분체 코팅 시장 보고서 : 수지 유형, 코팅 방법, 용도, 지역별(2025-2033년)

The global powder coating market size reached USD 15.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 24.1 Billion by 2033, exhibiting a growth rate (CAGR) of 4.69% during 2025-2033. The increasing demand for functional coatings like antimicrobial and heat-resistant varieties, adoption of eco-friendly formulations due to stringent environmental regulations, and expanding applications in the automotive, architecture, and electronics sectors are some of the market growth drivers, catalyzing the market growth.

Global Powder Coating Market Analysis:

• Major Market Drivers: The increasing need for effective, non-volatile organic compounds and solvent-free coating formulations is primarily driving the growth of the powder coating market. In addition to this, the rising product application in construction activities, like polishing or refinishing furniture, is also contributing to the market growth.
• Key Market Trends: The rising environmental concerns are prompting governments of various countries to undertake green initiatives promoting the uptake of eco-friendly coating substances, such as powder coating, to minimize the instances of fire hazards, which is supporting the market growth.
• Competitive Landscape: Some of the leading players operating in the global market include 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, among many others.
• Geographical Trends: The global powder coating market exhibits a diverse geographical landscape with significant activity in regions such as North America, Europe, Asia-Pacific, and Latin America. North America and Europe are growing significantly due to expanding automotive sector and implementation of stringent environmental regulations, favoring powder coatings. The Asia-Pacific region, particularly China and India, are also emerging as a key growth hub on account of rapid industrialization, urbanization, and increasing infrastructure investments.
• Challenges and Opportunities: Challenges in the powder coating market include initial high equipment and setup costs, as well as complexity in achieving thin film applications. Opportunities arise from increasing environmental regulations favoring eco-friendly coatings and growing demand in emerging markets for durable and attractive finishes.

Powder Coating Market Trends:

Emerging Preferences for Green Construction Practices

The escalating utilization of powder coatings in green construction projects owing to their eco-friendly characteristics is one of the significant factors driving the growth of the market. It is applied to various components such as window frames, doors, and facades, offering durable protection against weathering and corrosion without emitting volatile organic compounds (VOCs). Additionally, the government authorities of various nations are promoting the adoption of green construction practices, which is further augmenting the adoption of powder coating. For instance, in 2021, according to the US Green Building Council (USGBC), around 1,105 projects were certified with LEED certification for green buildings in the top ten states of the U.S. with 247 million GSF land. Additionally, the massive growth in the construction sector is anticipated to propel the powder coating market value in the coming years. For instance, according to FIEC, the construction industry witnessed a notable growth in total investment, with 5.2% in 2021, and amounted to EUR 1.6 trillion. The most significant rise in investment was observed in Italy (16.4%), followed by Estonia (10.7%), Greece (10.6%), and France (10.5%).

Growing Product Application in the Automotive Industry

The rising utilization of powder coatings in the automotive sector on account of its durability, aesthetic appeal, and environmental benefits, is offering lucrative growth opportunities to the overall market. Powder coating is applied to vehicle components such as wheels, bumpers, and chassis to provide a tough, scratch-resistant finish that enhances longevity and appearance. Furthermore, rapid growth in the sales of passenger and commercial vehicles is further contributing to the market growth. For instance, India's passenger vehicle wholesales reached a new high of 42,18,746 units in the 2023-24 financial year, an 8.4% increase from the previous year. Similarly, the overall commercial vehicle sales increased from 7,16,566 to 9,62,468 units. Additionally, according to IMARC, the global commercial vehicles market size reached US$ 803.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,114.2 Billion by 2032, exhibiting a growth rate (CAGR) of 3.6% during 2024-2032. Moreover, stringent environmental regulations are prompting automakers towards powder coatings due to their lower VOC emissions compared to traditional liquid coatings. This, in turn, is anticipated to augment the powder coating market size in the coming years.

Increasing Product Offerings

Manufacturers are continually expanding their product lines to cater to specific customer needs and application requirements. They are increasingly developing coatings with enhanced properties such as improved durability, scratch resistance, color options, and specialized functionalities like antimicrobial or heat-resistant coatings. For instance, in January 2024, IFS Coatings (Gainesville, Texas) launched IFS Puroplaz PE16, a tough thermoplastic-modified polyolefin powder coating that is reported to deliver a unique combination of incredible hardness and excellent flexibility, along with high adhesion properties. Similarly, in June 2024, Arkema, a leader in specialty materials, announced the launch of new manufacturing processes that integrate up to 40% post-consumer recycled content from end-of-life packaging products into its powder coating resins. This new technology promises to empower end markets to better respond to increasing societal expectations to preserve resources and reduce climate impact. The expansion of product offerings not only meets evolving market demands but also drives innovation in powder coating technology, encouraging broader adoption across various sectors such as automotive, electronics, and architectural applications.

Global Powder Coating Market Segmentation:

Breakup by Resin Type:

• Thermoset
  • Epoxy
  • Polyester
  • Epoxy Polyester Hybrid
  • Acrylic
• Thermoplastic
  • Polyvinyl Chloride (PVC)
  • Nylon
  • Polyolefin
  • Polyvinylidene Fluoride (PVDF)

The powder coating market report has provided a detailed breakup and analysis of the market based on the resin type. This includes thermoset (epoxy, polyester, epoxy polyester hybrid, and acrylic) and thermoplastic (polyvinyl chloride (PVC), nylon, polyolefin, and polyvinylidene fluoride (PVDF))

Thermoset powder coatings utilize resins that, once cured with heat, chemically crosslink to form a hardened, durable finish. These coatings offer excellent resistance to chemicals, corrosion, and UV degradation, making them suitable for outdoor applications and harsh environments. In contrast, thermoplastic powder coatings use resins that soften when heated and solidify upon cooling without undergoing chemical changes. They offer flexibility, impact resistance, and are often used for applications requiring thick coatings or specific aesthetic finishes. Thermoplastic coatings can be reapplied or re-melted for repairs or recycling, making them versatile in both industrial and consumer product applications.

Breakup by Coating Method:

• Electrostatic Spray
• Fluidized Bed

Electrostatic spray coating involves charging powder particles as they are dispersed from a gun. The charged particles are attracted to the grounded substrate, forming a uniform coating. This method ensures efficient material use and precise application, suitable for complex shapes and large-scale production. Fluidized bed coating immerses preheated substrates into a bed of powder particles suspended by air. The powder adheres to the heated surface, forming a thick, uniform coating. It's ideal for heat-sensitive parts and objects requiring robust protection against abrasion and corrosion, offering a durable finish with minimal waste.

Breakup by Application:

• Consumer Goods
• Appliances
• Automotive
• Architectural
• Agriculture, Construction and Earthmoving Equipment (ACE)
• General Industries
• Others

The escalating utilization of powder coating in the architectural segment is offering lucrative growth opportunities to the overall market. Due to the variety of colors and finishes available in powder coatings, many construction companies are turning to powder coatings to provide long-term exterior finishes for outdoor venues and public work projects. Furthermore, the escalating number of construction projects is projected to increase the uptake of powder coatings in architecture. For instance, according to FIEC, the construction industry witnessed a notable growth in total investment, with 5.2% in 2021, and amounted to EUR 1.6 trillion (~USD 1.70 trillion). The most significant rise in investment was observed in Italy (16.4%), followed by Estonia (10.7%), Greece (10.6%), and France (10.5%). A rapid increase in investment in the European Union is anticipated to trigger growth opportunities for the architectural segment, which in turn would help the development of the powder coating market.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.

