Western Europe - Powder Coatings Market by Method and Type - Forecast and Analysis 2023-2027
| Published: Oct 2023 | Pages: 144 | SKU: IRTNTR76329 |
Western Europe - Powder Coatings Market 2023-2027
The Western Europe - powder coatings market size is estimated to grow at a CAGR of 4.12% between 2022 and 2027. The market size is forecast to increase by USD 553.63 million. The growth of the market depends on several factors such as the increased use of fluidized bed process, the rising shift towards sustainable practices, and the growing consumer awareness of powder coatings.
This Western Europe powder coatings market report extensively covers market segmentation by method (electrostatic spray and fluidized bed), and type (thermoset powder coatings and thermoplastic powder coatings). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
What will be the size of the Western Europe Powder Coatings Market During the Forecast Period?
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Western Europe Powder Coatings Market: Key Drivers, Trends and Challenges
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Western Europe Powder Coatings Market Driver
Increased use of fluidized bed processes is the key factor driving the growth of the market. Powder coatings using the fluidized bed process are an alternative method for applying dry powder coatings to three-dimensional objects. The fluidized bed process is appropriate for gaining thicker coatings compared to other powder coating methods. The fluidization of the powder particles in the bed helps to provide an even and consistent coating thickness on all sides of the object.
Furthermore, the curing process for fluidized bed coatings is relatively quick, which can enhance production efficiency. In addition to that, the fluidized bed process can be automated to ensure consistent coating quality and improve productivity. This method can be cost-effective for coating large quantities of objects due to its efficiency and uniform coverage. Hence, such benefits of using fluidized beds will boost the growth of the market during the forecast period.
Key Western Europe Powder Coatings Market Trends
Rising urbanization and infrastructure development is the primary trend shaping market growth. As cities expand, new buildings and infrastructure projects are developed, creating a higher demand for protective and decorative coatings. Powder coatings provide several benefits that align well with the needs of urbanization and infrastructure development. Powder coatings offer a wide range of colors, textures, and finishes, allowing architects and designers to achieve desired aesthetic effects.
In addition, urban expansion contains the design of public spaces, parks, and recreational areas. Powder coatings are used to coat outdoor furniture, playground equipment, and fixtures to provide longevity and safety. Therefore, increasing urbanization and infrastructure development will boost the growth of the Western Europe powder coatings market during the forecast period.
Key Western Europe Powder Coatings Market Challenge
High energy consumption in curing is a challenge that affects the growth of the market. High energy consumption in curing impacts both the cost-effectiveness of the process and its environmental sustainability. The traditional curing process for powder coatings involves heating coated objects in ovens at elevated temperatures. Developing and implementing energy-efficient curing methods, such as infrared curing, UV curing, and microwave curing, is a challenge.
In addition, balancing curing time with energy efficiency is a challenge, especially for high-volume manufacturing. Providing consistent and uniform curing across all coated objects is essential for maintaining high-quality coatings. Variability in curing can lead to defects like orange peel, uneven gloss, or inadequate adhesion. Therefore, the high energy consumption in curing will impede the growth of the market during the forecast period.
Western Europe Powder Coatings Market Customer Landscape
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Western Europe Powder Coatings Market Customer Landscape
Who are the Major Western Europe Powder Coatings Market Companies?
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
- Thermaset Ltd.: The company offers powder coatings such as Nylon Modified Powder Coatings, Polyester Powder Coatings, Antimicrobial Powder Coatings, Epoxy Polyester Powder Coatings, Architectural Qualicoat Powder Coatings.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
- Aalberts Surface Treatment GmbH
- Akzo Nobel NV
- Arkema Group
- Axalta Coating Systems Ltd.
- BASF SE
- Covestro AG
- CWS Powder Coatings GmbH
- J Wagner GMBH
- Kansai Paint Co. Ltd.
- Primatek Coatings OU
- RIPOL Srl
- Solvay SA
- ST Powder Coatings S.p.A.
- The Sherwin Williams Co.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
What is the Largest-Growing Segments in the Western Europe Powder Coatings Market?
The electrostatic spray segment is estimated to witness significant growth during the forecast period. Powder coatings using electrostatic spray are a commonly used method for applying dry powder coatings to various substrates. It applies the application of charged powder particles onto a grounded or oppositely charged substrate, creating an electrostatic attraction that ensures uniform and even coating coverage. The electrostatic process allows for high transfer efficiency, meaning that a significant portion of the powder material adheres to the substrate, minimizing waste.
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The electrostatic spray segment was the largest segment and was valued at USD 1,383.27 million in 2017. Moreover, powder coatings using electrostatic spray offer several advantages, including efficient application, environmental friendliness, and high-quality finishes. These coatings are commonly used in industries such as automotive, furniture, appliances, and architecture, where durable and visually appealing finishes are desired. Thus, these factors will drive the growth of the electrostatic spray segment, which will propel the growth of the Western Europe - powder coatings market during the forecast period.
