Low Temperature Powder Coatings Market

Low-Temperature Powder Coatings Market Size-(2023-2028)

Low-Temperature Powder Coatings Market is predicted to develop from $ 1.7 million in 2022 at a compound annual growth rate of 6.4% during the forecast period from 2023-2028

Low-temperature powder coatings are formulated to have a completely cured coating at very low oven temperatures. These powder coatings offer several advantages in chemical businesses compared to other conventional liquid coatings, as they can produce thicker coatings. In addition, low-temperature coatings do not emit any type of organic compounds that can prevent them from sinking and sinking when coated. Low-temperature powder coatings offer several advantages such as abrasion and chipping resistance, corrosion resistance, flexibility, high-quality finish, processing time, and cost-effectiveness. High reactivity powder coating polyesters are known to provide novel solutions for low-temperature curing, increasing their applications in several sectors. Binder-based technologies can be cured at a very low metal peak temperature, i.e. 130°C for 10 minutes, and exhibit excellent performance with additional IR curing.

Low-temperature Powder Coatings Market Drivers and Restraints:

The greatest energy savings due to lower curing temperatures, expansion in end-use businesses, and technological advancements are the main drivers of the global low-temperature powder coatings market. Low-temperature coatings have been particularly created to generate a fully cured coating at lower temperatures. These coatings are also popular as they have near-zero VOC emissions and offer much thicker surfaces than conventional coatings. The rising implementation of low-temperature powder coatings in numerous end-use industries, including automotive and electronics, is an element foreseen to accelerate development in the global marketplace.

Also, the increasing demand for powder coatings at low temperatures in the furniture sector is employed for surface finishing of aluminum and steel products for site furniture and garden furniture. This is an additional factor that should drive expansion in the target market. Escalated energy savings due to lower curing temperatures and escalated technological progress are crucial factors that should drive expansion in the target market during the outlook period. However, the complex shape of the substrates and the high humidity affecting the performance of powder coatings at low temperatures are the factors that should slow down the expansion of the target market.

LOW-TEMPERATURE POWDER COATINGS MARKET REPORT COVERAGE:

Low-Temperature Powder Coatings Market Segmentation:

Low-Temperature Powder Coatings Market-By Substrate Type

• Metal

• Non-metal

The non-metallic segment is the fastest-rising segment in the global low-temperature powder coating market. The need for sustainable and innovative products has led many manufacturers to develop coatings for substrates that have never been powder coated. New product applications for low-temperature powder coatings are being developed. These finishing materials are employed on heat-sensitive substrates such as wood and medium-density fibreboard (MDF), plastics, composites, glass, and pre-assembled parts.

Low-Temperature Powder Coatings Market-By Resin

• Polyester and polyester hybrids

• Epoxy and epoxy-polyester hybrids

• Polyurethane

• Acrylic

Low-temperature powder coatings of polyester and polyester hybrids dominated the worldwide market in the review period. These resins are preferred to other types of resins because of their exceptional physical properties that allow them to withstand prolonged exposure to the outdoors.

Low-Temperature Powder Coatings Market-By End-use 

• Furniture

• Electronics

• Automotive

• Architectural

• Others

Low-temperature powder coatings produce ecological and performance benefits over other coating and laminate systems available in the marketplace. Wood finishing requires careful planning to ensure the finished part is attractive, works well in service, and meets environmental and safety requirements.

Low-temperature Powder Coatings Market - By Region

The Low-temperature Powder Coatings Report includes the segmentation of Regions with their respective Countries.

• North America Low-temperature Powder Coatings Industry includes the U.S. and Canada.

• Europe's Low-temperature Powder Coatings Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.

• Asia Pacific Low-temperature Powder Coatings Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.

• Latin America Low-temperature Powder Coatings Industry includes Brazil, Mexico, Argentina, Chile & Rest of LATAM.

• The Middle East & Africa Low-temperature Powder Coatings Industry includes KSA, UAE, Israel, the rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA.

APAC has become the leading consumer and producer of low-temperature powder coatings across the globe. The easy availability of low-cost labor and affordable raw materials stimulates foreign investment, escalating the production of low-temperature powder coatings in the region. APAC is also the fastest-rising market for low-temperature powder coatings. APAC call will further increase in the next five years due to the expansion of furniture, appliances, and automotive businesses in developing countries. In Europe and North America, the market for low-temperature powder coatings is predicted to grow due to the expansion of new businesses in the regions and the escalating competition that is intended to increase its overall share.

Low-temperature Powder Coatings Market Key Players:

The significant players in the low-temperature powder coatings industry include Akzo Nobel N.V. (Netherlands), Axalta Coating Systems, LLC (US), Jotun A/S (Norway), PPG Businesses, Inc. (US), The Sherwin-Williams Company (US), Teknos Group (Finland), Forrest Technical Coatings (US), Platinum Phase Sdn Bhd (Malaysia), Tulip Paints (India), Protech Powder Coatings Inc. (Canada), Tiger Coatings GmbH & Co. KG, and CIN Industrial Coatings (Portugal).