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. In the Study you will find new evolving low temperature powder coatings market share, Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders.

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The global market for low temperature powder coatings is anticipated to increase as a result of the increasing application of low temperature powder coating in a variety of end use industries, including automotive and electronics. For the surface finishing of aluminium and steel products, such as site furnishings, MDF furniture, and garden furniture, low temperature powder coating is in high demand in the furniture industry.

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.

Based on resin type, The hybrid segment is projected to be the largest resin type during the forecast period. #lowtemperaturepowdercoatings based on hybrid resin has good physical properties with high-performance features along with low cure temperature for coating applications in the furniture, automotive, electronics, retail, and other industries.

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Furniture is expected to account for the largest share of in the low temperature powder coatings market, by end – use, during the forecast period, in terms of value and volume.

Based on end – use, furniture segment is estimated to account for the largest share of the market during the forecast period. The growth of the infrastructure sector and the development of the furniture industry in the Asia Pacific region are expected to boost the low temperature #powdercoatings market in the region. China and India are likely to generate a positive impact on the market in the furniture end-use industry.

Asia – Pacific low temperature powder coatings market is projected to register the largest market share during the forecast period.

Asia Pacific is the fastest-growing market for low temperature powder coatings mainly due to the high economic growth, and heavy investment in industries such as automotive, electronics, and furniture. PPG Industries Inc. (US), Sherwin-Williams Company (US), AkzoNobel N.V. (Netherlands) and other leading global players are adopting various strategies to increase their market share in the global #lowtemperaturepowdercoatingsmarket

Major players operating in the global low temperature powder coatings market include PPG Industries Inc. (US), Sherwin-Williams Company (US), Axalta coating system (US).

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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.

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 38)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
    1.3 MARKET INCLUSIONS & EXCLUSIONS, BY RESIN
    1.4 MARKET INCLUSIONS & EXCLUSIONS, BY END-USE INDUSTRY
    1.5 STUDY SCOPE
           1.5.1 MARKET SCOPE
                    FIGURE 1 LOW TEMPERATURE POWDER COATINGS: MARKET SEGMENTATION
           1.5.2 REGIONAL SCOPE
           1.5.3 YEARS CONSIDERED
    1.6 CURRENCY
    1.7 UNITS CONSIDERED
    1.8 LIMITATIONS
    1.9 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 42)
    2.1 RESEARCH DATA
          FIGURE 2 LOW TEMPERATURE POWDER COATINGS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 List of key primary interview participants
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION
           2.2.1 TOP-DOWN APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
                    FIGURE 4 LOW TEMPERATURE POWDER COATINGS MARKET SIZE ESTIMATION: BY VALUE
                    FIGURE 5 MARKET ESTIMATION, BY REGION
                    FIGURE 6 MARKET, BY RESIN
           2.2.2 BOTTOM-UP APPROACH
                    FIGURE 7 MARKET ESTIMATION,  BY END-USE INDUSTRY
    2.3 MARKET FORECAST APPROACH
           2.3.1 SUPPLY-SIDE FORECAST
                    FIGURE 8 MARKET: SUPPLY-SIDE FORECAST
                    FIGURE 9 METHODOLOGY FOR SUPPLY-SIDE SIZING OF LOW TEMPERATURE POWDER COATINGS MARKET
           2.3.2 DEMAND-SIDE FORECAST
                    FIGURE 10 MARKET: DEMAND-SIDE FORECAST
    2.4 FACTOR ANALYSIS
          FIGURE 11 FACTOR ANALYSIS OF MARKET
    2.5 DATA TRIANGULATION
          FIGURE 12 MARKET: DATA TRIANGULATION
    2.6 ASSUMPTIONS
    2.7 STUDY LIMITATIONS
    2.8 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST

3 EXECUTIVE SUMMARY (Page No. - 54)
    TABLE 1 LOW TEMPERATURE POWDER COATINGS MARKET SNAPSHOT, 2021 VS. 2027
    FIGURE 13 NON-METAL SEGMENT TO HOLD LARGER SHARE OF MARKET IN 2021
    FIGURE 14 HYBRID RESIN SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE IN 2022
    FIGURE 15 FURNITURE SEGMENT TO BE FASTEST-GROWING END-USE INDUSTRY
    FIGURE 16 APAC TO ACCOUNT FOR LARGEST MARKET SHARE IN 2021

