High Temperature Coatings Market Information- by Resin Type (Epoxy, Silicone, Polyester, Acrylic, Alkyd, Others), Technology (Water, Solvent, Powder), End-Use (Aerospace, Automotive, Coil, Petrochemical, Marine, Metal, Stoves) – Forecast till 2023

Synopsis of High Temperature Coatings Market:

High Temperature Coatings are used to protect the materials from degradation by corrosion and oxidation. These coatings are either composed of organic or non-organic resins. They offer excellent adhesion with high corrosion and abrasion resistance. These coatings are applied to increase the durability and performance of the equipment. Owing to these factors, they are used in various applications such as aerospace, automotive, coil, petrochemical, and others.

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As per our analysis, the Global High Temperature Coatings Market is bifurcated into resin type, technology, and end-use. The market by resin type is further divided into epoxy, silicone, polyester, acrylic, alkyd, and others. Among these, the acrylic resin segment holds the major portion of the market on account of its growing use in end-use industries such as paints and coating, aerospace, marine, and others. The silicone resin segment is vastly used in food & beverages, construction and buildings, automotive, and chemical industries because its offer excellent ageing resistance and heat stability. Therefore, the extensive consumption of this resin is estimated to drive the market in the couple of years.

The water, solvent and powder segments are classified on the basis of technology in the market. Among these, the water segment is predicted to witness a rapid growth in the market due to its easy and convenient use. Additionally, the new rules and regulations implemented by the regional governments has fueled the powder segment to lead the market owing to the benefits offered by the product such as non-voc (Volatile Organic Component), long lasting and durable nature. Aerospace, automotive, coil, petrochemical, marine, metal, and stoves are segregated on the basis of end-use segment. Among these, automotive sector is the leading segment due to boundless use of High Temperature Coatings in producing high efficient and standard vehicles. Moreover, the growing use of High Temperature Coatings in pipe networks is projected to drive the market during the forecast period, 2017-2023.

Regional Analysis:

The High Temperature Coatings Market is segmented across five regions in the world namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market due to the growing demand for high temperature resistant coatings in aerospace, automotive, coil, petrochemical, and others. The automotive segment is predicted to witness a rapid growth in the market, due to the growing consumption of acrylic, epoxy and silicone resins to produce high standard and efficient vehicles in countries such as China, Japan and India. Owing to these factors, they are the major players in the market.

The North American region is growing significantly in the market due to the increasing demand for acrylic and epoxy resins in construction and buildings and automobile sectors. It is predicted that the rising awareness and regulations proposed by the government is set to drive the powder technology segment to lead the market during the forecast period. The growing demand of protection coatings in aerospace, electronics industries has propelled the countries such as the U.S., Canada and Mexico to achieve a stunning growth in the market.

European market has observed a remarkable growth in the market due to the increasing consumption of coatings in cookware products. It is estimated that the growing innovation and technological advancement has propelled the countries such as the U.K., Italy, Germany and France to observe a notable growth in the market during the forecast period.

The Latin American region is estimated to witness a recognized development in the market due to growing consumption of silicon resins and acrylic resins in chemical, construction & buildings, and energy sectors. 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.

Segmental Analysis:

The Global High Temperature Coatings Market is segmented into resin type, technology and end-use. On the basis of resin type, the market is further categorized into epoxy, silicone, polyester, acrylic, alkyd, and others. Among these, the acrylic resin segment holds a majority of the market share due to its extraordinary features offered by the product such as biocompatible, antioxidant, and corrosion resistance. The silicone segment is projected to witness a rapid growth due to its growing consumption in heavy end industries. The market by technology is further categorized into water, solvent and powder segments. Among these, the powder segment is accounted for major share in the market due to its growing use as a biocompatible and feasible product.

The strict and government regulations implemented by the regional governments has prompted manufacturers and investors to shift their focus from chemical coatings to powder based products. The water segment is estimated to witness a rapid growth in the market due to its extensive use in paints and coating industry. Aerospace, automotive, coil, petrochemical, marine, metal, and stoves and others are segregated on the basis of end-use segment. Additionally, it is predicted that the automotive segment is set to witness a higher CAGR during the forecast period.

Key Players:

Some of the prominent players operating in the Global High Temperature Coatings Market are AkzoNobel N.V. (the Netherlands), The Sherwin-Williams Company (U.S.), PPG Industries Inc. (U.S.), The Valspar Corporation (U.S.), Axalta Coating Systems (U.S.), Jotun (Norway), Aremco (U.S.), Carboline (U.S.), Hempel (Denmark), Belzona International Ltd. (U.K.), among others.

Geographical Analysis:

The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.

Intended Audience

High Temperature Coatings Manufacturers
Traders and Distributors of High Temperature Coatings
Production Process Industries
Potential Investors
Raw Material Suppliers
Nationalized Laboratory

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