Epoxy Powder Coatings Market Analysis by Mordor Intelligence
The Epoxy Powder Coatings Market is expected to register a CAGR of greater than 3% during the forecast period.
- Asia-Pacific region is expected to dominate the global epoxy powder coatings market during the forecast period.
- Increasing applications of epoxy powder coatings are likely to act as an opportunity in the future.
Global Epoxy Powder Coatings Market Trends and Insights
Increasing Demand from Building and Construction Segment
- Building energy efficient retrofits can have unintended consequences, if consideration is not applied while assessing the condition of the house for pre-existing problems and anticipating the possible effects of the retrofit work on building envelope durability, indoor air quality, heating appliance performance, and various other performance-related issues. The most common types of pre-existing problems are moisture problems (water leaks, high humidity, dampness, etc.) in the walls, roof, and floors, indoor air quality problems (odor, pollutant emissions, soil gas, from household products, etc.) and structural sags, cracks, and deflections.
- Reducing unintentional air leakage through the foundations, walls, and ceilings of the house, to improve the energy performance and comfort of the living space through the usage of epoxy powder coatings may stimulate product demand in the construction sector.
- Germany has the largest construction industry in Europe. The residential construction segment is expected to have a moderately high growth. According to industry experts, the recent positive migration to the country is stimulating the demand for new residential construction. About 3.6 million migrants are estimated to arrive in Germany, by 2020, requiring at least 350,000 new dwellings per year, which is expected to boost the construction sector, in turn, boosting the growth of the market studied.
- In India, the government has been actively providing a boost to the housing construction, as it aims to provide homes to about 1.3 billion people. The country is likely to witness around USD 1.3 trillion of investment in housing over the next seven years, with the anticipated construction of 60 million new homes in the country. The availability of affordable housing is expected to increase by around 70%, by 2024, in the country.
- Hence, with such boom in construction activities, the demand for epoxy powder coatings is projected to increase during the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region dominated the global market share. With growing demand from the construction and automotive industries in the countries such as China, India, and Japan, the usage of epoxy powder coatings is increasing in the region.
- China is the world’s second-largest economy in terms of growth and the increasing level of income of the country’s population is further driving the economy.
- Though the economy witnessed a steady growth in the past years, it is likely to recover and expand at a significant rate.
- Under the 13th five-year plan (2016-2020), the Chinese government plans the infrastructure development of 30,000 km of railway lines and 30,000 km of expressways.
- China is one of the major automobile manufacturers of Asia-Pacific and the world. Moreover, many automotive manufacturers have manufacturing units in the country, which contribute to the demand for epoxy powder coatings.
- Additionally, with the consistent economic growth in the Asian countries, such as India, China, Indonesia, Thailand, Malaysia, and Singapore, the demand for the construction of new buildings, both commercial and residential, is consistently increasing, which, in turn, is increasing the demand for epoxy powder coatings in the Asian region.
Competitive Landscape
The epoxy powder coatings market is partially fragmented in nature. Some of the major players of the market studied include 3M, The Sherwin-Williams Company, PPG Industries, Inc., and Akzo Nobel N.V., among others.
Epoxy Powder Coatings Industry Leaders
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3M
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The Sherwin-Williams Company
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PPG Industries, Inc.
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Akzo Nobel N.V.
- *Disclaimer: Major Players sorted in no particular order
Global Epoxy Powder Coatings Market Report Scope
The epoxy powder coatings market includes:
| Fusion-Bonded Epoxy (FBE) |
| Pure Epoxy |
| Epoxy-Polyester Hybrid |
| Building and Construction |
| Automotive and Transportation |
| Electrical and Electronics |
| Appliances and Furniture |
| Energy (Oil and Gas, Renewables) |
| Marine |
| Aerospace |
| General Industrial |
| Asia-Pacific | China |
| India | |
| Japan | |
| South Korea | |
| ASEAN Countries | |
| Australia and New Zealand | |
| Rest of Asia-Pacific | |
| North America | United States |
| Canada | |
| Mexico | |
| Europe | Germany |
| United Kingdom | |
| France | |
| Italy | |
| Spain | |
| Russia | |
| Rest of Europe | |
| South America | Brazil |
| Argentina | |
| Rest of South America | |
| Middle-East and Africa | Saudi Arabia |
| UAE | |
| Turkey | |
| South Africa | |
| Rest of Middle-East and Africa |
| By Chemistry | Fusion-Bonded Epoxy (FBE) | |
| Pure Epoxy | ||
| Epoxy-Polyester Hybrid | ||
| By End-user Industry | Building and Construction | |
| Automotive and Transportation | ||
| Electrical and Electronics | ||
| Appliances and Furniture | ||
| Energy (Oil and Gas, Renewables) | ||
| Marine | ||
| Aerospace | ||
| General Industrial | ||
| By Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| ASEAN Countries | ||
| Australia and New Zealand | ||
| Rest of Asia-Pacific | ||
| North America | United States | |
| Canada | ||
| Mexico | ||
| Europe | Germany | |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Russia | ||
| Rest of Europe | ||
| South America | Brazil | |
| Argentina | ||
| Rest of South America | ||
| Middle-East and Africa | Saudi Arabia | |
| UAE | ||
| Turkey | ||
| South Africa | ||
| Rest of Middle-East and Africa | ||
Key Questions Answered in the Report
What is the projected value of the epoxy powder coatings market by 2030?
The market is forecasted to reach USD 1.48 billion by 2030, growing at a 5.12% CAGR.
Which chemistry segment dominates sales?
Pure epoxy leads with 47.36% of 2024 revenue, thanks to unmatched chemical resistance.
Which end-user sector is growing fastest?
Automotive and transportation are rising at a 6.34% CAGR due to lightweighting and EV demand.
Which region contributes nearly half of the global demand?
The Asia-Pacific region accounts for 45.72% of 2024 consumption, primarily driven by China and India.
What key advantage drives the adoption of powder coatings over liquid coatings?
Zero-VOC compliance and 95% transfer efficiency reduce emissions and material waste.
How do fast-cure epoxies benefit manufacturers?
Low-bake grades cure below 160 °C, allowing for the coating of plastics and composites without distortion, while reducing energy consumption.
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