The global demand for Low Temperature Powder Coatings Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022-2028.
Low-temperature powder coatings refer to the coatings of a variety of powder, which are applied in furniture, appliances, automotive, architectural, retail, electronics, and medical among others. They have high demand across above mention industries because of cost-effective characteristics, it require a lower amount of heat to cure and effectively coat the substrate. Low-temperature powder coatings produce much thicker coating than conventional liquid coatings without running and slagging. Powder-based coatings also exhibit superior properties over conventional paints, which includes high resistance to corrosion, high-quality finish, durability, cost-effectiveness, chipping and abrasion resistance, and less processing time.
The growing end-use industries coupled with technological advancements are driving the low-temperature powder coatings market. Cost-saving benefits along with the ability to be cured at lower temperatures associated with powder-based coating are again boosting the market growth. However, it is unsuitable for thin film applications which is expected to limit market demand. Whereas, increasing demand from the automotive industry is expected to create potential demand over the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of low temperature powder coatings.
The entire low temperature powder coatings market has been sub-categorized into substrate type, resin chemistry, and end-use. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Substrate Type
By Resin Chemistry
- Polyester & Polyester Hybrids
- Epoxy & Epoxy-Polyester Hybrids
This section covers regional segmentation which accentuates on current and future demand for low temperature powder coatings market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Low Temperature Powder Coatings Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the low temperature powder coatings market include Akzo Nobel N.V., Axalta Coating Systems, LLC, Cin Industrial Coatings S.A., Forrest Technical Coatings, Jotun A/S, Platinum Phase Sdn Bhd, PPG Industries Inc., Protech Powder Coatings Inc., Teknos Group, The Sherwin-Williams Company and Tulip Paints. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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