Powder Coating Market Share

North American Market Forecast

Powder coatings market in North America is predicted to account for the largest share of 33% by 2037 impelled by the growing production of oil & gas. This may increase the demand for powder coatings in the region as the pipelines used in oil and industrial gas exploration and transportation are powder coated on both the exterior and inside to protect them from environmental elements. In the first two months of 2023, U.S. gas production reached a record of over 5,980 billion cubic feet.

European Market Statistics

The Europe powder coatings market is estimated to hold the second largest of 28%, during the forecast timeframe led by the rising production of agricultural machinery and equipment. The European Agricultural Machinery Industry supports the development and promotes the use of technology in one of Europe's most ancient, diverse, and core businesses farming. Many farmers worldwide rely on agricultural machinery made in Europe, with tractors, green space equipment, harvesting equipment, and soil working equipment making for the majority of the bloc's exports.