The powder coatings market is certain to grow from USD 10 billion in 2017 to around USD 16.5 billion by 2024, according to a 2019 Global Market Insights, Inc. report. Strong business outlooks with flexible applications, including architectural, agricultural/construction equipment and decorative and outdoor furniture are among the key aspectspowering powder coatings market share. Shifting consumer focus towards the endorsement of new green building construction techniques along with an upsurge in preferences toward eco-friendly building materials and finishes will move industry forward.
The coalition of new & sustainable solutions and rapid technological advancements to meet the efficiency, durability, and environmental requirements will fuel the powder coating market expansion. Consumer preferences towardsthe varieties of powder coating due to durability, corrosion resistance, and high luster & shine will further grow the market.