Chemicals

Global Low Temperature Powder Coatings Market Size, Forecasts, And Opportunities

November 19, 2021 by The Business Research Company

Learn about the global low temperature powder coatings market through The Business Research Company, which provides information on low temperature powder coatings market size, low temperature powder coatings market drivers and restraints, low temperature powder coatings market players, the COVID-19 impact on the low temperature powder coatings market, and more.

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The global low temperature powder coatings market is expected to grow from $3.43 million in 2020 to $3.74 million in 2021 at a compound annual growth rate (CAGR) of 9.17%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global low temperature powder coatings market is expected to reach $4.76 million in 2025 at a CAGR of 6.23%.

The increase in the need for lower curing temperatures and less curing time are expected to drive innovation in low temperature powder coatings manufacturing, thus driving the market during the forecast period.

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The low temperature powder coatings market consists of sales of low-temperature powder coatings and related services. Low-temperature powder coatings cure at significantly lower temperatures than normal powder coatings. Low-temperature powder coatings are formulated using chemicals such as polyester, epoxy, polyurethane, acrylic among others. Only goods and services traded between entities or sold to end consumers are included.

Global low temperature powder coatings market segments include:

By Resin: Acrylic, Polyurethane, Polyester & Polyester Hybrids, Epoxy & Epoxy Hybrids, Others

By Substrate Type: Non-Metal, Metal

By End-Use Industry: Furniture, Appliances, Automotive, Architectural, Retail, Electronics, Medical, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Companies in low temperature powder coating market are focusing on developing advanced biobased powder coating technologies that that can be used in multiple powder coating systems.

TBRC’s low temperature powder coatings market report covers:

Major Market Players: PPG Industries, AkzoNobel NV, Axalta Coating Systems, Jotun A/S, Teknos Group, Tulip Paints, Protech Powder Coatings, Platinum Phase SDN, CIN Industrial Coatings, Keyland Polymer, Tiger Coatings Gmbh, IGP Pulvertechnik AG, Foechnical Coatings, BASF SE, Dupont, Koninklijke DSM, Prismatic Powders, Funder America Inc, and Forrest Technical Coatings.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Low Temperature Powder Coatings Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides low temperature powder coatings market overviews, analyzes and forecasts market size, share, low temperature powder coatings market players, low temperature powder coatings market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s low temperature powder coatings market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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