- Dispersion/Water-Based High Temperature Coatings
- Powder-Based High Temperature Coatings
- Solvent-Based High Temperature Coatings
High Temperature Coatings market size was valued at US$ 4.15 Bn in 2022, growing at a significant CAGR of 4.45% from 2023-2029. Some of the key factors that are responsible for market growth include increasing demand for high temperature coatings in developing countries, rising application of these coatings in automotive, technological improvements and substantial R&D spending. In addition, the opportunities for the high temperature coatings industry are leveraging technology requirements and rules in higher value sectors and targeting current as well as possible markets where high temperature coatings can be used.
The increasing demand for acrylic based Waterborne Coatings is additional key trend in the market as they provide better performance, easy handling, and low VOC emission. The increase in the popularity of this product is due to certain advantages such as excellent aesthetic maintenance, high processability, and better productivity. The increasing popularity and demand for water-borne high-temperature coatings will present immense growth opportunities for the global high-temperature coatings market. The restraints for the market include volatility in raw material prices and legislations curbing the use of hazardous chemicals. Epoxy, acrylic, Polyethersulfone, Polyester, and Alkydare some of the raw materials. Most of these raw materials are the downstream/byproducts of crude oil. Hence, high crude oil prices are expected to affect the prices of these raw materials.
Fastest Growing Market
There is a growing demand for water-borne high-temperature coatings chiefly due to their compliance with severe VOC emission control guidelines. The water-borne high-temperature coatings emit low levels of VOC and other hazardous air pollutants (HAPs). Furthermore, they provide better aesthetics and longer lifespan. In water-borne coatings, water is used to disperse the resin. This makes them environment-friendly and easy to apply. They generally contain 80% water, and the rest is composed of solvents such as glycol ethers. The manufacturers of water-borne high-temperature coatings are required to adhere to regulatory bodies in the US and Europe. As per the strict guidelines, water-borne coatings should only have VOC content less than 3.5 pounds per gallon of water.
Asia-Pacific is growing at the highest CAGR over 2018 - 2029.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.