In terms of product, Thermoset Powder Coating is the largest segment, with a share about 75%.
Asia-Pacific is the largest consumer market for Powder Coatings, accounting for about 75%, followed by Europe and North America. The top five Powder Coatings manufactures account for approximately 24% of the total global market. The main global Powder Coatings manufactures include Akzonobel, Sherwin-Williams, PPG Industries, Axalta Coating Systems, Arsonsisi, etc. Global top five Powder Coatings companies in 2022 (%).This report contains market size and forecasts of Powder Coatings in global, including the following market information: This report aims to provide a comprehensive presentation of the global market for Powder Coatings, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Powder Coatings. It is usually used to create a hard finish that is tougher than conventional paint. The powder may be a thermoplastic or a thermoset polymer. The coating is applied electrostatically and is then cured under heat to allow it to flow and form a “skin”. The main difference between a conventional liquid paint and a powder coating is that the powder coating does not require a solvent to keep the binder and filler parts in a liquid suspension form. Powder coating is a type of coating that is applied as a free-flowing, dry powder. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The global Powder Coatings market was valued at US$ 11860 million in 2022 and is projected to reach US$ 17760 million by 2029, at a CAGR of 5.9% during the forecast period.
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