Powder Coating Market Analysis

Resin Segment Analysis

The polyester segment is projected to account for 27.9% of the global powder coatings market share by 2035, owing to its versatility, durability, and cost-effectiveness. The excellent balance between mechanical performance and chemical resistance is also contributing to the increasing sales of polyester resins. The architectural panels, window frames, and outdoor furniture are some of the prime application areas of polyester powder coatings. The expanding construction and infrastructure projects are set to double the revenues of key players in the years ahead.

Application Segment Analysis

The consumer goods segment is anticipated to capture 25.5% of the global market share through 2035. The combination of durability and aesthetics is expanding the application of power coatings in consumer goods. The propelling trade of home appliances, furniture, electronics, and kitchenware is expected to fuel the consumption of powder coatings in the years ahead. The powder coatings are particularly attractive for metal substrates such as aluminum and steel used in appliances and electronics, offering both protective and decorative benefits. The table below indicates the consumer spending, or personal consumption expenditures, in the U.S.

Source: Bureau of Economic Analysis

Coating Method Segment Analysis

The electrostatic spray segment is anticipated to hold the largest market share throughout the forecast period. The electrostatic spray coating method is most preferred owing to its effectiveness and precision. The high transfer efficiency makes electrostatic spray cost-effective for large-scale industrial applications. Also, the reduced powder waste and minimal VOC emissions are driving the adoption of the electrostatic spray coating method. The automotive and consumer goods sector is expected to lead the demand for electrostatic spray coating technologies.

 Our in-depth analysis of the global market includes the following segments: