The global low temperature powder coatings market is projected to grow from $ 4 billion in 2018 to approximately $ 5.4 billion by 2024. Some of the main factors propelling growth in global low temperature powder coatings market include rising focus towards energy savings due to reduction in cure temperatures, rapidly growing end-use industries and advancements in technologies. Low temperature powder coatings are formulated to create a complete cured coating at the lowest oven temperatures, which benefits chemical industries more than conventional liquid coatings.
Global low temperature powder coatings market is categorized into substrate type, resin chemistry, end-user and region. Based on substrate type, the market is segmented as non-metal and metal, of which non-metal segment is the fastest-growing sub-segment in in the market, owing to requirement for sustainable and advanced products to develop low temperature coatings for substrates.
On the basis of resin chemistry, the market is categorized into polyester & polyester hybrids, epoxy & epoxy-polyester hybrids, polyurethane, acrylic and others. Polyester & polyester hybrids based low temperature powder coatings are anticipated to dominate global low temperature powder coatings market as these resins are preferred over other resin types due to their superior physical properties that enable them to withstand continuous outdoor exposure. Among end-user, the market is segmented as furniture, appliances, automotive, architectural, retail, electronics, medical and others.
Geographically, global low temperature powder coatings market spans five major regions including, Asia-Pacific, Europe, North America, South America, and Middle East and Africa. In Europe and North America, low temperature powder coatings market is anticipated to grow owing to expanding new industries in the regions and rising competitors who intend to increase their share in the market.
Years considered for this report
Historical Years2014-2017
Base Year2018
Estimated Year2019
Forecast Period2020–2024
Objective of the Study
- To analyze and forecast the market size of low temperature powder
coatings market.
- To forecast global low temperature powder coatings market based on substrate
type, resin chemistry, end-user and regional distribution.
- To identify drivers and challenges for global low temperature
powder coatings market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in global low temperature
powder coatings market.
- To conduct the pricing analysis for global low temperature powder coatings
market.
- To identify and analyze the profile of leading players involved in
the manufacturing of low temperature powder coatings.
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Some of the leading players in
Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of leading manufacturers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the manufacturers which could not be identified due to the limitations of secondary research. Market Insights Research analyzed the service offerings, distribution channels and presence of all major players operating in global
Market Insights Research calculated the market size of
Key Target Audience
- Low temperature powder
coatings manufacturers and suppliers
- Government and other
regulatory bodies
- Research institutes and
organizations
- Market research and
consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
