Powder Coating Market is predicted to reach USD 22,929.9 million at a CAGR of 6.73% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Powder Coating Market”.

The Powder Coating market is estimated to register a CAGR of 6.73% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Powder Coating market—

BASF SE, Sherwin-Williams, Covestro AG, PPG Industries, and Nippon Paint Holdings Co. Ltd., among others

Market Highlights

The global Powder Coating market accounted for registering a CAGR of 6.73% during the forecast period and is estimated to reach USD 22,929.9 million by 2032.

Powder coating is a dry painting processor method, which help in providing the customized finishes to metal furniture. It allows to choose from a range of colours and textures for every piece they produce, without compromising its features or characteristics. It enhances any metal product with a high finishing. The method of powder coating involves the use of dry, free-flowing, and electrostatically charged resin, which is used for the furniture in even coats, then they are cured in a high-temperature so that it can stay for long period of time and improver the life of the furniture. It starts with cleaning furniture to remove any dirt or grease. The piece is then carefully pre-heated to a specific temperature to assist the powder in adhering to the surface. Next, the powder finish is sprayed onto the furniture using an electrostatic gun. The powder helps in giving the uniform coating. Then, it is cured in a specially designed oven, which help the powder to gain the shape and become hard, which help in getting the attractive finishing. Compared to other finishing methods, powder coating offers a host of benefits. Liquid paint is less durable, and more resistant to scratches and chipping, while electroplating is often expensive, and may not be suitable for all furniture types. Powder coating, on the other hand, delivers a uniform, clean coverage, with reduced emissions, and minimal material waste. Compared to other finishing methods like painting or varnishing, powder coating offers phenomenal longevity. Plus, the extra tough finish means your furniture items will be less likely to corrode. The powder coating process requires fewer materials than other finishing options. With the right tools, powder coating professionals can minimize overspray and waste. Plus, because most of the process is automated, there are fewer labour costs too. What’s more, because powder coated finishes have a much longer lifespan, there are fewer maintenance and repair costs to consider too. Manufacturers may even be able to charge more for their finished products, thanks to their exceptional lifespan. Excellent durability, UV stability, hardness, abrasion resistance and corrosion resistance combined with higher film thicknesses of powder coatings make them ideal for outdoor furniture and equipment which see rough use outdoors. School furniture such as tables and chairs are easy to powder coat. Doorknobs can be powder coated inside or outside. But also powder coatings for kitchens and bathrooms are very suitable and decorative. Having high film weight, they give good abrasion and chemical resistance, and humidity protection.

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Segment Analysis

The global Powder Coating market has been segmented based on Substrate, Resin Type, Coating Method, Application and Region.

The global Powder Coating Market segmentation, based on product has been segmented as Metal and Non-Metal. The Metal segment dominated the market with a revenue share of 93.73% in 2023 and expected to grow at CAGR of 7.82% in the forecast period. Powder coatings are used to coat a variety of materials, including different metals and non-metals. The most common material is metal; however, powder coating is also used to coat wood, plastic, glass, and composites. Metals, without proper finishing, can tarnish and corrode when exposed to water, air, or chemicals. Unfinished parts fabricated from metal are eroded by salts, weakened by ultraviolet light, and rusted by rain. Hence, powder coatings are crucial to make products maintenance-free for regular use, without need for occasional repainting. Powder-coated surfaces can be simply washed with regular detergent and water.

In 2023, The thermoset segment is the dominant resin type segment, with a share of 93.50% in 2023 and a market value of USD 13,975.4 million. Powder coatings are based on different polymer resin systems, combined with curatives, pigments, flow modifiers, leveling agents, and other additives. The two major types of resins used in powder coatings are thermosets and thermoplastics. The thermoset segment is expected to be the larger and faster-growing segment, at a CAGR of 7.76% during the review period.

Regional Analysis

By Region, the Powder Coating market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia Pacific Powder Coating market holds a considerable market share during the forecast period.

Key Findings of the Study

• The global Powder Coating market is expected to reach USD 22,929.9 million by 2032, at a CAGR of 6.73% during the forecast period.


• The Asia Pacific region accounted for the fastest-growing global market.


• BASF SE, Sherwin-Williams, Covestro AG, PPG Industries, and Nippon Paint Holdings Co. Ltd., among others, are the key market players.