Low Temperature Powder Coatings Market

Low Temperature Powder Coatings Market by Substrate (Metal, Non-metal), Resin (Hybrid, Polyester, Epoxy), and End-Use (Furniture, Appliances, Automotive, Medical, Retail, Electronics), and Region - Global Forecast to 2027

Report Code: CH 6808 Nov, 2022, by marketsandmarkets.com

Updated on : January 06, 2023

The global low temperature powder coatings market was valued at USD 97 million in 2021 and is projected to reach USD 116 million by 2027, growing at a cagr 3.0% from 2022 to 2027. The market is projected to exhibit high growth in the future due to the increasing demand from various applications.

Attractive Opportunities in the Low Temperature Powder Coatings Market

 Low Temperature Powder Coatings Market Size, Share

Note: e-estimated p-projected.

Source: Expert Interviews, Secondary Sources, and MarketsandMarkets Analysis

As low temperature powder coatings technology advances, it is anticipated that it will eventually supplant current coating technologies. As low temperature powder coating is increasingly used in a range of end use industries, including automotive and electronics, the global market for these coatings is expected to grow. Low temperature powder coating is highly sought after in the furniture sector for the surface finishing of products made of steel and aluminium, such as site furnishings, MDF furniture, and garden furniture.

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Low Temperature Powder Coatings Market Dynamics

Driver: Increase in energy savings due to reduction in cure temperature

low temperature powder coatings can meet the same performance standards as conventional high-performance coatings while using significantly less energy Due to the lower cure temperature. The cost of energy is influencing buying decisions, and consumers nowadays are considering a combination of factors, such as sustainability, energy-saving, and total product life cycle costs.

Restraint: High-priced product in price competitive market

In a price-competitive market, it is tough to reach out to clients with a new product whose market price is higher than the existing ones. A similar market scenario occurs for low temperature powder coatings, as these coatings are relatively expensive when compared to liquid coatings, which are currently available and dominate the market.

Opportunity: Increasing demand for composites in automotive and aerospace industries

Given that the weight of an electric vehicle is inversely correlated with its range, there is a greater demand for lightweight materials. UV-cured powder coatings are now a practical finishing method due to the demand for metals, polymers, composites, and carbon fibre. Solvents have been eliminated by this technique, which has benefited the market. As more composites are employed to reduce weight, the aircraft sector has a demand for these materials. Here, low-temperature UV-cured powder coatings are ideal for these substrates.

Challenge: High humidity and complex shape of substrates affect performance of coatings

The key issue for end users of low temperature powder coatings is preserving the effectiveness of these coatings in humid environments. Powder adhesion to substrates is frequently hampered by humid circumstances, which encourage clumping. Similar to this, it can be challenging to provide enough coverage of all the sections due to the different geometries of various substrate. The physical restrictions of the curing oven's dimensions, which make it difficult to efficiently cover large products, could be a problem for both manufacturers and users.

Appliances is projected to account for the second-largest share for end use industry in the low temperature powder coatings market, in 2027, in terms of volume.

Low temperature powder coatings is used in a large number of applications, including appliances such as Cookers, freezers, radiator, heater, washing machine and other similar equipment. Low temperature powder coatings provide appealing look, chemical and abrasion resistance. the appliance industry uses powder coatings on both front and side panels of refrigerators, dryers drum, washer tops and lids, dishwasher racks. Low temperature powder coatings are widely used in the appliance industry, which will fuel their market growth throughout the forecast period.

The polyester segment of the resin is projected to register the second highest CAGR during the forecast period.

The polyester resin has excellent outdoor durability and it has also a balanced chemical and wear resistance. Polyester is easy to cure and has a low viscosity. Polyester is high chemical resistance and are especially resistant to solvents. These resins have a wide range of uses and chemistries, including polyester/TGIC, polyester/TGIC-free, super-durable polyester, and polyester-acrylic Hybrid. The application of polyester resin includes automotive wheels, lawn furniture, air conditioners, and air conditioner cabinets. These applications are the factors to drive the market in the forecast period.

The low temperature powder coatings market in China is expected to account for the largest share of in the low temperature powder coatings market during the forecast period, in terms of value.

In this report, the Asia pacific region is segmented into China, South Korea, Australia & New Zealand, Vietnam, and Rest of Asia Pacific. The continuous rise in the manufacturing of products for consumption and also for exports is driving the demand for low temperature powder coatings in the region. China is an industry hub, with increasing demand for quality products, rising population, and growing end-use industries. The rapid growth of the economy, increasing innovation, and industry consolidations are expected to contribute to the high growth of the low temperature powder coatings market in the region.

Low Temperature Powder Coatings Market by Region

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Low Temperature Powder Coatings Market Players

PPG Industries Inc. (US), Sherwin-Williams Company (US) are some of the players operating in the low temperature powder coatings market.

Low Temperature Powder Coatings Market Report Scope

Report Metric

Details

Market Size Value in 2021

USD 97 Million

Revenue Forecast in 2027

USD 116 Million

CAGR

3.0%

Years considered for the study

2018–2027

Base year

2021

Forecast period

2022–2027

Units considered

Value (USD Million) and Volume (Kiloton)

Segments

Substrate, Resin, End – Use Industry, and Region

Regions

Asia Pacific, Europe, North America, and Rest of the World

Companies

PPG Industries Inc. (US), Sherwin-Williams Company (US)

This research report categorizes the low temperature powder coatings market based on substrate, resin, end – use industry, and region.

Based on substrate type:
  • Metal
  • Non-metal
Based on resin type:
  • Hybrid
  • Polyester
  • Epoxy
  • Others
Based on end – use industry:
  • Furniture
  • Appliances
  • Automotive
  • Medical
  • Retail
  • Electronics
  • Others
Based on region:
  • Asia Pacific
  • North America
  • Europe
  • Rest of the World

Recent Developments

  • In February 2021, PPG announced the expansion of company acquired VersaFlex, which specializes in polyurea, epoxy and polyurethane coatings for water and wastewater infrastructure, flooring, transportation infrastructure, and industrial applications.
  • In October 2021, Sherwin-Williams invested in a 600,000 sq. ft. R&D Center in Brecksville, Ohio. The new facility will support product development, coatings research, color technology and process engineering.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 38)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
    1.3 MARKET INCLUSIONS & EXCLUSIONS, BY RESIN
    1.4 MARKET INCLUSIONS & EXCLUSIONS, BY END-USE INDUSTRY
    1.5 STUDY SCOPE
           1.5.1 MARKET SCOPE
                    FIGURE 1 LOW TEMPERATURE POWDER COATINGS: MARKET SEGMENTATION
           1.5.2 REGIONAL SCOPE
           1.5.3 YEARS CONSIDERED
    1.6 CURRENCY
    1.7 UNITS CONSIDERED
    1.8 LIMITATIONS
    1.9 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 42)
    2.1 RESEARCH DATA
          FIGURE 2 LOW TEMPERATURE POWDER COATINGS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 List of key primary interview participants
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION
           2.2.1 TOP-DOWN APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
                    FIGURE 4 LOW TEMPERATURE POWDER COATINGS MARKET SIZE ESTIMATION: BY VALUE
                    FIGURE 5 MARKET ESTIMATION, BY REGION
                    FIGURE 6 MARKET, BY RESIN
           2.2.2 BOTTOM-UP APPROACH
                    FIGURE 7 MARKET ESTIMATION,  BY END-USE INDUSTRY
    2.3 MARKET FORECAST APPROACH
           2.3.1 SUPPLY-SIDE FORECAST
                    FIGURE 8 MARKET: SUPPLY-SIDE FORECAST
                    FIGURE 9 METHODOLOGY FOR SUPPLY-SIDE SIZING OF LOW TEMPERATURE POWDER COATINGS MARKET
           2.3.2 DEMAND-SIDE FORECAST
                    FIGURE 10 MARKET: DEMAND-SIDE FORECAST
    2.4 FACTOR ANALYSIS
          FIGURE 11 FACTOR ANALYSIS OF MARKET
    2.5 DATA TRIANGULATION
          FIGURE 12 MARKET: DATA TRIANGULATION
    2.6 ASSUMPTIONS
    2.7 STUDY LIMITATIONS
    2.8 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST

