Global High-Temperature Coatings Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global High-Temperature Coatings Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global High-Temperature Coatings market finds that the global High-Temperature Coatings market reached a value of USD 4702.09 million in 2022. It’s expected that the market will achieve USD 6263.0 million by 2028, exhibiting a CAGR of 4.89% during the forecast period.

Product Innovation

More and more protection functions and developments, such as prevention of high temperatures, UV radiation and various other protection features provided by manufacturers, are the main factors that are expected to drive the growth of the global high temperature coatings market during the forecast period.

Increasing downstream demand

The high temperature coating acts as a thermal barrier on the engine components and protects the metal substrate from corrosion, minimizing frequent maintenance requirements. There is growing concern about the stability of automotive components in racing and sporting activities, which has prompted automakers to use heat-resistant coatings that have enhanced adhesion and heat resistance over a wide temperature range.
The high temperature coating acts as a thermal barrier on the engine components and protects the metal substrate from corrosion, minimizing frequent maintenance requirements. There is growing concern about the stability of automotive components in racing and sporting activities, which has prompted automakers to use heat-resistant coatings that have enhanced adhesion and heat resistance over a wide temperature range.
Equipment used in refineries and chemical plants, such as furnaces, heaters, towers and ducts, is exposed to high temperatures and high temperatures. There is increasing interest in equipment durability and downtime, which will drive demand for heat resistant coatings with enhanced color stability and corrosion resistance.

Evolving oil and gas industry

Corrosion under insulation is one of the most critical issues in the petrochemical industry. The use of high temperature coatings helps to check for corrosion under the insulation, reduce thermal fatigue, reduce heat loss, and maintain efficiency. The application of high temperature coatings helps keep the effects of moisture to a minimum and then translates into cost and energy savings. As the oil and gas industry continues to grow, the market will continue to expand.

Region Overview:

In 2022, the share of the High-Temperature Coatings market in North America stood at 31.7%.

Company Overview:

PPG Industries is one of the major players operating in the High-Temperature Coatings market, holding a share of 11.86% in 2023.

PPG Industries

PPG Industries, Inc. is an American Fortune 500 company and global supplier of paints, coatings, and specialty materials. With headquarters in Pittsburgh, Pennsylvania, PPG operates in more than 70 countries around the globe. By revenue it is the largest coatings company in the world.

Sherwin-Williams

The SHERWIN-WILLIAMS COMPANY was founded by Henry Sherwin and Edward Williams in 1866. Today, the company is a global leader in the development, manufacture and sale of coatings and related products with more than 33,000 employees and business in 109 countries.

Segmentation Overview:

As for product types, the Liquid Resin and Polymeric Coatings segment held the largest market share in 2022.

Liquid Resin and Polymeric Coatings

The liquid resin and polymeric coatings are usually epoxy based, silicone based or multi-polymeric. These coatings exist as single and two component paints on water and solvent base. These liquid coatings are formulated to resist medium to high temperatures and they are applicable at new construction, on-site and as a maintenance coating. The more silicone the coating contains, the higher the temperature resistance.

Heat Resistant Powder Coatings

As well as being corrosion resistant, high temperature powder coatings have been developed for heat resistance to temperatures ranging from 200°C to 550°C. The powders are usually epoxy and silicone-based (like the liquid paints), and silicone-based powders perform better at higher heats. The reasons to consider using powders include environmentally friendliness (VOC free) and wide range of gloss and colour finishes.
Even though powders usually cannot be applied in hot substrates, they are becoming more and more popular as high temperature coating for steel and other ferrous metals.

Metal and Metal Additive Coatings

These coatings are particularly used for corrosion protection combined with high temperature resistance. Thermal sprayed aluminium is particularly used as high temperature coating for steel for preventing corrosion under insulation (CUI) in onshore and offshore platforms and processing plants. Sprayed metal coatings are somewhat heat resistant however, it is common to apply a topcoat of another heat resistant coating to maximise the protection. Metal pigments are often used in liquid paints and powder as stabilisers for temperatures above 400°C.

Ceramic Coatings

The heat resistance properties of ceramic coating are well known, and some of the highest heat coatings available are ceramics. Heat resistant ceramic paint also provides corrosion protection and chemical resistance and a hard finish. Therefore, the common applications of ceramic high temperature coatings include automotive underhood parts, vehicle exhausts and heavy industrial machinery.

Application Overview:

By application, the Petrochemical segment occupied the biggest share from 2018 to 2022.

Key Companies in the global High-Temperature Coatings market covered in Chapter 3:

Rust-Oleum
Hempel Group
Belzona International
Chemco International
Carboline
Kansai Paint
AkzoNobel
Weilburger Coatings
Aremco Products Inc.
Sherwin-Williams
Axalta Coating Systems
Nippon Paint
PPG Industries
Jotun A/S

In Chapter 4 and Chapter 14.2, on the basis of types, the High-Temperature Coatings market from 2018 to 2029 is primarily split into:

Liquid Resin and Polymeric Coatings
Heat Resistant Powder Coatings
Metal and Metal Additive Coatings
Ceramic Coatings

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the High-Temperature Coatings market from 2018 to 2029 covers:

Power
Petrochemical
Aerospace
Offshore/Marine
Automotive
Metallurgy
Pulp and Paper
Military
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)