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Low Temperature Powder Coatings Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | PPG Industries Inc., AkzoNobel N.V., Axalta Coating Systems LLC, Jotun A/S, Teknos Group Oy, Tulip Paints
Low Temperature Powder Coatings Market Size
The Business Research Company offers in-depth market insights through Low Temperature Powder Coatings Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The low temperature powder coatings market size has grown strongly in recent years. It will grow from $0 billion in 2023 to $0 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to environmental regulations, energy savings, industrial and manufacturing growth, furniture and appliances, powder coating efficiency.
The low temperature powder coatings market size is expected to see strong growth in the next few years. It will grow to " $0 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to green building practices, electronics and it, automotive lightweighting, renewable energy, corrosion prevention. Major trends in the forecast period include digital printing integration, advanced surface protection, sustainable and eco-friendly formulations, energy-efficient manufacturing, nanotechnology integration.
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Market Segmentation:
The main types of resins in low temperature powder coatings are acrylic, polyurethane, polyester and polyester hybrids, and epoxy and epoxy hybrids. The different types of substrates of low temperature powder coatings are non-metal and metal. These are used in furniture, appliances, automotive, architectural, retail, electronics, and medical industries.
Major Driver - Driving Forces Of The Low-Temperature Powder Coatings Market
The increase in the need for lower curing temperatures and less curing time contributed to the growth of the low-temperature powder coatings market. For instance, most powder coating such as thermoset powders cures at a temperature of 390 °F (200 °C) for 10 to 15 minutes or 10 to 30 minutes. According to Teknos, the curing temperature for polyester-based powder coatings is 160 °C for 10 minutes, and for Epoxy polyester-based powder coating is 145 °C for 10 minutes. The difference in curing temperature and time between normal powder coating and a low-temperature powder coating is around 40 °C to 65 °C and a time difference of 5 to 6 minutes. The lower curing temperatures and less curing time significantly benefited the end-user industry and drove the market for the low-temperature powder coatings.
Competitive Landscape:
Major companies operating in the low temperature powder coatings market include PPG Industries Inc., AkzoNobel N.V., Axalta Coating Systems LLC, Jotun A/S, Teknos Group Oy, Tulip Paints, Protech Powder Coatings Inc., Platinum Phase SDN BHD, CIN Industrial Coatings S.L., Keyland Polymer Ltd., Tiger Coatings GmbH & Co. KG, IGP Pulvertechnik AG, Foecke GmbH & Co. KG, BASF SE, DuPont de Nemours Inc., Koninklijke DSM N.V., Prismatic Powders, Funder America Inc., Forrest Technical Coatings, The Sherwin-Williams Company, TCI Powder Coatings, IFS Coatings Inc., Midwest Industrial Coatings Inc., All Powder Paints LLC, Cardinal Paint & Powder Inc., Diamond Vogel Paints, Hentzen Coatings Inc., Jamestown Coating Technologies, Kansai Paint Co. Ltd., Nippon Paint Holdings Co. Ltd., RPM International Inc., The Valspar Corporation, Berger Paints India Limited, DuluxGroup Limited, Hempel A/S, KCC Corporation, Kansai Nerolac Paints Limited, Nihon Parkerizing Co. Ltd.
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Top Trend - Revolutionizing Powder Coatings With Ppg's Sustainable Innovations
Major companies operating in the low temperature powder coatings market are developing innovative products such as PPG ENVIRO-PRIME EPIC 200R coatings to gain a competitive edge in the market. The PPG ENVIRO-PRIME EPIC 200R electrocoat products cure at lower temperatures than competing technologies, providing sustainability benefits for customers including lower energy use and reduced CO2 emissions. For instance, in June 2023, PPG v,a US-based coatings manufacturer has launched PPG ENVIRO-PRIME EPIC 200R coatings, a suite of electrocoat (e-coat) products that cure at lower temperatures than competing technologies. The products provide sustainability benefits for customers, including lower energy use and reduced CO2 emissions at manufacturing facilities.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Low Temperature Powder Coatings Market Characteristics
3. Low Temperature Powder Coatings Market Trends And Strategies
4. Low Temperature Powder Coatings Market - Macro Economic Scenario
5. Low Temperature Powder Coatings Market Size And Growth
…..
27. Low Temperature Powder Coatings Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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