Global Metallic Powder Coatings Market Size, Share, and COVID-19 Impact, By Resin Type (Polyester, Hybrid, Epoxy, Polyurethane, Others), Process Type (Bonding/Bonded, Blending, Extrusion), Pigment Type (Aluminium, Mica, Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 - 2032.

Industry: Chemicals & Materials

RELEASE DATE Jul 2023
REPORT ID SI2317
PAGES 200
REPORT FORMAT PathSoft

Global Metallic Powder Coatings Market Insights Forecasts to 2032

  • The Metallic Powder Coatings Market Size was valued at USD 2.9 Billion in 2022.
  • The Market Size is Growing at a CAGR of 8.2% from 2022 to 2032
  • The Worldwide Metallic Powder Coatings Market Size is expected to reach USD 4.1 Billion by 2032
  • North America is expected to grow the fastest during the forecast period

Global Metallic Powder Coatings Market

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The Global Metallic Powder Coatings Market Size is expected to reach USD 4.1 Billion by 2032, at a CAGR of 8.2% during the forecast period 2022 to 2032.

 

Metallic powder coatings are a type of coating that are applied to various items to give them a metallic appearance and a protective finish. They are frequently employed in sectors including transportation, construction, furniture, and appliances. Metallic powder coatings are made up of a combination of metallic particles, pigments, and resins. Aluminium, bronze, or other metals and alloys are frequently used to make the metallic particles. They provide the coated surfaces with exceptional durability and protection, just like other types of powder coatings. They offer resistance to weathering, chemicals, corrosion, UV rays, and impact. Because of this, they can be used both inside and outside. In order to further improve their appearance, metallic powder coatings can go through extra procedures following application. Clear coating, polishing, buffing, or adding unique effects like candy colours or metallic glazes are some of these procedures.

 

Impact of COVID 19 On Global Metallic Powder Coatings Market

The epidemic caused global supply chains to become disrupted, which had an impact on the supply of the raw ingredients and parts needed to produce metallic powder coatings. These interruptions were a result of lockdown procedures, trade limitations, and decreased manufacturing in numerous nations. The pandemic caused numerous infrastructure and building projects to be postponed or delayed. Due to the fact that metallic powder coatings are frequently utilised in architectural applications, this has an impact on demand. Project delays were also exacerbated by the uncertainties and financial restrictions that enterprises had to deal with. People started spending more time at home as a result of the pandemic, changing consumer behaviour. The demand for consumer products, particularly furniture and appliances, which are two of the main markets for metallic powder coatings, was impacted by this change. Although there was initially a reduction in demand, lockdowns also resulted in a greater emphasis on house remodelling and renovation initiatives, which may have partially mitigated the negative effect.

 

Global Metallic Powder Coatings Market Report Coverage

Report CoverageDetails
Base Year:2022
Market Size in 2022 :USD 2.9 Billion
Forecast Period:2022-2032
Forecast Period CAGR 2022-2032 :8.2%
2032 Value Projection:USD 4.1 Billion
Historical Data for:2018-2021
No. of Pages:200
Tables, Charts & Figures:120
Segments covered:By Resin Type, By Region
Companies covered::PPG Industries, Inc., Asian Paints, 3M, Primatek Coatings OÜ, Emil Frei Gmbh & Co. KG, The Sherwin-Williams Company, Jotun, KCC Corporation, Kansai Paint Co. Ltd, Hentzen Coatings, Inc., IGP Pulvertechnik AG, Duluxgroup Ltd., Tiger Coatings Gmbh & Co. KG, SOMAR, Protech Metallic powder coatings Inc., IFS Coatings, Nippon Paints Holdings Co., Ltd., Anhui Meijia New Material Co., Ltd, Neokem, Berger Paints India, Cloverdale Paint Inc., Axalta Coating Systems
Pitfalls & Challenges:COVID-19 Empact,Challenges, Future, Growth, & Analysis

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Key Market Drivers

Automotive, architectural, furniture, appliance, and general industrial sectors are just a few of the many industries that use metallic powder coatings. These industries have a high need for metallic coatings due to their desire for aesthetics, durability, and improved visual appeal. The need for metallic powder coatings is anticipated to grow as these sectors develop. The capabilities and quality of metallic powder coatings have increased as a result of developments in powder coating technology, including advancements in powder compositions, application methods, and curing procedures. These developments have made it possible for producers to provide a wide variety of colours, effects, and textures in order to satisfy changing consumer and industry expectations. In order to offer new products, improve performance features, and satisfy the unique requirements of various industries, manufacturers in the market for metallic powder coatings are constantly investing in research and development operations. By broadening the scope of uses and drawing in new clients, this product development and innovation aid in market expansion.

