Jan 10, 2019   SOURCE: BusinessWire

The Worldwide Market for Low Temperature Powder Coatings (2018-2023): Increasing Demand from the Automotive Industry in APAC - ResearchAndMarkets.com

The "Low Temperature Powder Coatings Market by Substrate, Resin, End-use Industry, and Region - Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The low temperature powder coatings market size is expected to grow from USD 3.9 billion in 2018 to USD 5.2 billion by 2023, at a CAGR of 6% during the forecast period.

The low temperature powder coatings market is driven by increase in energy savings due to reduction in cure temperatures, growing end-use industries, and technological advancements. However, non-suitability for thin film applications and unattractive product in the price competitive market can hinder the growth of the market.

Select Findings

  • Increasing use of non-metal substrate is expected to fuel the demand for low temperature powder coatings market
  • Polyurethane is projected to be the fastest growing resin chemistry during the forecast period
  • Furniture is expected to be the fastest-growing end-use industry during the forecast period
  • APAC is expected to record the highest growth rate during the forecast period

Market Dynamics

Drivers

  • Increase in Energy Savings Due to the Reduction in Cure Temperature
  • Growing End-Use Industries Driving the Low Temperature Powder Coatings Market
  • Technological Advancements

Restraints

  • Not an Attractive Product in Price-Competitive Markets

Opportunities

  • Low Temperature Coatings Suitable for Temperature-Sensitive Components
  • Increasing Demand From the Automotive Industry in APAC

Challenges

  • High Humidity and Complex Shape of Substrates Might Affect the Performance of Low Temperature Powder Coatings
  • Environmental Regulations

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Low Temperature Powder Coatings Market, By Substrate Type

7 Low Temperature Powder Coatings Market, By Resin Chemistry

8 Low Temperature Powder Coatings Market, By End-Use Industry

9 Low Temperature Powder Coatings Market, By Region

10 Competitive Landscape

11 Company Profiles

  • AkzoNobel N.V.
  • Axalta Coating Systems LLC
  • Cin Industrial Coatings S.A.
  • Forrest Technical Coatings
  • Jotun A/S
  • PPG Industries Inc.
  • Platinum Phase Sdn Bhd
  • Protech Powder Coatings Inc.
  • Teknos Group
  • The Sherwin-Williams Company
  • Tulip Paints

For more information about this report visit https://www.researchandmarkets.com/research/gnhthm/the_worldwide?w=4