The market trends for Powder Coating businesses are shifting. Growth opportunities are important whenever we discuss the coatings industry. The Indian powder coating and paint market is estimated at $9.56 billion to $9.60 billion in 2024. Let’s have a brief report about the challenges the powder coating industry faces and major areas that can be improved to achieve massive growth in this industry.
The powder coating businesses need to follow trends and opt for technological upgrades with time, it will drive them towards growth and generate more revenue for them. Rising demand for advanced coatings such as TGIC-free and antimicrobial powders is driven by stricter environmental norms and post-COVID health concerns.
Sustainability is one of the key demands in the powder coating industry today. Additionally, shelf life remains a significant concern for dealers, highlighting the need for manufacturers to focus on extending product shelf life. Alongside sustainability, the global market is witnessing numerous technological advancements, presenting opportunities for the Indian powder coating industry to adopt and integrate these innovations.
UV Coatings Adoption is also one of the trends that are getting the attention of the market. Currently, most of the manufacturers offer liquid UV coatings, the UV Power Coatings are rising and have a bright future as well. India has started exploring UV powder coating, but its adoption remains limited compared to global markets, particularly Europe and North America.