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China Coatings Network
: High temperature-resistant
coatings
market size is expected to reach 4.24 billion U.S. dollars by 2020, 2015-2020 compound growth rate of more than 4.56%. Over the past few years, high-temperature coatings have been growing at a relatively moderate rate and will continue to do so for some time to come. Power plants, chemical plants, oil and gas, metalworking, cooking utensils, stoves and automobiles will drive the development of the high temperature coatings industry.
asia-Pacific region is currently the largest market for high temperature resistant coatings, with the highest annual compound growth rate. China, India, Japan, South Korea and Taiwan are expected to lead the development of the high temperature coatings market in the Asia-Pacific region, where China has the largest market share.
Mexico's high-temperature coatings market is relatively small in terms of sales volume, but is expected to be the fastest growing region in North America. Strategically, North America and Asia Pacific are the most attractive markets. The large customer base and the shift of production sites from North America and Europe to the Asia-Pacific region have facilitated the development of the high temperature coatings market in the Asia-Pacific region.