Powder Coatings Market - Forecast 2022-2027

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Powder Coatings MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2022-2027
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• The Powder Coatings Market size is forecasted to
  reach US18.2 billion by 2027 after growing at a
  CAGR of 6.1 during the forecast period
  2022-2027. Powder coating is a dry finishing
  process in which free-flowing, thermoplastic or
  thermoset powder material is applied to a
  surface, melted and then allowed to dry and
  harden into a protective coating.
• Powder coating based on thermoplastic polymers is
  derived from polyolefins, polyvinyl chloride,
  polyvinyl fluoride, polyester and so on whereas
  thermoset-based powder coatings are derived from
  epoxy, polyester, acrylic, polyurethanes and so
  on.
• Powder coating imparts a high-quality, durable
  finish, that allows for improved efficiency and
  is eco-friendly. Powder coatings are based on
  polymer resin systems.

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• Key Takeaways
• The Asia-Pacific region dominates the powder
  coatings market on account of the increasing
  construction activities and the recovering
  automotive industry. According to Invest India,
  the construction industry in India is expected to
  reach 1.4 trillion by 2025.
• There are two types of powder coatings,
  thermoplastic and thermoset. Thermoplastic
  powders are commonly derived from polyolefins,
  polyvinyl chloride and polyvinyl fluoride while
  thermosetting powders are derived from acrylic,
  epoxy and polyester resins.
• Thermoplastic powder coating melts and flows when
  heat is applied but continues to have the same
  chemical composition once it cools and
  solidifies.

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Powder Coatings Market Segment Analysis by
Resin Type The thermoset segment held a dominant
Powder Coatings Market share in 2021 and is
expected to grow at a CAGR of 7.2 during the
forecast period of 2022-2027. In the powder
coating process, as the powder heats and melts it
flows around the surface of the object and
undergoes a chemical change called cross-linking
which forms a hard and durable coating.
Thermosetting coatings do not re-melt when they
are cooled after heat is re-applied. In its
powdered state, thermoset material tends to have
a much lower molecular weight than other coating
materials, usually requiring less heat to melt,
making it more energy efficient.
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• Powder Coatings Market Industry Outlook 
• PPG Industries
• AkzoNobel Powder Coatings
• BASF SE
• Axalta Coating Systems
• The Sherwin Williams Company
• Jotun
• Valspar Corporation
• Nippon Paint Holdings Co. Ltd.
• Kansai Nerolac Paints Limited
• Tiger Coatings

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Powder Coatings Market - Forecast(2022 -
2027) Learn More About the Report _at_
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