Powder Coatings Market - Forecast(2019 - 2024)

Report Code: CMR 0113 Report Format: PDF + Excel Database
Global Powder Coatings Market: Demand Analysis

As per the World Health Organization, lead paint is a major contributor for lung cancer related deaths in the world. In a 2013 report printed in United Press International, World Health Organization estimated a staggering 600,000 disabilities each year due to lead present in paints. Inadvertently, the need for a more cost-effective, yet environmentally safe method for metal finishing had become the need of the hour. The world has now progressed in this field to using more environment-friendly industrial finishing techniques, with primary one being powder coatings process. The powder coatings market bloomed first in North America in early 1960s, and the products have now transformed into a convenient replacement for traditional industrial finishing methods. 

Very similar to a conventional painting technique, the powder coating method involves usage of a dry powder which is composed of resins and pigments. The powder instantly sticks to a metal component due to the electrostatic charge present in it. According to the North American organization called Powder Coating Institute, 15% of the industrial finishing market uses powder in some form or another. Most companies are now opting for this method instead of any other kind of industrial finishing method on account of its durability, and high quality. Powders used in the process are also available in inexhaustible numbers based on color, and textures. 

A recent IndustryArc report suggests noticeable growth in the powder coatings market size. In the year 2018, the report estimates the global powder coatings market to be worth $10,600 million, and projects the value to increment at a notable CAGR of 6.1% during the forecast period of 2019 to 2025. The analyst of the report highlights that the Asia Pacific region is taking the charge in expanding the market size, and generating more market revenue. 


Powder Coatings Market

Global Scenario Favors Powder Coatings Market Growth

  • An ever-increasing health risk associated with being exposed to paints, especially those which contain lead in them, led World Health Organization partner up with United Nations Environment Programme in order to form a cooperative initiative called Global Alliance to Eliminate Lead Paint. The Alliance has vowed to eliminate complete usage of lead paint in 70 countries by the year 2050, and has been encouraging industries to use powder coatings process actively in their general metal finishing activities.  This factor is expected to be a strong driver of the global powder coatings market growth.
  • Workers working in the painting industries are at an increased risk for cancer, and other diseases that can prove fatal. Operations that involve manual handling like implementing spray paints make painters, and other construction workers prone to inhaling paints, or coming in direct contact via skin. Constant analysis has shown that paints have the power to be present in blood, and urine once they enter inside the human body. Powder coating process on the other hand is extremely environment-friendly as it does not release any Volatile Organic Compounds (VOC) into the atmosphere. The powders used are also free from any hazardous air pollutants. This very fact has helped in accentuating powder coatings market growth. The carbon footprint offered by powder coatings method is almost negligible as compared to paints that contain toxic solvents.
  • The number of ways in which powder coating can one day completely replace painting are umpteen. The durability of wet painting, and plating is quite weak when compared to a dense, long-lasting texture offered by powder coating process. This makes powder coating a winner in everyone’s eyes, and is largely preferred by nearly all metal industries now. This process requires little or no heating as compared to plating which requires heavy usage of an oven. There is no drying time involved in powder coating process either, which again saves on time, manpower, and costs. The Powder Coating Institute also explains how powder coating process requires minimal training, with hardly any product rejects. Governments also do not interfere much in the powder coatings market revenue by imposing any bans or restrictions.

Powder Coatings Market: Global Competitors 

Some of the major competitors in the powder coatings market are AkzoNobel NV, PPG Industries Inc., Jotun Powder Coating, Axalta coating systems LLC, Evonik Industries, Asian Paints Limited, The Sherwin -Williams Company, and Kansai Paints Company Ltd. Most of these companies are innovating in the field of industrial finishing that involves paints, plating, and powder coating. Asian Paints Limited, for example, is a significant player in the Indian industrial finishing market. They have come up with two powder coatings brands titled ‘Apcoshield’ and ‘Hawcoplast’ for the Indian market which are set to influence the environment in a positive manner. PPG Industries Inc. on the other hand is a key player in the global field of industrial finishing. Every year they come up with a Sustainability Report that lists out how their products are impacting the environment, cultivating growth of business, satisfying clients, and engaging communities. This helps in proper market analysis, and improves market outlook.

Powder Coatings Market: Disruptive Trends

Since powder coating method is largely preferred by nearly all the industries, the market is buzzing with disruptive trends, and innovations. One of the most prominent trends is the use of powder coating method in finishing plastic materials. It is a bit of a challenge but the use of adhesive plastics makes the task easier. Another trend that the analyst sees now is the usage of powders made out of renewable resins. These are derived from materials like soybean oil, corn, and sugar. Many companies are also introducing different colors in the powders, ones that haven’t been seen before in order to attract a larger customer base. 

Powder Coatings Market Segments

The global powder coatings market can be segmented into resin type, application, region, and substrate. Based on substrate, the powder coatings market can be divided into metal, and non-metal. The underlying layer defines the kind of powder used for coating. On the basis of application, the powder coatings market can be bifurcated into automotive and transportation, architectural, furniture, consumer goods, etc. On the basis of resin type, the market can be bifurcated into thermoplastic like polyester, polyurethane, polyester-epoxy, and thermoset. Since Asia Pacific region is booming in industries, and manufacturing, it is leading in powder coatings market. According to IndustryArc, the Asia Pacific powder coatings market generated nearly 49% of the global demand in 2018, and its prosperity will remain unmatched by other regions in the near future too. 

The powder coatings market is an imperative solution to lead paints, and the environmental and health risks associated with it. Industries now prefer the use of powder coatings on nearly every product owing to its durability, and the dense coating that it provides. The time isn’t far away when we will see powder coatings market completely take over the industrial finishing market for good.
1. Powder Coatings Market - Overview
1.1. Definitions and Scope
2. Powder Coatings Market - Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography
3. Powder Coatings Market 
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis 
4. Powder Coatings Market – Startup companies Scenario Premium
4.1. Top 10 startup company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Market Shares
4.1.4. Market Size and Application Analysis
4.1.5. Venture Capital and Funding Scenario
5. Powder Coatings Market – Industry Market Entry Scenario Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing business index
5.3. Case studies of successful ventures
5.4. Customer Analysis – Top 10 companies
6. Powder Coatings Market Forces
6.1. Drivers
6.2. Constraints
6.3. Challenges
6.4. Porters five force model
6.4.1. Bargaining power of suppliers
6.4.2. Bargaining powers of customers
6.4.3. Threat of new entrants
6.4.4. Rivalry among existing players
6.4.5. Threat of substitutes 
7. Powder Coatings Market - Strategic analysis
7.1. Value chain analysis
7.2. Opportunities analysis
7.3. Product life cycle
7.4. Suppliers and distributors Market Share
8. Powder Coatings Market – By Resin Type (Market Size -$Million / $Billion)
8.1. Market Size and Market Share Analysis 
8.2. Application Revenue and Trend Research
8.3. Product Segment Analysis
8.3.1. Introduction 
8.3.2. Thermoset
8.3.2.1. Epoxy
8.3.2.2. Polyester
8.3.2.2.1. Pure Polyester (TGIC)  
8.3.2.2.2. Hydroxyl Polyester (TGIC free)  
8.3.2.2.3. Carboxyl polyester
8.3.2.3. Acrylic
8.3.2.4. Fluoropolymer
8.3.2.5. Polyurethanes
8.3.3. Thermoplastic
8.3.3.1. Nylon
8.3.3.2. Polyamide
8.3.3.3. Polyethylene
8.3.3.3.1. Low Density Poly Ethylene (LDPE)
8.3.3.3.2. Linear Low Density Poly Ethylene (LLDPE)
8.3.3.4. Polyvinyl Chloride
8.3.3.5. Polypropylene
9. Powder Coatings Market – By Coating method (Market Size -$Million / $Billion)
9.1. Introduction 
9.2. Fluidized Spray 
9.3. Electrostatic Fluidized Bed 
9.4. Electrostatic Spray
9.4.1. Corona charging
9.4.2. Tribomatic  Static charging 
9.5. Others
10. Powder Coatings Market – By Application (Market Size -$Million / $Billion)
10.1.  Introduction 
10.2.  Automotive
10.2.1. Steering wheels
10.2.2. Bumpers
10.2.3. Mirror frames
10.2.4. Battery trays
10.2.5. Air conditioning components
10.2.6. Engine blocks
10.2.7. Oil filters
10.2.8. Shock absorbers
10.2.9. Seat belt latches
10.2.10. Seat belt mounts
10.2.11. Truck light housings
10.2.12. Truck seat frames
10.2.13. Jack stands
10.2.14. Interior trim parts 
10.2.15. Others
10.3. Architectural
10.4. Furniture
10.5.  Electrical and Electronics
10.5.1. Electrical motor Stators
10.5.2. Electrical motor rotors
10.5.3. Switch boxes
10.5.4. Electric boxes
10.5.5. Transformers
10.5.6. Electric meters
10.5.7. Electric connectors
