Reports and Data estimates the global Low-temperature Powder Coatings competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Low-temperature Powder Coatings during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Akzo Nobel N.V., Axalta Coating Systems, LLC, Jotun A/S, PPG Industries, Inc., The Sherwin-Williams Company, Teknos Group, Forrest Technical Coatings, Platinum Phase Sdn Bhd, Tulip Paints, Protech Powder Coatings Inc., and CIN Industrial Coatings.
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Substrate Type Outlook:
The non-metal segment is the faster-growing segment in the overall low-temperature powder coatings market. The need for sustainable and innovative products has driven many PC manufacturers to develop coatings for substrates, which have never been powder coated. New product applications for low-temperature PCs are being developed. These finishing materials are being used on heat-sensitive substrates such as wood and medium-density fiberboard (MDF), plastics, composites, glass, and preassembled parts.
End-Use Industry Outlook:
A wide range of applications is within the furniture, appliances, automotive, architecture, medical, and other industries. These benefit the chemical industries as it produces coatings that are much thicker than those provided by conventional liquid paints. It also has low emissions of organic compounds, which prevents them from running and sagging at the time of coating. The PCs are specifically popular within the furniture industry as they provide high-quality surface finishing and protection. These PC can be used on heat-sensitive substrates such as wood, MDF, plastics, composites, and glass make them popular even with the existence of alternatives. The environmental and performance benefits offered over other coating and laminating systems is a significant driver for the market.
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For the purpose of this report Reports and Data has segmented global Low-temperature Powder Coatings market on the basis of type, application, and region:
Resins Type Outlook (Revenue, USD Million; Volume, Kilo Tons; 2020-2028)
- Polyester
- Acrylic
- Polyurethane
- Epoxy
- Others
Substrate Outlook (Revenue, USD Million; Volume, Kilo Tons; 2020-2028)
- Non- Metal
- Wood And Medium-Density Fibreboard (MDF)
- Plastics, Composites, & Glass
- Metal
End-Use Industry Outlook (Revenue, USD Million; Volume, Kilo Tons; 2020-2028)
- Electrical & Electronics
- Automotive & Transportation
- Healthcare
- Building & constructions
- Architectural
- Furniture
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the Low-temperature Powder Coatings during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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