High Temperature Aluminium Based Paint Manufacturing Industry. Production of Heat Resistant Aluminium Paint
It was specifically designed to provide a fantastic close-to-chrome look in temperatures up to 1200°F. This chrome-like look is achieved with metallic aluminum pigments. This high temperature aluminum paint is perfect for large equipment, stoves, grills, smokers, exhaust components and more. High Temperature Aluminium Paint is a high quality enamel for use at temperatures up to 450°C indirect heat. High Temperature Aluminium Paint is ideal for use in areas prone to heat and may be used as a single coat for fire surrounds, radiators and hot pipes.
High temperature coatings are designed to withstand temperatures above 150°C (302°F) while providing protection against corrosion. Composed of either organic or inorganic materials, high temperature coating resins could either be an epoxy, epoxy phenolic, epoxy novolac, silicone, or a more specialized multi-polymeric matrix depending on the level of temperature resistance required.
The drivers identified for the high temperature coatings market are growing power & chemical plants and oil & industry, cookware, bakeware, & small appliances, woodstoves, gas stoves & barbecue grills, marine, automotive, and aerospace industries. Countries such as China, U.S., and India, are the major markets of high temperature coatings. The market in countries of the Middle East and Africa are also growing. In developed countries such as the U.S., Spain, Germany, Japan, and Italy, the market is growing at a low-to-moderate rate.
The market size, in terms of value, of high temperature coatings was estimated to be about USD 3.39 Billion in 2015 and is projected to reach USD 4.24 Billion by 2020, at a CAGR of 4.56% between 2015 and 2020.
The drivers for the growth of the high temperature coatings market include the end-use industries, shift in preference toward solvent-free high temperature coatings, and the increased demand for high temperature coatings from the Asia-Pacific region. The restraints for the market include volatility in raw material prices and legislations curbing the use of hazardous chemicals. The opportunities for the high temperature coatings industry are leveraging technology requirements and regulations in higher value sectors and targeting current as well as potential markets where high temperature coatings can be used.
The automotive industry is expected to grow at a stable pace during the forecast period. In the automotive industry, high-temperature coatings are widely used to protect vehicles from rust and deterioration, thereby providing vehicles with a long lifespan. It is usually applied on the undercarriage of vehicles where it is more exposed to harsh conditions such as high temperature, pressure, and moisture content.
Paints & Coatings Industry
The Indian paint and coating industry is expected to grow steadily in the short and medium term on the back of strong growth in Indian economy. India’s young population represents a huge opportunity as more young Indians join the workforce and will have disposable income available.
Over the last few years, India has been experiencing a major growth in paint sales. Increasing levels of income, education and increasing urbanization has helped the paint market to grow considerably. In addition to this, usage of enamel and emulsion paints over traditional white wash, increasing penetration in the rural market and digitalization are also driving the paint industry.
US demand for paint and coatings is forecast to grow 3.8 percent annually to 1.4 billion gallons in 2019, valued at $31.5 billion. Gains will be driven by a strong rebound in construction activity, which will stimulate demand in the architectural market. Architectural markets for paint and coatings will continue to be the main outlet for the industry, growing at an above average rate through 2019 as demand is driven by an improved outlook for both residential and nonresidential construction.
The paints & coatings market is projected to reach USD 209.36 Billion by 2022, at a CAGR 5.45% from 2017 to 2022. The market is largely driven by the increasing demand for paints & coatings from various end-use industries, such as construction, automotive, marine, protective, aerospace, transportation, rail coatings, wood coatings, packaging, and general industrial. The growth of the paints & coatings market can also be attributed to increased investments by the key players to launch efficient and cost-effective products, as well as for expansion and merger & acquisition activities.
Paints and coatings are mainly used to protect machines and equipment from rusting and corrosion in industries. As for consumer goods, they serve the purpose of keeping corrosion at bay and make products look better. Architectural and decorative paints and coatings are used mainly applied on interior and exterior walls of houses and corporate buildings. Based on their formulation, there are basically two types of architectural and decorative paints and coatings: water-based and solvent-based.
Heat Reflective Paints & Coatings Market:
The global market for heat reflective paints & coatings will continue to increase owing to the increased exposure of different end-user areas, such as residential & commercial infrastructure, automotive etc., in the global economy. These are the paints & coatings that reflect most part of the sunlight (both visible and invisible), thus reducing energy absorption by surface. Once applied on the exterior surface of the structure, it reduces the energy emittance toward the inside. Thus, for any building or structure, the air-conditioning load for maintaining the ambient temperature also reduces. This indirect way of reducing the energy load and controlling the emission is being supported by many governments across the globe. This trend is expected to continue during the forecast period 2016–2022, to further improve the heat reflective paints & coatings market at a CAGR of 6.5%, and take it to $26.07 billion by 2022.
The automotive sector is one of the major contributors toward the heat reflective paints & coatings market. The high growth in economies and the increasing per capita income among consumers in the developing countries are increasing the demand for automobiles. This, in turn, is increasing the demand for heat reflective paints & coatings in this area. This trend is expected to continue in the automotive sector, thus leading the market during the forecast period. In the emerging economies, such as China, India, and Brazil, industrial infrastructure & equipment market is growing, which is expected to impact the heat reflective paints & coating market positively. Further, the use of heat reflective paints & coatings is increasing in building & construction, industrial, consumer goods, and oil & gas industries.
Regionally, Asia Pacific dominates the global heat reflective paints & coatings market with the biggest contribution coming from the Chinese market. The developed economies are following with a close gap among each other, while the North American market has expecting slightly higher growth than Europe. The increasing market penetration in developing countries is also expected to push the global market potential giving boost to the market revenue growth.
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