Global Powder Coatings Market Size was $15.02 billion in 2023

Global Powder Coatings Market Overview

According to Global Market Monitor, the global powder coatings market size was $15.02 billion in 2023 with a CAGR of 4.35% from 2023 to 2029.

Powder coating is a solid powdery synthetic resin coating composed of solid resin and pigment, filler, and auxiliary agent.

Market Limitations

Automotive coatings require high weather resistance, high corrosion resistance, and high wear resistance. Therefore, dry powder or slurry liquid powder coatings are used in automotive body coatings, and excellent results are obtained. As the production of automobiles continues to increase, the demand for Powder Coatings market is also rising.It is necessary to vigorously advocate the combination of powder coating production enterprises and coating enterprises, realize the combination of product production and application technology, and vigorously carry out application technology research. On the one hand, it can improve and improve the quality and performance of powder coating products, on the other hand, it can expand the application field of powder coatings, and the market share of powder coatings continues to increase.

Home appliances and housewares are the main application fields. The kitchen and furniture industry is very demanding, requiring four to five coats of paint to meet the eligibility standard. Liquid coatings still dominate the market for coatings such as industrial wood, and water-based coatings are also used. The disadvantage is that it helps the solvent and the moisture volatilizes slowly. Powder coatings avoid the use of various primers and can be applied multiple times to complete solvent-based coatings.

By Type	Thermoset Powder Coating
	Thermoplastic Powder Coating
	The powder coating holds the largest market share.
By Application	General Industry
	Architectural Application
	Automotive Industry
	Appliance & Housewares
	The appliance & housewares segment occupies the biggest share.

For more industry information, please refer to our latest released "2023 Global Powder Coatings Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".