Powder Coating Market Will Continue to Generate Major Revenue by 2025

The stringent government regulations on solvent based coatings with respect to emissions, air quality, toxicity controls and individual and industry associates/initiatives is expected to favor the growth of powder coating market during the forecasted period owing to its non-hazardous effects .

Factors such as increasing consumption of consumer goods, increased spending on vehicle refinish surface coatings, etc. have been driving factors of the powder coatings market. Currently, the demand from domestic appliance and furniture industries has been driving the consumption of powder coatings due to superior finish and product durability characteristics. It is expected that increasing scope of application in construction & architecture, agricultural & construction equipment, transportation, etc. will fuel the growth of the Powder Coating Market in the forecasted period.

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However, high installation cost and non-conformance to thin layer coatings in major end use applications is considered to be a restraint for the Powder Coating Market.

A dry finishing process in which fine particles of paint are electro-statically charged and sprayed on a workpiece is known as Powder Coating Process. Once this is done, the workpiece is put into an oven at high temperatures so that it can flow and form a uniform layer of coating which is durable and environmentally safe. The coating finally obtained is of high quality and has attractive finish. Powder coating can be applied on various substrates such as metal, plastics, glass, and wood of which metal type accounts for over 90% of the overall use.

Generally, six ingredients are used in the production of powder coating: resin, curing agents, additives, post additives, tint pigments and extenders. The powder may be thermoplastic or thermoset polymer in nature.

Powder Coating possesses some unique properties. For instance, it is durable and abrasion, corrosion, chemicals and scratch resistant. It also meet the various requirements of end use industries – it can offer both high and low gloss. It offers a wide array of color selection and texture choices, such as for smooth surfaces, rough textures, etc. Powder coating can be very effective at hiding imperfections and providing matte finish. Powder Coating maximizes production as well as improving efficiency of coating while reducing the cost as coating that has been over spayed can be re-used and retrieved in comparison to liquid coating. Due to the eco- friendly nature of Powder Coating, when applied on a surface or equipment, it gives an attractive finish and is resistant to moisture, chemicals, ultra violet radiations and extreme weather conditions. Powder coating also reduces the risk of chipping, fading and wear and tear and is able to last for a longer period of time.

The ever increasing population, growing retail sector, hospitality sector and increased urbanization coupled with higher purchasing power of population in China, Brazil and India is expected to drive the demand for furniture and automobiles, which in turn, will fuel the consumption of Powder Coating, thereby driving the Powder Coating Market in the region.

Increased demand for domestic appliances, such as washing machines, microwave ovens and freezer cabinets is expected to increase the use of Powder Coating in these applications in China, India, Vietnam, Thailand and Philippines. China is expected to be the growing market for Powder Coatings during the forecasted period.

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Latin America, Middle East countries and Europe are expected to be economically progressive regions having huge potential opportunities. Higher income of people along with a general increase in the consumption of automobiles has triggered the boom in the automobile market. It is expected that countries, such as Dubai, Qatar, Saudi Arabia and Kuwait will invite automobile coating companies to invest in the region and generate better revenue. Countries like Germany, Hungary, U.K. and Romania are expected to show an increase in demand for Powder Coating as various automobile producing companies are located in these countries. Support from regulatory bodies like REACHES and EPA to use powder coating over conventional materials will also help the growth of the Powder Coating market in the region.

Mexico is expected to witness significant growth in Powder coatings Market as many companies have shifted their manufacturing operation to Mexico, thereby driving the Powder coating market in the region.

Some of the examples of the market players operating in the global Powder Coating Market are: Axalta Coating Systems,LLC, The Valspar Corporation., Akzo Nobel N.V, American Powder Coatings Inc, Allnex group, Procoat, PPG Industries Inc., IFS Coatings, RPM International Inc., Midwest Industrial Coating Inc., Guangzhou Kinte Powder Coating Co. Ltd.

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