Global Low Temperature Powder Coating Market Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Low Temperature Powder Coating Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global low temperature powder coating market report has been segmented on the basis of substrate type, resin, end-use industries, and region.
Low Temperature Powder Coating Market: Introduction
Low temperature powder coatings are formulated to form complete cured coating at very low oven temperatures. These powder coatings offer various benefits in the chemical industries as compare to other conventional liquid coatings as these can produce thicker coatings. In addition, low temperature power coatings do not emit any type of organic compounds which can prevents them from sagging and running at a time of coating. Low temperature powder coatings offer various benefits such as resistance to chipping and abrasion, resistance to corrosion, durability, high-quality finish, less processing time, and cost-effectiveness.
High-reactive powder coating polyesters offer innovative solutions for low-temperature curing, which will allow the penetration into various new applications. Binders based technologies can be cured at a very low peak metal temperature i.e. 130 °C for 10 min, and provide excellent behavior with IR curing additionally.
These powder coatings technologies offer various benefits in coating of different non-metallic substrates including plastics, glass, wood & MDF, and composites. This coating technology enables the powder coating of non-metallic and non-conductive substrates using low-cost surface treatment which does not emit VOCs or any other hazardous chemicals.
Low Temperature Powder Coating Market: Dynamics
Increasing adoption for low temperature powder coating across various end-use sectors including automotive and electronics is a factor projected to drive the global low temperature powder coating market growth. Rising demand of low temperature powder coating from furniture industry utilized for surface finishing of aluminum and steel products for products such as site furnishings, MDF furniture, and garden furniture. This among additional factor expected to fuel the target market growth.
Increasing energy saving because of reduction in the cure temperature and increasing technological advancements. These are key factors expected to drive the target market growth over the forecast period.
However, complex shape of substrates and high humidity affect performance of low temperature powder coatings is a key factor expected to restraint the target market growth.
Low Temperature Powder Coating Market: Segment Analysis
Among the substrate type segments, the non-metal segment is expected to register major revenue share in the global low temperature powder coating market, owing to rising demand for innovative and sustainable products. The revenue of non-metal segment is anticipated to register highest CAGR.
Among the resin segments, the polyester and polyester hybrids segment is estimated to register moderate revenue share in the global low temperature powder coating market. The revenue of polyester and polyester hybrids segment is projected to register highest CAGR.
Among the end-use industries segments, the furniture segment is expected to register major revenue share in the global low temperature powder coating market. The revenue of furniture segment is projected to register highest CAGR.
Low Temperature Powder Coating Market: Region Analysis
The Asia Pacific market is expected to account for major revenue share in the global low temperature powder coating market. Asia Pacific low temperature powder coating market is projected to register highest revenue growth, due to rising demand from the furniture, electronics, and automotive industry.
Global low temperature powder coating market segmentation:
Segmentation by Substrate Type:
- Wood and Medium-Density Fibreboard (MDF)
- Plastics, Composites, & Glass
Segmentation by Resin:
- Polyester & Polyester Hybrids
- Epoxy & Epoxy-Polyester Hybrids
Segmentation by End-Use Industries:
- Others (Retail, Appliances, and Medical)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Akzo Nobel N.V.
- Axalta Coating Systems, LLC
- Jotun A/S
- PPG Industries Inc.
- The Sherwin-Williams Company
- Teknos Group
- Forrest Technical Coatings
- Platinum Phase Sdn Bhd
- Tulip Paints
- Protech Powder Coatings Inc.
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