Low Temperature Powder Coatings Market

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

Report Code: CH 6808 Dec, 2018, by marketsandmarkets.com

[152 Pages Report] The market for low temperature powder coatings is estimated 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. Increase in energy savings due to reduction in cure temperatures, growing end-use industries, and technological advancements are the major factor driving the low temperature powder coatings market. Low temperature coatings have been specifically formulated to develop a fully cured coating at lower oven temperatures or with shorter dwell times at conventional oven temperatures. Powder-based low temperature coatings have near zero volatile organic compounds (VOC) emission and produce much thicker coatings than conventional liquid coatings without running or sagging. They also exhibit superior properties over conventional paints, including high resistance to corrosion, high-quality finish, chipping and abrasion resistance, durability, cost-effectiveness, and reduced processing time.

Low Temperature Powder Coatings Market

The non-metal segment is expected to account for the larger share of the low temperature powder coatings market.

The non-metal segment is the faster-growing segment in the overall low temperature powder coatings market. The need for sustainable and innovative products has driven many powder coating manufacturers to develop coatings for substrates which have never been powder coated. New product applications for low temperature powder coatings are being developed. These finishing materials are being used on heat sensitive substrates such as wood and medium density fiberboard (MDF), plastics, composites, glass, and preassembled parts.

The polyester & polyester hybrids segment is expected to account for the largest resin chemistry in the low temperature powder coatings market during the forecast period.

Polyester & polyester hybrids based low temperature powder coatings dominated the overall market. These 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. These resins offer a broad application field and different chemistries, such as polyester/TGIC; polyester/TGIC-free; super-durable polyester; and polyester hybrids.

The low temperature powder coatings market is projected to witness the highest growth in the furniture end-use industry.

Low temperature powder coating offers environmental and performance benefits over other coating and laminating systems. Finishing of wood requires careful planning to ensure that the finished piece looks attractive, performs well in service, and meets safety & environmental requirements. Low temperature powder coatings have gained significant importance as surface protection of choice in the furniture industry. They are also used for the surface finishing of steel and aluminum, such as garden furniture, site furnishings, and for MDF furniture.

Low Temperature Powder Coatings Market

APAC is expected to account for the largest market share 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, thereby, increasing the production of low temperature powder coatings in the region. APAC is also the fastest-growing low temperature powder coatings market. The demand in APAC will further increase in the next five years because of growing furniture, appliances, and automotive industries in the developing countries.

Key Market Players

The major vendors in the low temperature powder coatings market are 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).

Akzo Nobel is one of the largest powder coating companies. This company has a strong global presence in APAC, Europe, North America, South Africa, and the Middle East & Africa. It has a diversified product portfolio to cater to end-use industries according to their requirements. To sustain their dominating position, the company may enter into new industries and target new markets.

Axalta has a strong position in North America and Europe. The company is expected to account for a significant share of the market in the near future. In order to overcome the effects of the volatile economy, the company may enter into new industries and target new markets to have a diversified business portfolio and an increase its revenue.

Recent Developments

  • In February 2018, Akzo Nobel expanded its powder coatings plant facility in Mumbai, India. It is the company’s sixth production site in India. This new facility strengthened the manufacturing footprint in the country.
  • In April 2018, Axalta expanded its coatings plant in Gujarat, India, doubling its coating manufacturing capacity. This site produces coatings for refinish, automotive parts, and commercial vehicles. The expansion increased the production capacity of both high and low temperature cured coatings to meet the growing demand of Indian automotive and industrial OEMs.
  • In February 2017, PPG launched ENVIROCRON high transfer efficiency (HTE) powder coatings for geometrically complex surfaces. The company increased its product portfolio through this launch.

