From wikipewdia:
Powder coating is a type of coating that is applied as a free-flowing, dry powder. The main difference between a conventional liquid paint and a powder coating is that the powder coating does not require a solvent to keep the binder and filler parts in a liquid suspension form. The coating is typically applied electrostatically and is then cured under heat to allow it to flow and form a "skin".
I saw a sample with two layers of clear coat. Didnt look good at all. The color had a hazy look and did not shine that nicely compared to my wheel.
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