Powder Coatings Market Size & Growth Report
Powder Coatings Market Powder Coatings Market is anticipated to witness a promising boom over the forecast period, owing to their remarkable advantages which include reduced operating costs, minimum VOC emissions, and uniform thickness. Accelerating per-capita income, infrastructural development, and growing demand for medical devices is forecast to drive the overall market. Increasing application of powder coatings in the consumer goods and automotive industry aided by their anti-corrosive features to prevent the metallic and non-metallic surfaces stands to be a major factor driving the global powder-coatings market growth. Powder coatings do not have any solvent, thus, resulting in negligible emissions of VOC and reduced combustion risk, propelling the market growth. Strategic government initiatives and strict norms in order to reduce VOC emissions have proliferated the market growth. However, the increasing energy production and investment on machinery is forecast to hamper t...