This Epoxy 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 epoxy powder coatings market size has grown steadily in recent years. It will grow from $4.18 billion in 2024 to $4.36 billion in 2025 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to growth in automotive production globally, increasing urbanization and infrastructure development, increasing use of epoxy powder coatings in electrical and electronic products, growing capability of applying thinner and more uniform coatings, and growing demand in the construction industry.
The epoxy powder coatings market size is expected to see steady growth in the next few years. It will grow to $5.1 billion in 2029 at a compound annual growth rate (CAGR) of 4%. The growth in the forecast period can be attributed to rising demand from electric vehicles (EV) manufacturers, increasing environmental concerns and stringent regulatory standards, increasing focus on corrosion protection, increasing use of epoxy powder coatings in aerospace and defense sectors, and growing demand for sustainable coating solutions. Major trends in the forecast period include the adoption of automated and artificial intelligence (AI)-driven systems, advancements in production techniques, development of novel formulations and applications, advanced coating solutions, and emerging research and development (R&D) on coatings to prevent pipeline clogging.
The growing production of electric vehicles is anticipated to drive the expansion of the epoxy powder coatings market in the future. An electric vehicle (EV) is defined as a vehicle that relies on one or more electric motors for propulsion. This rise in electric vehicle production is fueled by increasing consumer demand, supportive government policies, and advancements in technology. Epoxy powder coatings are utilized in electric vehicles due to their excellent corrosion resistance, durability, and electrical insulation, which are crucial for protecting components and enhancing the vehicle's lifespan. For example, in April 2023, the International Energy Agency, a France-based intergovernmental organization, reported that over 10 million electric vehicles were sold worldwide in 2022, with projections suggesting a 35% increase in 2023, totaling 14 million vehicles. Hence, the increasing production of electric vehicles is boosting the growth of the epoxy powder coatings market.
Key companies in the epoxy powder coatings market are concentrating on developing innovative products, such as zinc epoxy powder primers, to provide outstanding corrosion resistance. Zinc epoxy powder primers are protective coatings made from zinc particles and epoxy resin, which are applied to metal surfaces to enhance corrosion protection and improve adhesion for subsequent layers of paint or coatings. For instance, in August 2024, PPG Industries Inc., a US-based manufacturer of paints and coatings, introduced the PPG PRIMERON Optimal zinc epoxy powder primer. This product features an advanced zinc formulation that offers superior transfer efficiency, achieving 85% efficiency compared to standard zinc-rich primers, and complies with ISO C5 standards (ISO 12944 Corrosion Category C5 - Very High Corrosivity) for protection in high humidity and harsh conditions. Its significantly lower specific gravity (2 vs. 3.6) makes it lighter and easier to apply, requiring about half the amount of traditional primers, which leads to cost savings and improved sustainability. Additionally, the PRIMERON Optimal primer is solvent-free, which eliminates the release of volatile organic compounds (VOCs).
In February 2022, Westlake Chemical Corporation, a US-based petrochemical manufacturer, acquired the epoxy business of Hexion Inc. for $1.2 billion. This acquisition will enable Westlake to significantly enhance its integrated business by integrating a leading portfolio of coatings and composite products, thereby supporting renewable energy and contributing to lightweight solutions in the aerospace and automotive sectors. Hexion Inc. is a US-based producer of epoxy powder coatings.
Major companies operating in the epoxy powder coatings market are BASF SE, Henkel AG & Co. KGaA, Sherwin-Williams Company, PPG Industries Inc., Evonik Industries AG, Akzo Nobel N.V., Nippon Paint Holdings Co. Ltd., RPM International Inc., Wacker Chemie AG, Axalta Coating Systems Ltd., Asian Paints PPG Pvt. Ltd., Jotun A/S, Allnex Group, Berger Paints India Ltd., Kansai Nerolac Paints, Teknos Group, Beckers Group, Tnemec Company Inc., Cardinal Paint and Powder, Solvay S.A., Crest Coatings Inc., Hempel A/S.
Asia-Pacific was the largest region in the epoxy powder coatings market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the epoxy powder coatings marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the epoxy powder coatings marker report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Epoxy powder coating is a protective finish used on metal surfaces, consisting of a blend of epoxy resins and hardeners that are formulated into a fine powder. This powder is electrostatically applied to the surface of the object and then cured in an oven, resulting in a strong and durable finish. Epoxy powder coatings are widely utilized across various industries due to their resilience and protective properties.
The primary types of epoxy powder coatings include fusion-bonded epoxy coating, spray-grade fusion-bonded epoxy, and others. Fusion-bonded epoxy (FBE) coating is a specific type of powder coating that is applied to a pre-heated surface, typically steel, allowing the epoxy powder to melt and fuse into a protective layer. Various application methods are used, including electromagnetic brush (EMB) coating, electrostatic spray deposition, and fluidized bed coating. This type of coating is employed by a range of end-users in industries such as automotive, building and construction, industrial, aerospace and defense, marine, electrical and electronics, oil and gas, and more.
