Low Temperature Powder Coatings Global Market Report 2024

Low-temperature powder coatings are designed to cure at significantly lower temperatures compared to standard powder coatings. Formulated using various chemicals such as polyester, epoxy, polyurethane, and acrylic, these coatings provide versatile options for different applications. The goods and services considered are those traded between entities or sold to end consumers.

The main types of resins used in low-temperature powder coatings include acrylic, polyurethane, polyester and polyester hybrids, as well as epoxy and epoxy hybrids. These coatings are applied to different types of substrates, including non-metal and metal surfaces. Industries that benefit from low-temperature powder coatings encompass furniture, appliances, automotive, architectural, retail, electronics, and the medical sector.

The low temperature powder coatings market research report is one of a series of new reports that provides low temperature powder coatings market statistics, including low temperature powder coatings industry global market size, regional shares, competitors with a low temperature powder coatings market share, detailed low temperature powder coatings market segments, market trends and opportunities, and any further data you may need to thrive in the low temperature powder coatings industry. This low temperature powder coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The low temperature powder coatings market size has grown strongly in recent years. It will grow from $0 billion in 2023 to $0 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth observed in the historical period can be attributed to several factors, including the influence of environmental regulations, a focus on energy savings, growth in industrial and manufacturing sectors, increased usage in furniture and appliances, and the overall efficiency of powder coating processes.

The low temperature powder coatings market size is expected to see strong growth in the next few years. It will grow to ' $0 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The anticipated expansion in the forecasted period is driven by the adoption of environmentally conscious construction methods, advancements in the electronics and information technology sector, the emphasis on lightweighting in the automotive industry, the increasing utilization of renewable energy sources, and the implementation of corrosion prevention measures. Noteworthy trends in this period encompass the integration of digital printing, the development of sophisticated surface protection technologies, the promotion of sustainable and eco-friendly formulations, the adoption of energy-efficient manufacturing practices, and the incorporation of nanotechnology.

The demand for low-temperature powder coatings has surged due to the need for lower curing temperatures and reduced curing time. Traditional thermoset powders typically cure at 390 °F (200 °C) for 10 to 15 minutes, while polyester-based powder coatings from Teknos cure at 160 °C for 10 minutes, and Epoxy polyester-based ones cure at 145 °C for 10 minutes. This difference of around 40 °C to 65 °C and a time gap of 5 to 6 minutes has proven advantageous for end-users, propelling the growth of the low-temperature powder coatings market.

The expansion of the automotive industry is expected to be a driving force for the low-temperature powder coatings market. With the automotive sector witnessing a 5.7% increase in the production of motor vehicles worldwide, reaching 85.4 million in 2022, the benefits offered by low-temperature powder coatings, such as energy efficiency, environmental compliance, substrate compatibility, durability, and cost savings, make them increasingly attractive to the automotive industry.

Key players in the low-temperature powder coatings market, like PPG, are striving for a competitive edge through innovative products. PPG's ENVIRO-PRIME EPIC 200R coatings, launched in June 2023, cure at lower temperatures than rival technologies, providing sustainability advantages like reduced energy consumption and lower CO2 emissions in manufacturing facilities.

Companies in the low-temperature powder coating market are also focusing on the development of advanced bio-based technologies. Allnex, a global producer of industrial coating resins, has introduced a product line based on renewable monomers derived from C5 and C6 sugars, offering bio-based carboxyl polyesters suitable for various powder coating systems, including epoxy-polyester hybrids, polyester-HAA (hydroxyl-alkyl amide), and TGIC-cured formulas.

In February 2021, PPG, a US-based coatings manufacturer, acquired VersaFlex, a company known for manufacturing various coatings, including polyurethane coatings. This acquisition has not only expanded PPG's product portfolio but also strengthened its position in the protective coatings market.

Major companies operating in the low temperature powder coatings market include PPG Industries Inc., AkzoNobel N.V., Axalta Coating Systems LLC, Jotun A/S, Teknos Group Oy, Tulip Paints, Protech Powder Coatings Inc., Platinum Phase SDN BHD, CIN Industrial Coatings S.L., Keyland Polymer Ltd., Tiger Coatings GmbH & Co. KG, IGP Pulvertechnik AG, Foecke GmbH & Co. KG, BASF SE, DuPont de Nemours Inc., Koninklijke DSM N.V., Prismatic Powders, Funder America Inc., Forrest Technical Coatings, The Sherwin-Williams Company, TCI Powder Coatings, IFS Coatings Inc., Midwest Industrial Coatings Inc., All Powder Paints LLC, Cardinal Paint & Powder Inc., Diamond Vogel Paints, Hentzen Coatings Inc., Jamestown Coating Technologies, Kansai Paint Co. Ltd., Nippon Paint Holdings Co. Ltd., RPM International Inc., The Valspar Corporation, Berger Paints India Limited, DuluxGroup Limited, Hempel A/S, KCC Corporation, Kansai Nerolac Paints Limited, Nihon Parkerizing Co. Ltd.

Asia-Pacific was the largest region in the low temperature powder coatings market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the global low-temperature powder coatings market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the low temperature powder coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The low temperature powder coatings market consists of sales of low temperature powder coatings such as TGIC (tri-glycidyl isocyanurate) and hydroxy alkyl amide (HAA) polyesters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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