Key Questions addressed by the report

  • What are the mid- to long-term impacts of the developments undertaken by the key players of the market?
  • Which substrates will be low temperature powder coated in the next five years?
  • What will be the new resin formulations in the low temperature powder coatings?
  • What are the upcoming end-use industries for low temperature powder coatings?
  • What will be the future of the low temperature powder coatings?
  • How will the manufacturers expand and extend their low temperature powder coatings product portfolio to cater to the end-use industries?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 21)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Unit Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 24)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 32)

4 Premium Insights (Page No. - 37)
    4.1 Attractive Opportunities in the Low Temperature Powder Coatings Market
    4.2 Low Temperature Powder Coatings Market, By Substrate
    4.3 Low Temperature Powder Coatings Market, By Resin Chemistry
    4.4 Low Temperature Powder Coatings Market, By End-Use Industry and Key Countries
    4.5 Low Temperature Powder Coatings Market, Developed vs Developing Countries
    4.6 APAC Low Temperature Powder Coatings Market
    4.7 Low Temperature Powder Coatings Market Attractiveness

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increase in Energy Savings Due to the Reduction in Cure Temperature
                    5.2.1.2 Growing End-Use Industries Driving the Low Temperature Powder Coatings Market
                    5.2.1.3 Technological Advancements
           5.2.2 Restraints
                    5.2.2.1 Not an Attractive Product in Price-Competitive Markets
           5.2.3 Opportunities
                    5.2.3.1 Low Temperature Coatings Suitable for Temperature-Sensitive Components
                    5.2.3.2 Increasing Demand From the Automotive Industry in APAC
           5.2.4 Challenges
                    5.2.4.1 High Humidity and Complex Shape of Substrates Might Affect the Performance of Low Temperature Powder Coatings
                    5.2.4.2 Environmental Regulations
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of Substitutes
           5.3.2 Bargaining Power of Buyers
           5.3.3 Threat of New Entrants
           5.3.4 Bargaining Power of Suppliers
           5.3.5 Intensity of Competitive Rivalry

6 Low Temperature Powder Coatings Market, By Substrate Type (Page No. - 49)
    6.1 Introduction
    6.2 Non-Metal
           6.2.1 Wood and Medium-Density Fibreboard (MDF)
                    6.2.1.1 High Demand for Wood and MDF Substrates in the Furniture Industry is Expected to Drive the Market
           6.2.2 Plastics, Composites, & Glass
                    6.2.2.1 Increasing Demand for Low Temperature Powder Coated Plastics, Composite, and Glass is Expected to Boost Market Growth
    6.3 Metal
           6.3.1 APAC to Drive the Demand for Low Temperature Powder Coatings for Metal Substrates

7 Low Temperature Powder Coatings Market, By Resin Chemistry (Page No. - 55)
    7.1 Introduction
    7.2 Polyester & Polyester Hybrids
           7.2.1 Outstanding Physical Properties are Expected to Drive the Demand for Polyester & Polyester Hybrids
    7.3 Epoxy & Epoxy-Polyester Hybrids
           7.3.1 Increasing Use in Temperature-Sensitive Applications is Expected to Boost the Demand for Epoxy & Epoxy-Polyester Hybrids
    7.4 Polyurethane
           7.4.1 Environmentally Friendly and Non-Hazardous Properties are Expected to Drive the Demand for Polyurethane-Based Low Temperature Powder Coatings
    7.5 Acrylic
           7.5.1 Weathering and Oxidation-Resistant Properties to Drive the Demand for Acrylic-Based Low Temperature Powder Coatings
    7.6 Others

8 Low Temperature Powder Coatings Market, By End-Use Industry (Page No. - 64)
    8.1 Introduction
    8.2 Furniture
           8.2.1 Increased Use of Low Temperature Powder Coatings on MDF is Expected in the Furniture Industry
    8.3 Appliances
           8.3.1 Increasing Per Capita Income and Consumer Spending are Expected to Drive the Low Temperature Powder Coatings Market in the Appliances Industry
    8.4 Automotive
           8.4.1 Development of Transportation Infrastructure is Expected to Drive the Demand for Low Temperature Powder Coatings in Automotive Industry
    8.5 Architectural
           8.5.1 Chemical Resistance and Excellent Durability are Expected to Boost the Demand for Low Temperature Powder Coatings in the Architectural Industry
    8.6 Retail
           8.6.1 Increasing Use of Pop Displays and Store Fixtures is Expected to Drive Low Temperature Powder Coatings Market in the Retail Industry
    8.7 Electronics
           8.7.1 Highly Efficient Protective Coating Property to Spur the Demand for Low Temperature Powder Coatings
    8.8 Medical
           8.8.1 Anti-Bacterial Property is Expected to Boost the Demand for Low Temperature Powder Coatings in the Medical Industry
    8.9 Others

