Powder coatings' demand in emerging economies to propel the global market to $10 bn by 2023

摘要

Frost & Sullivan's recent analysis, Global Powder Coatings Market, Forecast to 2023, finds developing markets such as Asia-Pacific (APAC) and Rest-of-the-World (ROW), following the footsteps of developed markets, such as North America and Europe, are increasingly replacing liquid coatings with powder coatings. End-user markets, including automotive, construction, appliances, and industrial, are shifting to higher-performing powder coatings in these regions due to the rising purchasing power of citizens and the subsequent demand for technologically superior products. The growth of these sectors is expected to steer the $7.88 bn global market toward $10.61 bn by 2023. The analysis explores the key powder chemistries of epoxy, polyester, epoxy-polyester hybrids, acrylic, PVC, polyamide, polyolefins, and fluoropolymer. It also analyzes the growth opportunities for these chemistries in the application segments of appliances, automotive, architectural, furniture, industrial, agriculture, construction, mining equipment (ACME), and pipe in the North American, Europe, APAC, and ROW markets.