Epoxy Powder Coatings Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Coating Type (Protective Coatings and Other Coating Types), End-user Industry (Aerospace, Automotive, Buildings and Construction, Energy, Marine, and Oil and Gas), and Geography.

Market Snapshot

Epoxy Powder Coa
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Key Players:

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Market Overview

The epoxy powder coatings market is expected to register a CAGR of over 3% during the forecast period of 2019 - 2024. The major factors driving the market studied include the rising demand from the building and construction industry. The increasing prices of raw materials is expected to significantly hinder the growth of the market studied.

  • North America is expected to dominate the global market during the forecast period.
  • Increasing applications of epoxy powder coatings is likely to act as an opportunity in the future.

Scope of the Report

The epoxy powder coatings market includes:  

Coating Type
Protective Coatings
Others
End-user Industry
Aerospace
Automotive
Buildings and Construction
Energy
Marine
Oil and Gas
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Growing Demand from the Automotive Industry

  • In the automotive sector, powder coatings are used in the interior and exterior parts of the vehicle, to add a pleasant appeal to vehicles. They are also used in metallic parts, plastic vehicle components of both interior and exterior types.
  • Automotive coatings are used as protection against sunlight, material corrosiveness, and environmental effects, such as acid rain, hot-cold shocks, stone chips, UV radiation, car washing and blowing sand, among others.
  • Over a period of time, various companies have come up with different and new variants in coatings, such as heat and anti-reflective coating, electro-chromatic and smart coatings for windows, self-cleaning top coats, UV curable, powder coating system, iridescent and color changing base coat and abrasion-resistant coatings for head lamps, among others.
  • The automotive industry is expanding rapidly in the country with the higher demand and increase in the income level of consumers. Also, the demand for light vehicles has increased with awareness about fuel efficiency and environmental benefits.
  • With the rapid increase in manufacturing capacities across the globe, the consumption of epoxy powder coatings is also expected to increase during the forecast period.
Epoxy Powder Coa

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China to Dominate the Demand in Asia-Pacific

  • 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.
  • 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.
Epoxy Powder Coa

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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 NV, among others.

Major Players

  1. 3M
  2. Akzo Nobel NV
  3. The Sherwin-Williams Company
  4. PPG Industries Inc.

* Complete list of players covered available in the table of contents below

Epoxy Powder Coa

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rising Demand from the Building & Construction Industry

      2. 4.1.2 Increasing Demand for Eco-friendly Coatings

    2. 4.2 Restraints

      1. 4.2.1 Immiscibility with Other coatings

      2. 4.2.2 Increasing Prices of Raw Materials

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Coating Type

      1. 5.1.1 Protective Coatings

      2. 5.1.2 Others

    2. 5.2 End-user Industry

      1. 5.2.1 Aerospace

      2. 5.2.2 Automotive

      3. 5.2.3 Buildings and Construction

      4. 5.2.4 Energy

      5. 5.2.5 Marine

      6. 5.2.6 Oil and Gas

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Akzo Nobel NV

      3. 6.4.3 Axalta Coating Systems

      4. 6.4.4 Berger Paints India Ltd

      5. 6.4.5 Diamond-Vogel

      6. 6.4.6 Durolac Paints, Inc.

      7. 6.4.7 Hempel

      8. 6.4.8 PPG Industries, Inc.

      9. 6.4.9 SolEpoxy, Inc.

      10. 6.4.10 The Sherwin-Williams Company

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Applications of Epoxy Powder Coatings

    2. 7.2 Emerging R&D on Coatings to Prevent Pipeline Clogging

**Subject to Availability

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