Powder Coatings Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029

Published on : Feb-2020 | List of Tables : 81 | List of Figures : 154 | No. of Pages : 170 | Report Code : FACT4540MR | Format :

Powder Coatings Market to Grow Two-folds by 2029

Global Powder Coatings Market will grow at a robust growth rate of over 7% between 2019 and 2029 owing to superior properties such as high resistance to abrasion, chipping, and corrosion coupled with efficiency in cost, processing time, and durability. Powder coating is versatile in nature. It is effectively used in consumer goods such as automobiles, refrigerators, water-heaters, dishwashers, microwaves, and industrial machinery used in manufacturing. Growing demand on the back of increasing purchasing power of consumers in developing economies is cited as the main factor influencing the growth of the powder coatings market during the forecast period.

powder coatings market growth potential by application

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Epoxy Resin Holds Majority Market Share

Powder coatings manufactured from epoxy resin are garnering increasing consumer traction owing to enhanced protection that this type of powder coating offers against repeated mechanical stress, weather, and wear & tear associated with typical product lifecycles. Epoxy resin based powder coating holds over 30% of the market share, followed by polyester resins which account for more than 1/4th of the market. Surging preference for high-quality finish and durability of coatings in products will create remunerative growth opportunities for acrylic and resin based powder coating. Acrylic resin is expected to grow at a stellar CAGR of more than 8% through 2029.

Europe Leads amid Mushrooming Automotive Manufacturing

Europe exhibits a stronghold in global powder coatings market with 30% of the total market value. Accelerating automotive production in Europe aids this majority market share. North America and East Asia follow the European region with a collective market share of more than 47%. Lucrative growth opportunities can be identified in East Asia which will grow at a meteoric CAGR during the forecast period. Developing East-Asian economies such as India, and China are witnessing an increase in income levels which further thrusts the demand for powder coated products in this region.

powder coatings market regional analysis

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Innovation Shapes Competitive Landscape

World Health Organization partnered with the United Nations Environment Program to establish a Global Alliance to eliminate lead paint, a cooperative initiative that aims to eliminate the presence of lead painted products in over 70 countries by 2050. Initiative such as these have made it crucial for market players to invest in research and development of powder coatings. Manufacturers are introducing innovative products and leveraging automation technologies to forge strategic partnerships with demanding clients.

These factors shape a competitive market for powder coating manufacturers globally. For instance, MixitTM, a cloud-based color retrieval application by Akzo Nobel N.V. offers clients access to over 2 Mn color formulas with accuracy and efficiency offered by their innovative handheld spectrophotometer Automatchic™. As a result in February 2020, Akzo Nobel N.V. announced strategic partnerships with BMW and McLaren, prominent automotive manufacturers for their coating needs. Major players in the powder coatings market are Akzo Nobel N.V., PPG Industries, Inc., BASF SE, Eastman Chemical Company, Nippon Paint Holdings Co., Ltd., Bayer AG (Covestro AG), Eisenmann, Evonik Industries AG, and Sherwin-Williams.

Global Powder Coatings Market – Scope of the Report

The following report provides forecast and analysis of the global powder coatings market along with the historical data of 2014, estimated data 2019 and forecast data up to 2029 in terms of value (US$ Mn) and volume (Tons), according to a Fact.MR study. The research propounds critical trends that are currently influencing growth within the global powder coatings market along with several macro-economic indicators. This newly published and insightful report on powder coatings sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global powder coatings market.

The report also comprises the study of current issues with end users and opportunities for powder coatings. It also contains value chain analysis, including the key market participants. To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews. The dashboard included in the report provides a detailed comparison of powder coatings manufacturers on parameters such as total revenue, product offerings, and key strategies. A list of key companies operating in the powder coatings market provided in the report adds to the credibility of this exhaustive research study.

Global Powder Coatings Market: In-Depth Assessment on Key Segments

The global powder coatings market is segmented on the basis of resins, application and region.

Resins

Application

Region

Epoxy

Consumer Goods

North America

Polyester

Architectural

Latin America

Epoxy-Polyester (Hybrid)

Automotive

Europe

Acrylic

General Industries

East Asia

Polyurethane

Furniture

South Asia & Oceania

Others

Others

Middle East & Africa

This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.                    

