In-depth Analysis of the COVID-19 Impact on High Temperature Coatings Market

The high temperature coatings market, along with its applications, witnessed a moderate to high growth in the past few years and is likely to continue so in the in the coming years. This growth is mainly driven by the growing application sectors of power & chemical plants and oil & gas, metal processing, cookware, stoves, and automotive industries in Asia-Pacific.
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Asia-Pacific is the biggest and the fastest-growing market for high temperature coatings. The dominance of the market by Asia-Pacific is attributed to the growing demand for automobiles in India, China, Japan, and South Korea. North America and Europe are mature markets and are expected to register low-to-moderate CAGR compared to Asia-Pacific.
♦ Major Key Players -
Asia-Pacific is the largest market for high temperature coatings, both in terms of volume and value, followed by North America and Western Europe. The key players in this market are AkzoNobel N.V. (Netherlands), The Sherwin-Williams Company (U.S.), PPG Industries Inc. (U.S.), The Valspar Corporation (U.S.), Whitford (U.S.), Weilburger Coatings GmbH (Germany), Axalta Coating Systems (U.S.), Jotun A/S (Norway), Aremco (U.S.), Carboline (U.S.), Hempel (Denmark), Belzona International Ltd. (U.K.), and Chemco International Ltd. (U.K.) among others.

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On the basis of application:

• Power & chemical plants and oil & gas industry
• Metal processing industries
• Cookware, bakeware, and small appliances
• Woodstoves, gas stoves, and barbecue grills
• Marine
• Automotive
• Coil coatings
• Aerospace & defense
• Building & construction
• Others (electrical utilities, ceramic & glass manufacturing, nuclear industry, cement industry, waste treatment, and coal gasification)

On the basis of coating technology:

• Solvent-based
• Dispersion/Water-based
• Powder-based

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