The global powder coatings market size was valued at USD 12,362.1billion in 2021 and is poised to grow at a significant CAGR of 7.4% during the forecast period 2022-28. Stringent environmental regulations, advantages of powder coatings over traditional wet paint systems, adoption of the technology in the automotive sector, flourishing construction industry together with rapid economic growth in emerging countries, technological advancements and increasing demand from end user industries, such as architectural, appliances, automotive, furniture, agriculture, construction and earthmoving equipment (ACE) are some factors influencing the market growth.