With the rapid development of the powder coating market, the market prospect of polyester resin as the main material is promising for a long time. Driven by market demand and policies, polyester resin for powder coating also maintains rapid growth. China's powder coating polyester resin sales increased from 405000 tons to 995000 tons, during the annual compound growth rate of 13.7.

Powder coatings are widely used, building materials, general industry, home appliances are the largest application areas of powder coatings, accounting for 31%, 20.1, 18.3, respectively, other areas of application accounted for less than 10%.

In recent years, due to the failure of key technologies to break through, the expansion of powder coating applications is not obvious. The market growth of powder coatings is almost entirely driven by the market, and the leading role of technology is basically invisible. In recent years, powder coatings for building materials (including HVAC) have become the largest market share of powder coatings in China, which is the result of real estate market demand.

Looking at the global market, the Asia-Pacific region is the region with the highest consumption of powder coatings, reaching 1.3819 million tons, followed by Europe and the Americas, with consumption of 582100 tons and 263400 tons respectively.

It is expected that in a few years, the global powder coating market consumption is still concentrated in the Asia-Pacific region, accounting for 61.39 percent, Europe accounted for 22.96 percent, the Americas accounted for 10.57 percent, the Middle East and Africa 5.08 percent.

In recent years, driven by a series of environmental protection policies, the production and sales of powder coatings in China have maintained rapid growth, and the market space has been expanding. According to the China Chemical Industry Association Coating Professional Committee data, powder coating production increased from 1.75 million tons to 2.32 million tons, a compound annual growth rate of 9.85.

According to the "2022-2026 Powder Coating Market Status Survey and Development Prospect Analysis Report" released by Hangzhou Zhongjing Zhisheng Market Research Co., Ltd., with the continuous improvement of China's green development requirements, the trend of "paint to powder" is accelerating, and the share of powder coatings in the whole coating system is increasing. China's powder coating production in the coating market accounted for 9.39, an increase of 0.54 over last year.

Thermosetting powder coating is a relatively small molecular weight thermosetting resin, at a certain temperature, with the curing agent for crosslinking reaction, the formation of a network structure of macromolecular coating. Compared with thermoplastic powder coatings, thermosetting powder coatings have good performance, large output and wide application range. At present, domestic thermosetting powder coatings occupy an absolute dominant position in the powder coating market. Sales of thermosetting powder coatings increased from 1.605 million tons to 2.12 million tons, with a compound annual growth rate of 9.72.

The total annual sales growth rate of China's top 3 powder coating companies is much lower than the average growth rate of the powder coating industry, and their market share continues to decline. So far, China's powder coating industry has not yet been able to affect the market of large enterprises.

The number of enterprises with annual sales of more than 5000 tons increased by 12 in 25 years, reaching a total of 46. During the same period, the number of powder coating enterprises in China has also reached a peak, and more than 2000 powder coating enterprises can operate normally. The market share of enterprises with a scale of more than 5000 tons/year is very low, only 23% to 25%, and the entire powder coating market is very scattered and in a state of disorderly competition.