“Notwithstanding the high growth opportunities for powder coating manufacturers in the automotive sector, the market has offered a host of technological advancements relating to raw materials, instrumentation, and pigmentation,” Dhanush Honnappa, senior research associate at Grand View Research reported in the study.
In his report, Honnappa noted: “In the past few years, new raw material suppliers in the powder coatings market have focused on innovations to improve the production process. One such innovation is the development of self-healing coating technology by Autonomic Materials, Inc. (AMI). This technology employed microcapsules derived from core-shell morphology. Such futuristic developments in the industry have encouraged manufacturers to target new and prospective business segments.”
Powder coatings manufacturers I spoke with for this article echoed this sentiment:
“Everything we do is driven by market needs and providing more sustainable solutions for our customers around the world – whether that’s reducing baking temperatures, removing process steps through dry-on dry-application, improved material usage through lower applied film builds, improving the longevity of the coated article through improved UV durability/corrosion-protection performance, or adding more functionality to the coatings,” said Daniela Vlad, business unit director Powder Coatings, AkzoNobel. “Providing the ultimate powder solutions and helping our customers to reach their sustainability goals are at the core of our work. Our ambition is to make powder coatings available to as many markets as possible, as it is a very sustainable technology.”