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Showing posts with the label High Temperature Coatings Market Trend

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 expe...