Global Heat-resistant Coating Market size was valued at US$ XX in 2019 and the total revenue is expected to grow at 5.50% through 2020 to 2026, reaching nearly US$ 6.39 billion.
The Global Heat-resistant Coating market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The Global Heat-resistant Coating report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Heat-resistant Coating Market Overview:
The Heat-resistant coating market is predicted to grow at an annual rate of the healthy compound in the near future. Heat resistant coating is widely used in the building and construction industry. They are employed in various construction materials and products to meet important fire safety codes and standards. The use of heat resistant coating helps to reduce fire attacks and increase personal safety. In the Asia Pacific, the construction sector has been strong expansion, driven by strong manufacturing and service segment, Infrastructure, escalate housing construction, and notable government spending on public construction.
Global Heat-resistant Coating Market Dynamics:
The worldwide market of heat resistant coating is predicted to rebound in near future. The escalating use of heat resistant coating in industrial and commercial applications has fueled the expansion of the worldwide market. The use of advanced technology in the production of this type of coating is also one of the reasons that dominate the worldwide heat resistant coating market. There has been efficient motor operations, better durability’s, and thinner liners to reduce rotating/moving parts of the components. Therefore the property of heat, corrosion, and chemical resistance is predicted to drive the worldwide market of heat resistant coating.
The worldwide market of heat resistant coating is growing at a significant rate due to drivers such as escalating calls from the construction and automotive industry for their durable properties of heat resistant coating. The increase in manufactures of heat resistant coating for construction due to the property of absorbing heat and radiation is like to drive the call for heat resistant coating in coming years.
The high transportation expense of heat resistant coating is also one of the major factor hampering the expansion of the global heat resistant coating industry. Furthermore, a large amount of maintenance is one of the main reason for slowing down the expansion of the global heat resistant coating market.
Global Heat-resistant Coating Market Segment Analysis:
By Resin Type, the segment Resin Type is categorized into epoxy, modified resins, Silicon, Acrylic, and Polyester. Acrylic is dominating the heat resistant coating market and accounted for more than 20.4 % of the total volume. The rising call for heat resistant coating in the construction industry and transport segment has augmented the usage of acrylic products in several industries. The segment epoxy is second dominating in the market and is widely used in heat resistant coating market. Epoxy coating is commonly used in oilfields, offshore, and petrochemical facilities applications and are favored for their impact and abrasion resistance.
Global Heat-resistant Coating Market
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By Technology, the segment is further bifurcated into powder and liquid. The liquid segment dominates the market. Liquid technology was the leading technology segment in 2015, accounting for 75% shares of the total volume. The shifting trend toward non-solvent based technologies has resulted in the adoption of liquid and powder-based products in various segments. In addition to low VOC content, surging demand for cost-effective products with minimal environmental impact is expected to drive the market. Were as the powder is anticipated to emerge as the fastest-growing formulation in the technology in terms of revenue by volume by 2026.
By Application, the segment divided into Automotive & transport, industrial, consumers good, building and construction. The automotive and transportation segment accounted for the largest market share, by value followed by industrial application and consumer good. The segment is also predicted to experience the highest expansion rate between 2020and 2016 in terms of value.
Global Heat-resistant Coating Market 1
Global Heat-resistant Coating Market Regional Insights:
The Asia Pacific is the promptly growing market for heat-resistant coatings, in terms of revenue as well as volume. Leading countries of Asia Pacific are China and India due to high economic growth rate, growing manufacturing industries, low-cost labour, swelling foreign investments, growing demand from end-user industries, and the global shift in production from industrialised countries to developing countries are major factors leading to the growth of the heat-resistant coatings market in the region.
Global Heat-resistant Coating Market 2
The objective of the report is to present a comprehensive analysis of the global Heat-resistant Coating market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Heat-resistant Coating market dynamics, structure by analyzing the market segments and project the global Heat-resistant Coating market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Heat-resistant Coating market make the report investor’s guide.
Global Heat-resistant Coating Market Scope: Inquire before buying
Global Heat-resistant Coating Market 3
Global Heat-resistant Coating Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Global Heat-resistant Coating Market Key Players
• Jotun A/S
• AkzoNobel N.V
• PPG Industries Inc
• Carboline Company
• General Magnaplate Corporation
• Hempel AS
• Chemco International
• Whitford Corporation
• Weilburger Coatings GmbH
• Belzona International Ltd.
• Aremco Products Inc
• Axalta Coating Systems, LLC
• Sherwin Williams Company
• Kansai Paints Co., Ltd
• KCC Corporation
• RPM International Inc.
• Tikkurila OYJ
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