Powder coatings are solvent-free coatings with negligible Volatile Organic Compounds (VOC) emissions that makes them environment-friendly. Powder coatings provide economical, long–lasting and durable quality finish for metal parts and products. They also exhibit properties such as superior durability, scratch resistance, gloss retention, and resistance to chalking. These coatings are applied on metal parts exposed to extreme weather conditions. Powder coatings are cost-efficient and are recyclable for use thereby, reducing the overall costs. Powder coatings market have controlled film thickness and provides easy rectification of poorly coated areas that makes them a preferred choice for various end-use applications.
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The global powder coatings market is expected to witness significant growth during the forecast period (2017-2023) owing to its high resistance to corrosion, high-quality finish and abrasion, durability, cost effective and reduced processing time. Based on resin type, thermoset resin is estimated to grow at a robust pace in the global powder coatings market during the forecast period. By application, the appliance is expected to generate the highest revenue in the global powder coatings market.
The increasing advancements in terms of durability, scratch resistance, gloss retention, and resistance to chalking is expected to result in the increasing penetration of powder coatings in regions having extreme weather conditions for protecting the metal parts when exposed to severe heat.
High technology adoptions in the automotive sector on account of excellent performance, low operational costs, wide color availability and properties such as anti-corrosion and anti-bacterial functions is expected to spur the growth of powder coatings market during the forecast period. Increasing usage in windows, doorframes, building facades, kitchen, bathroom and electrical fixtures is expected to further propel the growth of the overall market during the forecast period.
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Procurement of thin-films is one of the major challenges faced in the powder coatings market. Thin finishes are difficult to obtain using these coatings, as the thickening of the polymer can lead to formation of an uneven texture.
Some of the key players in the global powder coatings market include AkzoNobel, PPG Industries, Inc., Sherwin Williams Company, Axalta Coating Systems Ltd., BASF SE, Nippon Paint Holdings Co., ltd, DuPont, Jotun A/S and Asian Paints Limited
- Polyvinyl chloride (PVC)
- Polyvinyl fluoride (PVF)
- Epoxy polyester hybrid
- Others (Fluoropolymer)
By coating method
- Electrostatic spray
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