And other factors that are fueling the growth of the target market are the high adoption rate because of the ease of applicability, lower product costs, and environmental effectiveness are boosting the demand. Also, the advanced technologies in the market are allowing other materials like MDF (medium-density fibreboard) to get powder coated with the help of different methods. Powder coatings are critically employed for the coatings of metals in household appliances, drum hardware, aluminum extrusions, and motorcycle, automobile, and bicycle parts. And these powder coatings are majorly utilized for creating a hard finish, which is tougher than conventional paints. These powders mĬxight be the polymers of either thermoplastic or thermoset. These coatings are typically applied in an electrostatic way and cured under heat unlike conventional liquid paints, which are delivered via an evaporating solvent. Powder coatings are the coatings that are applied as a dry powder, in a free-flowing way.
It is estimated that the target market is going to increase from USD 14.6 billion in 2022 to reach around USD $17.9 billion by 2028, registering a CAGR of 7.9% over the period of 2023-2028 The powder coating Market is envisioned to develop in a significant manner over the expected period.
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