Us Thermoset Powder Coating Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Thermoset Powder Coating Market was valued at USD 7.5 Billion in 2022 and is projected to reach USD 12.3 Billion by 2030, growing at a CAGR of 7.9% from 2024 to 2030.
The U.S. thermoset powder coating market is experiencing significant growth, driven by its extensive applications across various industries. In 2023, the thermoset segment dominated the powder coatings market, accounting for 93.50% of the market share, with a value of approximately USD 13,975.4 million. This dominance is projected to continue, with the market expected to reach USD 1.99 billion by 2030, growing at a CAGR of 4% from 2025 to 2030.
Thermoset powder coatings are favored for their superior properties, including excellent adhesion, chemical resistance, and durability. These coatings undergo a chemical cross-linking process during curing, resulting in a hard, infusible finish that doesn't remelt upon reheating. Common resins used include epoxy, polyester, acrylic, and polyurethane, with epoxy and polyester being the most prevalent. Epoxy-based coatings offer robust corrosion resistance, making them ideal for indoor applications, while polyester-based coatings provide exceptional UV resistance, suitable for outdoor use.
The automotive industry significantly contributes to the demand for thermoset powder coatings. These coatings are applied to various vehicle components, offering scratch resistance, corrosion protection, and aesthetic appeal. The surge in automotive production and the emphasis on durable, high-quality finishes have propelled the adoption of thermoset powder coatings in this sector.
In the construction industry, thermoset powder coatings are utilized for metal components such as door frames, window frames, railings, and facades. Their ability to prevent corrosion and withstand environmental factors makes them a preferred choice for enhancing the longevity and appearance of building structures. The trend towards sustainable and green building practices further boosts the demand, as these coatings are solvent-free and emit minimal volatile organic compounds (VOCs).
Appliances represent another vital application area. Thermoset powder coatings provide household appliances with durable, scratch-resistant, and aesthetically pleasing finishes. As consumer demand for high-quality, long-lasting appliances grows, manufacturers increasingly adopt these coatings to meet market expectations.
Despite the positive outlook, challenges such as fluctuating raw material prices and stringent environmental regulations persist. However, the industry's focus on developing eco-friendly, low-VOC formulations and the expansion of application areas present lucrative opportunities for market participants. The U.S. thermoset powder coating market is poised for continued growth, driven by technological advancements and the rising demand across automotive, construction, and appliance industries.
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PPG Industries
Akzonobel
Sherwin-Williams
Axalta(Dupont)
Valspar Corporation
RPM International
American Powder Coatings
TIGER Drylac
3M
IFS Coatings
Masco
Nortek Powder Coating
Trimite Powders
Vogel Paint
Midwest Industrial Coatings (MICI)
Erie Powder Coatings
Hentzen Coatings
Cardinal Paint
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Thermoset Powder Coating Market
Epoxy
Polyester
Hybrid
Polyurethane
Acrylic
Automotive
Furniture
Appliances
Architecture
Industrial Equipment
Aerospace
Construction
Electronics
Consumer Goods
Healthcare
Thermal Resistance
Corrosion Resistance
Chemical Resistance
Gloss Level
Durability
Single Component
Two Component
Multi-Component
Low Temperature Cure
High Temperature Cure
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Thermoset Powder Coating Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Thermoset Powder Coating Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Thermoset Powder Coating Market, By Type
6. Global Thermoset Powder Coating Market, By Application
7. Global Thermoset Powder Coating Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Thermoset Powder Coating Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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