The epoxy powder coatings market research report is one of a series of new reports that provides epoxy powder coatings market statistics, including epoxy powder coatings industry global market size, regional shares, competitors with a epoxy powder coatings market share, detailed epoxy powder coatings market segments, market trends and opportunities, and any further data you may need to thrive in the epoxy powder coatings industry. This epoxy 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.
The epoxy powder coatings market consists of sales of architectural coatings, marine coatings, corrosion-resistant coatings, custom colors and finishes. 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.
This product will be delivered within 3-5 business days.
The epoxy powder coatings market size has grown steadily in recent years. It will grow from $4.18 billion in 2024 to $4.36 billion in 2025 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to growth in automotive production globally, increasing urbanization and infrastructure development, increasing use of epoxy powder coatings in electrical and electronic products, growing capability of applying thinner and more uniform coatings, and growing demand in the construction industry.
The epoxy powder coatings market size is expected to see steady growth in the next few years. It will grow to $5.1 billion in 2029 at a compound annual growth rate (CAGR) of 4%. The growth in the forecast period can be attributed to rising demand from electric vehicles (EV) manufacturers, increasing environmental concerns and stringent regulatory standards, increasing focus on corrosion protection, increasing use of epoxy powder coatings in aerospace and defense sectors, and growing demand for sustainable coating solutions. Major trends in the forecast period include the adoption of automated and artificial intelligence (AI)-driven systems, advancements in production techniques, development of novel formulations and applications, advanced coating solutions, and emerging research and development (R&D) on coatings to prevent pipeline clogging.
The growing production of electric vehicles is anticipated to drive the expansion of the epoxy powder coatings market in the future. An electric vehicle (EV) is defined as a vehicle that relies on one or more electric motors for propulsion. This rise in electric vehicle production is fueled by increasing consumer demand, supportive government policies, and advancements in technology. Epoxy powder coatings are utilized in electric vehicles due to their excellent corrosion resistance, durability, and electrical insulation, which are crucial for protecting components and enhancing the vehicle's lifespan. For example, in April 2023, the International Energy Agency, a France-based intergovernmental organization, reported that over 10 million electric vehicles were sold worldwide in 2022, with projections suggesting a 35% increase in 2023, totaling 14 million vehicles. Hence, the increasing production of electric vehicles is boosting the growth of the epoxy powder coatings market.
Key companies in the epoxy powder coatings market are concentrating on developing innovative products, such as zinc epoxy powder primers, to provide outstanding corrosion resistance. Zinc epoxy powder primers are protective coatings made from zinc particles and epoxy resin, which are applied to metal surfaces to enhance corrosion protection and improve adhesion for subsequent layers of paint or coatings. For instance, in August 2024, PPG Industries Inc., a US-based manufacturer of paints and coatings, introduced the PPG PRIMERON Optimal zinc epoxy powder primer. This product features an advanced zinc formulation that offers superior transfer efficiency, achieving 85% efficiency compared to standard zinc-rich primers, and complies with ISO C5 standards (ISO 12944 Corrosion Category C5 - Very High Corrosivity) for protection in high humidity and harsh conditions. Its significantly lower specific gravity (2 vs. 3.6) makes it lighter and easier to apply, requiring about half the amount of traditional primers, which leads to cost savings and improved sustainability. Additionally, the PRIMERON Optimal primer is solvent-free, which eliminates the release of volatile organic compounds (VOCs).
In February 2022, Westlake Chemical Corporation, a US-based petrochemical manufacturer, acquired the epoxy business of Hexion Inc. for $1.2 billion. This acquisition will enable Westlake to significantly enhance its integrated business by integrating a leading portfolio of coatings and composite products, thereby supporting renewable energy and contributing to lightweight solutions in the aerospace and automotive sectors. Hexion Inc. is a US-based producer of epoxy powder coatings.
Major companies operating in the epoxy powder coatings market are BASF SE, Henkel AG & Co. KGaA, Sherwin-Williams Company, PPG Industries Inc., Evonik Industries AG, Akzo Nobel N.V., Nippon Paint Holdings Co. Ltd., RPM International Inc., Wacker Chemie AG, Axalta Coating Systems Ltd., Asian Paints PPG Pvt. Ltd., Jotun A/S, Allnex Group, Berger Paints India Ltd., Kansai Nerolac Paints, Teknos Group, Beckers Group, Tnemec Company Inc., Cardinal Paint and Powder, Solvay S.A., Crest Coatings Inc., Hempel A/S.
Asia-Pacific was the largest region in the epoxy powder coatings market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the epoxy powder coatings marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the epoxy powder coatings marker report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Epoxy powder coating is a protective finish used on metal surfaces, consisting of a blend of epoxy resins and hardeners that are formulated into a fine powder. This powder is electrostatically applied to the surface of the object and then cured in an oven, resulting in a strong and durable finish. Epoxy powder coatings are widely utilized across various industries due to their resilience and protective properties.
