High Temperature Coatings Market To Reach $1.74 Billion By 2030

High Temperature Coatings Market Growth & Trends

The global high temperature coatings market size is expected to reach USD 1.74 billion by 2030, registering a CAGR of 4.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. Surging thermally efficient coatings requirement that can protect industrial and commercial equipment in moderate to extreme temperature conditions is expected to drive industry growth over the next eight years. 

Technological innovations and significant R&D spending by key industry participants regarding commercializing single-component coatings for multiple applications is anticipated to stimulate market growth over the forecast period. Companies have been constantly involved in developing finished products which can be used for wide range of operating temperatures ranging from 150 degrees Celsius to 750 degrees Celsius in addition to providing corrosion resistance. 

High temperature coating demand in cookware is anticipated to emerge as fastest growing end-use segment over the forecast period. In terms of demand, the sector is expected to grow at a CAGR of 5.5% over the forecast period. 

Major appliances such as bakeware, induction appliances, and food processors have gained significance in commercial and residential sectors. This segment has witnessed significant growth in France, Japan, and South Korea owing to growing awareness towards innovative cooking technologies that sustain the nutrient levels of the food. 

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High Temperature Coatings Market Report Highlights

• Acrylic was the leading product segment and accounted for 23.5% of global high temperature coatings revenue in 2022.

• Powder coating is anticipated to witness the highest growth over the forecast period. The powder based segment is expected to grow at the fastest CAGR of 5.6% over the forecast period.

• The energy & power segment accounted for the largest revenue share of around 16.3% in 2022.

• Asia Pacific dominated the high temperature coatings market and accounted for the largest revenue share of 36.6% in 2022. The region is also expected to witness the fastest growth rate over the forecast period.

High Temperature Coatings Market Segmentation

 Grand View Research has segmented the global high temperature coatings market based on resin, technology, application, and region:

Resin Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

• Epoxy

• Silicone

• Polyethersulfone

• Polyester

• Acrylic

• Alkyd

• Others

Technology Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

• Solvent Based

• Dispersion/Water Based

• Powder Based

Application Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

• Energy & Power

• Metal Processing

• Cookware

• Stoves and Grills

• Marine

• Automotive

• Coil Coating

• Aerospace

• Building & Construction

• Others

Regional Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Russia

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

• Central & South America

  • Brazil

  • Argentina

• Middle East and Africa

  • Saudi Arabia

  • South Africa

List Of Key Players High Temperature Coatings Market

• BASF SE

• Akzo Nobel N.V.

• The Sherwin-Williams Company

• PPG Industries, Inc.

• Valspar

• Carboline Company

• Axalta Coating Systems, LLC

• Jotun

• Aremco

• Belzona International Ltd.

• Chemco International Ltd

• Hempel A/S

• Weilburger Coatings GmbH

• GENERAL MAGNAPLATE CORPORATION