Market Overview:
The global low temperature powder coatings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for low temperature powder coatings from various end-use industries, such as furniture, appliances, automotive, architectural, retail and electronics. Low temperature powder coatings are also being increasingly used in medical applications owing to their superior properties such as corrosion resistance and durability. In terms of region, North America is expected to lead the global low temperature powder coatings market during the forecast period followed by Europe and Asia Pacific.
Product Definition:
Low Temperature Powder Coatings are coatings which can be applied to a substrate at a temperature below the boiling point of the coating material. Low Temperature Powder Coatings are often used when high-temperature resistance or other thermal properties are required.
Polyester & Polyester Hybrids:
Polyester & polyester hybrid coatings are gaining importance in the low temperature powder coatings market on account of their excellent properties including abrasion and solvent resistance, high tensile strength, toughness and dimensional stability.
Increasing demand for environment-friendly products is expected to be a key factor driving the global low temperature powder coatings market over the forecast period. Stringent environmental regulations have been imposed on various industries by regulatory bodies such as U.
Epoxy & Epoxy-Polyester Hybrids:
Epoxy & epoxy-polyester hybrid coatings are used in low temperature powder coatings owing to their excellent properties such as abrasion and corrosion resistance, high thermal stability, and good electrical insulation. The growing demand for these products can be attributed to the increasing application scope of powder coating in automotive components, architectural metal finishes, industrial equipment & machinery parts among others.
Application Insights:
Furniture was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. Furniture held a significant share of more than 40% in 2017. Powder coating is applied on wood furniture pieces to protect them from moisture, which leads to mold or mildew formation. This boosts product demand for furniture applications as it helps maintain the appearance of wooden surfaces while protecting them from moisture and UV rays, thereby increasing their lifespan.
The growing preference for powder coatings among manufacturers of home appliances is expected to have a positive impact on industry growth over the forecast period. The product offers better heat resistance compared with other coating types such as lacquer or oil based paints, which increases its demand for kitchenware such as cookware sets, baking trays & covers and others sold through online retail channels or specialty stores catering specifically towards this end-use segmentation.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a revenue share of over 38% in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 owing to increasing product demand from various end-use industries, such as furniture, appliances, automotive, construction & housing sector.
The growth can be attributed to rising disposable income coupled with growing population especially in China and India which has led towards an increased requirement for consumer electronics including smartphones along with other household appliances including refrigerators and washing machines among others. This factor is anticipated would have a positive impact on industry growth over the next eight years (2018 - 2030).
Growth Factors:
- Increasing demand from automotive and aerospace industries
- Growing popularity of powder coatings among consumers for home improvement projects
- Rising awareness about the benefits of low temperature powder coatings over traditional liquid coatings
- Technological advancements that have made low temperature powder coatings more durable and efficient
- Growing number of coating service providers offering customized solutions to meet the specific needs of their customers
Scope Of The Report
Report Attributes
Report Details
Report Title
Low Temperature Powder Coatings Market Research Report
By Type
Polyester & Polyester Hybrids, Epoxy & Epoxy-Polyester Hybrids, Polyurethane, Acrylic, Others
By Application
Furniture, Appliances, Automotive, Architectural, Retail, Electronics, Medical, Others
By Companies
Akzo Nobel N.V., Axalta Coating Systems, Cin Industrial Coatings S.A., Forrest Technical Coatings, Jotun A/S, Platinum Phase Sdn Bhd, PPG Industries Inc., Protech Powder Coatings Inc., Teknos Group, The Sherwin-Williams Company, Tulip Paints
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Low Temperature Powder Coatings Market Report Segments:
The global Low Temperature Powder Coatings market is segmented on the basis of:
Types
Polyester & Polyester Hybrids, Epoxy & Epoxy-Polyester Hybrids, Polyurethane, Acrylic, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Furniture, Appliances, Automotive, Architectural, Retail, Electronics, Medical, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Akzo Nobel N.V.
- Axalta Coating Systems
- Cin Industrial Coatings S.A.
- Forrest Technical Coatings
- Jotun A/S
- Platinum Phase Sdn Bhd
- PPG Industries Inc.
- Protech Powder Coatings Inc.
- Teknos Group
- The Sherwin-Williams Company
- Tulip Paints
Highlights of The Low Temperature Powder Coatings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polyester & Polyester Hybrids
- Epoxy & Epoxy-Polyester Hybrids
- Polyurethane
- Acrylic
- Others
- By Application:
- Furniture
- Appliances
- Automotive
- Architectural
- Retail
- Electronics
- Medical
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Low Temperature Powder Coatings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Low temperature powder coatings are a type of coating that is applied at temperatures below the normal operating range for most industrial equipment. This allows the coating to be applied in a thinner layer, which reduces the time and cost needed to apply the coating.
Some of the key players operating in the low temperature powder coatings market are Akzo Nobel N.V., Axalta Coating Systems, Cin Industrial Coatings S.A., Forrest Technical Coatings, Jotun A/S, Platinum Phase Sdn Bhd, PPG Industries Inc., Protech Powder Coatings Inc., Teknos Group, The Sherwin-Williams Company, Tulip Paints.
