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Powder Coatings Market

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Powder Coatings Market report categorizes global market by Resin Type (Thermoset, Thermoplastic), Coating Methods (Electrostatic Spray Coating, Fluidized Bed Coating, Electrostatic Fluidized Bed Process, Flame Spraying), End-Use industry, and Geogra
Powder Coatings Market - Insights, Opportunity Analysis,
and Industry Forecast till 2025
Powder coatings are in high demand primarily due to its eco-friendly features as
very less amount of volatile organic compounds (VOCs) are found in powder
coatings and low wastage during production and consumption. Equipment
development is a major contributing factor towards opening up various
application areas for powder coatings. In case of wet surface treatment there are
some newly developed chrome free equipment processes based on zirconium,
titanium and silane compounds.
This newly developed systems allow the toxic products to get substituted. These
techniques also offer simultaneous degreasing and pickling, which significantly
reduces processing time. Technological advancements in the field of UV and IR
curing facilities is estimated to fuel production speed of powder coating
systems. UV and IR curing solutions are used in the powder coatings industry as
they enable rapid curing of the coating to a solid state.
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The global powder coatings market size is estimated at US$ 9,130.4 million
(revenue) and 2,314.6 kilo tons (volume) in 2016 and is expected to expand at a
CAGR of 6.2% in terms of revenue and 6.9% in terms of volume during the
period 2017 – 2025.
Multinational players need to tap potential addressable market in the
emerging regions with the help of geographical expansion
Product portfolio expansion and geographical expansion are the key market
trends which are expected to shape the industry in the near future.
Major players in the global powder coatings market include Axalta Coating
Systems, AkzoNobel N.V., Asia Paints Limited, PPG Industries Inc., Somar
Corporation and Beger Paints India Limited among others.
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Author
pallavi.reddy
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