What is the market prospect of powder coatings

Before investors enter an industry, they need to consider the development prospects of the industry. Some sunset industries are obviously not suitable for investment. To invest, they need to invest in sunrise industries that have not yet been discovered by many people. Powder coating is currently a sunrise industry in China with good market investment prospects.

Powder coatings have three main markets in the world, namely Europe, the United States, and Japan, but due to historical reasons and factors in raw material utilization, these regions have developed their own different product systems.

In the United States and Europe, "hybrid" powder coatings based on carboxylic acid polyester and epoxy resin are the most popular for indoor use. In North America, lawn and garden facility products are also an important market, accounting for approximately 7% of the entire powder coating market share. The ordinary metal surface coating industry is the largest market for powder coatings, accounting for about 50% of the entire market share.

The home appliance industry is an important application area for powder coatings, with applications in household appliances accounting for 17% of the entire powder coating market in the United States.

In recent years, the application and development of powder coatings in the automotive industry have also been very rapid.

Other market applications of powder coatings include anti-corrosion powder coatings used in pipelines and for enhancing threaded steel bars. This type of powder coating is mainly based on pure epoxy systems (fusion bonding type). This type of powder coating variety is almost ignored in the European rebar market, and both in terms of technology and market demand, this market field still has broad development space.

With a market, technology, and demand, powder coatings have all the necessary conditions for a thriving industry. You don't have to worry about the poor market prospects of powder coatings anymore, so feel free to join the powder industry.