High-Temperature Coatings Market Growth Prospects, Size, Regional Analysis and Forecast 2027

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The global High-Temperature Coatings Market is forecasted to grow at a rate of 3.9% in terms of value, from USD 3.84 billion in 2019 to reach USD 5.24 billion by 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.

High-Temperature Coatings Market Size – USD 3.84 Billion in 2019, Growth - CAGR of 3.9%, 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 RD 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.

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Top Companies: 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.

Further Key Finding from the Report Suggestion:

  • 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.
  • The Asia Pacific dominated the market for High-Temperature Coatings in 2019 due to the substantial growth in the building construction and automotive industries, especially in China, India, and Japan. Asia Pacific region held approximately 37.2% of the market, followed by Europe, which contains around 26.2% market in the year 2019.

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The global High-Temperature Coatings market is segmented into:

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:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

  • What are the dominating factors that are influencing the growth of the industry?
  • In the forecast period, which market segment is expected to rise the most?
  • What are the risks and challenges that the industry is facing?
  • In the coming years, which area is projected to dominate the market?
  • Who are the major players in the market?
  • What kind of strategic business plans have they made?

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