Under the background of environmental protection, the scale of powder coating market continues to expand

Powder coating refers to a solid powder coating made from synthetic resin as raw material through processes such as premixing, extrusion, cooling, crushing, and sieving. Powder coating has the advantages of being harmless, non-toxic and environmentally friendly.

The upstream of the powder coating industry chain supplies raw materials. As the main raw material for powder coatings, synthetic resin accounts for nearly 50% of its production costs. In recent years, the prosperity of my country’s synthetic resin industry has continued to improve, and output has shown a continued growth trend. In 2021, my country’s synthetic resin output reached 108.152 million tons, a year-on-year increase of 5.1%. According to the “2022-2027 Powder Coating Industry In-depth Market Research and Investment Strategy Suggestions Report released by Synaptics Industrial Research Center, Against the background of sufficient supply of raw materials, powder coating production continues to increase. In 2021, my country’s powder coating production will reach 2.552 million tons, a year-on-year increase of 11.5%. The Yangtze River Delta region is my country’s main powder coating production area, accounting for nearly 50% of the total powder coating output.

Driven by technological innovation, the application fields of powder coatings in my country continue to expand, including household appliances, building materials, furniture manufacturing, agricultural engineering machinery, automobile manufacturing, etc. At present, powder coatings account for the highest demand in the construction materials market. With the rapid development of the real estate and infrastructure construction industry, the production of building materials continues to increase. Powder coatings are widely used in commercial and residential projects due to their durability, anti-corrosion, aesthetics and other advantages. Driven by demand in construction materials and other fields, powder coatings have gained broad market space.

Thermosetting powder coatings are the mainstream products in the powder coatings market, accounting for nearly 96.0% of the powder coatings market. Thermosetting powder coatings use thermosetting resin as the film-forming substance and have excellent anti-corrosion and mechanical properties. They are widely used in metal surface protection and decoration, such as home appliance casings. According to different raw materials, thermosetting powder coatings can be divided into thermosetting epoxy powder coatings, thermosetting polyurethane powder coatings and thermosetting polyester powder coatings. In 2021, my country’s thermosetting powder coating output will exceed 2.40 million tons. The output of thermosetting powder coatings continues to grow, providing driving force for the development of the powder coatings industry.

The “Technical Requirements for Low Volatile Organic Compound Content Coating Products” jointly issued by the State Administration for Market Regulation and the Standardization Management Committee will be implemented in February 2021. It clearly states that powder coatings are low volatile organic compound content coating products and can be widely used. . This will drive the penetration rate of my country’s powder coating market to continue to increase.

Industry analysts said that with the continuous development of the economy and increasingly strict environmental protection supervision, driven by market demand, the size of the powder coating market continues to grow. expand. As a subdivided product of powder coatings, the output of thermosetting powder coatings continues to increase. my country is a major paint producer in the world. With the continuous expansion of application fields, powder coatings, as non-toxic and harmless paints, will gain broad development prospects with the support of government policies.