3 EXECUTIVE SUMMARY (Page No. - 54)
    TABLE 1 LOW TEMPERATURE POWDER COATINGS MARKET SNAPSHOT, 2021 VS. 2027
    FIGURE 13 NON-METAL SEGMENT TO HOLD LARGER SHARE OF MARKET IN 2021
    FIGURE 14 HYBRID RESIN SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE IN 2022
    FIGURE 15 FURNITURE SEGMENT TO BE FASTEST-GROWING END-USE INDUSTRY
    FIGURE 16 APAC TO ACCOUNT FOR LARGEST MARKET SHARE IN 2021

4 PREMIUM INSIGHTS (Page No. - 58)
    4.1 ATTRACTIVE OPPORTUNITIES IN LOW TEMPERATURE POWDER COATINGS MARKET
          FIGURE 17 HIGH DEMAND FROM FURNITURE INDUSTRY TO DRIVE MARKET
    4.2 MARKET, BY SUBSTRATE
          FIGURE 18 NON-METAL SEGMENT TO DOMINATE OVERALL LOW TEMPERATURE POWDER COATINGS MARKET
    4.3 MARKET, DEVELOPED VS. DEVELOPING COUNTRIES
          FIGURE 19 MARKETS IN DEVELOPED COUNTRIES TO GROW FASTER THAN DEVELOPING COUNTRIES
    4.4 MARKET IN ASIA PACIFIC, BY END-USE INDUSTRY AND COUNTRY
          FIGURE 20 POLAND TO ACCOUNT FOR LARGEST MARKET SHARE IN EUROPE
    4.5 MARKET,  BY KEY COUNTRY
          FIGURE 21 SPAIN TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 61)
    5.1 INTRODUCTION
    5.2 VALUE CHAIN ANALYSIS
          FIGURE 22 LOW TEMPERATURE POWDER COATINGS: VALUE CHAIN ANALYSIS
          TABLE 2 LOW TEMPERATURE POWDER COATINGS MARKET: SUPPLY CHAIN ECOSYSTEM
    5.3 MARKET DYNAMICS
          FIGURE 23 OVERVIEW OF FACTORS GOVERNING MARKET
           5.3.1 DRIVERS
                    5.3.1.1 Increase in energy savings due to reduction in cure temperature
                    5.3.1.2 Increasing adoption for low temperature powder coating across end-use sectors
           5.3.2 RESTRAINTS
                    5.3.2.1 High-priced product in price-competitive market
                    5.3.2.2 Difficulty in maintaining storage stability while enabling low temperature curing
                    5.3.2.3 Requirement of refrigerated storage or transport to extend shelf life
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Low temperature powder coatings suitable for temperature-sensitive components
                    5.3.3.2 Increasing demand for composites in automotive and aerospace industries
                    5.3.3.3 Technological advancements
           5.3.4 CHALLENGES
                    5.3.4.1 High humidity and complex shape of substrates affect performance of coatings
                    5.3.4.2 Mature market of MDF in developed regions to stymie demand for low temperature powder coatings
    5.4 PORTER’S FIVE FORCES ANALYSIS
          FIGURE 24 LOW TEMPERATURE POWDER COATINGS MARKET: PORTER’S FIVE FORCES ANALYSIS
          TABLE 3 MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.4.1 THREAT FROM SUBSTITUTES
           5.4.2 BARGAINING POWER OF BUYERS
           5.4.3 THREAT FROM NEW ENTRANTS
           5.4.4 BARGAINING POWER OF SUPPLIERS
           5.4.5 INTENSITY OF COMPETITIVE RIVALRY
    5.5 KEY STAKEHOLDERS & BUYING CRITERIA
           5.5.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 25 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS
                    TABLE 4 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP INDUSTRIES (%)
           5.5.2 BUYING CRITERIA
                    FIGURE 26 KEY BUYING CRITERIA FOR LOW TEMPERATURE POWDER COATINGS
                    TABLE 5 KEY BUYING CRITERIA FOR LOW TEMPERATURE POWDER COATINGS
    5.6 MACROECONOMIC INDICATORS
           5.6.1 INTRODUCTION
           5.6.2 GDP TRENDS AND FORECASTS
                    TABLE 6 GDP TRENDS AND FORECASTS, PERCENTAGE CHANGE
    5.7 INDUSTRY TRENDS
           5.7.1 TRENDS AND FORECASTS OF GLOBAL AUTOMOTIVE INDUSTRY
                    TABLE 7 TRENDS AND FORECASTS OF GLOBAL AUTOMOTIVE INDUSTRY
    5.8 PAINTS & COATINGS ECOSYSTEM AND INTERCONNECTED MARKETS
          TABLE 8 POWDER COATINGS MARKET: SUPPLY CHAIN
          FIGURE 27 PAINTS & COATINGS: ECOSYSTEM
    5.9 REVENUE SHIFT AND NEW REVENUE POCKETS FOR LOW TEMPERATURE POWDER COATING MANUFACTURERS
          FIGURE 28 REVENUE SHIFT IN LOW TEMPERATURE POWDER COATINGS MARKET
    5.10 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
           5.10.1 TRENDS AND FORECASTS OF GLOBAL APPLIANCES INDUSTRY
                    FIGURE 29 TRENDS AND FORECASTS OF GLOBAL APPLIANCES INDUSTRY,  2018–2025 (USD TRILLION)
                    FIGURE 30 TRENDS AND FORECASTS OF GLOBAL APPLIANCES DISTRIBUTION CHANNEL
           5.10.2 TRENDS AND FORECASTS OF GLOBAL FURNITURE INDUSTRY
                    FIGURE 31 TRENDS AND FORECASTS OF GLOBAL FURNITURE INDUSTRY,  2018–2025 (USD BILLION)
                    FIGURE 32 TRENDS AND FORECASTS OF GLOBAL FURNITURE INDUSTRY DISTRIBUTION CHANNEL
           5.10.3 TRENDS AND FORECASTS OF GLOBAL CONSTRUCTION INDUSTRY
                    FIGURE 33 GLOBAL SPENDING IN CONSTRUCTION INDUSTRY, 2018–2035 (USD TRILLION)
    5.11 TECHNOLOGY ANALYSIS
    5.12 PRICING ANALYSIS
           FIGURE 34 PRICING ANALYSIS OF LOW TEMPERATURE POWDER COATINGS MARKET,  BY REGION, 2021 (USD/KG)
           5.12.1 AVERAGE SELLING PRICES, BY END-USE INDUSTRY
                     FIGURE 35 AVERAGE SELLING PRICES, BY END-USE INDUSTRY, 2021 (USD/KG)
    5.13 PATENT ANALYSIS
           5.13.1 METHODOLOGY
           5.13.2 PUBLICATION TRENDS
                     FIGURE 36 PUBLICATION TRENDS, 2013–2022
           5.13.3 INSIGHTS
           5.13.4 JURISDICTION ANALYSIS
                     FIGURE 37 JURISDICTION ANALYSIS OF REGISTERED PATENTS, 2013–2022
           5.13.5 TOP APPLICANTS
                     FIGURE 38 NUMBER OF PATENTS, BY COMPANY, 2013–2022
    5.14 SUPPLY CHAIN CRISES SINCE PANDEMIC
    5.15 GLOBAL SCENARIOS
           5.15.1 RUSSIA-UKRAINE WAR
           5.15.2 CHINA
                    5.15.2.1 China’s debt problem
                    5.15.2.2 Australia-China trade war
                    5.15.2.3 Environmental commitments

