Due to the extremely low levels of volatile organic compounds (VOCs) and low levels of waste generated during production and consumption, powder coatings are highly sought for. The expansion of powder coatings' potential applications is greatly aided by equipment improvement. There are some recently created chrome-free equipment procedures for wet surface treatment based on zirconium, titanium, and silane chemicals. These recently created techniques make it possible to substitute harmful items. These methods also provide simultaneous pickling and degreasing, which greatly cuts down on processing time. The powder coatings industry uses UV and IR curing solutions because they speed up the coating's transition to a solid state.
In terms of revenue, the Powder Coatings Market is anticipated to reach around US$ 12,054.4 Million in 2021, with a CAGR of 6.0% over the projected period (2022 to 2030).
Leading Companies in the Powder Coatings Industry:
1. Akzo Nobel N.V
Akzo, headquartered at Amsterdam are present in more than 150 nations and want to lead the industry globally. An innovative painting firm that is dedicated to science-based goals and is genuinely acting to address globally significant concerns and safeguard future generations would do this.
In the powder coatings industry, the acquired technology will be the only one that is commercially viable in 2020. It consists of thermally and UV-curable powders and will help us break into the ultra-low cure (80–100°C) market, creating new opportunities for powder application to temperature-sensitive substrates like MDF, plywood, thermoplastics, and composites.
2. Arkema S.A.
Headquartered in Colombes, close to Paris, France, Arkema S.A. is a publicly traded, multinational maker of specialised materials.
On December 15, 2022, Arkema will double the capacity of its India-based plant for powder coating resins.
3. Asian Paints Limited
An international paint firm with its headquarters in Mumbai, Maharashtra, India is called Asian Paints Ltd.
The first Greenfield facility built by Asian Paints was commissioned specifically for the production of powder coatings. Due to the strong growth rates seen in the white goods and the auto ancillaries sectors, powder coatings have become one of the industrial coatings markets with the fastest growth rates, growing at 20% annually.
4. Axalta Coating Systems
The business was founded in Bermuda and has its headquarters in Philadelphia, Pennsylvania.
A new growth strategy for Axalta's China powder coatings business was unveiled in 2019. In the following three years, the company will better positioned thanks to the new strategy to realise value in the premium Chinese powder coatings market.
Axalta concentrated on growing the premium powder coating market by launching fresh product lines and business models. Alesta, Abcite, and NapGard, three of its flagship brands, are well known in China for a wide range of end-user applications, including those in the transportation, construction, oil and gas pipelines, rebar, appliances, general industrial, and many other sectors.
5. BASF SE
The largest chemical producer in the world is the German multinational BASF SE in the German city of Ludwigshafen, it has its headquarters.
Neopentyl Glycol plant is going to be built by BASF in China at Zhanjiang Verbund site.
6. Bayer AG
One of the biggest pharmaceutical companies in the world is Bayer AG, a multinational German pharmaceutical and biotechnology company. In addition to pharmaceuticals, Bayer also sells consumer healthcare items, agricultural chemicals, seeds, and biotechnology products. Bayer is based in Leverkusen.
A new business unit at Bayer that focuses on powder coating raw materials has officially begun operations.
7. Berger Paints India Limited
Based in Kolkata, Bengal, India, Berger Paints Ltd. is an international paint business. There are 16 production facilities for this corporation in India, 2 in Nepal, and 1 each in Poland and Russia.
To combat COVID-19, Berger Paints provided antimicrobial powder coating to the healthcare industry. As a result of partnerships with numerous hospital furniture suppliers, the business is currently supplying its goods to the states of Odisha, Telangana, Kerala, and Andhra Pradesh.
8. DSM
A Dutch multinational corporation engaged in the food, health, and materials industries is called Koninklijke DSM N.V. DSM, which has its headquarters in Heerlen, employed 21,054 people as of the end of 2017 in about 50 different countries, and it projected net sales of €8.632 billion in 2018 and €9.204 billion in 2021.
For shipments beginning on July 14, 2008, or as contracts permit, DSM Powder Coating Resins has announced a price increase for its assortment of Uralac powder coating resins. Depending on the grade, prices can rise by up to EUR 0.12 per kilogramme.
*Definition: In order to produce a hard finish that is more durable than traditional paint, powder coating is a type of coating that is applied as a free-flowing, dry powder, commonly applied electrostatically and then cured under heat or with UV radiation.
