Market Overview:
The global thermoset powder coating market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for powder coatings from various end-use industries, such as automotive, appliances & housewares, and architectural applications. In terms of type, the general powder coating segment is expected to dominate the market during the forecast period. However, functional powder coatings are projected to witness higher growth rates owing to their superior properties as compared with general powder coatings. In terms of application, indoor applications are projected to account for a larger share of the global thermoset powder coating market during the forecast period.
Product Definition:
Thermoset powder coating is a type of paint that is applied in powder form and then cured with heat. This results in a hard, durable finish that is resistant to corrosion and scratching. Thermoset powder coatings are often used on metal parts to protect them from rust and corrosion.
Gerneral Powder Coating:
General powder coating is a process of applying a protective finish on metal or plastic parts by using various types of high-pressure air guns, electrostatic precipitators, and rotary air dryers. The general powder coating process includes two major operations namely charging and dispensing.
Functional Powder Coating:
Functional powder coating is a technique of powder coating, which is widely used in the thermoset or thermoplastic industry. Thermoset or thermoplastic materials are mixtures of polymers and cross-linking agents that when heated become rigid and cannot be remolded.
Application Insights:
The indoor application segment accounted for the largest revenue share in 2016 and is projected to witness significant growth over the forecast period. Thermoset powder coatings are used in various interior applications such as kitchen, bathroom, living room and bedroom. The product has a smooth surface which makes it ideal for use in high temperature applications since these surfaces are exposed to extreme heat.
Thermoset powder coatings offer durable protection against scratches, acid rain, water & moisture corrosion and abrasion while maintaining flexibility & luster of the coated object. These properties make them suitable for architectural designs that require extended exposure to environmental factors such as temperature & humidity changes or mechanical stress without suffering damage or wear&tear of coating particles on objects with sharp edges or corners.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and urbanization in the region. The growing construction industry coupled with increasing automotive production in developing economies including China, India, Thailand and Indonesia will drive product demand over the forecast period.
The powder coating process involves application of heat followed by speed which causes minimal VOC emissions as compared to solvent based coatings resulting into an environment friendly environment for growth of industries in this region.
Europe was estimated as a revenue-based segment accounting for 23% share in 2017 on account of high automobile production particularly Germany along with major applications being located within automotive industry due to its well established infrastructure network across countries such as France Italy Spain UK Russia etc.
Growth Factors:
- Increasing demand from automotive and aerospace industries
- Growing popularity of powder coating over liquid coatings
- Rising awareness about the benefits of powder coating over traditional methods
- Technological advancements in the field of powder coating 5. Growing demand for customized coatings
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermoset Powder Coating Market Research Report
By Type
Gerneral Powder Coating, Functional Powder Coating
By Application
Indoor Application, Outdoor/Architectural Application, Automotive Industry, Appliance & Housewares, Others
By Companies
PPG Industries, Akzonobel, Sherwin-Williams, Axalta(Dupont), Valspar Corporation, RPM International, American Powder Coatings, TIGER Drylac, 3M, IFS Coatings, PPG Industries, Nortek Powder Coating, Trimite Powders, Vogel Paint, Midwest Industrial Coatings (MICI), Erie Powder Coatings, Hentzen Coatings, Cardinal Paint
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Thermoset Powder Coating Market Report Segments:
The global Thermoset Powder Coating market is segmented on the basis of:
Types
Gerneral Powder Coating, Functional Powder Coating
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Indoor Application, Outdoor/Architectural Application, Automotive Industry, Appliance & Housewares, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- PPG Industries
- Akzonobel
- Sherwin-Williams
- Axalta(Dupont)
- Valspar Corporation
- RPM International
- American Powder Coatings
- TIGER Drylac
- 3M
- IFS Coatings
- PPG Industries
- Nortek Powder Coating
- Trimite Powders
- Vogel Paint
- Midwest Industrial Coatings (MICI)
- Erie Powder Coatings
- Hentzen Coatings
- Cardinal Paint
Highlights of The Thermoset Powder Coating Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Gerneral Powder Coating
- Functional Powder Coating
- By Application:
- Indoor Application
- Outdoor/Architectural Application
- Automotive Industry
- Appliance & Housewares
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Thermoset Powder Coating Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Thermoset powder coating is a type of powder coating that uses a thermoset resin as the binder. This type of coating is typically used on metal parts that need to be resistant to corrosion and weathering.
