U.S. High Temperature Coatings Market

U.S. High Temperature Coatings Market Outlook (2022-2032)

The U.S. high temperature coatings market is predicted to expand at a CAGR of 3.3% and generate an absolute dollar opportunity worth US$ 474.9 million during the forecast years of 2022-2032. Sales of high temperature coatings in the United States are expected to reach a market valuation of US$ 1.69 billion by the end of 2032.

Report Attributes	Details
U.S. High Temperature Coatings Market Size (2021A)	US$ 1.18 Billion
Estimated Market Value (2022E)	US$ 1.22 Billion
Forecasted Market Value (2032F)	US$ 1.69 Billion
U.S. Market Growth Rate (2022-2032)	3.3% CAGR
South-West U.S. Market Share (2021)	~27.2%
South-West U.S. Growth Rate (2022-2032)	~3.9% CAGR
Market Share of Top 5 Companies	~47%
Key Companies Profiled	Axalta Coating Systems Carboline General Magnaplate Corporation Magnetic Component Engineering, Inc. Master Bond, Inc. PPG Industries, Inc. The Princeton Keynes Group, Inc. Tech Spray The Sherwins-Williams Company The Valspar Corporation

The market is poised to grow on the back of high demand for coatings across end-use industries such as marine, petrochemicals, chemicals, water treatment, etc. Along with this, application centric-offerings provided by manufacturers are likely to support market growth over the coming years.

U.S. High Temperature Coatings Market Historical Analysis (2017-2021) Vs. Growth Forecasts (2022-2032)

High temperature coatings have shown gradual demand growth in recent years and are expected to exhibit higher growth over the coming years. These coatings are thermal-resistant layers that are used in several end-use industries such as marine, aerospace, petrochemicals, water treatments, etc., to reduce the potential threats of surface abrasion, corrosion, etc.

Use of high temperature coatings improves component lifecycle and is effective in reducing the surface temperature of various components.

• Short Term (2022 Q2 to 2025): Benefits of high-temperature coatings such as prevention from corrosion and resistance to fuel short-term market growth.
• Medium Term (2025-2028): Increased adoption rates of high temperature coatings in different end-use industries are likely to support market demand in the medium term.
• Long Term (2028-2032): Product innovation by key market players is likely to support long-term growth expansion.

The historic CAGR registered by the United States high-temperature coatings market was 2% from 2017 to 2021. The market is projected to expand at a higher CAGR of 3.3% during the assessment period, according to analysis by Fact.MR, a market research and competitive intelligence provider.

How is U.S. High Temperature Coatings Market Growth Being Driven?

“Augmented Demand for Anti-Corrosion Coatings in Marine & Water Treatment Applications”

Deploying corrosion-resistant coatings has always remained a major concern for almost every industry to provide a healthy lifespan for the equipment and components. This concern has created the potential for the adoption of high-temperature coatings to provide corrosion resistance and extra insulation for a wide range of applications such as water & wastewater treatment and marine engineering.

Almost every industry is susceptible to the effects of moisture present in the environment, leading to the surface oxidation of industrial components, further leading to surface corrosion, reduced product lifespan, and making them less reliable for operation.

Thus, high-temperature coatings have emerged as a crucial solution to reduce the challenges faced by end-use industries, in turn leading to the wide-scale application of high temperature coatings in the United States.

“Application-Centric Offerings to Enhance Revenue Generation Capacity of Manufacturers”

Technology advancements dominate the market for high temperature coatings, wherein, manufacturers are engaged in providing a pool of products suitable for a range of applications.

To satisfy current demand in the oil & gas, chemical, and petrochemical industries, these coatings demand product differentiation. Manufacturers of high temperature coatings offer products that comply with industry standards to meet the required demand. Thus, product diversification is likely to drive market growth over the coming years.

“Restricted Application Possibility of High Temperature Coatings”

High temperature coatings account for a fair consumption percentage in the overall coating business; yet, demand has been significantly dominated by other coating products. This is attributed to the exclusiveness offered by high temperature coatings in the market. These coating solutions are feasible only for high thermal applications, and thus, keep other coating applications under-addressed.

High temperature coating solutions lack versatility in application, which might pose a threat to their penetration when compared to other coating segments. Thus, these mentioned factors are poised to hamper the market growth in the coming years.

Region-wise Insights

Which U.S. Region Leads the High Temperature Coatings Market in the Country?

The South-West U.S. high temperature coatings market dominates the United States high temperature coatings market with 27.2% share and is projected to register 3.9% CAGR through 2032. The next leading region is West U.S., which holds 25.3% market share and is projected to expand at 3.6% CAGR.

Growth in manufacturing, construction, and petrochemical industries is supporting market growth. High temperature coatings protect metal substrates against corrosion by acting as a thermal barrier on engine components, thereby minimizing frequent maintenance requirements.

Rising concerns over the stability of automotive components in sports and racing activities are prompting automobile manufacturers to use heat-resistant coatings to provide thermal resistance and offer enhanced adhesion in wide temperature ranges.

Category-wise Insights

Why are Silicone High Temperature Coatings Bring in Highest Revenue for Market Players?

Under the type segment, the high temperature coatings market in the U.S. is segmented into silicone, epoxy novolac, aluminium, polyurethane, perfluoroalkoxy alkane, PPS, PTFE, high temperature epoxy coatings and others.

Amongst them, silicone dominates the market with the largest market share of 22.6% and is projected to expand at 3.6% CAGR over the assessment period.