Country-specific assessment on demand for powder coatings has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous powder coatings manufacturers, experts, and suppliers. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.

The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries. The market has been forecasted based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global powder coatings market. Some of the major competitors operating in the powder coatings market are Akzo Nobel N.V., PPG Industries, Inc., BASF SE, Eastman Chemical Company, Sherwin-Williams and others.

Global Powder Coatings Market: Research Methodology

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research. The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the powder coatings market.

A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of the powder coatings market, which includes global GDP growth rate, various industries growth rate, such as chemical & materials, coatings & adhesives, furniture and others. This report serves as an authentic resource of intelligence on the powder coatings market, enabling the readers to take fact-based decisions on the future direction of their businesses.

1. Global Powder Coatings Market - Executive Summary

    1.1. Summary of Key Findings

    1.2. Summary of Key Statistics

    1.3. Key Market Characteristics & Attributes

    1.4. Opportunity Assessment

    1.5. Fact.MR Analysis and Recommendations

2. Global Powder Coatings Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market 

    3.2. Mega Trends

4. Key Success Factors

    4.1. Product Adoption / Awareness Analysis 

    4.2. Product Features Vs. Resins 

    4.3. Matrix Strategic Promotional Strategies, By Key Manufacturers

5. Market Background 

    5.1. Global Coatings Market Production Scenario

    5.2. Global Paints & Coatings Market Overview

        5.2.1. By Region 

        5.2.2. By Key Countries

    5.3. Global Chemical Industry Outlook

    5.4. Global Construction Industry Snapshot

    5.5. Construction Spending Overview

        5.5.1. By Region

        5.5.2. By Sector

    5.6. Regulatory Scenario

    5.7. Global Furniture Market Overview

        5.7.1. Global Furniture Market Analysis (US$ Mn), 2018

        5.7.2. Global Furniture Market Footprint, By Region

        5.7.3. World Furniture Production, By Top 10 Countries

        5.7.4. Global Furniture Demand, By Furniture Type

            5.7.4.1. Outdoor Furniture

            5.7.4.2. Home Furniture

            5.7.4.3. Office Furniture

            5.7.4.4. Playroom Furniture

    5.8. Global Automotive Industry outlook

        5.8.1. Key statistics pertaining to global automotive production and sales

        5.8.2. Key Trends – Automotive manufacturing

        5.8.3. Analysis on automotive materials

        5.8.4. Percent share of Automotive Materials of Construction, 2018

        5.8.5. Automotive Production Outlook

            5.8.5.1. By Region

            5.8.5.2. By Key countries 

    5.9. Voice of Customers (Decision Purchase Attribute, by Region)

        5.9.1. By Brand

        5.9.2. By Price

        5.9.3. By Variety & Quality

    5.10. STP Analysis and Go to Market Strategy

    5.11. Investment Feasibility Matrix (for Powder Coatings Business)

    5.12. Recent Industry Developments 

    5.13. Market White Space Assessment and Opportunity Analysis

    5.14. Porter’s Five Forces Analysis

    5.15. Macro-Economic Factors

        5.15.1. GDP Growth Outlook

        5.15.2. Global GDP Analysis by Region

        5.15.3. Urbanization Level and Growth Across Key Countries

        5.15.4. Industry Value Added Outlook

        5.15.5. Others

    5.16. Value Chain Analysis

        5.16.1. List of Key Market Manufacturers 

        5.16.2. List of Key Channel Partners 

        5.16.3. Profitability Margins 

    5.17. Market Dynamics 

        5.17.1. Drivers 

        5.17.2. Industry Challenges

        5.17.3. Opportunities

6. Global Powder Coatings Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, 2014-2029

    6.1. Historical Market Value (US$ Mn) & Volume (Tons) Analysis, 2014-2018

    6.2. Current and Future Market Value (US$ Mn) & Volume (Tons) Forecast, 2019-2029

    6.3. Y-o-Y Growth Trend Analysis

