San
Francisco, 22 March, North America Powder Coatings Market Size, Share &
Trends Analysis Report By Resin Type (Epoxy, Polyester, Hybrid, Acrylic), By
Application (Consumer Goods, Automotive, Architectural), And Segment Forecasts,
2019 - 2025
The North America powder coatings market size is expected to reach USD
3.46 billion by 2025 registering a CAGR of 6.8%, according to a new report by
Grand View Research, Inc. Rising product demand owing to its superior
properties, such as durability, excellent finishing, and high resistance to chipping,
corrosion, and abrasion, is the key factor driving the industry. Powder
coatings do not contain any solvents, which results in negligible emission of
Volatile Organic Compounds (VOC) in the atmosphere and reduced risk in
combustion during application and storage. In addition, the powder can be
easily washed off when it comes in contact with human skin, which reduces
health hazards for operators.
Thus, lower CO2 and VOC
emission levels and less wastage are projected to augment the product demand
further. It is the most preferred coating method due to technological
advantages and simplicity of application. Consumer goods and automotive were
some of the largest applications of powder coatings in 2016. These application
segments are further expected to witness a significant growth over the forecast
years owing to regulatory support and technological advancements for easier
product application. General industries are entering the mature phase of
development within North America market. Thus, it is expected to witness
sluggish growth in coming years. Powder coatings for furniture application is
expected to have a high growth potential over the next few years.
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Report On North America Powder Coatings Market Analysis:
Further key findings from the study suggest:
·
On the basis of resin type, the
epoxy resin segment is projected to ascend at a CAGR of 7.0% over the next few
years
·
General industries application
segment led the North America powder coatings market accounting for a share of
over 21.9% in 2016
·
The market in U.S. is
anticipated to witness exceed 708.7 kilotons by 2025, due to escalating product
demand in the country’s automotive sector
·
Canadian automobile industry is
anticipated to witness significant growth owing to rapid employment growth,
accessible financing, and lower gas prices
·
Presence of key manufacturers,
such as General Motors and Chrysler, in the country will further drive the
market in Canada
·
Some of the key companies are
BASF SE, PPG Industries, Inc.; Nippon Paint Holdings, Co. Ltd.; AkzoNobel N.V.;
Sherwin-Williams Company; Axalta Coating Systems; and Kansai Paint Co., Ltd.
·
Companies are focused on
increasing their market share in the North America industry through constant
product innovation
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has segmented the North
America powder coatings market on the basis of resin type, application, and
country:
North America Powder Coatings Resin
Type Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
Epoxy
·
Polyester
·
Hybrid
·
Acrylic
·
Polyurethane
·
Others
North America Powder Coatings Application
Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
Consumer Goods
·
Automotive
·
Architectural
·
General Industries
·
Furniture
·
Others
North America Powder Coatings Country
Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
U.S.
·
Mexico
·
Canada
Browse Press
Release of this Report:
https://www.grandviewresearch.com/press-release/north-america-powder-coatings-market-analysis
https://www.grandviewresearch.com/press-release/north-america-powder-coatings-market-analysis
About Grand View
Research
Grand View
Research provides syndicated as well as customized research reports and
consulting services on 46 industries across 25 major countries worldwide. This
U.S.-based market research and consulting company is registered in California
and headquartered in San Francisco. Comprising over 425 analysts and
consultants, the company adds 1200+ market research reports to its extensive
database each year. Supported by an interactive market intelligence platform,
the team at Grand View Research guides Fortune 500 companies and prominent
academic institutes in comprehending the global and regional business
environment and carefully identifying future opportunities.
For more
information: www.grandviewresearch.com/
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