Towards Chemical and Materials announced that global demand is supported by sustainability mandates, material innovation and electrification.

In a report by Towards Chemical and Materials, the global powder coatings market is projected to grow from $19.13 billion in 2026 to $31.26 billion by 2035, reflecting a CAGR of 5.61%.

According to the report, growth is driven by increasing adoption of solvent-free finishing technologies across automotive, consumer goods and architectural applications. Powder coatings continue to benefit from sustainability targets, urbanization and expanding use in electrified platforms.

Asia Pacific accounted for the largest share of the market in 2025, supported by infrastructure development, appliance manufacturing and automotive production. North America is expected to see continued growth through the forecast period, driven by demand for environmentally compliant finishes and durable industrial coatings.

From a materials perspective, polyester resins remain the leading chemistry due to their balance of durability, weatherability and processing flexibility. Consumer goods represent the largest application segment, reflecting continued demand for durable, low-VOC finishes in appliances and electronics.

The report also notes increasing interest in low-temperature curing and UV-curable powder technologies as manufacturers seek to coat heat-sensitive substrates while improving energy efficiency.

Access the full report here.

For ongoing coverage of coatings market trends and forecasts, visit PCI’s Market Reports section.