Low Temperature Powder Coatings Market by Substrate, Resin, End-use Industry and Region - Forecast to 2023

1. Low Temperature Powder Coatings Market worth $5.2 billion by 2023 ---------------------- The report "Low Temperature Powder Coatings Market by Substrate (Non-metal, Metal), Resin (Polyester & Hybrids, Epoxy & Hybrids, PU, Acrylic), End-use Industry (Furniture, Appliances, Automotive, Architectural, Electronics, Medical), and Region - Forecast to 2023" The low temperature powder coatings market is expected to grow from USD 3.9 billion in 2018 to USD 5.2 billion by 2023, at a CAGR of 6.0% during the forecast period. The major factors driving the low temperature powder coatings market include the increase in energy savings due to reduction in cure temperatures, growing end-use industries, and technological advancements. Browse 134 market data Tables and 39 Figures spread through 152 Pages and in-depth TOC on "Low Temperature Powder Coatings Market by Substrate (Non-metal, Metal), Resin (Polyester & Hybrids, Epoxy & Hybrids, PU, Acrylic), End-use Industry (Furniture, Appliances, Automotive, Architectural, Electronics, Medical), and Region - Forecast to 2023" View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/low-temperature-powder-coating- market-171394651.html The non-metal segment is projected to register the higher CAGR in the low temperature powder coatings market during the forecast period. Low temperature powder coatings technology provides practical benefits in the coating of many non-metallic substrates such as wood & MDF, plastics, glass, and composites. The growth of this segment is attributed to the rapidly expanding functional range of powders beyond traditional metal product finishing, into non-metallic substrates such as wood and MDF, plastics, glass, and composites. Low temperature powder coatings technology enables powder 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.

2. The polyester & polyester hybrids segment is estimated to be the largest resin chemistry during the forecast period. Resins used in low temperature powder coatings can be ground into fine particles, which is necessary for spray application and to impart even film finish. Polyester & polyester hybrids resins are preferred over other resin types because of their outstanding physical properties that enable them to withstand prolonged outdoor exposure. Polyester powder coatings exhibit good flow properties, wear resistance, and overbake stability. Super-durable polyester formulations retain color and gloss in harsh exterior applications. Polyester powder coatings are especially useful in architectural, container, shopping cart, lawn and garden, and agricultural & construction equipment applications. These factors contribute to the demand for polyester & polyester hybrids. APAC is expected to hold the largest share of the low temperature powder coatings market during the forecast period. APAC has emerged as the leading consumer and producer of low temperature powder coatings. The easy availability of low-cost labor and economical & accessible raw materials are driving foreign investments, which is increasing the production of low temperature powder coatings in the region. APAC is also the fastest-growing low temperature powder coatings market. Major vendors in the low temperature powder coatings market include Akzo Nobel N.V. (Netherlands), Axalta Coating Systems, LLC (US), Jotun A/S (Norway), PPG Industries, Inc. (US), The Sherwin-Williams Company (US), Teknos Group (Finland), Forrest Technical Coatings (US), Platinum Phase Sdn Bhd (Malaysia), Tulip Paints (India), Protech Powder Coatings Inc. (Canada), and CIN Industrial Coatings (Portugal). Don’t miss out on business opportunities in Low Temperature Powder Coatings Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

3. About MarketsandMarkets MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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. M&M’s flagship competitive intelligence and market research platform, "RT" 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. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: Mr. Shelly Singh Markets and Markets UNIT no 802, Tower no. 7, SEZ Magarpatta city, Hadapsar Pune, Maharashtra 411013, India 1-888-600-6441 Email: sales@marketsandmarkets.com