The global powder coating market exhibits a diverse geographical landscape with significant activity in regions such as North America, Europe, Asia-Pacific, and Latin America. In the Asia-Pacific region, China and India dominated the global market share due to the rising consumption from the automotive industry, construction activities, and industrial goods. It is augmenting the demand for the powder coatings market in the region. China is experiencing massive growth in its construction sector. According to the National Bureau of Statistics of China, in 2021, the construction output in China was valued at approximately US$ 421.57 Billion. Similarly, in September 2021, Axalta announced that it broke ground to construct a state-of-the-art coatings facility in Jilin City, Jilin Province, North China. Such a significant growth in the construction sector in the Asia Pacific region is anticipated to offer lucrative growth opportunities to the powder coating industry.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the detailed profiles of the following key players:

• 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
• The Sherwin-Williams Company

Key Questions Answered in This Report

• 1.How big is the powder coating market?
• 2.What is the future outlook of powder coating market?
• 3.What are the key factors driving the powder coating market?
• 4.Which region accounts for the largest powder coating market share?
• 5.Which are the leading companies in the global powder coating market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Powder Coating Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Resin Type

• 6.1 Thermoset
  • 6.1.1 Market Trends
  • 6.1.2 Key Segments
    • 6.1.2.1 Epoxy
    • 6.1.2.2 Polyester
    • 6.1.2.3 Epoxy Polyester Hybrid
    • 6.1.2.4 Acrylic
  • 6.1.3 Market Forecast
• 6.2 Thermoplastic
  • 6.2.1 Market Trends
  • 6.2.2 Key Segments
    • 6.2.2.1 Polyvinyl Chloride (PVC)
    • 6.2.2.2 Nylon
    • 6.2.2.3 Polyolefin
    • 6.2.2.4 Polyvinylidene Fluoride (PVDF)
  • 6.2.3 Market Forecast

7 Market Breakup by Coating Method

• 7.1 Electrostatic Spray
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Fluidized Bed
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast

8 Market Breakup by Application

• 8.1 Consumer Goods
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Appliances
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Automotive
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast
• 8.4 Architectural
  • 8.4.1 Market Trends
  • 8.4.2 Market Forecast
• 8.5 Agriculture, Construction and Earthmoving Equipment (ACE)
  • 8.5.1 Market Trends
  • 8.5.2 Market Forecast
• 8.6 General Industries
  • 8.6.1 Market Trends
  • 8.6.2 Market Forecast
• 8.7 Others
  • 8.7.1 Market Trends
  • 8.7.2 Market Forecast

9 Market Breakup by Region

• 9.1 North America
  • 9.1.1 United States
    • 9.1.1.1 Market Trends
    • 9.1.1.2 Market Forecast
  • 9.1.2 Canada
    • 9.1.2.1 Market Trends
    • 9.1.2.2 Market Forecast
• 9.2 Asia-Pacific
  • 9.2.1 China
    • 9.2.1.1 Market Trends
    • 9.2.1.2 Market Forecast
  • 9.2.2 Japan
    • 9.2.2.1 Market Trends
    • 9.2.2.2 Market Forecast
  • 9.2.3 India
    • 9.2.3.1 Market Trends
    • 9.2.3.2 Market Forecast
  • 9.2.4 South Korea
    • 9.2.4.1 Market Trends
    • 9.2.4.2 Market Forecast
  • 9.2.5 Australia
    • 9.2.5.1 Market Trends
    • 9.2.5.2 Market Forecast
  • 9.2.6 Indonesia
    • 9.2.6.1 Market Trends
    • 9.2.6.2 Market Forecast
  • 9.2.7 Others
    • 9.2.7.1 Market Trends
    • 9.2.7.2 Market Forecast
• 9.3 Europe
  • 9.3.1 Germany
    • 9.3.1.1 Market Trends
    • 9.3.1.2 Market Forecast
  • 9.3.2 France
    • 9.3.2.1 Market Trends
    • 9.3.2.2 Market Forecast
  • 9.3.3 United Kingdom
    • 9.3.3.1 Market Trends
    • 9.3.3.2 Market Forecast
  • 9.3.4 Italy
    • 9.3.4.1 Market Trends
    • 9.3.4.2 Market Forecast
  • 9.3.5 Spain
    • 9.3.5.1 Market Trends
    • 9.3.5.2 Market Forecast
  • 9.3.6 Russia
    • 9.3.6.1 Market Trends
    • 9.3.6.2 Market Forecast
  • 9.3.7 Others
    • 9.3.7.1 Market Trends
    • 9.3.7.2 Market Forecast
• 9.4 Latin America
  • 9.4.1 Brazil
    • 9.4.1.1 Market Trends
    • 9.4.1.2 Market Forecast
  • 9.4.2 Mexico
    • 9.4.2.1 Market Trends
    • 9.4.2.2 Market Forecast
  • 9.4.3 Others
    • 9.4.3.1 Market Trends
    • 9.4.3.2 Market Forecast
• 9.5 Middle East and Africa
  • 9.5.1 Market Trends
  • 9.5.2 Market Breakup by Country
  • 9.5.3 Market Forecast

