Europe Powder Coatings Market Outlook, 2028

The increase in car production across the region is one of the primary reasons driving the powder coating industry in Europe. The increased demand for effective, non-volatile organic chemicals and solvent-free coating formulations can be linked to the extensive use of powder coating across numerous industry verticals. This, in turn, is a major driver of market expansion. In line with this, rising environmental concerns have caused governments in various countries to launch green initiatives promoting the use of eco-friendly coating chemicals, such as powder coating, to reduce the occurrence of fire hazards, hence supporting market growth. Furthermore, ongoing construction activities and the continuous construction of several commercial and residential buildings have supplemented the deployment of powder coating for polishing or refinishing furniture and consumer electronics, such as refrigerators and door handles, which is acting as another growth-inducing factor. In addition, the growing use of powder coating in the automotive industry for glazing wheel rims, structural components, radiator grills, bumpers, and horns is driving market expansion. Other factors contributing to market expansion include strategic alliances among key competitors and significant investments in research and development (R&D) operations to introduce high-performance, anti-bacterial powder coating. EVs are becoming more popular as a result of their environmental benefits and lower running costs. Powder coatings are employed on the body, wheels, and interior trim of electric vehicles. Powder coatings are also used in a wide range of appliances and furnishings, including refrigerators, washing machines, and tables. Powder coatings are in high demand due to the rising demand for these products.

According to the research report, Europe Powder Coatings Market, Outlook, 2028, the market is expected add USD 1.1 Billion from 2023 to 2028. The demand for powder coatings is also growing in different industries, such as furniture, appliances, and construction. This is due to the many advantages of powder coatings, such as their durability, scratch resistance, and colorfastness. For instance, powder coatings are often used to protect furniture from scratches and fading, and they are also used to give appliances a sleek, modern look. In the construction industry, powder coatings are used to protect metal components from corrosion and to give them a variety of decorative finishes. Powder coatings offer a wide range of colors, textures, and finishes, providing designers and manufacturers with ample creative freedom. European consumers often appreciate innovative and unique designs, and powder coatings allow for customization and differentiation in products. There has been a growing demand for high-performance powder coatings in sectors such as automotive, aerospace, and industrial equipment. These coatings offer exceptional performance characteristics, including enhanced corrosion resistance, thermal stability, and mechanical strength. In addition to aesthetic considerations, functional powder coatings have gained popularity in Europe. These coatings provide specific functionalities such as antimicrobial properties, heat resistance, electrical conductivity, or insulating properties. They are used in applications where additional performance features are required. European consumers and businesses place a high value on sustainability and environmental concern. Powder coatings are consistent with these principles because they are a more environmentally friendly alternative to typical liquid coatings. They are solvent-free, generate fewer pollutants, and have a longer service life, requiring less frequent recoating. Powder coatings have a favourable position in the European market due to their capacity to provide sustainable solutions. Continuous advancements in application techniques are being pursued to improve the efficiency and quality of powder coating application. This includes developments in electrostatic spray guns, robotic application systems, and powder reclamation technologies. Manufacturers are also exploring novel application methods, such as 3D powder printing, for specialized applications.

Based on the report, the market is segmented into resin type, thermoset and thermoplastic. The thermoset resins are the most commonly used resin in Europe. Thermoset resin-based powder coatings offer excellent physical properties such as durability, hardness, scratch resistance, and chemical resistance. These properties make them well-suited for demanding applications across various industries, including automotive, architecture, appliances, and industrial equipment. The high-performance characteristics of thermoset resin-based coatings make them popular in Europe, where quality and performance are valued. Thermoset resin-based powder coatings, especially polyester resins, offer excellent UV resistance. This characteristic is highly desirable in Europe, where exposure to sunlight and weathering is a significant consideration. UV resistance helps prevent color fading, chalking, and degradation of the coating film, making it suitable for exterior applications such as architectural coatings, automotive coatings, and outdoor furniture. Thermoset resin-based powder coatings have a broad range of applications, making them versatile and adaptable to different substrates and industries. They can be applied to metal, wood, plastics, and composite materials, offering flexibility for manufacturers in various sectors. The ability to provide effective and durable protection on diverse substrates makes thermoset resin-based coatings a preferred choice in Europe.

Germany is the largest market of powder coatings in Europe with highest market share followed by Russia and Italy. Germany is home to a number of major automotive manufacturers, including Volkswagen, BMW, and Mercedes-Benz. These companies use powder coatings extensively in the production of their vehicles, which accounts for a significant share of the demand for powder coatings in Germany. German industries prioritize high-quality and high-performance coatings to meet the stringent requirements of their products. Powder coatings are valued for their excellent mechanical properties, weather resistance, and chemical resistance, making them an ideal choice for German manufacturers. The emphasis on quality and performance aligns well with the characteristics of powder coatings, contributing to their widespread adoption in the market. In addition, Germany has a thriving architectural and construction sector that extensively utilizes powder coatings. Powder coatings are commonly applied to building facades, windows, doors, and other architectural elements due to their durability, weather resistance, and aesthetic versatility. The demand for powder coatings in the construction industry contributes significantly to Germany's position as the largest market for powder coatings in Europe.

The End-Use of the industry includes appliances, automotive, general industrial, architectural, and furniture. The powder coatings are most commonly used in automotive industry. The automotive industry requires coatings that can withstand the harsh conditions faced by vehicles, such as exposure to UV radiation, road salts, chemicals, and abrasion. Powder coatings offer exceptional durability and corrosion resistance, protecting automotive components from environmental factors and ensuring a long-lasting finish. Original Equipment Manufacturers (OEMs) in the automotive industry often have specific coating requirements and standards. Powder coatings have proven to meet these stringent OEM specifications, ensuring that the coatings adhere to quality and performance standards set by automotive manufacturers. This further solidifies the position of powder coatings as a preferred choice in the European automotive industry. Based on coating methods the market is bifurcated into electrostatic spray and fluidized bed coating. The electrostatic spray is widely used as coating methods. The electrostatic attraction between the charged powder particles and the grounded substrate promotes strong adhesion. This results in a durable coating that adheres well to the substrate, providing excellent resistance to chipping, flaking, and other forms of coating failure. High adhesion is especially crucial in applications where the coated parts may experience mechanical stress or exposure to harsh environmental conditions. Electrostatic spray is particularly suitable for coating complex-shaped objects or parts with intricate geometries. The electrostatic charge helps the powder particles adhere to recessed areas, corners, and edges, ensuring complete coverage and avoiding uneven coating thickness. This capability makes electrostatic spray ideal for coating automotive components, appliances, furniture, and other products with intricate designs.

Major companies present in the market:

Akzo Nobel N.V, PPG Industries, Inc., The Sherwin-Williams Company, RPM International Inc, Jotun Group, Wacker Chemie AG, Arkema S.A., BASF SE, Kansai Paint Co.,Ltd., Axalta Coating Systems Ltd., Nippon Paint Holdings Co., Ltd, Sika AG, TIGER Coatings, Solvay NV/SA.

Considered in this report

• Geography: Europe
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report

• Europe Powder Coatings market with its value and forecast along with its segments
• Country-wise Powder Coatings market analysis
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries Covered in the report:

• Germany
• United Kingdom
• France
• Italy
• Spain
• Russia

By Resin Type

• Thermoset
• Thermoplastic

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.