Low temperature powder coatings market Valued $6.02 billion by 2026 | A report by PRISMATIC POWDERS, Funder America Inc. and Keyland Polymer and more

Low temperature powder coatings are a variety of powder coatings that are used due to their cost effective characteristics which requires lower amount of heat to cure and effectively coat the substrate. Conventional powder coatings are applied electrostatically and then applied on to the substrates or surfaces and subsequently cured under heat, which is a very tedious and expensive process because of the requirement of high temperatures. The cured coatings form a hard, tough coating to the surface essentially acting as a protective layer.

Market Analysis:
Global low temperature powder coatings market was valued at an estimated USD 3.74 billion in 2018; this value is projected to grow to an estimated USD 6.02 billion by 2026, registering a CAGR of 6.14% in the forecast period of 2019-2026. This growth of the market value can be attributed to the growth of the various end-users in the market resulting in growth of demand for the product.

Get Exclusive Free Sample Report at: https://databridgemarketresearch.com/request-a-sample/?dbmr=global-low-temperature-powder-coatings-market

Key Insights in the report:
• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved

Top Competitors:
1. Teknos Group
2. Tulip Paints
3. Protech Powder Coatings
4. PPG Industries
5. Akzo Nobel N.V.
6. The Sherwin-Williams Company
7. Jotun, Axalta Coating Systems LLC
8. BASF SE
9. DuPont
10. Koninklijke DSM N.V.

Key Developments in the Market:
• In April 2018, Axalta Coating Systems LLC announced the inauguration of a new manufacturing plant situated in Gujarat, India; to meet the requirements of demand from the automotive industry and various other end-users for powder coatings.
• In February 2018, Akzo Nobel N.V. announced the inauguration and beginning of operations of its powder coatings plant in Mumbai, India. With this expansion, the company hopes to meet the demands and enhance their reputation of providing specialized solutions and products in the region.

…And More GET DETAILED TOC AT: https://databridgemarketresearch.com/toc/?dbmr=global-low-temperature-powder-coatings-market

Market Drivers & Restraints:
• Cost-saving benefits associated with the usage of product due to ability of being cured at lower temperatures; this factor is expected to act as a driver for the market growth
• Rise in innovations and advancements in the market in relation to the product; this factor is expected to act as a driver for the market growth
• Intense competition from cheaper and equally affective alternatives in the market; this factor is expected to act as a restraint to the market growth

Segmentation:
By Substrate Type
• Non-Metal
• Metal

By Resin Chemistry
• Acrylic
• Polyurethane
• Polyester & Polyester Hybrids
• Epoxy & Epoxy Hybrids
• Others

By End-Use Industry
• Automotive
• Medical
• Appliances
• Furniture
• Electronics
• Architectural
• Retail
• Others

Competitive Analysis:
Global low temperature powder coatings market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of low temperature powder coatings market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Speak To Author https://databridgemarketresearch.com/speak-to-analyst/?dbmr=global-low-temperature-powder-coatings-market

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com

This release was published on openPR.