Global Powder Coatings Market Outlook, 2028

In a world where aesthetics meet durability, the global powder coating industry stands at the forefront of innovative surface finishing solutions. With its transformative capabilities and unrivalled performance, powder coating has revolutionised the way people perceive and protect their surroundings. This dynamic industry encompasses a spectrum of possibilities, seamlessly blending artistry and functionality. Powder coating entails the electrostatic application of finely ground dry particles onto diverse surfaces, which are then cured to form a resilient and flawless finish. Beyond its visual appeal, powder coating offers a multitude of advantages that have propelled its popularity across various sectors. With remarkable resistance to corrosion, scratches, and fading, powder-coated surfaces remain vibrant and intact, even in the face of harsh environmental conditions. Moreover, the absence of solvents in powder coatings ensures an environmentally friendly choice, free from volatile organic compounds and hazardous emissions. This sustainable approach has garnered attention from industries such as automotive, architecture, appliances, furniture, and beyond, where the demand for durable and visually striking finishes continues to rise. The global powder coating industry epitomises innovation, versatility, and an unwavering commitment to excellence. As technology advances and new formulations emerge, the possibilities are endless, driving the industry towards new frontiers of creativity and performance. From enhancing the durability of everyday objects to shaping the architectural landscape, powder coating has redefined the boundaries of surface finishing, promising a future where aesthetics and functionality coexist harmoniously. Sustainability is a key driver in the powder coating market. Consumers and industries are increasingly seeking environmentally friendly alternatives to traditional solvent-based coatings. Powder coatings, with their low VOC emissions, reduced waste generation, and absence of hazardous chemicals, are gaining traction as a sustainable coating option. Powder coatings are finding applications in diverse sectors beyond traditional industries. The automotive, architectural, aerospace, furniture, and electronics sectors are increasingly adopting powder coatings due to their durability, enhanced aesthetics, and cost-effectiveness. Additionally, emerging sectors such as renewable energy, healthcare, and industrial equipment are also embracing powder coatings. The powder coating market is witnessing industry consolidation and strategic collaborations among manufacturers. Companies are focusing on mergers and acquisitions, joint ventures, and partnerships to expand their market reach, access new technologies, and strengthen their product portfolios. Such collaborations are expected to drive innovation and competitiveness in the industry. According to the research report, "Global Powder Coating Market Outlook, 2028," published by Bonafide Research, the market is anticipated to cross USD 20.90 Billion in size by 2028, increasing from USD 14.35 Billion in 2022. The market is projected to grow at a 6.59% CAGR by 2023–28. There is a growing trend towards sustainable and environmentally friendly coating solutions. Powder coatings, with their low VOC emissions, elimination of hazardous substances, and recyclability, are gaining popularity as a sustainable alternative to conventional liquid coatings. The emphasis on environmental consciousness and green initiatives is driving the adoption of powder coatings globally. Furthermore, there is a rising demand for customised and unique finishes in various industries. Powder coatings offer a wide range of colour options, textures, and special effects such as metallic finishes, hammertones, and textures. This trend caters to the desire for personalised and aesthetically appealing coatings that enhance the visual appeal of products and surfaces. Powder coating is commonly used in the automotive industry for coating parts and components such as wheels, chassis, frames, bumpers, grilles, and engine components. It provides excellent durability, corrosion resistance, and an attractive finish. Furthermore, powder coating is widely used in architectural applications, including aluminium profiles, doors, windows, curtain walls, facades, and balustrades. It offers a durable and weather-resistant coating that enhances the aesthetics of buildings and provides long-lasting protection. As well, powder coating is widely used in architectural applications, including aluminium profiles, doors, windows, curtain walls, facades, and balustrades. It offers a durable and weather-resistant coating that enhances the aesthetics of buildings and provides long-lasting protection.

Based on the resin type segment, which includes thermoset and thermoplastic, thermoset is further divided by polyester, hybrid, epoxy, polyurethane, acrylic, and others. Thermoset is playing a crucial role in the powder coating market. Because they can create a durable and beautiful top layer, thermoset materials are used in the majority of powder coating operations. The molecular weight of most thermoset granules is lower than that of thermoplastic polymers but higher than that of liquid coatings. When heated, thermosets melt, flow, and crosslink with one another or other reactive substances to form compounds with higher molecular weights. After hardening, a thermoset coating becomes thermally solid, which means it cannot be converted back to a liquid by further heating. In a powder coating device, the more brittle thermoset resins can be broken down into a very fine powder, which can subsequently be formed into an incredibly thin, paint-like layer. This layer has molecular and physical characteristics similar to liquid-based coatings. Furthermore, advances in thermoset technology have constantly increased this material group's flexibility, allowing for more customization choices. Many common thermoset materials can now be chemically altered to provide the desired properties for a particular purpose. Based on coating methods, segment types include electrostatic spray coating, fluidized bed coating, and others. At a global level, electrostatic spray coating plays a very important role for the coating industry. The electrostatic spray coating method ensures highly efficient and precise application of coatings, making it a preferred choice for achieving uniform and flawless finishes. By electrically charging the coating particles, they are attracted to the grounded surface with remarkable accuracy, resulting in an even and controlled coating thickness. This exceptional control guarantees consistent coverage, minimises material wastage, and optimises the utilisation of coating resources. Moreover, the electrostatic spray coating method boasts exceptional transfer efficiency, which is a measure of how effectively the coating material reaches the target surface. By harnessing the power of electrostatic attraction, the charged particles are irresistibly drawn to the surface, significantly reducing overspray and minimising material loss. This not only leads to substantial cost savings but also reduces the environmental impact by minimising the release of volatile organic compounds (VOCs) and other hazardous air pollutants. Based on the end-use industry, this includes appliances, automotive, general industrial, architectural, furniture, and others. Generally, the appliance segment uses powder coating. Powder coating is widely used in the manufacturing of kitchen appliances such as refrigerators, ovens, stoves, microwaves, dishwashers, and range hoods. The powder coating provides a durable and attractive finish that is resistant to scratches, stains, and heat. Furthermore, powder coating is utilised in laundry appliances like washing machines, dryers, and ironing boards. The coating enhances the appearance of these appliances while providing protection against corrosion, chemicals, and wear. Powder coating finds application in medical and laboratory equipment such as diagnostic devices, hospital beds, laboratory cabinets, and specialised medical equipment. The coating provides a smooth and clean surface that is resistant to chemicals, bacteria, and other contaminants. New technologies have emerged to enhance the efficiency and precision of powder coating applications. For example, advanced electrostatic spray guns with improved charging systems and control features allow for more precise and uniform coating application, reducing material waste and improving overall quality. Traditional powder coating processes require high curing temperatures, limiting their application to heat-sensitive substrates. However, advancements in low-temperature curing powder coatings have enabled the coating of substrates such as wood, plastics, and composites without causing damage or deformation. This expands the potential applications of powder coating in industries where heat-sensitive materials are used. Considered in this report • Geography: Global • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report

• Global Powder Coatings market with its value and forecast along with its segments • Region-wise Powder Coatings market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Regions & Countries covered in the report: • North America • Europe • Asia-Pacific • South America • Middle East & Africa By Resin Type • Thermoset • Thermoplastic • Others By Coating Methods • Electrostatic Spray Coating • Fluidized Bed Coating • Others By End- Use Industry • Appliances • Automotive • General Industrial • Architectural • Furniture • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Powder Coatings industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.