High Temperature Coatings Market, Intelligence Study for Comprehensive InsightsPosted by sachi kaushik on March 22nd, 2021 High temperature coatings are gaining rapid traction since the past decade, owing to their resistance to high-temperature corrosion and oxidation. Other exclusive properties such as flexibility in terms of thickness and composition of coatings, high ductility, and others, are making them highly sought-after in metal processing, coil coatings, automotive, and other industries. For more insights into the Market, Request a Sample of this Report@ https://www.factmr.com/connectus/sample?flag=S&rep_id=5532 According to a report titled “Global Steel Report”, published by the International Trade Administration on 1st November 2019, global crude steel production has been growing in a majority of years since 2006. As per the report, in 2014, global production hit a then record high of 1.67 billion metric tons, while it increased to 1.80 billion metric tons in 2018, a new record. While these statistics depict high potential from the steel industry, which is a part of the metal processing industry, especially for epoxy resins, it also indicates the growth scope awaiting high temperature coating manufacturers in the years to come. According to Fact.MR, the global high temperature coatings market is predicted to ascend at over 4% CAGR during the forecast period of 2021 to 2031. Key Takeaways from High Temperature Coatings Market Study
“With demand from key end-use industries such as automotive, stoves & grills, metal processing, and others skyrocketing, high temperature coating manufacturers are resorting to consolidation as a key for better inventions in order to increase their sales footprint,” says a Fact.MR analyst. Rise in Demand from Automotive Industry Fuelling Sales With increase in requirement for automotive and diesel engines to run cleaner and more efficiently than ever before, the need for thermal management and high temperature-resistant coatings is rising rapidly. High temperature coatings are an integral part of the automotive sector, as they are required in various applications such as-
As a result, steady growth of the automotive industry is working in favor of stakeholders in the high temperature coatings industry. According to a report titled “Automotive Industry Spotlight”, published by Select USA, the United States has one of the largest automotive industries in the world, while in 2018, U.S. light vehicle sales reached 17.2 million units. This implies higher demand for high temperature coatings over the coming years. Who is Winning in this Space? The global high temperature coatings market is becoming tougher in terms of competition with each passing year. In order to sail through the cut-throat competition, key players are launching a variety of quality products. For instance,
More Valuable Insights on High Temperature Coatings Market In its latest report, Fact.MR offers unbiased analysis of the global high temperature coatings market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of application (aerospace & defense, automotive, coil coatings, petrochemicals, marine, metal processing, stoves & grills, and other applications) and resin (epoxy, silicone, polyester, acrylic, alkyd, and other resin types), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA). About the Chemicals & Materials Division at Fact.MR Expert analysis, actionable insights, and strategic recommendations of the highly seasoned Chemicals & Materials team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analyzed the Chemicals & Materials industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help. About Us: Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner. Contact: US Sales Office: 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583 Corporate Headquarter: Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A, Jumeirah Lakes Towers, Dubai, United Arab Emirates Email: sales@factmr.com Like it? Share it! More by this author |