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Epoxy Powder Coating Market - Forecast(2023 - 2028)
Overview
Epoxy Powder Coating Market is forecast to reach $3.5 billion by 2025, after growing at a CAGR of 4.1% during 2020-2025. The growing demand from end use industries such as construction and the rising trends of technological advancements have led to increase the growth of the market in forecast period. In addition, the impact of COVID-19 on various core industries such as construction, energy, and oil & gas, have become the major factor to constrain the market growth in the year 2020 till mid of 2021.
Key Takeaways
- Epoxy powder coatings witness the higher growth in marine applications. The growing demand of anti-corrosive materials have become the major factor to hinder the marker growth.
- The growing research and development in order to develop binder and pigments has improved the durability of coatings for other severe environments.
- The solvent containing liquid epoxy have also come into picture, which have increased the competition between conventional and new liquid coatings. Owning to its high properties and low cost, various end user industries are using solvent containing liquid epoxy, which have also increased its market growth.
By Classification - Segment Analysis
Fusion bonded epoxy are majorly across various end use industries. Fusion bonded epoxy requires heat to cure and to adhere onto the metal substrate. The raw materials including curing agents are mixed at low temperatures and ground to powders and are sprayed onto a heated substrate. The epoxy cures in the presence of heat to produce a smooth coating of the steel surface. Owning to its high curing ability at low temperature, fusion bonded epoxy is highly applicable for marine coatings, due to this, fusion bonded epoxy is highly applied in present time.
By End-User Industry - Segment Analysis
In 2019, building and construction segment held the largest share of the global epoxy powder coating market. 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 building and construction sector. The growing construction sector in Europe and APAC region have increased the growth of epoxy powder coatings.
Geography - Segment Analysis
APAC held the leading market share in 2019 and is expected to continue its dominance during the forecast period. 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. In addition, 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.
Drivers – Epoxy Powder Coating Market
- The high specific properties of epoxy powder coating that to provide various benefits to the end user industries is driving the growth of the market.
An epoxy powder coating has insulation properties that make it effective as a high dielectric insulator on copper or aluminum conductors. For cable installations, it negates concerns of cut-through or high-voltage spikes providing an insulation that reduces the need for costly and time-consuming lamination processes. In addition, due to its high flexibility, chemical resistance, impact resistance, and durability, the epoxy powder coatings show high advantages to marines, as it can be easily cured in low temperature and takes less time. Owning to this, various marine manufacturers use epoxy powder coatings, which leads to increase the growth of the market.
Challenges – Epoxy Powder Coating Market
- The biggest disadvantage of epoxy powder coating is its well inability to weather, which have become the major factor to constrain the growth of the market.
Epoxy powder coatings, due to its some inability, gets chalk and fade in the sun when subjected to exterior exposure. They tend to degrade after a few months under adverse weather conditions. This is the major factor that constrain the market growth. On the other hand, they are highly suited for indoor applications. In addition, many primers are epoxy-based and exhibit excellent corrosion resistance and abrasion strength. Because they do not function well when subjected to the sun, they are utilized as a precoat underneath other paint types. This covers its weaknesses and utilizes its strengths at the same time., and thus creating the market stability.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Epoxy Powder Coating market. In 2019, the market of Epoxy Powder Coating has been consolidated by the top five players accounting for xx% of the share. Epoxy Powder Coating Market top 10 companies 3M, Arkema Group, Akzo Nobel N.V., Axalta Coating Systems, Berger Paints India Limited, Diamond Vogel, Durolac Paints, Inc., Hempel A/S, PPG Industries, Inc., SolEpoxy, Inc., and The Sherwin-Williams Company, among others.
Acquisitions/Technology Launches:
- In 2018, Estron Chemical, launched functional powder coatings typically refer to those specifically made with fusion bonded epoxy (FBE) used to protect steel pipe, rebar, and metal wire from corrosion.
- Also, Clariant Plastics & Coatings USA, in 2018, expressed the impact of epoxy resins in functional powder coatings. They stated “Epoxy resin prices have been on the upswing, however, and there is an opportunity for other resins to take away some market share in this high-volume business. The growing infrastructure market is also having a positive impact on the demand for functional powder coatings”.
