Low-Temperature Powder Coatings Market Size, Opportunities, Trends, Growth Factors, Revenue Analysis,2027
A comprehensive report on the Global Low-Temperature Powder Coatings Market has been published by Reports and Data that offers insightful data about market dynamics, drivers, restraints, current and emerging trends, market size, market share, and revenue growth of the market. The report provides a brief overview of the industry and gives an estimation of growth and revenue for the forecast period of 2021-2027. The global Low-Temperature Powder Coatings market is expected to be valued at USD 2.3 Million in 2027 from its valuation of USD 1.3 Million in 2017 and register a CAGR of 5.7% during the forecast period. The document offers reliable data in reference to key areas of investments and growth patterns of the Low-Temperature Powder Coatings market to help clients, stakeholders, investors, and businesses capitalization on the lucrative opportunities and make strategic investment plans.
Market Dynamics:
The materials and chemicals industry is rapidly gaining traction over the forecast period and is expected to expand significantly in the coming years. Technological advancements and rising innovation are key factors boosting global market growth. The global Low-temperature Powder Coatings market is projected to register robust revenue CAGR during the forecast period between 2021 and 2028. Increasing awareness about green energy and eco-friendly biodegradable products, environmental impact due to carbon emissions are few key factors supporting market growth. High demand for various chemicals and raw materials in various industrial sectors such as food and technology, pharmaceutical and biotechnology, manufacturing, paint and coating, paper, plastic among others. In addition, increasing research and development activities, growing demand for products like perfumes, soaps and detergents for daily usage along with rising disposable income across the globe are further boosting market growth.
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The COVID-19 impact:
COVID-19 has impacted the market negatively. The weaker consumer demand for lifestyle and well-being products due to the imposition of lockdown and social restrictions will have a negative impact on the demand for cosmetics and certain food additives. The COVID-19 pandemic has crippled various industries, along with public construction. The activity will more likely cease due to the imposition of lockdown and social distancing, and work will halt due to the supply chain disruption, the termination of contracts to control expenses, and the shortage of subcontractors and materials. However, the ease in restrictions and the government initiatives to start the economic activities in the consumer goods market creates hope for the imminent recovery of the market.
The report offers in depth insight about prominent players in the market, their market position, global and financial standing, license agreement, brand promotions and product portfolio. The global Low-temperature Powder Coatings market is highly competitive and consist of various key players at global and regional levels. These players are adopting various strategies like joint ventures, collaborations, partnerships, and new product launches to strengthen their market position.
Leading companies operating in the market and profiled in the report include: Akzo Nobel N.V., Axalta Coating Systems, LLC, Jotun A/S, PPG Industries, Inc., The Sherwin-Williams Company, Teknos Group, Forrest Technical Coatings, Platinum Phase Sdn Bhd, Tulip Paints, Protech Powder Coatings Inc., and CIN Industrial Coatings, among others.
Low-temperature Powder Coatings Market Segmentation:
Resins Type Outlook (Revenue, USD Million; Volume, Kilo Tons; 2017-2027)
- Polyester
- Acrylic
- Polyurethane
- Epoxy
- Others
Substrate Outlook (Revenue, USD Million; Volume, Kilo Tons; 2017-2027)
- Non- Metal
- Wood And Medium-Density Fiberboard (MDF)
- Plastics, Composites, & Glass
- Metal
End-Use Industry Outlook (Revenue, USD Million; Volume, Kilo Tons; 2017-2027)
- Electrical & Electronics
- Automotive & Transportation
- Healthcare
- Building & constructions
- Architectural
- Furniture
- Others
- Other
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The Low-temperature Powder Coatings market is segmented into five major regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Regional Outlook:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
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