           5.15.3 EUROPE
                    5.15.3.1 Political instability in Germany
                    5.15.3.2 Energy crisis in Europe
                    5.15.3.3 Manpower issues in the UK
    5.16 IMPORT-EXPORT ANALYSIS
          TABLE 9 COUNTRY-WISE IMPORT DATA FOR PAINTS AND VARNISHES, 2021
          TABLE 10 COUNTRY-WISE EXPORT DATA FOR PAINTS AND VARNISHES, 2021
    5.17 GLOBAL REGULATORY FRAMEWORK
           5.17.1 LEGISLATIVE & REGULATORY POLICY UPDATE
                    TABLE 11 INTERNATIONALLY RECOGNIZED TEST METHODS
                    TABLE 12 LIST OF RELEVANT STANDARDS
    5.18 KEY CONFERENCES & EVENTS IN 2022–2023
          TABLE 13 LOW TEMPERATURE POWDER COATINGS MARKET: DETAILED LIST OF CONFERENCES & EVENTS

6 LOW TEMPERATURE POWDER COATINGS MARKET, BY SUBSTRATE (Page No. - 96)
    6.1 INTRODUCTION
          FIGURE 39 NON-METAL SEGMENT TO BE LARGEST SUBSTRATE SEGMENT
          TABLE 14 MARKET, BY SUBSTRATE,  2018–2021 (TON)
          TABLE 15 MARKET, BY SUBSTRATE,  2022–2027 (TON)
          TABLE 16 MARKET, BY SUBSTRATE,  2018–2021 (THOUSAND USD)
          TABLE 17 MARKET, BY SUBSTRATE,  2022–2027 (THOUSAND USD)
    6.2 NON-METAL
           6.2.1 MEDIUM-DENSITY FIBERBOARD TO DRIVE DEMAND FOR LOW TEMPERATURE POWDER COATINGS
                    TABLE 18 NON-METAL SUBSTRATE: MARKET,  BY REGION, 2018–2021 (TON)
                    TABLE 19 NON-METAL SUBSTRATE: MARKET,  BY REGION, 2022–2027 (TON)
                    TABLE 20 NON-METAL SUBSTRATE: MARKET,  BY REGION, 2018–2021 (THOUSAND USD)
                    TABLE 21 NON-METAL SUBSTRATE: MARKET,  BY REGION, 2022–2027 (THOUSAND USD)
           6.2.2 WOOD
                    TABLE 22 WOOD SUBSTRATE: MARKET,  BY REGION, 2018–2021 (TON)
                    TABLE 23 WOOD SUBSTRATE: MARKET,  BY REGION, 2022–2027 (TON)
                    TABLE 24 WOOD SUBSTRATE: MARKET,  BY REGION, 2018–2021 (THOUSAND USD)
                    TABLE 25 WOOD SUBSTRATE: MARKET,  BY REGION, 2022–2027 (THOUSAND USD)
           6.2.3 PLASTICS, COMPOSITES, AND GLASS
                    TABLE 26 PLASTICS, COMPOSITES, AND GLASS SUBSTRATE: LOW TEMPERATURE POWDER COATINGS MARKET, BY REGION, 2018–2021 (TON)
                    TABLE 27 PLASTICS, COMPOSITES, AND GLASS SUBSTRATE: MARKET, BY REGION, 2022–2027 (TON)
                    TABLE 28 PLASTICS, COMPOSITES, AND GLASS SUBSTRATE: MARKET, BY REGION, 2018–2021 (THOUSAND USD)
                    TABLE 29 PLASTICS, COMPOSITES, AND GLASS SUBSTRATE: MARKET, BY REGION, 2022–2027 (THOUSAND USD)
    6.3 METAL
           6.3.1 ASIA PACIFIC REGION TO DRIVE DEMAND FOR LOW TEMPERATURE POWDER COATINGS
                    TABLE 30 METAL SUBSTRATE: LOW TEMPERATURE POWDER COATINGS MARKET,  BY REGION, 2018–2021 (TON)
                    TABLE 31 METAL SUBSTRATE: MARKET,  BY REGION, 2022–2027 (TON)
                    TABLE 32 METAL SUBSTRATE: MARKET,  BY REGION, 2018–2021 (THOUSAND USD)
                    TABLE 33 METAL SUBSTRATE: MARKET,  BY REGION, 2022–2027 (THOUSAND USD)

7 LOW TEMPERATURE POWDER COATINGS MARKET, BY RESIN (Page No. - 106)
    7.1 INTRODUCTION
          FIGURE 40 HYBRID SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING  FORECAST PERIOD
           7.1.1 THERMOSETTING POWDER COATING CHEMISTRY
                    TABLE 34 THERMOSETTING POWDER COATING CHEMISTRY
           7.1.2 UV CURABLE POWDER COATING CHEMISTRY
                    TABLE 35 UV CURABLE POWDER COATING CHEMISTRY
                    TABLE 36 LOW TEMPERATURE POWDER COATINGS MARKET, BY RESIN, 2018–2021 (TON)
                    TABLE 37 MARKET, BY RESIN,  2022–2027 (TON)
                    TABLE 38 MARKET, BY RESIN,  2018–2021 (THOUSAND USD)
                    TABLE 39 MARKET, BY RESIN,  2022–2027 (THOUSAND USD)
    7.2 HYBRID
           7.2.1 FEWER DURABILITY REQUIREMENTS TO DRIVE DEMAND FOR HYBRID DESIGNS FOR INDOOR APPLICATIONS
                    TABLE 40 HYBRID: LOW TEMPERATURE POWDER COATINGS MARKET, BY REGION,  2018–2021 (TON)
                    TABLE 41 HYBRID: MARKET, BY REGION,  2022–2027 (TON)
                    TABLE 42 HYBRID: MARKET, BY REGION,  2018–2021 (THOUSAND USD)
                    TABLE 43 HYBRID: MARKET, BY REGION,  2022–2027 (THOUSAND USD)
    7.3 POLYESTER
           7.3.1 GOOD-TO-EXCELLENT OUTDOOR DURABILITY AND BALANCE OF CHEMICAL AND WEAR RESISTANCE
                    TABLE 44 POLYESTER: LOW TEMPERATURE POWDER COATINGS MARKET, BY REGION,  2018–2021 (TON)
                    TABLE 45 POLYESTER: MARKET, BY REGION,  2022–2027 (TON)
                    TABLE 46 POLYESTER: MARKET, BY REGION,  2018–2021 (THOUSAND USD)
                    TABLE 47 POLYESTER: MARKET, BY REGION,  2022–2027 (THOUSAND USD)
    7.4 EPOXY
           7.4.1 EXCELLENT CHEMICAL RESISTANCE, HARDNESS, AND WEAR RESISTANCE
                    TABLE 48 EPOXY: LOW TEMPERATURE POWDER COATINGS MARKET, BY REGION,  2018–2021 (TON)
                    TABLE 49 EPOXY: MARKET, BY REGION,  2022–2027 (TON)
                    TABLE 50 EPOXY: MARKET, BY REGION,  2018–2021 (THOUSAND USD)
                    TABLE 51 EPOXY: MARKET, BY REGION,  2022–2027 (THOUSAND USD)
    7.5 OTHER RESINS
          TABLE 52 OTHER RESINS: LOW TEMPERATURE POWDER COATINGS MARKET, BY REGION,  2018–2021 (TON)
          TABLE 53 OTHER RESINS: MARKET, BY REGION,  2022–2027 (TON)
          TABLE 54 OTHER RESINS: MARKET, BY REGION,  2018–2021 (THOUSAND USD)
          TABLE 55 OTHER RESINS: MARKET, BY REGION,  2022–2027 (THOUSAND USD)
           7.5.1 ACRYLIC
           7.5.2 POLYURETHANE

