The global powder coating market is projected to grow significantly over the next decade, reaching a valuation of USD 19,463.53 million by 2035, up from USD 12,634.65 million in 2025, according to recent industry analysis. This growth represents a compound annual growth rate (CAGR) of 5.7% during the forecast period of 2025 to 2035.
Powder coating, a dry finishing process that uses finely ground particles of pigment and resin, is increasingly being recognized as a superior alternative to traditional liquid coatings. The coating is applied electrostatically and then cured under heat, creating a smooth, durable, and high-performance finish without the need for solvents. It is most commonly used on metal surfaces but is gaining traction across other substrates as technology advances.
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Powder Coating Market Key Player:
Akzo Nobel N.V.
The Sherwin-Williams Company
PPG Industries, Inc.
Axalta Coating Systems LLC
BASF SE
Jotun A/S
Nippon Paint Holdings Co., Ltd.
RPM International Inc.
Asian Paints Limited
Kansai Paint Co., Ltd.
Berger Paints India Limited
TIGER Coatings GmbH & Co. KG
Valspar Corporation
Teknos
Masco Corporation
Evonik Industries AG
Arkema S.A.
DSM Coating Resins B.V.
3M
Others
Environmental Compliance: A Key Growth Catalyst
One of the primary drivers fueling this robust growth is the rising global demand for eco-friendly, sustainable surface coating solutions. Powder coatings are virtually free from Volatile Organic Compounds (VOCs) and Hazardous Air Pollutants (HAPs)—two categories of emissions that are heavily regulated due to their impact on air quality and human health.
"With stringent environmental regulations like the EU’s REACH (Registration, Evaluation, Authorisation, and Restriction of Chemicals) and the U.S. Environmental Protection Agency’s (EPA) NESHAP standards, industries are under pressure to shift towards cleaner technologies,” stated a senior analyst from Allied Market Research. “Powder coatings help manufacturers meet these standards without compromising on performance or cost-efficiency.”
The European Union has placed increasing regulatory scrutiny on chemicals classified as Substances of Very High Concern (SVHCs), prompting companies to seek safer alternatives. Powder coatings align well with this trend, reducing the administrative burden of compliance while simultaneously enhancing workplace safety and sustainability.
Market Segments:
Powder Coating Market, By Resin Type:
Acrylic
Epoxy
Epoxy-Polyester (Hybrid)
Polyester
Polyurethane
Others
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