Global Low Temperature Powder Coatings Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

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The low temperature powder coatings market consists of sales of low-temperature powder coatings and related services. Low-temperature powder coatings cure at significantly lower temperatures than normal powder coatings. Low-temperature powder coatings are formulated using chemicals such as polyester, epoxy, polyurethane, acrylic among others. Only goods and services traded between entities or sold to end consumers are included.

Global Low Temperature Powder Coatings Market Size And Drivers:

The global low temperature powder coatings market is expected to grow from $3.43 million in 2020 to $3.74 million in 2021 at a compound annual growth rate (CAGR) of 9.17%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global low temperature powder coatings market is expected to reach $4.76 million in 2025 at a CAGR of 6.23%. The increase in the need for lower curing temperatures and less curing time contributed to the growth of the low-temperature powder coatings market.

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Trends In The Global Low Temperature Powder Coatings Market

Companies in low temperature powder coating market are focusing on developing advanced biobased powder coating technologies that that can be used in multiple powder coating systems. For instance, Allnex, a global producer of industrial coating resins developed a product line based on renewable monomers derived from C5 and C6 sugars that are biobased carboxyl polyesters and can be used in a variety of powder coating systems, including epoxy-polyester hybrids, polyester-HAA (hydroxyl-alkyl amide), and TGIC-cured formulas.

Global Low Temperature Powder Coatings Market Segments:
The global low temperature powder coatings market is further segmented –
By Resin: Acrylic, Polyurethane, Polyester & Polyester Hybrids, Epoxy & Epoxy Hybrids, Others
By Substrate Type: Non-Metal, Metal
By End-Use Industry: Furniture, Appliances, Automotive, Architectural, Retail, Electronics, Medical, Others
By Geography: The global low temperature powder coatings market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Low Temperature Powder Coatings Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides low temperature powder coatings market overviews, analyzes and forecasts market size and growth for the global low temperature powder coatings market, low temperature powder coatings market share, low temperature powder coatings market players, low temperature powder coatings market segments and geographies, low temperature powder coatings market’s leading competitors’ revenues, profiles and market shares. The low temperature powder coatings market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.