8 LOW TEMPERATURE POWDER COATINGS MARKET,  BY END-USE INDUSTRY (Page No. - 117)
    8.1 INTRODUCTION
          FIGURE 41 FURNITURE SEGMENT TO BE LARGEST END USER OF LOW TEMPERATURE POWDER COATINGS
          TABLE 56 LOW TEMPERATURE POWDER COATINGS MARKET, BY END-USE INDUSTRY,  2018–2021 (TON)
          TABLE 57 MARKET, BY END-USE INDUSTRY,  2022–2027 (TON)
          TABLE 58 MARKET, BY END-USE INDUSTRY,  2018–2021 (THOUSAND USD)
          TABLE 59 MARKET, BY END-USE INDUSTRY,  2022–2027 (THOUSAND USD)
    8.2 FURNITURE
           8.2.1 HIGH DEMAND FOR MDF-BASED FURNITURE
                    TABLE 60 FURNITURE: LOW TEMPERATURE POWDER COATINGS MARKET, BY REGION,  2018–2021 (TON)
                    TABLE 61 FURNITURE: MARKET, BY REGION,  2022–2027 (TON)
                    TABLE 62 FURNITURE: MARKET, BY REGION,  2018–2021 (THOUSAND USD)
                    TABLE 63 FURNITURE: MARKET, BY REGION,  2022–2027 (THOUSAND USD)
    8.3 APPLIANCES
           8.3.1 INCREASE IN PER CAPITA INCOME AND CONSUMER SPENDING ON APPLIANCES
                    TABLE 64 APPLIANCES: LOW TEMPERATURE POWDER COATINGS MARKET, BY REGION,  2018–2021 (TON)
                    TABLE 65 APPLIANCES: MARKET, BY REGION,  2022–2027 (TON)
                    TABLE 66 APPLIANCES: MARKET, BY REGION,  2018–2021 (THOUSAND USD)
                    TABLE 67 APPLIANCES: MARKET, BY REGION,  2022–2027 (THOUSAND USD)
    8.4 AUTOMOTIVE
           8.4.1 GREATER DEMAND FOR COMPOSITES IN AUTOMOTIVE INDUSTRY TO OFFER LUCRATIVE OPPORTUNITIES
                    TABLE 68 AUTOMOTIVE: LOW TEMPERATURE POWDER COATINGS MARKET, BY REGION,  2018–2021 (TON)
                    TABLE 69 AUTOMOTIVE: MARKET, BY REGION,  2022–2027 (TON)
                    TABLE 70 AUTOMOTIVE: MARKET, BY REGION,  2018–2021 (THOUSAND USD)
                    TABLE 71 AUTOMOTIVE: MARKET, BY REGION,  2022–2027 (THOUSAND USD)
    8.5 MEDICAL
           8.5.1 NEW APPLICATIONS IN MEDICAL INDUSTRY TO BOOST DEMAND FOR LOW TEMPERATURE POWDER COATINGS
                    TABLE 72 MEDICAL: LOW TEMPERATURE POWDER COATINGS MARKET, BY REGION,  2018–2021 (TON)
                    TABLE 73 MEDICAL: MARKET, BY REGION,  2022–2027 (TON)
                    TABLE 74 MEDICAL: MARKET, BY REGION,  2018–2021 (THOUSAND USD)
                    TABLE 75 MEDICAL: MARKET, BY REGION,  2022–2027 (THOUSAND USD)
    8.6 RETAIL
           8.6.1 HIGHER USE OF POP DISPLAYS AND STORE FIXTURES TO FUEL MARKET IN RETAIL INDUSTRY
                    TABLE 76 RETAIL: MARKET, BY REGION,  2018–2021 (TON)
                    TABLE 77 RETAIL: MARKET, BY REGION,  2022–2027 (TON)
                    TABLE 78 RETAIL: MARKET, BY REGION,  2018–2021 (THOUSAND USD)
                    TABLE 79 RETAIL: LOW TEMPERATURE POWDER COATINGS MARKET, BY REGION,  2022–2027 (THOUSAND USD)
    8.7 ELECTRONICS
           8.7.1 DEMAND FOR HIGHLY EFFICIENT PROTECTIVE COATING TO SPUR MARKET GROWTH
                    TABLE 80 ELECTRONICS: LOW TEMPERATURE POWDER COATINGS MARKET, BY REGION,  2018–2021 (TON)
                    TABLE 81 ELECTRONICS: MARKET, BY REGION,  2022–2027 (TON)
                    TABLE 82 ELECTRONICS: MARKET, BY REGION,  2018–2021 (THOUSAND USD)
                    TABLE 83 ELECTRONICS: MARKET, BY REGION,  2022–2027 (THOUSAND USD)
    8.8 OTHER END-USE INDUSTRIES
          TABLE 84 OTHER END-USE INDUSTRIES: LOW TEMPERATURE POWDER COATINGS MARKET,  BY REGION, 2018–2021 (TON)
          TABLE 85 OTHER END-USE INDUSTRIES: MARKET,  BY REGION, 2022–2027 (TON)
          TABLE 86 OTHER END-USE INDUSTRIES: MARKET,  BY REGION, 2018–2021 (THOUSAND USD)
          TABLE 87 OTHER END-USE INDUSTRIES: MARKET,  BY REGION, 2022–2027 (THOUSAND USD)

