Epoxy Powder Coatings Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Epoxy Powder Coatings Market Analysis
The epoxy powder coatings market is expected to register a CAGR of over 3% during the forecast period. The major factors driving the market studied include the rising demand from the building and construction industry. The increasing prices of raw materials are expected to significantly hinder the growth of the market studied.
- Asia-Pacific region is expected to dominate the global market during the forecast period.
- Increasing applications of epoxy powder coatings are likely to act as an opportunity in the future.
Epoxy Powder Coatings Market Trends
This section covers the major market trends shaping the Epoxy Powder Coatings Market according to our research experts:
Increasing Demand from Building and Construction Segment
- Building energy efficient retrofits can have unintended consequences, if consideration is not applied while assessing the condition of the house for pre-existing problems and anticipating the possible effects of the retrofit work on building envelope durability, indoor air quality, heating appliance performance, and various other performance-related issues. The most common types of pre-existing problems are moisture problems (water leaks, high humidity, dampness, etc.) in the walls, roof, and floors, indoor air quality problems (odor, pollutant emissions, soil gas, from household products, etc.) and structural sags, cracks, and deflections.
- Reducing unintentional air leakage through the foundations, walls, and ceilings of the house, to improve the energy performance and comfort of the living space through the usage of epoxy powder coatings may stimulate product demand in the construction sector.
- Germany has the largest construction industry in Europe. The residential construction segment is expected to have a moderately high growth. According to industry experts, the recent positive migration to the country is stimulating the demand for new residential construction. About 3.6 million migrants are estimated to arrive in Germany, by 2020, requiring at least 350,000 new dwellings per year, which is expected to boost the construction sector, in turn, boosting the growth of the market studied.
- In India, the government has been actively providing a boost to the housing construction, as it aims to provide homes to about 1.3 billion people. The country is likely to witness around USD 1.3 trillion of investment in housing over the next seven years, with the anticipated construction of 60 million new homes in the country. The availability of affordable housing is expected to increase by around 70%, by 2024, in the country.
- Hence, with such boom in construction activities, the demand for epoxy powder coatings is projected to increase during the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region dominated the global market share. With growing demand from the construction and automotive industries in the countries such as China, India, and Japan, the usage of epoxy powder coatings is increasing in the region.
- China is the world’s second-largest economy in terms of growth and the increasing level of income of the country’s population is further driving the economy.
- Though the economy witnessed a steady growth in the past years, it is likely to recover and expand at a significant rate.
- Under the 13th five-year plan (2016-2020), the Chinese government plans the infrastructure development of 30,000 km of railway lines and 30,000 km of expressways.
- China is one of the major automobile manufacturers of Asia-Pacific and the world. Moreover, many automotive manufacturers have manufacturing units in the country, which contribute to the demand for epoxy powder coatings.
- Additionally, with the consistent economic growth in the Asian countries, such as India, China, Indonesia, Thailand, Malaysia, and Singapore, the demand for the construction of new buildings, both commercial and residential, is consistently increasing, which, in turn, is increasing the demand for epoxy powder coatings in the Asian region.
Epoxy Powder Coatings Industry Overview
The epoxy powder coatings market is partially fragmented in nature. Some of the major players of the market studied include 3M, The Sherwin-Williams Company, PPG Industries, Inc., and Akzo Nobel N.V., among others.
Epoxy Powder Coatings Market Leaders
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3M
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The Sherwin-Williams Company
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PPG Industries, Inc.
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Akzo Nobel N.V.
*Disclaimer: Major Players sorted in no particular order
Epoxy Powder Coatings Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Rising Demand from the Building & Construction Industry
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4.1.2 Increasing Demand for Eco-friendly Coatings
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4.2 Restraints
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4.2.1 Immiscibility with Other coatings
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4.2.2 Increasing Prices of Raw Materials
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4.3 Industry Value-Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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4.5 Regulatory Policy Analysis
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4.6 Price Trends
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5. MARKET SEGMENTATION
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5.1 Coating Type
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5.1.1 Protective Coatings
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5.1.2 Other Coating Types
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5.2 End-user Industry
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5.2.1 Aerospace
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5.2.2 Automotive
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5.2.3 Buildings and Construction
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5.2.4 Energy
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5.2.5 Marine
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5.2.6 Oil and Gas
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 Italy
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5.3.3.4 France
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 3M
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6.4.2 Arkema Group
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6.4.3 Akzo Nobel N.V.
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6.4.4 Axalta Coating Systems
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6.4.5 Berger Paints India Limited
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6.4.6 Diamond Vogel
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6.4.7 Durolac Paints, Inc.
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6.4.8 Hempel A/S
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6.4.9 PPG Industries, Inc.
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6.4.10 SolEpoxy, Inc.
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6.4.11 The Sherwin-Williams Company
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Increasing Applications of Epoxy Powder Coatings
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7.2 Emerging R&D on Coatings to Prevent Pipeline Clogging
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Epoxy Powder Coatings Industry Segmentation
The epoxy powder coatings market includes:
| Coating Type | |
| Protective Coatings | |
| Other Coating Types |
| End-user Industry | |
| Aerospace | |
| Automotive | |
| Buildings and Construction | |
| Energy | |
| Marine | |
| Oil and Gas |
| Geography | |||||||
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Epoxy Powder Coatings Market Research FAQs
What is the current Epoxy Powder Coatings Market size?
The Epoxy Powder Coatings Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Epoxy Powder Coatings Market?
3M, The Sherwin-Williams Company, PPG Industries, Inc. and Akzo Nobel N.V. are the major companies operating in the Epoxy Powder Coatings Market.
Which is the fastest growing region in Epoxy Powder Coatings Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Epoxy Powder Coatings Market?
In 2024, the Asia Pacific accounts for the largest market share in Epoxy Powder Coatings Market.
What years does this Epoxy Powder Coatings Market cover?
The report covers the Epoxy Powder Coatings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Epoxy Powder Coatings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Epoxy Powder Coatings Industry Report
Statistics for the 2024 Epoxy Powder Coatings market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Epoxy Powder Coatings analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
