High Temperature Coatings Market Drivers, Outlook, Business
Overview and Market Restraints Forecasts by 2018-2024
“The demand for the market is increasing steadily owing to the growth of
numerous end-use industries such as cookware and bake ware, construction,
and metal processing.”
Industry Insight:
High Temperature Coating Market was valued USD 3.27 billion in 2015 and is anticipated to achieve moderate
growth globally over the forecast period. The demand for the market is increasing steadily owing to the growth
of numerous end-use industries such as cookware and bake ware, construction, and metal processing.
High temperature coatings material can withstand a temperature of more than 150°C (302°F) while protecting
against corrosion. Depending upon the level of temperature resistance required, coatings are composed of
organic or inorganic materials such as epoxy, epoxy novolac, silicone, and epoxy phenolic. Fire proofing plays a
vital part in buildings and other structures as it protects structured steel and other building parts.However, the
construction sector is hampered by the lack of synergy in building codes for different companies. Stable
regulatory norms help the coatings manufacturers to enhance their investments in R&D.
Regulatory & government agencies such as UL, ANSI, NFPA, and ASTM issues guidelines and standards for testing
and formulation of the coating ingredients. Fatal incidents due to fire outburst in industrial as well as in
residential area which causes occupational injuries has led multiple revisions in safety policies to minimize the
losses by integrating flame repulsive inorganic agents in materials of the coating. Properties to resist high
temperature shown by phosphorous, silicon and halogen based products have made them quite significant.
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