Report ID: SQMIG15E2334
Report ID:
SQMIG15E2334 |
Region:
Global |
Published Date: August, 2024
Pages:
184
|
Tables:
97 |
Figures:
76
The Global Powder Coatings Market size was valued at USD 7.40 Billion in 2022 and is poised to grow from USD 7.80 Billion in 2023 to USD 11.88 Billion by 2031, at a CAGR of 5.40% over the forecast period (2024–2031).
The powder coatings market is witnessing notable growth backed by factors like durability and performance and technological advances. Powder coatings provide high durability, aesthetic appeal, and corrosion resistance, fueling the market demand. Moreover, improvements and innovations in technology like application techniques and enhanced color options are notably impacting the market growth. However, the powder coatings market is hindered by application limitations since these coatings may not be suitable for all types of substrates and heavy market competition by liquid coatings, which have wider applications than powder coatings. Yet, the market is observing some opportunities including a growing number of eco-friendly solutions and innovative application techniques.
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Report ID: SQMIG15E2334