San Francisco, 19 March 2019: The Report 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.
Access Research Report of North America Powder Coating Market
@ https://www.grandviewresearch.com/industry-analysis/north-america-powder-coatings-market
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
Access Press Release of
North America Powder Coating Market@ https://www.grandviewresearch.com/press-release/north-america-powder-coatings-market-analysis
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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