Transparency Market Research, New York: Solution providers in the powder coatings market are coming out new curing processes to improve the properties of their formulations, and hence bring cost saving and performance gains for end-use industries. Several players in the powder coatings market are reaping lucrative gains by their focus on improving the environmental attractiveness of solventless systems. To this end, they have been actively working toward unveiling an array of biodegradable powder coating compositions for various substrate applications.

Prominent players in the powder coatings market are Kansai Paint Co., Ltd, Axalta Coating Systems, Akzo Nobel N.V., The Sherwin-Williams Company, PPG Industries, and BASF SE.


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The global powder coatings market stood at US$9.09 bn in 2017 and is projected to rise at a CAGR of 6.6% from 2018 to 2026.


Environmental Friendliness of Solventless Coatings Systems Propel Demand

The powder coatings market evolved rapidly on the back of the growing popularity of solventless coatings systems especially for metal substrates for achieving wear-resistant coatings. In contrast to fluid-based coating methods, these are environmentally friendly since they release negligible amounts of VOC, less hazardous chemicals, and enable a uniform coating throughout the surface, regardless of the area of the application.


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Sizable demands for powder coatings in the automotive and electronics industries year-over-year have fueled the growth of powder coatings market. The end-use industries have witnessed widespread uptake of powder coatings, especially those made with epoxy-polyester hybrids. These meet the requirement of good aesthetic appeal—gloss and wide gamut of colors—and functional properties in household appliances.


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Chemical Companies Focus on Improving Weathering Characteristics

Among the two types of powder coatings, thermostat has emerged as the leader, with major share in the global powder coating market in 2017. A large part of the demands have been attributed to the popularity of epoxy-based powder coatings. Outstanding adhesion and wide range of curing schedules drive the popularity of powder coatings. Overall, the higher durability and resistance to UV light has spur the demands for thermostat segment, propelled by the rising applications in coating appliances. Focus of chemical companies to improve the weathering properties and external durability especially of hybrid powders is boosting the market.


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The construction industry has been a consistent source of revenue streams for manufacturers of powder coatings. There have been copious demands for powder coatings as protection mechanism for metal furniture. Another marked impetus to the expanding industrial demands in the powder coatings market comes from their application in coating agriculture equipment. Strides made in agricultural product will indirectly bolster the potential demand in the powder coating market.

Advances in polymer chemistry is a key factor unlocking new potential in the powder coatings market. Further, advances in new metal pretreatment processed are becoming key enablers for new demand potential in the market.


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Plastic Waste Management Market – Plastic waste management is an umbrella term for the different strategies and methods in effect to reprocess and reuse products made out of plastic, which are otherwise considered waste. Instead of dumping this plastic waste into water bodies, and landfills, and pollute the environment further, the plastic in these products can be recycled an put to use for another purpose or application. This is a novel way to make use of these discarded materials to create or manufacture new plastic products. The global plastic waste management market is expected to see high traction in the coming years, with bountiful demand from both regional and international markets.


Metal Injection Molding Market – Metal infection molding is a procedure of delivering accuracy metal parts by using infusion shaping innovation. The ultra-fine metal powder is joined with a fastener material to shape a feedstock which is nourished into the infusion forming hardware. The shaped part is cooled and removed from the form. The cover material is isolated from the blend utilizing a dissolvable, and the rest of the part is sintered to acquire segments with upgraded properties and better resistance. This as a result is propelling the growth of global metal injection molding market.


Refinish Paints Market – Refinish paints are made from resins, additives, solvents, and pigments. The resin binds and holds all the pigments together. The refinish paints industry is a raw material intensive industry. Rise in demand for passenger & recreational vehicles, implementation of new technologies, increase in disposable income, growth in the number of road accidents and inclination of vehicle owners to repair their vehicles after collisions are anticipated to drive the global refinish paints market. Volatility in raw material costs, dearth of skilled professionals, and environmental issues regarding solvent borne paints are key restrains to the market.


Liquid Silicone Rubber Market – Healthcare industry is raising its standards and operations with every passing day. The industry is implementing new solutions, innovating technologies, and several compliance to ensure the safety of the patient and professionals working in the facility. One of the major adoption that industry has mandate is use of rubber gloves. These gloves are no ordinary gloves, they are made from liquid silicone rubber. These rubber gloves are biocompatible, that is they reduce the risk of infection, and are strong and expandable. These benefits and the growing demand for rubber gloves in medical industry is the major factor that is boosting the growth of global liquid silicone rubber market from 2018 to 2026.


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