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Heat Resistant Coatings Market

Heat Resistant Coatings Market Size and Segment By Resin Type (Silicone, Epoxy, Acrylic, Polyester, Modified Resins, Others) By Technology (Powder, Liquid) By Application (Automotive & Transportation, Consumer Goods, Building & Constructio, Industrial, Others), by Regions and Global Forecast 2022-2028

Report Id: SNS/C&M/2483 | July 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Heat Resistant Coatings Market Size was valued at USD 6.4 billion in 2021, and is expected to reach USD 9.01 billion by 2028, and grow at a CAGR of 5.0% over the forecast period 2022-2028.

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.

Heat Resistant Coatings Market Revenue Graph

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

Heat Resistant Coatings Market Segment Pie Chart

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.

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

Heat Resistant Coatings Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 6.4 Billion
Market Size by 2028 US$ 9.01 Billion
CAGR CAGR of 5.0% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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


Frequently Asked Questions (FAQ) :

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

 

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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Secondary Research

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