9 Low Temperature Powder Coatings Market, By Region (Page No. - 77)
    9.1 Introduction
    9.2 APAC
           9.2.1 China
                    9.2.1.1 High Demand From the Furniture, Appliances, Automotive Industries is Expected to Drive the Low Temperature Powder Coatings Market
           9.2.2 Japan
                    9.2.2.1 High Production of Vehicles is Expected to Spur the Demand for Low Temperature Powder Coatings Market in the Country
           9.2.3 India
                    9.2.3.1 The Rapidly Growing Furniture Industry is Expected to Drive the Low Temperature Powder Coatings Market
           9.2.4 South Korea
                    9.2.4.1 Expansion of the Automotive Industry is Likely to Boost the Demand Low Temperature Powder Coatings Market Growth
           9.2.5 Thailand
                    9.2.5.1 Automotive Industry Contributes Significantly to the Growth of Low Temperature Powder Coatings Market
           9.2.6 Indonesia
                    9.2.6.1 Increasing Penetration of Japanese Carmakers to Benefit the Low Temperature Powder Coatings Market in the Country
           9.2.7 Australia & New Zealand
                    9.2.7.1 Improvement in Residential Construction to Propel the Demand for Low Temperature Powder Coatings in the Architectural Industry
           9.2.8 Rest of APAC
    9.3 North America
           9.3.1 US
                    9.3.1.1 Presence of Major Manufacturers is Expected to Drive the Low Temperature Powder Coatings Market
           9.3.2 Mexico
                    9.3.2.1 High Export of Electronics Products is Expected to Spur the Demand for Low Temperature Powder Coatings
           9.3.3 Canada
                    9.3.3.1 High Export of Furniture is Boosting the Low Temperature Powder Coatings Market
    9.4 Europe
           9.4.1 Germany
                    9.4.1.1 Increasing Focus on the Appliances Industry to Drive the Low Temperature Powder Coatings Market in the Country
           9.4.2 Spain
                    9.4.2.1 Increased Innovation and Versatility are Expected to Drive the Low Temperature Powder Coatings Market
           9.4.3 Russia
                    9.4.3.1 The Demand for Furniture is Expected to Increase During the Forecast Period
           9.4.4 France
                    9.4.4.1 Adoption of Innovative Technologies is Expected to Drive the Market
           9.4.5 UK
                    9.4.5.1 Preference for Sustainable and Quality Products is Leading to High Demand for Low Temperature Powder Coatings
           9.4.6 Turkey
                    9.4.6.1 Rapid Urbanization and Diversification of Consumer Goods to Drive the Turkish Low Temperature Powder Coatings Market
           9.4.7 Italy
                    9.4.7.1 Increasing Foreign Demand for Furniture is Expected to Fuel the Growth of the Low Temperature Powder Coatings Market
           9.4.8 Rest of Europe
    9.5 South America
           9.5.1 Brazil
                    9.5.1.1 Availability of Raw Materials is Expected to Fuel the Growth of the Market
           9.5.2 Argentina
                    9.5.2.1 Vehicles Sales is Expected to Increase During the Forecast Period
           9.5.3 Rest of South America
    9.6 Middle East & Africa
           9.6.1 Saudi Arabia
                    9.6.1.1 Increasing Population and Urbanization to Drive the Market in the Country
           9.6.2 UAE
                    9.6.2.1 Increasing Infrastructural Development is Expected to Drive the Market During the Forecast Period
           9.6.3 South Africa
                    9.6.3.1 Surge in Demand for Low Temperature Powder Coated Products is Expected to Drive the Market
           9.6.4 Rest of Middle East & Africa

