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The global market for powder coat is expected to reach USD 12.48 billion by 2020, according to a new study ~ dint of. Grand View Research, Inc. Growing nurture for the use of powder coatings in compare to conventional liquid paints by regulatory agencies similar as EPA and REACH on regard of negligible VOC emissions is expected to be a key driver for market putting out. In addition, growing application demand with regards to automotive, appliances and consumer commodities is also expected to drive pulverized substance coating sales over the next six years.
Consumer movables are the largest application market on this account that powder coatings, with estimated consumption of 437.3 kilo tons in 2013. Automotive and inaccurate Industries were the key application markets, by combined powder coating sales expected to space USD 5.11 billion by 2020. Powder coating demand in furniture was relatively slight in 2013 but is expected to notice substantial growth of over 7.6% from 2014 to 2020.
The make known “Powder Coatings Market Analysis By Application (Automotive, Consumer Goods, General Industry, Architectural, Furniture) And Segment Forecasts To 2020,” is advantageous now to Grand View Research customers and have power to also be purchased directly at http://www.grandviewresearch.com/endeavors-analysis/powder-coatings-market-analysis
Further key findings from the study suggest:
• The global market for powder coatings was 1,977.1 kilo tons in 2013 and is expected to extend 3,202.5 kilo tons by 2020, growing at a CAGR of 7.2% from 2014 to 2020. • Asia Pacific was the largest regional market for powder coatings, with estimated expenditure of over 900 kilo tons in 2013. This be possible to be attributed to the presence of expanded manufacturing setup in the region, especially in India and China, like well as rapidly growing domestic challenge in various applications. This region is in addition expected to witness fastest growth and increase at a CAGR of 8.5% from 2014 to 2020. • Europe and North America were the other clew markets for powder coatings....
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