Chemical industry reports Powder Coating Market Share and Analysis, 2024

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Powder Coating Market Share, Size, Analysis, Growth, Trends and Forecasts, 2016 to 2024 | Hexa Research 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. The automotive sector is also expected to witness a rapid growth with a CAGR of over 8 % during the estimated years. Shelving Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/