Powder coatings market set to soar past US$25.16bn by 2030

08 January 2024

The global powder coatings market size is expected to reach US$25.16bn by 2030 and exhibit a CAGR of 7.8% in the forecast period (2023−2030), according to Skyquest’s latest research report. The growing environmental concerns favouring eco-friendly coating options; increased demand from industries like automotive and construction due to their durability and corrosion resistance; stringent regulations on volatile organic compounds (VOCs) reducing the use of traditional liquid coatings; cost-efficiency and ease of application; rising infrastructure development in emerging economies; and a surge in consumer electronics manufacturing, which requires specialised coatings for aesthetics and protection is fuelling the market’s growth.

According to SkyQuest’s latest global research of the Powder Coatings market, the main drivers of growth are the increasing environmental awareness and regulatory pressure. The adoption of innovative powder coating technologies, such as UV-curable powder coatings, is also on the rise, offering faster curing times and energy savings. Customisation and colour-matching services are gaining importance as industries seek unique and appealing coatings for their products are also trends that aid in the market’s growth.

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