Dublin, Ireland, July 05, 2022 (GLOBE NEWSWIRE) -- The Europe high temperature coatings market is projected to grow at the rate of 3.9%, to be valued at US$ 2,152.0 Million by 2032 end from US$ 1,460.9 Million in 2022. The market registered a historical growth of 2.5% during the period 2017-2021. The market is likely to gain traction over the years because of diversified offerings pertaining to specific industries.

The provision of industry-specific offerings is poised to generate immense opportunities by catering to the demand of potential end-use industries demanding the application of high temperature coatings. Owing to this, providing suitable solutions could be a major opportunity that players must seek to escalate the demand for high temperature coatings and improve their revenue-generating capabilities.

The industries of aerospace, petrochemicals, oil & gas etc. are key assets for the growth of the coatings business as these end-use industries dominate the use of thermal coatings. Furthermore, the development of an ecosystem between end-user and coating manufacturers for providing industry-specific solutions is supporting market growth.

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Key Takeaways from Market Study

Product diversification is emerging as a winning strategy by the prominent manufacturers in the high temperature coatings market. This is also aiding in the market expansion of the companies. Along with this, carrying out of other marketing strategies like collaborative activities and acquisitions for utility projects for providing improved coating solutions is aiding in the growth and development of the market.

Companies are also investing their resources into developing new protective coatings for electronic equipment from extreme temperature changes and rust.

These strategies, along with acquisitions and product portfolio expansion, are set to provide market players with a larger market pie share over the years ahead.

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Europe High Temperature Coatings Industry Research by Category

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