Global Low Temperature Powder Coatings Market: Overview
The global low temperature powder coatings market may have risen over the past few years, owing to the healthy competition among existing players. The players are seen competing on the basis of quality, price and variety. Low temperature powder coatings is formulated to form a complete cured coating at minimum oven temperatures. This coating benefits the chemical industries more than conventional liquid coatings as they produce much thicker coatings. Low temperature power coatings have no emissions of organic compounds which prevents them from running and sagging at the time of coating. The benefits of low temperature powder coatings are resistance to corrosion, resistance to abrasion and chipping, cost-effectiveness, durability, high-quality finish and shorter processing time.
A recent report on the global low temperature powder coatings market by Transparency Market Research aims to present actionable insights to key stakeholders operating in it. The report goes ahead to examine in-depth the various influencing factors shaping the contours of the market. The report would also provide a peek into the competitive dynamics. It also highlights on the historical and current figures on sales and revenues. Using those data, the report also tries to unravel the growth pace of the global low temperature powder coatings market.
Global Low Temperature Powder Coatings Market: Key Trends
Rise in energy savings due to lowering cure temperatures, rapid technological advancements and increasing size of end-use industries are believed to be driving the growth in global low temperature powder coatings market. The increasing usage of low temperature powder coatings on high temperature sensitive materials such as fiberboard, wood, composites, plastics and glass is projected to boost the global low temperature powder coatings market.
Due to the excellent physical properties, good flow properties, overbake stability and wear resistance, the low temperature powder coatings is a crucial milestone to the different chemical industries. It also offers performance and environmental benefits over other industries in laminating and coating systems. In the furniture industry, low temperature powder coatings provides surface protection and also used as surface finishing of aluminium and steel such as site furnishing and garden furniture.
Global Low Temperature Powder Coatings Market: Regional Outlook
Geographically, the global low temperature powder coatings market could span five major regions Europe, North America, South America, and the Middle East and Africa. The regions have a various product portfolio to cater the end-use industries according their requirements. In the regions, this holds out the maximum potential for growth in the low temperature powder coatings market. In the region of North America and Europe, the global low temperature powder coatings market is expected to grow as the regions have over expanding new industries and competitors who are aimed at increasing total revenues.
Global Low Temperature Powder Coatings Market: Competitive Dynamics
Some of the prominent players in the global low temperature powder coatings market are Akzo Nobel, Jotun A/S, Axalta Coating Systems, Teknos group, Forest Technical Coatings and Tulip Paints. The upcoming report aims to unveil their market shares, products, and geographical outreach.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.