Materials & Chemicals Market Research News

Discover the United States' powder coatings market report for 2017

The global powder coatings market size was USD 8.66 billion in 2015 and is expected to witness significant growth over the forecast period primarily owing to its various superior properties over conventional paints including high resistance to corrosion

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, high-quality finish, chipping and abrasion, durability, cost-effective, and reduced processing time.

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Rising applications in numerous sectors including automotive, industrial, and construction will augment market growth over the forecast period. Powder coatings are solvent free resulting in negligible volatile organic compounds (VOC) emissions which in turn makes these products environment friendly, thereby fueling demand.

Advantages of powder coatings over traditional wet paint systems such as controlled film thickness and easy rectification of poorly coated areas are likely to be the primary factors driving market demand over the next eight years.

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High adoption of the technology in the automotive sector on account of excellent performance, low operational costs, wide color availability, and custom properties such as anti-corrosion and anti-bacterial functions will stimulate market size over the next eight years. Increasing usage in windows, doorframes, building facades, kitchen, bathroom, and electrical fixtures will promote industry expansion over the forecast period.

Growing demand for metal furniture coupled with the availability of the product in various shades and finishes is expected to propel demand. Technological advancements including minimization of costs are expected to drive the market growth over the forecast period.

However, high energy consumption is projected to restrain industry expansion over the forecast period.

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