Infinium Global Research Global Powder Coatings Market Trend Analysis and F | Page 3

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High adoption of the technology in the automotive sector on account of
excellent performance, low operational costs, wide color availability and
custom properties such as anti-corrosion and anti-bacterial functions are
considered to be major market drivers for powder coating market. Moreover,
rising application of powder coatings in several sectors such as household
appliances, industrial and construction is also supporting the growth of this
market. However, fluctuating costs of raw material used to manufacture
powder coatings is considered to be the key restraining factor of powder
coating market.
Segments Covered:
The report segments the powder coatings market by product type, by
application and by region. Market segmentation based on the product type
includes water based coatings; Solvent based coatings and powder coatings.
On the basis of application market segmented into automotive, steel,
architectural, marine, furniture and consumer goods. Moreover, consumer
good is the fastest grown segment and accounted more than XX% of market
share followed by automotive industry X%.
Infinium Global Research