Powder Coatings Market to Reach US$ 16,203.14 Mn by 2026 Need for Increased Agricultural Productivity -TMR
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Furthermore, advancements in organic as well as polymer chemistry have paved way for key developments within the market. Several industrial manufacturers acknowledge the need for powder coatings to impart sharpness and proper finish to their products. Growing sophistication across the industrial sector could, therefore, be a launch pad for the growth of the market players.
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The use of powder coatings in high-end industries such as automobiles and electronics has transcended as a key driver of demand. The aesthetic appeal of electronic devices can be enhanced with the help of powder coatings. Furthermore, the growing need to protect the surface of these devices with resistant and durable materials has also driven market demand.
Transparency Market Research (TMR) predicts that the global powder coatings market would expand at a decent CAGR of 6.6% over the period between 2018 and 2026. Furthermore, the powder coatings market was valued at a whopping US$ 9.09 bn in 2017, and this figure could multiply over the forecast period.
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