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Heat Resistant Coatings Market Report Scope & Overview:

The Heat Resistant Coatings Market Size was valued at USD 6.8 billion in 2023 and is expected to reach USD 10.6 billion by 2032 and grow at a CAGR of 5.0% over the forecast period 2024-2032.

Growing demand from the industrial and commercial sectors of applications is fostering market expansion for heat-resistant coatings. This is attributed to their consumption of coating heavy machinery parts to avoid overheating and control emissions. Besides, development in production technology opens new ways. On the other side, a rise in shipping costs and emission of toxic gases during the production process increases the product's final price and comes under stringent regulations on VOC emissions, which is seen as a likely obstacle to the market's growth.

Heat Resistant Coatings Market Revenue Analysis

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The market growth will be fueled by consumers increasingly becoming aware of various advantages inherent in heat-resistant coatings such as heat, corrosion, and chemical resistance. The application of these coatings in commercial equipment, flammable fluid pipelines, and defense equipment is becoming more cost-effective, thus boosting its market value. Demand for fire prevention equipment further adds to the growth in the market. For instance, in June 2024, Evonik developed TEGO Therm coatings for EVs, offering thermal insulation and fire resistance to prevent battery thermal runaway. They expanded the range to include heat protection for EV battery housings and covers, meeting stringent safety standards.

Nevertheless, high labor and transportation costs combined with maintenance cost act as restraints to market growth. Then, the pandemic added more barriers on the availability side and the demand side. Fluctuation in raw material prices also affects the growth speed of the heat-resistant coating market.

Increasing investments in new infrastructure projects, housing constructions, and non-residential building renovations demonstrate profitable opportunities for the participants. Also, technological developments and growing awareness of the advantages of heat-resistant coatings are expected to help boost the market in the future.

MARKET DYNAMICS

KEY DRIVERS: 

  • Growing applications in heat-resistant coatings within the equipment of defense.

The heat coatings market is now being substantially driven by growing applications of heat-resistant coatings in defense equipment. Defense equipment, such as military vehicles, aircraft, and naval ships, normally works under very high temperatures in rough conditions and requires protective coatings. Heat-resistant coatings provide needed thermal insulation, corrosion resistance, and fireproofing for raised performance and life expectancy of such equipment. For example, a team of researchers at the Centre for Nanotechnology in IIT-Roorkee developed what they termed "a first-of-its-kind titanium-based coating" in June 2023, which would impart strength and durability to components of equipment used in naval submarines. As defense budgets continue to rise to further advance in materials not only for protection but also for their long life, demand continues to grow for high-performance and heat-resistant coatings, which ferry market growth and innovations in coating technologies.

  • Rising Demand for Heat Resistant Coatings in Industrial and Commercial Applications

High demand for heat-resistant coatings from the industrial and commercial sectors has been identified as one of the major drivers of the heat coatings market. The coatings are applied to protect the machinery, equipment, and structure from high temperature, corrosion, and chemical exposure, which in turn extends the life and performance of the concerned material. For instance, Disolac will launch Heat Resistant Paint, a high-temperature-resistant DTM paint. The company is developing the Heat Resistant Paint to meet demand in the industrial segment and resist continuous temperatures of up to 700°C (1292°F). Similarly, in October 2022, Covestro introduced a heat-resistant coating for mono-PE stand-up pouches made with SABIC® BOPE polymer, facilitating their recyclability and advancing packaging sustainability. In industrial segments, heat resistance coatings are applied on heavy machinery, pipelines, manufacturing equipment, etc., to avoid overheating and thus maintain efficiency in their operation. Commercial applications include HVAC systems, ovens, and fire prevention equipment. With the industries working toward more productivity and safety, the requirements for performing and reliable heat-resistant coatings are increasing, multiplying the market growth and new technologies.

RESTRAIN:

  • Stricter Regulations on VOC Emissions

OPPORTUNITY:

  • High investments and sustainability force growth in Heat Resistant Coatings.

CHALLENGES:

  • Fluctuations in energy prices and raw materials are major challenges for Heat Resistant Coatings.

