North America Powder Coatings Market Size (2024 - 2029)

The North America Powder Coatings Market is projected to experience growth over the forecast period, driven by increasing demand in the construction and automotive sectors. Despite initial setbacks due to the COVID-19 pandemic, the market has shown resilience and recovery. Factors such as government initiatives supporting powder coatings and their recyclable nature are expected to further propel the market. However, challenges like achieving a thin film of powder coating may impede growth. The United States is anticipated to lead the market, benefiting from its robust demand in key industries.

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Market Size of North America Powder Coatings Industry

North America Powder Coatings Market Summary
Study Period 2019-2029
Base Year For Estimation 2023
Market Size (2024) USD 1.57 Billion
Market Size (2029) USD 1.91 Billion
CAGR (2024 - 2029) 4.00 %
Market Concentration Low

Major Players

North America Powder Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

North America Powder Coatings Market Analysis

The North America Powder Coatings Market size is estimated at USD 1.57 billion in 2024, and is expected to reach USD 1.91 billion by 2029, growing at a CAGR of 4% during the forecast period (2024-2029).

North America's Powder coatings market was negatively affected by the COVID-19 pandemic as it resulted in lockdowns in the United States, Canada, and Mexico, which affected the automotive and construction industries. However, the market recovered well after the restrictions were lifted. The market registered a significant growth rate recently due to rising demand for powder coatings in the construction and automotive industries.

Over the short term, the increasing usage of powder coatings in the automotive industry, the favorable government initiatives promoting the use of powder coatings, and the recycling property of powder coatings are expected to drive the market.

The difficulty in obtaining a thin film of powder coating hinders market growth.

The emergence of new application methods for powder coatings is expected to create opportunities for the market during the forecast period.

The United States is expected to dominate the market due to the rising demand for powder coatings in the construction and automotive end-user industries. It is also expected to register the highest CAGR during the forecast period.

North America Powder Coatings Industry Segmentation

Powder Coatings are used to provide color/texture for various objects. Apart from aesthetic applications, coatings are also used to protect/increase the shelf life of metals and other materials. Owing to the factors above, they are increasingly used in various end-user sectors, including construction and infrastructure, automotive and transportation, oil & gas, and other industries.

The North American powder coatings market is segmented by resin type, end-user industry, and geography. The market is segmented by resin type the market is segmented into acrylic, epoxy, polyester, polyurethane, epoxy-polyester, and other resin types (polyvinyl chloride, polyolefins, etc.). By end-user industry, the market is segmented into architecture and decorative, automotive, industrial, and other end-user industries (furniture, appliances, etc.). By geography, the market is segmented into the United States, Canada, and Mexico. The report also covers the market size and forecasts for the United States Powder Coatings market for 3 major countries.

For each segment, the market sizing and forecasts are provided in terms of value (USD).

Resin Type
Acrylic
Epoxy
Polyester
Polyurethane
Epoxy-Polyester
Other Resin Types (Polyvinyl Chloride, Polyolefins,etc.)
End-user Industry
Architecture and Decorative
Automotive
Industrial
Other End-user Industries (Furniture, Appliances, etc.)
Geography
United States
Canada
Mexico
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North America Powder Coatings Market Size Summary

The North American powder coatings market is poised for steady growth, driven by increasing demand in the automotive and construction sectors. The market experienced a downturn due to the COVID-19 pandemic, which impacted industries like automotive and construction in the United States, Canada, and Mexico. However, it has shown resilience and is on a recovery path, with the United States expected to lead the market due to its robust automotive and construction industries. The use of powder coatings in automotive applications, particularly epoxy resin-based coatings for metal bodies, is a significant growth driver. Additionally, government initiatives and the eco-friendly nature of powder coatings, which offer recycling benefits, are further propelling market expansion. Despite challenges such as the difficulty in achieving thin film applications, new methods of application are anticipated to create additional opportunities.

The construction industry in the United States, the largest in North America, is a major contributor to the powder coatings market's growth. The sector's expansion, reflected in increased residential and non-residential construction spending, is expected to boost the demand for powder coatings. The automotive industry also plays a crucial role, with significant production increases in the United States, Canada, and Mexico, driven by the rising demand for electric vehicles. This growth in automotive manufacturing is anticipated to further stimulate the powder coatings market. The market is characterized by its fragmented nature, with key players like Akzo Nobel N.V., Jotun, PPG Industries, Inc., RPM International Inc., and The Sherwin-Williams Company actively investing in capacity expansions and new product developments to meet the growing demand.

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North America Powder Coatings Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 The Increasing Usage of Powder Coatings in Automotive Industry

      2. 1.1.2 The Favorable Government Initiatives Promoting the Use of Powder Coatings

      3. 1.1.3 Recycling Property of Powder Coatings

    2. 1.2 Restraints

      1. 1.2.1 Difficulty in Obtaining Thin Film of Powder Coating

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Resin Type

      1. 2.1.1 Acrylic

      2. 2.1.2 Epoxy

      3. 2.1.3 Polyester

      4. 2.1.4 Polyurethane

      5. 2.1.5 Epoxy-Polyester

      6. 2.1.6 Other Resin Types (Polyvinyl Chloride, Polyolefins,etc.)

    2. 2.2 End-user Industry

      1. 2.2.1 Architecture and Decorative

      2. 2.2.2 Automotive

      3. 2.2.3 Industrial

      4. 2.2.4 Other End-user Industries (Furniture, Appliances, etc.)

    3. 2.3 Geography

      1. 2.3.1 United States

      2. 2.3.2 Canada

      3. 2.3.3 Mexico

North America Powder Coatings Market Size FAQs

The North America Powder Coatings Market size is expected to reach USD 1.57 billion in 2024 and grow at a CAGR of 4% to reach USD 1.91 billion by 2029.

In 2024, the North America Powder Coatings Market size is expected to reach USD 1.57 billion.

North America Powder Coatings Market Report Snapshots

North America Powder Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)