Powder Coating Equipment Market Top Manufacturing Industry Revenue Size & Share Outlook
The powder coating equipment market is projected to grow USD 0.41 billion in 2024 and is projected to reach USD 0.54 billion by 2030, at a CAGR of 5.0% from 2024 to 2030. During the forecasted years, the growing preference for long lasting and sustainable coatings sustainable coatings and rising demand for automotive parts and components, will drive the market growth.
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Market Leader – Powder Coatings Market
The Powder Coatings market size will grow to USD 16.8 billion by 2026 from USD 13.8 billion in 2021, at a CAGR of 3.9% during the 2021-2026 period. APAC is the largest consumer of powder coatings. Growth in various end-use industries, stringent environmental regulations, and technological advancements are the factors driving the powder coatings market.
The key players operating in the market...
Increasing use of nano-coatings driving the market of Industrial Coatings Market
The industrial coatings market is expected to grow from USD 85.2 billion in 2020 to USD 103.2 billion by 2025, at a CAGR of 3.9%. The major factors driving the industrial coatings market include the increasing demand for environmentally-friendly coatings, need for efficient process and durable coatings with better aesthetics, and growing demand from the APAC region. Industrial coatings are...
Powder Coatings Market – Global Forecast & Latest Insights Till 2022
The Powder Coatings Market is projected to reach USD 13.49 billion by 2022, at a CAGR of 6.75% from 2017 to 2022. The Asia-Pacific region is the leading market for powder coatings, in terms of value, and the trend is projected to continue till 2022.
Countries in this region, such as China, India, Thailand, Indonesia, and Malaysia, are witnessing an increase in the use of powder coatings for appliances,...