Powder coating is a procedure of applying dry powder or color to a metal surface. Dissimilar traditional liquid paint, demands a solvent for the filler and binder portions to form in a suspending liquid. There are three categories of powder coating- thermoplastic, thermosets, and UV curable powder coatings. They are obtainable in an almost several range of textures and colors and utilized as decorative and protective finishes. It is more durable and delivers and high-quality finish enabling for maximized production. Powder coatings find their application in the production and customization of car parts to household appliances.
According to the report analysis, ‘Powder Coatings Market by Resin (Thermoset and Thermoplastic) By Coating Method (Electrostatic Spray, Fluidized Bed, Flame Spraying and others); By Substrate (Metallic and Non-metallic); By End User (Appliances, Automotive, General Industrial, Architectural, Furniture and others) and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030’ states that the requirement for Powder coatings is projected to accelerate owing to growing per capita income, augmenting consumer spending leading to increased requirement for consumer products, automobiles, and furniture. Furthermore, powder coatings offer several advantages over other coatings comprising less VOC emission, lower operating cost, outstanding appearance, and uniform thickness. An augment in the manufacturing of automobiles and a outpouring in requirement for medical devices is projected to be a foremost factor leading to the growth of the market during coming years.
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Moreover, Powder coatings have a wide variety of applications in the automotive industry comprising coating automotive engines, wipers, filters, wheels, chassis, shock absorbers, and several other vehicle parts. Today, powder coating is primarily utilized in both the manufacture and customization of car parts due to its exceptional corrosion-free and durability possessions.
Powder coatings comprise much shorter curing, drying, and processing time associated to other liquid coatings owing to which the requirement for powder coatings is mounting. It is primarily cured on an average in ten minutes. Besides, powder coatings demand less air and air exchanges within the curative oven and spray booth. As powder coatings do not have solvents or VOCs the heated air can be recycled thereby saving entire cost for the curing and drying procedure.
Although, Arkema Group, Axalta Coating Systems, Eastman Chemical Company, Evonik Industries AG, Nippon Paint Co., Ltd., PPG Industries, Inc., The Sherwin-Williams Company, The Valspar Corporation, Jotun A/S and Other Prominent Players which recently functioning in the market more effectively for leading the highest market growth and registering the great value of market share during recent years.
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Based on the region, Global Powder Coatings market is sectored based on regional analysis into five foremost regions. These comprise North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa. Global Powder Coatings markets market around Asia Pacific controlled the largest market share during the year 2020. Asia Pacific will endure to register the Global Powder Coatings market due to the growing automotive segment in this region. Besides, speedy urbanization and industrialization as well as infrastructural improvement is predicted to bolster the global powder coatings market. Therefore, in the near years, it is predicted that the market of powder coating will increase around the globe more effectively over the forthcoming duration.
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Ankur Gupta, Head Marketing & Communications