What is Low Temperature Powder Coatings Market?
Low temperature powder coatings does not contain solvent like volatile organic compounds further, it provides high thermal stability for temperature. Hence it is widely used in number of industries. The result of using low powder coatings for different industrial application offers minimal product waste. This coatings are able to provide prevention against abrasion, chipping, chemicals, corrosion, and weathering. Three-dimensional (3D) technology in coatings providing ease in the coating process hence, it is widely preferred for automobile and consumer goods industry. Advances in bio based low-temperature powder coating technologies provides growth opportunities for the market. For instance, Allnex has developed a line of bio based carboxyl polyesters based on renewable monomers derived from C5 and C6 sugars that can be used in a variety of powder coating systems, including epoxy-polyester hybrids, polyester-HAA (hydroxyl-alkyl amide), and TGIC-cured formulas. The rigorous regulations for the use of no VOC coatings leads to the demand for low temperature powder coatings. and Geographically, Asia pacific region is expected to grow with high growth rate followed by North America and Europe.
The market study is being classified by Type (Hybrids, Polyester, Epoxy and Others (Acrylic & polyurethane)) and major geographies with country level break-up.
AkzoNobel N.V. (Netherlands), Jotun(Norway), The Sherwin-Williams Company (United States), PPG Industries (United States), Axalta Coating Systems (United States), Tiger Coatings GmbH (Austria), Rapid Engineering Co. Pvt. Ltd. (India), The Powder Coating Institute (United States), DSM (Netherlands) and Fortunecoat Industries Pvt. Ltd. (India) are some of the key players profiled in the study.
There are various companies are operating in the market to provides low temperature powder coatings. Increased demand for industrial use is impacting on the demand for low temperature powder coatings in positive manner. Hence to grab the opportunity associated with the market, many new market players are entering to the market. The market leaders are investing on organic and non-organic strategic growth initiatives to become dominant in this industry.
Analyst at AMA have segmented the market study of Global Low Temperature Powder Coatings market by Type, Application and Region.
On the basis of geography, the market of Low Temperature Powder Coatings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing end use industries such as automobile and furniture industry
- Physical properties such as good adhesive ability and good wear resistance offers greater coatings hence it is widely used in number of Industries
- Augmented furniture industry expenditure
- Availability of other coatings as substitutes may restraining the market
- High Lead times for custom coatings and colour changes during process
- High time requirement for curing and drying
- Greater start-up costs
Technological advancements is coating process is providing opportunity to the low Temperature powder coating Because of itís the excellent physical properties
Key Target AudienceVenture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Low Temperature Powder Coatings Manufacturers, Suppliers and Distributors, Government Regulatory, Research Organizations and End-Use Industries
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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