KEY MARKET SEGMENTS

By Resin Type

  • Silicone

  • Epoxy

  • Acrylic

  • Polyester

  • Modified Resins

  • Others 

Based on resin type, the Epoxy resin type dominated the Heat Resistant Coatings market in 2023 with a revenue share of about 37%. Epoxy coating finds extensive usage in Heat Resistant Coating Market. In Petrochemical Facility, Oilfield, and Offshore, it outweighs the entire application. Due to its property of impact and abrasion resistance, epoxy coatings are quite popular. Epoxy coatings are organic polymers produced through chemical reactions between epoxy resins and hardeners / coreactants / curatives. They are also thermosets, meaning that once cured, they cannot be melted and reformed like a vinyl or plastic can. Excessive heat will degrade the chemical bonds in a thermoset and cause it to degrade, discolor, lose ductility, and/or become brittle. It is well known that epoxy resins degrade under solar radiation and chalk in sunlight. With such properties, the segment of epoxy coatings is forecasted to boost the market during the forecast period.

By Technology

  • Powder based

  • Liquid-based 

The liquid-based segment leads the heat resistant coatings market with a share of about 65% since it is versatile and thus highly easy to apply on different substrates. Some of the major advantages associated with liquid-based coatings include good adhesion, flexibility, and the capability to cover several complex shapes and surfaces with ease. Therefore, such coatings are used in most industries related to heat resistance—for instance, in the automotive and aerospace industries, and manufacturing industrial equipment. They excel in thermal insulation and corrosion protection properties that enhance stringent performance requirements. Further, improvements in formulation technologies have helped them enhance their heat-resistance potential, thereby fueling demand across a multitude of critical applications where durability and reliability are paramount.

Heat Resistant Coatings Market Segmentation Analysis

By End-use

  • Automotive & Transportation

  • Consumer Goods

  • Building & Construction

  • Oil & Gas

  • Woodworking & Furniture

  • Others

The automotive and transportation segment dominated the market in 2023 with a share of about 35% and is expected to grow tremendously during the forecast period. This can be due to the growing demand for high-performance coatings, showing high-temperature resistance and environmental resistance, normally required in the auto and aerospace sectors. Temperatures worthy of a heat-resistant coating apply not only to protection against high temperatures, but also to save fuel and reduce noxious emissions from the engine, exhaust system, and other associated parts. These factors together contribute to a facilitating growth in the heat-resistant coatings market.

Regional Analysis:

The Asia Pacific region dominated the heat-resistant coating market in terms of revenue share at 38%, due to the huge, growing population, and the subsequent better demand for all kinds of products and services, from automotive and construction to industrial goods. Demand for heat-resistant coatings applied in various industrial applications of that region would be everlasting, as there always remains the need for high-performance coating types capable of bearing high temperatures and harsh environments. Moreover, the increasing investment in infrastructure development and construction activities, especially in countries like China and India, would further boost the market size for heat-resistant coatings. It is expected that, with the increasing demand from the automotive industry, the demand for heat-resistant coatings may also get a boost since the industry will require the same for coatings on their engine parts, exhausts, and components exposed to high temperatures. In April 2024, Coatings World highlighted the upcoming summer months to have temperatures near 50°C, making air conditioning unaffordable in South and Southeast Asia. AkzoNobel's Keep Cool Technology, available since 2010 and also known as Sun Reflect technology, is integrated into Dulux Weathershield paints and basecoats, aiding in temperature reduction. AkzoNobel's Cool Chemistry includes Interpon D2525 coatings, CERAM-A-STAR 1050 SMP coatings, and Dulux Weathershield Sun Reflect paint, reducing surface temperatures by up to 5°C.

REGIONAL COVERAGE:

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

Key Players:

Some of the major players in the Heat Resistant Coatings Market are 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).and other players.

Sherwin Williams Company (US)-Company Financial Analysis

 

RECENT DEVELOPMENTS

  • May 2023: AkzoNobel launched a bisphenol-free internal coating for the ends of beverage cans. This product will help in catering to the surge in demand for alternative coatings due to a foreseen surge following the opinion by EFSA about BPA restrictions in metal packaging of food and beverage products. Bisphenols are part of so many industries today—a growing urgency for change, following the published opinion of EFSA.

  • April 2023: AkzoNobel to acquire Chinese Decorative Paints business from Sherwin-Williams AkzoNobel is to further strengthen its China position after reaching an agreement with Sherwin-Williams to acquire its Chinese Decorative Paints business*. Completion, which is subject to regulatory approvals, is expected in the second half of 2023.

