Asia Pacific Powder Coating Market Size & Outlook
Asia Pacific powder coating market, 2018-2030 (US$M)
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Asia Pacific powder coating market highlights
- The Asia Pacific powder coating market generated a revenue of USD 13,559.7 million in 2022.
- The market is expected to grow at a CAGR of 5.5% from 2023 to 2030.
- In terms of segment, consumer goods was the largest revenue generating application in 2022.
- Consumer Goods is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 13,559.7 million |
| Market revenue in 2030 | USD 20,813.7 million |
| Growth rate | 5.5% (CAGR from 2022 to 2030) |
| Largest segment | Consumer goods |
| Fastest growing segment | Consumer Goods |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumer Goods, Architectural, Automotive, General Industries, Furniture |
| Key market players worldwide | Nordson Corp, Graco Inc, Carlisle Companies Inc, Statfield Equipments, Reliant Finishing Systems, Pittsburgh Spray Equipment, Reinhardt-Technik, Anest Iwata, SAMES KREMLIN, Hangzhou Color Powder Coating Equipment Co., Mitsuba Systems ( I ) P.Ltd, The Eastwood Company, Parker Ionics, Redline Industries |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 39.5% of the global powder coating market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 20,813.7 million by 2030.
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Powder Coating Market Scope
Powder Coating Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific powder coating market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to powder coating market will help companies and investors design strategic landscapes.
Consumer goods was the largest segment with a revenue share of 25.01% in 2022. Horizon Databook has segmented the Asia Pacific powder coating market based on consumer goods, architectural, automotive, general industries, furniture covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for powder coatings in Asia Pacific is driven by several factors, such as the rapid industrialization and urbanization in countries like China, India, and Southeast Asia. This has increased the need for protective and decorative coatings in various industries.
Automotive, construction, and industrial goods industries have been mainly instrumental in driving the demand for powder coatings due to their durability, versatility, and environmental benefits. Furthermore, according to Oxford Economics, the volume of construction output is predicted to grow by 85% and reach USD 17.5 trillion by 2030.
In addition, China's construction sector has recently undergone substantial expansion. As reported by the National Bureau of Statistics of China, the construction output in China reached a remarkable value of around CNY 31 trillion (~USD 421.57 billion) in 2023.
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Target buyers of Asia Pacific powder coating market databook
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Our clientele includes a mix of powder coating market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific powder coating market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific powder coating market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific powder coating market size, by country, 2018-2030 (US$M)
Asia Pacific Powder Coating Market Outlook Share, 2022 & 2030 (US$M)
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