HOME › Press Releases › High Temperature Coatings Market worth 4.24 Billion USD by 2020
High Temperature Coatings Market worth 4.24 Billion USD by 2020
The report “High Temperature Coatings Market by Resin Type (Epoxy, Silicone, Poyester, Acrylic, Alkyd & Others), by Technology (Water, Solvent, & Powder), by Application (Petrochemical, Metal, Stoves, Marine, Automotive, Coil, Aerospace) & by Region - Global Forecast to 2020” report analyzes the global high temperature coatings market with respect to market drivers, restraints, opportunities, and challenges in different regions.
Browse 88 market data Tables and 52 Figures spread through 169 Pages and in-depth TOC on "High Temperature Coatings Market by Resin Type (Epoxy, Silicone, Poyester, Acrylic, Alkyd & Others), by Technology (Water, Solvent, & Powder), by Application (Petrochemical, Metal, Stoves, Marine, Automotive, Coil, Aerospace) & by Region - Global Forecast to 2020"
Early buyers will receive 10% customization on reports.
High temperature coatings are designed to withstand temperatures above 150°C (302°F) while providing protection against corrosion. Composed of either organic or inorganic materials, high temperature coating resins could either be an epoxy, epoxy phenolic, epoxy novolac, silicone, or a more specialized multi-polymeric matrix depending on the level of temperature resistance required.
The drivers identified for the high temperature coatings market are growing power & chemical plants and oil & industry, cookware, bakeware, & small appliances, woodstoves, gas stoves & barbecue grills, marine, automotive, and aerospace industries. Countries such as China, U.S., and India, are the major markets of high temperature coatings. The market in countries of the Middle East and Africa are also growing. In developed countries such as the U.S., Spain, Germany, Japan, and Italy, the market is growing at a low-to-moderate rate.
Asia-Pacific is the largest market for high temperature coatings, both in terms of volume and value, followed by North America and Western Europe. The key players in this market are AkzoNobel N.V. (Netherlands), The Sherwin-Williams Company (U.S.), PPG Industries Inc. (U.S.), The Valspar Corporation (U.S.), Whitford (U.S.), Weilburger Coatings GmbH (Germany), Axalta Coating Systems (U.S.), Jotun A/S (Norway), Aremco (U.S.), Carboline (U.S.), Hempel (Denmark), Belzona International Ltd. (U.K.), and Chemco International Ltd. (U.K.) among others.
The high temperature coatings market, in terms of value and volume, is estimated by considering the current and future projections according to the economic and industrial outlook. This analysis also covers important developments, expansions, partnerships & agreements, and mergers & acquisitions of the leading global companies.
The market size, in terms of value, of high temperature coatings was estimated to be about USD 3.39 Billion in 2015 and is projected to reach USD 4.24 Billion by 2020, at a CAGR of 4.56% between 2015 and 2020.
The drivers for the growth of the high temperature coatings market include the end-use industries, shift in preference toward solvent-free high temperature coatings, and the increased demand for high temperature coatings from the Asia-Pacific region. The restraints for the market include volatility in raw material prices and legislations curbing the use of hazardous chemicals. The opportunities for the high temperature coatings industry are leveraging technology requirements and regulations in higher value sectors and targeting current as well as potential markets where high temperature coatings can be used.
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India