Global Powder Coatings Market Research Report: Forecast (2023-2028)

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Powder Coatings Market
2023-2028
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Market Insights
The Global Powder Coatings market is anticipated
to grow at a CAGR of around 5.27 during the
forecast period, i.e., 2023-28. This attributes
to the wide application of this type of coating
in industries such as automotive, furniture,
industrial products, appliances, architecture,
etc., combined with the expansion of activities
in these industries in different regions of the
world.
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Market Driver
Transition of the Automotive Industry Towards
Sustainability
The global inclination towards the adoption of
clean green solutions in the aftermath of
climate change has been resulting in the growth
of the electronic vehicle industry worldwide.
Different countries, such as Germany, Brazil,
India, etc., have been constantly engaged in
building up their capabilities to manufacture
electric vehicles. These countries are also
taking several initiatives, like financial
incentives, tax credits, etc., to raise the
adoption rate of such vehicles to reduce the
carbon footprint of their countries. Hence, this,
combined with the rise in the percentage of
environmentally responsible consumers, is pushing
the growth of the automotive industry.
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Market Segmentation
By Resin Type Eopxy Acrylic, Polyurethane,
Polyester, Polyvinyl Chloride, Others
By Method of Coating Electrostatic Spray
Deposition ESD, Fluidized bed, Others
By Region North America, South America, Europe,
Middle East Africa, Asia-Pacific
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