China
Sponsored by
by Arnold Wang
China Columnist
Environmental benefits drive
quick growth of powder
coatings market
Powder coatings contain no solvents and re-
lease 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 mil-
lion 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 catch-
ing up both on technology advancement and on
individual company’s production capacity.
Domestic powder coatings
companies speed up their
growth in a positive market
environment
Powder coatings are usually applied on metal
surfaces because of powder coatings’ excellent
protection properties and surface decoration
performance. With footsteps all over China
now, AkzoNobel is without a doubt the number one powder coatings company in the local
market. Based on the company’s H1 financial
statement, their industrial and powder coatings
revenue was up 11 percent. Demand trends
were positive for Asia and powder coatings
continued to show strong growth momentum.
Market
competition is
getting fiercer
in traditional
downstream
markets for
powder coatings.
So it is inevitable
that some
powder coatings
companies are
trying to break
into new markets,
such as the wood
furniture market.
Powder Coatings Break Into
Wood Furniture Market
