Powder coatings have emerged as a popular finishing technique for various products, ranging from industrial machinery to consumer goods. With a durable finish, environmental advantages, and versatility, powder coatings have witnessed significant growth in recent years.
The market size for powder coatings was USD 14.7 billion in 2022 and is projected to reach USD 19.9 billion by 2028, at a CAGR of 5.2% during the forecast period. Economic growth in developing countries, end-use industry expansion, investment in infrastructure, stringent environmental regulations, and growing purchasing power drive the powder coatings market.