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Low Temperature Coating Market worth 5.13 Billion USD by 2021


(, June 15, 2017 ) The report "Low Temperature Coating Market by Coating Type (Powder-Based, and Liquid-Based), Resin Type (Polyester, Epoxy, Polyurethane, Acrylic), End-Use Industry (Automotive, Industrial, Heavy-Duty Equipment, Architectural, Furniture), Region - Global Forecast to 2021", The global low temperature coating market was valued at USD 3.50 Billion in 2015 and is projected to reach USD 5.13 Billion by 2021, at a CAGR of 6.7% from 2016 to 2021.

Browse 113 market data tables and 45 figures spread through 162 pages and in-depth TOC on "Low Temperature Coating Market"

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The market is driven by the increased demand for low temperature coating from various end-use industries, such as automotive, architectural, furniture, heavy-duty equipment, and industrial. The automotive segment led the global low temperature coating market, in terms of value, in 2015.

Automotive is estimated to be the largest end-use industry segment of the global low temperature coating market

Among various end-use industries, the automotive industry is estimated to be the largest end-use industry of the global low temperature coating market. Low temperature coating are used on wheels, grills, bumpers, door handles, roof racks, trailer hitches, and exterior & interior trims in the automotive industry. Low temperature coating is preferred to other coatings in automotive electronics due to their short curing time and increased efficiency level.

The powder-based segment is projected to be the fastest-growing coating type in the global low temperature coating market

The powder-based segment is projected to be the fastest-growing coating type segment of the market between 2016 and 2021. Powder-based low temperature coating have zero VOC emissions and produce much thicker coatings than conventional liquid coatings without running or sagging. They also exhibit superior properties over conventional paints, including high resistance to corrosion, high-quality finish, chipping and abrasion resistance, durability, cost-effectiveness, and reduced processing time. Growing demand for consumer goods, including washing machines and refrigerators in the Philippines, India, China, Vietnam, and Thailand is expected to drive the demand for powder-based low temperature coating in these industries.

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Rising demand for low temperature coating in Asia-Pacific contributes to the high growth of this market

In 2015, Asia-Pacific accounted for the largest share of the global low temperature coating market, which is expected to grow at the highest CAGR between 2016 and 2021. Currently, China is the largest market for low temperature coating in the Asia-Pacific, and is expected to continue to lead till 2021. In China and India, the demand for low temperature coating is expected to increase due to the growing heavy-duty equipment industry and rapid economic expansion. Additionally, growing populations in these countries present a huge customer base for manufacturers of low temperature coating. Low temperature coating manufacturers are focusing upon this region as it has the strongest construction industry, accounting for approximately 40% of the global construction spending.

Key companies profiled in the global low temperature coating market research report include E.I. DuPont de Nemours and Company (U.S.), PPG Industries Inc. (U.S.), The Valspar Corporation (U.S.), Axalta Coating Systems (U.S.), Bowers Industrial (U.S.), Tulip Paints (India), Platinum Phase SDN BHD (Malaysia), VITRACOAT America Inc. (U.S.), Forrest Technical Coatings (U.S.), and Specialty Polymer Coatings Inc. (Canada).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Rohan
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India


Mr. Rohan


Source: EmailWire.Com

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