The low temperature powder coatings market is projected to reach USD 116 Million by 2027, at a CAGR of 3.0% between 2021 and 2027. Asia Pacific accounts for a major share of the overall low temperature powder coatings market due to the increasing infrastructural development, technological advancement related to low temperature powder coatings, and rising consumer awareness regarding the benefits of using low temperature powder coatings.
Players including AkzoNobel N.V (Netherlands), Sherwin-Williams (US), PPG Industries Inc., (US) have adopted several growth strategies between 2018 and 2022 (June) to expand their global presence and increase their market shares. New product launches/developments, mergers & acquisitions, investments & expansions, partnerships & agreements, and joint ventures & collaborations were the strategies adopted by these players to achieve growth in the low temperature powder coatings market.
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PPG Industries is a global manufacturer and supplier of paints, coatings, optical products, and specialty materials. It serves customers in the industrial, consumer products, transportation, and construction markets. PPG provides industrial and automotive coatings to manufacturing companies, adhesives & sealants to the automotive industry, metal pretreatments & related chemicals for industrial and automotive applications, and packaging coatings to aerosol, food & beverage container manufacturers. The company also delivers protective coating solutions for a wide range of industries. It. operates through two major segments: Performance Coatings and Industrial Coatings. The company offers low temperature powder coatings through the Industrial Coatings segment. It has 156 manufacturing facilities worldwide.
Sherwin-Williams Company is one of the global leaders in the manufacture, development, distribution, and sale of paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates through three main divisions: Consumer Brands Group, The Americas Group, and Performance Coatings Group. The company offers low temperature powder coatings through the Performance Coatings Group segment. The company serves a wide range of markets furniture, appliance, and electronics. It has a presence in more than 120 countries, primarily in Europe, Asia Pacific, and North America.
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
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