Europe High Temperature Coatings Market Report Description:
Europe High Temperature Coatings market report gives comprehensive outlook on High Temperature Coatings across the globe with special emphasis on key countries such as Germany, France, U.K, Italy, Spain, Russia, Poland and Rest of Europe. The report on Europe High Temperature Coatings market gives historical, current, and future market sizes (US$ Mn) on the basis of Coating Technology, Resin Type, End User and region. This report studies Europe High Temperature Coatings market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, Europe High Temperature Coatings market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. The report also includes the total revenue and volume of each segment of the market. Moreover, PBI analyzed Europe High Temperature Coatings market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the Europe High Temperature Coatings market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in Europe High Temperature Coatings products.
Europe High Temperature Coatings Market:
The Europe High Temperature Coatings market estimated to be valued US$ XX Mn in 2018 and poised to grow at significant CAGR over 2019-2025. Some of the key factors that are responsible for market growth include increasing demand for high temperature coatings in developing countries, rising application of these coatings in automotive, technological improvements and substantial R&D spending. In addition, the opportunities for the high temperature coatings industry are leveraging technology requirements and rules in higher value sectors and targeting current as well as possible markets where high temperature coatings can be used.
Increasing Demand for Water-Borne High-Temperature Coatings
There is a growing demand for water-borne high-temperature coatings chiefly due to their compliance with severe 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 increasing demand for acrylic based water-borne coatings is additional key 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 Europe high-temperature coatings market
Volatility in Raw Material Prices
The restraints for the market include volatility in raw material prices and legislations curbing the use of hazardous chemicals. Epoxy, acrylic, Polyethersulfone, Polyester, and Alkydare some of the raw materials. Most of these raw materials are the downstream/byproducts of crude oil. Hence, high crude oil prices are expected to affect the prices of these raw materials.
Germany Accounts for Larger Market Revenue Share in Europe High Temperature Coatings Market
Germany accounted for larger revenue share in Europe High Temperature Coatings market with considerable CAGR. European market has observed a remarkable growth in the market due to the increasing consumption of coatings in cookware products. It is estimated that the growing innovation and technological advancement has propelled the countries such as Germany to observe a notable growth in the market during the forecast period.
Competition Assessment
Key player’s profiles in the Europe High Temperature Coatings market include:
- Whitford (U.S.)
- Weilburger Coatings GmbH (Germany)
- The Valspar Corporation (U.S.)
- The Sherwin-Williams Company (U.S.)
- PPG Industries Inc. (U.S.)
- Jotun A/S (Norway)
- Hempel (Denmark)
- Chemco International Ltd. (U.K.)
- Carboline (U.S.)
- Belzona International Ltd. (U.K.)
- Axalta Coating Systems (U.S.)
- Aremco (U.S.)
- AkzoNobel N.V. (Netherlands)
Europe High Temperature Coatings market is surging owing to frequent acquisitions and launchings by the market players. For instance, Axalta Coating Systems launched its new collection of Tufcote protective rail car coatings for the industrial rail car and transportation industry. The product line includes easy-to-apply, high-build coatings that deliver superior protection.
Key Findings of the Report:
- Europe High Temperature Coatings market expanding at significant CAGR over 2019 to 2025 due to growing innovation and technological advancement.
- Based on End User, Energy and Power segment accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
- Players focusing on innovation of newer products and collaboration strategies to retain market position in Europe High Temperature Coatings market
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2014-2018) and forecast (2019-2025)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Detailed Segmentation
By Coating Technology
- Dispersion/Water-Based High Temperature Coatings
- Powder-Based High Temperature Coatings
- Solvent-Based High Temperature Coatings
By Resin Type
- Silicone-Based High Temperature Coatings
- Polyethersulfone (PES)
- Polyester-Based High Temperature Coatings
- Epoxy-Based High Temperature Coatings
- Alkyd-Based High Temperature Coatings
- Acrylic-Based High Temperature Coatings
- Others High Temperature Coatings
- Vinyl-Ester
- Urethane
- Polytetrafluoroethylene (PTFE)
- Polyphenylenesulfide (PPS)
- Pefluoroalkoxy Alkanes (PFA)
- Peek
- Hybrids
By End User
- Energy & Power
- Oil and Gas
- Solar
- Wind
- Others
- Wood stoves, Gas Stoves, and Barbecue Grills
- Petrochemical & Chemical Industry
- Metal Processing Industry
- Marine
- Cookware, Bake ware, and Small Appliances,
- Coil Coatings
- Building & Construction
- Automotive
- Aerospace & Defense
- Others
Geography
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Poland
- Rest of Europe
