The powder coatings market is expected to grow from USD 10 billion in 2017 to around USD 16.5 billion by 2024, according to a 2019 Global Market Insights, Inc. report. Strong business outlook with versatile applications including architectural, agricultural/construction equipment, decorative, A&T components, and outdoor furniture are among the key factors propelling the powder coating market share. Shifting consumer focus towards the adoption of new green building construction techniques along with surging preferences toward eco-friendly building materials will promulgate overall industry scenario in the projected timeframe.
The incorporation of new & sustainable solutions and rapid technological advancements to meet the efficiency, durability, and environmental requirements will fuel the powder coating market expansion. Besides, consumer preferences toward powder variants due to the major properties including durability, corrosion resistance, and high luster & shine will further augment product portfolio.