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Environmental Benefits Drive Quick Growth Of Powder Coatings Market

Powder coatings contain no solvents and release no volatile organic compounds (VOC) into the environment. Thus, there is no longer a need for extra investments to purchase costly pollution control equipment. Powder coatings can produce thicker coatings than conventional liquid coatings easily. Multiple benefits linked with powder coatings enables the market of powder coatings to grow quickly worldwide. Double digit growth in the powder coatings market has been seen in China for several years and the total output of powder coatings in 2016 is estimated to be approximately two million tons. Foreign brands such as AkzoNobel and Axalta control the high-end segment of the Chinese powder coatings market, but Chinese powder coatings companies are quickly catching up both on technology advancement and on individual company’s production capacity