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Powder Coating Market Projected To Grow At 7% CAGR Till 2024 - Research Rep... PowerPoint PPT Presentation


Powder coating market is expected to grow at a significant pace from 2016 to 2024 due to its application versatility and market innovations. Powder coating is the process in which dry powder is first electrostatically charged and then applied as a coating on the product surface.

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Powder Coating Market Projected To Grow At 7% CAGR Till 2024...

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Powder coating market projected to grow at 7 cagr till 2024 research report by hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

Powder Coating Market Research Report - Global Industry

Analysis, Size, Growth and Forecast to 2024 | Hexa Research

The global powder coating market is expected to grow at a healthy CAGR of over 7 % over

the forecast period (from 2016 to 2024). Strong automobile production outlook in Brazil,

China, Germany, and Malaysia is anticipated to drive the global market across various

applications such as door handles, rims etc. Steady raw materials supply is said to result in

a stable price trend during the next few years. The global market is categorized as

applications and regions.

The application sector includes architecture, automotive, industrial, consumer goods, and

furniture. The consumer goods sector dominated the global market in 2015 occupying over

23 % of the total revenue. This is mainly because coatings provide a supple, consistent

finish that resists cracking and/or peeling. In addition to this, the rising demands for

domestic appliances such as freezer cabinets, microwave ovens, washing machines etc.,

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Powder coating market projected to grow at 7 cagr till 2024 research report by hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

are also projected to augment the market growth. The automotive sector is also expected to

witness a rapid growth with a CAGR of over 8 % during the estimated years. Shelving

systems, outdoor metal furniture, metal cabinets etc. are several other lucrative applications

with a revenue forecast of over USD 3 billion by 2024. The advent of Medium Density Fiber

Board (MDF) has strengthened the wood furniture application scope over the few years.

Browse Detail Report@

https://www.hexaresearch.com/research-report/powder-coatings-industry

Regionally, North America dominated the global powder coating market with revenue of

USD 2 billion. However, the region may lose its share as a result of a long-time presence

and awareness of liquid coatings intended for the architectural applications in the United

States. The European regional market is expected to gain a share of over 890 kilo tons by

2024. The major factor driving the European market is the growing production of

automobiles in Hungary, Germany, Romania, United Kingdom, and Austria with the

production base of automobile manufacturers such as Chevrolet, Lincoln, Daimler-Chrysler,

Dodge, and Mercedes-Benz. The APAC region is also anticipated to witness huge growth

on account of rapid growth across various sectors such as consumer goods, infrastructure,

and automotive. The Middle East & Africa and Latin America regions are comparatively

immature markets; however, they may provide lucrative opportunities for the market players

during the next few years.

Some of the major companies in the global powder coating market are PPG Industries;

Axalta Coating Systems; and Akzo Nobel N. V.

Browse Related Category Market Reports @

https://www.hexaresearch.com/research-category/paints-coatings-and-printing-inks-

industry

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Powder coating market projected to grow at 7 cagr till 2024 research report by hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

About Us:

Hexa Research is a market research and consulting organization, offering industry reports,

custom research and consulting services to a host of key industries across the globe. We

offer comprehensive business intelligence in the form of industry reports which help our

clients obtain clarity about their business environment and enable them to undertake

strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

Felton Office Plaza

6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: [email protected]

Website - http://www.hexaresearch.com/

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Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


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