4 PREMIUM INSIGHTS (Page No. - 58)
    4.1 ATTRACTIVE OPPORTUNITIES IN LOW TEMPERATURE POWDER COATINGS MARKET
          FIGURE 17 HIGH DEMAND FROM FURNITURE INDUSTRY TO DRIVE MARKET
    4.2 MARKET, BY SUBSTRATE
          FIGURE 18 NON-METAL SEGMENT TO DOMINATE OVERALL LOW TEMPERATURE POWDER COATINGS MARKET
    4.3 MARKET, DEVELOPED VS. DEVELOPING COUNTRIES
          FIGURE 19 MARKETS IN DEVELOPED COUNTRIES TO GROW FASTER THAN DEVELOPING COUNTRIES
    4.4 MARKET IN ASIA PACIFIC, BY END-USE INDUSTRY AND COUNTRY
          FIGURE 20 POLAND TO ACCOUNT FOR LARGEST MARKET SHARE IN EUROPE
    4.5 MARKET,  BY KEY COUNTRY
          FIGURE 21 SPAIN TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 61)
    5.1 INTRODUCTION
    5.2 VALUE CHAIN ANALYSIS
          FIGURE 22 LOW TEMPERATURE POWDER COATINGS: VALUE CHAIN ANALYSIS
          TABLE 2 LOW TEMPERATURE POWDER COATINGS MARKET: SUPPLY CHAIN ECOSYSTEM
    5.3 MARKET DYNAMICS
          FIGURE 23 OVERVIEW OF FACTORS GOVERNING MARKET
           5.3.1 DRIVERS
                    5.3.1.1 Increase in energy savings due to reduction in cure temperature
                    5.3.1.2 Increasing adoption for low temperature powder coating across end-use sectors
           5.3.2 RESTRAINTS
                    5.3.2.1 High-priced product in price-competitive market
                    5.3.2.2 Difficulty in maintaining storage stability while enabling low temperature curing
                    5.3.2.3 Requirement of refrigerated storage or transport to extend shelf life
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Low temperature powder coatings suitable for temperature-sensitive components
                    5.3.3.2 Increasing demand for composites in automotive and aerospace industries
                    5.3.3.3 Technological advancements
           5.3.4 CHALLENGES
                    5.3.4.1 High humidity and complex shape of substrates affect performance of coatings
                    5.3.4.2 Mature market of MDF in developed regions to stymie demand for low temperature powder coatings
    5.4 PORTER’S FIVE FORCES ANALYSIS
          FIGURE 24 LOW TEMPERATURE POWDER COATINGS MARKET: PORTER’S FIVE FORCES ANALYSIS
          TABLE 3 MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.4.1 THREAT FROM SUBSTITUTES
           5.4.2 BARGAINING POWER OF BUYERS
           5.4.3 THREAT FROM NEW ENTRANTS
           5.4.4 BARGAINING POWER OF SUPPLIERS
           5.4.5 INTENSITY OF COMPETITIVE RIVALRY
    5.5 KEY STAKEHOLDERS & BUYING CRITERIA
           5.5.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 25 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS
                    TABLE 4 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP INDUSTRIES (%)
           5.5.2 BUYING CRITERIA
                    FIGURE 26 KEY BUYING CRITERIA FOR LOW TEMPERATURE POWDER COATINGS
                    TABLE 5 KEY BUYING CRITERIA FOR LOW TEMPERATURE POWDER COATINGS
    5.6 MACROECONOMIC INDICATORS
           5.6.1 INTRODUCTION
           5.6.2 GDP TRENDS AND FORECASTS
                    TABLE 6 GDP TRENDS AND FORECASTS, PERCENTAGE CHANGE
    5.7 INDUSTRY TRENDS
           5.7.1 TRENDS AND FORECASTS OF GLOBAL AUTOMOTIVE INDUSTRY
                    TABLE 7 TRENDS AND FORECASTS OF GLOBAL AUTOMOTIVE INDUSTRY
    5.8 PAINTS & COATINGS ECOSYSTEM AND INTERCONNECTED MARKETS
          TABLE 8 POWDER COATINGS MARKET: SUPPLY CHAIN
          FIGURE 27 PAINTS & COATINGS: ECOSYSTEM
    5.9 REVENUE SHIFT AND NEW REVENUE POCKETS FOR LOW TEMPERATURE POWDER COATING MANUFACTURERS
          FIGURE 28 REVENUE SHIFT IN LOW TEMPERATURE POWDER COATINGS MARKET
    5.10 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
           5.10.1 TRENDS AND FORECASTS OF GLOBAL APPLIANCES INDUSTRY
                    FIGURE 29 TRENDS AND FORECASTS OF GLOBAL APPLIANCES INDUSTRY,  2018–2025 (USD TRILLION)
                    FIGURE 30 TRENDS AND FORECASTS OF GLOBAL APPLIANCES DISTRIBUTION CHANNEL
           5.10.2 TRENDS AND FORECASTS OF GLOBAL FURNITURE INDUSTRY
                    FIGURE 31 TRENDS AND FORECASTS OF GLOBAL FURNITURE INDUSTRY,  2018–2025 (USD BILLION)
                    FIGURE 32 TRENDS AND FORECASTS OF GLOBAL FURNITURE INDUSTRY DISTRIBUTION CHANNEL
           5.10.3 TRENDS AND FORECASTS OF GLOBAL CONSTRUCTION INDUSTRY
                    FIGURE 33 GLOBAL SPENDING IN CONSTRUCTION INDUSTRY, 2018–2035 (USD TRILLION)
    5.11 TECHNOLOGY ANALYSIS

Continued...