History of Powder coating technology (1950-2020)

 The 1950s

• Beginning of development: Powder coating technology was first developed in the 1950s. Initially, the focus was on applications for electrical insulation. The United States and Germany were the main centers of development.
  

1960s

• Early commercial use: In the 1960s, commercial use began, primarily in industrial applications. Thermosetting powder coatings baked at high temperatures were developed and used to improve corrosion and wear resistance of metal products.
  

1970s

• Technological Improvements and Diffusion: In the 1970s, the application of powder coatings was greatly improved with the introduction of electrostatic coating technology. This enabled powder coatings to adhere more evenly to the object, improving coating quality. With this innovation, the market for powder coatings began to expand.
  

The 1980s

• Environmental Considerations: In the 1980s, powder coatings began to attract attention as an environmentally friendly paint. Because they do not contain solvents, they do not emit volatile organic compounds (VOCs), and their advantages were recognized as environmental regulations became more stringent.
  

1990s

• Technology Diversification: In the 1990s, new technologies were developed, such as ultraviolet (UV)-curable powder coatings and low-temperature curable powder coatings, which could be applied to heat-sensitive materials such as wood and plastics.
  

2000s and Beyond

• Global Market Expansion: Since the 2000s, the market for powder coatings has expanded rapidly, especially in the Asia-Pacific region. With the advance of technological innovations, powder coatings are widely used in a variety of fields, including automobiles, home appliances, and building materials.
  

Latest Trends

• Sustainability and Innovation: In the 2020s, powder coatings using recycled materials and more environmentally friendly technologies will be the focus. Companies such as Kansai Paint are establishing new production facilities and strengthening technology development
  

Powder coating technology is projected to grow substantially from 2024 to 2032. Below are the main points of the forecast

• Market expansion: The market size is estimated to be about $15.2 billion in 2023 and is expected to reach about $26.3 billion by 2032. This represents a compound annual growth rate (CAGR) of 6.2% ( Global Market Insights Inc.).
  
• Growth drivers: The introduction of cold curing powders, lower application costs compared to liquid coatings, and strong prospects in the furniture industry are driving growth ( Global Market Insights Inc.).
  
• Regional growth: Asia Pacific is leading the market, which is expected to reach approximately $9.1 billion in 2023 and $16.3 billion in 2032. Rapid industrialization and urbanization are supporting this growth ( Grand View Research ) ( American Coatings Association ).
  
• Technological innovation: Improved weatherability, advances in color matching technology, and the use of recyclable materials. In particular, the introduction of UV-curable and NIR-curable powder coatings is creating new market opportunities ( AmericanCoatingsAssociation ).