Kerry Pianoforte, Editor 12.15.14
This month’s feature article is an in depth look at the Powder Coatings Market (page 27). Powder coating is a diverse market and can be used on everything from OEM appliances and automobiles to coating metal patio furniture.
According to Coatings World’s contributing writer and president and managing director of The Chemark Consulting Group, Phil Phillips, the global powder coatings market is estimated to be $7.146 billion. Phillips estimates that powder comprises 6.6 percent of the global coatings market, which he values at $109.2 billion.
Other key figures from Chemark:
• Thermoplastic Powders – all generics – global are $646 million in value or 0.6 percent of the global coatings value or, 9.0 percent of the total powder global marketplace
• Thermoset Powders – all generics –global are $6.5 billion in value or 6.4 percent of the total paints and coatings space.
• Total global thermoplastic powder market space is estimated to grow at 3.4 percent/year from $646 million in 2013 to $764 million by 2018.
• Total global thermoset powder coatings market space is estimated to grow at a higher rate than that of thermoplastics (TS 5.38 percent vs. TP @ 3.4 percent AGR); TS from $6.5 billion in 2013 to $8.45 billion in 2018.
• This growth rate difference would move thermoplastic powders down in market share from 9 percent of the total global powder market space in 2013, to 8.3 percent by 2018 in share loss in five years.
According to Coatings World’s contributing writer and president and managing director of The Chemark Consulting Group, Phil Phillips, the global powder coatings market is estimated to be $7.146 billion. Phillips estimates that powder comprises 6.6 percent of the global coatings market, which he values at $109.2 billion.
Other key figures from Chemark:
• Thermoplastic Powders – all generics – global are $646 million in value or 0.6 percent of the global coatings value or, 9.0 percent of the total powder global marketplace
• Thermoset Powders – all generics –global are $6.5 billion in value or 6.4 percent of the total paints and coatings space.
• Total global thermoplastic powder market space is estimated to grow at 3.4 percent/year from $646 million in 2013 to $764 million by 2018.
• Total global thermoset powder coatings market space is estimated to grow at a higher rate than that of thermoplastics (TS 5.38 percent vs. TP @ 3.4 percent AGR); TS from $6.5 billion in 2013 to $8.45 billion in 2018.
• This growth rate difference would move thermoplastic powders down in market share from 9 percent of the total global powder market space in 2013, to 8.3 percent by 2018 in share loss in five years.