Kerry Pianoforte, Editor12.04.17
Powder coatings unlike some traditional liquid coatings, do not require solvents in their formulation and are considered to be 100 percent solids. Powder coatings are typically applied electrostatically and then oven-cured. The end result is a hard finish that is often tougher than most conventional liquid coatings. Powder coatings can be used for a wide variety of applications and end-use markets such as automotive parts, outdoor furniture, home appliances and metal furniture and architectural metal.
According to Chemark Consulting Group, powder coatings continue to take small meaningful SOM (share-of-the-market) chunks of the global coatings market segment real-estate. While aggregating all types of global coatings together, it grew from $125.5 million in sales revenue in 2015 to $126.5 million in 2016, only a 1.1 percent AGR. Conversely, powder coatings increased its SOM by 1 percent (from 6 percent in 2015 to 7 percent in 2016) and grew at 3.7 times the remainder of the coatings industry rates, at 3.9 percent.
According to Chemark analysts, powder coatings 2015 revenue at $7,951MM in 2015 grew at 3.7 percent to $8,248MM in 2016.
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According to Chemark Consulting Group, powder coatings continue to take small meaningful SOM (share-of-the-market) chunks of the global coatings market segment real-estate. While aggregating all types of global coatings together, it grew from $125.5 million in sales revenue in 2015 to $126.5 million in 2016, only a 1.1 percent AGR. Conversely, powder coatings increased its SOM by 1 percent (from 6 percent in 2015 to 7 percent in 2016) and grew at 3.7 times the remainder of the coatings industry rates, at 3.9 percent.
According to Chemark analysts, powder coatings 2015 revenue at $7,951MM in 2015 grew at 3.7 percent to $8,248MM in 2016.
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