Global Powder Coating Market is expected to grow at a healthy CAGR in the forecast period 2018 to 2025. The new market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Global Powder Coatings Market- Industry Trends and Forecast to 2025
- By Resin Type (Thermoset, Thermoplastic),
- By Substrate (Metallic, Non-Metallic),
- By Coating Method (Electrostatic Spray Coating, Fluidized Bed Coating, Electrostatic Fluidized Bed Process, Flame Spraying),
- By End-Use Industry (Appliances, Automotive, General Industrial, Architecture, Furniture),
- By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa)
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Increasing technological advancements, growth of stringent environment regulations and rising applications across end-user industries are driving the market.
STRINGENT REGULATIONS ON USAGE OF TRADITIONAL SOLVENT BASED COATINGS
Increasing regulatory demands on the coatings industry’s spurred the new development of new formulation strategy. The demand for coating had increased as green certification was also in the spotlight, and volatile organic compound (VOC) content is the only criterion being used to measure a coating’s success.
Volatile Organic Compound (VOC) and Hazardous Air Pollutant (HAP) compounds present in traditional solvent based coatings require regulation at different levels which includes Federal, State, and local levels.
RISING APPLICATIONS ACROSS END-USE INDUSTRIES
The adoption of powder coating is increasing at a rapid pace. Powder coatings have become one of the new products with special features such as, gloss retention, scratch resistance, ultra-reflective powder coating which increase the effective output of commercial lighting fixtures. It imparts significant durability, corrosion resistance and chemicals in comparison to liquid coatings.
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Advantages of powder coating in Industries are:-
- Maximize production
- Thick coatings are easily possible
- Over-spray (up to 98%) can be retrieved and reused
Mention below is some of the manufacturing industries using powder coating:-
In automotive industry, the powder coating is used for many areas including decorative trim, truck beds, accent parts, filters, radiators, hubcaps, bumpers, door handles and others. With the advancement of technology the clear powder topcoat is used to increase protection. The clear powder coats used over automotive exterior basecoats, Chrysler, Ford, and GM are testing powder coating technique and Volvo and BMW are using powder coating on modern models of cars.
In general Industries, the powder coating is used in exercise equipment, sports equipment, grills, pressure tanks, transformers, tool boxes, mailboxes, fire extinguishers and many more. The General Industries uses powder coating for various benefits such as chemical resistance, impact resistance, hardness, gloss and color retention, and other qualities that enhance an industrial product’s purposes and uses of powder coating for superior finishes.
Some of the prominent participants operating in this market are
- Asian Paints,
- Berger Paints India Limited,
- Cloverdale Paint Inc.
- Diamond Vogel,
- Evonik Industries,
- Hentzen Coatings Inc.
- Kansai Paint Co. LTD.
- Marpol Private Limited,
- Rpm International Inc.
- The Sherwin-Williams Company,
- Wacker Chemie AG,
- Among others.
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