Low temperature powder coatings are a variety of powder coatings that are used due to their cost effective characteristics which requires lower amount of heat to cure and effectively coat the substrate. Conventional powder coatings are applied electrostatically and then applied on to the substrates or surfaces and subsequently cured under heat, which is a very tedious and expensive process because of the requirement of high temperatures. The cured coatings form a hard, tough coating to the surface essentially acting as a protective layer.
Global low temperature powder coatings market was valued at an estimated USD 3.74 billion in 2018; this value is projected to grow to an estimated USD 6.02 billion by 2026, registering a CAGR of 6.14% in the forecast period of 2019-2026. This growth of the market value can be attributed to the growth of the various end-users in the market resulting in growth of demand for the product.