Powder Coatings Market Size to Lead USD 30.46 Billion by 2034 | Industry Experts Report

The global powder coatings market size is calculated at USD 18.26 billion in 2025 and is expected to reach around USD 30.46 billion by 2034, growing at a CAGR of 5.85% for the forecasted period.

/EIN News/ -- Ottawa, April 14, 2025 (GLOBE NEWSWIRE) -- The global powder coatings market size was valued at USD 17.25 billion in 2024 and is expected to hit around USD 30.46 billion by 2034, growing at a compound annual growth rate (CAGR) of 5.85% from 2024 to 2034. In 2024 Asia Pacific held a dominant market position, capturing more than a 39.85% share and holds a USD 6.87 Billion market value for the year, a study published by Towards chem and Materials a sister firm of Precedence Research.

The market is witnessing significant growth due to rapid shift towards industrialization and urbanization in many regions. This has led to an increased demand of powder coating in the sectors such as automotive, construction, appliances, and furniture.

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Powder Coating Market: Growing Demand & Sustainable Alternatives to Boost the Market 

Powder coating is a dry finishing process used to apply a protective and decorative layer to both metallic and non-metallic products. It has emerged as high-performing segment within the furniture industry, recognized for its durability, eco-friendly properties, and cost-effective application; due to these advantages, powder coating in increasingly being adopted across various industries. Key sectors such as automotive, appliances and furniture are significantly contributing to market expansion, driver by growing demand for high-performance surface finishing solutions.

Furthermore, technological advancements in powder coating processes combined with stringent environmental regulations limiting the use of solvent-based coatings are accelerating the shift towards sustainable alternatives. Its low volatile organic compound content makes it a suitable and safer alternative to traditional solvent-based paints, aligning with global efforts to promote eco-friendliness. Government initiatives aimed at fostering green manufacturing, reducing carbon emission, and supporting technologies have positioned powder coating as a key contributor to environmental goals.

Key Takeaways

• The Asia Pacific powder coatings market size was valued at USD 6.87 billion in 2024 and is expected to reach around USD 12.16 billion by 2034.
• The Asia Pacific region led the market with the revenue share of 39.85% in 2024. The emerging automotive, electronics, and construction sector in the region drives the market growth.
• The Europe has captured revenue share of 30.55% in 2024.
• The North America is anticipated to have significant growth in the market in the forecasted period. the shift towards environmentally friendly coating solutions and rising industrial activities drive the growth of the market in the region.
• By resin, the polyester segment led the market with the largest revenue share of 28.11% in 2024. The increasing demand for durability and high resistance to harsh weather and a changing climate increases the demand and help market grow.
• By resin, the epoxy segment is anticipated to grow significantly in the market during the forecasted period. The adhesive and resistance property against harsh chemicals and weather conditions helps the segment to grow significantly.
• By application, the consumer goods segment accounted for the largest revenue market share, 72.14%, in 2024. The increasing supply and use of commercial transportation in harsh conditions drive the growth of the market.
• By application, the automotive segment is anticipated to grow in the forecasted period. the increasing demand for automotive and awareness of protection film for the vehicle drives the market growth.

Major Applications of Powder Coatings:

The rising pace of industrialization and urbanization in many areas has further increased the demand for powder coating across multiple industries. Powder coating delivers exceptional resistance to corrosion, chemicals, UV rays, and mechanical wear, these are increasing chances of adaptation towards convectional coating more. The key factors driving the market growth is High material utilization, minimal waste, and recyclability of overspray make powder coating an economically favourable solution.

Major Key Trends in Powder Coatings Market

• Shift towards eco-friendly coatings: Increasing demand for low- volatile organic compound (VOC) and sustainable coating solutions is driving the adoption of powder coatings over traditional liquid paints.
• Increased use in architecture and construction: Powder coating is gaining popularity in architectural application for aluminum extrusion, window frames, curtain walls, and building facades due to their weather resistance and longevity.
• Technological advancements: Innovations like ultra-thin film powder coatings, UV-curable powders, and high-temperature resistant formulations are expanding application areas.
• Rising demand for automotive and consumer goods: Automotive components, appliances, and furniture continue to be major consumers due to powder coating’s durability, aesthetics finish, and corrosion resistance.