  • April 2023: Indicus Paint launched a new Heatseal heat reflective coating that makes buildings relaxed and efficient. It's a next-generation coating with excellent properties related to reflection for heat insulation.

  • February 2023: Wacker launched two heat-resistant silicone resin binders for the creation of industrial coatings that would tolerate very high temperatures.

Heat Resistant Coatings Market Report Scope:

Report Attributes Details
Market Size in 2023 US$ 6.8 billion
Market Size by 2032 US$ 10.6 Billion
CAGR CAGR of 5.0% From 2024 to 2032
Base Year 2023
Forecast Period 2024-2032
Historical Data 2020-2022
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),
•By Technology (Powder based, Liquid based),
•By End-use (Automotive & Transportation, Consumer Goods, Building & Construction, Oil & Gas, Woodworking & Furniture)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, 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)
Key Drivers

Growing applications in heat-resistant coatings within the equipment of defense.    

Rising Demand for Heat Resistant Coatings in Industrial and Commercial Applications

Restraints Stricter Regulations on VOC Emissions

Frequently Asked Questions

Ans: Asia Pacific region holds the largest market share in the Heat Resistant Coatings Market during the forecast period.

Ans: Price volatility for raw materials and High Price are the restraints for Heat Resistant Coatings Market.

Ans:  Fluctuations in energy prices and raw materials are major challenges for Heat Resistant Coatings.

Ans: Heat Resistant Coatings Market size was USD 6.8 billion in 2023 and is expected to Reach USD 10.6 billion by 2032.

 

Ans: The Heat Resistant Coatings Market is expected to grow at a CAGR of 7.0%.

 

TABLE OF CONTENTS

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Industry Flowchart

3. Research Methodology

4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

5. Porter’s 5 Forces Model

6. Pest Analysis

7. Heat Resistant Coatings Market Segmentation, By Resin Type

7.1 Introduction

7.2 Silicone

7.3 Epoxy

7.4 Acrylic

7.5 Polyester

7.6 Modified Resins

7.7 Others

8. Heat Resistant Coatings Market Segmentation, By Technology

8.1 Introduction

8.2 Powder based

8.3 Liquid based

9. Heat Resistant Coatings Market Segmentation, By End use

9.1 Introduction

9.2 Automotive & Transportation

9.3 Consumer Goods

9.4 Building & Construction

9.5 Oil & Gas

9.6 Woodworking & Furniture

9.7 Others

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 Trend Analysis

10.2.2 North America Heat Resistant Coatings Market by Country

10.2.3 North America Heat Resistant Coatings Market By Resin Type

10.2.4 North America Heat Resistant Coatings Market By Technology

10.2.5 North America Heat Resistant Coatings Market By End use

10.2.6 USA

10.2.6.1 USA Heat Resistant Coatings Market By Resin Type

10.2.6.2 USA Heat Resistant Coatings Market By Technology

10.2.6.3 USA Heat Resistant Coatings Market By End use

10.2.7 Canada

10.2.7.1 Canada Heat Resistant Coatings Market By Resin Type

10.2.7.2 Canada Heat Resistant Coatings Market By Technology

10.2.7.3 Canada Heat Resistant Coatings Market By End use

10.2.8 Mexico

10.2.8.1 Mexico Heat Resistant Coatings Market By Resin Type

10.2.8.2 Mexico Heat Resistant Coatings Market By Technology

10.2.8.3 Mexico Heat Resistant Coatings Market By End use

10.3 Europe

10.3.1 Trend Analysis

10.3.2 Eastern Europe

10.3.2.1 Eastern Europe Heat Resistant Coatings Market by Country

10.3.2.2 Eastern Europe Heat Resistant Coatings Market By Resin Type

10.3.2.3 Eastern Europe Heat Resistant Coatings Market By Technology

10.3.2.4 Eastern Europe Heat Resistant Coatings Market By End use

10.3.2.5 Poland

10.3.2.5.1 Poland Heat Resistant Coatings Market By Resin Type

10.3.2.5.2 Poland Heat Resistant Coatings Market By Technology

10.3.2.5.3 Poland Heat Resistant Coatings Market By End use

10.3.2.6 Romania

10.3.2.6.1 Romania Heat Resistant Coatings Market By Resin Type

10.3.2.6.2 Romania Heat Resistant Coatings Market By Technology

10.3.2.6.4 Romania Heat Resistant Coatings Market By End use

10.3.2.7 Hungary

10.3.2.7.1 Hungary Heat Resistant Coatings Market By Resin Type

10.3.2.7.2 Hungary Heat Resistant Coatings Market By Technology

10.3.2.7.3 Hungary Heat Resistant Coatings Market By End use

10.3.2.8 Turkey

10.3.2.8.1 Turkey Heat Resistant Coatings Market By Resin Type

10.3.2.8.2 Turkey Heat Resistant Coatings Market By Technology

10.3.2.8.3 Turkey Heat Resistant Coatings Market By End use

10.3.2.9 Rest of Eastern Europe

10.3.2.9.1 Rest of Eastern Europe Heat Resistant Coatings Market By Resin Type

10.3.2.9.2 Rest of Eastern Europe Heat Resistant Coatings Market By Technology

10.3.2.9.3 Rest of Eastern Europe Heat Resistant Coatings Market By End use

10.3.3 Western Europe

10.3.3.1 Western Europe Heat Resistant Coatings Market by Country

10.3.3.2 Western Europe Heat Resistant Coatings Market By Resin Type

10.3.3.3 Western Europe Heat Resistant Coatings Market By Technology

10.3.3.4 Western Europe Heat Resistant Coatings Market By End use

10.3.3.5 Germany

10.3.3.5.1 Germany Heat Resistant Coatings Market By Resin Type

10.3.3.5.2 Germany Heat Resistant Coatings Market By Technology

10.3.3.5.3 Germany Heat Resistant Coatings Market By End use

10.3.3.6 France

10.3.3.6.1 France Heat Resistant Coatings Market By Resin Type

10.3.3.6.2 France Heat Resistant Coatings Market By Technology

10.3.3.6.3 France Heat Resistant Coatings Market By End use

10.3.3.7 UK

10.3.3.7.1 UK Heat Resistant Coatings Market By Resin Type

10.3.3.7.2 UK Heat Resistant Coatings Market By Technology

10.3.3.7.3 UK Heat Resistant Coatings Market By End use

10.3.3.8 Italy

10.3.3.8.1 Italy Heat Resistant Coatings Market By Resin Type

10.3.3.8.2 Italy Heat Resistant Coatings Market By Technology

10.3.3.8.3 Italy Heat Resistant Coatings Market By End use

10.3.3.9 Spain

10.3.3.9.1 Spain Heat Resistant Coatings Market By Resin Type