10 Competitive Landscape (Page No. - 127)
     10.1 Introduction
     10.2 Competitive Scenario
             10.2.1 Expansion
             10.2.2 Merger & Acquisition
             10.2.3 New Product Launch

11 Company Profiles (Page No. - 129)
     11.1 Akzo Nobel N.V.
             11.1.1 Business Overview
             11.1.2 Products Offered
             11.1.3 Recent Developments
             11.1.4 SWOT Analysis
             11.1.5 MnM View
     11.2 Axalta Coating Systems, LLC
             11.2.1 Business Overview
             11.2.2 Products Offered
             11.2.3 Recent Developments
             11.2.4 SWOT Analysis
             11.2.5 MnM View
     11.3 Jotun A/S
             11.3.1 Business Overview
             11.3.2 Products Offered
             11.3.3 SWOT Analysis
             11.3.4 MnM View
     11.4 PPG Industries Inc.
             11.4.1 Business Overview
             11.4.2 Products Offered
             11.4.3 Recent Developments
             11.4.4 SWOT Analysis
             11.4.5 MnM View
     11.5 The Sherwin-Williams Company
             11.5.1 Business Overview
             11.5.2 Products Offered
             11.5.3 Recent Developments
             11.5.4 SWOT Analysis
             11.5.5 MnM View
     11.6 Teknos Group
             11.6.1 Business Overview
             11.6.2 Products Offered
     11.7 Forrest Technical Coatings
             11.7.1 Business Overview
             11.7.2 Products Offered
     11.8 Platinum Phase Sdn Bhd
             11.8.1 Business Overview
             11.8.2 Products Offered
     11.9 Tulip Paints
             11.9.1 Business Overview
             11.9.2 Products Offered
     11.10 Protech Powder Coatings Inc.
             11.10.1 Business Overview
             11.10.2 Products Offered
             11.10.3 Recent Developments
     11.11 Cin Industrial Coatings S.A.
             11.11.1 Business Overview
             11.11.2 Products Offered

12 Appendix (Page No. - 146)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets Subscription Portal
     12.3 Introducing RT: Real-Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details


List of Tables (134 Tables)

