Powder Coatings Market 2023 Driving Factors Forecast Research 2028

jack daniel
Published on May 31, 2023

According to a recent research report by MarkNtel Advisors, the Powder Coatings Market Size, Share, Analysis, Future and Forecast 2023-2028 is projected to experience a compound annual growth rate (CAGR) of approximately 5.27% during the forecast period from 2023 to 28. The report provides a comprehensive analysis of the market size, highlighting prominent growth factors, opportunities, challenges, key trends, and outlook on different segments and sub-segments until 2028.

The market study considers the historical period of 2018-21, with the base year being 2022.

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Driving Innovation: Key Market Players Shaping the Future

The research report profiles companies in the Market, ranging from large enterprises with a market share of approximately 50-60%, medium-sized companies accounting for 30-40% market share, to small and emerging firms holding a share of 10-20%. The competitive analysis is primarily based on factors such as their product portfolio, annual revenues, and research and development initiatives.

Top Companies in Powder Coatings Market

-PPG Industries Inc.

-Akzo Nobel N.V.

-Axalta Coating System

-Sherwin-Williams Company

-Jotun Group

-RPM International Inc.

-Arkema S.A.

-Nippon Paint Holdings

-IGP Powder Coatings


-Tiger Coatings GmbH & Co.KG

-Kansai Nerolac Paints Ltd.

-A & I Coatings


In emerging countries, the market growth shall drive through the growing awareness among governments and producers about the flooding need to raise field produce and evaluate the expenditure. Moreover, the expanding concerns on food sustainability across the globe shall lead the government to make massive investments. Hence, based on these factors, the market is likely to achieve an astronomical pace in the forecast years.

Empowering Strategic Decision-Making: Leveraging Market Segmentation for Targeted Strategies and Market Penetration

Within this section of the research report, you will find a meticulous and comprehensive analysis of the Powder Coatings Market's size and volume. The analysis is conducted across a range of segments and sub-segments, providing readers with a detailed understanding of the factors that drive market growth within each segment. By exploring these insights, readers can gain valuable knowledge about the specific elements that contribute to the overall expansion of the Market.

By Resin Type





-Polyvinyl Chloride

-Others (Epoxy Polyster Hybrid, Fluropolymer, etc.)

By Method of Coating

-Electrostatic Spray Deposition (ESD)

-Fluidized bed

-Others (Flame Spray, Electrostatic bed fluidized process, etc.)

By Application




-General Industrial (Electrical Power Generation, Machinery, Packaging, etc.)

-Appliances (Consumer Electronics, Home Appliances, etc.)


By Region

-North America

-South America


-Middle East & Africa


Market Dynamics:

Key Driver: Transition of the Automotive Industry Towards Sustainability

The global inclination towards the adoption of clean & green solutions in the aftermath of climate change has been resulting in the growth of the electronic vehicle industry worldwide. Different countries, such as Germany, Brazil, India, etc., have been constantly engaged in building up their capabilities to manufacture electric vehicles. These countries are also taking several initiatives, like financial incentives, tax credits, etc., to raise the adoption rate of such vehicles to reduce the carbon footprint of their countries. Hence, this, combined with the rise in the percentage of environmentally responsible consumers, is pushing the growth of the automotive industry. 

Possible Restraint: Numerous Regulatory Norms Related to Coating Powders to Impede the Market Growth

The coating powders, such as TGIC (triglycidyl isocyanurate), TMA (tri-mellitic anhydride), etc., become toxic with the involvement of the resins in the manufacturing process, as when these resins are heated, they breakdown into multiple harmful chemicals. Direct skin contact & breathing in such powders present in the air can lead to significant health hazards such as asthma, dermatitis, skin sensitization, respiratory irritation, and various others. Thus, governments of different regions have laid regulatory measures related to the use of such coatings frequently.

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Answers to Key Questions: Insights Unveiled in the Research Report

  1. What is the estimated CAGR and size of Powder Coatings Market during the forecast period 2023-28?
  2. What are the key trends, market drivers, and opportunities of Powder Coatings Market?
  3. What are the major restraints inhibiting the growth of Powder Coatings Market through 2028?
  4. What are the key strategies implemented by the leading players to sustain the competitive Powder Coatings Market?
  5. Who are the key players & stakeholders operating in Powder Coatings Market, and what is their significance?

Explore the Report's Framework: Get Oriented with the Table of Contents for a Clear Understanding

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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals. Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

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