond-Vogel, Chugoku Marine Paints, Carpoly Chemical , Group Co., Ltd., BASF SE, Axalta Coating Systems, Akzo Nobel N.V, KCC Corporation and others.

Key Insights

• New Advancements in Production Technologies


• Key Trends in the pure epoxy powder coatings market


• New Product Launches, Expansions, Key Players


• Ranking of Key Players in the Market

Regional Analysis:

Asia-Pacific dominated the pure epoxy powder coatings market in terms of consumption in 2019. It can be attributed to the increasing infrastructural activities in the region. The demand is also growing in the region, with a rise in income levels. Many foreign players are investing in emerging Asian countries, which helps to meet the demand for epoxy powder coatings. North America is seeing a major rise in the market. Epoxy powder coatings are commonly adopted in the automotive industry due to its excellent corrosion resistance and temperature tolerance. Thus boosting up the market growth. Due to the enormous automotive manufacturing base in Europe, the demand for pure epoxy powder coatings has risen. Germany was the leading car maker, with nearly 5.6 million cars built in 2018. The involvement of leading manufacturers and the rise in expenditures in the automotive sector has boosted the demand for pure epoxy powder coatings in the region.

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Segmentation 

Pure Epoxy Powder Coatings Industry Developments 

• In July 2019, Akzo Nobel, a leading chemical company based in Netherlands extended three new product offerings to its powder coating plant in China . The expenditure for additional supplies of acrylic powder coatings, powder primers, and metallic powder coatings for the automotive industry was USD 3.3 million. This new launch was the strategic decision to improve company’s capacity to supply locally manufactured premium products.