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Low Temperature Powder Coatings Market Trends

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

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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.

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.