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The Powder Coatings Market

By Kerry Pianoforte, Editor of Coatings World

Valued for its lower environmental impact, powder coatings are used in a wide variety of applications. According to Chemark Consulting Group, the global powder coatings market can be divided into four segmentations by substrate: metal, wood, glass and plastics. Metal substrates because of its natural conductivity and heat tolerance comprise 93 percent of the value, wood and plastic substrate are three percent and plastics is one percent.

Chemark Consulting reported that there are several segments that offer growth potential for powder coatings: “The transportation market segment has always considered powder coatings an economical alternative for primarily vehicle body parts where abuse and corrosion potential exists. Underbody and under hood, tail pipe extensions, windshield wiper devices and wheel rims are such examples. Full scale widespread commercial topcoats…has eluded powder coatings. However, powder coatings used as a primer coat over ecoat, has been accepted.

The global powder coatings market is expected to reach $12.48 billion by 2020, according to a new study by Grand View Research, Inc. Growing support for the use of powder coatings in comparison to conventional liquid paints by regulatory agencies such as EPA and REACH on account of negligible VOC emissions is expected to be a key driver for market growth. In addition, growing application demand with regards to automotive, appliances and consumer goods is also expected to drive powder coating sales over the next six years.

To read the full article, follow the link here: http://www.coatingsworld.com/issues/2015-12-01/view_features/the-powder-coatings-market-/#sthash.JaDA7QNG.dpuf

Source: Coatings World

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