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High Temperature Coatings Market

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High Temperature coatings or HTCs are used to protect the systems which subjected to high temperature conditions on a regular basis. They are designed to withstand temperatures from 150OC to 800OC. The use of HTCs helps in reducing heat losses, keep
High Temperature Coatings Market Global Industry Insights, Trends, Size, Share, Outloo
k, and Opportunity Analysis, 2017-25
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REPORT DESCRIPTION
High Temperature coatings or HTCs are used to protect the systems which subjected to high temperature conditions on a
regular basis. They are designed to withstand temperatures from 150OC to 800OC. The use of HTCs helps in reducing heat
losses, keep corrosion under insulation (CUI) in check, reduce thermal fatigue and maintain efficiency. CUI is the
petrochemical industry’s worst complication. It occurs when moisture seeps into the insulation and the high temperature
condition is optimal for corrosion. The application of HTCs helps keep the effect of moisture to a minimum and
subsequently translates into energy and cost savings.
Low consumer awareness in medium and small scale industries about high temperature corrosion risks is a major challenge
for market players. Moreover, raw material availability is dependent upon the oil industry.
High Temperature Coatings Market Taxonomy
On basis of Coating Technology
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Liquid Coating
Solvent borne
Water borne
Powder Coating
Others (Laser, Radiation-cured etc.)
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REPORT DESCRIPTION
On basis of End User:
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Energy & Power
Oil and Gas
Solar
Wind
Petrochemical & Chemical Industry
Automotive
Coil Coatings
Aerospace & Defense
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Liquid Coatings, either hand applied or sprayed is losing its market, though, it is preferred over powder coatings when
specialized paint colors and tolerances are required. Powder coatings offer better durability, toughness and have the
environmental advantage of not having any solvents or VOCs. Epoxy phenolic coatings have high heat and chemical
resistance are widely used as coatings in refineries, power generation and secondary containment. Silicone coatings can
withstand high temperatures over 550OC. Polyesters tapes are used for masking applications in high temperature
equipment.
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High Temperature Coatings Market Outlook:
Asia Pacific is the fastest growing and the largest market for high temperature coatings. The petrochemical industry has a
marked shift from North America to India and China, due to low cost of labor and close proximity to major oil producing
Middle East nations. Furthermore, energy, cookware and automobile markets have also grown due to population boom. This
has driven demand for HTCs.
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North America has augmented HTC market growth, due to growing energy, automobile, electronics and construction sector.
Increased shale gas production has driven growth the petrochemical industry as well. High thermal efficiency in chemical
processing can help the manufacturers in this region to compete with low-cost products made in Asia. Europe is expected to
lose its market share during forecast period due to decline of end-user industries.
In Latin America, the growth of HTC market can be attributed to the energy and automotive industry. Brazil is expected to
strongly drive growth in both E&P and refining. Political uncertainties and regulatory complications are hindering growth in
other countries of the region. The key players in this market include Jotun A/S, Aremco, AkzoNobel N.V., Hempel, Belzona
International Ltd., The Sherwin-Williams Company, PPG Industries Inc., The Valspar Corporation, Whit ford, Weilburger
Coatings GmbH, Axalta Coating Systems, Carboline, Chemco International Ltd.
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Author
Mayuri Deore
Mayuri Deore51   document Email
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