1. Epoxy Powder Coating Market - Overview
1.1 Definitions and Scope
2. Epoxy Powder Coating Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Epoxy Powder Coating Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Epoxy Powder Coating Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Epoxy Powder Coating Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Epoxy Powder Coating Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Epoxy Powder Coating Market - Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
11.1 Epoxy Powder Coating Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Epoxy Powder Coating- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Epoxy Powder Coating- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Epoxy Powder Coating - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Epoxy Powder Coating - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Epoxy Powder Coating Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Epoxy Powder Coating Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Epoxy Powder Coating Market - Key Company List by Country Premium
15. Epoxy Powder Coating Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Akzo Nobel Nv
15.3 Axalta Coating System
15.4 Basf Se
15.5 Berger Paint
15.6 Carpoly
15.7 Chugoku Marine Paint
15.8 Diamond-Vogel
15.9 Evonik Industry Ag
15.10 Hempel
15.11 Jotun A/S
15.12 Kcc Corporation
15.13 Nippon Paint
15.14 Ppg Industry Inc
15.15 Rohm Haas
15.16 Solepoxy
15.17 Solvay Sa
15.18 The Sherwin Williams Company
15.19 Wacker Chemie Ag
15.20 Company 19
15.21 Company 20 & More
16.1 Abbreviations
16.2 Sources
17. Epoxy Powder Coating Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends
1.1 Definitions and Scope
2. Epoxy Powder Coating Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Epoxy Powder Coating Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Epoxy Powder Coating Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Epoxy Powder Coating Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Epoxy Powder Coating Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Epoxy Powder Coating Market - Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Epoxy Powder Coating Market - By Coating Type (Market Size -$Million / $Billion)
8.1 Protective Coatings
9. Epoxy Powder Coating Market - By End-user Industry (Market Size -$Million / $Billion)
9.1 Aerospace
9.2 Automotive
9.3 Building & Construction
9.4 Energy
9.5 Marine
9.6 Oil & Gas
10. Epoxy Powder Coating - By Application (Market Size -$Million / $Billion)
11. Epoxy Powder Coating - By Geography (Market Size -$Million / $Billion)11.1 Epoxy Powder Coating Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Epoxy Powder Coating- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Epoxy Powder Coating- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Epoxy Powder Coating - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Epoxy Powder Coating - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Epoxy Powder Coating Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Epoxy Powder Coating Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Epoxy Powder Coating Market - Key Company List by Country Premium
15. Epoxy Powder Coating Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Akzo Nobel Nv
15.3 Axalta Coating System
15.4 Basf Se
15.5 Berger Paint
15.6 Carpoly
15.7 Chugoku Marine Paint
15.8 Diamond-Vogel
15.9 Evonik Industry Ag
15.10 Hempel
15.11 Jotun A/S
15.12 Kcc Corporation
15.13 Nippon Paint
15.14 Ppg Industry Inc
15.15 Rohm Haas
15.16 Solepoxy
15.17 Solvay Sa
15.18 The Sherwin Williams Company
15.19 Wacker Chemie Ag
15.20 Company 19
15.21 Company 20 & More
*Financials would be provided on a best efforts basis for private companies
16. Epoxy Powder Coating Market - Appendix16.1 Abbreviations
16.2 Sources
17. Epoxy Powder Coating Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends
LIST OF TABLES
LIST OF FIGURES
1.US Epoxy Powder Coating Market Revenue, 2019-2024 ($M)2.Canada Epoxy Powder Coating Market Revenue, 2019-2024 ($M)
3.Mexico Epoxy Powder Coating Market Revenue, 2019-2024 ($M)
4.Brazil Epoxy Powder Coating Market Revenue, 2019-2024 ($M)
5.Argentina Epoxy Powder Coating Market Revenue, 2019-2024 ($M)
6.Peru Epoxy Powder Coating Market Revenue, 2019-2024 ($M)
7.Colombia Epoxy Powder Coating Market Revenue, 2019-2024 ($M)
8.Chile Epoxy Powder Coating Market Revenue, 2019-2024 ($M)
9.Rest of South America Epoxy Powder Coating Market Revenue, 2019-2024 ($M)
10.UK Epoxy Powder Coating Market Revenue, 2019-2024 ($M)
11.Germany Epoxy Powder Coating Market Revenue, 2019-2024 ($M)
12.France Epoxy Powder Coating Market Revenue, 2019-2024 ($M)
13.Italy Epoxy Powder Coating Market Revenue, 2019-2024 ($M)
14.Spain Epoxy Powder Coating Market Revenue, 2019-2024 ($M)
15.Rest of Europe Epoxy Powder Coating Market Revenue, 2019-2024 ($M)
16.China Epoxy Powder Coating Market Revenue, 2019-2024 ($M)
17.India Epoxy Powder Coating Market Revenue, 2019-2024 ($M)
18.Japan Epoxy Powder Coating Market Revenue, 2019-2024 ($M)
19.South Korea Epoxy Powder Coating Market Revenue, 2019-2024 ($M)
20.South Africa Epoxy Powder Coating Market Revenue, 2019-2024 ($M)
21.North America Epoxy Powder Coating By Application
22.South America Epoxy Powder Coating By Application
23.Europe Epoxy Powder Coating By Application
24.APAC Epoxy Powder Coating By Application
25.MENA Epoxy Powder Coating By Application
26.Akzo Nobel Nv, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Axalta Coating System, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Basf Se, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Berger Paint, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Carpoly, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Chugoku Marine Paint, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Diamond-Vogel, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Evonik Industry Ag, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Hempel, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Jotun A/S, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Kcc Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Nippon Paint, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Ppg Industry Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Rohm Haas, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.The Sherwin Williams Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
41.Solepoxy, Sales /Revenue, 2015-2018 ($Mn/$Bn)
42.Solvay Sa, Sales /Revenue, 2015-2018 ($Mn/$Bn)
43.Wacker Chemie Ag, Sales /Revenue, 2015-2018 ($Mn/$Bn)