DELRAY BEACH, Fla., May 22, 2026 /PRNewswire/ -- According to MarketsandMarkets, 'Powder Coatings Market by Resin Type (Thermoset and Thermoplastic), End-use Industry (Appliances, Automotive, General Industrial, Architectural, and Furniture), and Region - Global Forecast to 2031', the powder coatings market size was USD 16.30 billion in 2025 and is projected to reach USD 23.07 billion by 2031, at a CAGR of 5.96% between 2025 and 2031.
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Powder Coatings Market Size & Forecast:
- Market Size Available for Years: 2022-2031
- 2025 Market Size: USD 16.30 billion
- 2031 Projected Market Size: USD 23.07 billion
- CAGR (2025-2031): 5.96%
Powder Coatings Market Trends & Insights:
- The growth potential for the powder coatings market is very high in the coming years owing to rising demand from various industry sectors like automobiles, construction, and appliances. One such trend in the market is improving efficiency and reducing costs while maintaining environmental compliance with low-VOC and sustainable coatings. The application of powder coatings provides better performance of surfaces with higher durability, resistance to corrosion and chemicals.
- Asia Pacific dominated the global powder coatings market in 2024, accounting for a share of 58.3%, in terms of value.
- By resin type, the thermoset segment is projected to grow fastest in the powder coatings market, with a CAGR of 6.06%, in terms of value, between 2025 and 2031.
- By end-use industry, the appliance segment dominated the global powder coatings market with a share of 25.1%, in terms of value, in 2024.
- The Sherwin-Williams Company (US), PPG Industries, Inc. (US), and Akzo Nobel N.V. (Netherlands) are identified as key players in the global powder coatings market. These companies have strong market presence and extensive product portfolios.
- 3M (US), SOMAR Corporation (Japan), and Diamond Vogel (US), among other emerging players, have carved out solid positions within specialized niche segments, highlighting their potential to evolve into future market leaders.
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Growth in the powder coatings market has been driven by rising demand across automotive, construction, appliances, and general industrial applications. A preference for environment-friendly, low-VOC, and durable coatings is gaining traction across industries. Moreover, properties like corrosion resistance, durability, and cost-effective application are driving its adoption in metal finishing applications. The rise in manufacturing and infrastructural activities in developing economies further supports the market growth.
By resin type, the thermoplastic segment accounted for a significant market share of the powder coatings market.
By resin type, thermoplastics held a substantial share in the powder coating market in 2024, owing to their good durability, chemical resistance, and ability to provide thick protective coatings without compromising performance. These types of coatings find application in automobiles, electrical, and industrial sectors, which require high impact resistance and durable surface protection. Also, these coatings are reusable and easily processable, thereby fueling demand for thermoplastic coatings in the global market.
By end-use industry, the general industrial segment held the second-largest market share in 2024.
The general industrial sector held the second-largest share of the powder coatings market in 2024, in terms of value. Powder coatings are preferred in this segment for their excellent durability, corrosion resistance, and cost-effective finishing properties. Additionally, increasing demand for high-performance protective coatings in heavy-duty industrial environments further supported market growth.
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Europe was the second-largest market for powder coatings in 2024, in terms of value.
Europe held the second-largest market share of the powder coatings market in 2024 due to the prominence of the automotive, furniture, and industrial manufacturing industries in the region. The stringent environmental laws supporting eco-friendly coating techniques have driven the use of powder coatings in the region. Moreover, rising demand for high-performing, durable surfaces has helped drive the market in Europe.
Key Players
The key players profiled in the report include The Sherwin-Williams Company (US), PPG Industries, Inc. (US), Akzo Nobel N.V. (Netherlands), Jotun (Norway), Asian Paints Limited (India), Kansai Paint Co., Ltd. (Japan), Nippon Paint Holding Co., Ltd. (Japan), RPM International, Inc. (US), Axalta Coating Systems Ltd. (US), and Protech Group (Canada).
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