What Has Been the Growth Trajectory for the Low Temperature Powder Coatings Market in Recent Years?
The low temperature powder coatings market has seen considerable growth due to a variety of factors.
• The market size of low-temperature powder coatings has witnessed a robust growth in previous years. It is predicted to rise from $0 billion in 2024 to $0 billion in 2025, with a compound annual growth rate (CAGR) of 5.3%.
Regulatory measures imposed for environmental protection, energy conservation, augmentation in industrial and manufacturing sectors, along with growth in furniture and appliances, and the efficiency of powder coating, have led to growth in the historical period.
How Does the Forecast Look for the Low Temperature Powder Coatings Market?
The low temperature powder coatings market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations indicate that the market size for low temperature powder coatings will experience substantial growth in the years to come, with a projected value of $0 billion by 2029, developing at a compound annual growth rate (CAGR) of 7.2%.
This predicted growth can be linked to factors such as sustainable construction methods, IT and electronics, lightweight automotive manufacturing, renewable energy, and methods for preventing corrosion. Key emerging trends during this forecast period encompass the incorporation of digital printing, further advancements in surface protection, the development of sustainable and environmentally friendly formulations, enhancements in energy-efficient manufacturing, and the increasing integration of nanotechnology.
What Are the Critical Driver Fuelling the Low Temperature Powder Coatings Market's Growth?
The expansion of the low-temperature powder coatings market is due in large part to an increased demand for shorter curing times and less extreme curing temperatures. For example, typical thermoset powders, a type of powder coating, cure at around 200 °C (or 390 °F) for a duration ranging between 10-15 minutes or extending up to 10-30 minutes. Teknos asserts that the curing time for polyester-based powder coatings is 10 minutes at a temperature of 160 °C, while for Epoxy polyester-based powder coating it's the same duration but at a slightly lower heat of 145 °C. If one compares these figures to those of conventional powder coating, they will find a roughly 40 °C to 65 °C and 5 to 6 minutes difference in temperature and time required for curing, respectively. These reductions in curing temperature and time have been greatly advantageous to end-user industries and sparked growth in the low-temperature powder coatings market.
How Is the Low Temperature Powder Coatings Market segmented?
The low temperature powder coatings market covered in this report is segmented –
1) By Resin: Acrylic, Polyurethane, Polyester & Polyester Hybrids, Epoxy & Epoxy Hybrids, Other Resins
2) By Substrate Type: Non-Metal, Metal
3) By End-Use Industry: Furniture, Appliances, Automotive, Architectural, Retail, Electronics, Medical, Other End-Use Industries
Subsegments:
1) By Acrylic: Thermosetting Acrylics, Thermoplastic Acrylics
2) By Polyurethane: Aliphatic Polyurethane, Aromatic Polyurethane
3) By Polyester & Polyester Hybrids: Pure Polyester, Polyester Or Epoxy Hybrids, Specialty Polyesters
4) By Epoxy & Epoxy Hybrids: Pure Epoxy, Epoxy Or Polyester Hybrids
5) By Other Resins: Thermoplastic Resins, Functional Resins, Specialty Resins For Specific Applications
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What New Trends Are Influencing the Low Temperature Powder Coatings Market?
Leading corporations in the low temperature powder coatings market, such as PPG, are venturing into the creation of innovative products like PPG ENVIRO-PRIME EPIC 200R coatings, to secure a better position in the market. These electrocoat solutions offer a cure at lower temperatures compared to their market rivals, leading to a more sustainable solution for clients via decreased energy consumption and CO2 emissions reduction. To illustrate, PPG, a US-based coatings producer, in June 2023, introduced its novel PPG ENVIRO-PRIME EPIC 200R coatings. These are a range of electrocoat offerings that cure at less intensified temperatures than their counterparts, offering clients sustainability advantages such as decreased energy use and lower CO2 emissions at production sites.
Who Are the Key Players in the Low Temperature Powder 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.
What Is The Most Dominant Region In The Low Temperature Powder Coatings Market?
Asia-Pacific was the largest region in the low temperature powder coatings market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the low temperature powder coatings market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
