Powder coating is a high-quality finish found on thousands of products you come in contact with each day. Powder coating protects the roughest, toughest machinery as well as the household items you depend on daily. It provides a more durable finish than liquid paints can offer, while still providing an attractive finish. Powder coated products are more resistant to diminished coating quality as a result of impact, moisture, chemicals, ultraviolet light, and other extreme weather conditions. In turn, this reduces the risk of scratches, chipping, abrasions, corrosion, fading, and other wear issues.

Rise in production of automobiles, surge in demand for medical devices and advancement in technology and useful properties offered by powder coatings are some of the factors driving the powder coatings market. Furthermore, increase in demand for powder coatings in in developing nations including India and China is also the major factor driving the powder coatings market. However, factor such as difficulty in obtaining thin films affecting the use of powder coatings is hampering the powder coatings market globally.

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POWDER COATINGS MARKET SEGMENTAL HIGHLIGHTS

The resin types studied in the report are thermoset (acrylic, epoxy, epoxy polyester hybrid, polyester, polyurethane and others (fluoropolymer)) and thermoplastic (nylon, polyolefin, polyvinyl chloride (PVC) and polyvinyl fluoride (PVF). The coating method comprises of electrostatic fluidized bed process, electrostatic spray coating, flame spraying and fluidized bed coating. Powder coatings are used in various end use industries such as appliances, architectural, automotive, furniture, general industrial and others.

POWDER COATINGS MARKET BY RESIN

The resins used in the powder coatings market report are epoxy, polyester, vinyl ester and others. Polyester powder coatings are specifically modified resins that protect the composites against UV/weathering and chemicals. This gel coat delivers superior durability for parts molds and allow for a nice smooth surface which can be applied with a brush or sprayed. 

POWDER COATINGS MARKET BY END USER

Major end users of powder coatings are construction, marine, transportation, wind energy and others. The use of fiber reinforced plastics upsurges the usage of powder coatings in the marine industry as powder coatings enhances the aesthetic quality of fiberglass products and offers corrosion resistance to structural layered materials. Therefore, the use of powder coatings in the marine industry needs to be based on its durability and resistance to sunlight and moisture. 

POWDER COATINGS MARKET BY GEOGRAPHY

Based on geography, the market is segmented into Asia-Pacific, North America, Western Europe, Central Eastern Europe, Middle East Africa and South America. Asia Pacific emerged as the largest consumer and dominated the powder coatings market in 2018, owing to huge demand for powder coatings from countries such as Japan, China, India and increasing demand for powder coatings from the transportation, marine, construction, and wind energy end-use industries. 

POWDER COATINGS MARKET KEY PLAYERS

The global powder coatings market is led by key companies such Allnex, Alpha Owens-Corning (AOC) Aliancys, Bufa Composite Systems GMBH, HK Research Corporation, Ineos Enterprise, Interplastic Corporation, Poliya Composites Resins and Polymers, Polynt-Reichhold Group, Scott Bader Company and Turkuaz Polyester. Foremost companies have invested huge capital in mergers acquisitions and research development activities to develop advanced products in the market.

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