Global Low Temperature Coating (Low Cure Coating) Market Size By Coating Type (Powder-Based, Liquid-Based), By Resin Type (Polyester, Polyurethane, Epoxy, Acrylic), By Geographic Scope And Forecast

Low Temperature Coating (Low Cure Coating) Market Size And Forecast

Low Temperature Coating (Low Cure Coating) Market size had a valuation of USD 5.21 Billion in 2022. We expect that the market will reach a valuation of USD 11.78 Billion by 2030, with an exceptional CAGR of 5.13% from 2024-2030.

The global Low Temperature Coating (Low Cure Coating) Market is expanding due to the exponential rise in disposable income in developing countries, which is pushing the boundaries for the furniture and automotive industry. Furthermore, the industry is also benefiting from growing concern over environmental benefits and reducing CO2 emissions. However, the concerns regarding the use of chemicals are posing a potential threat to market growth. The Global Low Temperature Coating (Low Cure Coating) Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Low Temperature Coating (Low Cure Coating) Market Definition

The Low Temperature Coating is special coatings that can be cured or applied at temperatures as low as 130-160°C. On average, simple powder or liquid coatings require a curing temperature of 200°C or more based on the curing time. Thus, using Low Temperature Coating significantly reduce the energy requirements, which is often used for achieving higher temperatures to complete the curing process.

Based on the resin type, the Low Temperature Coating is classified into polyester, polyurethane, epoxy, and acrylic. On the other hand, based on coating type, these are classified as powder coatings and liquid coatings. Powder coatings are much more beneficial because of being easy to apply and have high protective qualities. Powder coatings are being extensively used in the furniture sector along with the automotive sector.

Global Low Temperature Coating (Low Cure Coating) Market Overview

The primary growth factors for the global Low Temperature Coating (Low Cure Coating) Market include the environmental benefits of Low Temperature Coating, the growth of the furniture sector due to increasing construction activities and disposable income of the global population, and rising demand from the automotive industry. Low Temperature Coating have several environmental and performance benefits because of their low energy requirements, as the curing process can be completed at low temperatures.

It uses less amount of fuel and electricity, thus having a low carbon footprint compared to simple coatings. Because of low CO2 emissions, the demand for Low Temperature Coating has increased significantly. The disposable income of the global population has fueled the luxurious lifestyle. The furniture industry has benefitted drastically due to such developments, as the demand for luxurious furniture is being boosted in developed and developing countries. Thus, the global Market is growing at a staggering CAGR in the Asia-Pacific region.

Global Low Temperature Coating (Low Cure Coating) Market Segmentation Analysis

The Global Low Temperature Coating (Low Cure Coating) Market is Segmented on the Basis of Coating Type, Resin Type, And Geography.

Low Temperature Coating (Low Cure Coating) Market, By Coating Type

• Powder-Based
• Liquid-Based

Based on Coating Type, the global market for Low Temperature Coating is segmented into power-based and liquid-based. The powder segment is contributing the highest to the growth of the global Low Temperature Coating (Low Cure Coating) Market by coating type. Powder coatings are easier to handle and apply and offer greater benefits compared to paints and other coating types. Powder coatings are considerably resistant to heat and other corrosive factors, which has contributed to their rising demand in industries like automotive, construction, furniture, etc.

Low Temperature Coating (Low Cure Coating) Market, By Resin Type

• Polyester
• Polyurethane
• Epoxy
• Acrylic

Based on Resin Type, the global market for Low Temperature Coating is segmented into polyester, polyurethane, epoxy, and acrylic. The epoxy segment exerted greater control over the global Low Temperature Coating (Low Cure Coating) Market by resin type. The Low Temperature powder coatings can be cured at temperatures as low as 130–160°C, allowing easy application while making no compromises in terms of durability. Thus, the LTCs have found extensive applications in several industries, including the rapidly expanding automotive sector.

Low Temperature Coating (Low Cure Coating) Market, By Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Based on Geography, the global market for Low Temperature Coating is segmented into North America. Europe, Asia Pacific, Middle East and Africa, and Latin America. The Asia Pacific region secured a leading position in the global Low Temperature Coating (Low Cure Coating) Market by geography during the forecast period. Asia is economically attractive for Western players because of its affordable yet skilled labor. Because of such benefits, the Asia Pacific region has welcomed significant foreign investment to support industrial development in the region, which is contributing to the region’s expansion.

Key Players

The “Global Low Temperature Coating (Low Cure Coating) Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are PPG Industries Inc, DuPont, Valspar, Vitracoat America, FORREST Technical Coatings, Specialty Polymer Coatings Inc, Bowers Industrial Inc, Phygen Coatings Inc, RPM International Inc, Akzo Nobel NV.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the players mentioned above globally.

Key Developments

• In June 2023, PPG Industries Inc formed an agreement with NRG Energy Inc with the vision to cut down carbon emissions by 9400 MT per annum.
• In March 2022, Valspar launched a new range of exterior paint and primer named, Valspar Defense. Valspar Defense is equipped with advanced water-beading technology for smooth application and higher durability.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Low Temperature Coating (Low Cure Coating) Market. We cover the major impacting factors driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Low Temperature Coating (Low Cure Coating) Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

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