Global Powder Coatings Market is Expected to Witness a Massive Surge as Akzo Nobel NV acquires Turkey’s Leading powder Coating Joint Venture Akzo Nobel Boya Sanayi ve Ticaret A.S.
Powder coating is a solid, dry powder form that is applied directly as a dry powder to standard or customized metal substrates such as stainless steel, aluminum, copper, brass, bronze, melamine, zinc, and more. Unlike traditional liquid paint that is applied via evaporation of the solvent, powder coat is usually applied electrostatically with an ultraviolet light or steam vacuum and cured under pressure. Increasing expenditure on construction activities is expected to drive growth of the global powder coatings market. The construction sector in both developed and emerging economies have witnessed massive growth over the years. According to the India Brand Equity Foundation (IBEF), India is expected to become the world’s third-largest construction market by 2022. According to the same source, India plans to spend around US$ 1.4 trillion on infrastructure projects through the National Infrastructure Pipeline (NIP) from 2019 to 2023. Powder coatings have a wide range of applications ...