Project Report For Powder coating
Project report for Powder coating is as follows.
Increased industrialisation and fast urbanisation are driving the Indian powder coatings industry. It’s also driven by increased demand from industries including automotive, general industry, and more. The India powder coating market’s expansion is projected to be stifled by increased competition from alternatives.
Infrastructural improvements are driving a significant increase in India’s powder coatings market share in the Asia-Pacific region. Powder coatings are used in a wide range of sectors, including automotive and architecture. With an increase in demand for outdoor furniture, thermoplastic powder coatings are seeing an increase in order. The market in India is expected to increase as a result of these factors.
It is possible to cover something with a free-flowing dry powder called powder coating. Powder coating is applied electrostatically and then cured with heat or UV radiation, unlike ordinary liquid paint provided by an evaporating solvent. A thermoplastic or a thermoset polymer can be used to make the powder. A strong finish that is harder than standard paint is commonly achieved with this product.
Powder coating is most commonly used for domestic appliances, aluminium, drum hardware, and automotive parts when it comes to coating metals. Metal items get a strong finish from powder coatings. These coatings make it harder to achieve thin finishes. Uneven texture can be created by thickening the polymer.
Market potential & Strategy
From INR 8,70 billion 2020 to INR 11,.8 billion in 2025 at a CAGR of 5.2 per cent is the predicted growth of the powder coatings market.
The powder coatings market in APAC, particularly China, India, and South-East Asia, is expected to develop at a rapid pace during the next few years. Consumption of consumer goods, autos, and furnishings have been on the rise as a result of rising disposable income.
Automotive, appliances, furniture, architectural, general industrial, and other sectors can benefit from powder coating. The need for powder coatings is increasing, and new applications are being created to meet this demand.
The growth of the furniture and appliance sectors is expected to continue. Powder coatings are also being used extensively in the IT and telecommunications industries, which are also emerging areas. A variety of automotive parts such as the radiator coil spring, the shock absorber and breaking parts are also powder coated. Powder coatings are in high demand because of the rise of these sectors. There is predicted to be an increase in automotive manufacturing in developing countries like India, China, Brazil and Mexico, as well as an increase in the demand for medical gadgets. In addition, the furniture industry will benefit from significant product adoption due to its superior performance, cheap operational costs, colour availability, and custom features, such as anti-corrosion and anti-bacterial activities.
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