Scienza e Tecnologia
Powder Coatings Market Size to Reach Revenues of around USD 14 Billion by 2026 - Arizton
https://www.arizton.com/market-reports/powder-coatings-market
Powder coatings are widely used in a wide range of applications, such as bodywork, trims, aluminum wheel rims, and underbody components to provide color, good aesthetics, and high performance. These coatings facilitate environmental protection as they do not use solvents; therefore, no harmful emissions are released into the atmosphere, eliminating the need for costly waste disposal systems. Also, if the powder coating is overspread, it can be collected and reused, resulting in additional cost savings. Further, the application of powder coatings does not cause running or dipping, providing a uniform layer along with a superior finish. Thus, powder coatings are widely preferred by the automotive market, mostly used in the body of the automotive structure. They are also an alternative to liquid coatings, helping to reduce the number of steps and applications associated with liquid coatings.
APAC is the world's largest coatings market and is growing above the market rates in terms of value. The region accounts for a 54% market share in terms of value. APAC comprises some of the most dynamic economies, such as
China , India ,
Japan , South Korea ,
Indonesia , Malaysia ,
Vietnam , and other countries. The demand for powder coatings in
China is driven by increased investments in construction, which contributes around 40% to global construction. The development of high-quality infrastructure in
China and India has become one of the major growth enablers in the powder coatings market in recent years.
China is a major producer and consumer of powder coatings. An increase in income and rapid urbanization have led to the growth of construction, industrialization, and power generation sectors, which, in turn, has increased the demand for powder coatings.
https://www.arizton.com/market-reports/powder-coatings-market
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