International. The global powder coatings market registered a value of USD 14.29 billion in 2023 and is projected to grow from USD 15.20 billion in 2024 to USD 24.26 billion in 2032, with a CAGR of 6.0% during the forecast period 2024-2032, according to the Powder Coatings Market Size report, Share & Industry Analysis published by Fortune Business Insights on August 4, 2025.
In terms of share, Asia Pacific dominated the market with a share of 61.65% in 2023. The document indicates that growth in the region responds to the development of the automotive, household appliances, furniture, architectural and construction sectors, especially in India and China. North America, Europe, Latin America and the Middle East and Africa also show expansion prospects linked to construction, electric mobility, the automotive sector and industrial applications.
The report highlights that "Automotive, appliances, architecture, furniture, agriculture, construction and earthmoving equipment (ACE), general industries and other industry verticals are the main consumers of the product."
Powder coatings are valued for their solvent-free formulations, which release negligible amounts of volatile organic compounds (VOCs), as well as offering durability, scratch resistance, and gloss retention. "The Rise of Construction industry has increased demand for these products. The aforementioned factors will drive the growth of the market during the projected period," the report states.
The study also details that the thermoset resins (Thermoset) segment led the global market in 2023, with epoxy polyester standing out as the main sub-segment. In terms of application methods, electrostatic aerosol is projected to be the fastest growing technique by 2032, especially due to the demand for thermoset coatings.
Among the market trends, the shift from conventional liquid coatings to powder coatings is identified, driven by stricter environmental regulations. "As powder coatings are inert and do not require removal or handling, they are safer to use. These coatings are flammable and are much safer to handle," the document details.