Table 1 Low Temperature Powder Coatings Market Snapshot, 2018 vs 2023
Table 2 Low Temperature Powder Coatings Market Size, By Substrate, 2016–2023 (USD Million)
Table 3 Low Temperature Powder Coatings Market Size, By Substrate, 2016–2023 (Kiloton)
Table 4 Non-Metal Substrates: Low Temperature Powder Coatings Market Size, By Region, 2016–2023 (USD Million)
Table 5 Non-Metal Substrates: Low Temperature Powder Coatings Market Size, By Region, 2016–2023 (Kiloton)
Table 6 Metal Substrates: Low Temperature Powder Coatings Market Size, By Region, 2016–2023 (USD Million)
Table 7 Metal Substrates: Low Temperature Powder Coatings Market Size, By Region, 2016–2023 (Kiloton)
Table 8 Low Temperature Powder Coatings Market Size, By Resin Chemistry, 2016–2023 (USD Million)
Table 9 Low Temperature Powder Coatings Market Size, By Resin Chemistry, 2016–2023 (Kiloton)
Table 10 Polyester & Polyester Hybrids-Based Low Temperature Powder Coatings Market Size, By Region, 2016–2023 (USD Million)
Table 11 Polyester & Polyester Hybrids-Based Low Temperature Powder Coatings Market Size, By Region, 2016–2023 (Kiloton)
Table 12 Epoxy & Epoxy-Polyester Hybrids-Based Low Temperature Powder Coatings Market Size, By Region, 2016–2023 (USD Million)
Table 13 Epoxy & Epoxy-Polyester Hybrids-Based Low Temperature Powder Coatings Market Size, By Region, 2016–2023 (Kiloton)
Table 14 Polyurethane-Based Low Temperature Powder Coatings Market Size, By Region, 2016–2023 (USD Million)
Table 15 Polyurethane-Based Low Temperature Powder Coatings Market Size, By Region, 2016–2023 (Kiloton)
Table 16 Acrylic-Based Low Temperature Powder Coatings Market Size, By Region, 2016–2023 (USD Million)
Table 17 Acrylic-Based Low Temperature Powder Coatings Market Size, By Region, 2016–2023 (Kiloton)
Table 18 Other Resin-Based Low Temperature Powder Coatings Market Size, By Region, 2016–2023 (USD Million)
Table 19 Other Resin-Based Low Temperature Powder Coatings Market Size, By Region, 2016–2023 (Kiloton)
Table 20 Low Temperature Powder Coatings Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 21 Low Temperature Powder Coatings Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 22 By Market Size in Furniture, By Region, 2016–2023 (USD Million)
Table 23 By Market Size in Furniture, By Region, 2016–2023 (Kiloton)
Table 24 By Market Size in Appliances, By Region, 2016–2023 (USD Million)
Table 25 By Market Size in Appliances, By Region, 2016–2023 (Kiloton)
Table 26 By Market Size in Automotive, By Region, 2016–2023 (USD Million)
Table 27 By Market Size in Automotive, By Region, 2016–2023 (Kiloton)
Table 28 By Market Size in Architectural, By Region, 2016–2023 (USD Million)
Table 29 By Market Size in Architectural, By Region, 2016–2023 (Kiloton)
Table 30 By Market Size in Retail, By Region, 2016–2023 (USD Million)
Table 31 By Market Size in Retail, By Region, 2016–2023 (Kiloton)
Table 32 By Market Size in Electronics, By Region, 2016–2023 (USD Million)
Table 33 By Market Size in Electronics, By Region, 2016–2023 (Kiloton)
Table 34 By Market Size in Medical, By Region, 2016–2023 (USD Million)
Table 35 By Market Size in Medical, By Region, 2016–2023 (Kiloton)
Table 36 By Market Size in Others, By Region, 2016–2023 (USD Million)
Table 37 By Market Size in Others, By Region, 2016–2023 (Kiloton)
Table 38 By Market Size, By Region, 2016–2023 (USD Million)
Table 39 By Market Size, By Region, 2016–2023 (Kiloton)
Table 40 APAC: By Market Size, By Country, 2016–2023 (USD Million)
Table 41 APAC: By Market Size, By Country, 2016–2023 (Kiloton)
Table 42 APAC: By Market Size, By Substrate, 2016–2023 (USD Million)
Table 43 APAC: By Market Size, By Substrate, 2016–2023 (Kiloton)
Table 44 APAC: By Market Size, By Resin Chemistry, 2016–2023 (USD Million)
Table 45 APAC: By Market Size, By Resin Chemistry, 2016–2023 (Kiloton)
Table 46 APAC: By Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 47 APAC: By Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 48 China: By Market Size, By Substrate Type, 2016–2023 (USD Million)
Table 49 China: By Market Size, By Substrate Type, 2016–2023 (Kiloton)
Table 50 Japan: By Market Size, By Substrate Type, 2016–2023 (USD Million)
Table 51 Japan: By Market Size, By Substrate Type, 2016–2023 (Kiloton)
Table 52 India: By Market Size, By Substrate Type, 2016–2023 (USD Million)
Table 53 India: By Market Size, By Substrate Type, 2016–2023 (Kiloton)
Table 54 South Korea: By Market Size, By Substrate Type, 2016–2023 (USD Million)
Table 55 South Korea: By Market Size, By Substrate Type, 2016–2023 (Kiloton)
Table 56 Thailand: By Market Size, By Substrate Type, 2016–2023 (USD Million)
Table 57 Thailand: By Market Size, By Substrate Type, 2016–2023 (Kiloton)
Table 58 Indonesia: By Market Size, By Substrate Type, 2016–2023 (USD Million)
Table 59 Indonesia: By Market Size, By Substrate Type, 2016–2023 (Kiloton)
Table 60 Australia & New Zealand: By Market Size, By Substrate Type, 2016–2023 (USD Million)
Table 61 Australia & New Zealand: By Market Size, By Substrate Type, 2016–2023 (Kiloton)
Table 62 Rest of APAC: By Market Size, By Substrate Type, 2016–2023 (USD Million)
Table 63 Rest of APAC: By Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 64 North America: By Market Size, By Country, 2016–2023 (USD Million)
