The global powder coating market will reach $21 billion by 2031!

Recently, Transparency Market Research (TMR) assessed that the global powder coating market is expected to gain considerable growth prospects in the coming years due to the increasing demand for products in the automotive industry.

The market is expected to grow at a CAGR of 6.6% during the forecast period 2022-2031, reaching a valuation of USD 21 billion by 2031.

Powder coatings can be used in metal furniture, general metals, automotive, appliances, construction, and agricultural, construction, and earthmoving equipment (ACE). Due to the properties such as durability and eco-friendliness of powder coatings compared to different traditional liquid coatings, the demand for powder coatings to be applied in a wide range of end-use industries rather than various other alternatives is increasing.