Market
In 2010, the global demand for powder coatings amounts to approximately US$5.8 billion. Driven by the development of new material, new formulations and advancement of equipment and application processes, the powder coating market presents a rapid annual growth of around 6% from 2012 to 2018. Currently, the industrial uses are the largest application market of powder coatings. Automotive industry experiences the most dynamic growth. Steady and strong growth is also expected by furniture and appliance markets. Furthermore, the application of powder coatings in IT & Telecommunication is also being widely explored.
Read more about this topic: Powder Coating
Famous quotes containing the word market:
“The only reason to invest in the market is because you think you know something others don’t.”
—R. Foster Winans (b. 1948)
“When General Motors has to go to the bathroom ten times a day, the whole country’s ready to let go. You heard of that market crash in ‘29? I predicted that.... I was nursing a director of General Motors. Kidney ailment, they said; nerves, I said. Then I asked myself, “What’s General Motors got to be nervous about?” “Overproduction,” I says. “Collapse.””
—John Michael Hayes (b. 1919)
“Talk of a divinity in man! Look at the teamster on the highway, wending to market by day or night; does any divinity stir within him? His highest duty to fodder and water his horses! What is his destiny to him compared with the shipping interests?”
—Henry David Thoreau (1817–1862)