10 SWOT Analysis

• 10.1 Overview
• 10.2 Strengths
• 10.3 Weaknesses
• 10.4 Opportunities
• 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

• 12.1 Overview
• 12.2 Bargaining Power of Buyers
• 12.3 Bargaining Power of Suppliers
• 12.4 Degree of Competition
• 12.5 Threat of New Entrants
• 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

• 14.1 Market Structure
• 14.2 Key Players
• 14.3 Profiles of Key Players
  • 14.3.1 Akzo Nobel N.V.
    • 14.3.1.1 Company Overview
    • 14.3.1.2 Product Portfolio
    • 14.3.1.3 Financials
    • 14.3.1.4 SWOT Analysis
  • 14.3.2 Axalta Coating Systems Ltd.
    • 14.3.2.1 Company Overview
    • 14.3.2.2 Product Portfolio
    • 14.3.2.3 Financials
    • 14.3.2.4 SWOT Analysis
  • 14.3.3 BASF SE
    • 14.3.3.1 Company Overview
    • 14.3.3.2 Product Portfolio
    • 14.3.3.3 Financials
    • 14.3.3.4 SWOT Analysis
  • 14.3.4 Berger Paints India Limited
    • 14.3.4.1 Company Overview
    • 14.3.4.2 Product Portfolio
    • 14.3.4.3 Financials
    • 14.3.4.4 SWOT Analysis
  • 14.3.5 Covestro AG
    • 14.3.5.1 Company Overview
    • 14.3.5.2 Product Portfolio
    • 14.3.5.3 Financials
    • 14.3.5.4 SWOT Analysis
  • 14.3.6 Evonik Industries AG
    • 14.3.6.1 Company Overview
    • 14.3.6.2 Product Portfolio
    • 14.3.6.3 Financials
    • 14.3.6.4 SWOT Analysis
  • 14.3.7 Jotun A/S
    • 14.3.7.1 Company Overview
    • 14.3.7.2 Product Portfolio
    • 14.3.7.3 SWOT Analysis
  • 14.3.8 Kansai Paint Co. Ltd.
    • 14.3.8.1 Company Overview
    • 14.3.8.2 Product Portfolio
    • 14.3.8.3 Financials
    • 14.3.8.4 SWOT Analysis
  • 14.3.9 KCC Corporation
    • 14.3.9.1 Company Overview
    • 14.3.9.2 Product Portfolio
    • 14.3.9.3 Financials
  • 14.3.10 Nippon Paint Holdings Co. Ltd.
    • 14.3.10.1 Company Overview
    • 14.3.10.2 Product Portfolio
    • 14.3.10.3 Financials
    • 14.3.10.4 SWOT Analysis
  • 14.3.11 PPG Industries Inc.
    • 14.3.11.1 Company Overview
    • 14.3.11.2 Product Portfolio
    • 14.3.11.3 Financials
    • 14.3.11.4 SWOT Analysis
  • 14.3.12 RPM International Inc.
    • 14.3.12.1 Company Overview
    • 14.3.12.2 Product Portfolio
    • 14.3.12.3 Financials
    • 14.3.12.4 SWOT Analysis
  • 14.3.13 SOMAR Corporation
    • 14.3.13.1 Company Overview
    • 14.3.13.2 Product Portfolio
    • 14.3.13.3 Financials
  • 14.3.14 The Sherwin-Williams Company
    • 14.3.14.1 Company Overview
    • 14.3.14.2 Product Portfolio
    • 14.3.14.3 Financials
    • 14.3.14.4 SWOT Analysis