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Non-Liquid Coating Market

Non-Liquid Coating Market: Information by Resin Type, Coating Method, Substrate End-Use Industry Forecast till 2031

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Market Snapshot

market snapshot
Base Year:
2022
Study Period:
2021-2031
CAGR:
9.5 %
Fastest Growing Market:
North America
Largest Market:
Asia Pacific

Global Statistics Representing Non-Liquid Coating Market Scenario

Non-liquid coating is a form of powder coating which is used to coat end use products to protect them from corrosion and other damages done by the surrounding environment. Powder coating is generally done at a temperature which is almost as high as 350°F. However, there are research projects being undertaken to carry out low temperature powder coating. The procedure for powder coating usually starts with cleaning and is then proceeded by rinsing, phosphating, rinsing, part drying, powder coating and curing. The curing part is energy intensive because the temperature required to convert the powder to liquid is high so as to get the powder flowing on the material.

These coatings are used in a variety of end-use segments such as appliances, automotive, architectural amongst others. non-liquid coatings are used in architectural applications such as in bathroom fixtures, metal gutters, highway signs and structural steel amongst others. the global construction market is estimated to reach USD 8trillion by the year 2030. This is attributed to factors such as heavy investments in construction of infrastructure or in upgradation of existing infrastructure in developed and developing economies. additionally, global vehicle sales have also seen significant rise owing to increasing disposable income. for instance, the global vehicle sales in the year 2017 were around 97million units. Since non-liquid coatings have applications in end-use segments which are directly related to rising consumerism, the market for non-liquid coatings is expected to grow rapidly.

The global non-liquid coating market size was valued at  in 2022. It is projected to reach USD 17.35 billion by 2031, growing at a CAGR of 9.5% during the for USD 7.67 billione forecast period (2023–2031)

 

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Intended Audience

  • Non-liquid coatings Manufacturers
  • Raw Material Suppliers
  • Non-liquid coatings Reselling Companies
  • Potential Investors
  • Research and Development Institutes
  • Traders, Distributors, and Suppliers of Non-liquid coatings

Segmental Insights

Global non-liquid coatings market is segmented by resin type, coating method and end-use industry.

On the basis of resin type, it is segmented into thermoset and thermoplastic. Thermoset resins are expected to have the larger market share owing to its provision of higher thermal protection and thereby lowering chances of melting due to high temperatures. Additionally, they are also cost-effective which makes it all the more favourable to be used as a coating material.

Based on coating method, the market is segmented in electrostatic spray and fluidized bed. Electrostatic spray method is expected to have a larger market share in this market as it is typically used in powder coating on metal substrate.

On the basis of substrate, it is segmented into metallic and non-metallic. Metallic substrate is expected to grow at a higher rate than non-metallic substrate owing to coatings applications in end-use industry which majorly use metals in their final products such as for appliances, automobiles amongst others.

Based on end-user, it is classified into appliances, automotive, general industrial, architectural, furniture. Automotive segment is expected to witness exceptional growth owing to increasing production of automotive and in application of non-liquid coatings in auto parts such as in mufflers, door handles, bumpers amongst others.

Regional Insights

Geographically, the global non-liquid coatings market is segmented into four regions: North America, Europe, Asia Pacific, and Latin America and the Middle East & Africa (LAMEA).

Non-Liquid Coating Market Regional Analysis

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Asia Pacific region is expected to witness exceptional growth in this market. Non-powder coatings are used in end-use industries such as automotive, construction, industrial amongst others in addition to use in coatings of various plastic products. China was one of the highest exporters of plastic related products such as its export value of plastic pipes were around USD 2.4billion, and other plastic products export value was around USD 20billion as of 2017. There has been a rise in construction activities in India owing to schemes such as affordable housing schemes being rolled out by the Indian government. India will be needing an estimated USD 4trillion till 2040 for various infrastructure development. Setting up a production facility in Asia Pacific owing to increase in activities which use non-liquid coatings might help in growing the non-liquid coatings market in Asia Pacific.

North America too is expected to witness significant growth in this market. North American region is sub-segmented into USA, Canada and Mexico. USA will be one of the primary factors to provide substantial growth to this market due to it being one of the economies exporting various industrial equipment such as gas turbines, computers, engine parts which had export value of around USD 31billion, USD 12billion and USD 7billion respectively. additionally, Mexico is also one of the significant exporters of delivery trucks and vehicle parts with export value of around USD 26billion and USD 28billion in the year 2017. Growth in end-use industries which require non-liquid coating is expected to boost the non-liquid coating market significantly.

Europe too is expected to witness considerable growth in this market. this is owed to the presence of several developed economies and presence of prominent automobile manufacturers. Non-liquid coatings are used in automobiles to protect them from corrosion. Europe was one of the highest exporters of cars in the year 2017, with an export value of around USD 397billion.

LAMEA is expected to witness healthy growth in this market. Economies such as Brazil, are expected to return to provide substantial economical gains and industrial progress after the recent economic recession.

Key Players

Some of the key players in this market are PPG Industries Inc., Jotun Powder Coating, Asian Paints Limited, Axalta coating systems LLC, AkzoNobel NV, The Sherwin -Williams Company, Kansai Paints Company Ltd., Evonik Industries, and RPM International, Inc.

Report Scope

Report Metric Details
Market Size USD 17.35 billion by 2031
CAGR CAGR 9.5%
Historical Data 2020-2021
Base Year 2022
Forecast Period 2021-2031
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered by Resin Type, Coating Method, Substrate End-Use Industry
Geographies Covered North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors PPG Industries Inc., Jotun Powder Coating, Asian Paints Limited, Axalta coating systems LLC, AkzoNobel NV, The Sherwin -Williams Company, Kansai Paints Company Ltd., Evonik Industries, and RPM International, Inc.,
Key Market Opportunities Heavy Investments In Construction Of Infrastructure

Non-liquid coatings Market Segmentation

By Resin Type:

  • Thermoset
    • Polyester
    • Epoxy polyester hybrid
    • Epoxy
    • Acrylic
    • Polyurethane
    • Fluoropolymer
  • Thermoplastic
    • Nylon
    • Polyolefin
    • Polyvinyl chloride (PVC)
    • Polyvinyl fluoride (PVF)

By Coating Method

  • Electrostatic Spray
  • Fluidized Bed

By Substrate:

  • Metallic
  • Non-metallic

By End-Use Industry:

  • Appliances
  • Automotive
  • General Industrial
  • Architectural
  • Furniture

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  • Comprehensive competitive landscape mapping with recent development covering market leadership, competency, sustainability, and prospects
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