The dynamic powder coating industry is emerging from the challenges of 2020 with renewed vigor. Innovations and game-changing technologies are shaping the future of powder coatings, enhancing their performance, consistency, and reliability across a wide range of durable products.
Key Development
1. Low-Temperature Cure and Durability Standards
Recent advancements include low-temperature cure formulations, which not only save energy but also reduce the carbon footprint. These coatings meet high durability standards, such as the American Architectural Manufacturers Association (AAMA) 2605 and Qualicoat Class 3, ensuring longevity and color retention. These architectural specifications are crucial for commercial buildings, including skyscrapers and stadiums.
2. Sustainable Raw Materials
Sustainability is a key focus in the industry. Plant-based feedstocks and recycled plastic materials are gaining prominence. Low-temperature cure products contribute to sustainability by using less energy during the curing process.
3. Enhanced Corrosion Resistance and Edge Coverage
New binders exhibit improved corrosion resistance and edge coverage, enhancing the overall performance of powder coatings. These developments cater to heavy-duty industrial applications, where durability and protection are paramount.
4. Industry Outlook
The global powder coatings market is estimated to be around $12 billion, representing approximately 12.5% of the industrial coatings market. Growth is expected in 2021, driven by economic recovery, increased housing starts, and a shift towards lower volatile organic compounds (VOCs). The Asia Pacific region leads the way with a projected 6% growth, while North America follows at 3.4%.
Looking Ahead
The powder coatings industry continues to evolve, with ongoing research and development. As we move forward, expect further breakthroughs in sustainability, performance, and application techniques1. Stay tuned for more updates!