Heat resistant coatings is the special coating used for avoiding the corrosion and breakage of surface due to rapid changes in temperature. The heat resistant coatings has a property of reflecting the heat and electromagnetic radiation. It has the special ability of absorbing 95% of heat and 85% of uv rays through its insulation properties. It helps industries for coating the pipelines, exhaust pipes, heat shields, etc. Its usage is spreaded over various industries such as automotive, transportation, industrial, building and construction.
MARKET DYNAMICS
The global heat resistant coatings market is growing at a significant pace owing to driving factors such as increasing demand from construction and automotive industries due to its long lasting properties of heat resistant coatings. Furthermore, Increasing manufacturing of heat resistant coatings for construction due to its property of absorbig heat and radiation is likely to drive the demand for heat resistant coatings in the coming years. However, high and volatile prices if raw mateials is projected to hinder the growth of heat resistant coatings market. Likewise, development of epoxy coatings for defence equipments from the defence industry may provide a lucrative opportunity for the market players in the near future.
MARKET SCOPE
The "Global heat resistant coatings Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the heat resistant coatings market with detailed market segmentation by resin, type, end-user industry, and geography. The global heat resistant coatings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading heat resistant coatings market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global heat resistant coatings market is segmented on the basis of resin, type, and end-user industry. On the basis of resin, the heat resistant coatings market is segmented into, epoxy, acrylic, silicone, cellulose and other. On the basis of type, the market is bifurcated into, liquid and powder. Based on end-user industry, the global heat resistant coatings market is segmented into, construction, oil & gas, furniture, transportation, packaging and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global heat resistant coatings market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The heat resistant coatings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the heat resistant coatings market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the heat resistant coatings market in these regions.
MARKET PLAYERS
The reports cover key developments in the heat resistant coatings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from heat resistant coatings market are anticipated to lucrative growth opportunities in the future with the rising demand for heat resistant coatings in the global market. Below mentioned is the list of few companies engaged in the heat resistant coatings market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the heat resistant coatings market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Akzo Nobel N.V.
- Ancatt Inc.
- Basf Corporation
- Berger Paints India Ltd.
- Dupont De Nemours Inc.
- Nippon Paints
- Orbit Coatings Private Limited
- Ppg Industries Inc.
- The Jotun Group
- Wacker Chemie Ag.