Market Size of Polyurethane Powder Coatings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Polyurethane Powder Coatings Market Analysis
The global polyurethane powder coatings market is estimated to witness a healthy growth, at an estimated CAGR of over 5%, over the forecast period. Rising demand from the building & construction industry and growing usage of plastics in the automotive sector are expected to drive the market growth.
- Rise in prices of raw materials are likely to hinder the markets growth.
- Active development of powder-based polyurethane coatings is projected to act as an opportunity for the market's growth in the future.
- Asia-Pacific holds the major share in the consumption of polyurethane powder coatings. The region is also expected to witness the fastest growth during the forecast period, powered by the growth in construction and transportation applications in the region.