Segment Overview
The Western Europe powder coatings market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
- Method Outlook (USD Million, 2017 - 2027)
- Electrostatic spray
- Fluidized bed
- Type Outlook (USD Million, 2017 - 2027)
- Thermoset powder coatings
- Thermoplastic powder coatings
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Western Europe Powder Coatings Market Scope |
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Report Coverage |
Details |
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Page number |
144 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.12% |
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Market growth 2023-2027 |
USD 553.63 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
3.54 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Aalberts Surface Treatment GmbH, Akzo Nobel NV, Arkema Group, Axalta Coating Systems Ltd., BASF SE, Covestro AG, CWS Powder Coatings GmbH, J Wagner GMBH, Kansai Paint Co. Ltd., Primatek Coatings OU, RIPOL Srl, Solvay SA, ST Powder Coatings S.p.A., The Sherwin Williams Co., Thermaset Ltd., and Wacker Chemie AG |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Western Europe Powder Coatings Market Research Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the market between 2023 and 2027
- Precise estimation of the market size and its contribution to the market in focus to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the market across Western Europe
- A thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of market companies
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Method
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Western Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Regional - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Western Europe: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Regional - Market size and forecast 2022-2027 ($ million)
4 Historic Market Size
- 4.1 Powder coatings market in Western Europe 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on powder coatings market in western Europe 2017 - 2021 ($ million)
- 4.2 Method Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Method Segment 2017 - 2021 ($ million)
- 4.3 Type Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 22: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 25: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 26: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 27: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 28: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Method
- 6.1 Market segments
- Exhibit 29: Chart on Method - Market share 2022-2027 (%)
- Exhibit 30: Data Table on Method - Market share 2022-2027 (%)
- 6.2 Comparison by Method
- Exhibit 31: Chart on Comparison by Method
- Exhibit 32: Data Table on Comparison by Method
- 6.3 Electrostatic spray - Market size and forecast 2022-2027
- Exhibit 33: Chart on Electrostatic spray - Market size and forecast 2022-2027 ($ million)
- Exhibit 34: Data Table on Electrostatic spray - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Chart on Electrostatic spray - Year-over-year growth 2022-2027 (%)
- Exhibit 36: Data Table on Electrostatic spray - Year-over-year growth 2022-2027 (%)
- 6.4 Fluidized bed - Market size and forecast 2022-2027
- Exhibit 37: Chart on Fluidized bed - Market size and forecast 2022-2027 ($ million)
- Exhibit 38: Data Table on Fluidized bed - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Chart on Fluidized bed - Year-over-year growth 2022-2027 (%)
- Exhibit 40: Data Table on Fluidized bed - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Method
- Exhibit 41: Market opportunity by Method ($ million)
- Exhibit 42: Data Table on Market opportunity by Method ($ million)
7 Market Segmentation by Type
- 7.1 Market segments
- Exhibit 43: Chart on Type - Market share 2022-2027 (%)
- Exhibit 44: Data Table on Type - Market share 2022-2027 (%)
- 7.2 Comparison by Type
- Exhibit 45: Chart on Comparison by Type
- Exhibit 46: Data Table on Comparison by Type
- 7.3 Thermoset powder coatings - Market size and forecast 2022-2027
- Exhibit 47: Chart on Thermoset powder coatings - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Data Table on Thermoset powder coatings - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Chart on Thermoset powder coatings - Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on Thermoset powder coatings - Year-over-year growth 2022-2027 (%)
- 7.4 Thermoplastic powder coatings - Market size and forecast 2022-2027
- Exhibit 51: Chart on Thermoplastic powder coatings - Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Data Table on Thermoplastic powder coatings - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Chart on Thermoplastic powder coatings - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Thermoplastic powder coatings - Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Type
- Exhibit 55: Market opportunity by Type ($ million)
- Exhibit 56: Data Table on Market opportunity by Type ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 58: Chart on Market share by geography - 2022-2027 (%)
- Exhibit 59: Data Table on Market share by geography - 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 60: Chart on Geographic comparison
- Exhibit 61: Data Table on Geographic comparison
- 9.3 Germany - Market size and forecast 2022-2027
- Exhibit 62: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 63: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 64: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 65: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.4 France - Market size and forecast 2022-2027
- Exhibit 66: Chart on France - Market size and forecast 2022-2027 ($ million)
- Exhibit 67: Data Table on France - Market size and forecast 2022-2027 ($ million)
- Exhibit 68: Chart on France - Year-over-year growth 2022-2027 (%)
- Exhibit 69: Data Table on France - Year-over-year growth 2022-2027 (%)
- 9.5 UK - Market size and forecast 2022-2027
- Exhibit 70: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 71: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 73: Data Table on UK - Year-over-year growth 2022-2027 (%)
- 9.6 The Netherlands - Market size and forecast 2022-2027
- Exhibit 74: Chart on The Netherlands - Market size and forecast 2022-2027 ($ million)
- Exhibit 75: Data Table on The Netherlands - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Chart on The Netherlands - Year-over-year growth 2022-2027 (%)
- Exhibit 77: Data Table on The Netherlands - Year-over-year growth 2022-2027 (%)
- 9.7 Rest of Western Europe - Market size and forecast 2022-2027
- Exhibit 78: Chart on Rest of Western Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 79: Data Table on Rest of Western Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Chart on Rest of Western Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 81: Data Table on Rest of Western Europe - Year-over-year growth 2022-2027 (%)
- 9.8 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)
- Exhibit 83: Data Table on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 84: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 85: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 86: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 87: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 88: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 89: Matrix on vendor position and classification
- 12.3 Aalberts Surface Treatment GmbH
- Exhibit 90: Aalberts Surface Treatment GmbH - Overview
- Exhibit 91: Aalberts Surface Treatment GmbH - Product / Service
- Exhibit 92: Aalberts Surface Treatment GmbH - Key offerings
- 12.4 Akzo Nobel NV
- Exhibit 93: Akzo Nobel NV - Overview
- Exhibit 94: Akzo Nobel NV - Business segments
- Exhibit 95: Akzo Nobel NV - Key news
- Exhibit 96: Akzo Nobel NV - Key offerings
- Exhibit 97: Akzo Nobel NV - Segment focus
- 12.5 Arkema Group
- Exhibit 98: Arkema Group - Overview
- Exhibit 99: Arkema Group - Business segments
- Exhibit 100: Arkema Group - Key news
- Exhibit 101: Arkema Group - Key offerings
- Exhibit 102: Arkema Group - Segment focus
- 12.6 Axalta Coating Systems Ltd.
