Market Size of North America Epoxy Powder Coatings Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | > 2.50 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North America Epoxy Powder Coatings Market Analysis
The North America epoxy powder coatings market is estimated to witness a significant growth, at an estimated CAGR of over 2.5%, over the forecast period. Rising demand from the building and construction industry and soaring demand for eco-friendly coatings are expected to drive the market during the forecast period.
- Regulations on the usage of Bisphenol A is likely to hinder the market's growth.
- Increasing Applications of Epoxy Powder Coatings is expected to create opportunities to the market's growth in the future.
- United States is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.
North America Epoxy Powder Coatings Industry Segmentation
The North America epoxy powder coatings market report includes:
Coating Type | |
Protective Coatings | |
Other Coating Types |
End-user Industry | |
Aerospace | |
Automotive | |
Buildings and Construction | |
Energy | |
Marine | |
Oil and Gas |
Geography | |
United States | |
Canada | |
Mexico | |
Rest of North America |
North America Epoxy Powder Coatings Market Size Summary
The North America epoxy powder coatings market is poised for notable growth, driven by increasing demand from the building and construction sector and a rising preference for eco-friendly coatings. The market is expected to expand significantly over the forecast period, although regulatory challenges concerning the use of Bisphenol A may pose obstacles. The United States is anticipated to lead the market, benefiting from its robust manufacturing sector and the expansion of its construction industry, which is supported by strong economic fundamentals and increased funding for public infrastructure. The automotive industry also plays a crucial role, with epoxy powder coatings being utilized for both aesthetic and protective purposes in vehicle components. Innovations in coating technologies, such as smart and self-cleaning coatings, are further expected to enhance market growth.
The market landscape in North America is characterized by a partial fragmentation, with key players like Akzo Nobel N.V., 3M, Jotun, PPG Industries, Inc., and The Sherwin-Williams Company actively participating. The growth of the residential and commercial construction sectors, alongside the aerospace industry's expansion, particularly in the United States, is expected to sustain the demand for epoxy powder coatings. The commercial aircraft fleet's anticipated growth and the increasing exports of aerospace components are contributing to the manufacturing activities in the region, thereby supporting the market's steady expansion. Overall, the North America epoxy powder coatings market is set to experience consistent growth, driven by diverse industrial applications and technological advancements.
North America Epoxy Powder Coatings Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Rising Demand from the Building & Construction Industry
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1.1.2 Soaring Demand for Eco-friendly Coatings
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1.1.3 Rising Uses in the Pipeline Industry
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1.2 Restraints
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1.2.1 Regulations on the Usage of Bisphenol A
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Coating Type
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2.1.1 Protective Coatings
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2.1.2 Other Coating Types
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2.2 End-user Industry
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2.2.1 Aerospace
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2.2.2 Automotive
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2.2.3 Buildings and Construction
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2.2.4 Energy
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2.2.5 Marine
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2.2.6 Oil and Gas
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2.3 Geography
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2.3.1 United States
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2.3.2 Canada
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2.3.3 Mexico
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2.3.4 Rest of North America
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North America Epoxy Powder Coatings Market Size FAQs
What is the current North America Epoxy Powder Coatings Market size?
The North America Epoxy Powder Coatings Market is projected to register a CAGR of greater than 2.5% during the forecast period (2024-2029)
Who are the key players in North America Epoxy Powder Coatings Market?
Akzo Nobel N.V., 3M, Jotun, PPG Industries, Inc. and The Sherwin-Williams Company are the major companies operating in the North America Epoxy Powder Coatings Market.