The global powder coatings market is an emerging market in paint industry
and projected to reach a worth of USD 12.48 billion by 2020. The term powder
coating is associated with the application of coating in the form of dry
powder. The production process of powder coatings includes the method of
grinding mixtures of pigments, curatives, and raisins in powder form and then
coating a surface by with it by spraying method.
Application of powder coatings on surface is
followed by the melting process with the use of oven for even distribution of
melted powder, which makes the surface super smooth. There are various
methodologies used in application of powder coatings, such as, powder curing
method, electrostatic spray method, fluidized bed method, and electrostatic fluidized
bed method.
On the basis of usage, the powder coatings are
divided into thermoplastics and thermosets powder coatings. Powder coatings
have an edge over conventional paints with advantages like super quality
finishing, abrasion-free surface, chipping-free area, protection from leakage,
heat, and chemicals. There are many organizations like EPA promoting high
usage of powder coatings over conventional liquids due to their
environmental-friendly properties.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/powder-coatings-market-analysis
Further key findings from the report
suggest:
·
High demand of powder coatings is driven by
growing need for superior quality items in consumer goods, furniture,
automotive, architecture and general industry. The consumer goods lead the
powder coatings market and attributed 22.1% of the total market volume in 2013.
·
Automotive sector is also projected to grow at a
CAGR of 7.7% by 2020 with more focus on enhancing appearance of luxury-cars.
High disposable income in Asia Pacific region has resulted in augmented demand
for luxury cars and also accelerated the demand for powder coatings in the
market.
·
The usage of powder coatings in furniture
industry is still unexplored due to peeling up of thinner coatings from wooden
surface. It is also forecasted to witness a higher growth in the future due to
its multiple advantageous applications.
·
With growing automobile and electronic
industries, Asia Pacific is expected to become the largest consumer of powder
coatings in the future with a CAGR of 8.5% by 2020. China is the largest
producer of automobiles with highest consumption-power of powder coatings in
the global market. Developing countries like India, Brazil and Russia are also
expected to become key consumers of powder coatings in the future. The North
American and European market have reached the maturity stage and expected to
grow at slow rate in the future.
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registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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