Albany, NY -- (SBWIRE) -- 02/16/2016 -- Powder coatings have a wide range of applications in end user industries such as automobiles, appliances and furniture. In addition, they are used in industrial manufacturing of machinery and general metals. In terms of volume, the global powder coatings market is expected to grow at a CAGR of over 6% from 2012 to 2018.

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The growth of powder coatings is primarily driven by the increased demand of consumer goods such as appliances and automobiles in emerging economies such as China, India and Brazil. In addition, support by regulatory bodies such as E.P.A. and R.E.A.C.H. is also another primary factor responsible for the growth of the powder coatings market. However, application and design difficulties such as uneven layers inside corners and edges are expected to hamper the growth of the market.

There is an increasing opportunity to develop powders which consume low energy which results in further economizing the technology. In addition, development of powders, which can be coated to high temperature equipments such as charcoal grills, boilers and steam engines, is expected to increase the consumption of powder coatings over the next six years.

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Powders are being increasingly used in a variety of applications due to their numerous advantages such as resistance to high temperature and impact and protection from corrosion, abrasion, and reaction with chemicals and other solvents. With further research and development, powders are finding increasing applications in industries such as architecture and furniture. The development of in-mold powder coatings is expected to open future markets for powder coatings.

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Companies mentioned in the global powder coatings market

The global powder coatings market research report comprises detailed company profiles of players including but not limited to: Jotun, Nippon Paints, Sherwin-Williams, Kansai Paints, AkzoNobel, DuPont, Valspar, PPG Industries, and BASF.

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