Metallic Powder Coatings Market | Exclusive Report on the Latest Trends and Opportunities in the Market

Metallic powder coatings are usually used to provide metallic finishing to several end-use products such as architectural products, appliances, furniture, etc. to increase their attractiveness. These coatings contain aluminium pigments, mica pigment, and others. They are usually manufactured using three ways: extrusion, blending, and bonding. The immediate availability of metallic powder coatings, their uniform thickness, and no emission of VOC are among the key prospects that are positively influencing the development of this market.

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An upsurge in the demand for coatings of joysticks, horns, wipers, wheels, chassis, and other components majorly of vehicles are creating lucrative opportunities for the potential progress of the market. The growing requirement from aerospace, construction, automobiles, furniture, automotive, electronics, etc. is further driving the progression of this market.

Some of the key insights about the global metallic powder coatings market are given below:

  • The global metallic powder coatings market has five key regions viz. Europe, Latin America, North America, Middle East and Africa, and Asia Pacific provide us with a better understanding of its working dynamics. The rapid progression of industries and commercial buildings in developing countries like Japan, Thailand, Malaysia, South Korea, and India is contributing significantly to the rise of the Asia Pacific region in the metallic powder coatings market.  Additionally, government regulations for producing investments among the metallic powder coatings sector are accelerating the further advancement of the market.

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  • A new collection of industrial powder coatings known as Alesta BE+ was launched in Mexico, in June 2020 by Axalta Coating systems. Axalta Coating systems is a leading supplier of liquid and powder coatings and the company aims to minimize environmental pollution. Alesta BE+ is a sustainable product launched by this company and is made up of Triglycidyl Isocyanurate free technology.

Metallic Powder Coatings Market: Growth Analysis between 2020 and 2030

The metallic powder coatings market is estimated to gain stable growth across the assessment period of 2020-2030 on the back of the rising demand for the coatings in a wide number of applications. The excellent properties of metallic powder coatings make them a hit among many end-users. All these aspects bode well for the growth of the metallic powder coatings market.

A metallic powder coating is a broad term used for describing powder coatings that have mica pigment, aluminum pigments, and others. The properties of metallic powder coatings such as excellent color retention, gloss retention, and weathering properties make them one of the best materials for use in applications across the furniture industry, architectural work, sports goods industry, automotive industry, lighting industry, fitness equipment, and others.

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On the basis of resin type, the metallic powder coatings market can be classified into polyurethane, polyester, epoxy, hybrid, and others. Based on pigment type, the metallic powder coatings market is segmented into mica, aluminum, and others.

Advancements in Material Research and Novel Compositions to Boost the Growth Prospects of the Metallic Powder Coatings Market

Research and development activities are focused upon greatly by the players in the metallic powder coatings market. The players invest in these activities for finding new formulations and materials that make the coatings more efficient. These aspects ultimately bring good revenues for the players in the metallic powder coatings market.

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Asia Pacific to Reign Supreme across the Metallic Powder Coatings Market

The metallic powder coatings market in Asia Pacific will gain a dominant position in terms of regional growth between 2020 and 2030. Rapid industrialization across densely populated countries like China and India may bring extensive growth for the metallic powder coatings market in Asia Pacific. North America and Europe may contribute moderately to the growth of the metallic powder coatings market.