Some of the major players in the thermoset powder coating market are PPG Industries, Akzonobel, Sherwin-Williams, Axalta(Dupont), Valspar Corporation, RPM International, American Powder Coatings, TIGER Drylac, 3M, IFS Coatings, PPG Industries, Nortek Powder Coating, Trimite Powders, Vogel Paint, Midwest Industrial Coatings (MICI), Erie Powder Coatings, Hentzen Coatings, Cardinal Paint.
The thermoset powder coating market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermoset Powder Coating Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Thermoset Powder Coating Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Thermoset Powder Coating Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Thermoset Powder Coating Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Thermoset Powder Coating Market Size & Forecast, 2018-2028 4.5.1 Thermoset Powder Coating Market Size and Y-o-Y Growth 4.5.2 Thermoset Powder Coating Market Absolute $ Opportunity
Chapter 5 Global Thermoset Powder Coating Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Thermoset Powder Coating Market Size Forecast by Type
5.2.1 Gerneral Powder Coating
5.2.2 Functional Powder Coating
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Thermoset Powder Coating Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Thermoset Powder Coating Market Size Forecast by Applications
6.2.1 Indoor Application
6.2.2 Outdoor/Architectural Application
6.2.3 Automotive Industry
6.2.4 Appliance & Housewares
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermoset Powder Coating Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Thermoset Powder Coating Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Thermoset Powder Coating Analysis and Forecast
9.1 Introduction
9.2 North America Thermoset Powder Coating Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Thermoset Powder Coating Market Size Forecast by Type
9.6.1 Gerneral Powder Coating
9.6.2 Functional Powder Coating
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Thermoset Powder Coating Market Size Forecast by Applications
9.10.1 Indoor Application
9.10.2 Outdoor/Architectural Application
9.10.3 Automotive Industry
9.10.4 Appliance & Housewares
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Thermoset Powder Coating Analysis and Forecast
10.1 Introduction
10.2 Europe Thermoset Powder Coating Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Thermoset Powder Coating Market Size Forecast by Type
10.6.1 Gerneral Powder Coating
10.6.2 Functional Powder Coating
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Thermoset Powder Coating Market Size Forecast by Applications
10.10.1 Indoor Application
10.10.2 Outdoor/Architectural Application
10.10.3 Automotive Industry
10.10.4 Appliance & Housewares
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Thermoset Powder Coating Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Thermoset Powder Coating Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Thermoset Powder Coating Market Size Forecast by Type
11.6.1 Gerneral Powder Coating
11.6.2 Functional Powder Coating
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Thermoset Powder Coating Market Size Forecast by Applications
11.10.1 Indoor Application
11.10.2 Outdoor/Architectural Application
11.10.3 Automotive Industry
11.10.4 Appliance & Housewares
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Thermoset Powder Coating Analysis and Forecast
12.1 Introduction
12.2 Latin America Thermoset Powder Coating Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Thermoset Powder Coating Market Size Forecast by Type
12.6.1 Gerneral Powder Coating
12.6.2 Functional Powder Coating
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Thermoset Powder Coating Market Size Forecast by Applications
12.10.1 Indoor Application
12.10.2 Outdoor/Architectural Application
12.10.3 Automotive Industry
12.10.4 Appliance & Housewares
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Thermoset Powder Coating Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Thermoset Powder Coating Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Thermoset Powder Coating Market Size Forecast by Type
13.6.1 Gerneral Powder Coating
13.6.2 Functional Powder Coating
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Thermoset Powder Coating Market Size Forecast by Applications
13.10.1 Indoor Application
13.10.2 Outdoor/Architectural Application
13.10.3 Automotive Industry
13.10.4 Appliance & Housewares
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Thermoset Powder Coating Market: Competitive Dashboard
14.2 Global Thermoset Powder Coating Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PPG Industries
14.3.2 Akzonobel
14.3.3 Sherwin-Williams
14.3.4 Axalta(Dupont)
14.3.5 Valspar Corporation
14.3.6 RPM International
14.3.7 American Powder Coatings
14.3.8 TIGER Drylac
14.3.9 3M
14.3.10 IFS Coatings
14.3.11 PPG Industries
14.3.12 Nortek Powder Coating
14.3.13 Trimite Powders
14.3.14 Vogel Paint
14.3.15 Midwest Industrial Coatings (MICI)
14.3.16 Erie Powder Coatings
14.3.17 Hentzen Coatings
14.3.18 Cardinal Paint