Table 65 North America: By Market Size, By Country, 2016–2023 (Kiloton)
Table 66 North America: By Market Size, By Substrate, 2016–2023 (USD Million)
Table 67 North America: By Market Size, By Substrate, 2016–2023 (Kiloton)
Table 68 North America: By Market Size, By Resin Chemistry, 2016–2023 (USD Million)
Table 69 North America: By Market Size, By Resin Chemistry, 2016–2023 (Kiloton)
Table 70 North America: By Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 71 North America: By Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 72 US: By Market Size, By Substrate Type, 2016–2023 (USD Million)
Table 73 US: By Market Size, By Substrate Type, 2016–2023 (Kiloton)
Table 74 Mexico: By Market Size, By Substrate Type, 2016–2023 (USD Million)
Table 75 Mexico: By Market Size, By Substrate Type, 2016–2023 (Kiloton)
Table 76 Canada: By Market Size, By Substrate Type, 2016–2023 (USD Million)
Table 77 Canada: By Market Size, By Substrate Type, 2016–2023 (Kiloton)
Table 78 Europe: By Market Size, By Country, 2016–2023 (USD Million)
Table 79 Europe: By Market Size, By Country, 2016–2023 (Kiloton)
Table 80 Europe: By Market Size, By Substrate, 2016–2023 (USD Million)
Table 81 Europe: By Market Size, By Substrate, 2016–2023 (Kiloton)
Table 82 Europe: By Market Size, By Resin Chemistry, 2016–2023 (USD Million)
Table 83 Europe: By Market Size, By Resin Chemistry, 2016–2023 (Kiloton)
Table 84 Europe: By Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 85 Europe: By Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 86 Germany: By Market Size, By Substrate Type, 2016–2023 (USD Million)
Table 87 Germany: By Market Size, By Substrate Type, 2016–2023 (Kiloton)
Table 88 Spain: By Market Size, By Substrate Type, 2016–2023 (USD Million)
Table 89 Spain: By Market Size, By Substrate Type, 2016–2023 (Kiloton)
Table 90 Russia: By Market Size, By Substrate Type, 2016–2023 (USD Million)
Table 91 Russia: By Market Size, By Substrate Type, 2016–2023 (Kiloton)
Table 92 France: By Market Size, By Substrate Type, 2016–2023 (USD Million)
Table 93 France: By Market Size, By Substrate Type, 2016–2023 (Kiloton)
Table 94 UK: By Market Size, By Substrate Type, 2016–2023 (USD Million)
Table 95 UK: By Market Size, By Substrate Type, 2016–2023 (Kiloton)
Table 96 Turkey: By Market Size, By Substrate Type, 2016–2023 (USD Million)
Table 97 Turkey: By Market Size, By Substrate Type, 2016–2023 (Kiloton)
Table 98 Italy: By Market Size, By Substrate Type, 2016–2023 (USD Million)
Table 99 Italy: By Market Size, By Substrate Type, 2016–2023 (Kiloton)
Table 100 Rest of Europe: By Market Size, By Substrate Type, 2016–2023 (USD Million)
Table 101 Rest of Europe: By Market Size, By Substrate Type, 2016–2023 (Kiloton)
Table 102 South America: By Market Size, By Country, 2016–2023 (USD Million)
Table 103 South America: By Market Size, By Country, 2016–2023 (Kiloton)
Table 104 South America: By Market Size, By Substrate, 2016–2023 (USD Million)
Table 105 South America: By Market Size, By Substrate, 2016–2023 (Kiloton)
Table 106 South America: By Coatings Market Size, By Resin Chemistry, 2016–2023 (USD Million)
Table 107 South America: By Market Size, By Resin Chemistry, 2016–2023 (Kiloton)
Table 108 South America: By Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 109 South America: By Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 110 Brazil: By Market Size, By Substrate Type, 2016–2023 (USD Million)
Table 111 Brazil: By Market Size, By Substrate Type, 2016–2023 (Kiloton)
Table 112 Argentina: By Market Size, By Substrate Type, 2016–2023 (USD Million)
Table 113 Argentina: By Market Size, By Substrate Type, 2016–2023 (Kiloton)
Table 114 Rest of South America: By Market Size, By Substrate Type, 2016–2023 (USD Million)
Table 115 Rest of South America: By Market Size, By Substrate Type, 2016–2023 (Kiloton)
Table 116 Middle East & Africa: By Market Size, By Country, 2016–2023 (USD Million)
Table 117 Middle East & Africa: By Market Size, By Country, 2016–2023 (Kiloton)
Table 118 Middle East & Africa: By Market Size, By Substrate, 2016–2023 (USD Million)
Table 119 Middle East & Africa: By Market Size, By Substrate, 2016–2023 (Kiloton)
Table 120 Middle East & Africa: By Market Size, By Resin Chemistry, 2016–2023 (USD Million)
Table 121 Middle East & Africa: By Market Size, By Resin Chemistry, 2016–2023 (Kiloton)
Table 122 Middle East & Africa: By Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 123 Middle East & Africa: By Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 124 Saudi Arabia: By Market Size, By Substrate Type, 2016–2023 (USD Million)
Table 125 Saudi Arabia: By Market Size, By Substrate Type, 2016–2023 (Kiloton)
Table 126 UAE: By Market Size, By Substrate Type, 2016–2023 (USD Million)
Table 127 UAE: By Market Size, By Substrate Type, 2016–2023 (Kiloton)
Table 128 South Africa: By Market Size, By Substrate Type, 2016–2023 (USD Million)
Table 129 South Africa: By Market Size, By Substrate Type, 2016–2023 (Kiloton)
Table 130 Rest of Middle East & Africa: By Market Size, By Substrate Type, 2016–2023 (USD Million)
Table 131 Rest of Middle East & Africa: By Market Size, By Substrate Type, 2016–2023 (Kiloton)
Table 132 Expansion, 2016–2018
Table 133 Merger & Acquisition, 2016–2018
Table 134 New Product Launch, 2016–2018


