POWDER COATINGS’ MARKET

by | Jul 23, 2020

According to an article published by the American Coatings Association (www.coatingstech-digital.org/coatingstech/july_2020/MobilePagedArticle.action?articleId=1600482&app=false#articleId1600482), the market for powder coatings was estimated at $ 11 billion in 2019 . Once the Covid-19 pandemic recedes, the market is estimated to grow at a compound annual growth rate ranging from 3.9 to 5.4%, depending on the source. At 5.4%, the global market would reach an annual value of $ 19 billion by 2026.

Industry revenues are expected to reach pre-COVID-19 levels by Q2 2021.