According to a new market report published by Credence Research Inc., Powder Coatings Market by Resin Type (Epoxy, Polyester, Epoxy-Polyester, Acrylic, Polyurethane and Others), by Application Type (Consumer Goods, Automotive, Architectural, General Industries, Furniture and Others)  - Growth, Future Prospects, Competitive Analysis, 2016 2023, the worldwide powder coatings market was valued at US$ 8.70 Bn in 2015. In the same year, in terms of volume the powder coatings market was 2.36 Million tons.

Browse the full report at http://www.credenceresearch.com/report/powder-coating-market

Market Insights:

The global powder coatings market is projected to grow significantly during the forecast period. Rising applications of powder coatings in various sectors such as automotive, furniture and appliances among others is the major factor driving the market growth. Moreover, advantages of powder coatings over traditional wet paints such as high resistance to corrosion, durability, cost-effective, and high-quality finish is another factor contributing towards the market growth. Powder coatings are environment friendly as they are solvent free thus result in negligible emissions of volatile organic compounds (VOC). Therefore, have high support from the government regulatory such as REACH and EPA, thereby fueling demand. However, application and design issues are inhibiting the market growth. High consumption of energy is another factor restraining the market growth over the next six years.

Emerging economies such as India, China, Malaysia, Brazil, and some GCC countries offers lucrative growth due to strong growth in automotive industry. Growing demand for furniture along with the availability of the product is projected to propel the market growth. Continuous innovation and technological advancements is projected to further expand market opportunities.

For Same Category Report: http://www.credenceresearch.com/industry/chemicals-market

Competitive Insights:

The market is moderately fragmented with top ten participants accounted for 45% share of the global market in 2015. AkzoNobel, PPG, Sherwin Williams and Axalta are some of the prominent players present in this market. To increase their foothold in the market companies are focusing on various product innovation. Some of the others key players present in this market are Jotun, BASF and Nippon Paint among others.

By Resin Type:

• Thermoplastic
• Thermoset

By Coating Method:

• Fluidized Bed
• Electrostatic Spray

By End-Use Industry:

• Architectural
• Furniture
• Appliances
• Automotive
• General Industrial
• Others

Key Trends:

• Emerging economies offers huge untapped market potential
• Advancement in technologies provide huge market opportunities
• Rising demand for powder coatings from various end use sectors

Browse the full report at http://www.credenceresearch.com/report/powder-coating-market

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Powder coating is a type of coating that is applied as a free-flowing, dry powder. The main difference between a conventional liquid paint and a powder coating is that the powder coating does not require a solvent to keep the binder and filler parts in a liquid suspension form. The coating is typically applied electrostatically and is then cured under heat to allow it to flow and form a "skin". The powder may be a thermoplastic or a thermoset polymer. It is usually used to create a hard finish that is tougher than conventional paint. Powder coating is mainly used for coating of metals, such as household appliances, aluminum extrusions, drum hardware and automobile and bicycle parts. Newer technologies allow other materials, such as MDF (medium-density fibreboard), to be powder coated using different methods. The powder coating process was invented around 1945 by Daniel Gustin US Patent 2538562.

 Source: Wikipedia

How Powder Coating Works?

Powder coatings are based on polymer resin systems, combined with curatives, pigments, leveling agents, flow modifiers, and other additives.  These ingredients are melt mixed, cooled, and ground into a uniform powder similar to baking flour.  A process called electrostatic spray deposition (ESD) is typically used to achieve the application of the powder coating to a metal substrate.  This application method uses a spray gun, which applies an electrostatic charge to the powder particles, which are then attracted to the grounded part.  After application of the powder coating, the parts enter a curing oven where, with the addition of heat, the coating chemically reacts to produce long molecular chains, resulting in high cross-link density. These molecular chains are very resistant to breakdown.  This type of application is the most common method of applying powders.  Powder coatings can also be applied to non-metallic substrates such as plastics and medium density fiberboard (MDF).

Sometimes a powder coating is applied during a fluidized bed application.  Preheated parts are dipped in a hopper of fluidizing powder and the coating melts, and flows out on the part.  Post cure may be needed depending on the mass and temperature of the part and the type of powder used.  No matter which application process is utilized, powder coatings are easy to use, environmentally friendly, cost effective, and tough! [Ref: powdercoating.org]         

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