7. Global Powder Coatings Pricing Point Analysis

    7.1. Global Powder Coatings Market Pricing Analysis, by Region

    7.2. Global Powder Coatings Market Pricing Analysis, by Resins

    7.3. Pricing Evolution till 2029

    7.4. Factors Influencing Pricing

8. Global Powder Coatings Market Value & Volume Analysis and Forecast 2014-2029

    8.1. Global Powder Coatings Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Resins

        8.1.1. Epoxy

        8.1.2. Polyester

        8.1.3. Epoxy-Polyester (Hybrid)

        8.1.4. Acrylic

        8.1.5. Polyurethane

        8.1.6. Others

    8.2. Global Powder Coatings Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Application

        8.2.1. Consumer Goods

        8.2.2. Architectural

        8.2.3. Automotive

        8.2.4. General Industries

        8.2.5. Furniture

        8.2.6. Others

    8.3. Global Powder Coatings Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Region

        8.3.1. North America

        8.3.2. Latin America

        8.3.3. Europe

        8.3.4. East Asia

        8.3.5. South Asia & Oceania

        8.3.6. MEA

9. North America Powder Coatings Market Value & Volume Analysis and Forecast 2014-2029

    9.1. North America Powder Coatings Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Country

        9.1.1. US

        9.1.2. Canada

    9.2. North America Powder Coatings Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Resins

        9.2.1. Epoxy

        9.2.2. Polyester

        9.2.3. Epoxy-Polyester (Hybrid)

        9.2.4. Acrylic

        9.2.5. Polyurethane

        9.2.6. Others

    9.3. North America Powder Coatings Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Application

        9.3.1. Consumer Goods

        9.3.2. Architectural

        9.3.3. Automotive

        9.3.4. General Industries

        9.3.5. Furniture

        9.3.6. Others

10. Latin America Powder Coatings Market Value & Volume Analysis and Forecast 2014-2029

    10.1. Latin America Powder Coatings Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Country

        10.1.1. Brazil

        10.1.2. Mexico

        10.1.3. Rest of Latin America

    10.2. Latin America Powder Coatings Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Resins

        10.2.1. Epoxy

        10.2.2. Polyester

        10.2.3. Epoxy-Polyester (Hybrid)

        10.2.4. Acrylic

        10.2.5. Polyurethane

        10.2.6. Others

    10.3. Latin America Powder Coatings Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Application

        10.3.1. Consumer Goods

        10.3.2. Architectural

        10.3.3. Automotive

        10.3.4. General Industries

        10.3.5. Furniture

        10.3.6. Others

11. Europe Powder Coatings Market Value & Volume Analysis and Forecast 2014-2029

    11.1. Europe Powder Coatings Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Country

        11.1.1. Germany

        11.1.2. Italy

        11.1.3. France

        11.1.4. U.K.

        11.1.5. Spain

        11.1.6. BENELUX

        11.1.7. Russia

        11.1.8. Rest of Europe

    11.2. Europe Powder Coatings Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Resins

        11.2.1. Epoxy

        11.2.2. Polyester

        11.2.3. Epoxy-Polyester (Hybrid)

        11.2.4. Acrylic

        11.2.5. Polyurethane

        11.2.6. Others

    11.3. Europe Powder Coatings Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Application

        11.3.1. Consumer Goods

        11.3.2. Architectural

        11.3.3. Automotive

        11.3.4. General Industries

        11.3.5. Furniture

        11.3.6. Others

12. East Asia Powder Coatings Market Value & Volume Analysis and Forecast 2014-2029

    12.1. East Asia Powder Coatings Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Country

        12.1.1. China

        12.1.2. Japan

        12.1.3. South Korea

    12.2. East Asia Powder Coatings Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Resins

        12.2.1. Epoxy

        12.2.2. Polyester

        12.2.3. Epoxy-Polyester (Hybrid)

        12.2.4. Acrylic

        12.2.5. Polyurethane

        12.2.6. Others

    12.3. East Asia Powder Coatings Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Application

        12.3.1. Consumer Goods

