2018 powder coating demand is more than 2.6 million tons
2018 powder coating demand is more than 2.6 million tons
20 talk about good design and brand 15 August 14
[China coating information] generally, due to the long cooling time of thick walls, the global demand for powder coating in 2018 reached 2.667 million tons. Recently, transparency market research released a report on the global powder coating market that urgently needs to take multiple measures to improve the system. It is expected that in the next few years, the emerging economies of the BRIC countries (Brazil, Russia, India, China and South Africa) will promote the rapid growth of the powder coating market. These countries have the world's fastest-growing economies, with growing demand for everything from home appliances to cars. India and China are densely populated, and the collective population of the BRICs countries accounts for 36% of the world, which promotes the growth of the powder coating market in the BRICs countries
the report shows that due to its unique experimental space requirements, the market will grow at a rate of 7.2% from 2012 to 2018, and the market size will reach US $10.5 billion by 2018. Technological progress to overcome the limitations of the existing market, such as evenly coating thin-layer coatings, will be crucial to the growth of the market. According to the application field, the global powder coating market includes automobile, household appliances, industry, furniture, construction and others. Automobiles and household appliances account for a large share of powder coatings, cooking and household appliances account for 20%, and the automotive industry is expected to grow at an annual growth rate of 7%. The BRICs countries have rapidly expanded automobile markets, thus promoting the powder coating market
the improvement of urbanization in these countries, especially China, India and Brazil, will also push up the demand for modern household appliances, push up the demand for modern household appliances, and further promote the growth of powder coating market. The Asia Pacific region is the leading region in the global powder coating market. The strong performance of the Chinese and Indian markets, together with other Asian countries (such as Japan and South Korea), will boost the Asia Pacific powder coating market in the next few years. The global demand for powder coatings will reach 2.667 million tons by 2018, and Asia Pacific is expected to further increase its share
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