Low Temperature Coatings

Low Temperature Coatings

Global Low Temperature Coatings Market to Reach $6.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Low Temperature Coatings estimated at US$4.4 Billion in the year 2020, is projected to reach a revised size of US$6.4 Billion by 2027, growing at aCAGR of 5.5% over the period 2020-2027. Powder-Based, one of the segments analyzed in the report, is projected to record 5.8% CAGR and reach US$3.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Liquid-Based segment is readjusted to a revised 5.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 8.5% CAGR

The Low Temperature Coatings market in the U.S. is estimated at US$1.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2027 trailing a CAGR of 8.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.We bring years of research experience to this 9th edition of our report. The 282-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,

• Axalta Coating Systems LLC
• Bowers Industrial Coatings & Linings
• Forrest Technical Coatings
• Platinum Phase Sdn Bhd
• PPG Industries, Inc.
• Specialty Polymer Coatings Inc.
• Tulip Paints
• Valspar Corporation
• Vitracoat America Inc.

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