Wednesday, June 16, 2021

High-Temperature Coatings Market Size Analysis, Industry Outlook, & Region Forecast, 2020-2027


The need for thermally useful coatings that can secure industrial and commercial machinery under moderate to intense temperature conditions is anticipated to propel the High-Temperature coatings industry in the years to come.

Market Size – USD 3.84 Billion in 2019, Market Growth - CAGR of 3.9%, Market Trends – High demand from developing nations.

The global High-Temperature Coatings Market is forecast to reach USD 5.24 Billion by 2027, according to a new report by Reports and Data. Technological advances and substantial R&D investment in marketing single-component coatings for multiple applications by key industry players are anticipated to fuel demand growth over the expected period. Industries have been actively engaged in the production of finished goods, which, in addition to having corrosion resistance, can be used for a broad range of operating temperatures ranging from 150 degrees Celsius to 750 degrees Celsius. Over the forecast period, High-Temperature coating demand in cookware is projected to emerge as the fastest increasing end-use market. Throughout industrial and residential markets, large appliances such as bakeware, electric machines, and food processors have grown throughout significance. This segment has seen significant growth in France, Japan, and South Korea as a result of increasing awareness for innovative cooking technologies that sustain the food's nutrient levels.

Regulatory & policy bodies such as UL, ANSI, NFPA, and ASTM issue coating product checking and formulation guidance and requirements. Fatal fire accidents in both manufacturing and suburban environments involving casualties to the workers have contributed to many changes of protection measures to reduce risks by incorporating flammable inorganic agents into products of the coating. Properties demonstrated by phosphorous, silicon, and halogen-based goods to survive High-Temperature have rendered them very important. High-temperature substance coatings can tolerate temperatures over 150° C (302° F) while protecting against corrosion. The layers are composed of organic or inorganic materials such as epoxy, epoxy novolac, silicone, and epoxy phenolic depending on the degree of temperature resistance needed. Fireproofing plays an essential role in buildings and other structures as it protects regulated steel and other parts of the building. The construction sector, however, is hampered by the lack of synergy in constructing codes for various companies. Stable regulatory requirements enable the producers of coatings to develop their R&D investments.

Key participants include Aremco Products Inc., General Magnaplate Corporation, Axalta Coating Systems, Belzona International Ltd., Chemco International, Weilburger Coatings GmbH, Valspar Corporation, Sherwin-Williams, Whitford Corporation, and Carboline Company, among others.

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  Further key findings from the report suggest

  • Based on the technology, Poly-Ether-Sulfone generated a revenue of USD 0.84 billion in 2019 and believed to rise with a CAGR of 4.6% in the forecast period due to the increasing demand for the product can be attributed to its physical characteristics such as increased adhesion of metals, long-term thermal stability, and transparency.
  • The powder coatings expected to grow with a CAGR of 3.5% in the forecasted period attributable to the significant advantages associated, including higher usage levels and ease of use coupled with the strict environmental regulations concerning solvent-based products.
  • The energy & power application is the major contributor to the High-Temperature Coatings Market. The energy & power sectors of the Asia Pacific region are the major shareholder of the market and held around 20.6% of the market in the year 2019, due to the growing concerns about equipment durability with increased corrosion resilience, and color stability.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/high-temperature-coatings-market

For the purpose of this report, Reports and Data have segmented into the global High-Temperature Coatings market on the basis of technology, product, application, and region:

Technology Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

  • Waterborne
  • Powder

Product Outlook (Volume, Kilotons; 2017-2027, Revenue, USD Billion; 2017-2027)

  • Poly-Ether-Sulfone
  • Acrylic
  • Epoxy
  • Polyester
  • Others

Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

  • Energy & Power
  • Metal Processing
  • Cookware
  • Marine
  • Automotive
  • Aerospace
  • Building & Construction
  • Others

Regional Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

  • North America
  • Europe
  • Asia Pacific
  • MEA
  • Latin America

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Table of Content:

Highlights of the TOC:

Chapter 1. Market Synopsis
    1.1. Market Definition
    1.2. Research Scope & Premise
    1.3. Methodology
    1.4. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. High-Temperature Coatings Market Segmentation & Impact Analysis
    4.1. Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
          4.2.3. Market restraints analysis
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. ETOP Analysis
    4.6. Porter’s Five Forces Analysis
    4.7. Competitive Metric Space Analysis
    4.8. Price trend Analysis
    4.9. Customer Mapping

Chapter 5. Competitive Landscape
    5.1. Market Revenue Share By Manufacturers
    5.2. Manufacturing Cost Breakdown Analysis
    5.3. Mergers & Acquisitions
    5.4. Market positioning
    5.5. Strategy Benchmarking
    5.6. Vendor Landscape

Continue……

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