New Dawn of Powder Coating Market at the Eastern Horizon
According to a study of the global powder coatings market, Asia-Pacific was the region with highest revenue contribution during 2015. Going by the latest developments, the projected growth is right on track of time. While China already claims a whopping one-third of global revenue figures, India is the rising star of the decade. The latter specifically, exhibits a steep incline towards successfully invading market shares of the leading geographies across the world.
AkzoNobel’s expansion into Indian grounds to unfold novice manufacturing operations in the powder coating segment marks a new era altogether. The groundbreaking ceremony for the $10 million investment project was held in Mumbai, India in late August, 2016. The company already has an established manufacturing facility for powder coatings at Bangalore, India. Both the units will work in sync to attend to the increased demand across the nation.