Low Temperature Powder Coatings Market worth $3.9 million by 2025 - Exclusive Report by MarketsandMarkets™

CHICAGO, Nov. 11, 2020 /PRNewswire/ -- According to the new market research report "Low Temperature Powder Coatings Market by Substrate (Non-metal, Metal), Resin (Polyester, Epoxy, Hybrid), End-use Industry (Furniture, Appliances, Automotive, Retail, Medical), & Region - Global Forecast to 2025", published by MarketsandMarkets™, the global Low Temperature Powder Coatings Market size is projected to grow from USD 3.4 million in 2020 to USD 3.9 million by 2025, at a CAGR of 3.2%.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=171394651

Browse in-depth TOC on "Low Temperature Powder Coatings Market"

185 – Tables        
45 – Figures
204 – Pages         

View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/low-temperature-powder-coating-market-171394651.html

The growth of this market is attributed to the continued growth of the furniture industry, which is the largest consumer of low temperature powder coatings. Metal and non-metal are the two types of substrates for the application of low-temperature powder coatings. Non-metal substrates include wood, plastics, glass, and composites.

The non-metal segment is estimated to account for the largest share of the Low Temperature Powder Coatings Market, by substrate, during the forecast period.

Non-metal substrate dominates the global low temperature powder coatings market. Low temperature powder coating can be used to coat many non-metallic substrates such as wood & MDF, plastics, glass, and composites. Compared to liquid paints, powder coating is known for strong adhesion, excellent durability, and the absence of runs and low VOCs during application. Low temperature powder coatings technology enables the coating of non-conductive and non-metallic substrates by using a low-cost surface treatment that does not emit VOCs or other hazardous by-products.

The hybrid segment is estimated to account for the largest share of the Low Temperature Powder Coatings Market, by resin, during the forecast period.

Hybrid resin dominates the global low temperature powder coatings market. Hybrid resins combine epoxy resin with polyester resin to form a powder with many of the same characteristics as the epoxies. They are used primarily for indoor applications. Epoxy-polyester hybrid exhibits some of the best transfer efficiencies of all thermoset powder coatings. In some cases, they may be as flexible as epoxy types but lose some hardness and chemical resistance because of the polyester component.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=171394651

The furniture end-use segment is estimated to be the largest in the Low Temperature Powder Coatings Market during the forecast period.

The furniture industry accounted for the largest share, in terms of value, of the low temperature powder coatings market in 2019. Low temperature powder coatings have gained significant importance as a surface protectant of choice in the furniture industry. They are used for the surface finishing of steel and aluminum, such as garden furniture, contract furniture, site furnishings, and for MDF furniture. One of the biggest advancements in the furniture industry is the use of engineered wood materials, such as MDF. It is very suitable for low temperature powder coating because of its low porosity and homogeneous surface.

Low Temperature Powder Coatings Market in Europe is expected to account for the largest share during the forecast period.

Europe is the world's largest low temperature powder coatings market, with the US being the dominant market in the region. The increasingly stringent regulations regarding the use of low/no VOC coatings and the switching of coating technologies may impact the demand for low temperature powder coatings. The low temperature powder coatings market in Europe is expected to grow fastest due to the presence of major players and technological advancements in the region. The economic slowdown has affected most of the industries in Europe, but the demand for low temperature powder coatings has not been impacted much and is estimated to increase slowly with a growing realization about yearly cost savings with this technology.

There are a large number of end-users in the low temperature powder coatings market and a limited number of coating manufacturers. The presence of major furniture manufacturers, such as IKEA, that actively use these coatings has supported the growth of the market over the past few years.

Major players operating in the low temperature powder coatings market are PPG Industries, Inc. (US), Sherwin-Williams Company (US), AkzoNobel N.V. (Netherlands), Axalta Coating Systems LLC (US), and Tiger Coatings GmbH (Austria).

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=171394651

Browse Adjacent Markets: Chemical Market Research Reports & Consulting

Related Reports:

1.  Paints and Coatings Market - Global Forecast to 2025

By Resin (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester), Technology (Waterborne, Solventborne, Powder), Application (Architectural [Residential, Non-residential], Industrial), and Region

https://www.marketsandmarkets.com/Market-Reports/paint-coating-market-156661838.html

2.  Powder Coatings Market - Global Forecast to 2025

By Resin Type (Thermoset and Thermoplastic), Coating Method (Electrostatic Spray, Fluidized Bed), End-Use Industry (Appliances, Automotive, General Industrial, Architectural, Furniture), and Region

https://www.marketsandmarkets.com/Market-Reports/powder-coatings-market-151375565.html

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com 
Content Source: https://www.marketsandmarkets.com/PressReleases/low-temperature-powder-coating.asp 
Visit Our Website: https://www.marketsandmarkets.com/ 
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/low-temperature-powder-coating-market.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg