Powder Coatings Market Growth, Development and Demand Forecast Report 2030

Leeb5755512 Dec, 2022News

The automotive sector is witnessing robust growth since the past few years, owing to technological advancements, swift economic growth, and increasing disposable income. A larger number of people are now opting for personal vehicles, which is why the production of automobiles has risen drastically over the past few years. Moreover, the demand for luxurious cars has also been growing as the number of millionaires in the world is rising. Attributed to all these factors, the demand for paints can coatings in the automotive industry has also been increasing, specifically of powder coatings. It is because of such factors that the global powder coatings market is expected to witness considerable growth in the years to come. Powder coatings have low operational costs, excellent performance, are available in various colors and exhibit anti-bacterial and anti-corrosion properties.