The low temperature powder coatings market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Low Temperature Powder Coatings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Low Temperature Powder Coatings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Low Temperature Powder Coatings Market - Supply Chain
4.5. Global Low Temperature Powder Coatings Market Forecast
4.5.1. Low Temperature Powder Coatings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Low Temperature Powder Coatings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Low Temperature Powder Coatings Market Absolute $ Opportunity
5. Global Low Temperature Powder Coatings Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Low Temperature Powder Coatings Market Size and Volume Forecast by Type
5.3.1. Polyester & Polyester Hybrids
5.3.2. Epoxy & Epoxy-Polyester Hybrids
5.3.3. Polyurethane
5.3.4. Acrylic
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Low Temperature Powder Coatings Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Low Temperature Powder Coatings Market Size and Volume Forecast by Application
6.3.1. Furniture
6.3.2. Appliances
6.3.3. Automotive
6.3.4. Architectural
6.3.5. Retail
6.3.6. Electronics
6.3.7. Medical
6.3.8. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Low Temperature Powder Coatings Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Low Temperature Powder Coatings Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Low Temperature Powder Coatings Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Low Temperature Powder Coatings Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Low Temperature Powder Coatings Demand Share Forecast, 2019-2026
9. North America Low Temperature Powder Coatings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Low Temperature Powder Coatings Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Low Temperature Powder Coatings Market Size and Volume Forecast by Application
9.4.1. Furniture
9.4.2. Appliances
9.4.3. Automotive
9.4.4. Architectural
9.4.5. Retail
9.4.6. Electronics
9.4.7. Medical
9.4.8. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Low Temperature Powder Coatings Market Size and Volume Forecast by Type
9.7.1. Polyester & Polyester Hybrids
9.7.2. Epoxy & Epoxy-Polyester Hybrids
9.7.3. Polyurethane
9.7.4. Acrylic
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Low Temperature Powder Coatings Demand Share Forecast, 2019-2026
10. Latin America Low Temperature Powder Coatings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Low Temperature Powder Coatings Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Low Temperature Powder Coatings Market Size and Volume Forecast by Application
10.4.1. Furniture
10.4.2. Appliances
10.4.3. Automotive
10.4.4. Architectural
10.4.5. Retail
10.4.6. Electronics
10.4.7. Medical
10.4.8. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Low Temperature Powder Coatings Market Size and Volume Forecast by Type
10.7.1. Polyester & Polyester Hybrids
10.7.2. Epoxy & Epoxy-Polyester Hybrids
10.7.3. Polyurethane
10.7.4. Acrylic
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Low Temperature Powder Coatings Demand Share Forecast, 2019-2026
11. Europe Low Temperature Powder Coatings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Low Temperature Powder Coatings Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Low Temperature Powder Coatings Market Size and Volume Forecast by Application
11.4.1. Furniture
11.4.2. Appliances
11.4.3. Automotive
11.4.4. Architectural
11.4.5. Retail
11.4.6. Electronics
11.4.7. Medical
11.4.8. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Low Temperature Powder Coatings Market Size and Volume Forecast by Type
11.7.1. olyester & Polyester Hybrids
11.7.2. Epoxy & Epoxy-Polyester Hybrids
11.7.3. Polyurethane
11.7.4. Acrylic
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Low Temperature Powder Coatings Demand Share, 2019-2026
12. Asia Pacific Low Temperature Powder Coatings Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Low Temperature Powder Coatings Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Low Temperature Powder Coatings Market Size and Volume Forecast by Application
12.4.1. Furniture
12.4.2. Appliances
12.4.3. Automotive
12.4.4. Architectural
12.4.5. Retail
12.4.6. Electronics
12.4.7. Medical
12.4.8. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Low Temperature Powder Coatings Market Size and Volume Forecast by Type
12.7.1. Polyester & Polyester Hybrids
12.7.2. Epoxy & Epoxy-Polyester Hybrids
12.7.3. Polyurethane
12.7.4. Acrylic
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Low Temperature Powder Coatings Demand Share, 2019-2026
13. Middle East & Africa Low Temperature Powder Coatings Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Low Temperature Powder Coatings Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Low Temperature Powder Coatings Market Size and Volume Forecast by Application
13.4.1. Furniture
13.4.2. Appliances
13.4.3. Automotive
13.4.4. Architectural
13.4.5. Retail
13.4.6. Electronics
13.4.7. Medical
13.4.8. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Low Temperature Powder Coatings Market Size and Volume Forecast by Type
13.7.1. Polyester & Polyester Hybrids
13.7.2. Epoxy & Epoxy-Polyester Hybrids
13.7.3. Polyurethane
13.7.4. Acrylic
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Low Temperature Powder Coatings Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Low Temperature Powder Coatings Market: Market Share Analysis
14.2. Low Temperature Powder Coatings Distributors and Customers
14.3. Low Temperature Powder Coatings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Akzo Nobel N.V.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Axalta Coating Systems
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cin Industrial Coatings S.A.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Forrest Technical Coatings
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Jotun A/S
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Platinum Phase Sdn Bhd
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. PPG Industries Inc.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Protech Powder Coatings Inc.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Teknos Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. The Sherwin-Williams Company
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Tulip Paints
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