9 LOW TEMPERATURE POWDER COATINGS MARKET, BY REGION (Page No. - 132)
    9.1 INTRODUCTION
          FIGURE 42 ASIA PACIFIC COUNTRIES TO EMERGE AS STRATEGIC LOCATIONS FOR LOW TEMPERATURE POWDER COATINGS MARKET
          TABLE 88 MARKET, BY SUBSTRATE,  2018–2021 (TON)
          TABLE 89 MARKET, BY SUBSTRATE,  2022–2027 (TON)
          TABLE 90 MARKET, BY SUBSTRATE,  2018–2021 (THOUSAND USD)
          TABLE 91 MARKET, BY SUBSTRATE,  2022–2027 (THOUSAND USD)
          TABLE 92 MARKET, BY RESIN, 2018–2021 (TON)
          TABLE 93 MARKET, BY RESIN, 2022–2027 (TON)
          TABLE 94 MARKET, BY RESIN,  2018–2021 (THOUSAND USD)
          TABLE 95 MARKET, BY RESIN,  2022–2027 (THOUSAND USD)
          TABLE 96 MARKET, BY END-USE INDUSTRY,  2018–2021 (TON)
          TABLE 97 MARKET, BY END-USE INDUSTRY,  2022–2027 (TON)
          TABLE 98 MARKET, BY END-USE INDUSTRY,  2018–2021 (THOUSAND USD)
          TABLE 99 MARKET, BY END-USE INDUSTRY,  2022–2027 (THOUSAND USD)
          TABLE 100 MARKET, BY REGION, 2018–2021 (TON)
          TABLE 101 MARKET, BY REGION, 2022–2027 (TON)
          TABLE 102 MARKET, BY REGION,  2018–2021 (THOUSAND USD)
          TABLE 103 MARKET, BY REGION,  2022–2027 (THOUSAND USD)
    9.2 EUROPE
          FIGURE 43 EUROPE: LOW TEMPERATURE POWDER COATINGS MARKET SNAPSHOT
          TABLE 104 EUROPE: MARKET, BY SUBSTRATE,  2018–2021 (TON)
          TABLE 105 EUROPE: MARKET, BY SUBSTRATE,  2022–2027 (TON)
          TABLE 106 EUROPE: MARKET, BY SUBSTRATE,  2018–2021 (THOUSAND USD)
          TABLE 107 EUROPE: MARKET, BY SUBSTRATE,  2022–2027 (THOUSAND USD)
          TABLE 108 EUROPE: MARKET, BY RESIN,  2018–2021 (TON)
          TABLE 109 EUROPE: MARKET, BY RESIN,  2022–2027 (TON)
          TABLE 110 EUROPE: MARKET, BY RESIN,  2018–2021 (THOUSAND USD)
          TABLE 111 EUROPE: MARKET, BY RESIN,  2022–2027 (THOUSAND USD)
          TABLE 112 EUROPE: MARKET, BY END-USE INDUSTRY, 2018–2021 (TON)
          TABLE 113 EUROPE: MARKET, BY END-USE INDUSTRY, 2022–2027 (TON)
          TABLE 114 EUROPE: MARKET, BY END-USE INDUSTRY, 2018–2021 (THOUSAND USD)
          TABLE 115 EUROPE: MARKET, BY END-USE INDUSTRY, 2022–2027 (THOUSAND USD)
          TABLE 116 EUROPE: MARKET, BY COUNTRY,  2018–2021 (TON)
          TABLE 117 EUROPE: MARKET, BY COUNTRY,  2022–2027 (TON)
          TABLE 118 EUROPE: MARKET, BY COUNTRY,  2018–2021 (THOUSAND USD)
          TABLE 119 EUROPE: MARKET, BY COUNTRY,  2022–2027 (THOUSAND USD)
           9.2.1 LIST OF MEDIUM-DENSITY FIBERBOARD MANUFACTURERS
           9.2.2 POLAND
                    9.2.2.1 Increase in exports of furniture to fuel market growth
                                TABLE 120 POLAND: LOW TEMPERATURE POWDER COATINGS MARKET, BY SUBSTRATE,  2018–2021 (TON)
                                TABLE 121 POLAND: MARKET, BY SUBSTRATE,  2022–2027 (TON)
                                TABLE 122 POLAND: MARKET, BY SUBSTRATE,  2018–2021 (THOUSAND USD)
                                TABLE 123 POLAND: MARKET, BY SUBSTRATE,  2022–2027 (THOUSAND USD)
           9.2.3 GERMANY
                    9.2.3.1 Developments and investments by manufacturers to boost growth
                                TABLE 124 GERMANY: LOW TEMPERATURE POWDER COATINGS MARKET, BY SUBSTRATE,  2018–2021 (TON)
                                TABLE 125 GERMANY: MARKET, BY SUBSTRATE,  2022–2027 (TON)
                                TABLE 126 GERMANY: MARKET, BY SUBSTRATE,  2018–2021 (THOUSAND USD)
                                TABLE 127 GERMANY: MARKET, BY SUBSTRATE,  2022–2027 (THOUSAND USD)
           9.2.4 SPAIN
                    9.2.4.1 Recovery of economy, rising domestic demand, and exports to drive market
                                TABLE 128 SPAIN: LOW TEMPERATURE POWDER COATINGS MARKET, BY SUBSTRATE,  2018–2021 (TON)
                                TABLE 129 SPAIN: MARKET, BY SUBSTRATE,  2022–2027 (TON)
                                TABLE 130 SPAIN: MARKET, BY SUBSTRATE,  2018–2021 (THOUSAND USD)
                                TABLE 131 SPAIN: MARKET, BY SUBSTRATE,  2022–2027 (THOUSAND USD)
           9.2.5 FRANCE
                    9.2.5.1 Expected growth in construction sector to boost market
                                TABLE 132 FRANCE: LOW TEMPERATURE POWDER COATINGS MARKET, BY SUBSTRATE,  2018–2021 (TON)
                                TABLE 133 FRANCE: MARKET, BY SUBSTRATE,  2022–2027 (TON)
                                TABLE 134 FRANCE: MARKET, BY SUBSTRATE,  2018–2021 (THOUSAND USD)
                                TABLE 135 FRANCE: MARKET, BY SUBSTRATE,  2022–2027 (THOUSAND USD)
           9.2.6 UK
                    9.2.6.1 Economic growth, increase in consumer spending, and changing consumer preference to drive demand
                                TABLE 136 UK: LOW TEMPERATURE POWDER COATINGS MARKET, BY SUBSTRATE,  2018–2021 (TON)
                                TABLE 137 UK: MARKET, BY SUBSTRATE,  2022–2027 (TON)
                                TABLE 138 UK: MARKET, BY SUBSTRATE,  2018–2021 (THOUSAND USD)
                                TABLE 139 UK: MARKET, BY SUBSTRATE,  2022–2027 (THOUSAND USD)
           9.2.7 ROMANIA
                    9.2.7.1 Strong investments to boost market
                                TABLE 140 ROMANIA: LOW TEMPERATURE POWDER COATINGS MARKET, BY SUBSTRATE,  2018–2021 (TON)
                                TABLE 141 ROMANIA: MARKET, BY SUBSTRATE,  2022–2027 (TON)
                                TABLE 142 ROMANIA: MARKET, BY SUBSTRATE,  2018–2021 (THOUSAND USD)
                                TABLE 143 ROMANIA: MARKET, BY SUBSTRATE,  2022–2027 (THOUSAND USD)
           9.2.8 ITALY
                    9.2.8.1 Growth in GDP and domestic demand to drive market
                                TABLE 144 ITALY: LOW TEMPERATURE POWDER COATINGS MARKET, BY SUBSTRATE,  2018–2021 (TON)
                                TABLE 145 ITALY: MARKET, BY SUBSTRATE,  2022–2027 (TON)
                                TABLE 146 ITALY: MARKET, BY SUBSTRATE,  2018–2021 (THOUSAND USD)
                                TABLE 147 ITALY: MARKET, BY SUBSTRATE,  2022–2027 (THOUSAND USD)
           9.2.9 REST OF EUROPE
                    TABLE 148 REST OF EUROPE: LOW TEMPERATURE POWDER COATINGS MARKET, BY SUBSTRATE, 2018–2021 (TON)
                    TABLE 149 REST OF EUROPE: MARKET, BY SUBSTRATE, 2022–2027 (TON)
                    TABLE 150 REST OF EUROPE: MARKET, BY SUBSTRATE, 2018–2021 (THOUSAND USD)
                    TABLE 151 REST OF EUROPE: MARKET, BY SUBSTRATE, 2022–2027 (THOUSAND USD)
    9.3 ASIA PACIFIC
          FIGURE 44 ASIA PACIFIC: LOW TEMPERATURE POWDER COATINGS MARKET SNAPSHOT
          TABLE 152 ASIA PACIFIC: MARKET, BY SUBSTRATE,  2018–2021 (TON)
          TABLE 153 ASIA PACIFIC: MARKET, BY SUBSTRATE,  2022–2027 (TON)
          TABLE 154 ASIA PACIFIC: MARKET, BY SUBSTRATE,  2018–2021 (THOUSAND USD)
          TABLE 155 ASIA PACIFIC: MARKET, BY SUBSTRATE,  2022–2027 (THOUSAND USD)
          TABLE 156 ASIA PACIFIC: MARKET, BY RESIN,  2018–2021 (TON)
          TABLE 157 ASIA PACIFIC: MARKET, BY RESIN,  2022–2027 (TON)
          TABLE 158 ASIA PACIFIC: MARKET, BY RESIN,  2018–2021 (THOUSAND USD)
          TABLE 159 ASIA PACIFIC: MARKET, BY RESIN,  2022–2027 (THOUSAND USD)
          TABLE 160 ASIA PACIFIC: MARKET, BY END-USE INDUSTRY, 2018–2021 (TON)
          TABLE 161 ASIA PACIFIC: MARKET, BY END-USE INDUSTRY, 2022–2027 (TON)
          TABLE 162 ASIA PACIFIC: MARKET, BY END-USE INDUSTRY, 2018–2021 (THOUSAND USD)
          TABLE 163 ASIA PACIFIC: MARKET, BY END-USE INDUSTRY, 2022–2027 (THOUSAND USD)
          TABLE 164 ASIA PACIFIC: MARKET, BY COUNTRY,  2018–2021 (TON)
          TABLE 165 ASIA PACIFIC: MARKET, BY COUNTRY,  2022–2027 (TON)
          TABLE 166 ASIA PACIFIC: MARKET, BY COUNTRY,  2018–2021 (THOUSAND USD)
          TABLE 167 ASIA PACIFIC: MARKET, BY COUNTRY,  2022–2027 (THOUSAND USD)
           9.3.1 CHINA
                    9.3.1.1 High demand from furniture, appliances, and automotive industries to drive market
                                TABLE 168 CHINA: LOW TEMPERATURE POWDER COATINGS MARKET, BY SUBSTRATE,  2018–2021 (TON)
                                TABLE 169 CHINA: MARKET, BY SUBSTRATE,  2022–2027 (TON)
                                TABLE 170 CHINA: MARKET, BY SUBSTRATE,  2018–2021 (THOUSAND USD)
                                TABLE 171 CHINA: MARKET, BY SUBSTRATE,  2022–2027 (THOUSAND USD)
           9.3.2 SOUTH KOREA
                    9.3.2.1 S   TABLE economic growth and global integration to help boost market growth
                                TABLE 172 SOUTH KOREA: LOW TEMPERATURE POWDER COATINGS MARKET, BY SUBSTRATE,  2018–2021 (TON)
                                TABLE 173 SOUTH KOREA: MARKET, BY SUBSTRATE,  2022–2027 (TON)
                                TABLE 174 SOUTH KOREA: MARKET, BY SUBSTRATE,  2018–2021 (THOUSAND USD)
                                TABLE 175 SOUTH KOREA: MARKET, BY SUBSTRATE,  2022–2027 (THOUSAND USD)
           9.3.3 VIETNAM
                    9.3.3.1 High economic growth and high-tech industrialized economy to drive growth
                                TABLE 176 VIETNAM: LOW TEMPERATURE POWDER COATINGS MARKET, BY SUBSTRATE,  2018–2021 (TON)
                                TABLE 177 VIETNAM: MARKET, BY SUBSTRATE,  2022–2027 (TON)
                                TABLE 178 VIETNAM: MARKET, BY SUBSTRATE,  2018–2021 (THOUSAND USD)
                                TABLE 179 VIETNAM: MARKET, BY SUBSTRATE,  2022–2027 (THOUSAND USD)
           9.3.4 AUSTRALIA & NEW ZEALAND
                    9.3.4.1 Improvement in residential construction to propel demand in architectural industry
                                TABLE 180 AUSTRALIA & NEW ZEALAND: LOW TEMPERATURE POWDER COATINGS MARKET,  BY SUBSTRATE, 2018–2021 (TON)
                                TABLE 181 AUSTRALIA & NEW ZEALAND: MARKET,  BY SUBSTRATE, 2022–2027 (TON)
                                TABLE 182 AUSTRALIA & NEW ZEALAND: MARKET,  BY SUBSTRATE, 2018–2021 (THOUSAND USD)
                                TABLE 183 AUSTRALIA & NEW ZEALAND: MARKET,  BY SUBSTRATE, 2022–2027 (THOUSAND USD)
           9.3.5 REST OF ASIA PACIFIC
                    TABLE 184 REST OF ASIA PACIFIC: LOW TEMPERATURE POWDER COATINGS MARKET, BY SUBSTRATE, 2018–2021 (TON)
                    TABLE 185 REST OF ASIA PACIFIC: MARKET, BY SUBSTRATE, 2022–2027 (TON)
                    TABLE 186 REST OF ASIA PACIFIC: MARKET, BY SUBSTRATE, 2018–2021 (THOUSAND USD)
                    TABLE 187 REST OF ASIA PACIFIC: MARKET, BY SUBSTRATE, 2022–2027 (THOUSAND USD)
    9.4 NORTH AMERICA
          FIGURE 45 NORTH AMERICA: LOW TEMPERATURE POWDER COATINGS MARKET SNAPSHOT
          TABLE 188 NORTH AMERICA: MARKET, BY SUBSTRATE, 2018–2021 (TON)
          TABLE 189 NORTH AMERICA: MARKET, BY SUBSTRATE, 2022–2027 (TON)
          TABLE 190 NORTH AMERICA: MARKET, BY SUBSTRATE, 2018–2021 (THOUSAND USD)
          TABLE 191 NORTH AMERICA: MARKET, BY SUBSTRATE, 2022–2027 (THOUSAND USD)
          TABLE 192 NORTH AMERICA: MARKET, BY RESIN,  2018–2021 (TON)
          TABLE 193 NORTH AMERICA: MARKET, BY RESIN,  2022–2027 (TON)
          TABLE 194 NORTH AMERICA: MARKET, BY RESIN,  2018–2021 (THOUSAND USD)
          TABLE 195 NORTH AMERICA: MARKET, BY RESIN,  2022–2027 (THOUSAND USD)
          TABLE 196 NORTH AMERICA: MARKET, BY END-USE INDUSTRY, 2018–2021 (TON)
          TABLE 197 NORTH AMERICA: MARKET, BY END-USE INDUSTRY, 2022–2027 (TON)
          TABLE 198 NORTH AMERICA: MARKET, BY END-USE INDUSTRY, 2018–2021 (THOUSAND USD)
          TABLE 199 NORTH AMERICA: MARKET, BY END-USE INDUSTRY, 2022–2027 (THOUSAND USD)
          TABLE 200 NORTH AMERICA: MARKET, BY COUNTRY,  2018–2021 (TON)
          TABLE 201 NORTH AMERICA: MARKET, BY COUNTRY,  2022–2027 (TON)
          TABLE 202 NORTH AMERICA: MARKET, BY COUNTRY,  2018–2021 (THOUSAND USD)
          TABLE 203 NORTH AMERICA: MARKET, BY COUNTRY,  2022–2027 (THOUSAND USD)
           9.4.1 US
                    9.4.1.1 Mature US market to witness steady growth rate
                                TABLE 204 US: LOW TEMPERATURE POWDER COATINGS MARKET, BY SUBSTRATE,  2018–2021 (TON)
                                TABLE 205 US: MARKET, BY SUBSTRATE,  2022–2027 (TON)
                                TABLE 206 US: MARKET, BY SUBSTRATE,  2018–2021 (THOUSAND USD)
                                TABLE 207 US: MARKET, BY SUBSTRATE,  2022–2027 (THOUSAND USD)
           9.4.2 CANADA
                    9.4.2.1 Proximity to US to support market growth
                                TABLE 208 CANADA: LOW TEMPERATURE POWDER COATINGS MARKET, BY SUBSTRATE,  2018–2021 (TON)
                                TABLE 209 CANADA: MARKET, BY SUBSTRATE,  2022–2027 (TON)
                                TABLE 210 CANADA: MARKET, BY SUBSTRATE,  2018–2021 (THOUSAND USD)
                                TABLE 211 CANADA: MARKET, BY SUBSTRATE,  2022–2027 (THOUSAND USD)
           9.4.3 MEXICO
                    9.4.3.1 Changing monetary and fiscal policies to support market growth
                                TABLE 212 MEXICO: LOW TEMPERATURE POWDER COATINGS MARKET, BY SUBSTRATE,  2018–2021 (TON)
                                TABLE 213 MEXICO: MARKET, BY SUBSTRATE,  2022–2027 (TON)
                                TABLE 214 MEXICO: MARKET, BY SUBSTRATE,  2018–2021 (THOUSAND USD)
                                TABLE 215 MEXICO: MARKET, BY SUBSTRATE,  2022–2027 (THOUSAND USD)
    9.5 REST OF THE WORLD
          FIGURE 46 ROW: LOW TEMPERATURE POWDER COATINGS MARKET SNAPSHOT
          TABLE 216 ROW: MARKET, BY SUBSTRATE,  2018–2021 (TON)
          TABLE 217 ROW: MARKET, BY SUBSTRATE,  2022–2027 (TON)
          TABLE 218 ROW: MARKET, BY SUBSTRATE, 2018–2021 (THOUSAND USD)
          TABLE 219 ROW: MARKET, BY SUBSTRATE, 2022–2027 (THOUSAND USD)
          TABLE 220 ROW: MARKET, BY RESIN,  2018–2021 (TON)
          TABLE 221 ROW: MARKET, BY RESIN,  2022–2027 (TON)
          TABLE 222 ROW: MARKET, BY RESIN,  2018–2021 (THOUSAND USD)
          TABLE 223 ROW: MARKET, BY RESIN,  2022–2027 (THOUSAND USD)
          TABLE 224 ROW: MARKET, BY END-USE INDUSTRY,  2018–2021 (TON)
          TABLE 225 ROW: MARKET, BY END-USE INDUSTRY,  2022–2027 (TON)
          TABLE 226 ROW: MARKET, BY END-USE INDUSTRY,  2018–2021 (THOUSAND USD)
          TABLE 227 ROW: MARKET, BY END-USE INDUSTRY,  2022–2027 (THOUSAND USD)
           9.5.1 SOUTH AMERICA
                    TABLE 228 SOUTH AMERICA: LOW TEMPERATURE POWDER COATINGS MARKET, BY SUBSTRATE, 2018–2021 (TON)
                    TABLE 229 SOUTH AMERICA: MARKET, BY SUBSTRATE, 2022–2027 (TON)
                    TABLE 230 SOUTH AMERICA: MARKET, BY SUBSTRATE, 2018–2021 (THOUSAND USD)
                    TABLE 231 SOUTH AMERICA: MARKET, BY SUBSTRATE, 2022–2027 (THOUSAND USD)
                    9.5.1.1 Brazil
                               9.5.1.1.1 Fast-growing automotive industry to support market growth
                    9.5.1.2 Argentina
                               9.5.1.2.1 Changing lifestyles to support market growth
                    9.5.1.3 Rest of South America
           9.5.2 MIDDLE EAST & AFRICA
                    TABLE 232 MIDDLE EAST & AFRICA: LOW TEMPERATURE POWDER COATINGS MARKET,  BY SUBSTRATE, 2018–2021 (TON)
                    TABLE 233 MIDDLE EAST & AFRICA: MARKET,  BY SUBSTRATE, 2022–2027 (TON)
                    TABLE 234 MIDDLE EAST & AFRICA: MARKET,  BY SUBSTRATE, 2018–2021 (THOUSAND USD)
                    TABLE 235 MIDDLE EAST & AFRICA: MARKET,  BY SUBSTRATE, 2022–2027 (THOUSAND USD)

