Press release
Strong Growth Ahead: Low Temperature Powder Coatings Market Size To Grow At Arecord 7.2% Cagr By 2029
Low Temperature Powder Coatings
How Big Is the Low Temperature Powder Coatings Market Size Expected to Be by 2034?
The market size for low temperature powder coatings has seen a significant increase in the past few years. Market projections predict a growth from $0 billion in 2024 to $0 billion in 2025, delivering a compound annual growth rate of 5.3%. The historical period's growth has been fueled by factors such as environmental regulation, energy conservation measures, growth in industrial and manufacturing sectors, as well as improvements in powder coating efficiency and its usage in furniture and appliances.
There are strong projections for significant growth in the low temperature powder coatings market in the coming years, with an estimated value of $0 billion in 2029, and a compound annual growth rate (CAGR) of 7.2%. Factors influencing this growth during the forecast period include the adoption of green construction methods, advancements in the electronics and IT sector, lightweighting in the automotive industry, renewable energy, and corrosion prevention measures. The upcoming trends that are expected in this forecast period encompass the integration of digital printing, heightened surface protection techniques, formulations that are both sustainable and environmentally-friendly, manufacturing processes that realize energy efficiencies, and the incorporation of nanotechnology.
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What Are the Emerging Segments Within the Low Temperature Powder Coatings Market?
The low temperature powder coatings market covered in this report is segmented -
1) By Resin: Acrylic, Polyurethane, Polyester & Polyester Hybrids, Epoxy & Epoxy Hybrids, Other Resins
2) By Substrate Type: Non-Metal, Metal
3) By End-Use Industry: Furniture, Appliances, Automotive, Architectural, Retail, Electronics, Medical, Other End-Use Industries
Subsegments:
1) By Acrylic: Thermosetting Acrylics, Thermoplastic Acrylics
2) By Polyurethane: Aliphatic Polyurethane, Aromatic Polyurethane
3) By Polyester & Polyester Hybrids: Pure Polyester, Polyester Or Epoxy Hybrids, Specialty Polyesters
4) By Epoxy & Epoxy Hybrids: Pure Epoxy, Epoxy Or Polyester Hybrids
5) By Other Resins: Thermoplastic Resins, Functional Resins, Specialty Resins For Specific Applications
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What Long-Term Drivers Are Shaping Low Temperature Powder Coatings Market Trends?
The escalation in demand for reduced curing durations and temperatures has fueled the growth of the low-temperature powder coatings market. Regular powder coatings like thermoset powders typically cure at a temperature of 390 °F (200 °C) for a period ranging from 10 to 15 minutes or 10 to 30 minutes. As stated by Teknos, the curing temperature for polyester-based powder coatings stands at 160 °C for 10 minutes, and 145 °C for 10 minutes for Epoxy polyester-based powder coating. The variation in curing duration and temperature between the typical powder coating and the low-temperature powder coating averages between 40 °C to 65 °C and a time difference of around 5 to 6 minutes. Such lower curing times and temperatures have proven to be greatly beneficial to the end-user industry, thereby propelling the market for the low-temperature powder coatings.
Who Are the Top Competitors in Key Low Temperature Powder Coatings Market Segments?
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.
What Low Temperature Powder Coatings Market Trends Are Gaining Traction Across Different Segments?
Leading entities in the low temperature powder coatings market such as PPG are endeavoring to secure a competitive advantage through the introduction of novel products, including the PPG ENVIRO-PRIME EPIC 200R coatings. This innovative electrocoat (e-coat) product line, launched by the US-based coating manufacturer in June 2023, cures at temperatures significantly lower than rival technologies. This not only reduces energy consumption but also aids in diminishing CO2 emissions during the manufacturing process, thereby offering a greener, more sustainable option for customers.
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Which Regions Are Becoming Hubs for Low Temperature Powder Coatings Market Innovation?
Asia-Pacific was the largest region in the low temperature powder coatings market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the low temperature powder coatings market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Low Temperature Powder Coatings Market?
2. What is the CAGR expected in the Low Temperature Powder Coatings Market?
3. What Are the Key Innovations Transforming the Low Temperature Powder Coatings Industry?
4. Which Region Is Leading the Low Temperature Powder Coatings Market?
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