 

Key Market Challenges

Despite the benefits of metallic powder coatings, end users may not be aware of or comprehend all of the ways in which they can be used. It might be difficult to inform clients about the benefits, performance traits, and prospective uses of metallic powder coatings. For the market to grow, it is essential to raise knowledge of metallic powder coatings and to promote their value proposition. Metallic powder coatings' colour palette is more constrained when compared to liquid coatings, particularly when it comes to vivid and bright hues. It might be difficult to achieve specific colour effects or metallic finishes with powder coatings. Although improvements have been made to broaden the colour spectrum, in some circumstances it is still difficult to match precise colour needs. The market for metallic powder coatings is quite competitive, with a large number of manufacturers offering a variety of goods. Price pressure brought on by competition may have an impact on the producers' profit margins. For businesses to keep a competitive edge, differentiating products based on quality, performance, and distinctive features becomes essential.

 

Market Segmentation

Resin Type Insights

Epoxy segment is dominating the market with the largest market share

On the basis of resin type, the global metallic powder coatings market is segmented into polyester, hybrid, epoxy, polyurethane and others. Among these, epoxy segment is dominating the market with the largest market share over the forecast period. The epoxy segment of the metallic powder coatings market has expanded due to a combination of outstanding performance, a wide range of applications, technological improvements, and rising demand from the construction and automotive industries. The demand for epoxy-based metallic powder coatings is anticipated to stay high in the upcoming years as sectors continue to place a premium on sustainability, durability, and aesthetics. Epoxy-based metallic powder coatings are used in many different industries, including the construction, automotive, appliance, electronics, and general industrial sectors. They are frequently employed to coat metal surfaces, including those of equipment, automobile parts, metal furniture, electrical enclosures, and building materials. Epoxy coatings' market expansion is facilitated by their adaptability.

 

Process Type Insights

Bonding segment accounted the highest market share over the forecast period

Based on the process type, the global metallic powder coatings market is segmented into bonding/bonded, blending and extrusion. Among these, the bonding segment accounted the highest market share over the forecast period. The bonding segment within the metallic powder coatings market has grown as a result of improved adhesion, a variety of applications, technological improvements, and the move towards powder coating solutions. The need for bonding metallic powder coatings is anticipated to stay high in the upcoming years as businesses continue to prioritise strong and long-lasting connections. Many different industries, including the automotive, aerospace, electronics, equipment, and general industrial sectors, use bonding metallic powder coatings. They are frequently applied to parts like fasteners, electrical connectors, heat sinks, and metal parts in assembly operations that need strong adherence. Bonding coatings' commercial expansion is facilitated by their adaptability.

 

Pigment Type Insights

Aluminium segment is dominating the market over the forecast period

On the basis of pigment type, the global metallic powder coatings market is segmented into aluminium, mica and others. Among these, aluminium segment is dominating the market with the largest market share over the forecast period. The aluminium market category within the metallic powder coatings industry has grown as a result of a mix of technological improvements, corrosion resistance, lightweight properties, aesthetic appeal, and sustainability. The demand for metallic powder coatings based on aluminium is anticipated to stay high in the upcoming years as sectors continue to look for lightweight, corrosion-resistant solutions with aesthetic appeal.

 

Regional Insights

Asia Pacific is dominating the market with the largest market share

 

Global Metallic Powder Coatings Market

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Among all other regions, Asia Pacific region is dominating the market with the largest market share over the forecast period. The market for metallic powder coatings in the Asia Pacific region has significant growth opportunities due to a combination of quick industrialization, infrastructure and construction growth, automotive industry expansion, rising environmental awareness, technological advancements, and government support. The need for metallic powder coatings in the area is anticipated to stay robust as industries continue to grow and consumer expectations change.

 

North America is witnessing the fastest market growth over the forecast period. Several significant market participants in the metallic powder coatings sector are based in North America. To suit the demands of numerous industries, these businesses make investments in R&D, production capacity, and customer service. The market is strengthened and innovation is encouraged by the existence of reputable suppliers and manufacturers.


Recent Market Developments

  • In March 2020, Alpha Coating Technologies, a manufacturer of light industrial powder coatings, has been acquired by PPG.

 

List of Key Companies

  • PPG Industries, Inc.
  • Asian Paints
  • 3M
  • Primatek Coatings OÜ
  • Emil Frei Gmbh & Co. KG
  • The Sherwin-Williams Company
  • Jotun
  • KCC Corporation
  • Kansai Paint Co. Ltd
  • Hentzen Coatings, Inc.
  • IGP Pulvertechnik AG
  • Duluxgroup Ltd.
  • Tiger Coatings Gmbh & Co. KG
  • SOMAR
  • Protech Metallic powder coatings Inc.
  • IFS Coatings
  • Nippon Paints Holdings Co., Ltd.
  • Anhui Meijia New Material Co., Ltd
  • Neokem
  • Berger Paints India
  • Cloverdale Paint Inc.
  • Axalta Coating Systems

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global Metallic Powder Coatings Market based on the below-mentioned segments:

 

Metallic Powder Coatings Market, Resin Type Analysis

  • Polyester
  • Hybrid
  • Epoxy
  • Polyurethane
  • Others

 

Metallic Powder Coatings Market, Process Type Analysis

  • Bonding/bonded
  • Blending
  • Extrusion

 

Metallic Powder Coatings Market, Pigment Type Analysis

  • Aluminium
  • Mica
  • Others

 

Metallic Powder Coatings Market, Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

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