10 COMPETITIVE LANDSCAPE (Page No. - 197)
     10.1 OVERVIEW
             TABLE 236 STRATEGIES ADOPTED BY KEY MANUFACTURERS OF LOW TEMPERATURE POWDER COATINGS
     10.2 MARKET SHARE ANALYSIS
             FIGURE 47 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2021
     10.3 MARKET RANKING ANALYSIS
             FIGURE 48 RANKING OF KEY PLAYERS
     10.4 COMPANY REVENUE ANALYSIS
             FIGURE 49 REVENUE ANALYSIS FOR KEY COMPANIES DURING PAST FIVE YEARS
     10.5 COMPETITIVE LEADERSHIP MAPPING, 2021
             10.5.1 STARS
             10.5.2 EMERGING LEADERS
             10.5.3 PERVASIVE PLAYERS
             10.5.4 EMERGING COMPANIES
                       FIGURE 50 LOW TEMPERATURE POWDER COATINGS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2021
     10.6 SME MATRIX, 2021
             10.6.1 PROGRESSIVE COMPANIES
             10.6.2 DYNAMIC COMPANIES
             10.6.3 STARTING BLOCKS
             10.6.4 RESPONSIVE COMPANIES
                       FIGURE 51 LOW TEMPERATURE POWDER COATINGS MARKET: EMERGING COMPANIES' COMPETITIVE LEADERSHIP MAPPING, 2021
     10.7 STRENGTH OF PRODUCT PORTFOLIO
             FIGURE 52 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN LOW TEMPERATURE POWDER COATINGS MARKET
     10.8 BUSINESS STRATEGY EXCELLENCE
             FIGURE 53 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN LOW TEMPERATURE POWDER COATINGS MARKET
     10.9 COMPETITIVE BENCHMARKING
             TABLE 237 MARKET: DETAILED LIST OF KEY PLAYERS
     10.10 COMPETITIVE SCENARIO
             10.10.1 MARKET EVALUATION FRAMEWORK
                        TABLE 238 STRATEGIES ADOPTED
                        TABLE 239 NUMBER OF GROWTH STRATEGIES ADOPTED BY KEY COMPANIES
             10.10.2 MARKET EVALUATION MATRIX
                        TABLE 240 COMPANY INDUSTRY FOOTPRINT
                        TABLE 241 COMPANY REGION FOOTPRINT
     10.11 STRATEGIC DEVELOPMENTS
             10.11.1 DEALS
                        TABLE 242 DEALS, 2018–2022
             10.11.2 OTHER DEVELOPMENTS
                        TABLE 243 OTHERS, 2019–2022

