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Globe and Mail
06-03-2025
- Automotive
- Globe and Mail
Powder Coatings Market Revenue to Reach from $15 Bn to $20 Bn by 2030
"Powder Coatings Market Research Report by Arizton" According to Arizton's latest research report, the powder coatings market is growing at a CAGR of 5.46% during 2024-2030. Looking for More Information? Click: Report Scope: Market Size (2030): $20.87 Billion Market Size (2024): $15.17 Billion CAGR (2024-2030): 5.46% Historic Year: 2021-2023 Base Year: 2024 Forecast Year: 2025-2030 Market Segmentation: Resin Type, End-User, and Geography Geographical Analysis: North America, Europe, APAC, Latin America, and Middle East & Africa Market Overview The global powder coatings market is rapidly growing, fueled by industrialization, urbanization, and the demand for eco-friendly solutions. Powder coatings are preferred for their ability to eliminate VOC emissions, reduce waste, and offer sustainability. Technological advancements, such as increased durability and resistance to UV, scratches, and chemicals, are driving innovation in the market. Companies like AkzoNobel and PPG Industries are leading these innovations, opening new opportunities in automotive, architectural, and consumer goods sectors. Sustainability is a key focus, with manufacturers investing in energy-efficient technologies, such as Sherwin-Williams' Powdura product line, designed to meet both environmental and performance standards. The automotive industry, especially electric vehicles, continues to be a major growth driver. Consumer goods companies like Whirlpool and IKEA are adopting powder coatings to enhance product finishes and energy efficiency. Emerging markets in APAC, Latin America, and Africa are also contributing to the market's growth, with localized production facilities meeting the rising demand in these regions. PPG Coraflon Platinum: Setting New Standards in the Powder Coating Market The demand for powder coatings is rising due to their time-saving, energy-efficient, and environmentally friendly benefits. Unlike traditional liquid coatings, powder coatings require only one coat, reducing processing time and eliminating extended drying. They also use less energy during curing, lowering costs for high-volume manufacturers. Powder coatings are highly recyclable, with up to 95% utilization, minimizing waste and material costs. Products like PPG Coraflon Platinum demonstrate improved durability, corrosion resistance, and low VOC emissions, making powder coatings a preferred, sustainable choice for industries like automotive, architecture, and manufacturing, offering both efficiency and eco-friendly performance. Strategic Mergers and Acquisitions Shaping the Powder Coatings Market Mergers and acquisitions (M&A) in the powder coatings industry are becoming increasingly common as companies seek to expand their market presence, reduce operational costs, and acquire advanced technologies. These strategic moves allow companies to strengthen product lines, improve global presence, and remain competitive. Notable M&A activities include CIN's acquisition of Hempel Industrial B.V. to enhance its industrial coatings portfolio, Rodda Paint's acquisition of Miller Paint Company to complement its powder coatings offerings, and American Industrial Partners acquiring PPG's architectural coatings business to focus on innovation. Other significant acquisitions include Sudarshan Chemical's purchase of Heubach Group, Axalta Coating Systems' acquisition of CoverFlexx Group, and KANSAI HELIOS acquiring WEILBURGER Coatings to improve their powder coatings capabilities in specialized applications. These strategic moves reflect industry's focus on eco-friendly, energy-efficient coatings and technological advancements, responding to rising demand for sustainable and high-performance solutions. The growing trend of M&A in the powder coatings sector highlights a dynamic, evolving market shaped by sustainability and innovation. Recent Developments in the Global Powder Coatings Market In February 2025, PPG announced a strategic partnership with SARO/Siccardi, the largest distributor of powder coatings in Italy. The collaboration aims to enhance PPG's distribution network and customer service in Italy. In 2023, Axalta Coating Systems launched Axalta Irus Mix, a fully automated and completely hands-free mixing machine for the automotive refinish industry offering sustainability benefits. Akzo Nobel has acquired Huarun in China and the wheel liquid coatings business of Lankwitzer Lackfabrik GmbH in 2023 expanding its market presence and reinforcing its position outside the premium segment. In 2023, KANSAI HELIOS completely acquired German Powder Coatings and Resin producer CWS Lackfabrik GmbH. Through this, the company expanded its presence in the European market and enhanced its consumer base. Key Company Profiles Akzo Nobel PPG Industries Inc. The Sherwin-Williams Company RPM International Inc. Axalta Coating Systems Allnex GmbH Arkema Asian Paints PPG Pvt. Ltd. BASF Berger Paints India Diamond Vogel dsm-firmenich Dulux Jotun Eastman Chemical Company Evonik Nippon Paint Industrial Coatings Co., Ltd TIGER Coatings GmbH & Co. KG Teknos Group Kansai Nerolac Paints Limited KCC Corporation Sika Wacker Chemie AG Arsonsisi S.p.A. İBA Kimya A.