Powder Coatings Market Report 2025

This Powder Coatings market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The powder coatings market size has grown strongly in recent years. It will grow from $20.51 billion in 2024 to $22.18 billion in 2025 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to durability and corrosion resistance, industrial and manufacturing applications, automotive industry, architectural and building materials.

The powder coatings market size is expected to see strong growth in the next few years. It will grow to $29.03 billion in 2029 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to sustainability and low environmental impact, renewable energy infrastructure, automotive sector expansion, customized and functional coatings. Major trends in the forecast period include technological advancements, smart coatings, nanotechnology integration, bio-based powder coatings.

The powder coatings market is anticipated to experience significant growth, driven by the increasing demand in the construction sector. The construction industry, encompassing a wide array of activities related to infrastructure and building planning, design, construction, renovation, and maintenance, serves as a substantial market for powder coatings. These coatings are frequently applied to architectural elements like aluminum and steel window frames, doors, railings, and curtain wall systems. They offer a durable, weather-resistant, and aesthetically pleasing finish that enhances the visual appeal of buildings. For instance, in July 2024, according to the US Census Bureau, a US-based government agency, the value of construction operations increased from $2.01 trillion in May 2023 to $2.14 trillion in May 2024, reflecting a notable rise in construction activity and investment in the sector. This remarkable growth in the construction sector is a key driver behind the expansion of the powder coatings market.

The powder coatings market is also set to benefit from the increasing demand in the automobile sector. The automobile industry, which encompasses various businesses and institutions engaged in vehicle creation, production, marketing, and sales, represents another significant market for powder coatings. These coatings find application in coating exterior body panels like car hoods, fenders, and doors, providing a smooth, durable, and corrosion-resistant finish that not only enhances the vehicle's appearance but also shields it from environmental elements. For example, in 2023, the global automotive sector demonstrated significant growth, with total vehicle production reaching 93,546,599 units, marking a substantial increase from the 85,016,728 units produced in 2022, as reported by the Organisation Internationale des Constructeurs d'Automobiles (OICA), a France-based international trade association of automobile manufacturers. Therefore, the growth in the automobile sector plays a pivotal role in driving the expansion of the powder coatings market.

Companies are increasingly focusing on new coating technologies designed for heat-sensitive substrates like medium-density fiberboard (MDF). These technologies operate at lower temperatures during the curing process, leading to reduced energy consumption compared to conventional methods. One such innovation is IGP-RAPID by IGP, which relies on new raw materials and IGP technology to enable low-temperature powder coatings at 266°F (130°C) with curing times as short as 3 minutes. This approach is not only eco-friendly but also enhances product design while providing long-term functional protection.

Leading companies in the powder coatings market are prioritizing the development of sustainable metallic powder coatings that incorporate patented stabilized particulate technology. This innovation enhances durability, improves environmental performance, and reduces volatile organic compound (VOC) emissions, all while ensuring high-quality finishes. Patented stabilized particulate technology involves an advanced method of modifying and stabilizing particles within the coating material, enabling better control over particle distribution and performance. For example, in September 2024, Akzo Nobel N.V., a Netherlands-based company, introduced Interpon D Natural Metals, a line of metallic powder coatings. These coatings are VOC-free, reflecting AkzoNobel’s commitment to sustainability by reducing environmental impact during application and offering a healthier alternative for users. The new range includes a wide array of colors, featuring metals such as copper, brass, steel, and silver, providing architects and designers with the aesthetic flexibility of real metal finishes without the associated challenges.

Major companies operating in the powder coatings market include AkzoNobel NV, PPG Industries Inc., Sherwin-Williams Company, BASF SE, Axalta Coating Systems Ltd., Kansai Nerolac Paints Limited, Jotun Group, IFS Coatings, Valspar Corporation, Asian Paints Ltd., RPM International Inc., Dulux Powder & Industrial Coating, DuPont de Nemours, Inc., Somar Corporation, Protech Group, Nippon Paint Co. Ltd., Evonik Industries AG, Berger Paints Limited, IGP Pulvertechnik AG, TIGER Coatings GmbH & Co. KG, Cloverdale Paint Inc., Vogel Paint Inc., Hentzen Coating Inc., Alpha Coating Technologies Inc., Ferro arte de mexico sa de cv, TCI Powder Coatings, Prismatic Powders, Precision Coatings Inc., S&B Finishing Co. Inc., Rohner Powder Coating, Pro Powder & Paint Inc., Premier Powder Coating Ltd., Rite-Way Powder Coating Inc., Reliant Finishing Systems.

Powder coating is a finishing process that maintains the binder and filler components in a liquid suspension state. This technique generally involves applying a dry, free-flowing powder to a surface electrostatically and subsequently curing it through the application of heat or ultraviolet light.

The primary types of powder coatings are thermoset and thermoplastic. Thermoset materials are predominantly utilized in most powder coating processes due to their ability to create a durable and aesthetically pleasing surface layer. The primary coating methods include electrostatic spray and the use of the fluidized bed, which are applied in various sectors such as appliances, automotive, architectural applications, furniture, agriculture, construction, earthmoving equipment (ACE), general industrial purposes, and other relevant industries.

The powder coatings market research report is one of a series of new reports that provides powder coatings market statistics, including powder coatings industry global market size, regional shares, competitors with a powder coatings market share, detailed powder coatings market segments, market trends and opportunities, and any further data you may need to thrive in the powder coatings industry. This powder coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Asia-Pacific was the largest region in the powder coatings market in 2024. Western Europe was the second-largest region in the global powder coatings market. The regions covered in the powder coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the powder coatings market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The powder coating market consists of the sales of epoxies, polyesters, super durable polyesters, epoxy-polyester hybrids, fluoropolymers, and urethanes powder coatings. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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