Limitations & Challenges in Powder Coatings Market

• High initial investment: Advanced application equipment, curing ovens, and automative systems require significant upfront costs, especially for small and medium enterprises.
• Color and thickness restrictions: Achieving ultra-thin or highly detailed coatings can be challenging, and some complex geometrics may lead to uneven deposition.
• Recycling and waste management: while powder overspray can be reclaimed, not all types can be recycled effectively, and contamination may reduce quality.
• Raw material volatility: Fluctuations in the period of polyester, epoxy, and other key resins impact profitability and market sustainability.

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Development of Powder Coatings Market: Redefining the Technologies

Companies are shifting from solvent-based coatings to powder-based solutions due to stricter environmental regulations and to promote eco-conscious innovations. The market is driven by increasing demand for environmentally friendly coatings, regulatory push towards reducing Volatile organic compound, and continuous innovations in technology formulations and applications.

• A recent survey by News channel Nebraska reveled that Asia-pacific region dominated the market with 60% share and an increasing demand can be witnessed for environmentally friendly manufacturing around the regions. The key player in dry coating manufacturing is India and Japan.
  

Advancements such as low-temperature curing-powders, UV curable powder coatings, and hybrid technologies are widening the scope of applications. Additionally, industries such as automotive, appliances, construction, and general industrial manufacturing are increasingly favoring powder coating due to their durability.

Regional Analysis:

Is Asia-pacific setting the path for powder coating?

Asia-pacific dominated the market in 2024, the growth of market was witnessed due to large share of demand and production. This leadership is primarily fueled by rapid urbanization, growing industrialization, and significant expansion in sectors such as automotive, consumer goods, ad construction. Amongst the top-performing countries, China leads with massive manufacturing base and export-driven industries, while India is rapidly expanding due to infrastructure development, rising middle- class consumption and government initiatives such as “Make in India.”

Top Asian Countries’ Powder Coatings Trends

• China: expansive manufacturing sector and greater industrial equipment demand. With a stronger export and import base and increasing infrastructure investment China remains a key global supplier.
• India: The government initiative “made in India” focused on growth of middle class and as well increased automotive and consumer goods manufacturing further accelerating demand.
• Japan: The country’s emphasis on precision, quality, and eco-friendly practices enhances powder coating usage in high-end applications.
• Taiwan: Electronics and industrial manufacturing sectors contribute to steady demand for powder coatings market.

What to Expect in North American Powder Coating Market Till 2034?

North America is witnessing fastest growth in 2024, in the market, due to rising demand for sustainable products, technological upgrades in industrial practices, and increasing adoption of architectural and automative applications. The regions specific focus remains on eco-friendly manufacturing, regulatory compliance and innovative driven production is further fueling the market. The key factors for market growth are superior finish quality, waste management system and advancement of technologies. With growing consumer demand coating market is set to move upwards in trajectory.

Major factors contributing towards growth:

• High adoption of automated and robotic coating systems, as well as innovations in ultra-durable and heat sensitive powder.
• Increasing research and development in this segment for promoting more eco-friendly alternatives around the globe. U.S. is the leading producer of green manufacturing alternatives.
• The market is trying to make it cost-effective and as well this has rose the demand of powder coating amongst various industries.
• Consumer and industrial preference for sustainable products is boosting the popularity of recyclable and low-waste coatings.

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Segment Outlook

By Resin insights:

The polyester segment dominated the market in 2024, the growth was determined due to their excellent weather resistance, durability, and vibrant finish. These coating are extensively used in architectural, outdoor furniture and general industrial applications, thanks to their UV stability and resistance to chalking and fading their versatility and cost-effectiveness make them go-to-choice for both decorative and protective uses.

