Powder Coatings Market Size

Powder Coatings Market Size

Powder Coatings Market size exceeded USD 14.52 billion in 2023 and is anticipated to exhibit over 5.5% CAGR from 2024-2032. Growing focus on VOC reduction is estimated to complement the market expansion.

Technological advancements in fluoropolymer powders and polyester-TGIC have enabled the introduction of novel powder coatings which are resistant to fading, durability, and weatherability equivalent to liquid architectural coatings. Outdoor stadium seating, window & door frames, modular furniture, guard rails, light poles, and plumbing fixtures are some of the common architectural applications of powder coatings.
 

High spending on construction activities will creates new business opportunities in the powder coatings industry. Powder-coated products have a widespread application in the architectural sector. These coatings are available in a variety of finishes and colors and offer exceptional durability. Global low temperature powder coatings industry size is anticipated to surpass USD 166.3 million by 2032 driven by increasing focus on sustainability and eco-friendly solutions.
 

Global demand for powder coatings is largely driven by the growth of the infrastructure. The regional government's housing subsidies and socioeconomic development will have a favourable effect on the architectural and decorative market, implicitly promoting industry share. The consumption habits and expectations of consumers in various areas must be taken into account. In negotiations between retailers and producers, the workforce in this sector frequently represents themselves as negotiators. In order to supply specialized shops and hardware stores, wholesale suppliers frequently buy products from manufacturers.
 

The main trends that are being followed by powder coatings market participants include features like affordability, excellent quality, environmental friendliness, quick paint application, and simplicity of use. By publishing their catalogues online and selling their goods through online marketplaces, manufacturers are constantly working to increase their exposure. In order to acquire a competitive edge, major manufacturers are also investing in capacity expansion and hiring industry experts. To guarantee the ongoing retail of their products, manufacturers work to forge direct relationships with consumers. To obtain an advantage in the market, they also employ strategies like growing their product line and creating supply chain agreements.
 

High cost of machinery and tools required in powder coating applications could restrain industry growth. Specialized electrostatic spray equipment is one such tool that is needed for applying powder coating on various surfaces. Technological advancements have improved the way powder coatings are applied. However, sophisticated equipment for powder coating is higher in terms of cost.