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High Temperature Coatings Market Strongly Driven by Rising Global Demand

Surging thermally efficient coatings requirement that can protect industrial and commercial equipment in moderate to extreme temperature conditions is expected to drive industry growth over the next eight years.

The Global High Temperature Coatings Market is expected to reach USD 4.74 billion by 2024, according to a new report by Grand View Research, Inc.


Technological innovations and significant R&D spending by key industry participants regarding commercializing single-component coatings for multiple applications is anticipated to stimulate market growth over the forecast period. Companies have been constantly involved in developing finished products which can be used for wide range of operating temperatures ranging from 150 degrees Celsius to 750 degrees Celsius in addition to providing corrosion resistance.

High temperature coating demand in cookware is anticipated to emerge as fastest growing end-use segment over the forecast period. In terms of demand, the sector is expected to grow at a CAGR of 5.5% over the forecast period.

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Major appliances such as bakeware, induction appliances, and food processors have gained significance in commercial and residential sectors. This segment has witnessed significant growth in France, Japan, and South Korea owing to growing awareness towards innovative cooking technologies that sustain the nutrient levels of the food.

Top Players of High Temperature Coatings Market:

Key players operating in the global industry include BASF, PPG Industries, Sherwin-Williams, Axalta Coating Systems, Jotun AS, and AkzoNobel NV. Major strategy adopted by the global players includes sourcing of raw materials at low cost thereby enhancing their profit margin and gain competitive edge over other industry participants.

Market Segmentation of High Temperature Coatings Market:

The Global High Temperature Coatings Market segmented on the basis of Product, Technology and End-Use.

By Product:

    Epoxy
    Silicone
    Polyethersulfone
    Polyester
    Acrylic
    Alkyd

By Technology:

    Solvent borne
    Waterborne
    Powder

By End-Use:

    Energy & Power
    Metal processing
    Cookware appliances
    Stoves & grills
    Marine
    Automotive
    Coil coating
    Aerospace
    Building & Construction

Inquire about High Temperature Coatings Market with Our Experts @ https://www.grandviewresearch.com/inquiry/3041
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