US Polyester Coatings Market
ID: MRFR/CnM/18559-US | 100 Pages | Author: MRFR Research Team| December 2023
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The demand for polyester coatings in the United States has been experiencing steady growth, fueled by several key factors. Polyester coatings are widely used in various industries such as automotive, construction, aerospace, and electronics due to their excellent durability, corrosion resistance, and aesthetic appeal. One of the primary drivers of the demand for polyester coatings is the booming construction sector in the United States. Polyester coatings are extensively used in architectural applications such as exterior facades, metal roofing, and cladding systems, providing protection against harsh weather conditions and enhancing the longevity of buildings. With the increasing focus on sustainable and energy-efficient construction practices, the demand for high-performance polyester coatings that offer superior weatherability and UV resistance is on the rise.
The large industrial base in the North American market is projected to fuel the demand for polyester coatings during the review period. The US has one of the leading aerospace industries across the globe and offers lucrative opportunities to the players in the polyester coatings market. According to the US Department of Commerce, Bureau of the Census, Foreign Trade Division, the total exports of the US aerospace industry held at USD 150.61 billion in 2018, which increased from USD 143.17 billion in 2017.
Moreover, the automotive industry is another significant contributor to the demand for polyester coatings in the United States. Polyester coatings are used in automotive applications such as body panels, bumpers, and trim components, providing both aesthetic appeal and protection against corrosion and abrasion. With the growing demand for lightweight materials and advanced coatings that improve fuel efficiency and reduce emissions, the automotive sector is driving the adoption of innovative polyester coatings with enhanced performance characteristics.
Additionally, the aerospace and marine industries also contribute to the demand for polyester coatings in the United States. Polyester coatings are used in aircraft and marine applications such as aircraft interiors, ship exteriors, and marine equipment, offering exceptional durability and resistance to harsh environmental conditions including saltwater exposure and UV radiation. As the aerospace and marine industries continue to expand and modernize, the demand for high-performance polyester coatings that meet stringent regulatory standards for safety and durability is expected to grow.
Furthermore, the electronics industry is another key consumer of polyester coatings in the United States. Polyester coatings are utilized in electronic components and circuit boards for their insulating properties, moisture resistance, and protection against environmental contaminants. With the increasing demand for electronic devices and consumer electronics, driven by advancements in technology and the growing trend towards connectivity and IoT (Internet of Things) devices, the demand for polyester coatings that offer reliable protection and performance in electronic applications is on the rise.
Moreover, the furniture and appliances industries also contribute to the demand for polyester coatings in the United States. Polyester coatings are used in furniture, appliances, and household products for their decorative finishes, durability, and resistance to scratches and stains. With the growing demand for stylish and durable furniture and appliances in residential and commercial settings, the demand for polyester coatings that offer a wide range of colors, textures, and finishes to meet consumer preferences is increasing.
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