Report Predicts Powder Coatings Market to Reach $16.5 Billion by 2024
SHELBYVILLE, DE — Market research firm Global Market Insights Inc. has released a report, Powder Coatings Market, that forecasts the market will exceed a revenue of $16.5 billion by 2024 with a projected compound annual growth rate (CAGR) of 6% during the period of 2018-2024.
A strong business outlook in applications including the agricultural and construction equipment market, the architectural finishes market, and the outdoor furniture market are among the key factors propelling the powder coatings market. Shifting consumer focus towards the adoption of green building construction techniques along with surging preferences for eco-friendly building materials will drive market conditions in the projected timeframe.