Powder Coatings for Industrial Equipment Market will reach US$28.70 billion by 2033 - Strategic Revenue Insights

London, UK – November 2025 | Strategic Revenue Insights Inc. – According to the latest research, the global Powder Coatings for Industrial Equipment market is projected to grow from approximately US $17.37 billion in 2024 (base year) to around US $28.70 billion by 2033, registering a compound annual growth rate (CAGR) of about 5.74 % over the forecast period 2025-2033.

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The market size progression reflects a mounting appetite for protective and high-performance finishing systems as heavy-industry and capital-equipment manufacturers shift toward powder coatings that combine durability, aesthetic versatility and environmental compliance. The value of US $17.37 billion in 2024 underscores the established scale of the market, while the projected US $28.70 billion by 2033 signals meaningful growth and opportunity.

The demand is being driven by several intertwined forces. The first is the rising imperative for industrial equipment from automotive frames to manufacturing plant machinery to withstand harsher operating conditions, corrosion, abrasion and long service lives. Powder coatings offer superior resistance compared to conventional liquid systems, offering better longevity and performance in industrial duty-cycles. Secondly, regulatory pressure and sustainability priorities are pushing users to favour coatings with very low volatile organic compound (VOC) emissions, a key strength of powder systems. Thirdly, expansion of manufacturing and infrastructure in emerging markets is lifting equipment volumes, thereby increasing demand for coating materials tailored for industrial-scale applications.

From a regional perspective, the growth dynamics are uneven but complementary. The Asia-Pacific region emerges as both the largest and fastest-growing market, fueled by rapid industrialization, factory expansions, urban infrastructure growth and rising equipment-build volumes. In mature markets such as North America and Europe, growth is steadier, supported by retrofit activity, replacement demand and stringent environmental standards that favour powder-based finishes. Meanwhile, Latin America and the Middle East & Africa are evolving as opportunity zones, as new plant build-outs and manufacturing-ecosystem expansions require protective coatings fitted for industrial equipment.

Major players in the space are actively innovating their product portfolios and extending geographic reach. While the report mentions AkzoNobel N.V. (Netherlands) explicitly among the top tier, other global coatings and chemical-materials firms are also participating aggressively, launching tailored powder formulations, advanced application technologies and value-added service models for industrial end-users.

The segmentation of this market helps clarify where value and growth are concentrated. By resin type, the market is divided into thermoset and thermoplastic powder coatings with thermoset leading due to its superior performance in high-temperature, chemical or heavy-service environments. Thermoplastic powders are gaining traction where flexibility, impact resistance and re-coatability are valued.  By coating method, key application technologies include electrostatic spray and fluidised bed methods, each suited to different equipment geometries, production scales and cost constraints.  By end-use industry, major segments include automotive, appliances, general industrial equipment, and architectural hardware and furniture applications. In general-industrial equipment the core focus of this report growth is particularly strong due to heavier duty cycles and higher lifetime cost-sensitivity of coatings.  

Looking ahead to 2033, the outlook for the Powder Coatings for Industrial Equipment market is clear: steady, sustained growth with specific pockets of high potential. With the market expected to reach approximately US $28.70 billion, companies that priorities sustainable coatings, custom finishes, high-performance formulations and service-oriented application-models will capture value. Geographically, firms able to expand into high-growth regions (such as South Asia, Southeast Asia, Latin America) will gain scale advantage. Moreover, segments such as coatings designed for ultra-durable industrial-equipment, for harsh-environment service, or for high-end architectural finishes on industrial assets will outperform the broader market average. That said, companies must manage challenges: high initial investment in application equipment, competition on price, supply-chain pressures for raw materials and increasing regulatory compliance costs. Addressing these will separate winners from laggards.

For stakeholders from powder-coating material companies through applicators, equipment OEMs, industrial-equipment vendors and end-users this market offers more than incremental growth. It represents a shift in how industrial equipment is finished, protected and maintained. The move toward powder coatings is both a functional upgrade and a sustainable investment. Those who align their strategies now with these trends are likely to secure stronger market positions by 2033.

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