Powder Coating Material Development Opportunities to Fuel Growth
Worldwide, nearly $4 billion of powder coating materials are applied annually in industrial operations. They represent 8-9% of industrial finishes, are employed in virtually every metal finishing market segment, and have begun to be used in a variety of plastic, wood, textile, and paper applications. Global annual growth over the last two decades has ranged from 15-20% per year to the current 5-7%.