Powder Coatings Market Latest Trends And Future Growth Study 2022-2030
October 13, 2022 ⚊ 1 Min read ⚊ Views 122 ⚊ BUSINESS
The automotive sector is witnessing robust growth since the past few years, owing to technological advancements, swift economic growth, and increasing disposable income. A larger number of people are now opting for personal vehicles, which is why the production of automobiles has risen drastically over the past few years. Moreover, the demand for luxurious cars has also been growing as the number of millionaires in the world is rising. Attributed to all these factors, the demand for paints can coatings in the automotive industry has also been increasing, specifically of powder coatings.
It is because of such factors that the global powder coatings market is expected to witness considerable growth in the years to come. Powder coatings have low operational costs, excellent performance, are available in various colors and exhibit anti-bacterial and anti-corrosion properties.
