Exactitude Consultancy Press Release 2023: Low Temperature Powder Coatings Market

Rising adoption of low temperature powder coating in end use industries is the primary factor driving the global low temperature powder coatings market growth.

One factor anticipated to propel the growth of the global Low Temperature Powder coating market is the rising adoption of low temperature powder coating across numerous end-use sectors, including automotive and electronics. An increasing number of products, including site furnishings, MDF furniture, and garden furniture, use low temperature powder coating to finish the surfaces of aluminium and steel. This is one of the additional factors that are anticipated to fuel market expansion.

Difficulty in maintaining the storage stability is the major restraining factor for the low temperature powder coatings market.

The market for low-Temperature Powder Coatings has always faced significant difficulties in maintaining the storage stability of these coatings. Heat and moisture are the powder’s two main foes when it comes to storage. The powder should be kept in a low humidity environment and kept out of hot spots or direct sunlight, which can cause the powder to harden and become unstable over time. The market for low-temperature powder coatings is negatively impacted by the challenge of preserving storage stability of these materials.

Explore 188 market data Tables spread through nearly 125 Pages and in-depth analysis on “Low Temperature Powder Coatings Market By Substrate Type (Metal, Non-Metal), Resin Type (Hybrid, Polyester, Epoxy, Others), End Use Industry (Furniture, Appliances, Automotive, Medical, Retail, Electronics, Others) And Region, Global Trends And Forecast From 2022 To 2029” With Table of Contents

The low temperature powder coatings market offers several opportunities for growth.

The low temperature Powder Coatings Market offers a variety of opportunities. First, there is a chance for energy savings and shortened curing times which will lead to cost effectiveness. Second, the range of applications is increased by the ability to use these coatings on heat-sensitive substrates. Thirdly, low temperature powder coatings provide a sustainable option, lowering carbon emissions, as environmental regulations tighten. Finally, there will be opportunities for growth as the market demand for these coatings rises.

Covid 19 had negative impact on the low temperature powder coatings market.

The market has suffered as a result of covid-19. The imposition of lockdown and social restrictions will have a negative effect on the demand for cosmetics and some food additives due to the lower consumer demand for lifestyle and well-being products. Along with public construction, many other industries have been devastated by the covid-19 pandemic. The imposition of a lockdown and social isolation will probably put an end to activity, and work will stop as a result of the supply chain disruption, the cancellation of contracts to reduce costs, and the lack of subcontractors and supplies. However, the government’s initiatives to kick-start economic activity in the consumer goods market and the relaxation of restrictions give reason for optimism about the market’s impending recovery.

Polyester resin segment is anticipated to hold the largest market share in the low temperature powder coatings market based on resin type.

The polyester resin market segment held a sizeable portion of the global market in 2021 and is anticipated to expand at a healthy growth rate during the anticipated time frame. The segment market’s expansion can be attributed to its many advantageous qualities, including better surface protection, quick relying, abrasion resistance, and chemical resistance. The segment market is expanding as a result of an enormous increase in demand for goods like door handles, radiator grills, wheel aims, bicycles, and metallic structural components.

Asia-Pacific is dominating the global market for low temperature powder coatings.

In 2021, the Asia Pacific region held a revenue share of over 37% of the global market for low-temperature powder coatings. Due to rising product demand from numerous end-use industries, including furniture, appliances, automotive, and architecture among others, the region is predicted to experience significant growth. Due to its rapidly growing industrial sector, rapid urbanization, and increased construction activities nationwide, China has become the world’s largest consumer of these goods.

Low Temperature Powder Coatings Market Players

The Low Temperature Powder Coatings Market key players include PPG Industries, AkzoNobel NV, Axalta Coating Systems, Jotun A/S, Teknos Group, Tulip Paints, Protech Powder Coatings, Platinum Phase SDN, BASF SE, Dupont, and others.

Key Market Segments: Low Temperature Powder Coatings Market

By Substrate Type, 2020-2029, (USD Million, Kilotons)

• Metal
• Non-Metal

By Resin Type , 2020-2029, (USD Million, Kilotons)

• Hybrid
• Polyester
• Epoxy
• Others

By End Use Industry, 2020-2029, (USD Million, Kilotons)

• Furniture
• Appliances
• Automotive
• Medical
• Retail
• Electronics
• Others

By Region, 2020-2029, (USD Million, Kilotons)

• North America
• Asia Pacific
• Europe
• South America
• Middle East And Africa

Important Countries In All Regions Are Covered.

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