According to a new study by Global Market Insights, the global powder coatings market is forecast to exceed 3,800 kilo tons by 2023, growing at a CAGR of 6.8 percent.
According to a new report by Allied Market Research, Automotive Refinish Coatings Market, the global market for automotive refinish coatings will be worth $11.3 billion by 2021.
With one of the highest standards of living, Canada is similar to the United States as an international leader in per capita coatings consumption rates at 8.4 kg/person.
The global powder coatings market is an emerging market in the coatings industry and is projected to reach $12.48 billion by 2020, according market research firm Grand View Research Inc.
Despite some challenges the outlook is positive, with steady growth across a number of sectors, from an increase in single-family construction and residential green building, to the growing remodeling market, to the expected entrance of millennials into the home-buying market.