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Low Temperature Powder Coatings Market Size

  • Report ID: GMI6437
  • Published Date: Aug 2023
  • Report Format: PDF

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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market size for low temperature powder coatings was USD 101 million in 2022 and is estimated to reach USD 166.3 million by 2032 driven by the rising demand for its ecofriendly nature, low energy requirements and versatility worldwide.

The polyester resin type segment recorded USD 27.1 million in 2022 and is expected to grow through 2023-2032, owing to increasing popularity in architectural and outdoor applications. ?

Demand for low temperature powder coatings in the U.S. reached USD 23.4 million in 2022 and is predicted to witness substantial growth through 2032 due to rising adoption across the automotive sector in the region.

Some major low temperature powder coatings providers include PPG Industries, Inc., Axalta Coating Systems, AkzoNobel N.V., The Sherwin-Williams Company, Jotun Group, TIGER Coatings GmbH & Co. KG, IGP Powder Coatings, Teknos Group, and Valspar Corporation.

Low Temperature Powder Coatings Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 191
  • Countries covered: 20
  • Pages: 150
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