Press release
Liquid Coating Market Prophesied to Grow at a Faster Pace by 2025
Liquid coatings, also referred to as wet coatings, are majorly used where powder coatings are not applicable to provide finishing to products as well as assembled components and parts. Liquid coatings also provide noise control, corrosion and chemical resistance, wear resistance and non-stick, abrasion resistance. Liquid coatings have material efficiency of around 35%. They give a decorative look to the surface on which they are applied and protect the surface from rust and damage, such as scratches, etc. Liquid Coatings are generally applied using a spray equipment to create a uniform thickness of the paint layer.
Liquid Coatings Market: Market Dynamics
Liquid coatings can be applied on very thin layers and on any substrate, such as plastic, wood, etc. These coatings provide a smooth surface finish. Liquid coatings are widely used in areas where high temperatures are a commonality. Equipment used for applying liquid coatings are cheaper than powder coating equipment. The aforementioned properties of liquid coatings are expected to make the market grow at a substantial rate during the forecast period.
The growth in construction activities and electronic industry in Asia Pacific, especially in China, is estimated to fuel the demand for Liquid coatings during the forecast period. This, coupled with increasing investments by the government of China, India etc. on military equipment will further add to the growth in consumption of liquid coatings during the forecast period.
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However, in comparison to powder coatings, liquid coating have some disadvantages, such as they are less durable, ecofriendly, take more time to get cured, etc. These factors are expected to act as restraints for the growth of the liquid coating market during the forecast period. In comparison to powder coatings, all liquid coatings contain solvents including 100% solids liquid coatings. That apart, liquid coating can prove to be hazardous for the spray operator, inferior and multiple coats must be applied to achieve the required firm thickness. Some liquid coatings also contain VOCs of (Theoretical) ASTM D 3960, i.e. 4.4 to 4.8 pounds per gallon, etc. Thus, these factors are expected to act as restraints to the growth of the liquid coatings consumption, thereby de-accelerating the growth of Liquid coatings market during the forecast period.
Liquid Coatings Market: Market Segmentation
The Liquid Coatings market can be segmented on the basis of Coating Layer into:
Primer
Base coat
Top coat
Clear Coat
The Liquid Coatings market can be segmented on the basis of Resin Type into:
Polyurethane
Acrylic
Alkyd
Polyester
The Liquid Coatings market can be segmented on the basis of Coating Technology into:
Solvent Borne
Water Borne
UV Cure
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