Kerry Pianoforte, Editor
According to a new report published by Allied Market Research, titled, “World Powder Coatings Market – Opportunities and Forecasts, 2014–2022,” the powder
coatings market is expected to generate $12,332 million by
2022. Powder coatings in the appliances application segment
occupied the major volume share in 2015 and is expected to
maintain its lead throughout the analysis period.
According to Allied Market Research analysts, the demand
for powder coatings has increased owing to growing technological advancements and increasing demand from applications,
namely, architectural; appliances; automotive; furniture; agriculture, construction, and earthmoving equipment (ACE) and
Significant drivers of the market include increasing adoption of powder coatings over
liquid coatings, increasing demand for appliances, a booming construction industry and
rapid economic growth in emerging countries.
Powder Coatings Market
Photo courtesy of Sherwin-Williams
