By Damir Gagro. Another market research firm, Markets and Markets, estimated the market size at EUR 8.69 billion in 2016 and expects the market to grow to EUR 12.59 billion by 2022. This would be a CAGR of 6.4 %. ChemQuest's prognosis is a little more cautious. Global growth of powder coatings will continue, resulting in a 2020 demand forecast of 2.5 billion kg, and a revenue forecast of approximately USD 9.58 billion. According to market research firm ChemQuest, the powder coatings market is fairly concentrated, although not nearly so as other leading industrial coatings markets such as ...