Chemical industry reports Powder Coating Market Applications | Página 2

Your Catalyst To a Lucrative Business The automotive sector is also expected to witness a rapid growth with a CAGR of over 8 % during the estimated years. Shelving systems, outdoor metal furniture, metal cabinets etc. are several other lucrative applications with a revenue forecast of over USD 3 billion by 2024. The advent of Medium D ensity Fiber Board (MDF) has strengthened the wood furniture application scope over the few years. Regionally, North America dominated the global powder coating market with revenue of USD 2 billion. However, the region may lose its share as a result of a long-time presence and awareness of liquid coatings intended for the architectural applications in the United States. The European regional market is expected to gain a share of over 890 kilo tons by 2024. The major factor driving the European market is th e growing production of automobiles in Hungary, Germany, Romania, United Kingdom, and Austria with the production base of automobile manufacturers such as Chevrolet, Lincoln, Daimler-Chrysler, Dodge, and Mercedes-Benz. The APAC region is also anticipated to witness huge growth on account of rapid growth across various sectors such as consumer goods, infrastructure, and automotive. The Middle East & Africa and Latin America regions are comparatively immature markets; however, they may provide lucrative opportunities for the market players during the next few years. Some of the major companies in the global powder coating market are PPG Industries; Axalta Coating Systems; and Akzo Nobel N. V. Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/paints-coatings-and-printing-inks-industry Follow Us: