Global demand for powder coatings will reach 2.667 million tons in 2018

China Coatings Network
: Transparency Market Research recently released a global
powder coatings
market report, is expected in the next few years, as the BRIC countries (Brazil, Russia, India, China and South Africa) emerging economies to promote the rapid growth of the powder
coatings
market. These countries have the world's fastest-growing economies, and demand is growing, from household appliances to cars. India and Chinese, with the BRIC collective population accounting for 36 per cent of the world's population, have boosted the BRIC powder coatings market.
report shows growth of 7.2% from 2012 to 2018 and $10.5 billion by 2018. Technological advances to overcome constraints in existing markets, such as uniform coating of thin coatings, will be critical to the growth of the market. By application, the global powder coatings market includes automotive, home appliances, industrial, furniture, construction and others. Automotive and home appliances account for a large share of powder coatings, cooking and household appliances accounted for 20%, the automotive industry is expected to grow at an annual rate of 7%. The BRICS countries have a rapidly expanding automotive market, thereby promoting the powder coatings market. Increased urbanization in these countries, particularly in China, India and Brazil, will also boost demand for modern appliances, boost demand for modern appliances and further boost the powder coatings market.
Asia Pacific is a leading region in the global powder coatings market, and strong performance in China and India will boost the Asia Pacific powder coatings market in the coming years, along with other Asian countries such as Japan and South Korea. Global demand for powder coatings will reach 2.667 million tonnes by 2018, while Asia Pacific is expected to further increase its share.