06-03-2025
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.
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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:
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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?
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