On the other hand, the epoxy segment is the fastest-growing, particularly in industrial and high-performance settings. Known for their exceptional adhesion, corrosion resistance, and mechanical strength, epoxy-based coatings are gaining momentum in sectors such as electronics, heavy machinery, and pipelines. However, their limited UV resistance confines their use mainly to interior applications or as base coats.

By application insights:

The consumer goods segment leads the market in 2024, the growth of the market was due to high demand of durable, colorful, and scratch-resistance finishes on product like refrigerators, washing machines, microwave ovens and metal furniture. Powder coatings are preferred for their ability to deliver a smooth, uniform finish while reducing environmental impact.

However, the automative segment is experiencing the fastest growth, driven by increasing vehicle production, demand for electric vehicle production, demand for electric vehicles, and growing emphasis on corrosion protection and aesthetics. Powder coatings are now being used for under-hood components, wheels, radiators, bumpers and even body panels offering high term performance.

Recent breakthroughs in the Powder Coatings Market

• On April 2025, Indian Patent team awarded a patent collaborative to Panjab University (PU), Chandigarh and Maulana Azad Bhopal for creating an edible coating to preserve fresh fruits like jamun and apricot.
• On April 2025, RAM mounts ltd announced to open a manufacturing facility in Kelo, Washington to focus on aluminum die casting and powder coating. This expansion is a direct response to increasing demand and aims to enhance production efficiency.
• On March 2025, DVUV launched its redesigned website, to offer users an improved, user-friendly experience with an updated design. The new website aims to educate the market on the benefits of UV cured powder coating for Medium Density Fiberboard (MDF) and other wood-based substrates. With simplicity and functionality in mind, the website has been designed to ensure ease of navigation while providing engaging and educational content.
  

Browse More Insights of Towards Chem and Materials:

• The global concrete floor coatings market size was valued at USD 5.07 billion in 2024 and is expected to reach around USD 8.53 billion by 2034, growing at a CAGR of 5.35% from 2025 to 2034. 
• The global concrete floor coatings market size was reached at USD 3.91 billion in 2024 and is estimated to reach around USD 14.75 billion by 2034, growing at a compound annual growth rate (CAGR) of 14.20% during the forecast period 2025 to 2034.
• The global pipe coatings market size was valued at USD 9.95 billion in 2024 and is growing to approximately USD 16.84 billion by 2034, with a developing compound annual growth rate (CAGR) of 5.40% over the forecast period 2025 to 2034.
• The global nanocoatings market size accounted for USD 16.93 billion in 2024 and is predicted to increase from USD 20.10 billion in 2025 to approximately USD 94.40 billion by 2034, expanding at a CAGR of 18.75% from 2025 to 2034.
• The global self-healing coatings market size accounted for USD 3.21 billion in 2024 and is predicted to increase from USD 4.12 billion in 2025 to approximately USD 39.16 billion by 2034, expanding at a CAGR of 28.42% from 2025 to 2034.
  

Powder Coatings Market Top Key Companies:

• Akzo Nobel N.V. (Netherlands)
• PPG Industries, Inc. (U.S.)
• BASF SE (Germany)
• Jotun (Norway)s
• Axalta Coating Systems, LLC (U.S.)
• The Sherwin-Williams Company (U.S.)
• Asian Paints (India)
• Kansai Nerolac Paints Limited (India)
• TCI Powder (U.S.)
• Berger Paints India Limited (India)

Powder Coatings Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2019 to 2034. For this study, Towards Chem and Materials has segmented the global Powder Coatings Market

By Resin

• Epoxy
• Polyester
• Epoxy-Polyester (Hybrid)
• Acrylic
• Polyurethane
• Others

By Application

• Consumer Goods
• Architectural
• Automotive
• General Industries
• Furniture
• Others

By Regional

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East Africa
  

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