Chemical & Materials Trending Powder Coatings Market | Page 3

Industrial Insights
• Powder coating is a type of coating that is applied as a free-flowing, dry powder. This coating does
not require a solvent to keep the binder and filler parts in a liquid suspension form.
• Powder coating is mainly used for coating of metals, such as household appliances, aluminum
extrusions, drum hardware, and automobile and bicycle parts.
• The powder coatings market has been segmented, on the basis of resin type, into thermoset and
thermoplastic.
• The market for thermoset powder coatings is expected to grow at the highest CAGR between
2017 and 2022.
• Thermoset resin offers shock resistance as well as corrosion resistance to automobile parts,
industrial equipment, and various household appliances increasing lifespan of the product.
• Being the most preferred powder coating resin, there have been technological advancements in
thermosetting powders in recent years. These coatings are heat-stable and, unlike thermoplastic
powders, will not soften back to the liquid phase when reheated.
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