According to the new market research report “Low Temperature Powder Coatings Market by Substrate (Metal, Non-metal), Resin (Hybrid, Polyester, Epoxy), and End-Use (Furniture, Appliances, Automotive, Medical, Retail, Electronics), and Region – Global Forecast to 2027″, size was USD 97 million in 2021 and is projected to grow at a CAGR of 3.0% during the forecast period to reach USD 116 million by 2027.
The low temperature powder coatings technology continues to develop, it is expected to substitute the existing coating technologies. The global market for low temperature powder coatings is anticipated to increase as a result of the increasing application of low temperature powder coating in a variety of end use industries, including automotive and electronics. For the surface finishing of aluminium and steel products, such as site furnishings, MDF furniture, and garden furniture, low temperature powder coating is in high demand in the furniture industry.
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Low Temperature Powder Coatings Market Segments
Based on substrate type:
- Metal
- Non-metal
Based on resin type:
- Hybrid
- Polyester
- Epoxy
- Others
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The Hybrid resin is expected to account for the largest share of the low temperature powder coatings market, by resin type, during the forecast period, in terms of value and volume.
Based on resin type, The hybrid segment is projected to be the largest resin type during the forecast period. Low temperature powder coatings based on hybrid resin has good physical properties with high-performance features along with low cure temperature for coating applications in the furniture, automotive, electronics, retail, and other industries.
Based on end – use industry:
- Furniture
- Appliances
- Automotive
- Medical
- Retail
- Electronics
- Others
Furniture is expected to account for the largest share of in the low temperature powder coatings market, by end – use, during the forecast period, in terms of value and volume.
Based on end – use, furniture segment is estimated to account for the largest share of the market during the forecast period. The growth of the infrastructure sector and the development of the furniture industry in the Asia Pacific region are expected to boost the low temperature powder coatings market in the region. China and India are likely to generate a positive impact on the market in the furniture end-use industry.
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Based on region:
- Asia Pacific
- North America
- Europe
- Rest of the World
Asia – Pacific low temperature powder coatings market is projected to register the largest market share during the forecast period.
Asia Pacific is the fastest-growing market for low temperature powder coatings mainly due to the high economic growth, and heavy investment in industries such as automotive, electronics, and furniture. PPG Industries Inc. (US), Sherwin-Williams Company (US), AkzoNobel N.V. (Netherlands) and other leading global players are adopting various strategies to increase their market share in the global low temperature powder coatings market.
Low Temperature Powder Coatings Market Key PlayersMajor players operating in the global low temperature powder coatings market include PPG Industries Inc. (US), Sherwin-Williams Company (US), Axalta coating system (US).
PPG Industries is a global manufacturer and supplier of paints, coatings, optical products, and specialty materials. It serves customers in the industrial, consumer products, transportation, and construction markets. PPG provides industrial and automotive coatings to manufacturing companies, adhesives & sealants to the automotive industry, metal pretreatments & related chemicals for industrial and automotive applications, and packaging coatings to aerosol, food & beverage container manufacturers. The company also delivers protective coating solutions for a wide range of industries. It. operates through two major segments: Performance Coatings and Industrial Coatings. The company offers low temperature powder coatings through the Industrial Coatings segment. It has 156 manufacturing facilities worldwide.
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. – 38)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 MARKET INCLUSIONS & EXCLUSIONS, BY RESIN
1.4 MARKET INCLUSIONS & EXCLUSIONS, BY END-USE INDUSTRY
1.5 STUDY SCOPE
1.5.1 MARKET SCOPE
FIGURE 1 LOW TEMPERATURE POWDER COATINGS: MARKET SEGMENTATION
1.5.2 REGIONAL SCOPE
1.5.3 YEARS CONSIDERED
1.6 CURRENCY
1.7 UNITS CONSIDERED
1.8 LIMITATIONS
1.9 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. – 42)
2.1 RESEARCH DATA
FIGURE 2 LOW TEMPERATURE POWDER COATINGS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 List of key primary interview participants
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 TOP-DOWN APPROACH
FIGURE 3 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
FIGURE 4 LOW TEMPERATURE POWDER COATINGS MARKET SIZE ESTIMATION: BY VALUE
FIGURE 5 MARKET ESTIMATION, BY REGION
FIGURE 6 MARKET, BY RESIN
2.2.2 BOTTOM-UP APPROACH
FIGURE 7 MARKET ESTIMATION, BY END-USE INDUSTRY
2.3 MARKET FORECAST APPROACH
2.3.1 SUPPLY-SIDE FORECAST
FIGURE 8 MARKET: SUPPLY-SIDE FORECAST
FIGURE 9 METHODOLOGY FOR SUPPLY-SIDE SIZING OF LOW TEMPERATURE POWDER COATINGS MARKET
2.3.2 DEMAND-SIDE FORECAST
FIGURE 10 MARKET: DEMAND-SIDE FORECAST
2.4 FACTOR ANALYSIS
FIGURE 11 FACTOR ANALYSIS OF MARKET
2.5 DATA TRIANGULATION
FIGURE 12 MARKET: DATA TRIANGULATION
2.6 ASSUMPTIONS
2.7 STUDY LIMITATIONS
2.8 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
3 EXECUTIVE SUMMARY (Page No. – 54)
TABLE 1 LOW TEMPERATURE POWDER COATINGS MARKET SNAPSHOT, 2021 VS. 2027
FIGURE 13 NON-METAL SEGMENT TO HOLD LARGER SHARE OF MARKET IN 2021
FIGURE 14 HYBRID RESIN SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE IN 2022
FIGURE 15 FURNITURE SEGMENT TO BE FASTEST-GROWING END-USE INDUSTRY
FIGURE 16 APAC TO ACCOUNT FOR LARGEST MARKET SHARE IN 2021
Continued…
