Global Low Temperature Powder Coatings market report 2024, Forecast To 2033
5 Feb, 2024
The low temperature powder coatings market has experienced robust growth, increasing from $0 billion in 2023 to $0 billion in 2024, with a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period is attributed to environmental regulations, energy savings, industrial and manufacturing growth, furniture and appliances, and powder coating efficiency. Looking ahead to 2028, the market is anticipated to see strong growth, reaching $0 billion, maintaining a 6.2% CAGR. The expected growth in the forecast period can be linked to green building practices, electronics and IT, automotive lightweighting, renewable energy, and corrosion prevention. Major trends in the forecast period include digital printing integration, advanced surface protection, sustainable and eco-friendly formulations, energy-efficient manufacturing, and nanotechnology integration.
Global Low Temperature Powder Coatings Market Key Driver
The low-temperature powder coatings market is witnessing growth attributed to the need for lower curing temperatures and less curing time. The distinct advantages, such as a significant reduction in curing temperature and time compared to traditional powder coatings, contribute to increased end-user adoption. The market for low-temperature powder coatings is experiencing notable benefits, driven by the lower environmental impact and enhanced efficiency. The growth of the low-temperature powder coatings market aligns with the industry's demand for improved curing processes, reflecting substantial market sizes in 2023, 2024, and 2028.
Get A Free Sample Of The Global Low Temperature Powder Coatings Market ReportGlobal Low Temperature Powder Coatings Market Segments
The global 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
By Geography: The regions covered in the Low Temperature Powder Coatings market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacificwas the largest region in the low temperature powder coatings market share in 2023. Asia-Pacificis 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.
Major Low Temperature Powder Coatings Industry Players
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.
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Low Temperature Powder Coatings Market Overview
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, and acrylic among others. Only goods and services traded between entities or sold to end consumers are included.
Low Temperature Powder Coatings Global Market Report 2023 provides data on the global low temperature powder coatings market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The low temperature powder coatings market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.