European Coatings Journal - 16.12.2024 | POWDER COATINGS MARKET REPORT

A VIBRANT FUTURE

According to Kevin Coursin, executive director at the Powder Coating Institute, the global powder coatings market grew by approximately 1.2 % in 2023. However, the growth was uneven across regions: The powder volume in Europe decreased by approximately 4 %, while China saw a modest increase of 3 % due to market constraints. He also noted that the European market experienced a 4.5 % decline in volume. Although automotive applications are on the rise, other sectors show mixed performance. "The growth industries continue to be in the architectural, agricultural and construction equipment (ACE), and automotive, including the electric ...
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