- Dispersion/Water-Based High Temperature Coatings
- Powder-Based High Temperature Coatings
- Solvent-Based High Temperature Coatings
The Latin America High Temperature Coatings market estimated to be valued US$ XX Mn in 2021 and poised to grow at significant CAGR over 2022-2028. 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. Moreover, Latin American region is likely to witness a recognized development in the market due to growing consumption of silicon resins and acrylic resins in chemical, construction & buildings, and energy sectors. 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. This report gives comprehensive outlook on High Temperature Coatings across the globe with special emphasis on key countries such as Brazil, Mexico, Argentina, Venezuela and Rest of Latin America. This report gives historical, current, and future market sizes (US$ Mn) on the basis of Coating Technology, Resin Type, End User and region. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, Latin America High Temperature Coatings market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. The report also includes the total revenue and volume of each segment of the market. Moreover, PBI analyzed Latin America High Temperature Coatings market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in Latin America High Temperature Coatings products. This market is surging owing to frequent acquisitions and launchings by the market players. For instance, Axalta Coating Systems launched its new collection of Tufcote protective rail car coatings for the industrial rail car and transportation industry. The product line includes easy-to-apply, high-build coatings that deliver superior protection.
The increasing demand for acrylic based water-borne 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 Latin America high-temperature coatings market
2021 is the base year and 2028 is the forecast year.
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.