Chemical industry reports Powder Coating Market Applications

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Powder Coating Market Analysis, Size, Share, Growth, Industry
Trends and Forecast Report up to 2024 | Hexa Research
“Powder coating market is expected to grow at a
significant pace from 2016 to 2024 due to its
application versatility and market innovations.”
The Global Powder Coating Market is expected to grow at a healthy CAGR of over 7 % over the forecast
period (from 2016 to 2024). Strong automobile production outlook in Brazil, China, Germany, and Malaysia is
anticipated to drive the global market across various applications such as door handles, rims etc. Steady raw
materials supply is said to result in a stable price trend during the next few years. The global market is
categorized as applications and regions.
The application sector includes architecture, automotive, industrial, consumer goods, and furniture. The
consumer goods sector dominated the global market in 2015 occupying over 23 % of the total revenue. This
is mainly because coatings provide a supple, consistent finish that resists cracking and/or peeling. In addition
to this, the rising demands for domestic appliances such as freezer cabinets, microwave ovens, washing
machines etc., are also projected to augment the market growth.
Browse Details of Report @ https://www.hexaresearch.com/research-report/powder-coatings-industry
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