- Exhibit 103: Axalta Coating Systems Ltd. - Overview
- Exhibit 104: Axalta Coating Systems Ltd. - Business segments
- Exhibit 105: Axalta Coating Systems Ltd. - Key offerings
- Exhibit 106: Axalta Coating Systems Ltd. - Segment focus
- 12.7 BASF SE
- Exhibit 107: BASF SE - Overview
- Exhibit 108: BASF SE - Business segments
- Exhibit 109: BASF SE - Key news
- Exhibit 110: BASF SE - Key offerings
- Exhibit 111: BASF SE - Segment focus
- 12.8 Covestro AG
- Exhibit 112: Covestro AG - Overview
- Exhibit 113: Covestro AG - Business segments
- Exhibit 114: Covestro AG - Key news
- Exhibit 115: Covestro AG - Key offerings
- Exhibit 116: Covestro AG - Segment focus
- 12.9 J Wagner GMBH
- Exhibit 117: J Wagner GMBH - Overview
- Exhibit 118: J Wagner GMBH - Product / Service
- Exhibit 119: J Wagner GMBH - Key offerings
- 12.10 Kansai Paint Co. Ltd.
- Exhibit 120: Kansai Paint Co. Ltd. - Overview
- Exhibit 121: Kansai Paint Co. Ltd. - Business segments
- Exhibit 122: Kansai Paint Co. Ltd. - Key offerings
- Exhibit 123: Kansai Paint Co. Ltd. - Segment focus
- 12.11 Primatek Coatings OU
- Exhibit 124: Primatek Coatings OU - Overview
- Exhibit 125: Primatek Coatings OU - Product / Service
- Exhibit 126: Primatek Coatings OU - Key offerings
- 12.12 RIPOL Srl
- Exhibit 127: RIPOL Srl - Overview
- Exhibit 128: RIPOL Srl - Product / Service
- Exhibit 129: RIPOL Srl - Key offerings
- 12.13 Solvay SA
- Exhibit 130: Solvay SA - Overview
- Exhibit 131: Solvay SA - Business segments
- Exhibit 132: Solvay SA - Key news
- Exhibit 133: Solvay SA - Key offerings
- Exhibit 134: Solvay SA - Segment focus
- 12.14 ST Powder Coatings S.p.A.
- Exhibit 135: ST Powder Coatings S.p.A. - Overview
- Exhibit 136: ST Powder Coatings S.p.A. - Product / Service
- Exhibit 137: ST Powder Coatings S.p.A. - Key offerings
- 12.15 The Sherwin Williams Co.
- Exhibit 138: The Sherwin Williams Co. - Overview
- Exhibit 139: The Sherwin Williams Co. - Business segments
- Exhibit 140: The Sherwin Williams Co. - Key news
- Exhibit 141: The Sherwin Williams Co. - Key offerings
- Exhibit 142: The Sherwin Williams Co. - Segment focus
- 12.16 Thermaset Ltd.
- Exhibit 143: Thermaset Ltd. - Overview
- Exhibit 144: Thermaset Ltd. - Product / Service
- Exhibit 145: Thermaset Ltd. - Key offerings
- 12.17 Wacker Chemie AG
- Exhibit 146: Wacker Chemie AG - Overview
- Exhibit 147: Wacker Chemie AG - Business segments
- Exhibit 148: Wacker Chemie AG - Key offerings
- Exhibit 149: Wacker Chemie AG - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 150: Inclusions checklist
- Exhibit 151: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 152: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 153: Research methodology
- Exhibit 154: Validation techniques employed for market sizing
- Exhibit 155: Information sources
- 13.5 List of abbreviations
- Exhibit 156: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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powder coatings market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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