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Powder Coating Market Share, Size, Analysis, Growth, Trends and Forecasts to 2024 | Hexa Research
“Powder Coating Market Projected To Grow At 7%
CAGR Till 2024�
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, ri ms 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, an d 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
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