Assam Reporter

How is Steady Growth of the Aerospace & Defense Industry Fuelling Sales of High Temperature Coatings: Report Fact.MR

 Breaking News
  • No posts were found

How is Steady Growth of the Aerospace & Defense Industry Fuelling Sales of High Temperature Coatings: Report Fact.MR

September 29
01:42 2021
How is Steady Growth of the Aerospace & Defense Industry Fuelling Sales of High Temperature Coatings: Report Fact.MR
High Temperature Coatings Market
Advancements in aerospace, automotive, metal processing, and other industries have led to increased demand for high temperature coatings in recent years

Award winning market research company Fact.MR’s recent report on the global high temperature coatings market forecasts a positive outlook for 2021, as key manufacturing industries slowly recover from the pandemic induced depression. Long-term prospects appear largely optimistic, with an expected value CAGR surpassing 4% through 2031.

The market has witnessed unprecedented gains in the past, mostly attributed to robust developments across the aerospace & defense sector. The push for cleaner skies and achieving fuel efficiency in aircrafts has prompted manufacturers to introduce numerous coatings to enhance the operating capacity of turbines and engines. According to Boeing, the global aerospace market is expected to reach US$ 8.7 trillion through 2028, as operators replace older jets with more capable and fuel-efficient models. Consequently, sales of high temperature coatings are anticipated to increase.

Automotive Industry to Act as an Important Growth Lever

Promising developments are on the cards across the automotive industry. As government push forward progressive legislations to enhance vehicle production, opportunities abound for the aftermarkets. In 2019, the Indian government announced a slew of policy measures aimed at bolstering electric vehicles production, while BS-IV vehicles would continue to remain operational. This has widened the berth for high temperature coatings sales for forthcoming years.

Likewise, the United States has an extensive network of automotive parts suppliers serving the industry. New R&D initiatives are transforming the regional landscape to better respond to the opportunities of this century. Nearly US$ 18 billion is spent to develop the automotive sector, which also includes high temperature coatings for automobiles.

“Prolific developments across key end-use industries is prompting manufacturers to diversify product portfolios and establishing robust distribution and supply chain networks with regional market players in order to cement their presence in the global market,” comments a Fact.MR analyst.

For more insights into the market, request a sample of this report

https://www.factmr.com/connectus/sample?flag=S&rep_id=5532 

high temperature coatings market

Key Takeaways from Fact.MR’s High Temperature Coatings Market Study

  • By application, aerospace & defense to exhibit high growth owing to constant maintenance requirements
  • Epoxy-resin derived temperature coatings to remain highly sought after, attributed to effective insulation properties and cost-effectiveness
  • Prolific aerospace & defense sector developments to spearhead US temperature coatings market growth
  • Germany to experience heightened growth amid a proliferating automotive industry
  • UK to witness high expansion in the wake of rising applications in mineral extraction
  • China to hold sway through 2031, backed by strong petrochemicals, aerospace and automotive industries
  • Flourishing coil coatings segment to pivot the Japanese high temperature coatings market growth

Competitive Landscape

Key high temperature coatings manufacturers profiled by Fact.MR include Akzo Nobel NV, Aremco Products Inc., Axalta Coating Systems, Belzona International Ltd., Carboline Company, Chemco International Ltd., General Magnaplate Corporation, Hempel A/S, Jotun A/S, PPG Industries Inc., The Sherwin-Williams Company, The Valspar Corporation, Weilburger Coatings GmbH and Whitford Corporation.

Owing to the presence of so many players, the market exhibits high competition. Therefore, manufacturers rely on frequent product launches as well as capacity expansion programs to remain afloat. For instance, Akzo Nobel NV announced the opening of a new R&D lab dedicated to low cure powder coatings in February 2021. The research center will exclusively focus on the increasing applicability of powderon wood for use in heat-sensitive substances.

Get Customization on this Report for Specific Country 

https://www.factmr.com/connectus/sample?flag=RC&rep_id=5532

Also, Axalta Coating Systems introduced the Cromax XP, an easy-to-use solvent borne basecoat for refinish customers across North America. The product line is engineered for easy and accurate application, backed by a chromatically sorted fan deck of over 6,000 color chips which is easy to apply as a basecoat. It is also capable of accommodating multiple blending processes due to high variance tolerance.

More Valuable Insights on High Temperature Coatings Market

In its latest report, Fact.MR offers unbiased analysis of the global high temperature coatings market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of application (aerospace & defense, automotive, coil coatings, petrochemicals, marine, metal processing, stoves & grills, and other applications) and resin (epoxy, silicone, polyester, acrylic, alkyd, and other resin types), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

Key Questions Answered in the Report

  • Which are the most lucrative high temperature coatings markets?
  • Which is the primary application area for high temperature coatings?
  • What drivers are likely to underpin future market growth?
  • Which are the prominent high temperature coatings manufacturers?

Read Fact.MR Exclusive Article on Emerging Growth Frontiers in the Global Coatings Industry –

https://www.factmr.com/article/109/emerging-growth-frontiers-in-the-global-coatings-industry

 About Fact.MR 

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.  

Contact: 

US Sales Office: 

11140 Rockville Pike Suite
400 Rockville,MD 20852
United States
Tel: +1 (628) 251-1583  

Corporate Headquarter: 

Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai,United Arab Emirates
Email: [email protected] 

Media Contact
Company Name: Fact.MR
Contact Person: Anup Kumar
Email: Send Email
Phone: 6282511583
Address:US Sales Office: 11140 Rockville Pike
City: Rockville
State: Maryland
Country: United States
Website: https://www.factmr.com

Related Articles