10.5.8. Computer room floor system
10.5.9. Others
10.6.  General Industrial 
10.6.1. Steel carts
10.6.2. Power tools
10.6.3. Retail store racks 
10.6.4. Refrigerator shelving
10.6.5. Air cleaners
10.6.6. Lighting fixtures
10.6.7. Water pumps
10.6.8. Steel drums
10.6.9. Office partitions
10.6.10. Escalator steps
10.6.11. Others
10.7. Household Appliances & Consumer goods
10.7.1. Kitchen blenders
10.7.2. Kitchen mixers
10.7.3. Pens
10.7.4. Vacuum cleaners
10.7.5. Water heaters
10.7.6. Bunk beds
10.7.7. Floor polishers
10.7.8. Cigarette lighters
10.7.9. Desk lamps
10.7.10. Others
10.8.  Others
11. Powder Coatings - By Geography (Market Size -$Million / $Billion)
11.1. Powder Coatings Market - North America Segment Research
11.2. North America Market Research (Million / $Billion)
11.2.1. Segment type Size and Market Size Analysis 
11.2.2. Revenue and Trends
11.2.3. Application Revenue and Trends by type of Application
11.2.4. Company Revenue and Product Analysis
11.2.5. North America Product type and Application Market Size
11.2.5.1. U.S.
11.2.5.2. Canada 
11.2.5.3. Mexico 
11.2.5.4. Rest of North America
11.3. Powder Coatings - South America Segment Research
11.4. South America Market Research (Market Size -$Million / $Billion)
11.4.1. Segment type Size and Market Size Analysis 
11.4.2. Revenue and Trends
11.4.3. Application Revenue and Trends by type of Application
11.4.4. Company Revenue and Product Analysis
11.4.5. South America Product type and Application Market Size
11.4.5.1. Brazil  
11.4.5.2. Venezuela
11.4.5.3. Argentina
11.4.5.4. Ecuador
11.4.5.5. Peru
11.4.5.6. Colombia 
11.4.5.7. Costa Rica
11.4.5.8. Rest of South America
11.5. Powder Coatings - Europe Segment Research
11.6. Europe Market Research (Market Size -$Million / $Billion)
11.6.1. Segment type Size and Market Size Analysis 
11.6.2. Revenue and Trends
11.6.3. Application Revenue and Trends by type of Application
11.6.4. Company Revenue and Product Analysis
11.6.5. Europe Segment Product type and Application Market Size
11.6.5.1. U.K  
11.6.5.2. Germany 
11.6.5.3. Italy 
11.6.5.4. France
11.6.5.5. Netherlands
11.6.5.6. Belgium
11.6.5.7. Spain
11.6.5.8. Denmark
11.6.5.9. Rest of Europe
11.7. Powder Coatings – APAC Segment Research
11.8. APAC Market Research (Market Size -$Million / $Billion)
11.8.1. Segment type Size and Market Size Analysis 
11.8.2. Revenue and Trends
11.8.3. Application Revenue and Trends by type of Application
11.8.4. Company Revenue and Product Analysis
11.8.5. APAC Segment – Product type and Application Market Size
11.8.5.1. China 
11.8.5.2. Australia
11.8.5.3. Japan 
11.8.5.4. South Korea
11.8.5.5. India
11.8.5.6. Taiwan
11.8.5.7. Malaysia
12. Powder Coatings Market - Entropy
12.1. New product launches
12.2. M&A's, collaborations, JVs and partnerships
13. Powder Coatings Market – Industry / Segment Competition landscape Premium
13.1. Market Share Analysis
13.1.1. Market Share by Country- Top companies
13.1.2. Market Share by Region- Top 10 companies
13.1.3. Market Share by type of Application – Top 10 companies
13.1.4. Market Share by type of Product / Product category- Top 10 companies
13.1.5. Market Share at global level- Top 10 companies
13.1.6. Best Practices for companies
14. Powder Coatings Market – Key Company List by Country Premium
15. Powder Coatings Market Company Analysis
15.1. Market Share, Company Revenue, Products, M&A, Developments
15.2. Akzo Nobel
15.3. Axalta Coating Systems
15.4. PPG Industries
15.5. Sherwin Williams
15.6. The Valspar Corporation
15.7. Company 6
15.8. Company 7
15.9. Company 8
15.10. Company 9
15.11. Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"
16. Powder Coatings Market - Appendix
16.1. Abbreviations
16.2. Sources
17. Powder Coatings Market - Methodology
17.1. Research Methodology
17.1.1. Company Expert Interviews
17.1.2. Industry Databases
17.1.3. Associations
17.1.4. Company News
17.1.5. Company Annual Reports
17.1.6. Application Trends
17.1.7. New Products and Product database
17.1.8. Company Transcripts
17.1.9. R&D Trends
17.1.10. Key Opinion Leaders Interviews
17.1.11. Supply and Demand Trends