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May 19, 2021
News provided by Share this article Share this article Amid the COVID-19 crisis, the global market for Low Temperature Powder Coatings estimated at US$3.3 Million in the year 2020, is projected to reach a revised size of US$4.1 Million by 2027, growing at a CAGR of 3.2% over the period 2020-2027. Non-Metal, one of the segments analyzed in the report, is projected to record 3.4% CAGR and reach US$3.3 Million 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 Metal segment is readjusted to a revised 2.6% CAGR for the next 7-year period. The U.S. Market is Estimated at $889.2 Thousand, While China is Forecast to Grow at 5.1% CAGR The Low Temperature Powder Coatings market in the U.S. is estimated at US$889.2 Thousand in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$798.1 Thousand by the year 2027 trailing a CAGR of 5.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 2.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR. Select Competitors (Total 40 Featured): Akzo Nobel N.V.
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