The low temperature powder coatings global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Low Temperature Powder Coatings Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The low temperature powder coatings market size has grown strongly in recent years. It will grow from $0 billion in 2023 to $0 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to environmental regulations, energy savings, industrial and manufacturing growth, furniture and appliances, powder coating efficiency.
The low temperature powder coatings market size is expected to see strong growth in the next few years. It will grow to ” $0 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to green building practices, electronics and it, automotive lightweighting, renewable energy, corrosion prevention. Major trends in the forecast period include digital printing integration, advanced surface protection, sustainable and eco-friendly formulations, energy-efficient manufacturing, nanotechnology integration.
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Scope Of Low Temperature Powder Coatings Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Low Temperature Powder Coatings Market Overview
Market Drivers –
The increase in the need for lower curing temperatures and less curing time contributed to the growth of the low-temperature powder coatings market. For instance, most powder coating such as thermoset powders cures at a temperature of 390 °F (200 °C) for 10 to 15 minutes or 10 to 30 minutes. According to Teknos, the curing temperature for polyester-based powder coatings is 160 °C for 10 minutes, and for Epoxy polyester-based powder coating is 145 °C for 10 minutes. The difference in curing temperature and time between normal powder coating and a low-temperature powder coating is around 40 °C to 65 °C and a time difference of 5 to 6 minutes. The lower curing temperatures and less curing time significantly benefited the end-user industry and drove the market for the low-temperature powder coatings.
The low temperature powder coatings market covered in this report is segmented –
1) By Resin: Acrylic, Polyurethane, Polyester & Polyester Hybirds, Epoxy & Epoxy Hybirds, Other Resins
2) By Substrate Type: Non-Metal, Metal
3) By End-Use Industry: Furniture, Appliances, Automotive, Architectural, Retail, Electronics, Medical, Other End-Use Industries
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Regional Insights –
Asia-Pacific was the largest region in the low temperature powder coatings market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the low temperature powder coatings market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the low temperature powder coatings market include PPG Industries Inc., AkzoNobel N.V., Axalta Coating Systems LLC, Jotun A/S, Teknos Group Oy, Tulip Paints, Protech Powder Coatings Inc., Platinum Phase SDN BHD, CIN Industrial Coatings S.L., Keyland Polymer Ltd., Tiger Coatings GmbH & Co. KG, IGP Pulvertechnik AG, Foecke GmbH & Co. KG, BASF SE, DuPont de Nemours Inc., Koninklijke DSM N.V., Prismatic Powders, Funder America Inc., Forrest Technical Coatings, The Sherwin-Williams Company, TCI Powder Coatings, IFS Coatings Inc., Midwest Industrial Coatings Inc., All Powder Paints LLC, Cardinal Paint & Powder Inc., Diamond Vogel Paints, Hentzen Coatings Inc., Jamestown Coating Technologies, Kansai Paint Co. Ltd., Nippon Paint Holdings Co. Ltd., RPM International Inc., The Valspar Corporation, Berger Paints India Limited, DuluxGroup Limited, Hempel A/S, KCC Corporation, Kansai Nerolac Paints Limited, Nihon Parkerizing Co. Ltd.
Table of Contents
1. Executive Summary
2. Low Temperature Powder Coatings Market Report Structure
3. Low Temperature Powder Coatings Market Trends And Strategies
4. Low Temperature Powder Coatings Market – Macro Economic Scenario
5. Global Low Temperature Powder Coatings Market Size and Growth
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31. Global Low Temperature Powder Coatings Market Competitive Benchmarking
32. Global Low Temperature Powder Coatings Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Low Temperature Powder Coatings Market
34. Low Temperature Powder Coatings Market Future Outlook and Potential Analysis
35. Appendix
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