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.
Increase in the Automotive Industry
Use in the Construction and Building Industry
Price volatility for raw materials.
Use of Bio-Based Resins in Coatings
Growing Investments And Progress
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.
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),
By Resin Type
Automotive & Transportation
Building & Construction
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|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|
|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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 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
8.5 Modified Resins
9.Heat Resistant Coatings Market Segment, By Technology
10.Heat Resistant Coatings Market Segment, By Application
10.1 Automotive & Transportation
10.2 Consumer Goods
10.3 Building & Construction
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profile
12.1 Tikkurila OYJ (Finland)
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)
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Industrial Filtration Market size was USD 32.6 billion in 2022 and is expected to Reach USD 52.35 billion by 2030 and grow at a CAGR of 6.1% over the forecast period of 2023-2030.
Nitrile Gloves Market is valued US$ 9.49 billion in 2022. The nitrile gloves market is predicted to rise at a CAGR of 5.5% to reach a market size of US$ 14.57 billion in 2030.
Micro Injection Molded Plastic Market Size was valued at USD 1145.85 million in 2022, and is expected to reach USD 2640 million by 2030, and grow at a CAGR of 11.0 % over the forecast period 2023-2030.
Smart Textiles Market Size was valued at USD 2.97 billion in 2022, and expected to reach USD 16.51 billion by 2030, and grow at a CAGR of 23.9% over the forecast period 2023-2030.
The Demulsifier Market size was USD 2.4 billion in 2022 and is expected to Reach USD 3.2 billion by 2030 and grow at a CAGR of 3.7% over the forecast period of 2023-2030.
Hi! Click one of our member below to chat on Phone