Pure Epoxy Powder Coatings Market- By Type , By Form , By Finish , By Application , By End Use Industry , By Geography - Global Opportunity Analysis & Industry Forecast, 2024 - 2030
Pure Epoxy Powder Coatings Market Overview
The Global Pure Epoxy Powder Coatings market size is forecast to reach US$2.97 billion by 2030 after growing at a CAGR of 6.0% during 2024-2030. Pure epoxy powder coatings are high functional products made up of pure epoxy resins cross-linked with proprietary hardeners. Compared to other type of coatings such as triglycidyl isocyanurate powder coatings, pure epoxy coatings come with robust chemical resistance and corrosion protection, making them suitable for use in a wide spectrum of applications. Pure epoxy powder coatings are extensively used in the construction sector where they are utilized for coating pipes, ceiling panels, concrete floors, and several other construction applications. The construction sector is booming with increasing investment and new construction projects and this is expected to augment the market’s growth during the forecast period. The use of pure epoxy powder coatings under direct sunlight leads to chalking, limiting the functionality of the coatings and this might hamper the market’s growth during the forecast period.
The growing demand for environmentally friendly and sustainable coating solutions. This is propelled by stringent environmental regulations and a shift towards green building practices. Pure epoxy powder coatings, being solvent-free and generating minimal waste, align well with these sustainability goals, making them a preferred choice across various industries including automotive, construction, and electronics. The increasing adoption of advanced coating technologies. Innovations such as improved curing processes, enhanced corrosion resistance, and superior mechanical properties are making pure epoxy powder coatings more versatile and durable. These advancements are broadening their application scope, from traditional uses in metal finishing to emerging sectors like renewable energy and infrastructure projects. As industries continue to prioritize performance and longevity in their products, the integration of cutting-edge epoxy powder coating technologies is set to rise, driving market growth further.
Market Snapshot:
Report Coverage
The “Pure Epoxy Powder Coatings Market Report - Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the pure epoxy powder coatings industry.
By Type: Technical Grade, Industrial Grade, Chemical Grade, Others
By Form: Liquid, Solid
By Finish: Glossy, Semi Glossy, Satin, Matt, Texture, Sand Texture, Others
By Application: Heating and Lighting Equipment, Light Fittings, Internal Auto Components, Household Utensils, Fire Extinguishers, Laboratory Equipment, Water Transmission Pipelines, Metal Cans and Containers, Oil Filters, Control Panels, Garden Equipment, Others
By End Use Industry: Automotive (Passenger Vehicle, Commercial Vehicle), Electrical and Electronics, Construction (Residential, Commercial), Marine, Food and Beverage, Agriculture, Oil and Gas, Furniture, Others
By Geography: North America (USA, Canada, Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, Rest of Asia Pacific), South America (Brazil, Argentina, Colombia and Rest of South America), and RoW (Middle East and Africa).
Pure Epoxy Powder Coatings Market Segment Analysis - By Form
The solid form dominated the global pure epoxy powder coatings market in 2023, with a share of over 65%. Solid form specifically powder form offers formation of thicker and durable coating. Moreover, powder form allows manufacturers to prepare unique blend to match any texture, color, and finish. Owing to such robust properties, market players are focused on strengthening the powder form epoxy coating portfolio. Interpon W involves Interpon W Core range of powder coatings which includes epoxy and epoxy-polyesters and pure polyesters. Such expansion of powder-based epoxy coatings is expected to increase their demand in the market during the forecast period.
Pure Epoxy Powder Coatings Market Segment Analysis - By End Use Industry
The construction sector dominated the global pure epoxy powder coatings market in 2023, with a share of over 24%. The epoxy resin-based pure epoxy powder coatings are extensively used in the construction sector owing to their superior chemical resistance. Pure epoxy powder coatings are used for coating floors, ceilings, pillars, and multiple other construction structures. The construction sector is booming globally with increasing investment and project announcements and this is expected to bolster the market’s growth during the forecast period. For instance,. Such huge growth in the construction sector globally is expected to catapult the use of pure epoxy powder coatings, thereby driving the market’s growth during the forecast period.
Pure Epoxy Powder Coatings Market Segment Analysis - By Geography
The Asia-Pacific region held the largest share in the global pure epoxy powder coatings market in 2023, up to 35%. The high demand for pure epoxy powder coatings is attributed to the booming construction sector in the region. Pure epoxy powder coatings are used in large quantities for protecting several building structures such as facades, pipes, ceilings, pillars, among others. The construction sector in the region is displaying tremendous growth and this is expected to increase the demand for pure epoxy powder coatings during the forecast period. This massive growth in the region’s construction sector is expected to stimulate the demand for pure epoxy powder coatings during the forecast period.
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Pure Epoxy Powder Coatings Market – Drivers
Expanding automotive sector is driving the market’s growth
The automotive sector is one of the important markets for pure epoxy powder coatings. Compared to their counterparts such as triglycidyl isocyanurate powder coatings, the epoxy resin based pure epoxy powder coatings come with superior properties such as excellent corrosion protection and thermal resistance, making them a preferred choice in the automotive sector. The pure epoxy powder coatings are used in interior and exterior trim parts, seats, doors, and several other auto components. The automotive sector is expanding globally with increasing vehicle production and sales and this is expected to amplify the requirement for pure epoxy powder coatings.. Such massive expansion in the automobile sector globally is expected to increase the requirement for pure epoxy powder coatings, ultimately driving the market’s growth during the forecast period.
