MarkWide Research

Sale!

Pure Epoxy Powder Coatings Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2023-2030

Published Date: October, 2022
No of Pages: 164
Delivery Format: PDF+Excel

$2,950.00

Powder coatings constructed of pure epoxy resin are known as “pure epoxy powder coatings.” These powder coatings are renowned for having exceptional qualities like high chemical and abrasion resistance and high temperature resistance. When these characteristics are necessary, such as in the automobile and aerospace sectors, pure epoxy powder coatings are often employed. The Pure Epoxy Powder Coatings Market is anticipated to expand at a CAGR of 5.5% from 2021 to 2026. The market is fueled by a number of factors, including rising demand from the aerospace and automotive industries as well as the expanding construction sector.

One of the biggest markets for pure epoxy powder coatings is the automotive industry. Many different vehicle parts, including engine blocks, exhaust systems, and suspension sections, are covered with these coatings. During the projection period, the automotive sector is anticipated to expand at a CAGR of 3-4%. The rising demand for cars in emerging nations and customers’ rising disposable incomes are two reasons that are fueling this increase.

Another significant market for pure epoxy powder coatings is the aircraft sector. Many different aircraft parts, including fuselages, wings, and tail sections, are covered with these coatings. During the projection period, the aerospace sector is anticipated to expand at a CAGR of 6–7%. The demand for commercial aircraft is on the rise, and the worldwide tourism sector is also expanding, which are the main drivers of this increase.

Another significant consumer of pure epoxy powder coatings is the building sector. Metal doors and windows, structural steel, and other building materials, among others, are all covered with these coatings. During the projection period, the construction industry is anticipated to expand at a CAGR of 8–10%. Urbanization, industrialization, the expanding construction sector in emerging economies, and other factors all contribute to this expansion.

Pure Epoxy Powder Coatings Market Report Scope and Segmentation

ATTRIBUTESDETAILS
ESTIMATED YEAR2023
BASE YEAR2022
FORECAST YEAR2030
HISTORICAL YEAR2017-2022
UNITValue (USD Million/Billion)
BY REGIONNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa

Challenges for Pure Epoxy Powder Coatings Market
Due to the numerous advantages that this kind of coating provides, the market for epoxy powder coating has been expanding quickly in recent years. To make it even more effective, though, there are still a few issues that must be resolved. Two of the most significant obstacles that must be overcome are listed below:

1. Making Epoxy Powder Coatings More Durable

The need to increase the longevity of these coatings is one of the biggest issues facing the epoxy powder coating business. Epoxy powder coatings are being utilised in a variety of industries, including the aerospace and automotive sectors. They are not as resilient as some of the other coating kinds available on the market, like urethane or polyurethane, though. As a result, they are more susceptible to chipping or flaking off, which can cause significant issues.

There are numerous approaches that can be used to overcome this difficulty. One is to create new epoxy powder coating compositions that are more brittle and flake-resistant. Another is to create brand-new application techniques that can aid in increasing the coatings’ resilience.

2. Epoxy Powder Coating Price Reduction

The necessity of lowering the price of these coatings is another issue that the epoxy powder coating business must deal with. The cost of epoxy powder coatings is currently higher than that of some of the other coatings available. They are not utilised more frequently because of this, among other things.

There are numerous approaches that can be used to overcome this difficulty. One is to create new epoxy powder coating compositions with lower production costs. Another is to create brand-new application techniques that can assist in lowering the price of the coatings. These are just two of the issues that must be resolved if the epoxy powder coating business is to grow even more prosperous. There is no question that the market will continue to expand quickly if these obstacles can be solved.

Key Trends in the Pure Epoxy Powder Coatings Market
From 2019 to 2024, the epoxy powder coatings market is anticipated to expand at a CAGR of 5.3%. Epoxy powder coatings are increasingly in demand from the automotive and general industrial sectors, which is what is driving the market. Epoxy powder coatings are mostly used in the automotive industry, and the Asia-Pacific region has the biggest market for them.

At a CAGR of 5.3% over the forecast period, the epoxy powder coatings market is anticipated to increase from USD 2.0 billion in 2019 to USD 2.6 billion by 2024. Epoxy powder coatings are increasingly in demand from the automotive and general industrial sectors, which is what is driving the market. Epoxy powder coatings are mostly used in the automotive industry, and the Asia-Pacific region has the biggest market for them.

Epoxy powder coatings’ largest market is in the Asia-Pacific region, which is also expected to develop at the greatest CAGR throughout the projection period. The need for epoxy powder coatings in the automotive and general industrial sectors of nations like China, India, and Japan is fueling the growth of the regional market.

