粉体塗料市場は2021年に127億2,000万米ドルの評価額に達し、2022年には前年比5.0%の成長率で134億8,000万米ドルで終了すると予想されています。2022年から2032年の予測期間中、市場は6.0%の堅調なCAGRで成長し、2032年までに241億5,000万米ドルの評価額に達すると予測されています。
This growth is driven by rising disposable incomes and a growing global population, which have increased demand for automobiles, furniture, electronics, industrial and household appliances, agricultural equipment, and other products. Powder coatings are increasingly used for coating surfaces such as engine parts, pipes, fixtures, and metal parts in household appliances, leading to higher demand for these coatings in various industries.
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Country-wise Analysis:
In the U.S., the demand for powder coatings is growing due to higher disposable incomes, which drive demand for consumer products, automobiles, and furniture. The presence of numerous powder coating manufacturers also supports market growth. The U.S. market is expected to expand rapidly due to growth in the automotive industry, particularly driven by rising demand for electric vehicles (EVs). Additionally, robust economic growth and a thriving real estate sector are expanding the non-residential construction business. Increased state and federal infrastructure spending on buildings and public works is also expected to boost market growth. The U.S. powder coatings market is anticipated to grow at a CAGR of 5.2% during the forecast period.
Category-wise Insights:
Epoxy resin-based powder coatings are gaining popularity due to their enhanced protection against mechanical stress, weather conditions, and wear and tear, accounting for over 30% of the market share. Polyester resins follow closely, holding more than one-fourth of the market. Rising demand for high-quality finishes and durable coatings is expected to create significant growth opportunities for acrylic and resin-based powder coatings. The demand for acrylic resin-based powder coatings is projected to grow at a robust CAGR of over 6% through 2032.
Powder Coatings Market – Competitive Landscape:
Leading players in the powder coatings market are capitalizing on the rising demand by engaging in collaborations, partnerships, and acquisitions with small, medium, and large-scale vendors to expand their market presence. Key developments in the market include:
- In April 2022, PPG Industries completed the acquisition of Arsonsisi’s powder coatings manufacturing business, an industrial coatings company based in Milan, Italy.
- In September 2021, Covestro’s Ultra series of coating hardeners were adopted by BASF’s Coatings division, enhancing its refinish coatings portfolio to comply with strict occupational safety regulations concerning isocyanate usage.
- In May 2021, PPG launched CORAFLON platinum coatings for architectural metals, offering higher transfer efficiency rates of over 20% and improved corrosion resistance compared to standard fluoroethylene vinyl ether coatings. These products are available globally in a range of colors, glosses, micas, and metallic finishes.
- In June 2021, AkzoNobel announced its plan to acquire Grupo Orbis to strengthen its presence in South and Central America. The acquisition, which includes Pintuco paints and coatings, Andercol and Poliquim (resins), and Mundial (distribution and services), is expected to be completed by the end of 2022, pending regulatory approvals.
Key Segments Covered in the Powder Coatings Industry Survey
- By Resin :
- Epoxy
- Polyester
- Epoxy-Polyester (Hybrid)
- Acrylic
- Polyurethane
- Epoxy Polyester
- By Application :
- Consumer Goods
- Architectural
- Automotive
- General Industries
- Furniture
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa