North America Powder Coating Market Size Worth $3.46 Billion By 2025 | Global and Regional Forecast | 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%, 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.

Browse Full Report (Tables & Figures) @ https://www.grandviewresearch.com/industry-analysis/north-america-powder-coatings-market

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