10.3.3.9.2 Spain Heat Resistant Coatings Market By Technology

10.3.3.9.3 Spain Heat Resistant Coatings Market By End use

10.3.3.10 Netherlands

10.3.3.10.1 Netherlands Heat Resistant Coatings Market By Resin Type

10.3.3.10.2 Netherlands Heat Resistant Coatings Market By Technology

10.3.3.10.3 Netherlands Heat Resistant Coatings Market By End use

10.3.3.11 Switzerland

10.3.3.11.1 Switzerland Heat Resistant Coatings Market By Resin Type

10.3.3.11.2 Switzerland Heat Resistant Coatings Market By Technology

10.3.3.11.3 Switzerland Heat Resistant Coatings Market By End use

10.3.3.12 Austria

10.3.3.12.1 Austria Heat Resistant Coatings Market By Resin Type

10.3.3.12.2 Austria Heat Resistant Coatings Market By Technology

10.3.3.12.3 Austria Heat Resistant Coatings Market By End use

10.3.3.13 Rest of Western Europe

10.3.3.13.1 Rest of Western Europe Heat Resistant Coatings Market By Resin Type

10.3.3.13.2 Rest of Western Europe Heat Resistant Coatings Market By Technology

10.3.3.13.3 Rest of Western Europe Heat Resistant Coatings Market By End use

10.4 Asia-Pacific

10.4.1 Trend Analysis

10.4.2 Asia-Pacific Heat Resistant Coatings Market by Country

10.4.3 Asia-Pacific Heat Resistant Coatings Market By Resin Type

10.4.4 Asia-Pacific Heat Resistant Coatings Market By Technology

10.4.5 Asia-Pacific Heat Resistant Coatings Market By End use

10.4.6 China

10.4.6.1 China Heat Resistant Coatings Market By Resin Type

10.4.6.2 China Heat Resistant Coatings Market By Technology

10.4.6.3 China Heat Resistant Coatings Market By End use

10.4.7 India

10.4.7.1 India Heat Resistant Coatings Market By Resin Type

10.4.7.2 India Heat Resistant Coatings Market By Technology

10.4.7.3 India Heat Resistant Coatings Market By End use

10.4.8 Japan

10.4.8.1 Japan Heat Resistant Coatings Market By Resin Type

10.4.8.2 Japan Heat Resistant Coatings Market By Technology

10.4.8.3 Japan Heat Resistant Coatings Market By End use

10.4.9 South Korea

10.4.9.1 South Korea Heat Resistant Coatings Market By Resin Type

10.4.9.2 South Korea Heat Resistant Coatings Market By Technology

10.4.9.3 South Korea Heat Resistant Coatings Market By End use

10.4.10 Vietnam

10.4.10.1 Vietnam Heat Resistant Coatings Market By Resin Type

10.4.10.2 Vietnam Heat Resistant Coatings Market By Technology

10.4.10.3 Vietnam Heat Resistant Coatings Market By End use

10.4.11 Singapore

10.4.11.1 Singapore Heat Resistant Coatings Market By Resin Type

10.4.11.2 Singapore Heat Resistant Coatings Market By Technology

10.4.11.3 Singapore Heat Resistant Coatings Market By End use

10.4.12 Australia

10.4.12.1 Australia Heat Resistant Coatings Market By Resin Type

10.4.12.2 Australia Heat Resistant Coatings Market By Technology

10.4.12.3 Australia Heat Resistant Coatings Market By End use

10.4.13 Rest of Asia-Pacific

10.4.13.1 Rest of Asia-Pacific Heat Resistant Coatings Market By Resin Type

10.4.13.2 Rest of Asia-Pacific Heat Resistant Coatings Market By Technology

10.4.13.3 Rest of Asia-Pacific Heat Resistant Coatings Market By End use

10.5 Middle East & Africa

10.5.1 Trend Analysis

10.5.2 Middle East

10.5.2.1 Middle East Heat Resistant Coatings Market by Country

10.5.2.2 Middle East Heat Resistant Coatings Market By Resin Type

10.5.2.3 Middle East Heat Resistant Coatings Market By Technology

10.5.2.4 Middle East Heat Resistant Coatings Market By End use

10.5.2.5 UAE

10.5.2.5.1 UAE Heat Resistant Coatings Market By Resin Type

10.5.2.5.2 UAE Heat Resistant Coatings Market By Technology

10.5.2.5.3 UAE Heat Resistant Coatings Market By End use

10.5.2.6 Egypt

10.5.2.6.1 Egypt Heat Resistant Coatings Market By Resin Type

10.5.2.6.2 Egypt Heat Resistant Coatings Market By Technology

10.5.2.6.3 Egypt Heat Resistant Coatings Market By End use

10.5.2.7 Saudi Arabia

10.5.2.7.1 Saudi Arabia Heat Resistant Coatings Market By Resin Type

10.5.2.7.2 Saudi Arabia Heat Resistant Coatings Market By Technology

10.5.2.7.3 Saudi Arabia Heat Resistant Coatings Market By End use

10.5.2.8 Qatar

10.5.2.8.1 Qatar Heat Resistant Coatings Market By Resin Type

10.5.2.8.2 Qatar Heat Resistant Coatings Market By Technology

10.5.2.8.3 Qatar Heat Resistant Coatings Market By End use

10.5.2.9 Rest of Middle East

