Europe Powder Coating Market Size, 2024

Table of Contents
S. No. Contents
1. Powder Coating: An Introduction & Product Classification
2. Research Methodology
3. Executive Summary
4. Global Powder Coating Market Overview
5. Europe Powder Coating Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Resin Chemistry (Polyester, Epoxy Polyester Hybrid, Epoxy, Acrylic, Polyurethane & Others)
5.2.2.
By End User (General Metals, Automotive, Appliances, Architectural, Electronics, Furniture, Retail,
Medical, Others)
5.2.3. By Country (6 Countries)
5.2.4. By Company (up to Leading 5 Companies)
5.3. Market Attractiveness Index (By Country)
6. France Powder Coating Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Resin Chemistry
6.2.2. By End User
6.3. Competition Outlook
6.4. List of 30 End User Companies
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Table of Contents
S. No. Contents
7. Russia Powder Coating Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Resin Chemistry
7.2.2. By End User
7.3. Competition Outlook
7.4. List of 30 End User Companies
8. Poland Powder Coating Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Resin Chemistry
8.2.2. By End User
8.3. Competition Outlook
8.4. List of 30 End User Companies
9. Romania Powder Coating Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Resin Chemistry
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Table of Contents
S. No. Contents
9.2.2. By End User
9.3. Competition Outlook
9.4. List of 30 End User Companies
10. Czech Republic Powder Coating Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Resin Chemistry
10.2.2. By End User
10.3. Competition Outlook
10.4. List of 30 End User Companies
11. Bulgaria Powder Coating Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value & Volume
11.2. Market Share & Forecast
11.2.1. By Resin Chemistry
11.2.2. By End User
11.3. Competition Outlook
11.4. List of 30 End User Companies
12. Market Dynamics
12.1. Drivers
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Table of Contents
S. No. Contents
12.2. Challenges
13. Market Trends & Developments
14. Pricing Analysis
15. Competitive Landscape
15.1. Akzo Nobel N.V.
15.2. Axalta Coating Systems LLP
15.3. The Sherwin Williams Company
15.4. DSM Coating Resins
15.5. Allnex
15.6. The Jotun Group
15.7. PPG industries
15.8. Primatek Coatings OÜ
15.9. CIN Industrial Coatings S.A.
15.10. EMIL FREI GMBH & CO. KG
15.11. Teknos Group
15.12. The Protech-Oxyplast Group
16. Strategic Recommendations
17. About Us & Disclaimer
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Product Overview
Powder coatings are based on polymer resins, combined with curatives, pigments, levelling agents, flow modifiers, and other
additives. These ingredients are melted, mixed, cooled, and grounded into a uniform powder like baking flour. A process called
Electrostatic Spray Deposition (ESD) is typically used to achieve the application of the powder coating to a metal substrate. This
application method uses a spray gun, which applies an electrostatic charge to the powder particles, which are then attracted to the
grounded part.
Powder coating is divided into two main coating systems, namely thermoplastic and thermoset systems, based on resin type.
Thermoplastic coatings are frequently used for items such as mechanical parts and other items that might eventually re-mould.
Thermoplastic coating offers a combination of strength and flexibility and is ideal for items that require both plasticity and durability.
They can be re-melt because no chemical process occurs. Thermoset coatings are ideal for metal items such as electronics and
appliances, because these items must withstand higher amounts of heat than thermoplastic coatings. This type of coating provides
superior chemical and heat resistance, which helps to reinforce the structural integrity of an item.
Market Segmentation
EUROPE POWDER
COATING MARKET
Resin Chemistry
• Polyester
• Epoxy Polyester Hybrids
• Epoxy
• Acrylic
• Polyurethane & Others
End-User
• General Metals
• Furniture
• Appliances
• Automotive
• Architectural
• Retail
• Electronics
• Medical & Others
Country
• Bulgaria
• Poland
• Romania
• Czech Republic
• France
• Russia
• Others
Year Range
Review Period
2014 – 2017
Base Year
2018
Estimated Year
2019
Forecast Period
2020 – 2024
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© TechSci Research
Powder Coating Overview
Europe Powder Coating Market
By Resin Chemistry By End User By Country By Company
• Polyester
• Epoxy Polyester Hybrid
• Epoxy
• Acrylic
• Polyurethane & Others
• General Metals
• Furniture
• Appliances
• Automotive
• Architectural
• Retail
• Electronics
• Medical & Others
• Bulgaria
• Poland
• Romania
• Czech Republic
• France
• Russia
• Others
• Akzo Nobel N.V.
