U.S. & Europe Powder Coatings Market Analysis with Size, Manufacturers, Applications and Forecast Research Report
According to a new report published by KD Market Insights , titled, " U.S. & Europe Powder Coatings Market by Resin Type, Coating Method, and Application: Opportunity Analysis and Industry Forecast, 2019-2026," the U.S. & Europe powder coatings market was valued at $2,965.7 million in 2018, and is projected to reach $4,292.5 million by 2026, growing at a CAGR of 4.7% from 2019 to 2026. Increase in adoption of powder coatings across various end-user industries such as automotive, appliances, furniture, and construction, is one of the major factors expected to drive the growth of the U.S. & Europe powder coatings market. This trend is expected to continue as it is solvent-free. In addition, the shift toward the use of powder coating due to low-VOC content of the product is positively affecting the demand for powder coatings in various applications. However, presence of contaminants in wastewater discharge and increase in raw material cost hamper t...