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Powder Coatings Market to Reach US$ 16,203.14 Mn by 2026 Need for Increased Agricultural Productivity -TMR

Powder Coatings Market to Reach US$ 16,203.14 Mn by 2026 Need

The demand within the global powder coatings market is slated to grow by leaps and bounds in the years to follow. The need for coating several materials and products with protective layers has played a vital role in the growth of the global powder coatings market.

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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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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports

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