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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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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