Rising Energy Savings In End-Use Industries Is Expected To Drive The Global Low Temperature Powder Coatings Market
Global Low Temperature Powder Coatings Market: Overview
The global low temperature powder coatings market may have risen over the past few years, owing to the healthy competition among existing players. The players are seen competing on the basis of quality, price and variety. Low temperature powder coatings is formulated to form a complete cured coating at minimum oven temperatures. This coating benefits the chemical industries more than conventional liquid coatings as they produce much thicker coatings. Low temperature power coatings have no emissions of organic compounds which prevents them from running and sagging at the time of coating. The benefits of low temperature powder coatings are resistance to corrosion, resistance to abrasion and chipping, cost-effectiveness, durability, high-quality finish and shorter processing time.
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A recent report on the global low temperature powder coatings market by Transparency Market Research aims to present actionable insights to key stakeholders operating in it. The report goes ahead to examine in-depth the various influencing factors shaping the contours of the market. The report would also provide a peek into the competitive dynamics. It also highlights on the historical and current figures on sales and revenues. Using those data, the report also tries to unravel the growth pace of the global low temperature powder coatings market.
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Global Low Temperature Powder Coatings Market: Key Trends
Rise in energy savings due to lowering cure temperatures, rapid technological advancements and increasing size of end-use industries are believed to be driving the growth in global low temperature powder coatings market. The increasing usage of low temperature powder coatings on high temperature sensitive materials such as fiberboard, wood, composites, plastics and glass is projected to boost the global low temperature powder coatings market.
Due to the excellent physical properties, good flow properties, overbake stability and wear resistance, the low temperature powder coatings is a crucial milestone to the different chemical industries. It also offers performance and environmental benefits over other industries in laminating and coating systems. In the furniture industry, low temperature powder coatings provides surface protection and also used as surface finishing of aluminium and steel such as site furnishing and garden furniture.
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