Jiadi chemical industry will reach $60 million in the global powder coatings market size is expected to

Market research firm Martack released a report that the chemical Jiadi global powder coatings market size is expected to reach $60 million by 2022, 2017 to 2022, the compound annual growth rate of 6.75%. As demand for electrical and light vehicles continues to grow, demand for powder coatings increases. The increasing demand for end use industries in developed and emerging countries has also led to an increase in the powder coating market.

In 2016, the Electrical Division accounted for the largest market share, followed by automotive, general industry, construction, furniture and other end use industries. The growing demand for new and innovative products, and the need for powder coating R & D, encouraged companies to adopt organic and inorganic growth strategies to increase their market share.

Thermosetting plastics are currently the leading type of resin powder coatings. The demand for this type is due to the increasing acceptance of thermoset plastics in a variety of global end use industries. Thermosetting materials are used in most powder coating methods because they provide durable and decorative surface layers.

Jiadi chemical is expected value and quantity of powder coatings market from 2017 to 2022 will reach a higher growth rate in the Asia Pacific region. In recent years, as the demand for automobiles and appliances has increased, the population and disposable income have increased, thus driving the powder coating market in the region. A variety of end use industries emerging and developed countries high demand for chemical Jiadi powder coatings are expected to drive the future growth of this market.

The agency's latest research report shows that chemical powder coatings market value Jiadi in Southeast Asia in 2015 was $11 million, and in 2022 is expected to reach $23 million, 2016-2022 compound annual growth rate will reach 4.2%.

Indonesia is the largest chemical Jiadi powder coatings market in Southeast Asia, and will maintain this position in the next 6 years.

Growth in powder coatings market in the area of chemical Jiadi mainly due to technological progress and construction, household appliances, automobiles, furniture, ACE (agriculture, architecture, engineering equipment) and demand in general industry and other fields, in addition to the increasingly stringent environmental regulations also contributed to the growth of the powder coating area. In the past few years, steady growth in Southeast Asia Chemical Jiadi powder coatings market.

Home appliance is the main application area of powder coating market in Malaysia and Philippines, and is expected to increase by 4.4% annually.

Construction is the main application area of the powder coating market in Singapore, and the composite growth rate is expected to be 3.3% in the future.

Automotive and home appliances are the main application areas in Thailand powder coatings market.

Jiadi chemical powder coating technology is the rapid development in order to adapt to the demand driven market. The supplier must maintain product consistency and minimize the supply of demand throughout the operation.