The use of silicone in high temperature coatings improves the cyclic oxidation resistance and carries the innate ability to withstand prolonged exposure to higher temperatures. It has the property of being humidity- and moisture-resistant, along with being transparent, low toxic, light transmission capabilities, and excellent performance in extreme temperatures. Silicone high temperature coatings also carry one of the significant advantages of being stable over a wide temperature range.

The next leading segments are epoxy and epoxy novolac, which hold 19.4% and 15.2% market share, respectively, and are projected to expand at 3.8% and 4.8% CAGRs. These segments are likely to grow on the back of their high durability and chemical-resistant characteristics. Also, epoxy-based products find high usage in corrosion-resistant applications.

Will Water-based Coatings Continue Leading Market Growth?

The high temperature coatings market, under technology, is segmented into solvent-based high temperature coatings, water-based high temperature coatings, and solid-based high temperature coatings.

The water-based high temperature coatings segment continues leading market growth with 71.8% share and is projected to expand at 3.2% CAGR, higher than other segments.

One of the main advantages of water-based coatings is that they use water as a liquefying agent instead of chemical solvents and emit less volatile organic compounds or VOCs, which otherwise can lead to irritation in the eyes, nose, and throat, along with causing damage to the central nervous system.

The solvent-based and solid-based segments hold 23.1% and 5.1% market share, respectively and are projected to expand at CAGRs of 2.5% and 2.9% over the assessment period. Solvent-based coatings carry one significant advantage over water-based coatings; they are less susceptible to environmental conditions such as humidity and temperature.

Competitive Landscape

Prominent players in the United States high temperature coatings market are introducing innovative offerings that can protect products and components against corrosion and resistance. Furthermore, market players are acquiring other prominent companies to diversify and expand their product portfolios to accelerate growth and expand their market access.

• Axalta Coating Systems agreed to acquire U-POL Holdings Limited in 2021. The acquisition of leading manufacturers of refinishing and repair products, which are majorly used in aftermarket and refinish protective applications, will accelerate the growth of the company.
• Carboline introduced Plasite XHT 400 in 2020, which is a heat-resistant lining providing long-term protection for fire tubes. This formulation is designed to protect vessel surfaces and fire tubes in hot conditions.

Fact.MR has provided detailed information about the price points of key manufacturers of high temperature coatings positioned across regions in the U.S., sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of U.S. High Temperature Coatings Industry Research

• U.S. High Temperature Coatings Market by Type :

  • Silicone High Temperature Coatings
    • Acrylic Silicone
    • Aluminum Pigmented Silicone
  • Epoxy High Temperature Coatings
  • Epoxy Novolac High Temperature Coatings
  • Aluminum High Temperature Coatings
  • Polyurethane High Temperature Coatings
  • Perfluoroalkoxy Alkane High Temperature Coatings
  • PPS High Temperature Coatings
  • PTFE High Temperature Coatings
  • Others

• U.S. High Temperature Coatings Market by Technology :

  • Water-based High Temperature Coatings
  • Solvent-based High Temperature Coatings
  • Solid-based High Temperature Coatings

• U.S. High Temperature Coatings Market by Component :

  • Single Component
  • Two Components
  • Multiple Components

• U.S. High Temperature Coatings Market by Coating Surface :

  • Steel High Temperature Coatings
  • Aluminum High Temperature Coatings
  • Others

• U.S. High Temperature Coatings Market by Curing Mechanism :

  • Ambient-cured High Temperature Coatings
  • Heat-cured High Temperature Coatings
  • UV-cured High Temperature Coatings
  • Solvent-cured High Temperature Coatings

• U.S. High Temperature Coatings Market by Use Case :

  • New Construction
  • Repair-Rehabilitation

• U.S. High Temperature Coatings Market by Surface Temperature Range :

  • 300°F-500°F
  • 500°F-700°F
  • 700°F-900°F
  • 900°F-1100°F
  • 1100°F-1300°F
  • 1300°F-1500°F
  • 1500°F-2000°F
  • 2000°F-2500°F
  • 2500°F-3000°F
  • 3000°F-3200°F

• U.S. High Temperature Coatings Market by Application :

  • Oil & Gas Industry
    • Onshore
      • Pumps
      • Stacks
      • Flares
      • High Temperature Pipes
      • Heat Exchangers
      • Others
    • Offshore
      • Chimney Stacks
      • Flare Stacks
      • Steam Pipes
      • Single-Cavity Blowout Preventers
      • Heat Exchangers
      • Sub Sea Coolers
      • Others
  • Water & Waste Water Treatment
    • Boilers
    • Steam Pipes
    • Heat Exchangers
      • Plate Exchangers
      • Shell & Tube Heat Exchangers
  • Marine Industry
    • Marine Boilers
    • Engines
    • Reactor Compartments
    • Exhausts
    • Others
  • Mining Industry
  • Power Generation Industry
  • Petrochemical Industry
    • High Pressure Pumps & Vessels
    • Pumping Stations
    • Metering Pumps
    • High Temperature Liquid Transfer Pumps
    • Centrifugal Pumps
    • Flare
    • Stack
    • Others
  • Chemical Industry
    • Boilers
    • Reactor & Other Processing Equipment
    • Tanks & Vessels
    • Steam Lines
    • High Temperature Solvent Transfer Lines
    • Threaded Connectors
    • Others
  • Aerospace Industry
    • Jet Pipe Interiors
    • Jet Engines
    • Nose Cowl Inlets
    • Turbines
    • Vents
    • Bushing
    • Rotary Joints
    • Cams
    • Others
  • Foundry & Refractories

• U.S. High Temperature Coatings Market by Region :

  • West U.S.
  • South-West U.S.
  • Mid-West U.S.
  • North-East U.S.
  • South-East U.S.