According to the recent study the speciality powder coating market is projected to reach an estimated $12.5 billion by 2028 from $9.3 billion in 2023, at a CAGR of 6% from 2023 to 2028. Growth in this market is primarily driven by increasing application of powder coatings on non-residential sectors, and rising demand for low-cost, low VOC, customised, and multi-coloured coatings.
A more than 150 – page report is developed to understand trends, opportunities and forecast in speciality powder coating market by resin type (epoxy, polyester, epoxy-polyester, acrylic, polyurethane, and others), application (consumer goods, architectural, automotive, general industries, furniture, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Polyester market is expected to remain the largest segment during the forecast period.”
Based on resin type, the speciality powder coating market is segmented into epoxy, polyester, epoxy-polyester, acrylic, polyurethane, and others. Lucintel forecasts that the polyester market is expected to remain the largest segment due because of its numerous capabilities, such as chemical resistance, resistance to heat, abrasion resistance, ability to dry quickly, and also helps in surface protection.
“Within the speciality powder coating market, the consumer goods segment is expected to remain the largest application”
Based on application the consumer goods segment is expected to witness the highest growth over the forecast period due to the extensive use of solvent-free, flexible, environment conscious powder coating on consumer items supported by rapid urbanization and improved standard of living.
“Asia pacific will dominate the speciality powder coating market in near future”
APAC will remain the largest region due to increasing government investments in the construction projects and continuous infrastr