The report on the High Temperature Coatings market report includes future industry Trends, Size, Share, Past, current data and deep analysis, and forecast. This market offers a coordinated and orderly methodology for the most important aspects that have influenced the market within the past and also the forthcoming market prospects on which the organizations can rely upon before investing. It furnishes with an affordable examination of the marketplace for better decision-making and assessment to place resources into it. The report analyses the weather and an entire detailed outlook of the most players that are likely to feature to the demand within the global High Temperature Coatings market within the upcoming years.
The market study
additionally gives a to-the-point evaluation of the techniques and plans of
action that are being executed by the manufacturers and firms to contribute to High
Temperature Coatings market growth. A number of the foremost conspicuous
measures taken by the organizations are partnerships, mergers &
acquisitions, and collaborations to increase their overall reach. The key
players are likewise presenting newer product varieties within the market to
enhance the merchandise portfolio by embracing the new innovation and
completing it in their enterprise.
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Industry Insight:
High temperature coating
market was valued USD 3.27 billion in 2015 and is anticipated to achieve
moderate growth globally over the forecast period. The demand for the market is
increasing steadily owing to the growth of numerous end-use industries such as
cookware and bake ware, construction, and metal processing.
High temperature coatings
material can withstand a temperature of more than 150°C (302°F) while
protecting against corrosion. Depending upon the level of temperature
resistance required, coatings are composed of organic or inorganic materials
such as epoxy, epoxy novolac, silicone, and epoxy phenolic. Fire proofing plays
a vital part in buildings and other structures as it protects structured steel
and other building parts.
However, the construction
sector is hampered by the lack of synergy in building codes for different
companies. Stable regulatory norms help the coatings manufacturers to enhance
their investments in R&D.
Regulatory & government
agencies such as UL, ANSI, NFPA, and ASTM issues guidelines and standards for
testing and formulation of the coating ingredients. Fatal incidents due to fire
outburst in industrial as well as in residential area which causes occupational
injuries has led multiple revisions in safety policies to minimize the losses
by integrating flame repulsive inorganic agents in materials of the coating.
Properties to resist high temperature shown by phosphorous, silicon and halogen
based products have made them quite significant.
Technology Insights
The liquid-based technology
was the largest technology segment in 2015 which accounted for over 75%. The
industrial trend is shifting towards non-solvent based technologies with the
adoption of waterborne and powder based products in various sectors.
With minimum environmental
impact due to low VOC content, surging demand for effective products is
anticipated to drive waterborne high temperature coatings demand over the next
eight years.
Strict ecological
regulations for using solvent based products have led coating manufacturers to
shift focus towards powder-based products. Powdered coatings are anticipated to
be the fastest developing formulation technology by 2024.
Higher utilization rates
and application ease are a major driver of powder coating market over the
forecast period. This segment is expected for a net demand of over 95-kilo tons
by 2024.
End-Use Insights
Around 16% of the total
revenue in 2015 was generated from Energy & power sector which was the
leading end-use segment. Growing concern towards equipment durability and
downtime is expected to drive the demand for heat resistant coatings with
enhanced color stability and corrosion resilience.
Metal processing segment
was the second major end-use segment for coatings market in 2015. Demand in
this segment has been increasing owing to increasing demand for metal equipment
in the commercial and industrial sector.
Various applications
include heavy equipment, machine and metal piping for agricultural, forestry,
waste treatment facilities, and manufacturing. U.S. demand for the market in
automotive sector was valued over USD 60 million in 2015 and is estimated to
grow at a CAGR of 3.6% from 2016 to 2024. The coating protects from corrosion
and acts as a thermal barrier on automobile components.
Regional Insights
Asia Pacific was the
largest market and accounted for more than 35% of total volume in 2015. Steady
growth in automotive & construction sectors especially in India, China, and
Japan is anticipated to drive the demand in the region. European coatings
accounted for more than 30% of the market in 2015 globally.
However, slow growth
observed for numerous end-user such as aerospace, construction, and oil &
gas, in the European region is anticipated to obstruct market and consequently,
lose their share in the industry over the forecast period.
North America high
temperature coatings market is anticipated to grow at a CAGR of 4.0% from 2015
to 2024. Increasing application of these products in major end-use industries
including electronics, automobile, energy, and construction sectors have
contributed significantly to the growth in this region. Renewal of reforms to
incorporate thermally efficient materials and environment-friendly materials
are expected to play a major role in steering product demand in the region.
Table of Contents:-
Chapter 1 Methodology and
Scope
Chapter 2 Executive Summary
Chapter 3 High Temperature
Coatings: Market Variables, Trends & Scope
Chapter 4 High Temperature
Coatings: Product Estimates & Trend Analysis
Chapter 5 High Temperature
Coatings: Application Estimates & Trend Analysis
Chapter 6 High Temperature
Coatings: End-use Estimates & Trend Analysis
Chapter 7 High Temperature
Coatings: Industrial End-use Estimates & Trend Analysis
Chapter 8 High Temperature
Coatings: Regional Estimates & Trend Analysis
Chapter 9 Competitive
Landscape
Chapter 10 High Temperature
Coatings: Manufacturers Company Profiles
Top Key Players of High
Temperature Coatings Market:
Valspar Corporation,
Carboline Company, General Magnaplate Corporation, Hempel AS, Chemco
International, Whitford Corporation, Weilburger Coatings GmbH, Belzona
International Ltd. and Aremco Products Inc.
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