Strong growth can be witnessed in the powder coatings market in the Asia Pacific region, especially in China, India, and South-East Asian countries. The increasing use of Powder Coatings in the appliance and automotive industry is projected to create new opportunities for the market players.
New York, March 01, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Powder Coatings Market by Resin Type, Coating Method, End-use Industry and Region – Global Forecast to 2026” – https://www.reportlinker.com/p04763095/?utm_source=GNW
The penetration of powder coatings is expected to increase in the long term and is projected to witness a high CAGR during the forecast period. The abundant availability of raw materials, especially in Asia Pacific, is expected to support the production of powder coatings.
The appliances industry, being highly dependent on China, was the hardest hit by COVID 19.However, it is expected to witness a V-shaped growth trajectory as the demand for appliances, especially refrigerators, grew even during the initial phase of the…