• Axalta Coating
Systems
• The Shewin Williams
• The Jotun Group
• DSM Coatings
• Allnex & Others
• Powder coating is a solvent-free method of coating objects with dry, finely
grounded paint particles. The main benefit of this process is that it avoid the
environmental and economic costs of petroleum solvents used in traditional
liquid coatings.
• Polyester: Polyester powder offers strong adhesion properties and excellent gloss retention when exposed to UV elements. Due
to their strong weathering characteristics and lower chemical resistance, polyester powders are typically used in fencing, outdoor
decorative items as well as lawn and garden furniture.
• Hybrid: Provides excellent flexibility and smoothness, not recommended in applications where weather resistance is critical.
Mostly used for indoor applications.
• Epoxy: Offers excellent adhesion, exhibits a strong resistance to chemicals and corrosion. However, epoxies can only withstand
minimal UV exposure. Over-exposure to UV rays can lead to loss of gloss as well as chalking of the finished product. So, it is
generally used for interior-based products.
• Acrylic: Acrylic powder coatings are smooth, durable, provide finish coating. It features outstanding weatherability and good
chemical, stain, and filiform corrosion resistance.
• Polyurethane: It is used for both decorative and functional products that have exterior exposure, have very strong
weatherability characteristics, offers excellent anti-corrosion performance and resistant to humidity.
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Research Methodology
Market
Profiling
Formulating
Questionnaire
Developing List of
Respondents
Data
Collection
Data
Validation
Data
Analysis
In-depth secondary
research was conducted to
determine top players in
Europe powder coating
market, overall market size
and segmental market size.
In order to conduct
industry experts’
interviews, TechSci
formulated a detailed
discussion guide.
List of industry
players and industry
specialists was
developed.
TechSci conducted
interviews with
industry experts and
industry players for
data collection and
verification.
Data obtained as a
result of primary
and secondary
research was
validated through
rigorous
triangulation.
The data was scrutinized
using MS-Excel, statistical
tools and internal
proprietary database to
obtain qualitative and
quantitative insights about
Europe powder coating
market
Primary Research Desk Research Company Analysis
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
✓
✓
✓
Identifying Key Opinion
Leaders
Questionnaire Design
In-depth Interviews
✓
✓
✓
Recent Trends & Developments
Market Changing
Aspects/Dynamics
Conclusion
✓
✓
Market Participants
Key Strengths
Primary Research
Secondary Research
Paid Sources
✓
✓
LinkedIn
TechSci Internal
Database
✓
✓
✓
✓
✓
✓
✓
Company Websites
Company Annual
Reports
White Paper Study
Financial Reports
Investor Presentations
Regulatory Body
Associations, etc.
✓
✓
Factiva
Hoovers
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© TechSci Research
Research Methodology
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of Europe powder coating market. The team
has analyzed the outlook of various segments of this market, while considering the major influencing factors and speculated
growth during the forecast period. The study includes market forecasting, which would enable our clients to take better decisions
while planning their strategy to achieve sustainability in the Europe powder coating market.
Methodology Followed for Calculation of Market Size:
Market Size by Value & Volume: Market size, in terms of value & volume, for the year 2018 was calculated based on
information collected through exhaustive secondary research and primary surveys, with various key opinion
leaders/stakeholders, such as powder coating manufacturers, end users, industry experts, etc.
The team interviewed more than 30 companies including suppliers, end users, industry experts and other value chain
stakeholders in the Europe powder coating market to obtain the overall market size during 2014-2018, which was validated by
the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market
size data for 2014-2018.
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© TechSci Research
Research Methodology
Respondents were asked about the current and future market growth rates, as well as market shares by resin chemistry, by
end user, by country and by company. Removing the outlier responses, the geometric mean of growth estimates and provider
wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue
shares generated across various segments were further triangulated from other stakeholders.
