Market Overview:
Hot Temperature Coatings are the protective coverings which
are applied on materials or equipment to provide the substrate, protection from
corrosion and abrasion. It has various significant properties such as excellent
UV resistance, anti-oxidative property, and reduced thermal fatigue. It is used
to provide flexibility, comfort, and biocompatibility to the product.
Get Sample Report@ https://www.marketresearchfuture.com/sample_request/4769
The Global High Temperature Coatings Market Size has been
driven by its growing consumption in various sectors such as aerospace,
automotive, coil, petrochemical, marine, metal, and stoves. Moreover, it is
estimated that the automotive segment is set to witness the highest growth in
the market due to rising substitution of heavy metals by lightweight materials.
Competitive Analysis:
Some of the major players functioning in the Global High
Temperature Coatings Market Size 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.
Market Segmentation:
The Global High
Temperature Coatings Market Size is segregated 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. The
most widely used resin type in the market is acrylic, due to its growing
consumption in construction and buildings, petrochemical and electronics
industries. It is predicted that the silicone segment is set to grow at a
higher CAGR due to its increasing use as a covering in food & beverages
industry and the benefits offered by the product such as ageing resistance and
heat stability.
On the basis of Technology, the market is segmented
into water, solvent and powder. Between these, the powder based product is the
leading segment in the market and is anticipated to observe a rapid growth due
to its non-toxic and reliable nature over chemical products. Moreover, the
growing demand of protection coatings in paints & coating, ink industries
is likely to fuel the water based products during the assessment period.
Segmental Analysis:
The Global High Temperature Coatings Market Size is spanned
across five key regions of the world namely Asia Pacific, North America,
Europe, Latin America, and the Middle East & Africa. Among these, Asia
Pacific holds a major portion of the global market and is anticipated to
continue its dominance due to rising demand for High Temperature Coatings in
various applications. Countries such as China, Japan and India are the major
players in this region. The North America region is estimated to witness a
higher growth in the U.S., Canada and Mexico owing to increasing demand
for protection coverings in aerospace, automotive, and energy
sectors. A recognized growth is observed in the European region owing to the
growing consumption of protection coatings in kitchenware applications such as
non-stick pans, cookers, and other equipment. Moreover, it is projected that
the advancing research & development of product in the market has propelled
this region to witness a significant growth in Germany, the U.K. and Italy.
The Middle East & Africa is estimated to observe a
significant growth due to increasing consumption of High Temperature Coatings
in oil & gas, petrochemical and automobile industries. Additionally, the
growing demand of silicon and acrylic resins in architectural, paints and
coating industries is projected to boost the market in the Latin American
region.
Access Complete Report @ https://www.marketresearchfuture.com/reports/high-temperature-coatings-market-4769
No comments:
Post a Comment