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Low Temperature Coating Market by Coating Type, Resin Type, End-Use Industry, Region - Global Forecast to 2021

Low Temperature Coating Market: Global Forecast until 2021

  • June 2017
  • 161 pages
  • ID: 5014865
In this report:
The automotive end-use industry has enjoyed steady domestic sales with growth averaging ##% since 2010.
In 2013, coatings production in the country increased by ##% due to a ##% rise in the total demand for coatings.
The production volume of commercial vehicles grew by more than ##% in 2013-2014 in the U.S. The overall car production has grown over ##% during the same period.

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Low temperature coating market to grow at a CAGR (Compound annual growth rate) of 6.70 percent (2016-2021)

The overall low temperature coating market is estimated to grow ~$5.1B by 2021, at a compound annual growth rate of 6.70 percent between 2016 and 2021. Expanded demand for powder-based low temperature coating and rise in energy savings due to reduction in cure temperatures act as top driving factors influencing the increase of the overall low temperature coating market. On the other hand, low temperature coating is not suitable for thin film applications and this might act as a restraint to the rise of the market.

Industrial is anticipated to be the quickest-rising end-use industry segment during the estimate period

The industrial segment is intended to be the quickest-increasing end-use industry segment in the overall low temperature coating market during the outlook period, in terms of value importance. Applications of low temperature coating in the industrial segment contain soccer goals, basketball backstops, lockers, camping equipment, golf clubs and golf carts, ski poles, and exercise equipment. Households also use low temperature coating in electronic components, bathroom scales, mailboxes, satellite dishes, toolboxes, and fire extinguishers that benefit from a low cure powder finish. A wide range of industrial applications of low temperature coating in different metal components in many sectors, including steel, zinc, brass, and aluminum is the main factor providing to the increase of the industrial segment in this industry.

Powder-based anticipated to be the quickest-rising coating type segment in the overall low temperature coating market

Established on the type of coating, the powder-based segment is expected to grow at the highest compound annual growth rate (CAGR) between 2016 and 2021. Restrictions imposed by organizations including REACH, Green Seal, SED, and BPD have placed restrictions on the use of coatings emitting VOCs and Hazardous Air Pollutants in several developed economies of the world including the U.S., Germany (DE), France (FR), Italy (IT), and the U.K. This move has triggered the important increase for powder-based low temperature coating. Additionally, different characteristics of powder-based low temperature coating rise the durability of coatings.

"Asia-Pac (APAC) forecasted to be the biggest and quickest-increasing market for low temperature coating"

APAC is forecasted to be the most important as well as the quickest-rising market for low temperature coating. The low temperature coating market in this area is forecast to register the more important increase, due to the high demand for low temperature coating from territories, including Japan, China (CN), and India (IN). China (CN) is forecasted to be the biggest market for low temperature coating in the Asia-Pac, succeeded by India (IN) and Japan (JP). Nevertheless, Indonesia (ID) and Taiwan are forecasted to be the quickest-increasing sectors for low temperature coating in Asia-Pac. Rise of prominent industries including heavy-duty equipment, furniture, and manufacturing has rised the industry demand for low temperature coating in this area.

Extensive primary audit sessions were conducted to determine and verify the market value for various segments and sub-segments collected by secondary research.

The split of primary interviews is as follow:

• By Company category: Tier 1 - 50.0 percent, Tier 2 - 37.0 percent, and Others - 13.0 percent

• By Description: C-suite - 46.0 percent, D-level - 31.0 percent, and Others - 23.0 percent

• By Area: North America continent - 33.0 percent, Europe (EU) - 28.0 percent, Asia Pacific (APAC) - 22.0 percent, South America- 11.0 percent, and Middle East (ME) & African continent - 6.0 percent

The firms decribed in this research report are E.I. DuPont de Nemours and Organization, PPG Industries (NYSE:PPG), The Valspar Corporation, Axalta Coating Systems Ltd (NYSE:AXTA), Bowers Industrial, Tulip Paints, Platinum Phase SDN BHD, VITRACOAT America Inc., Forrest Technical Coatings, and Specialty Polymer Coatings Inc..

Segment Research

This market research classifies the overall low temperature coating market based on coating type, resin type, end-use sector, and area. The study includes exhaustive information concerning top factors influencing the increase of the overall low temperature coating market, including drivers, industry restraints, opportunities, and possibilities. An in-depth study of main industry actors has been done to furnish industry insights on business overviews, products & services, top strategies, market investments & business developments, mergers & acquisitions, and other recent developments combined with the industry.

Why Purchasing This Study Can Help You:

The analysis will facilitate industry top players/new sector entrants in this sector in these ways:

1. This document breaks down the overall low temperature coating market comprehensively and offers the closest approximations of market sizes for the global market and its sub-segments across localities.

2. The market research will facilitate partners distinguish the pulse of the sector and offer them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will also assist partners comprehend main competitors and obtain business insights to improve their competitive positions in the sector. The competitive outlook section includes main industry actors from all the areas, providing to the market. The landscape consists of top 21 firms ranked and grouped based on their competency parameters including geographical presence, recent strategic developments, patents filed, and number of employees.

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