Powder Coating Market Size

Powder Coatings Market size was over USD 15.32 billion in 2024 and is projected to exceed USD 31.49 billion by the end of 2037, witnessing over 5.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of powder coatings is evaluated at USD 16.02 billion. The reason behind the growth is due to the increasing demand for consumer electronics. Advancements in technology, increase in demand from households, changing lifestyles of individuals, easier access to credit, and rising disposable incomes has driven the demand for home appliances across the globe.

Powder coatings is most commonly used to coat metals, such as household appliances. Coating powders provide insulation and protection to electronic devices. From 2021 onwards, the refrigerator market is expected to recover and reach annual sales of over 236 million units by 2025. Furthermore, approximately 215 million refrigerators are sold globally each year.

The growing environmental concerns are believed to fuel the market growth. Powder coating complies with environmental protection criteria since it is non-toxic, free of VOCs, and generates less product trash.