Powder Coating Market to Exceed USD 17 Bn by 2025: Global Market Insights, Inc.
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Thermoplastic resin powder coating market demand is anticipated to witness CAGR over 6.5% owing to key benefits including better chemical resistance, thicker coating, and low toxicity. It also offers a good amount of resistance to disparity amongst the environmental forces and does not require any cross-linking or curing to achieve these properties. Thermoplastic resins owing to eco-friendly properties, easy recyclability and low toxic nature finds application in several industries including construction, automotive, outdoor furniture, oil & gas, and aerospace & defense.
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Powder coats in the appliances are generally used in refrigerator doors, shelves, washing machines, dryers, freezers, water heaters, vacuum cleaners, kitchen appliances, microwave ovens, garbage disposals, dishwashers, etc. Appliances require a durable finish and dynamic colors to protect against the damages owing to the everyday use.
The color of the appliance has now become one of the most important factors that influence the purchasing decisions among consumer. As a result, appliances manufacturer to launch products in stylish colors, finishes, and texture combinations. Decorative color and coating styles incorporated ensures low abrasion, better chipping and high chemical resistance.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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