Powder coatings continue to expand their share of the industrial coatings market mainly because of their high performance combined with excellent economics. The application of powder coatings can be highly efficient, as the oversprayed material can be collected and recycled back into the finishing process. This minimizes waste streams, which allows powder’s environmental profile to align well with both corporate and regulatory sustainability goals.
Experts forecast robust growth of powder coatings. Global sales of powder coatings in 2021 are estimated to be around $12.5 billion (€10.6 billion) with a volume of approximately 5.5 billion lbs. (2.5 million tonnes). Growth is projected at 3.9% to 5.4% per annum for the next five years.