PUBLISHER: The Business Research Company | PRODUCT CODE: 1608773
PUBLISHER: The Business Research Company | PRODUCT CODE: 1608773
Metallic powder coating is a finishing technique that involves applying powdered pigments containing metal particles to surfaces, resulting in a shimmering or reflective appearance. This coating process utilizes electrostatic charging to help the powder adhere to the substrate before it is cured with heat.
The main types of metallic powder coating include the bonding process, the blending process, and the extrusion process. The bonding process is a method for joining two materials together, creating a strong and durable connection. It incorporates various resin types such as epoxy polyester, polyester, epoxy, and polyurethane, along with pigments such as aluminum and mica. This process is utilized across multiple sectors, including architectural, automotive, appliance, furniture, and leisure equipment.
The metallic powder coating market research report is one of a series of new reports from The Business Research Company that provides metallic powder coating market statistics, including metallic powder coating industry global market size, regional shares, competitors with a metallic powder coating market share, detailed metallic powder coating market segments, market trends and opportunities, and any further data you may need to thrive in the metallic powder coating industry. This metallic powder coating market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The metallic powder coating market size has grown strongly in recent years. It will grow from $2.22 billion in 2023 to $2.38 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth during the historic period can be attributed to the surge in automotive manufacturing, heightened emphasis on corrosion resistance, the drive for environmentally friendly coatings, and the demand for high-quality aesthetic finishes across various industries.
The metallic powder coating market size is expected to see strong growth in the next few years. It will grow to $3.15 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The anticipated growth during the forecast period can be attributed to the rising demand for environmentally friendly coatings, expansion in the automotive and construction industries, increasing consumer preference for aesthetic finishes, and stricter regulations on volatile organic compounds (VOCs). Key trends in this period include the emergence of eco-friendly formulations, automation in application processes, advancements in multi-layer coating systems, and the integration of smart coatings with enhanced functionality.
The growing production of automobiles is anticipated to drive the expansion of the metallic powder coating market in the future. Automobiles are vehicles primarily designed for transporting passengers on roads, featuring various styles powered by either internal combustion engines or electric motors. The rise in automobile production is fueled by the increasing global demand for personal transportation and the surge in electric vehicles, which are transforming consumer preferences and spurring innovation within the industry. Metallic powder coating is utilized in automobile manufacturing to enhance durability, improve corrosion resistance, and provide a premium metallic finish to vehicle components. For example, in May 2023, the European Automobile Manufacturers Association, a Belgium-based lobbying and standards organization, reported that global motor vehicle production reached 85.4 million in 2022, marking a 5.7% increase from 2021. Thus, the rising production of automobiles is propelling the growth of the metallic powder coating market.
Key players in the metallic powder coating sector are concentrating on developing advanced coating solutions, such as superdurable low-energy powder coatings, to improve finish quality, durability, and environmental resistance. Superdurable low-energy powder coatings provide enhanced durability and resistance to environmental factors while curing at lower temperatures, leading to reduced energy consumption and production costs. For instance, in September 2024, AkzoNobel NV, a Netherlands-based manufacturer of paints and coatings, introduced the Interpon D2525 Low-E range, a series of superdurable low-bake powder coatings designed to protect architectural surfaces in harsh conditions. These innovative coatings can cure at lower temperatures (as low as 150°C), resulting in up to 20% energy savings and 25% faster curing times compared to traditional powders. The Interpon D2525 Low-E coatings are suitable for various metal surfaces, including facades, windows, and railings, offering excellent durability and color retention.
In September 2024, Gleco Plating Inc., a U.S.-based plating service provider, acquired 3-D Powder Coating Pty Ltd. for an undisclosed sum. This acquisition aims to enhance Gleco Plating Inc.'s surface finishing capabilities and service offerings, allowing it to meet the rising demand for high-quality, durable finishes across multiple industries. 3-D Powder Coating Pty Ltd is an Australian company specializing in powder coating solutions for various metal types.
Major companies operating in the metallic powder coating market are The Sherwin-Williams Company, PPG Industries Inc., Axalta Coating Systems LLC, Jotun Powder Coatings, Berger Paints India Limited, Delight Polymers Pvt Ltd, Beckers Group, PEKO Precision Products Inc., HMG Paints Ltd., Tradeindia, Primatek Coatings OU, Protech Group, Prismatic Powders, Technical Glass and Aluminium LLC, Aajjo, All-Color Powder Coating Inc., Archello, Crescent Bronze Powder Co, Nivera Paints, Prism Coating Powder, Ritver Paints and Coatings, SendCutSend LLC, TCI Powder, Tulip Paints, Value Added Coating Solution Private Limited, Zigma Paints Pvt Ltd
Asia-Pacific was the largest region in the metallic powder coating market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the metallic powder coating marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the metallic powder coating marker report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The metallic powder coating market consists of sales of industrial equipment, outdoor furniture, decorative fixtures, lighting fixtures, and electronics. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Metallic Powder Coating Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on metallic powder coating market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for metallic powder coating ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The metallic powder coating market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.