Global Low Temperature Coating Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Low Temperature Coating Market by Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Low Temperature Coating Market was valued at XX million in 2016 and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025). North America region is considered to be the major consumer and producer of this market, as most of the regions in United states and Canada experience mostly very low temperatures.
The low temperature coatings have potential to cure down to zero-degree Celsius. These coatings are present in two variants, liquid and powder and are used in different number of applications. They are mostly applied to valves, pipes, fittings, welds, and various components which are exposed to lower temperatures.
The low temperature coatings are much eco-friendly as compared to the other coatings. Due to the eco-friendly nature of these coatings it is determined to drive the market. The demand for environmentally friendly products across the globe is growing, therefore the need for the market is also increasing. Moreover, there is growing employment of low temperature coatings across different industry verticals can boost the market. However, the factor that may hamper the growth of market is that it is not suitable for thin film applications. There are various number of opportunities strengthening the growth of market such as low-temperature coatings suitable for temperature-sensitive components and growing demand from automotive industry in Asia-Pacific. The market may also face various challenges such as high humidity and complex shape of substrates might affect the performance of the market and various environment related challenges.
Based on the segmentation of the global low temperature coating market is divided into type, resin type, end-user, and region.
On the basis of type segment, the market is bifurcated into powder coating and liquid coating.
According to the resin type segment, it is further divided into epoxy, acrylic, polyurethane (PU), and others.
On the basis of end-user segment, the market is classified into oil & gas, automotive, manufacturing, construction, and others.
Key Question Answered: •What will be the market size in 2025 and at what rate it will grow? •Who are the major key players in global low temperature coating market and what are their strategies? •Which vertical industry is expected to show major growth? •What segment and region will lead the market and why?
The major companies profiled in the report include: PPG Industries, Inc., DuPont, Bowers Industrial, Axalta Coating Systems, DSM, The Valspar Corporation, Specialty Polymer Coatings Inc., Phygen Coatings, Inc., Michelman, Inc., and Vitracoat America.
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