List of Figures (39 Figures)

Figure 1 Low Temperature Powder Coatings Market Segmentation
Figure 2 Low Temperature Powder Coatings Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Low Temperature Powder Coatings Market: Data Triangulation
Figure 6 Non-Metal Substrates to Register the Higher CAGR in the Market
Figure 7 Polyurethane Resin to Register the Highest CAGR in the Market
Figure 8 Appliances to Be Fastest-Growing End-Use Industry
Figure 9 APAC to Lead the Low Temperature Powder Coatings Market
Figure 10 Emerging Economies to Offer Lucrative Growth Opportunities for Market Players
Figure 11 Non-Metal Substrate to Be the Larger Segment
Figure 12 Polyester & Polyester Hybrids to Be the Largest Resin Chemistry Segment in the Market
Figure 13 Furniture Segment to Account for the Largest Market Share in 2018
Figure 14 Low Temperature Powder Coatings Market to Grow at A Faster Rate in Developing Countries
Figure 15 China to Dominate the Low Temperature Powder Coatings Market
Figure 16 India to Register the Highest CAGR in the Market
Figure 17 Overview of Factors Governing the Low Temperature Powder Coatings Market
Figure 18 Low Temperature Powder Coatings Market: Porter’s Five Forces Analysis
Figure 19 Non-Metal Segment to Register A Higher CAGR During the Forecast Period
Figure 20 Polyester & Polyester Hybrids to Be the Largest Resin Chemistry in 2018
Figure 21 High Growth in Major End-Use Industries to Drive the Low Temperature Powder Coatings Market
Figure 22 Furniture to Be the Largest End-Use Industry of Low Temperature Powder Coatings
Figure 23 India is A Fastest-Growing Low Temperature Powder Coatings Market
Figure 24 APAC: Low Temperature Powder Coatings Market Snapshot
Figure 25 North America: Low Temperature Powder Coatings Market Snapshot
Figure 26 Rise in the Demand for Furniture to Drive the Low Temperature Powder Coatings Market in Europe
Figure 27 Increasing Demand From Appliances Industry to Drive the Low Temperature Powder Coatings Market in South America
Figure 28 Saudi Arabia to Be the Largest Market for Low Temperature Powder Coatings in the Region
Figure 29 Companies Adopted Merger & Acquisition as the Key Growth Strategy Between 2016 and 2018
Figure 30 Akzo Nobel N.V.: Company Snapshot
Figure 31 Akzo Nobel N.V.: SWOT Analysis
Figure 32 Axalta Coating Systems, LLC: Company Snapshot
Figure 33 Axalta Coating Systems, LLC: SWOT Analysis
Figure 34 Jotun A/S: Company Snapshot
Figure 35 Jotun A/S: SWOT Analysis
Figure 36 PPG Industries Inc.: Company Snapshot
Figure 37 PPG Industries, Inc.: SWOT Analysis
Figure 38 The Sherwin-Williams Company: Company Snapshot
Figure 39 The Sherwin-Williams Company: SWOT Analysis

