{"id":399,"date":"2018-10-24T11:18:20","date_gmt":"2018-10-24T04:18:20","guid":{"rendered":"http:\/\/alphabetcoatings.com\/en\/?p=399"},"modified":"2018-10-24T14:14:14","modified_gmt":"2018-10-24T07:14:14","slug":"powder-coatings-demand-in-emerging-economies-to-propel-the-global-market-toward-10-billion-by-2023","status":"publish","type":"post","link":"https:\/\/alphabetcoatings.com\/en\/powder-coatings-demand-in-emerging-economies-to-propel-the-global-market-toward-10-billion-by-2023\/","title":{"rendered":"Powder Coatings' Demand in Emerging Economies to Propel the Global Market toward $10 Billion by 2023"},"content":{"rendered":"
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\"Global<\/em><\/p>\n

LONDON, UK \u2013 April 26, 2018 \u2013 Frost & Sullivan\u2019s recent analysis, Global Powder Coatings Market, Forecast to 2023<\/strong>, finds developing markets such as Asia-Pacific (APAC) and Rest-of-the-World (ROW), following the footsteps of developed markets, such as North America and Europe, are increasingly replacing liquid coatings<\/strong> with powder coatings<\/strong>. End-user markets, including automotive, construction, appliances, and industrial, are shifting to higher-performing powder coatings in these regions due to the rising purchasing power of citizens and the subsequent demand for technologically superior products. The growth of these sectors is expected to steer the $7.88 billion global market toward $10.61 billion by 2023. The analysis explores the key powder chemistries of epoxy<\/strong>, polyester<\/strong>, epoxy-polyester hybrids<\/strong>, acrylic<\/strong>, PVC<\/strong>, polyamide<\/strong>, polyolefins<\/strong>, and fluoropolymer<\/strong>. It also analyzes the growth opportunities for these chemistries in the application segments of appliances, automotive<\/strong>, architectural, furniture, industrial, agriculture, construction, mining equipment<\/strong> (ACME<\/strong>), and pipe in the North American, Europe, APAC, and ROW markets.<\/p>\n

“An important driver for getting the powder coating market over the $10-billion line is technological advances,\u201d said Soundarya Gowrishankar,<\/strong>Visionary <\/strong>Science Industry Analyst <\/strong>at Frost & Sullivan<\/strong>. “Most of the innovations have been aimed at resolving the challenges in powder coating difficult surfaces like non-conductive molded parts<\/strong>. There has been heated R&D activity in the areas of attractive finishes, low-temperature cure coatings<\/strong>, as well as self-healing<\/strong>, self-cleaning<\/strong>, heat-reflective, and energy-efficient coatings<\/strong>.”<\/p>\n

Although there is some resistance to the adoption of powder coatings due to the competition from alternate techniques like anodizing<\/strong> and the price sensitivity of customers, the market will enjoy huge growth opportunities created by:<\/p>\n