By 2025, the market size of powder coating will reach 17 billion US dollars

According to the latest research report of global market insights, Inc., it is estimated that by 2025, the market size of powder coatings will exceed US $17 billion. The market of powder coatings is expected to grow significantly from 2019 to 2025 due to its environmental protection, cost-effectiveness, high quality, fast coating applicability and ease of use compared with conventional coatings. Compared with liquid coatings, these coatings do not contain solvents, and the emission of volatile compounds is very small. It provides durable surface treatment for metal products and parts, and has excellent light retention. High corrosion resistance, easy recycling and reduction of processing time and other factors will also affect product demand.

The function and technical advantages relative to liquid coatings stimulate the demand of powder coatings. The ability to produce coatings much thicker than traditional liquid forms without sagging or sagging will support the entire industry. Faster curing time and a wide range of special effects make the product have a wide range of applications, including door handles, rims and under hood components, with excellent surface treatment and texture. The growing demand for thick and elastic coatings will drive the demand for powder coating formulation of thermoplastic resins. Due to the key advantages including better chemical resistance, thicker coating and low toxicity, the composite annual growth rate of thermoplastic resin demand is expected to exceed 6.5%. It also provides good resistance to environmental forces and does not require any crosslinking or curing to obtain these properties. Thermoplastic resin has been widely used in many industries, such as construction, automobile, outdoor furniture, oil and natural gas, aerospace and national defense, because of its environmental protection, easy recycling and low toxicity.

Consumers' preference for attractive and durable finish appliances will support the growth of the powder coating market. Powder coating in electrical appliances is usually used for refrigerator doors, shelves, washing machines, dryers, freezers, water heaters, vacuum cleaners, kitchen appliances, micro wave ovens, garbage disposers, dishwashers, etc. Electrical appliances need durable surface treatment and bright colors to protect them from damage caused by daily use. The color of appliances has become one of the most important factors that affect consumers' purchase decisions. As a result, appliance manufacturers have launched products with a combination of fashionable colors, surface treatments and textures. The combination of decorative color and coating style ensures low wear, better fragmentation and high chemical resistance. The powder coating on the metal substrate has witnessed the strong growth of agricultural and construction equipment, automobile and oil and natural gas applications. Compared with the non-metallic substrate, the easy application on the metal substrate will also support the application range of the product. Metal surface can be electrically grounded and coated by electrostatic spraying (ESD) process. This process makes the base material even and makes the product more attractive to the eyes. Easy to obtain colors, thicknesses, finishes and textures are expected to drive product sales. The growth of Latin American furniture industry highlights the product demand by 2025, and the Latin American powder coating market led by Brazil and Mexico is expected to exceed 2.5 million tons. The Mexican furniture industry is expected to grow strongly as many companies have moved some of their production operations in the country to Mexico. The country offers excellent logistics solutions while delivering products to target markets such as the US and Canada, with lower indirect costs compared to other overseas destinations. The main players in the powder coating market include BASF, Ashtar coating system, Akzo Nobel NV, Asian coatings and Jotun. Manufacturers continue to focus on increasing their visibility by uploading catalogs to websites and retailing products through online portals. In addition, major manufacturers are hiring industry experts and investing in capacity expansion to gain a competitive advantage. Manufacturers try to establish direct cooperation with end users to ensure the continuous retail of their products. They also use strategies, such as expanding their product mix and establishing long-term supply chain agreements, to improve profitability and gain a competitive advantage in the market. The column is exclusive to V I P members. Please check the details after VIP members log in.