International. The current size of the powder coatings market was estimated at around US$8,274.26 million in 2013. And the market is projected to reach $12.055.13 billion in 2019, growing at a CAGR of 6.54% between 2014 and 2019, market analyst Firm MarketsandMarkets recently reported.
High demand in industries such as architectural, automotive, industrial coatings in general, for appliances, furniture, and others, will increase the consumption of powder coatings in general.
Asia-Pacific is the largest market, both in terms of volume and value, followed by Western Europe. China, Japan, Thailand, the United States, Germany, India, Brazil and Russia are anticipated to continue to provide a successful market for powder coating manufacturers.
Central and Eastern European nations, emerging Southeast Asian nations and Latin American nations will host future global events that will help drive the growth of powder coatings in different applications. Government regulations and proposals to improve infrastructure and the growing housing market in emerging economies will also boost the segment.
