High-Temperature Coatings Market Size, Revenue, Trends, Competitive Landscape Study & Analysis, Forecast To 2027

The latest report published by Reports and Data is a work of meticulous research on the global High-Temperature Coatings industry. It delves into the core structure of the industry to highlight its key segments and various micro-economic and macro-economic factors that influence industry growth. 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.

The global materials & chemicals industry involves the manufacture and distribution of raw materials including fossil fuels (coal, petroleum, and natural gas), paper & pulp, metals & minerals, paints & coatings, plastics, construction materials, industrial chemicals (organic and inorganic), specialty chemicals, commodity (bulk) chemicals, and agrochemicals. Rapid industrialization, fast-paced urbanization, and extensive use of chemicals and raw materials in the oil & gas, buildings & construction, electronics, pharmaceutical, food & beverage, cosmetics & personal care, manufacturing, and textile industries are major factors propelling the industry revenue growth. Rising concerns about the harmful environmental impact of conventional chemicals, growing demand for eco-friendly and sustainable materials and chemicals, and increasing government investments in infrastructural development are the other key factors contributing to industry growth during the forecast period.

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The COVID-19 impact:
While the COVID-19 epidemic is rising, manufacturers are gradually adapting their production and purchasing strategies to fulfill the challenges of a pandemic that has created market-based High-Temperature Coatings needs. There will be a series of negative and positive disruptions over a few months as retailers and their suppliers respond to growing customer demands. With an unhealthy global situation, several states look vulnerable to export-dependent economies. Because of a lack of downwind demand, the effect of this pandemic would transform the global High-Temperature coatings industry, some manufacturing plants either shut down or decrease their capacity. Others, however, stopped their output by their respective governments as a precautionary move to prevent the spread of the virus. For other nations, by looking at the severity of the crisis and the consequent behavior of the state officials themselves, customers are centered on becoming more important. Market dynamics in Asia Pacific countries have become chaotic in all of these situations, collapsing frequently and finding it impossible to stabilize.

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
Carboline Company

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.

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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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

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Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
North America
Europe
Asia Pacific
Latin America
MEA

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