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As reported by Coatings World in the article “Powder Coatings,” the global market for powder coatings is set for significant growth, projected to surpass $26.3 billion by 2032, according to Global Market Insights. This growth is being fueled by the increasing demand for durable, eco-friendly, and cost-efficient finishing solutions across a wide range of industries.
Although 2023 presented continued challenges from earlier market disruptions, industry leaders remain optimistic about the future trajectory of powder coatings. “The market performed well last year, driven by high consumer demand across all market segments,” said Jerimy Erickson, Global Director of Product Management at Sherwin-Williams General Industrial Coatings Division. He noted a global revenue increase of 4–6% and 3–4% in the Americas, signaling renewed momentum.
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Article with all rights reserved, courtesy of Coatings World — https://www.coatingsworld.com