Global Low Temperature Coating Market, By Coating Type (Powder-Based, Liquid-Based), Resin Type (Polyester, Polyurethane, Epoxy, Acrylic), Substrate Type (Metal, Non Metal), End Use (Automotive, Architectural, Furniture), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Low Temperature Coating Market
The low temperature coating market is expected to witness market growth at a rate of 5.1% in the forecast period of 2021 to 2028. Data Bridge Market Research report on low temperature coating market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the rapidly expanding functional range of powders is escalating the growth of low temperature coating market.
Low temperature coatings can be referred to as two-component epoxy-based coatings. The low temperature coatings have the capacity to cure down to 0°C. These coatings are utilized in the cool weather conditions, where the other coatings are required to have satisfactory measures for curing purposes.
Major factors that are expected to boost the growth of the low temperature coating market in the forecast period are the rise in the energy savings because of the decrease in the cure temperature. Furthermore, the several utilizations of environment friendly coatings are further anticipated to propel the growth of the low temperature coating market. Also, the rise in the healthy development in the automotive industry is further estimated to cushion the growth of the low temperature coating market. On the other hand, the rise in the valued product in a price-competitive market and the struggle of continuing the storage-stability meanwhile allowing the low-temperature curing is further projected to impede the growth of the low temperature coating market in the timeline period.
In addition, the low temperature coatings favourable for temperature-sensitive components and the technological developments will further provide potential opportunities for the growth in the low temperature coating market in the coming years. However, the rise in the humidity and complex shape of substrates affecting performance of coatings and the MDF which is mature product in the advanced countries might further challenge the growth of the low temperature coating market in the near future.
This low temperature coating market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on low temperature coating market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Low Temperature Coating Market Scope and Market Size
The low temperature coating market is segmented on the basis of coating type, resin type, substrate type and end use. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of coating type, the low temperature coating market is segmented into powder-based, and liquid-based. Powder-based is further sub segmented into thermoplastic and and thermoset powders.
- On the basis of resin type, the low temperature coating market is segmented into polyester, polyurethane, epoxy, and acrylic.
- On the basis of substrate type, the low temperature coating market is segmented into metal, non-metal. Non metal is further sub segmented into wood and medium-density fibreboard (MDF) and plastics, composites, and glass.
- On the basis of end use, the low temperature coating market is segmented into automotive, architectural, and furniture. Others are further sub segmented into industrial, aerospace, marine, and heavy-duty equipment.
Low Temperature Coating Market Country Level Analysis
The low temperature coating market is analysed and market size, volume information is provided by country, coating type, resin type, substrate type and end use as referenced above.
The countries covered in the low temperature coating market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the low temperature coating market due to the rise in the manufacturing units. Furthermore, the increase in the automotive and manufacturing industry verticals will further boost the growth of the low temperature coating market in the region during the forecast period. Europe is projected to observe significant amount of growth in the low temperature coating market due to the rise in the automobiles. Moreover, the occurrence of major key players and technological developments is further anticipated to propel the growth of the low temperature coating market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Low Temperature Coating Market Share Analysis
The low temperature coating market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to low temperature coating market.
The major players covered in the low temperature coating market report are PPG Industries Inc., DuPont., Valspar, AXALTA, Vitracoat America, FORREST Technical Coatings, Specialty Polymer Coatings Inc., Bowers Industrial Inc., Phygen Coatings Inc., michelman inc., RPM International Inc., Cipy Polyurethanes Pvt. Ltd., VCM Polyurethanes Pvt. Ltd., Flowcrete Group Ltd., Akzo Nobel N.V., The Sherwin-williams Company, Nippon Paint (India) Private Limited., Kansai Paint Co., Ltd., APV Engineered Coatings, Rawlins Paint Limited, Hydromer., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.