High Temperature Coatings Market

High Temperature Coatings Market - Global Industry
Insights, Trends, Size, Share, Outlook, and
Opportunity Analysis, 2018-2026
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.
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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. 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
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 650OC 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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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, 2018-26