11 COMPANY PROFILES (Page No. - 214)
(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*
     11.1 KEY COMPANIES
             11.1.1 PPG INDUSTRIES
                        TABLE 244 PPG INDUSTRIES: BUSINESS OVERVIEW
                        FIGURE 54 PPG INDUSTRIES: COMPANY SNAPSHOT
             11.1.2 SHERWIN-WILLIAMS COMPANY
                        TABLE 245 SHERWIN WILLIAMS COMPANY: BUSINESS OVERVIEW
                        FIGURE 55 SHERWIN-WILLIAMS COMPANY: COMPANY SNAPSHOT
             11.1.3 AKZONOBEL N.V.
                        TABLE 246 AKZONOBEL N.V.: BUSINESS OVERVIEW
                        FIGURE 56 AKZONOBEL N.V.: COMPANY SNAPSHOT
             11.1.4 AXALTA COATING SYSTEMS LLC
                        TABLE 247 AXALTA COATING SYSTEMS LLC: BUSINESS OVERVIEW
                        FIGURE 57 AXALTA COATING SYSTEMS LLC: COMPANY SNAPSHOT
             11.1.5 JOTUN A/S
                        TABLE 248 JOTUN A/S: BUSINESS OVERVIEW
                        FIGURE 58 JOTUN A/S: COMPANY SNAPSHOT
             11.1.6 TEKNOS GROUP
                        TABLE 249 TEKNOS GROUP: BUSINESS OVERVIEW
                        FIGURE 59 TEKNOS GROUP: COMPANY SNAPSHOT
             11.1.7 CIN INDUSTRIAL COATINGS
                        TABLE 250 CIN INDUSTRIAL COATINGS: BUSINESS OVERVIEW
             11.1.8 ALLNEX
                        TABLE 251 ALLNEX: BUSINESS OVERVIEW
                        FIGURE 60 ALLNEX: COMPANY SNAPSHOT
     11.2 OTHER KEY PLAYERS
             11.2.1 TIGER COATINGS GMBH & CO. KG
                        TABLE 252 TIGER COATINGS GMBH & CO. KG
             11.2.2 ARSONSISI TECHNOLOGICAL COATINGS
                        TABLE 253 ARSONSISI TECHNOLOGICAL COATINGS
             11.2.3 PLATINUM PHASE SDN BHD
                        TABLE 254 PLATINUM PHASE SDN BHD
             11.2.4 TULIP PAINTS
                        TABLE 255 TULIP PAINTS
             11.2.5 PROTECH-OXYPLAST GROUP
                        TABLE 256 PROTECH-OXYPLAST GROUP
             11.2.6 KEYLAND POLYMER MATERIALS SCIENCES
                        TABLE 257 KEYLAND POLYMER MATERIALS SCIENCES
             11.2.7 IGP PULVERTECHNIK AG
                        TABLE 258 IGP PULVERTECHNIK AG
             11.2.8 ANHUI MEIJIA NEW MATERIAL CO., LTD
                        TABLE 259 ANHUI MEIJIA NEW MATERIAL CO., LTD
             11.2.9 EMIL FREI GMBH & CO. KG
                        TABLE 260 EMIL FREI GMBH & CO. KG
             11.2.10 IFS COATINGS
                        TABLE 261 IFS COATINGS
             11.2.11 PRIMATEK COATINGS OÜ
                        TABLE 262 PRIMATEK COATINGS OÜ
             11.2.12 RAPID ENGINEERING CO. PVT. LTD.
                        TABLE 263 RAPID ENGINEERING CO. PVT. LTD.
             11.2.13 MODERN SAK FACTORY FOR POWDER PAINT
                        TABLE 264 MODERN SAK FACTORY FOR POWDER PAINTS
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