10.5.2.9.1 Rest of Middle East Heat Resistant Coatings Market By Resin Type

10.5.2.9.2 Rest of Middle East Heat Resistant Coatings Market By Technology

10.5.2.9.3 Rest of Middle East Heat Resistant Coatings Market By End use

10.5.3 Africa

10.5.3.1 Africa Heat Resistant Coatings Market by Country

10.5.3.2 Africa Heat Resistant Coatings Market By Resin Type

10.5.3.3 Africa Heat Resistant Coatings Market By Technology

10.5.3.4 Africa Heat Resistant Coatings Market By End use

10.5.3.5 Nigeria

10.5.3.5.1 Nigeria Heat Resistant Coatings Market By Resin Type

10.5.3.5.2 Nigeria Heat Resistant Coatings Market By Technology

10.5.3.5.3 Nigeria Heat Resistant Coatings Market By End use

10.5.3.6 South Africa

10.5.3.6.1 South Africa Heat Resistant Coatings Market By Resin Type

10.5.3.6.2 South Africa Heat Resistant Coatings Market By Technology

10.5.3.6.3 South Africa Heat Resistant Coatings Market By End use

10.5.3.7 Rest of Africa

10.5.3.7.1 Rest of Africa Heat Resistant Coatings Market By Resin Type

10.5.3.7.2 Rest of Africa Heat Resistant Coatings Market By Technology

10.5.3.7.3 Rest of Africa Heat Resistant Coatings Market By End use

10.6 Latin America

10.6.1 Trend Analysis

10.6.2 Latin America Heat Resistant Coatings Market by country

10.6.3 Latin America Heat Resistant Coatings Market By Resin Type

10.6.4 Latin America Heat Resistant Coatings Market By Technology

10.6.5 Latin America Heat Resistant Coatings Market By End use

10.6.6 Brazil

10.6.6.1 Brazil Heat Resistant Coatings Market By Resin Type

10.6.6.2 Brazil Heat Resistant Coatings Market By Technology

10.6.6.3 Brazil Heat Resistant Coatings Market By End use

10.6.7 Argentina

10.6.7.1 Argentina Heat Resistant Coatings Market By Resin Type

10.6.7.2 Argentina Heat Resistant Coatings Market By Technology

10.6.7.3 Argentina Heat Resistant Coatings Market By End use

10.6.8 Colombia

10.6.8.1 Colombia Heat Resistant Coatings Market By Resin Type

10.6.8.2 Colombia Heat Resistant Coatings Market By Technology

10.6.8.3 Colombia Heat Resistant Coatings Market By End use

10.6.9 Rest of Latin America

10.6.9.1 Rest of Latin America Heat Resistant Coatings Market By Resin Type

10.6.9.2 Rest of Latin America Heat Resistant Coatings Market By Technology

10.6.9.3 Rest of Latin America Heat Resistant Coatings Market By End use

11. Company Profiles

11.1 Tikkurila OYJ (Finland)

11.1.1 Company Overview

11.1.2 Financial

11.1.3 Products/ Services Offered

11.1.4 The SNS View

11.2 AkzoNobel N.V. (Netherlands)

11.2.1 Company Overview

11.2.2 Financial

11.2.3 Products/ Services Offered

11.2.4 The SNS View

11.3 Sherwin Williams Company (US)

11.3.1 Company Overview

11.3.2 Financial

11.3.3 Products/ Services Offered

11.3.4 The SNS View

11.4 KCC Corporation (South Korea)

11.4.1 Company Overview

11.4.2 Financial

11.4.3 Products/ Services Offered

11.4.4 The SNS View

11.5 PPG Industries Inc. (US)

11.5.1 Company Overview

11.5.2 Financial

11.5.3 Products/ Services Offered

11.5.4 The SNS View

11.6 Jotun A/S (Norway)

11.6.1 Company Overview

11.6.2 Financial

11.6.3 Products/ Services Offered

11.6.4 The SNS View

11.7 Hempel A/S (Denmark)

11.7.1 Company Overview

11.7.2 Financial

11.7.3 Products/ Services Offered

11.7.4 The SNS View

11.8 Axalta Coating Systems (US)

11.8.1 Company Overview

11.8.2 Financial

11.8.3 Products/ Services Offered

11.8.4 The SNS View

11.9 Kansai Paints Co., Ltd (Japan)

11.9.1 Company Overview

11.9.2 Financial

11.9.3 Products/ Services Offered

11.9.4 The SNS View

11.10 RPM International Inc. (US)

11.10.1 Company Overview

11.10.2 Financial

11.10.3 Products/ Services Offered

11.10.4 The SNS View

12. Competitive Landscape

12.1 Competitive Benchmarking

12.2 Market Share Analysis

12.3 Recent Developments

12.3.1 Industry News

12.3.2 Company News

12.3.3 Mergers & Acquisitions

13. Use Case and Best Practices

14. Conclusion

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.

Secondary Research

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.

Primary Research

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.

Data Bank Validation

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.


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