North America Powder Coating Market Size Worth $3.46 Billion By 2025: Grand View Research Inc.

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According to report published by Grand View Research, 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 North America Powder Coating industry.

According to a 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”, published by Grand View Research, Inc., the North America powder coatings market size is expected to reach USD 3.46 billion by 2025 registering a CAGR of 6.8%. 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.

Key Takeaways from the report:

  • 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

U.S. powder coatings market size, by application, 2014 - 2025 (USD Billion)


Browse More Reports in Paints, Coatings & Printing Inks Industry:

  • U.S. Pigment Dispersion MarketPigment dispersions are insoluble coloring agents used to impart color to various materials and can be classified into organic and inorganic types. Various pigment dispersions are available in the market and their choice depends on specific applications desirable in end-use industries.
  • Conformal Coatings Market: Rising demand for conformal coatings for manufacturing of automotive and electronic components is expected to propel growth.

North America powder coatings market share, by resin type, 2016 (%)

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.

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

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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.

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