Covid-19 Impact on Pure Epoxy Powder Coatings Market
The COVID-19 epidemic has had a substantial influence on the world economy, forcing companies from a variety of industries to adjust how they conduct business in response to the changing environment. The market for pure epoxy powder coatings is only one of many that has been impacted in the chemicals and materials sector.

The market for pure epoxy powder coatings has been significantly harmed in the short term by COVID-19. The pandemic’s onset has resulted in a severe decline in demand from a number of significant end-use industries, including the automobile, building, and electronics sectors. Manufacturers of pure epoxy powder coatings have seen a considerable decline in sales and revenue as a result of this.

The effects of COVID-19 are anticipated to be more variable in the future. The market for pure epoxy powder coatings is anticipated to continue to decline in the short term, but the long-term picture is more encouraging. A number of significant end-use sectors are anticipated to expand their demand for pure epoxy powder coatings as the global economy begins to recover from the epidemic in the upcoming years.

In general, COVID-19 is anticipated to have a short-term detrimental effect on the market for pure epoxy powder coatings but a long-term beneficial effect.

Key Industry Developments Pure Epoxy Powder Coatings Market
The market for epoxy powder coatings is expanding quickly as a result of rising demand from end-use industries. At a CAGR of 6.8% between 2017 and 2023, the market is anticipated to reach USD 7.85 billion by that year. Type, end-use industry, and geography are the key segments used to divide the pure epoxy powder coatings market.

Regular pure epoxy, modified pure epoxy, and ultra-high performance pure epoxy are the three types of pure epoxy available on the market. During the projection period, the modified pure epoxy segment is anticipated to develop at the greatest CAGR. This is because modified pure epoxy powder coatings have such great qualities as high resistance to chemicals, abrasion, and corrosion.

The pure epoxy powder coatings market is segmented by end-use industry into the following categories: appliances, automotive, general industrial, architectural, and others. During the projection period, the automotive segment is anticipated to develop at the greatest CAGR. This is because epoxy powder coatings are increasingly in demand from the automobile industry, which values them for their exceptional qualities such as high resistance to chemicals, abrasion, and corrosion.

Geographically, the market for pure epoxy powder coatings is divided into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). During the projection period, Asia-Pacific is anticipated to be the region with the largest market for pure epoxy powder coatings. The significant market share of this area can be attributed to the rising demand from end-use industries in nations like China, Japan, and India, including the automotive, general industrial, and architecture industries.

Pure Epoxy Powder Coatings Market Conclusion

By 2023, the market for pure epoxy powder coatings is anticipated to grow at a CAGR of 5.8% to reach USD 1,964.4 million. The market is being pushed by the expanding construction sector as well as the rising demand for powder coatings from the auto sector. Pure epoxy powder coatings have the greatest market in Asia-Pacific, followed by North America and Europe.

The main market for powder coatings is the construction sector. The greatest market for powder coatings is in the Asia-Pacific region because of the expanding construction business there. The second-largest consumer of powder coatings is the automotive industry. The desire for lightweight vehicles and the necessity for corrosion-resistant coatings are driving up the demand for powder coatings in the automotive industry.

Based on type, application, and region, the market for pure epoxy powder coatings is divided into submarkets. The market is split into three types: TGIC, non-TGIC, and hybrid. The market is divided into construction, automobile, furniture, appliances, and other categories based on application. The market is examined in terms of North America, Europe, Asia-Pacific, and LAMEA. During the projection period, it is anticipated that the market for pure epoxy powder coatings will expand at a CAGR of 5.8%. The market is being pushed by the expanding construction sector as well as the rising demand for powder coatings from the auto sector.

By TypeTexture Finish, Leatherette Finish, Smooth Finish, Others
By ApplicationIndustrial Pipes, Medical Equipment, Car Accessories, Home Appliance, Furnitures, Ship, Others

Rapid Coat, Fineshine, Color Powder Coating, Fam Powder Coating, Forbidden City Paint, Guangzhou Coaking New Material Technology, Dongyang Zhengchang Power Coating, Marpol, Chempher Coating, Suraj Coats, Neat Koat, Durolac Paints, Sun Coaters.

Why Choose MWR

Quality Research

Our goal is to provide high-quality data that stimulates growth and creates a win-win situations

Unlimited User Access 

We offer Corporate User license access on all our reports in which you can share the report with your entire team without any restrictions

Free Company Inclusion 

We give you an option to include 3-4 additional company players of your choice in our report without any extra charges

Post Sale Assistance

Unlimited post sales service with an account manager dedicated to making sure that all your needs are met

Covid-19 Impact Analysis

All our research report includes latest Covid-19 Impact and its analysis

Download Free Sample PDF

444 Alaska Avenue

Suite #BAA205 Torrance, CA 90503 USA

+1 424 360 2221

24/7 Customer Support

Download Free Sample PDF