Low Temperature Powder Coatings Market May Set New Growth Story | Allnex, Axalta Coating Systems, Tiger Coatings

Global Low Temperature Powder Coatings Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, player’s market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions.

Major Players in This Report Include, AkzoNobel N.V. (Netherlands), Jotun(Norway), The Sherwin-Williams Company (United States), PPG Industries (United States), Axalta Coating Systems (United States), Tiger Coatings GmbH (Austria), Rapid Engineering Co. Pvt. Ltd. (India), The Powder Coating Institute (United States), DSM (Netherlands), Fortunecoat Industries Pvt. Ltd. (India), Allnex (Germany).

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Low temperature powder coatings does not contain solvent like volatile organic compounds further, it provides high thermal stability for temperature. Hence it is widely used in number of industries. The result of using low powder coatings for different industrial application offers minimal product waste. This coatings are able to provide prevention against abrasion, chipping, chemicals, corrosion, and weathering. Three-dimensional (3D) technology in coatings providing ease in the coating process hence, it is widely preferred for automobile and consumer goods industry. Advances in bio based low-temperature powder coating technologies provides growth opportunities for the market. For instance, Allnex has developed a line of bio based carboxyl polyesters based on renewable monomers derived from C5 and C6 sugars that can be used in a variety of powder coating systems, including epoxy-polyester hybrids, polyester-HAA (hydroxyl-alkyl amide), and TGIC-cured formulas. The rigorous regulations for the use of no VOC coatings leads to the demand for low temperature powder coatings and Geographically, Asia pacific region is expected to grow with high growth rate followed by North America and Europe. According to AMA Research, the market for Low Temperature Powder Coatings is expected to register a CAGR of 5.9% during the forecast period to 2027. This growth is primarily driven by Increasing end use industries such as automobile and furniture industry.

Key Developments in the Market: In February 2022 PPG Industries had announced the acquisition of Arsonsisi. PPG will be able to expand its powder coatings offering in Europe, the Middle East, and Africa (EMEA) region to include metallic bonding, which is one of the fastest growing markets for powder coatings and is frequently used in specialty finishes for automotive, appliance, and general industrial applications. The acquisition is in line with PPG's goal of having 40 percent of its sales from sustainably advantaged products by 2025.

Geographically, Asia pacific region is expected to grow with high growth rate followed by North America and Europe.

Market Drivers

·       Physical properties such as good adhesive ability and good wear resistance offers greater coatings hence it is widely used in number of Industries

·       Increasing end use industries such as automobile and furniture industry

Market Trend

·       Augmented furniture industry expenditure

Challenges

·       Greater start-up costs

·       High Lead times for custom coatings and colour changes during process

·       High time requirement for curing and drying

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In this research study, the prime factors that are impelling the growth of the Global Low Temperature Powder Coatings market report have been studied thoroughly in a bid to estimate the overall value and the size of this market by the end of the forecast period. The impact of the driving forces, limitations, challenges, and opportunities has been examined extensively. The key trends that manage the interest of the customers have also been interpreted accurately for the benefit of the readers.

The Low Temperature Powder Coatings market study is being classified by Type (Hybrids, Polyester, Epoxy, Others (Acrylic & polyurethane)), Substrate (Metallic, Non-Metallic), End Use (Automobile, Consumer goods, Furniture & Processing)

The report concludes with in-depth details on the business operations and financial structure of leading vendors in the Global Low Temperature Powder Coatings market report, Overview of Key trends in the past and present are in reports that are reported to be beneficial for companies looking for venture businesses in this market. Information about the various marketing channels and well-known distributors in this market was also provided here. This study serves as a rich guide for established players and new players in this market.

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Extracts from Table of Contents

Low Temperature Powder Coatings Market Research Report

Chapter 1 Low Temperature Powder Coatings Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Revenue (Value, Volume*) by Region

Chapter 5 Global Supplies (Production), Consumption, Export, Import by Regions

Chapter 6 Global Revenue (Value, Volume*), Price* Trend by Type

Chapter 7 Global Market Analysis by Application

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This report also analyzes the regulatory framework of the Global Markets Low Temperature Powder Coatings Market Report to inform stakeholders about the various norms, regulations, this can have an impact. It also collects in-depth information from the detailed primary and secondary research techniques analyzed using the most efficient analysis tools. Based on the statistics gained from this systematic study, market research provides estimates for market participants and readers.