The powder coatings market is growing rapidly, driven by demand for durable, eco-friendly finishes across industries like automotive and construction, along with technological advancements.
A recent report by MarketsandMarkets forecasts the global powder coatings market to grow through 2029, propelled by demand in emerging economies and diverse industrial sectors.
According to a report from MarketsandMarkets, 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.
The global powder coatings market is estimated to be ~$13 billion and ~2.8 million MT in volume. It accounts for ~13% of the global industrial coatings market, and there are more than 1,200 companies involved in production and sales of powder coatings. This article discusses some of the emerging trends impacting this industry.
Research firm Global Market Insights Inc. has released a report that forecasts the market for powder coatings will exceed a revenue of $16.5 billion by 2024.
The size of the global powder coatings market in 2017 was USD 9.33 billion and is projected to reach USD 14.70 billion by 2025, growing at a CAGR of 5.8% over the forecast period. Major factors that are driving the market are increasing demand from end-use industries including automotive, consumer goods, architectural, general industries and furniture.
According to research firm Allied Market Research, the powder coatings market in Southeast Asia is expected to reach $295.9 million by 2022, up from $222.7 million in 2015, with a CAGR of 4.2% from 2016 to 2022.
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 market study released by Transparency Market Research, the global powder coatings market is expected to expand rapidly in the coming years thanks to growing demand for consumer goods from the emerging BRICS (Brazil, Russia, India, China and South Africa) economies.
