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Low Temperature Powder Coatings Market worth $5.2 billion by 2023


(EnergyIndustry.Net, May 07, 2020 ) The report "Low Temperature Powder Coatings Market by Substrate (Non-metal, Metal), Resin (Polyester & Hybrids, Epoxy & Hybrids, PU, Acrylic), End-use Industry (Furniture, Appliances, Automotive, Architectural, Electronics, Medical), and Region - Forecast to 2023" The low temperature powder coatings market is expected to grow from USD 3.9 billion in 2018 to USD 5.2 billion by 2023, at a CAGR of 6.0% during the forecast period. The major factors driving the low temperature powder coatings market include the increase in energy savings due to reduction in cure temperatures, growing end-use industries, and technological advancements.

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The non-metal segment is projected to register the higher CAGR in the low temperature powder coatings market during the forecast period.

Low temperature powder coatings technology provides practical benefits in the coating of many non-metallic substrates such as wood & MDF, plastics, glass, and composites. The growth of this segment is attributed to the rapidly expanding functional range of powders beyond traditional metal product finishing, into non-metallic substrates such as wood and MDF, plastics, glass, and composites. Low temperature powder coatings technology enables powder coating of non-conductive and non-metallic substrates by using a low-cost surface treatment that does not emit VOCs or other hazardous by-products.

The polyester & polyester hybrids segment is estimated to be the largest resin chemistry during the forecast period.

Resins used in low temperature powder coatings can be ground into fine particles, which is necessary for spray application and to impart even film finish. Polyester & polyester hybrids resins are preferred over other resin types because of their outstanding physical properties that enable them to withstand prolonged outdoor exposure. Polyester powder coatings exhibit good flow properties, wear resistance, and overbake stability. Super-durable polyester formulations retain color and gloss in harsh exterior applications. Polyester powder coatings are especially useful in architectural, container, shopping cart, lawn and garden, and agricultural & construction equipment applications. These factors contribute to the demand for polyester & polyester hybrids.

Don't miss out on business opportunities in Low Temperature Powder Coatings Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow.

Browse in-depth TOC on "Low Temperature Powder Coatings Market”
135 - Market Data Tables
45 - Figures
155 - Pages

APAC is expected to hold the largest share of the low temperature powder coatings market during the forecast period.

APAC has emerged as the leading consumer and producer of low temperature powder coatings. The easy availability of low-cost labor and economical & accessible raw materials are driving foreign investments, which is increasing the production of low temperature powder coatings in the region. APAC is also the fastest-growing low temperature powder coatings market.

Major vendors in the low temperature powder coatings market include Akzo Nobel N.V. (Netherlands), Axalta Coating Systems, LLC (US), Jotun A/S (Norway), PPG Industries, 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), and CIN Industrial Coatings (Portugal).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Mr. Aashish Mehra


Source: EmailWire.Com

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