According to Arizton’s latest research report, the powder coatings market is growing at a CAGR of 5.46% during 2024-2030.
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Report Scope:
Market Size (2030): $20.87 Billion
Market Size (2024): $15.17 Billion
CAGR (2024-2030): 5.46%
Historic Year: 2021-2023
Base Year: 2024
Forecast Year: 2025-2030
Market Segmentation: Resin Type, End-User, and Geography
Geographical Analysis: North America, Europe, APAC, Latin America, and Middle East & Africa
Market Overview
The global powder coatings market is rapidly growing, fueled by industrialization, urbanization, and the demand for eco-friendly solutions. Powder coatings are preferred for their ability to eliminate VOC emissions, reduce waste, and offer sustainability. Technological advancements, such as increased durability and resistance to UV, scratches, and chemicals, are driving innovation in the market. Companies like AkzoNobel and PPG Industries are leading these innovations, opening new opportunities in automotive, architectural, and consumer goods sectors.
Sustainability is a key focus, with manufacturers investing in energy-efficient technologies, such as Sherwin-Williams’ Powdura product line, designed to meet both environmental and performance standards. The automotive industry, especially electric vehicles, continues to be a major growth driver. Consumer goods companies like Whirlpool and IKEA are adopting powder coatings to enhance product finishes and energy efficiency.
Emerging markets in APAC, Latin America, and Africa are also contributing to the market’s growth, with localized production facilities meeting the rising demand in these regions.
PPG Coraflon Platinum: Setting New Standards in the Powder Coating Market
The demand for powder coatings is rising due to their time-saving, energy-efficient, and environmentally friendly benefits. Unlike traditional liquid coatings, powder coatings require only one coat, reducing processing time and eliminating extended drying. They also use less energy during curing, lowering costs for high-volume manufacturers. Powder coatings are highly recyclable, with up to 95% utilization, minimizing waste and material costs. Products like PPG Coraflon Platinum demonstrate improved durability, corrosion resistance, and low VOC emissions, making powder coatings a preferred, sustainable choice for industries like automotive, architecture, and manufacturing, offering both efficiency and eco-friendly performance.
Strategic Mergers and Acquisitions Shaping the Powder Coatings Market
Mergers and acquisitions (M&A) in the powder coatings industry are becoming increasingly common as companies seek to expand their market presence, reduce operational costs, and acquire advanced technologies. These strategic moves allow companies to strengthen product lines, improve global presence, and remain competitive. Notable M&A activities include CIN’s acquisition of Hempel Industrial B.V. to enhance its industrial coatings portfolio, Rodda Paint’s acquisition of Miller Paint Company to complement its powder coatings offerings, and American Industrial Partners acquiring PPG’s architectural coatings business to focus on innovation.
Other significant acquisitions include Sudarshan Chemical’s purchase of Heubach Group, Axalta Coating Systems’ acquisition of CoverFlexx Group, and KANSAI HELIOS acquiring WEILBURGER Coatings to improve their powder coatings capabilities in specialized applications. These strategic moves reflect industry’s focus on eco-friendly, energy-efficient coatings and technological advancements, responding to rising demand for sustainable and high-performance solutions. The growing trend of M&A in the powder coatings sector highlights a dynamic, evolving market shaped by sustainability and innovation.
Recent Developments in the Global Powder Coatings Market
Key Company Profiles
Market Segmentation
Resin Type
End-User
Geography
APAC
North America
Europe
Middle East & Africa
Latin America
The Arizton Advisory & Intelligence market research report provides valuable market insights for industry stakeholders, investors, researchers, consultants, and business strategists aiming to gain a thorough understanding of the powder coatings market. Request for Free Sample to get a glance of the report now: https://www.arizton.com/market-reports/powder-coatings-market
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What Key Findings Will Our Research Analysis Reveal?
What is the growth rate of the global powder coatings market?
How big is the global powder coatings market?
Which region dominates the global powder coatings market share?
What are the significant trends in the powder coatings market?
Who are the key players in the global powder coatings market?
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