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High Temperature Coatings Market

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High Temperature Coatings Market report categorizes global market by coating technology, resin type, and end-user - Global Industry Insights, Trends, Size, Share, Outlook, and Opportunity Analysis, 2017-25
High Temperature Coatings Market Global Industry Insights, Trends, Size,
Share, 2017-2025
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 150​O​C to 800​O​C. 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.
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.
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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 550​O​C. Polyesters tapes are used for masking
applications in high temperature equipment. Acrylic coatings offer decorative properties
such as color retention and gloss. They hold the largest market share in the HTC
market.
The largest end users are the energy and petrochemical industries due to use of
heater-treater, separators, furnaces and transport of heated material. HTCs help
decrease energy losses and reduce non-productive time. Automotive is also a major
end user, coatings are applied on engine components and decreases effect of heat
fatigue.
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.
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.
Middle East and North Africa are consolidated regions for oil and gas and
petrochemicals. A return to political stability of Iraq, Syria, and Iran are having crucial
advantage in the growth of the HTC market.
The companies are adopting various organic and inorganic growth strategies in order to
sustain their market position. Tnemec Co. launched Endura-Heat line of products that
offer CUI protection at 650​O​C with custom color matching available. 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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