        12.3.2. Architectural

        12.3.3. Automotive

        12.3.4. General Industries

        12.3.5. Furniture

        12.3.6. Others

13. South Asia & Oceania Powder Coatings Market Value & Volume Analysis and Forecast 2014-2029

    13.1. South Asia & Oceania Powder Coatings Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Country

        13.1.1. India

        13.1.2. Thailand

        13.1.3. Indonesia

        13.1.4. Malaysia

        13.1.5. Australia & New Zealand

        13.1.6. Rest of SAO

    13.2. South Asia & Oceania Powder Coatings Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Resins

        13.2.1. Epoxy

        13.2.2. Polyester

        13.2.3. Epoxy-Polyester (Hybrid)

        13.2.4. Acrylic

        13.2.5. Polyurethane

        13.2.6. Others

    13.3. South Asia & Oceania Powder Coatings Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Application

        13.3.1. Consumer Goods

        13.3.2. Architectural

        13.3.3. Automotive

        13.3.4. General Industries

        13.3.5. Furniture

        13.3.6. Others

14. Middle East & Africa Powder Coatings Market Value & Volume Analysis and Forecast 2014-2029

    14.1. Middle East & Africa Powder Coatings Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Country

        14.1.1. GCC Countries

        14.1.2. Turkey

        14.1.3. South Africa

        14.1.4. Northern Africa

        14.1.5. Rest of MEA

    14.2. Middle East & Africa Powder Coatings Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Resins

        14.2.1. Epoxy

        14.2.2. Polyester

        14.2.3. Epoxy-Polyester (Hybrid)

        14.2.4. Acrylic

        14.2.5. Polyurethane

        14.2.6. Others

    14.3. Middle East & Africa Powder Coatings Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Application

        14.3.1. Consumer Goods

        14.3.2. Architectural

        14.3.3. Automotive

        14.3.4. General Industries

        14.3.5. Furniture

        14.3.6. Others

15. Global Powder Coatings Market –Emerging Countries Analysis

    15.1. Market Proportion Analysis, By Key Countries

    15.2. Global Vs. Country Growth Comparison

    15.3. China Market Value & Volume Analysis and Forecast

        15.3.1. China Powder Coatings Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Resins

            15.3.1.1. Epoxy

            15.3.1.2. Polyester

            15.3.1.3. Epoxy-Polyester (Hybrid)

            15.3.1.4. Acrylic

            15.3.1.5. Polyurethane

            15.3.1.6. Others

        15.3.2. China Powder Coatings Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Application

            15.3.2.1. Consumer Goods

            15.3.2.2. Architectural

            15.3.2.3. Automotive

            15.3.2.4. General Industries

            15.3.2.5. Furniture

            15.3.2.6. Others

    15.4. India Market Value & Volume Analysis and Forecast

        15.4.1. India Powder Coatings Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Resins

            15.4.1.1. Epoxy

            15.4.1.2. Polyester

            15.4.1.3. Epoxy-Polyester (Hybrid)

            15.4.1.4. Acrylic

            15.4.1.5. Polyurethane

            15.4.1.6. Others

        15.4.2. India Powder Coatings Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Application

            15.4.2.1. Consumer Goods

            15.4.2.2. Architectural

            15.4.2.3. Automotive

            15.4.2.4. General Industries

            15.4.2.5. Furniture

            15.4.2.6. Others

    15.5. Mexico Market Value & Volume Analysis and Forecast

        15.5.1. Mexico Powder Coatings Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Resins

            15.5.1.1. Epoxy

            15.5.1.2. Polyester

            15.5.1.3. Epoxy-Polyester (Hybrid)

            15.5.1.4. Acrylic

            15.5.1.5. Polyurethane

            15.5.1.6. Others

        15.5.2. Mexico Powder Coatings Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Application

            15.5.2.1. Consumer Goods

            15.5.2.2. Architectural

            15.5.2.3. Automotive

            15.5.2.4. General Industries

            15.5.2.5. Furniture

            15.5.2.6. Others

16. Competitive Assessment

    16.1. Global Powder Coatings Market Structure

