Global High-temperature Coatings Market – Growth Analysis and Forecast | Technavio

LONDON–(BUSINESS WIRE)–#Research–Technavio’s latest market research report on the global
high-temperature coatings market provides an analysis of the
most important trends expected to impact the market outlook from
2018-2022. Technavio
defines an emerging trend as a factor that has the potential to
significantly impact the market and contribute to its growth or decline.

According to Technavio analysts, the global high-temperature coatings
market will grow at a CAGR of over 4% during the forecast period.
The growth in the automotive sector is a major factor driving the
market’s growth.

The automotive industry is expected to grow at a stable pace during the
forecast period. In the automotive industry, high-temperature coatings
are widely used to protect vehicles from rust and deterioration, thereby
providing vehicles with a long lifespan. It is usually applied on the
undercarriage of vehicles where it is more exposed to harsh conditions
such as high temperature, pressure, and moisture content.

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In this report, Technavio highlights the increasing demand for
water-borne high-temperature coatings as one of the key emerging trends
driving the global high-temperature
coatings market:

Increasing demand for water-borne
high-temperature coatings

There is a growing demand for water-borne high-temperature coatings
mainly due to their compliance with stringent VOC emission control
guidelines. The water-borne high-temperature coatings emit low levels of
VOC and other hazardous air pollutants (HAPs). Furthermore, they provide
better aesthetics and longer lifespan. In water-borne coatings, water is
used to disperse the resin. This makes them environment-friendly and
easy to apply. They generally contain 80% water, and the rest is
composed of solvents such as glycol ethers. The manufacturers of
water-borne high-temperature coatings are required to adhere to
regulatory bodies in the US and Europe. As per the strict guidelines,
water-borne coatings should only have VOC content less than 3.5 pounds
per gallon of water.

“The rising demand for acrylic based water-borne coatings is another
major trend in the market as they provide better performance, easy
handling, and low VOC emission. The increase in the popularity of this
product is due to certain advantages such as excellent aesthetic
maintenance, high processability, and better productivity. The
increasing popularity and demand for water-borne high-temperature
coatings will present immense growth opportunities for the global
high-temperature coatings market,” says a senior analyst at
Technavio for research on paints,
coatings, and pigments.

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Global high-temperature coatings market
segmentation

This market research report segments the global high-temperature
coatings market based on resin type (acrylic, epoxy, polyester,
alkyd, and silicone) and key regions (the Americas, APAC, and EMEA).

APAC was the leading region for the global high-temperature coatings
market in 2017, accounting for a market share of around 44%. The market
share occupied by this region is anticipated to increase significantly
during the forecast period.

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