Middle East & Africa High Temperature Coatings Market was Valued at US$ XX Mn in 2018, Increasing Demand for High Temperature Coatings in Oil & Gas, Petrochemical, Energy and Aviation Sectors

Middle East & Africa High Temperature Coatings Market was Valued at US$ XX Mn in 2018, Increasing Demand for High Temperature Coatings in Oil & Gas, Petrochemical, Energy and Aviation Sectors

“The Middle East & Africa High Temperature Coatings Market was valued around US$ XX Mn by 2018 and growing at a significant CAGR over next seven years 2019-2025 owing to increasing demand for high temperature coatings in oil & gas, petrochemical, energy and aviation sectors”

The Middle East & Africa High Temperature Coatings market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Some of the key factors that are responsible for market growth include increasing demand for high temperature coatings in developing countries, rising application of these coatings in automotive, technological improvements and substantial R&D spending. In addition, the opportunities for the high temperature coatings industry are leveraging technology requirements and rules in higher value sectors and targeting current as well as possible markets where high temperature coatings can be used. Moreover, the Middle East & Africa is anticipated to witness a higher growth in the market due to increasing demand for high temperature coatings in oil & gas, petrochemical, energy and aviation sectors. Hence, market in countries of the Middle East and Africa are growing. However, volatility in raw material prices is hampering the market growth.

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Middle East & Africa High Temperature Coatings market segmented on the basis of basis of Coating Technology, Resin Type, End User and region.

Energy and Power Dominate the Middle East & Africa High Temperature Coatings Market

Based on the End User, Middle East & Africa High Temperature Coatings market segmented into Energy & Power, Wood stoves, Gas Stoves, and Barbecue Grills, Petrochemical & Chemical Industry, Metal Processing Industry, Marine, Cookware, Bake ware, and Small Appliances, Coil Coatings, Building & Construction, Automotive, Aerospace & Defense and Others. Equipment such as towers, heaters, furnaces, and ducts used in refinery and chemical plants are exposed to heat and high temperature environment. Rising concern towards equipment durability and downtime is projected to drive the demand for heat resistant coatings with improved color stability and corrosion resilience.
South Africa Leads the Middle East & Africa High Temperature Coatings market

PBI’s South Africa High Temperature Coatings market report analyses the market in different countries such as Gulf Cooperation Council (GCC) Countries, Israel, South Africa and Rest of MEA. Africa are consolidated regions for oil and gas and petrochemicals. A return to political stability is having crucial advantage in the growth of the HTC market.

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Launch of newer products, frequent product approvals, and strategic alliances are the key strategies adopted by market players

Middle East & Africa High Temperature Coatings market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, Axalta Coating Systems launched its new collection of Tufcote protective rail car coatings for the industrial rail car and transportation industry. The product line includes easy-to-apply, high-build coatings that deliver superior protection.

Key player’s profiles in the report are Whitford (U.S.), Weilburger Coatings GmbH (Germany), The Valspar Corporation (U.S.), The Sherwin-Williams Company (U.S.), PPG Industries Inc. (U.S.), Jotun A/S (Norway) Hempel (Denmark), Chemco International Ltd. (U.K.), Carboline (U.S.), Belzona International Ltd. (U.K.), Axalta Coating Systems (U.S.), Aremco (U.S.) and AkzoNobel N.V. (Netherlands).

Precision Business Insights (PBI) in its report titled “Middle East & Africa High Temperature Coatings Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.

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Detailed Segmentation

By Type
o Phenols
• Hydroquinone
• 2,6-di-t-butyl-4-methoxyphenol (BHT)
• O-alkylphenol
• Others
o Oximes
• Butyraldoxime
• 2-butanone ketoxime (methylethylketoxime (MEKO))
• Cyclohexanone oxime
o Others
• Solvents
• Retention Aids
By Application
o Sprayed
o Incorporation
o Solvent Borne
o Water Borne
By End User
o Decorative
o General Industrial
o Industrial Woods
o Printing Inks
o Pigment Dispersions
o Others
• Composites
• Automotive
Geography
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• Israel
• South Africa
• Rest of MEA

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152 – 160 City Road,
London EC1V 2NX

This release was published on openPR.