The Global Thermosetting Powder Coating Market was valued at US$ 7612.4 Million in 2023 and is projected to reach US$ 10310 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period. This robust growth is fueled by increasing demand for durable and environmentally friendly coating solutions across industries such as automotive, construction, and appliances, coupled with stringent environmental regulations phasing out solvent-based alternatives.

As manufacturers worldwide seek high-performance, low-VOC (Volatile Organic Compound) finishing solutions, the industry leaders are innovating with advanced resin technologies and sustainable formulations. In this blog, we profile the Top 10 Companies in the Thermosetting Powder Coating Industry—a group of global chemical giants and specialty coaters shaping the future of surface protection.

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🔟 1. AkzoNobel N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: Interpon® brand powder coatings (Epoxy, Polyester, Polyurethane, Super Durables)

AkzoNobel is a global leader in paints and coatings, with its powder coatings business operating under the renowned Interpon brand. The company serves a diverse range of segments, including architectural, automotive, and general industrial applications, with a strong focus on sustainability through its “People. Planet. Paint.” approach.

Sustainability Initiatives:

• Pioneering sustainable powder coatings with high recycled content

• Targeting 100% renewable electricity and carbon neutrality across operations

• Development of low-cure temperature powders to reduce energy consumption

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9️⃣ 2. PPG Industries, Inc.

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: ENVIROCRON® HeatSense™, ENVIROCRON® P4, and corrosion-resistant powder coatings

PPG is a major global supplier of powder coatings, renowned for its ENVIROCRON brand. The company invests heavily in R&D to develop innovative technologies like heat-sensitive pigments and advanced application techniques for superior performance in challenging environments.

Sustainability Initiatives:

• Commitment to 40% of sales from sustainably advantaged products by 2025

• Launch of powder coatings with near-zero VOC emissions

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8️⃣ 3. The Sherwin-Williams Company

Headquarters: Cleveland, Ohio, USA
Key Offering: Powdura® Eco, Powdura® 4000, and Columbia Coatings powder lines

Following its acquisition of Valspar, Sherwin-Williams significantly expanded its powder coating portfolio. The company offers a comprehensive range of products for metal furniture, fixtures, automotive parts, and building products, leveraging its extensive distribution network.

Sustainability Initiatives:

• Investment in technologies to reduce curing temperatures and energy use

• Development of powder coatings compliant with stringent global environmental standards

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7️⃣ 4. Axalta Coating Systems

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: Alesta®, Nap-Gard®, and Plascoat® powder coating systems

Axalta is a leading global supplier of liquid and powder coatings. Its powder division is known for high-performance solutions for the automotive, architectural, and industrial markets, with a strong emphasis on color technology and durability.

Sustainability Initiatives:

• Focus on near-zero waste powder application and overspray recycling

• Global initiatives to reduce water usage and greenhouse gas emissions in manufacturing

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6️⃣ 5. Jotun A/S

Headquarters: Sandefjord, Norway
Key Offering: Jotun Powder Coatings for architectural, functional, and marine applications

Jotun is a key player in the protective coatings market, with a growing powder coatings division. The company excels in providing durable solutions for harsh environments, particularly in the marine and offshore sectors, with a focus on corrosion protection.

Sustainability Initiatives:

• Development of innovative, environmentally friendly powder coating technologies

• Commitment to the UN Sustainable Development Goals through product innovation

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5️⃣ 6. Nippon Paint Holdings Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: NIPPOULD™, PROFLON™ powder coatings for automotive, appliances, and construction

Nippon Paint is one of the largest paint and coatings manufacturers in Asia. Its powder coatings business has seen significant expansion through acquisitions and organic growth, offering a wide array of products tailored to the Asian and global markets.

Sustainability Initiatives:

• Strong focus on R&D for low-temperature cure and thin-film powder coatings

• Implementation of eco-friendly manufacturing processes across its global operations

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4️⃣ 7. Asian Paints Limited (APL)

Headquarters: Mumbai, India
Key Offering: APCOAT® powder coatings for industrial, automotive, and architectural uses

Asian Paints, through its industrial coatings division, is a dominant force in the South Asian powder coatings market. The company leverages its strong regional presence and understanding of local requirements to provide customized solutions.

Sustainability Initiatives:

• Focus on water conservation and waste reduction in manufacturing

• Development of products that help customers meet their sustainability targets

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3️⃣ 8. Tiger Coatings GmbH & Co. KG

Headquarters: Wels, Austria
Key Offering: TIGER Drylac® powder coatings, including special effect and functional powders

Tiger Coatings is a specialist in high-quality powder coatings, known for its extensive color portfolio and innovative effects. The company has a strong presence in Europe and the Americas, serving niche markets with custom solutions.

Sustainability Initiatives:

• Certified carbon-neutral production for specific product lines

• Pioneer in developing powder coatings for heat-sensitive substrates like MDF

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2️⃣ 9. Kansai Paint Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: Pylox® powder coatings for automotive, electronics, and general industry

Kansai Paint is a major global coatings producer with a significant powder coatings segment. The company is recognized for its technological expertise, particularly in the automotive OEM and refinish sectors, and has a strong footprint in Asia and Africa.

Sustainability Initiatives:

• Active development of coatings that contribute to carbon neutrality

• Initiatives to reduce environmental impact throughout the product lifecycle

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1️⃣ 10. Berger Paints India Limited

Headquarters: Kolkata, India
Key Offering: Berger Industrial Powder Coatings for protective and decorative applications

Berger Paints is one of India’s leading paint companies, with a rapidly growing industrial coatings division. The company provides powder coating solutions tailored to the unique climatic and industrial conditions of the Indian subcontinent and beyond.

Sustainability Initiatives:

• Investment in eco-friendly product formulations and manufacturing practices

• Focus on reducing the overall carbon footprint of its coating systems

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🌍 Outlook: The Future of Thermosetting Powder Coatings is Smarter and Greener

The thermosetting powder coating market is experiencing a paradigm shift driven by sustainability mandates and technological innovation. While traditional epoxy and polyester powders continue to dominate, the industry is rapidly adopting next-generation formulations that offer enhanced performance with a reduced environmental footprint.

📈 Key Trends Shaping the Market:

• Accelerated adoption of bio-based and low-temperature cure powders to reduce energy consumption

• Growing demand for functional coatings with anti-microbial, anti-graffiti, and self-healing properties

• Expansion of powder coatings into new substrates like plastics and composites

• Digitalization of color matching and application processes for improved efficiency

Read Full Report: Thermosetting Powder Coating Market – View in Detailed Research Report

The companies listed above are not only providing essential surface protection—they are leading the charge towards a more durable, efficient, and sustainable future for industrial finishing.