High temperature coating materials have high demand from various end-use industries. In addition, rising demand for high temperature coatings from construction, oil & gas, and automotive industry is projected to drive growth of the global high temperature coatings market over the forecast period.
The global high temperature coatings market report has been segmented on the basis of resin type, technology, end-use application, and region.
On the basis of resin type, the global high temperature coatings market has been segmented into polyethersulfone, alkyd, epoxy, acrylic, silicone, and others (urethane, vinyl ester, and alkyd). The acrylic coating segment is expected to account for major share in terms of revenue in the global high temperature coatings market during the forecast period. However, polyethersulfone segment is estimated to register highest CAGR over the forecast period in terms of revenue, owing to its physical characteristics such as transparency, enhanced metal adhesion, and long-term thermal stability.
On the basis of application, the global high temperature coatings market has been segmented into automotive, aerospace & defense, marine, building & construction, and others (electrical utilities, ceramic & glass manufacturing, cement industry, and waste treatment). The water-based segment is anticipated to account for major share in the global high temperature coatings market in terms of revenue, owing to its low VOC emissions, low HAP emissions, and low toxicity.
On the basis of region, the global high temperature coatings market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Market in Asia Pacific is estimated to account for significant revenue share in the global high temperature coatings market, and is anticipated to register highest growth in terms of revenue in the next seven years, owing to increasing demand for automotive, oil & gas, and construction industries in various developing economics such as India and China in this region.
Key players operating in the global market include Akzo Nobel N.V., The Sherwin-Williams Company, PPG Industries, Inc., The Valspar Corporation, Carboline Company, Axalta Coating Systems, Aremco, Belzona International Ltd., Chemco International Ltd., and Weilburger Coatings GmbH.