Published Date: 2022-01-13
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North American Powder Coating Market size is projected to surpass USD 3.4 billion by 2027, according to a latest forecast report by Graphical Research.
High disposable income and strong economic growth have led to growing consumer demand for automobiles, consumer products, and furniture, thereby propel the market growth. Moreover, emerging trend of green construction practices across the U.S. and Canada have further increase the awareness regarding powder coatings.
The thermoplastic powder coatings segment is anticipated to witness over 5% CAGR through 2027. Thermoplastic powder coating employs relatively simple methods of application and manufacturing and does not include complicated curing mechanisms. Thermoplastic powder coatings offer several advantages including excellent solvent resistance, exceptional wear resistance, low cost, high aesthetic appearance, good performance ratio, and outstanding weathering resistance.
Growing use of thermoplastic powder coating in the automotive sector for aluminum automotive parts and flexible steel should augment the powder coating market demand. Moreover, thermoplastic offer high weathering resistance, superior flexibility, good performance at high temperatures, and are BPA free. Thus, increasing demand for high performance resins in the market.
Browse detailed statistical insights from the report, “North America Powder Coatings Market Forecast 2027 By Resin (Thermoplastic {Nylon}, Thermoset {Epoxy, Polyester, Polyurethane, Acrylic, Epoxy Polyester Hybrid}, Fusion Bonded Epoxy), By Application (Architectural, Jobbers, Agricultural/Construction Equipment, Pipeline, Oil & Gas, Appliances, General Metal {Furniture}, Automotive & Transportation Components {Wheels}), By Substrate (Metallic, Non-Metal), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/2032/north-america-powder-coatings-market
The automotive & transportation components application segment dominated around USD 425 million revenue in 2020 owing to increasing product use in various automotive components such as springs, chassis components, electrical components, engine blocks, headlamp reflectors, roof rails, window trims, mirror components, interior car components, and wheel coatings.
The non-metal substrate segment accounted more than USD 110 million revenue in 2020. Non-metal substrate, including composites, glass, and wood plastic layer are predicted to gain high momentum over the forecast period. Increasing focus of companies towards introducing low curing temperature capability products is anticipated to offer lucrative growth opportunities for its applications in non-metal and in heat-sensitive substrates.
The U.S. powder coating industry is expected to reach USD 2.5 billion by 2027 attributed to various factors such as increased focus towards technological development across various industry, stringent environment regulations, and rapid expansion of various industries such as automotive, construction, appliances, and architectural.
The North American powder coating market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
North America Market, By Resin
North America Market, By Application
North America Market, By Substrate
The above information has been provided for the following countries:
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