Global powder coatings market Global powder coating market

Global powder coating market size was valued US$ 10.31 and is estimated to reach US$ 16.22 at CAGR of
about 5.83 % during a forecast period.
Demand for powder coatings has increased owing to growing technological innovation and increasing
demand from applications such as architectural, appliances, automotive. Advantages of powder coatings
over wet paint systems such as predefined film thickness and easy rework of poorly coated areas are
factors driving market demand over a forecast period. Powder coating is conservative, durable, quality
membrane, perfect toughness, and scratch resistance, shine retention, waterproof and impermeable to
chalking. Powder coating performs well in extreme environmental conditions. It complies with the
American Automobile Manufacturers Association particulars and is an ecofriendly procedure. Powder
coatings are cost-effective compare to other coatings, don't contain solvents and volatile organic
compounds. Also powder coating has the ability to be recovered and reused hence reducing by product
waste. These all factor drives the powder coating market.
Thermosets is dominating the powder coating market. Thermosets are generally preferred because they
are resistant to elevated temperatures. Out of thermoset sub-segments Polyester and polyurethane
comprises large share. Epoxy polyester segment is seen to be rapid growing in powder coating.
Electrostatic spray is the most employed coating technique as it allows coating of complex shapes and
does not require preheating of part to be coated. Electrostatic spray segment is expected to continue its
dominance throughout the forecast period.
Growing product demand for various applications inducing horns, wipers, radiator grills, door handles,
wheel rims, metallic structural component, bumpers, and bicycle will propel market growth over the
forecast period. Appliances segment to grow at high CAGR the global powder coating market comprising
one fifth of the market share. Architechural coating dominated the market followed by automotive held
a significant portion of worldwide utilization of powder coatings.
Asia Pacific is estimated to be the dominant segment of the market on account of the robust growth of
sectors in China and India. Asia Pacific comprise one third of the global powder coating market. Europe