Kerry Pianoforte, Editor12.09.16
According to a new report published by Allied Market Research, titled, “World Powder Coatings Market – Opportunities and Forecasts, 2014–2022,” the powder coatings market is expected to generate $12,332 million by 2022. Powder coatings in the appliances application segment occupied the major volume share in 2015 and is expected to maintain its lead throughout the analysis period.
According to Allied Market Research analysts, the demand for powder coatings has increased owing to growing technological advancements and increasing demand from applications, namely, architectural; appliances; automotive; furniture; agriculture, construction, and earthmoving equipment (ACE) and general industrial. This trend is expected to continue as it is a volatile organic compound (VOC) and solvent-free. Strict environmental regulations also boost the growth of this market. The market has witnessed moderate growth during the past few years and is expected to grow at a CAGR of 6.3 percent, in terms of volume, during the analysis period.
Significant drivers of the market include increasing adoption of powder coatings over liquid coatings, support
According to Allied Market Research analysts, the demand for powder coatings has increased owing to growing technological advancements and increasing demand from applications, namely, architectural; appliances; automotive; furniture; agriculture, construction, and earthmoving equipment (ACE) and general industrial. This trend is expected to continue as it is a volatile organic compound (VOC) and solvent-free. Strict environmental regulations also boost the growth of this market. The market has witnessed moderate growth during the past few years and is expected to grow at a CAGR of 6.3 percent, in terms of volume, during the analysis period.
Significant drivers of the market include increasing adoption of powder coatings over liquid coatings, support
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