The market size, in terms of value, of high temperature coatings market is estimated to be USD 3.39 billion in 2015 and is projected to register a CAGR of about 4.56% between 2015 and 2020. The data mentioned in the report is based on the global demand for high temperature coatings market.
The market for high temperature coatings has been examined by adopting the Porter鈥檚 five forces analysis. This gives an idea about the current scenario in the industry at the global level. The study also provides the value chain analysis with respect to the end-use industries. The value chain describes the key contributors to the high temperature coatings market at different stages from raw material manufacturers, product manufacturers to the end-use industries. It represents the top players, contributing significantly to the high temperature coatings industry.
The market for high temperature coatings is fragmented and competitive, with a large number of minor players, especially in China. The key players in this market are AkzoNobel N.V. (Netherlands), The Sherwin-Williams Company (U.S.), PPG Industries Inc. (U.S.), The Valspar Corporation (U.S.), Whitford (U.S.), Weilburger Coatings GmbH (Germany), Axalta Coating Systems (U.S.), Jotun A/S (Norway), Aremco (U.S.), Carboline (U.S.), Hempel (Denmark), Belzona International Ltd. (U.K.), and Chemco International Ltd. (U.K.) among others. Between 2010 and 2015, the key market players adopted multiple growth strategies to strengthen their market positions. However, most players opted for organic growth through new product launches.
