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North America Powder Coatings Market To Hit USD 3.4 Bn By 2027. Thanks to growing technological breakthroughs, North America powder coatings industry is progressing forward with a healthy pace. Additional cumulative requirements from application fields such as automotive, architecture, agriculture, earthmoving equipment, construction, and general industries, the demand for powder coatings has increased significantly. Kansai Paints, RPM International, The Sherwin-Williams Company, AkzoNobel N.V., Asian Paints, PPG Industries, Dupont Coating & Colour Technologies Group, BAS, and Axalta Coating S
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North America Powder Coatings Market To Witness Accelerated Growth by 2027 ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
North America Powder Coatings Market To Hit USD 3.4 Bn By 2027. Thanks to growing technological breakthroughs, North America powder coatings industry is progressing forward with a healthy pace. Additional cumulative requirements from application fields such as automotive, architecture, agriculture, earthmoving equipment, construction, and general industries, the demand for powder coatings has increased significantly. Kansai Paints, RPM International, The Sherwin-Williams Company, AkzoNobel N.V., Asian Paints, PPG Industries, Dupont Coating & Colour Technologies Group, BAS, and Axalta Coating System are counted amongst the top powder coatings manufacturers in North America. It is estimated that North America powder coatings market size will be valued at $3.40 billion by 2027. Powder coating has gained popularity as one of the most common methods for finishing automotive parts, due to its long-lasting, robust finish and smooth, corrosion-resistant texture. The need for an environmentally benign alternative to solvent-based paints was a significant driving force behind the development of sustainable powder coating materials. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
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North America powder coatings industry share from the automotive and transportation components application segment was worth more than $425 million in 2020. Powder coating is used in various automotive components such as springs, chassis, electrical components, engine blocks, headlamp reflectors, interior car components, and others. The well-established automotive sector in Canada and the United States are likely to offer lucrative market growth prospects to industry leaders in the coming years. North America powder coatings industry share from the metals segment is expected to be valued at $3.2 billion by 2027. Metallic components are in higher demand in a variety of industries, including automotive, medical, architectural, agriculture, and construction. In a range of industrial coating applications, powder coating is seen as a long-term solution. Two significant drivers of product adoption are the increased market demand for sustainable solutions and enhanced performance expectancy. Ongoing industrial production activity in the United States and Canada is projected to raise the demand for powder coating process. North America powder coatings market share from the non-metal substrate segment accounted for $110 million in 2020 and it is expected to observe significant growth over the next five years. Nonmetal substrates, such as composites, glass, and wood plastic layer, are expected to be high demand in the near future. Addressing the spiraling demand from the market, industry leaders have launched innovative products to the market. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
Segments of North America Powder Coatings Market ; • North America Market, By Resin • Thermoplastic • Nylon • Others (PVC, Polyolefin, ABS, Polycarbonate) • Thermoset • Epoxy • Polyester • Polyurethane • Acrylic • Epoxy polyester hybrid • Fusion bonded epoxy ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
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