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Cooling Coatings: Low Temperature Powder Coatings Surge
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According to The Business Research Company's, The low temperature powder coatings market size has grown strongly in recent years. It will grow from $0 billion in 2023 to $0 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to environmental regulations, energy savings, industrial and manufacturing growth, furniture and appliances, powder coating efficiency.
The low temperature powder coatings market size is expected to see strong growth in the next few years. It will grow to "" $0 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to green building practices, electronics and it, automotive lightweighting, renewable energy, corrosion prevention. Major trends in the forecast period include digital printing integration, advanced surface protection, sustainable and eco-friendly formulations, energy-efficient manufacturing, nanotechnology integration.
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Market Drivers and Trends:
The increase in the need for lower curing temperatures and less curing time contributed to the growth of the low-temperature powder coatings market. For instance, most powder coating such as thermoset powders cures at a temperature of 390 °F (200 °C) for 10 to 15 minutes or 10 to 30 minutes. According to Teknos, the curing temperature for polyester-based powder coatings is 160 °C for 10 minutes, and for Epoxy polyester-based powder coating is 145 °C for 10 minutes. The difference in curing temperature and time between normal powder coating and a low-temperature powder coating is around 40 °C to 65 °C and a time difference of 5 to 6 minutes. The lower curing temperatures and less curing time significantly benefited the end-user industry and drove the market for the low-temperature powder coatings.
Major companies operating in the low temperature powder coatings market are developing innovative products such as PPG ENVIRO-PRIME EPIC 200R coatings to gain a competitive edge in the market. The PPG ENVIRO-PRIME EPIC 200R electrocoat products cure at lower temperatures than competing technologies, providing sustainability benefits for customers including lower energy use and reduced CO2 emissions. For instance, in June 2023, PPG v,a US-based coatings manufacturer has launched PPG ENVIRO-PRIME EPIC 200R coatings, a suite of electrocoat (e-coat) products that cure at lower temperatures than competing technologies. The products provide sustainability benefits for customers, including lower energy use and reduced CO2 emissions at manufacturing facilities.
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Major Key Players of the Market:
PPG Industries Inc., AkzoNobel N.V., Axalta Coating Systems LLC, Jotun A/S, Teknos Group Oy, Tulip Paints, Protech Powder Coatings Inc., Platinum Phase SDN BHD, CIN Industrial Coatings S.L., Keyland Polymer Ltd., Tiger Coatings GmbH & Co. KG, IGP Pulvertechnik AG, Foecke GmbH & Co. KG, BASF SE, DuPont de Nemours Inc., Koninklijke DSM N.V., Prismatic Powders, Funder America Inc., Forrest Technical Coatings, The Sherwin-Williams Company, TCI Powder Coatings, IFS Coatings Inc., Midwest Industrial Coatings Inc., All Powder Paints LLC, Cardinal Paint & Powder Inc., Diamond Vogel Paints, Hentzen Coatings Inc., Jamestown Coating Technologies, Kansai Paint Co. Ltd., Nippon Paint Holdings Co. Ltd., RPM International Inc., The Valspar Corporation, Berger Paints India Limited, DuluxGroup Limited, Hempel A/S, KCC Corporation, Kansai Nerolac Paints Limited, Nihon Parkerizing Co. Ltd.
Low Temperature Powder Coatings Market 2024 Key Insights:
• The low temperature powder coatings market size is expected to see strong growth in the next few years. It will grow to "" $0 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%.
• Driving Forces Of The Low-Temperature Powder Coatings Market
• Revolutionizing Powder Coatings With Ppg's Sustainable Innovations
• Asia-Pacific was the largest region in the low temperature powder coatings market share in 2023
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