12 ADJACENT/RELATED MARKETS (Page No. - 257)
     12.1 INTRODUCTION
     12.2 LIMITATIONS
     12.3 PAINTS & COATINGS ECOSYSTEM
     12.4 POWDER COATING MARKET
             12.4.1 MARKET DEFINITION
             12.4.2 MARKET OVERVIEW
             12.4.3 POWDER COATING MARKET, BY RESIN TYPE
                        TABLE 265 POWDER COATINGS MARKET, BY RESIN TYPE, 2016–2019 (KILOTON)
                        TABLE 266 POWDER COATINGS MARKET, BY RESIN TYPE, 2020–2025 (KILOTON)
                        TABLE 267 POWDER COATINGS MARKET, BY RESIN TYPE, 2016–2019 (USD MILLION)
                        TABLE 268 POWDER COATINGS MARKET, BY RESIN TYPE, 2020–2025 (USD MILLION)
             12.4.4 POWDER COATING MARKET, BY END-USE INDUSTRY
                        TABLE 269 POWDER COATINGS MARKET, BY END-USE INDUSTRY, 2016–2019 (KILOTON)
                        TABLE 270 POWDER COATINGS MARKET, BY END-USE INDUSTRY, 2020–2025(KILOTON)
                        TABLE 271 POWDER COATINGS MARKET, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                        TABLE 272 POWDER COATINGS MARKET, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
             12.4.5 POWDER COATING MARKET, BY REGION
                        TABLE 273 POWDER COATINGS MARKET, BY REGION, 2016–2019 (KILOTON)
                        TABLE 274 POWDER COATINGS MARKET, BY REGION, 2020–2025 (KILOTON)
                        TABLE 275 POWDER COATINGS MARKET, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 276 POWDER COATINGS MARKET, BY REGION, 2020–2025 (USD MILLION)

13 APPENDIX (Page No. - 264)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.3 CUSTOMIZATION OPTIONS
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS

The study involved four major activities in estimating the current market size of low temperature powder coatings. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methods were used to estimate the size of the segments and subsegments of the overall market.

Secondary Research

Secondary sources include annual reports of companies, press releases, investor presentations, white papers, articles by recognized authors, and databases, such as D&B, Bloomberg, Chemical Weekly, and Factiva; and publications and databases from associations, including the National Institute for Occupational Safety and Health (NIOSH), United States Environmental Protection Agency (USEPA), Society for Protective Coatings (SSPC), and European Inventory of Existing Commercial Chemical Substances (EINECS).

Primary Research

In the primary research process, experts from the supply and demand sides have been interviewed to obtain qualitative and quantitative information and validate the data for this report. Primary sources from the supply side include industry experts, such as chief executive officers (CEOs), vice presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the low temperature powder coatings market. Extensive primary research has been conducted to gather information and validate the market numbers arrived at. Primary research has also been conducted to identify market segmentation and industry trends.

Following is the breakdown of primary respondents:

Low Temperature Powder Coatings Market Size, and Share

Notes: Companies are classified based on their revenue–Tier 1 = >USD 7 billion, Tier 2 = USD 500 million to USD 7 billion, and Tier 3 =

Others include sales, marketing, and product managers.

To know about the assumptions considered for the study, download the pdf brochure

Top-Down Approach

The top-down approach used to estimate the market size included the following steps:

  • The market size was assessed from the supply side. First, from the secondary sources, the overall low temperature powder coatings market size was noted, and then, consumption across various end-use industries was ascertained. This helped quantify the overall low temperature powder coatings market in the global powder coatings market. The penetration of the market in different regions was determined through secondary research and interactions with industry experts.
  • Ascertaining the share of various low temperature powder coating technologies in the overall low temperature powder coatings market led to quantifying the market size in terms of volume (kiloton).

Market Size Estimation: Top-Down Approach

Low Temperature Powder Coatings Market Size, and Share

Source: Annual Reports, Investor Presentations, Primary Interviews, Paints & Coatings Industry, Powder Coatings Institute, British Coatings Federation, Environmental Protection Agency, National Paint & Coatings Association (NPCA), American Coatings Association (ACA), Canadian Paint & Coatings Association (CPCA), World Paint & Coatings Industry Association (WPCIA), China National Coatings Industry Association (CNCIA), and MarketsandMarkets Analysis

To know about the assumptions considered for the study, Request for Free Sample Report

Market Size Estimation: Low Temperature Powder Coatings Market

Low Temperature Powder Coatings Market

Source: Annual Reports, Investor Presentations, Primary Interviews, Paints & Coatings Industry, Powder Coatings Institute, British Coatings Federation, Environmental Protection Agency, National Paint & Coatings Association (NPCA), American Coatings Association (ACA), Canadian Paint & Coatings Association (CPCA), World Paint & Coatings Industry Association (WPCIA), China National Coatings Industry Association (CNCIA), and MarketsandMarkets Analysis

Low Temperature Powder Coatings Market By Region

Low Temperature Powder Coatings Market

Source: Annual Reports, Investor Presentations, Primary Interviews, Paints & Coatings Industry, Powder Coatings Institute, British Coatings Federation, Environmental Protection Agency, National Paint & Coatings Association (NPCA), American Coatings Association (ACA), Canadian Paint & Coatings Association (CPCA), World Paint & Coatings Industry Association (WPCIA), China National Coatings Industry Association (CNCIA), and MarketsandMarkets Analysis

Low Temperature Powder Coatings Market By Resin

Low Temperature Powder Coatings Market

Source: Annual Reports, Investor Presentations, Primary Interviews, Paints & Coatings Industry, Powder Coatings Institute, British Coatings Federation, Environmental Protection Agency, National Paint & Coatings Association (NPCA), American Coatings Association (ACA), Canadian Paint & Coatings Association (CPCA), World Paint & Coatings Industry Association (WPCIA), China National Coatings Industry Association (CNCIA), and MarketsandMarkets Analysis

Bottom-Up Approach

The bottom-up approach has been used to arrive at the overall size of the low temperature powder coatings market from the revenues of the key market players in 2021. With the data triangulation procedure and validation of data through primary interviews, the exact values of the overall parent market size and individual market sizes have been determined and confirmed in this study. The bottom-up approach has been implemented to validate the sizes of the market segments in terms of value.

Market Size Estimation: Bottom-Up Approach By End–Use Industry

Low Temperature Powder Coatings Market

Source: Annual Reports, Investor Presentations, Primary Interviews, Paints & Coatings Industry, Powder Coatings Institute, British Coatings Federation, Environmental Protection Agency, National Paint & Coatings Association (NPCA), American Coatings Association (ACA), Canadian Paint & Coatings Association (CPCA), World Paint & Coatings Industry Association (WPCIA), China National Coatings Industry Association (CNCIA), and MarketsandMarkets Analysis

Market Forecast Approach

Demand-Side Forecast Projection

Low Temperature Powder Coatings Market

Source: MarketsandMarkets Analysis

Factor Analysis

Low Temperature Powder Coatings Market

Source: MarketsandMarkets Analysis

Data Triangulation

After arriving at the overall market size, the market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from the demand and supply sides. In addition, the market has been validated using both the top-down and bottom-up approaches.

Low Temperature Powder Coatings Market: Data Triangulation

Low Temperature Powder Coatings Market

Report Objectives

  • To define, describe, and forecast the global low temperature powder coatings market in terms of value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the market growth
  • To analyze and forecast the market by substrate, resin, end-use industry, and region.
  • To forecast the market size with respect to five main regions: Asia Pacific (APAC), Europe, North America, and Rest of the World.
  • To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
  • To analyze competitive developments in the market, such as investments & expansions, and mergers & acquisitions
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies

Available Customizations

MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • A further breakdown of the low temperature powder coatings market, by country

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
Report Code
CH 6808
Published ON
Nov, 2022
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