Many manufacturers are noticing the myriad advantages of powder coatings over liquid. The resulting demand for powder coatings has been steady and is expected to continue rising.
Rising Demand for Powder Coatings
According to a Grand View Research report that came out late last year, the global powder coatings market will rise to $16.55 billion USD by 2024. This is a significant growth trend, up from $8.66 billion USD in 2015. The report notes that manufacturers are switching from liquid coatings. Furthermore, it notes that certain market segments heavily reliant upon powder coatings are on the rise.
Demand for powder coatings is partially due to the rise in applications now available in several sectors. Powder coatings are becoming more versatile and useful in automotive, industrial, and construction applications – as well as in consumer products and appliances. And there is an ever-growing demand for powder coatings in the manufacturing of windows, doorframes, building facades, kitchen, bathroom and electrical fixtures, and numerous other manufactured goods.
The most notable application segment is general industries, which accounted for over 20% of global volume in 2015. As the BRIC nations create more demand for tractors and other metal products, the need for coatings rises. And powder coatings are becoming more and more recognized as a preferred option for these and other applications, including among others:
- Agricultural equipment
- Exercise equipment
- Computer cabinets
- Laptop computers
- Mobile phones
- Electronic components
Powder Coatings Advantages
There are several clear advantages with powder coatings. Pressure to choose environmentally responsible options is one reason for the rise in demand for powder coatings, which are more environmentally friendly. When applied, all powder that does not adhere to a target is collected. Therefore, no coating is wasted. Likewise, little to no Volatile Organic Compounds (VOCs) are released into the atmosphere as the paint ages, because this paint technology is far more robust and durable and contains no solvents.
Additionally, the durability of the paint is one reason powder coatings manufacturers are in such high demand. The coating is more scratch resistant and holds up better over time. In turn, this resistance to corrosion and weathering saves money and time in many applications – from the rims on commercial trucks to the oil pipes that need to be changed out less frequently.
Hence, powder coating involves little to no waste, produces a more durable product, and is often more cost efficient. Workers require less training to operate the coating equipment. And there is more control over the end product, as film thickness is more easily controlled, and poorly coated areas are more easily rectified. While this technology does have high energy demands, the cost savings will more than offset this expense. Therefore, it is not difficult to see why demand for powder coatings is exploding and will continue to grow rapidly.