The primary types of epoxy powder coatings include fusion-bonded epoxy coating, spray-grade fusion-bonded epoxy, and others. Fusion-bonded epoxy (FBE) coating is a specific type of powder coating that is applied to a pre-heated surface, typically steel, allowing the epoxy powder to melt and fuse into a protective layer. Various application methods are used, including electromagnetic brush (EMB) coating, electrostatic spray deposition, and fluidized bed coating. This type of coating is employed by a range of end-users in industries such as automotive, building and construction, industrial, aerospace and defense, marine, electrical and electronics, oil and gas, and more.
The epoxy powder coatings market research report is one of a series of new reports that provides epoxy powder coatings market statistics, including epoxy powder coatings industry global market size, regional shares, competitors with a epoxy powder coatings market share, detailed epoxy powder coatings market segments, market trends and opportunities, and any further data you may need to thrive in the epoxy powder coatings industry. This epoxy 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.
The epoxy powder coatings market consists of sales of architectural coatings, marine coatings, corrosion-resistant coatings, custom colors and finishes. 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.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Epoxy Powder Coatings Market Characteristics3. Epoxy Powder Coatings Market Trends and Strategies4. Epoxy Powder Coatings Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Epoxy Powder Coatings Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Epoxy Powder Coatings Market34. Recent Developments in the Epoxy Powder Coatings Market
5. Global Epoxy Powder Coatings Growth Analysis and Strategic Analysis Framework
6. Epoxy Powder Coatings Market Segmentation
7. Epoxy Powder Coatings Market Regional and Country Analysis
8. Asia-Pacific Epoxy Powder Coatings Market
9. China Epoxy Powder Coatings Market
10. India Epoxy Powder Coatings Market
11. Japan Epoxy Powder Coatings Market
12. Australia Epoxy Powder Coatings Market
13. Indonesia Epoxy Powder Coatings Market
14. South Korea Epoxy Powder Coatings Market
15. Western Europe Epoxy Powder Coatings Market
16. UK Epoxy Powder Coatings Market
17. Germany Epoxy Powder Coatings Market
18. France Epoxy Powder Coatings Market
19. Italy Epoxy Powder Coatings Market
20. Spain Epoxy Powder Coatings Market
21. Eastern Europe Epoxy Powder Coatings Market
22. Russia Epoxy Powder Coatings Market
23. North America Epoxy Powder Coatings Market
24. USA Epoxy Powder Coatings Market
25. Canada Epoxy Powder Coatings Market
26. South America Epoxy Powder Coatings Market
27. Brazil Epoxy Powder Coatings Market
28. Middle East Epoxy Powder Coatings Market
29. Africa Epoxy Powder Coatings Market
30. Epoxy Powder Coatings Market Competitive Landscape and Company Profiles
31. Epoxy Powder Coatings Market Other Major and Innovative Companies
35. Epoxy Powder Coatings Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Epoxy Powder Coatings Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on epoxy powder coatings market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for epoxy powder coatings ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The epoxy powder coatings market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include: the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Coatings Type: Fusion Bonded Epoxy Coating; Spray Grade Fusion Bonded Epoxy; Other Coating Types2) By Method: Electromagnetic Brush (EMB) Coating; Electrostatic Spray Deposition; Fluidized Bed Coating
3) By End-User: Automotive; Building and Construction; Industrial; Aerospace and Defense; Marine; Electrical and Electronics; Oil and Gas; Other End-Users
Subsegments:
1) By Fusion Bonded Epoxy Coating: Thin Film Fusion Bonded Epoxy; Thick Film Fusion Bonded Epoxy2) By Spray Grade Fusion Bonded Epoxy: Low-Viscosity Spray Grade; High-Viscosity Spray Grade
3) By Other Coating Types: Electrically Conductive Epoxy Coatings; Specialty Epoxy Coatings; Decorative Epoxy Coatings
Key Companies Mentioned: BASF SE; Henkel AG & Co. KGaA; Sherwin-Williams Company; PPG Industries Inc.; Evonik Industries AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies featured in this Epoxy Powder Coatings market report include:- BASF SE
- Henkel AG & Co. KGaA
- Sherwin-Williams Company
- PPG Industries Inc.
- Evonik Industries AG
- Akzo Nobel N.V.
- Nippon Paint Holdings Co. Ltd.
- RPM International Inc.
- Wacker Chemie AG
- Axalta Coating Systems Ltd.
- Asian Paints PPG Pvt. Ltd.
- Jotun A/S
- Allnex Group
- Berger Paints India Ltd.
- Kansai Nerolac Paints
- Teknos Group
- Beckers Group
- Tnemec Company Inc.
- Cardinal Paint and Powder
- Solvay S.A.
- Crest Coatings Inc.
- Hempel A/S
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | April 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 4.36 Billion |
Forecasted Market Value ( USD | $ 5.1 Billion |
Compound Annual Growth Rate | 4.0% |
Regions Covered | Global |
No. of Companies Mentioned | 23 |