Ş. CWS - Powder Coatings Erie Powder Coatings Inc. Europolveri SPA Hentzen Coatings, Inc. IFS Coatings Keyland Polymer SAKS-POL Elite Metal Coatings PRISMATIC POWDERS® Gema Switzerland GmbH Keystone Koating Rapid Engineering Co. Pvt. Ltd. Market Segmentation Resin Type Thermoset Resin Polyester Epoxy-Polyester Hybrid Epoxy Polyurethane Others Thermoplastic Resin End-User Consumer Goods Automotive General Industrial Furniture Architectural Others Geography APAC China India Japan Australia South Korea Indonesia Thailand North America The U.S. Canada Europe Germany The U.K. France Italy Spain Netherlands Poland Middle East & Africa Saudi Arabia The UAE South Africa Latin America Brazil Mexico Argentina The Arizton Advisory & Intelligence market research report provides valuable market insights for industry stakeholders, investors, researchers, consultants, and business strategists aiming to gain a thorough understanding of the powder coatings market. Request for Free Sample to get a glance of the report now: Related Reports that Might be of Your Interest Global Epoxy Resin Market Research Report 2020-2029 Ice Storage Bins Market - Global Outlook & Forecast 2024-2029 What Key Findings Will Our Research Analysis Reveal? What is the growth rate of the global powder coatings market? How big is the global powder coatings market? Which region dominates the global powder coatings market share? What are the significant trends in the powder coatings market? Who are the key players in the global powder coatings market? Why Arizton? 100% Customer Satisfaction 24x7 availability – we are always there when you need us 200+ Fortune 500 Companies trust Arizton's report 80% of our reports are exclusive and first in the industry 100% more data and analysis 1500+ reports published till date Post-Purchase Benefit 1hr of free analyst discussion 10% off on customization About Us: Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services. We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts. Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Associated Press
04-03-2025
- Business
- Associated Press
PPG CORAFLON Platinum powder coating exhibits 20 times the color retention of competitor products
PPG (NYSE:PPG) today announced the release of new data showing the superior color and gloss retention performance of PPG CORAFLON ® Platinum powder coating for architectural extrusions. Testing by independent third-party laboratory Atlas Material Testing Solutions, conducted according to Fenestration and Glazing Industrial Alliance and American Architectural Manufacturers Association (FGIA/AAMA) 2605 standards, revealed that PPG Coraflon Platinum exhibited a minimal 6% loss in color over five-years. The data demonstrated that PPG's Coraflon Platinum exhibited 20 times the color retention of similarly colored competitor products within the same period. This press release features multimedia. View the full release here: New data shows that PPG Coraflon Platinum exhibited 20 times the color retention of similarly colored competitor products within the same period. (Photo: Business Wire) During the first five years of the comparison, a leading competitor's Slate Gray shade underwent a significant loss in color. Studying gloss retention over the same five-year period, both Slate Gray and Bone White competitor colors lost 80% or more of their gloss. In contrast, PPG Coraflon Platinum powder coating had minimal color and gloss change. PPG Coraflon Platinum powder coating also maintains its exceptional stability and performance far beyond the 10-year benchmark, according to Atlas Material Testing Solutions. The coating has undergone years of third-party testing in accordance with industry performance standards*, including passing 4,000 hours of cyclic corrosion testing, correlating to 5-7 years of corrosion exposure in the field. PPG Coraflon Platinum also provides a number of additional performance benefits, including providing architects with an extended gloss range from five to 85, compared to the standard FEVE (fluoroethylene vinyl ether) powder coatings with a range of 25 to 70. 'Our customers demand high levels of performance and sustainability, and as partners we always strive to meet their needs,' said Marizeth Carvalho, PPG global powder lead, Industrial Coatings. 'We know customers have long valued the color and durability of our PPG Coraflon Platinum coatings, and this new data emphasizes our ability to outperform competitors in the market.' PPG Coraflon Platinum powder coating offers a wide selection of colors, effects and glosses, including popular anodized metal finishes. For architects and designers, the PPG Coraflon Platinum color collection features the themes of Embrace, Engage and Escape—encapsulating color options that reflect major trends influencing design. The collection also features mineral tones and textures that mimic cement, stone, terracotta and other natural finishes. PPG Coraflon Platinum powder coatings are available globally for metal building components and architectural applications that demand the industry's highest levels of corrosion and weathering resistance. PPG Coraflon Platinum coatings are specifically formulated without TGIC (triglycidyl isocyanurate), PFOA (perfluorooctanoic acid), fluorosurfactants, VOCs (volatile organic compounds), HAPs (hazardous air pollutants), Living Building Challenge (LBC) Red List substances, SVHCs (substances of very high concern) and are REACH compliant. At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty materials that our customers have trusted for more than 140 years. Through dedication and creativity, we solve our customers' biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $15.8 billion in 2024. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit CATEGORY Industrial Coatings View source version on CONTACT: PPG Media Contact: Alicia Cafardi +1 412 510 1907 SOURCE: PPG Copyright Business Wire 2025. PUB: 03/04/2025 10:30 AM/DISC: 03/04/2025 10:32 AM
