Pune, India -- (SBWIRE) -- 10/26/2018 -- Segmental Analysis:

The Global High Temperature Coatings Market is segmented 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. Among these, the acrylic resin segment holds a majority of the market share due to its extraordinary features offered by the product such as biocompatible, antioxidant, and corrosion resistance. The silicone segment is projected to witness a rapid growth due to its growing consumption in heavy end industries. The market by technology is further categorized into water, solvent and powder segments. Among these, the powder segment is accounted for major share in the market due to its growing use as a biocompatible and feasible product. The strict and government regulations implemented by the regional governments has prompted manufacturers and investors to shift their focus from chemical coatings to powder based products. The water segment is estimated to witness a rapid growth in the market due to its extensive use in paints and coating industry. Aerospace, automotive, coil, petrochemical, marine, metal, and stoves and others are segregated on the basis of end-use segment. Additionally, it is predicted that the automotive segment is set to witness a higher CAGR during the forecast period.

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Key Players:

Some of the prominent players operating in the Global High Temperature Coatings Market 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.

Geographical Analysis:

The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.

Intended Audience

High Temperature Coatings Manufacturers
Traders and Distributors of High Temperature Coatings
Production Process Industries
Potential Investors
Raw Material Suppliers
Nationalized Laboratory

Regional Analysis:

The High Temperature Coatings Market is segmented across five regions in the world namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market due to the growing demand for high temperature resistant coatings in aerospace, automotive, coil, petrochemical, and others. The automotive segment is predicted to witness a rapid growth in the market, due to the growing consumption of acrylic, epoxy and silicone resins to produce high standard and efficient vehicles in countries such as China, Japan and India. Owing to these factors, they are the major players in the market.

The North American region is growing significantly in the market due to the increasing demand for acrylic and epoxy resins in construction and buildings and automobile sectors. It is predicted that the rising awareness and regulations proposed by the government is set to drive the powder technology segment to lead the market during the forecast period. The growing demand of protection coatings in aerospace, electronics industries has propelled the countries such as the U.S., Canada and Mexico to achieve a stunning growth in the market.

European market has observed a remarkable growth in the market due to the increasing consumption of coatings in cookware products. It is estimated that the growing innovation and technological advancement has propelled the countries such as the U.K., Italy, Germany and France to observe a notable growth in the market during the forecast period.

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