Booming construction sector is influencing the market’s growth
Pure epoxy powder coatings find their extensive usage in the construction sector. These coatings provide good chemical resistance and protection against abrasion, owing to which they are used in numerous building and construction structures such as concrete floors, roof sheets, pillars, facades, etc. The construction sector is booming globally with increasing investment by governments and new project announcements and this in turn is expected to propel the growth of the market during the forecast period. For instance, according to the data by InvestIndia, construction sector in India is projected to reach US$ 1.4 trillion by 2025. Such a massive boost in the global construction sector is expected to bolster the use of pure epoxy powder coatings, in turn influencing the market’s growth during the forecast period.
Pure Epoxy Powder Coatings Market – Challenges
Insufficient resistance to ultraviolet light might hamper the market’s growth
The pure epoxy powder coatings are prone to chalking when used on outer surfaces or open-air conditions. This has been a challenge in the market and is expected to hamper the market’s growth during the forecast period. The use of pure epoxy powder coatings is restricted as exposure to ultraviolet rays causes chalking. Owing to this, market players and research organizations are looking to improve the quality of epoxy powder coatings to withstand UV rays efficiently. Such limitation of functionality of pure epoxy powder coatings might hamper the market’s growth during the forecast period.
Pure Epoxy Powder Coatings Market Industry Outlook
Investment in R&D activities, acquisitions, product and technology launches are key strategies adopted by players in the global pure epoxy powder coatings market. Global pure epoxy powder coatings top 10 companies include:
- PPG Industries
- Solvay S.A.
- Evonik Industries
- Axalta Coating Systems
- AkzoNobel N.V
- KCC Corporation
- Jotun
- Diamond Vogel
- Carpoly Chemical
- 3M
Recent Developments
- In March 2022, PPG launched its new phenolic epoxy tank coating, PHENGUARD 985, for the marine and tank storage sectors.
- In March 2022, PPG announced the expansion of its AMERLOCK Series of epoxy protective coatings with the launch of PPG AMERLOCK 600.
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LIST OF TABLES
1.Global Pure Epoxy Power Coatings Market, by Type Market 2023-2030 ($M)
2.Global Pure Epoxy Power Coatings Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
3.Global Pure Epoxy Power Coatings Market, by Type Market 2023-2030 (Volume/Units)
4.Global Pure Epoxy Power Coatings Market Analysis and Forecast by Type and Application Market 2023-2030 (Volume/Units)
5.North America Pure Epoxy Power Coatings Market, by Type Market 2023-2030 ($M)
6.North America Pure Epoxy Power Coatings Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
7.South America Pure Epoxy Power Coatings Market, by Type Market 2023-2030 ($M)
8.South America Pure Epoxy Power Coatings Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
9.Europe Pure Epoxy Power Coatings Market, by Type Market 2023-2030 ($M)
10.Europe Pure Epoxy Power Coatings Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
11.APAC Pure Epoxy Power Coatings Market, by Type Market 2023-2030 ($M)
12.APAC Pure Epoxy Power Coatings Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
13.MENA Pure Epoxy Power Coatings Market, by Type Market 2023-2030 ($M)
14.MENA Pure Epoxy Power Coatings Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
LIST OF FIGURES
1.US Global Pure Epoxy Power Coatings Industry Market Revenue, 2023-2030 ($M)
2.Canada Global Pure Epoxy Power Coatings Industry Market Revenue, 2023-2030 ($M)
3.Mexico Global Pure Epoxy Power Coatings Industry Market Revenue, 2023-2030 ($M)
4.Brazil Global Pure Epoxy Power Coatings Industry Market Revenue, 2023-2030 ($M)
5.Argentina Global Pure Epoxy Power Coatings Industry Market Revenue, 2023-2030 ($M)
6.Peru Global Pure Epoxy Power Coatings Industry Market Revenue, 2023-2030 ($M)
7.Colombia Global Pure Epoxy Power Coatings Industry Market Revenue, 2023-2030 ($M)
8.Chile Global Pure Epoxy Power Coatings Industry Market Revenue, 2023-2030 ($M)
9.Rest of South America Global Pure Epoxy Power Coatings Industry Market Revenue, 2023-2030 ($M)
10.UK Global Pure Epoxy Power Coatings Industry Market Revenue, 2023-2030 ($M)
11.Germany Global Pure Epoxy Power Coatings Industry Market Revenue, 2023-2030 ($M)
12.France Global Pure Epoxy Power Coatings Industry Market Revenue, 2023-2030 ($M)
13.Italy Global Pure Epoxy Power Coatings Industry Market Revenue, 2023-2030 ($M)
14.Spain Global Pure Epoxy Power Coatings Industry Market Revenue, 2023-2030 ($M)
15.Rest of Europe Global Pure Epoxy Power Coatings Industry Market Revenue, 2023-2030 ($M)
16.China Global Pure Epoxy Power Coatings Industry Market Revenue, 2023-2030 ($M)
17.India Global Pure Epoxy Power Coatings Industry Market Revenue, 2023-2030 ($M)
18.Japan Global Pure Epoxy Power Coatings Industry Market Revenue, 2023-2030 ($M)
19.South Korea Global Pure Epoxy Power Coatings Industry Market Revenue, 2023-2030 ($M)
20.South Africa Global Pure Epoxy Power Coatings Industry Market Revenue, 2023-2030 ($M)
21.North America Global Pure Epoxy Power Coatings Industry By Application
22.South America Global Pure Epoxy Power Coatings Industry By Application
23.Europe Global Pure Epoxy Power Coatings Industry By Application
24.APAC Global Pure Epoxy Power Coatings Industry By Application
25.MENA Global Pure Epoxy Power Coatings Industry By Application