Lucintel's latest market report analyzed that speciality powder coating provides attractive opportunities in the consumer good, architectural, automotive, general industries, and furniture applications. The speciality powder coating market is expected to reach $12.5 billion by 2028 with a CAGR of 6%. In this market, polyester is the largest segment by resin type, whereas consumer goods is largest by application.
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Based on resin type, the speciality powder coating market is segmented into epoxy, polyester, epoxy-polyester, acrylic, polyurethane, and others. The polyester segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to because of its numerous capabilities, such as chemical resistance, resistance to heat, abrasion resistance, ability to dry quickly, and also helps in surface protection.
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The SpecialityPowder Coating Market is marked by the presence of several big and small players. Some of the prominent players offering speciality powder coating include Akzo Nobel, Sherwin-Williams, PPG, BASF SE, and DSM.
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