The report presents an in-depth assessment of the Powder Coatings including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future road-map, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Powder Coatings investments from 2019 till 2025.
The global powder coating market size surpassed the value of USD 10.0 Billion in 2018 and expected to expand at a moderate CAGR from 2019 to 2025. With the innovation pertaining to technological advancement and rising income levels across the globe, the demand for household appliances has been increasing. Such a positive development is expected to further boost the requirement for powder coatings in the appliance industry.
Analyst Commentary :
Competitive landscape of the global powder coatings market depicts significant fragmentation. The market comprises large multinational players offering innovative products that matches the demand of their customers. These manufacturers are increasingly emphasizing on the research and development of powder coatings by abiding to the stringent regulations. Due to the growing competition, companies are also seeking alternatives to enhance business profits and reduce additional costs.