Low Temperature Powder Coatings Market Size - By Resin Type (Polyester, Epoxy, Polyurethane, Hybrid), By Substrate Type (Metal, Aluminum, Steel), By End-use & Global Forecast, 2023 – 2032

Low Temperature Powder Coatings Market Size

Low Temperature Powder Coatings Market size was valued at around USD 101 million in 2022 and is estimated to reach USD 166.3 million till 2032. Low-temperature powder coatings are known for their eco-friendly attributes. Global powder coatings industry size is anticipated to surpass USD 25.5 billion by 2032 due to increasing demand in the automotive, aerospace and marine industry.
 

They have lower energy requirements during the curing process, resulting in reduced greenhouse gas emissions and lower energy consumption compared to traditional high-temperature powder coatings or liquid coatings.
 

Low-temperature powder coatings can be applied to a wide range of substrates, including metal, wood, and plastics. This versatility expands their applications across various industries, such as automotive, furniture, appliances, and electronics. The lower curing temperature of low-temperature powder coatings allows for energy savings during the coating process.
 

Low-temperature powder coatings may have performance limitations compared to traditional high-temperature powder coatings. The performance of low-temperature powder coatings can vary depending on the substrate material. Low-temperature powder coatings can be more expensive than traditional coatings, affecting their adoption, especially for cost-sensitive applications or industries.
 

COVID-19 Impact

Several end-user industries, such as automotive, construction, and furniture, experienced declines in demand due to lockdowns and economic uncertainties. This drop in demand might have impacted the consumption of low-temperature powder coatings. Many construction and infrastructure projects were delayed or put on hold due to the pandemic.
 

Low Temperature Powder Coatings Market Trends

The increasing focus on sustainability and eco-friendly solutions has driven the demand for low-temperature powder coatings. These coatings are seen as a greener alternative to traditional high-temperature powder coatings and liquid coatings due to their lower energy consumption and reduced greenhouse gas emissions. Low-temperature powder coatings offer energy savings during the curing process, making them attractive to industries looking to reduce their energy consumption and operational costs.
 

Low Temperature Powder Coatings Market Analysis

Based on resin type, the low temperature powder coatings market is segmented as polyester, epoxy, polyurethane, hybrid, others. Polyester held a majority industry value of USD 27.1 million in 2022. Polyester-based low-temperature powder coatings provide superior outdoor weathering and UV resistance, making them popular for architectural and outdoor applications. Polyester resins offer a wide range of color and gloss options, making them attractive for decorative finishes in the furniture and home appliances industries.
 

Based on substrate type, the low temperature powder coatings market is segmented as Metal, Aluminium, Steel, Others. Metal held a dominant industry share of around 40% in 2022. Metal substrates are commonly used in various industries, and the application of low-temperature powder coatings allows for energy savings during the curing process, as they require lower temperatures compared to traditional coatings.
 

Based on end-use the low temperature powder coatings market is segmented as automotive, furniture, appliances, electronics, others. Automotive segment is anticipated to grow at 4.8% CAGR by 2032. Low-temperature powder coatings allow for energy savings during the curing process, making them attractive to automotive manufacturers aiming to reduce their carbon footprint and production costs.
 

U.S. dominated the North American region with majority low temperature powder coatings market share and a revenue of USD 23.4 million in 2022. The automotive sector is a significant consumer of low-temperature powder coatings in North America. These coatings offer corrosion resistance and durability, making them ideal for protecting automotive components and improving the overall performance of vehicles.
 

Low Temperature Powder Coatings Market Share

Some of the major industry players operating in the Low temperature powder coatings market are:

• PPG Industries, Inc.
• Axalta Coating Systems
• AkzoNobel N.V.
• The Sherwin-Williams Company
• Jotun Grou
• TIGER Coatings GmbH & Co. KG
• IGP Powder Coatings
• Teknos Group
• Valspar Corporation (now part of Sherwin-Williams),
• Kansai Paint Co., Ltd.
• RPM International Inc.
•  TCI Powder Coatings
• Akozon Inc.,
• Protech Powder Coatings Inc.
• Evonik Industries AG among others.
   

Low temperature powder coatings Industry News:

•  In February 2021, PPG announced the expansion of company acquired VersaFlex, which specializes in polyurea, epoxy and polyurethane coatings for water and wastewater infrastructure, flooring, transportation infrastructure, and industrial applications.
   

Low temperature powder coatings market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments:

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By Resin Type

• Polyester
• Epoxy
• Polyurethane
• Hybrid
• Others

By Substrate Type

• Metal
• Aluminum
• Steel
• Others

By End-use

• Automotive
• Furniture
• Appliances
• Electronics
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Malaysia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt