Powder coating refers to a dry exterior finishing layer applied to goods to improve their protective properties and aesthetic appeal. Polymer saps, flow consistency admixtures, colours, and various additional additives are mixed, liquefied, chilled, and then set into a homogeneous structure in the general cycle. Polyester-based metallic powder coatings are ideal for external applications where a good ornamental finish is required, as they have outstanding flow and durability. The metallic powder coatings market is being driven by rising demand for metallic pigments from the architectural and automotive sectors as well as significant organised and unstructured aftermarkets for wheels.
COVID-19 Impact analysis
The emergence of COVID-19 has caused a halt in the production of raw materials used in the manufacture of paints and coatings. Paint and coatings manufacturing centres in Asia include India, China, Japan, Singapore, and
Thailand, as well as significant suppliers of raw materials. The new coronavirus epidemic in APAC has disrupted the availability of these basic materials. For example, China is a significant resin provider, exporting a million tonnes of resin to the worldwide market. The manufacturing of paints and coatings has been slowed due to a shortage of raw ingredients. All private structures and construction sites, government projects, and refinish automobile firms will be severely impacted in April 2020. Due to the market shutdown, retailers are also cancelling large orders of paint and coatings goods that had already been placed. End-use COVID-19 is preventing customers from purchasing costly coating technologies such as polyurea and polyurethanes from distributors and shops. Overall, the stoppage of construction and building activity has affected sales of paints and coatings goods at the distributor level.
Top Impacting Factors
Metallic powder coatings are widely used in the architectural sector due to their outstanding weathering characteristics, colour, and gloss preservation. Their corrosion resistance and weather ability make them ideal for applications such as façades, curtain walls, windows, doors, aluminium profiles, sheet metal, cladding, and other external architectural applications. Metallic pigments have become a viable alternative for the automobile sector due to rising customer desire for unique and appealing goods. The market's expansion has been aided by the growing acceptance of aluminium pigments in the automobile industry. Metallic pigments have become a viable alternative for the automobile sector due to rising customer desire for unique and appealing goods. The market's expansion has been aided by the growing acceptance of aluminium pigments in the automobile industry.
Market Trends
- Metallic pigments in eco-friendly paints and coatings are projected to witness a rise in demand as people become more aware of the need of using goods with low carbon footprints. Since a result, the usage of metallic pigments in powder coatings is rapidly expanding, as they offer a larger range of color options to customers.
- The development of lightweight materials has been a constant in the automobile industry. Over time, the average percentage of carbon fibre reinforced composites and aluminium utilized in cars has steadily increased.
- Aftermarket businesses have been focused on creating light-weighting technologies in response to the increased demand for lighter, quicker, and better performing cars as well as rising fuel prices. In order to deliver a satisfying reding, aftermarket players are developing wheels with new materials/composites that provide improved grip while maintaining high performance and strength.
- Aftermarket businesses have been focused on creating light-weighting technologies in response to the increased demand for lighter, quicker, and better performing cars as well as rising fuel prices. In order to deliver a satisfying reding, aftermarket players are developing wheels with new materials/composites that provide improved grip while maintaining high performance and strength.
- Aftermarket businesses have been focused on creating light-weighting technologies in response to the increased demand for lighter, quicker, and better performing cars as well as rising fuel prices. In order to deliver a satisfying reding, aftermarket players are developing wheels with new materials/composites that provide improved grip while maintaining high performance and strength.
- The metallic powder coatings market is being driven by a surge in demand for metallic hues from architectural and automotive businesses, as well as large set-ups and individual retail markets for wheels. Metallic hues are a potential for the automobile industry in the near future, thanks to changing customer desire for unique and eye-catching products.
- The increased awareness of aluminium hues in the automobile industry has helped to propel the market forward. The growing awareness of the need of using low-carbon materials is projected to increase demand for metallic hues that are environmentally friendly paints and coatings. Since a result, the use of metallic colors in powder coatings is rapidly increasing, as they provide consumers with a wider range of color options.
- Between 2020 and 2025, the architectural industry will be the largest end-use industrial category in terms of both volume and value. Metallic powder coatings are becoming more popular in the architectural sector due to their great durability and wide range of treatments and hues. In this end-use sector, APAC leads the market, followed by Europe and North America.
- Interior and exterior metallic powder coatings for architectural applications include facade panels, metal structures, railings, and window and door frames. Paint experts and do-it-yourselfers in residential and commercial structures typically apply these coatings. They're utilized to coat aluminium and steel, both inside and out, for both internal and exterior applications.
- Between 2020 and 2025, hybrid resin will be the fastest-growing resin sector in terms of volume. Epoxy resin is mixed with polyester resin to create a powder that has many of the same properties as epoxies. They are mostly utilized for indoor purposes. All thermoset powder coatings, including epoxy-polyester hybrids, have some of the finest transfer efficiencies. Appliances, shelves, office furniture, fixtures, and general industrial applications all benefit from these hybrid powder coatings. The requirement for both aesthetic and practical uses can be met by modifying hybrid formulations.
Key Benefits of the Report
- This study presents the analytical depiction of the metallic powder coatings market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the metallic powder coatings market share.
- The current market is quantitatively analyzed to highlight the metallic powder coatings market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed metallic powder coatings market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Metallic Powder Coatings Market Report
- Who are the leading market players active in the metallic powder coatings market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- What are metallic powder coatings?
- What does metallic powder coatings allow organizations to achieve?
- Which technologies combine to make metallic powder coatings critical organizational asset?
- What are the current trends and predicted trends?