Report Scope & Overview:
Heat Resistant Coatings Market Size was valued at USD 6.72 billion in 2022, and is expected to reach USD 9.92 billion by 2030, and grow at a CAGR of 5.0% over the forecast period 2023-2030.
Surfaces are protected from sharp temperature changes and intense heat by heat-resistant paints and coatings. Up to 600° C can be withstood by high-temperature paint. Heat-resistant coatings provide the following qualities: longevity, colour retention, water resistance, corrosion resistance, and excellent performance when exposed to high temperatures. An increasingly significant component of a wide variety of commercial and industrial applications is heat-resistant coatings. They work in a variety of industries, including packaging, bedding and furniture, transportation and aerospace, oil and gas, and construction.
Market Dynamics:
Drivers:
Increase in the Automotive Industry
Use in the Construction and Building Industry
Restraints:
Price volatility for raw materials.
High Price
Opportunity:
Use of Bio-Based Resins in Coatings
Growing Investments And Progress
Challenge:
Supply-Chain Breakdowns
Impact of Covid-19:
Demand for paints and coatings in the architectural, automotive, and aerospace sectors is being impacted by shortages of subcontractors and raw materials, supply chain disruptions, paused or suspended production, and travel restrictions. But after the Covid-19 Pandemic, there will certainly be an increase in demand for paints and coatings from the construction and general industrial sectors. The construction sector has been severely disrupted because many sites around the world have stopped operating, with the exception of those working on vital projects like hospitals, due to social alienation, self-isolation, and city-wide. All of these factors have an impact on the global use of paints and coatings.
The automotive paint and coatings business has been one of those most affected by the coronavirus outbreak. Large firms were forced to halt or postpone their ongoing initiatives and plans as a result of the lockdown measures. The demise of other auxiliary sectors has had an effect on the automotive coatings sector. Another significant impact of the COVID-19 outbreak is the disruption of the supply chain. Demand and investment have significantly decreased in the sector.
Key Players:
Tikkurila OYJ (Finland), AkzoNobel N.V. (Netherlands), Sherwin Williams Company (US), KCC Corporation (South Korea), PPG Industries Inc. (US), Jotun A/S (Norway), Hempel A/S (Denmark), Axalta Coating Systems (US), Kansai Paints Co., Ltd (Japan), RPM International Inc. (US),
Market Segmentation:
By Resin Type
Silicone
Epoxy
Acrylic
Polyester
Modified Resins
Others
By Technology
Powder
Liquid
By Application
Automotive & Transportation
Consumer Goods
Building & Construction
Industrial
Others
Regional Analysis:
North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa are the five major regions covered in this study of the global market for heat resistant coatings. During the forecast period, the utilisation of heat resistant coatings in infrastructure maintenance is anticipated to increase due to the considerable population growth in the Asia-Pacific region. The existing infrastructure is being strained by the rising population, and it is deteriorating quickly from the use of inferior materials. The market for heat resistant coatings is being propelled by increased investments in new infrastructure, housing developments, and non-residential building restorations, as well as by rising demand from China, India, and Brazil's automotive and transportation sectors.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Report Attributes | Details |
---|---|
Market Size in 2022 | US$ 6.72 Billion |
Market Size by 2030 | US$ 9.92 Billion |
CAGR | CAGR of 5.0% From 2023 to 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Resin Type (Silicone, Epoxy, Acrylic, Polyester, Modified Resins, Others) • By Technology (Powder, Liquid) • By Application (Automotive & Transportation, Consumer Goods, Building & Constructio, Industrial, Others) |
Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | Tikkurila OYJ (Finland), AkzoNobel N.V. (Netherlands), Sherwin Williams Company (US), KCC Corporation (South Korea), PPG Industries Inc. (US), Jotun A/S (Norway), Hempel A/S (Denmark), Axalta Coating Systems (US), Kansai Paints Co., Ltd (Japan), RPM International Inc. (US), |
DRIVERS | • Increase in the Automotive Industry • Use in the Construction and Building Industry |
Restraints | • Price volatility for raw materials. • High Price |
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Demand for paints and coatings in the architectural, automotive, and aerospace sectors is being impacted by shortages of subcontractors and raw materials, supply chain disruptions, paused or suspended production, and travel restrictions. But after the Covid-19 Pandemic, there will certainly be an increase in demand for paints and coatings from the construction and general industrial sectors. The construction sector has been severely disrupted because many sites around the world have stopped operating, with the exception of those working on vital projects like hospitals, due to social alienation, self-isolation, and city-wide. All of these factors have an impact on the global use of paints and coatings.
Ans: Supply-Chain Breakdowns are the challenges faced by the Heat Resistant Coatings Market.
Ans: Price volatility for raw materials and High Price are the restraints for Heat Resistant Coatings Market.
Ans: Heat Resistant Coatings Market Size was valued at USD 6.4 billion in 2021, and expected to reach USD 9.01 billion by 2028, and grow at a CAGR of 5.0% over the forecast period 2022-2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Heat Resistant Coatings Market Segment, By Resin Type
8.1 Silicone
8.2 Epoxy
8.3 Acrylic
8.4 Polyester
8.5 Modified Resins
8.6 Others
9.Heat Resistant Coatings Market Segment, By Technology
9.1 Powder
9.2 Liquid
10.Heat Resistant Coatings Market Segment, By Application
10.1 Automotive & Transportation
10.2 Consumer Goods
10.3 Building & Construction
10.4 Industrial
10.5 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profile
12.1 Tikkurila OYJ (Finland)
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 AkzoNobel N.V. (Netherlands)
12.3 Sherwin Williams Company (US)
12.4 KCC Corporation (South Korea)
12.5 PPG Industries Inc. (US)
12.6 Jotun A/S (Norway)
12.7 Hempel A/S (Denmark)
12.8 Axalta Coating Systems (US)
12.9 Kansai Paints Co., Ltd (Japan)
12.10 RPM International Inc. (US)
13.Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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