High-Temperature Coatings Market Size is Hit USD 3.84 Billion at a CAGR of 3.9% by 2027
The need for thermally useful coatings that can secure industrial and commercial machinery under moderate to intense temperature conditions is anticipated to propel the High-Temperature coatings industry in the years to come.
The global High-Temperature Coatings Market is forecast to reach USD 5.24 Billion by 2027, according to a new report by Reports and Data. Technological advances and substantial R&D investment in marketing single-component coatings for multiple applications by key industry players are anticipated to fuel demand growth over the expected period. Industries have been actively engaged in the production of finished goods, which, in addition to having corrosion resistance, can be used for a broad range of operating temperatures ranging from 150 degrees Celsius to 750 degrees Celsius. Over the forecast period, High-Temperature coating demand in cookware is projected to emerge as the fastest increasing end-use market. Throughout industrial and residential markets, large appliances such as bakeware, electric machines, and food processors have grown throughout significance. This segment has seen significant growth in France, Japan, and South Korea as a result of increasing awareness for innovative cooking technologies that sustain the food's nutrient levels.
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Top Companies: Aremco Products Inc., General Magnaplate Corporation, Axalta Coating
Systems, Belzona International Ltd., Chemco International, Weilburger Coatings
GmbH, Valspar Corporation, Sherwin-Williams, Whitford Corporation, and
Carboline Company, among others.
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