Methodology Followed for Calculation of Market Shares:
Market shares by resin chemistry, by end user, by country and by company were calculated based on the responses received
through primary surveys with industry experts, in which the respondents were asked about the market shares of the leading
powder coating manufacturers. The final shares were calculated by taking the geometric mean of the responses gathered from
key opinion leaders after eliminating the outliers. Moreover, respondents were asked about the leading companies in the
Europe powder coating market.
Methodology Followed for Forecasting:
TechSci Research performed periodical checks on data collected through the surveys with logical checks and analyzed the
survey results in SPSS/Tableau Software.
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© TechSci Research
Research Methodology
Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast
the Europe powder coating market, TechSci Research used various forecast techniques such as:
o
o
o
o
Moving Average
Time Series Analysis
Regression Analysis
Econometric and Judgmental Analysis
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective countries.
TechSci Research also used the impact analysis during short, medium- and long-term period to estimate and analyze market
demand scenario.
Partial List of Companies
Interviewed
Partial List Secondary
Sources
AkzoNobel N.V., Axalta Coating Systems LLC, The Shewin Williams Company, The Jotun
Group, DSM Coating Resins, Allnex, PPG Industries Inc., Primatek Coatings OÜ, The Protech-
Oxyplast Group, CIN Industrial Coatings S.A., EMIL FREI GMBH & CO. KG, Teknos Group
among others
Company Annual Reports, Industry Magazines, Industry Reports, Company Websites,
European Coatings Journals, Factiva, World Bank, International Monetary Fund, CEPE,
Central Department of Statistics and Information, etc.
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INDUSTRY BRIEF
According to TechSci Research report “Europe Powder Coating Market By Resin Chemistry, By End User, By Country, Competition, Forecast &
Opportunities, 2014 - 2024’’, powder coating market in Europe is forecast to reach $ 3.09 billion by 2024. Environment regulations limiting
Volatile Organic Compounds (VOCs) and waste disposal regulations in Europe are resulting in new product developments by the leading
players. Powder coatings release nearly zero Volatile Organic Compounds (VOCs) and contain no heavy metals (such as lead or chromium),
which are responsible for ozone layer depletion. Moreover, powder coatings have up to 99% active ingredient material that can be recycled,
thereby minimizing waste.
Polyester based power coating dominate the market, as developed countries like Germany, France, Russia & Spain generate huge demand for
polyester based powder coating due to its preference on account of higher outdoor durability. Polyester based powder coating are widely used
in automobile and architectural sectors. Polyester based powder coating gives a uniform quality finish and have a longer life along with being
corrosion resistant.
Some of the major players operating in Europe powder coating market include AkzoNobel N.V., Axalta Coating Systems LLC, The Sherwin
Williams Company, The Jotun Group, DSM Coating Resins, Allnex, PPG Industries Inc., Primatek Coatings OÜ, The Protech-Oxyplast Group,
CIN Industrial Coatings S.A., EMIL FREI GMBH & CO. KG, Teknos Group, among others. Stringent Environmental Norms in Europe regarding
waste disposal and VOC emissions, increasing demand from end user industries and rising customer demand for enhanced performance are
expected to positively influence the powder coating market in Europe during the forecast period.”, said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
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SAMPLE DATA - SNAPSHOT
Europe Powder Coating Market Size, By Value, 2014-2024F (USD Million)
CAGR (2014-2018)
By Value: xx%
CAGR (2019E-2024F)
By Value: xx%
2014 2015 2016 2017 2018 2019E 2020F 2021F 2022F 2023F 2024F
Romania Powder Coating Market Share, By Resin Chemistry, By Volume, 2014-2024F
2014 2015 2016 2017 2018 2019E 2020F 2021F 2022F 2023F 2024F
Epoxy Polyester Hybrid 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%
Polyester 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%
Epoxy 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%
Acrylic 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%
Polyurethane & Others 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%
Romania Powder Coating Market Size, By Volume, 2014-2024F ('000Tonnes)
CAGR (2014-2018)
By Value: xx%
CAGR (2019E-2024F)
By Value: xx%
2014 2015 2016 2017 2018 2019E 2020F 2021F 2022F 2023F 2024F
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