The market size of powder coating will reach 17 billion US dollars by 2025

The powder coating market is expected to grow significantly from 2019 to 2025 due to its environmental performance, 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 Compared with liquid coating, the function and technical advantages of powder coating stimulate the demand of powder coating Compared with liquid coating, various technical advantages and low VOC emissions will support the market value of powder coating in the predicted time 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 formulations of thermoplastic resins Due to the key advantages including better chemical resistance, thicker coatings and low toxicity, the compound 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 The consumer's preference for attractive and durable topcoat appliances will support the growth of the powder coating market Powder coatings in appliances are usually used for refrigerator doors, shelves, washing machines, dryers, freezers, water heaters, vacuum cleaners, kitchen appliances, microwave ovens, garbage disposal machines, dishwashers, etc Electrical appliances need durable surface treatment and bright colors to protect them from damage caused by daily use The color of electrical appliances has become one of the most important factors influencing 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 Powder coatings on metal substrates witness strong growth in agricultural and construction equipment, automotive and oil and gas applications as chemicals and moisture drive the growth of market revenue for powder coatings and the strong demand for metal substrate coatings that protect steel, copper and aluminum surfaces from corrosion 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 in the Latin American furniture industry highlights product demand, with the Latin American powder coating market, led by Brazil and Mexico, expected to exceed 2.5 million tons by 2025 Mexico's furniture industry is expected to grow strongly as many companies have moved some of their manufacturing 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 systems, 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 a direct partnership 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.