High Temperature Coatings Market Overview
The report is titled as ‘High Temperature Coatings Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the High Temperature Coatings market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market.
High Temperature Coatings Introduction
As the term implies, high temperature coatings can be understood as those that have the capability to offer corrosion protection even in contempt of excessive heat. The industrial high temperature coatings are extensively employed in process-based facilities such as petrochemical plants, refineries, power plants and pulp and paper mills. These techniques generally comprise a large scale meshes of pipe that are required to be strenuously safeguarded from corrosion under insulation and distant from the bare eyes. As a result, it is crucial that facility managers are self-assured with regard to the effectiveness of their high temperature coatings. It is significant to note that the high temperature coatings basically depend, for protection, on the establishment of a thick and adherent surface oxide layer that is chemically firm, stiffens at a slow pace with time at temperature, and has fine adherence to the coating. Owing to all such beneficial properties, the high temperature coatings are estimated to witness high demand across the markets.
Moreover, these high temperature coatings are utilized to enhance the equipment's performance and longevity. They are used in a wide range of industries, particularly automobile, aerospace, petrochemical, coil, and others, attributing these attributes. Thus, the global high temperature coatings market is projected to witness significant growth over the coming years.
High Temperature Coatings Market Segmentation
The high temperature coatings market is segmented on the basis of resin type, end-use, and region.
By Resin Type
Epoxy phenolic coatings
Epoxy Novolac coatings
Others
Silicone coatings
Water-based silicon coating
Silicon hybrid coating
Modified silicone coatings
Others
Multi-polymeric matrix coatings
Polyether sulfone
Polyester
Acrylic
Alkyd
Others
By End Use
Chemical
Oil & Gas
Automotive
Passenger Cars
Light Commercial Vehicles
High Commercial Vehicles
Marine
Building & Construction
Residential
Commercial
Infrastructure
Industrial
Aviation
Others
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
High Temperature Coatings Market Key Players
Some of the key participating players in High Temperature Coatings market are:
Akzo Nobel NV
Wacker Chemie AG
Aremco Products, Inc.
Axalta Coating Systems
Belzona International Ltd.
Carboline Company
Chemco International Ltd.
General Magnaplate Corporation
Hempel A/S
Jotun A/S
PPG Industries, Inc.
The Sherwin-Williams Company
The Valspar Corporation
Weilburger Coatings GmbH
Whitford Corporation
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product developments and launches
High Temperature Coatings Adoption Rate, by End Use Industry
Top Companies Historical Growth Rate
Pricing Impact
Impact of Regulations
Advantages of High Temperature Coatings
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.
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The high temperature coatings market is estimated to reach at a value of US$ *** Mn by the end of 2022 and expected to reach at a value of US$ *** Mn by 2030 with a significant CAGR of ***%.
The base year for the report is 2021 in high temperature coatings market.
The high temperature coatings market is segmented on the basis of resin type, end-use, and region.
Some of the key participating players in High Temperature Coatings market are: Akzo Nobel NV, Wacker Chemie AG, Aremco Products, Inc., Axalta Coating Systems, Belzona International Ltd., Carboline Company, Chemco International Ltd., General Magnaplate Corporation, Hempel A/S, Jotun A/S, PPG Industries, Inc., The Sherwin-Williams Company., The Valspar Corporation, Weilburger Coatings GmbH, Whitford Corporation.
