United States Powder Coatings Market to be Driven by the Rising Demand from Automotive Industry Forecast Period of 2021-2026.United States Powder Coatings Market | United States Powder Coatings Industry Report Size Share Growth Price Analysis Trends Outlook and Forecast 2021-2026
The new report by Expert Market Research titled, ‘Powder Coatings Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the United States powder coatings market, assessing the market based on its segments like types, process types, distribution channels, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2016-2026)
• Historical Market Size (2020): USD 2.06 billion
• Forecast CAGR (2021-2026): 7.2%
• Forecast Market Size (2026): USD 3.12 billion
Powder coating is the process of applying powder coating to metallic surfaces to ensure high-quality finishing. Powder coating has gained popularity and has become one of the most widely used techniques for finishing automotive and other parts due to its long-lasting, robust finish and smooth texture that is resistant to corrosion. The need for an environmentally friendly alternative to solvent-laden paints is a major factor in the growth of powder coating materials. Furthermore, Mexico's low production costs and proximity to the United States have increased its significance as a manufacturing center for the automotive, oil and gas, electronics, personal care, and pharmaceutical sectors.
Industry Definition and Major Segments
Powder coatings are fine solids with a variety of properties, including significant hardness and abrasion resistance, corrosion, and chemical resistance.
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The Thermostat market can be divided into the following segments:
The market for Thermoplastic can be divided into:
• Polyvinyl Chloride (PVC)
• Polyvinylidene Fluoride (PVDF)
The raw material of the industry consists of:
• Electrostatic Spray
• Fluidized Bed
The major applications of the market are:
The leading regional markets for Powder Coatings are:
• New England
• Great Lakes
• Rocky Mountain
• Far West
The powder coating not only improves performance but also improves coating consistency and lowers coating costs because, unlike liquid coatings, overspray powder coating can be recycled and reused. However, volatile raw material prices, such as titanium dioxide, resins, and pigments, may limit market growth to some degree. Furthermore, population growth, urbanization, and rising disposable income would all contribute to increased production in the manufacturing, energy, and personal care industries in the United States.
Key Market Players
The major players in the market are Akzo Nobel NV, American Powder Coatings Inc., Axalta Coating Systems Ltd (NYSE: AXTA), BASF SE, IFS Coatings, Inc., PPG Industries, Inc., and Powder Coating USA, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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