The study involved four major activities to estimate the current market size for 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 value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and the subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek were referred to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; gold standard & silver standard websites; regulatory bodies; trade directories; and databases.

Primary Research

The low temperature powder coatings market comprises several stakeholders such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations. The demand side for this market is characterized by the development of furniture, appliances, automotive, architectural, retail, electronics, and medical industries and the growth in population. The supply side is characterized by advancements in substrate, resin chemistries, and diverse end-use industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following the is the breakdown of primary respondents:

Low Temperature Powder Coatings Market

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

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the overall size of the low temperature powder coatings market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides of the furniture, appliances, automotive, architectural, retail, electronics, and medical industries.

Report Objectives

  • To define, describe, and forecast the global market size of low temperature powder coatings
  • To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To analyze the micromarkets with respect to individual growth trends, future prospects, and their contribution to the overall market
  • To understand the structure of the low temperature powder coatings market by identifying its various subsegments
  • To project the size of the market and its submarkets, in terms of value, with respect to the five regions (along with their respective key countries)
  • To profile key players and comprehensively analyze their core competencies
  • To understand the competitive landscape and identify major growth strategies adopted by players across key regions
  • To analyze the competitive developments such as expansions, mergers & acquisitions, and new product launches in the low temperature powder coatings market

Scope of the report


Report Metric

Details

Market size available for years

2016–2023

Base year considered

2017

Forecast period

2018–2023

Forecast units

Value (USD) and Volume (Kiloton)

Segments covered

Substrate, Resin Chemistry, End-use Industry, and Region

Geographies covered

APAC, North America, Europe, South America, and Middle East & Africa

Companies covered

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)

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

On the basis of substrate, the low temperature powder coatings market has been segmented as follows:

  • Non-metal
  • Metal

On the basis of resin chemistry, the low temperature powder coatings market has been segmented as follows:

  • Polyester & polyester hybrids
  • Epoxy & epoxy-polyester hybrids
  • Polyurethane
  • Acrylic
  • Others (fluoropolymer and polyamides)

On the basis of end-use industry, the low temperature powder coatings market has been segmented as follows:

  • Furniture
  • Appliances
  • Automotive
  • Architectural
  • Retail
  • Electronics
  • Medical
  • Others (industrial, aerospace, marine, and heavy-duty equipment)

On the basis of region, the low temperature powder coatings market has been segmented as follows:

  • APAC
  • North America
  • Europe
  • South America
  • Middle East & Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

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:

  • Further breakdown of a specific country based on end-use industry

Company Information:

  • Detailed analysis and profiling of additional market players (up to five)
Report Code
CH 6808
Published ON
Dec, 2018
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Marie Steelle

Senior Research analyst- MarketsandMarkets

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