Low Temperature Powder Coatings Market worth $3.9 million by 2025 | Key Players include PPG Industries, Sherwin-Williams Company, AkzoNobel N.V., Axalta Coating Systems LLC, Tiger Coatings GmbH

According to recent market research "Low Temperature Powder Coatings Market by Substrate (Non-metal, Metal), Resin (Polyester, Epoxy, Hybrid), End-use Industry (Furniture, Appliances, Automotive, Retail, Medical), & Region - Global Forecast to 2025", The global low temperature powder coatings market size is projected to grow from USD 3.4 million in 2020 to USD 3.9 million by 2025, at a CAGR of 3.2%. The growth of this market is attributed to the continued growth of the furniture industry, which is the largest consumer of low temperature powder coatings. Metal and non-metal are the two types of substrates for the application of low-temperature powder coatings. Non-metal substrates include wood, plastics, glass, and composites.

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Non-metal substrate dominates the global low temperature powder coatings market. Low temperature powder coating can be used to coat many non-metallic substrates such as wood & MDF, plastics, glass, and composites. Compared to liquid paints, powder coating is known for strong adhesion, excellent durability, and the absence of runs and low VOCs during application. Low temperature powder coatings technology enables the coating of non-conductive and non-metallic substrates by using a low-cost surface treatment that does not emit VOCs or other hazardous by-products.

Hybrid resin dominates the global low temperature powder coatings market. Hybrid resins combine epoxy resin with polyester resin to form a powder with many of the same characteristics as the epoxies. They are used primarily for indoor applications. Epoxy-polyester hybrid exhibits some of the best transfer efficiencies of all thermoset powder coatings. In some cases, they may be as flexible as epoxy types but lose some hardness and chemical resistance because of the polyester component.

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The global low temperature powder coatings market size is projected to grow from USD 3.4 million in 2020 to USD 3.9 million by 2025, at a CAGR of 3.2% during the forecast period. The growth of this market is attributed to the continued growth of the furniture industry, which is the largest consumer of low temperature powder coatings. The increase in energy savings due to the reduction in cure temperatures, growing end-use industries, and technological advancements are driving the market.

The increase in energy savings due to the reduction in cure temperatures, growing end-use industries, and technological advancements are driving the low temperature powder coatings market. Suitability of low temperature powder coatings for temperature-sensitive components and increasing demand from the furniture industry in Europe are expected to provide opportunities in the low temperature powder coatings market. However, the difficulty of application in high humidity, complex shape of substrates, and environmental challenges are expected to pose a challenge in the market.

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PPG Industries is a key player in the low temperature powder coatings market. PPG’s business comprises two reportable business segments: Performance Coatings and Industrial Coatings. The Performance Coatings and Industrial Coatings reportable business segments supply coatings and specialty materials to customers in a wide array of end-uses, including industrial equipment and components; packaging material; aircraft and marine equipment; automotive original equipment (OEM); automotive refinish; as well as for other industrial and consumer products. PPG also serves commercial and residential new build and maintenance customers by supplying coatings to painting and maintenance contractors and directly to consumers for decoration and maintenance. Strategically, the company has adopted various strategies to increase its share in the market.

Axalta Coating Systems is a diversified coatings company. It mainly operates through two segments, performance coatings, and transportation coatings. The company manufactures liquid coatings and powder coatings that are used for various applications such as automotive OEMs, automotive refinish, transportation, general industrial, and architectural & decorative coatings. The company has a strong customer base and operates in many countries of Europe, North America, APAC, and the Middle East & Africa.

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