    16.2. Global Powder Coatings Market Competition - a Dashboard View

    16.3. Global Powder Coatings Market Company Share Analysis

    16.4. Global Powder Coatings Competitor Market Footprint Matrix

    16.5. Key Participants Market Presence (Intensity Mapping) by Region

17. Company Profiles

    17.1. BASF SE

        17.1.1. Overview

        17.1.2. Product Portfolio

        17.1.3. Profitability by Market Segments (Product/Region)

        17.1.4. Sales Footprint

        17.1.5. Strategy Overview 

    17.2. Akzo Nobel N.V.

        17.2.1. Overview

        17.2.2. Product Portfolio

        17.2.3. Profitability by Market Segments (Product/Region)

        17.2.4. Sales Footprint

        17.2.5. Strategy Overview 

    17.3. PPG Industries, Inc.

        17.3.1. Overview

        17.3.2. Product Portfolio

        17.3.3. Profitability by Market Segments (Product/Region)

        17.3.4. Sales Footprint

        17.3.5. Strategy Overview 

    17.4. Eastman Chemical Company

        17.4.1. Overview

        17.4.2. Product Portfolio

        17.4.3. Profitability by Market Segments (Product/Region)

        17.4.4. Sales Footprint

        17.4.5. Strategy Overview 

    17.5. Sherwin-Williams

        17.5.1. Overview

        17.5.2. Product Portfolio

        17.5.3. Profitability by Market Segments (Product/Region)

        17.5.4. Sales Footprint

        17.5.5. Strategy Overview 

    17.6. Axalta Coating Systems

        17.6.1. Overview

        17.6.2. Product Portfolio

        17.6.3. Profitability by Market Segments (Product/Region)

        17.6.4. Sales Footprint

        17.6.5. Strategy Overview 

    17.7. Kansai Paint Co., Ltd.

        17.7.1. Overview

        17.7.2. Product Portfolio

        17.7.3. Profitability by Market Segments (Product/Region)

        17.7.4. Sales Footprint

        17.7.5. Strategy Overview 

    17.8. Nippon Paint Holdings Co., Ltd.

        17.8.1. Overview

        17.8.2. Product Portfolio

        17.8.3. Profitability by Market Segments (Product/Region)

        17.8.4. Sales Footprint

        17.8.5. Strategy Overview 

    17.9. Royal DSM

        17.9.1. Overview

        17.9.2. Product Portfolio

        17.9.3. Profitability by Market Segments (Product/Region)

        17.9.4. Sales Footprint

        17.9.5. Strategy Overview 

    17.10. Bayer AG (Covestro AG)

        17.10.1. Overview

        17.10.2. Product Portfolio

        17.10.3. Profitability by Market Segments (Product/Region)

        17.10.4. Sales Footprint

        17.10.5. Strategy Overview 

    17.11. Ferro Arte de Mexico

        17.11.1. Overview

        17.11.2. Product Portfolio

        17.11.3. Profitability by Market Segments (Product/Region)

        17.11.4. Sales Footprint

        17.11.5. Strategy Overview 

    17.12. Eisenmann

        17.12.1. Overview

        17.12.2. Product Portfolio

        17.12.3. Profitability by Market Segments (Product/Region)

        17.12.4. Sales Footprint

        17.12.5. Strategy Overview 

    17.13. TCI Powder Coatings

        17.13.1. Overview

        17.13.2. Product Portfolio

        17.13.3. Profitability by Market Segments (Product/Region)

        17.13.4. Sales Footprint

        17.13.5. Strategy Overview 

    17.14. Allnex Italy Srl

        17.14.1. Overview

        17.14.2. Product Portfolio

        17.14.3. Profitability by Market Segments (Product/Region)

        17.14.4. Sales Footprint

        17.14.5. Strategy Overview 

    17.15. Evonik Industries AG

        17.15.1. Overview

        17.15.2. Product Portfolio

        17.15.3. Profitability by Market Segments (Product/Region)

        17.15.4. Sales Footprint

        17.15.5. Strategy Overview 

    17.16. IGP Pulvertechnik AG

        17.16.1. Overview

        17.16.2. Product Portfolio

        17.16.3. Profitability by Market Segments (Product/Region)

        17.16.4. Sales Footprint

        17.16.5. Strategy Overview 

    17.17. Jotun A/S

        17.17.1. Overview

        17.17.2. Product Portfolio

        17.17.3. Profitability by Market Segments (Product/Region)

        17.17.4. Sales Footprint

        17.17.5. Strategy Overview 

18. Fact.MR Research Methodology

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