Chemical Market Reports Global Powder Coating Market Research Report
Hexa Research
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Powder Coating Market Research Report - Global Industry
Analysis, Size, Growth and Forecast 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.,
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