North America Powder Coatings Market To Witness Accelerated Growth by 2027

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North America Powder Coatings Market To Witness
Accelerated Growth by 2027
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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
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.
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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.
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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

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