Press release
Augmented Need for Heat-Resistant Coatings in Petrochemical Applications to Bolster Europe High Temperature Coatings Market
Latest industry survey by Fact MR, predicts Europe High Temperature Coatings sales to swell at propelled CAGR through 2031, as chemical and materials sales gradually recover post disruptions caused by COVID-19. The report is aimed at furnishing insights into hidden growth opportunities and challenges. It also provides recommendations to aid businesses prep for unforeseen challenges.
The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.
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The report offers actionable and valuable market insights of Europe High Temperature Coatings. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Europe High Temperature Coatings across various industries and regions.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Europe High Temperature Coatings. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Europe High Temperature Coatings
This newly published and insightful report sheds light on Market Insights of Europe High Temperature Coatings, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Europe High Temperature Coatings.
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Gradual growth over the years has been witnessed in the high temperature coatings market in Europe. As these coatings are thermal-resistant layers, they find widespread application in several end-use sectors such as power generation, chemicals, aerospace, defence, water treatment, etc. These coatings help in improving the lifecycle of components and are effective in reducing their surface temperature, thus preventing corrosion and abrasion.
Exponential growth in industries such as defence, aerospace, petrochemicals, etc., is leading to high demand for high temperature coatings. The exclusive set of properties such as improving the horsepower of engines and providing insulation from high temperatures, along with continuous efforts by manufacturers to introduce a wide variety of products is catering to market growth.
In addition, rise in the number of manufacturing hubs and highly advanced supply chains are supporting high temperature coatings market growth across the European region.
Short Term (2022 Q2 to 2025): Advantages of high temperature coatings such as heat and corrosion protection, outstanding insulation, and advanced fire-retardant properties will fuel short-term market growth.
Medium Term (2025-2028): Escalated adoption of high temperature coatings in several application areas to support medium-term market growth.
Long Term (2028-2032): Long-term market growth to be supported by the incorporation of product innovation in coat
The European high temperature coatings market witnessed a CAGR of 2.5% during the years 2017-2021. The market is slated to progress at 3.9% CAGR across the forecast years 2022-2032, as per detailed industry analysis by Fact.MR, a market research and competitive intelligence provider.
Market share analysis based on technology and country is provided in a nutshell in the above image. Under the technology segment, water-based high temperature coatings dominated the market with 72.8% share in 2021.
Competitive Landscape
Key players in the European high temperature coatings market are focusing on introducing innovative coatings to protect components and products against resistance and corrosion.
Companies are also investing their resources into developing new protective coatings for electronic equipment from extreme temperature changes and rust.
These strategies, along with acquisitions and product portfolio expansion, are set to provide market players with a larger market pie share over the years ahead.
For instance :
AkzoNobel N.V. completed the acquisition of Grupo Orbis in 2022. The acquisition of a paints and coatings company based in Colombia is likely to strengthen the position of AkzoNobel in Latin America.
Hempel A/S acquired Farrow & Ball in 2021. It is an iconic decorative paint and wallpaper company, and this acquisition is to support the growth ambition of the company within the decorative segment.
Fact.MR has provided detailed information about the price points of key manufacturers of high temperature coatings positioned across countries in Europe, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Full Access of this Exclusive Report is Available at - https://www.factmr.com/checkout/7426
Europe High Temperature Coatings Industry Research by Category
Europe High Temperature Coatings Market by Type :
Silicone High Temperature Coatings
Acrylic Silicone
Aluminum Pigmented Silicone
Epoxy High Temperature Coatings
Epoxy Novolac High Temperature Coatings
Aluminum High Temperature Coatings
Polyurethane High Temperature Coatings
Perfluoroalkoxy Alkane High Temperature Coatings
PPS High Temperature Coatings
PTFE High Temperature Coatings
Others
Europe High Temperature Coatings Market by Technology :
Water-based High Temperature Coatings
Solvent-based High Temperature Coatings
Solid-based High Temperature Coatings
Europe High Temperature Coatings Market by Component :
Single Component
Two Components
Multiple Components
Europe High Temperature Coatings Market by Coating Surface :
Steel
Aluminum
Others
Europe High Temperature Coatings Market by Curing Mechanism :
Ambient-cured High Temperature Coatings
Heat-cured High Temperature Coatings
UV-cured High Temperature Coatings
Solvent-cured High Temperature Coatings
Europe High Temperature Coatings Market by Use Case :
New Construction
Repair-Rehabilitation
Europe High Temperature Coatings Market by Surface Temperature Range :
300°F-500°F
500°F-700°F
700°F-900°F
900°F-1100°F
1100°F-1300°F
1300°F-1500°F
1500°F-2000°F
2000°F-2500°F
2500°F-3000°F
3000°F-3200°F
Europe High Temperature Coatings Market by Application :
Oil & Gas Industry
Onshore
Pumps
Stacks
Flares
High Temperature Pipes
Heat Exchangers
Others
Offshore
Chimney Stacks
Flare Stacks
Steam Pipes
Single-Cavity Blowout Preventer
Heat Exchangers
Sub Sea Coolers
Others
Water & Wastewater Treatment
Boilers
Steam Pipes
Heat Exchangers
Plate Exchangers
Shell & Tube Heat Exchangers
Marine Industry
Marine Boilers
Engines
Reactor Compartments
Exhausts
Others
Mining Industry
Power Generation Industry
Petrochemical Industry
High Pressure Pumps & Vessels
Pumping Stations
Metering Pumps
High Temperature Liquid Transfer Pumps
Centrifugal Pumps
Flares
Stacks
Others
Chemical Industry
Boilers
Reactors & Other Processing Equipment
Tanks & Vessels
Steam Lines
High Temperature Solvent Transfer Lines
Threaded Connectors
Others
Aerospace Industry
Jet Pipes Interiors
Jet Engines
Nose Cowl Inlets
Turbines
Vents
Bushing
Rotary Joints
Cams
Others
Foundry & Refractories
Europe High Temperature Coatings Market by Country :
Germany
Italy
France
Spain
U.K.
NORDICS
BENELUX
Rest of Europe
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Report Benefits & Key Questions Answered
Europe High Temperature Coatings Company & brand share analysis: The report offers brand-share analysis on Europe High Temperature Coatings to offer a more in-depth competition deep-dive. This is intended at assisting companies at proactive long-term planning.
Europe High Temperature Coatings Historical volume analysis: Factors affecting sales in the past are analyzed in detail. The report also offers comparative analysis between growth trajectory exhibited in 2016-2020 and 2021-2031.
Europe High Temperature Coatings Category & segment level analysis: To offer a comprehensive analysis, the market identifies leading segments and highlights chief factors enabling growth across these categories.
Europe High Temperature Coatings Consumption by demographics: The demographic analysis is intended at providing recommendations to companies to help them create growth strategies around dynamic consumption patterns.
Europe High Temperature Coatings Manufacturing trend analysis: Manufacturing trend analysis is the key highlight of the study. It offers vital data on strategies adopted by market players to align their manufacturing strategies as per prevailing market trends.
Post COVID consumer spending on Europe High Temperature Coatings: The survey offers a chapter dedicated to analyzing post COVID consumer behavior. Changes in their spending pattern are carefully analyzed to offer insights into potential impact on Europe High Temperature Coatings
More Valuable Insights on Europe High Temperature Coatings
Fact.MR, in its new report, offers an unbiased Market Analysis of Europe High Temperature Coatings, Sales and Demand of Europe High Temperature Coatings, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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