Powder Coating Market Size, Share Analysis, Growth, Report & Industry Forecast 2023

According to the new market research report by IMARC Group Powder Coating Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028".

Powder coating is an exceptional dry finishing technique that involves applying an electric charge to a dry powder, which subsequently fuses or adheres to the metal surface. This process is followed by curing in an oven to obtain a seamless coating. Powder coating is renowned for producing a resilient finish that surpasses the durability of traditional paint. Unlike liquid coatings, it doesn't rely on a liquid carrier and can create thicker coatings without the risk of sagging. Moreover, it provides an extensive selection of finishes and offers superior protection against corrosion, scratches, and chipping.

The globalpowder coating market size reached US$ 14.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.6% during 2023-2028.

Currently, the market for powder coating is experiencing significant growth due to several key factors. One of the primary drivers is the growing demand for powder coatings, which are known for their non-toxic nature and reduced flammability when compared to traditional wet spray paints. Furthermore, the increased use of powder coatings, which emit minimal volatile organic compounds (VOCs), is contributing to the market's expansion.

Moreover, the automotive industry is increasingly adopting powder coating to achieve a smooth surface finish on various automobile parts. This trend is positively influencing the market outlook, as powder coatings offer an attractive solution for enhancing the aesthetic appeal and durability of automotive components.

Key Market Segmentation:

The report provides detailed segmentation of the Global Powder Coating Market based resin type, coating method, application and region.

Breakup by Resin Type:

Breakup by Coating Method:

Breakup by Application:

Breakup by Region:

The report provides a comprehensive analysis of the industry key players listed below:

The major players in the market are: Akzo Nobel N.V., Axalta Coating Systems Ltd., BASF SE, Berger Paints India Limited, Covestro AG, Evonik Industries AG, Jotun A/S, Kansai Paint Co. Ltd., KCC Corporation, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., SOMAR Corporation and The Sherwin-Williams Company.

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IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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