[219+ Pages Report] According to Facts and Factors, the Global Heat Resistant Coating Market size & share revenue is estimated to grow about USD 8078.59 million by 2028, at a CAGR of approximately 5.40% between 2022 and 2028. The key market players are listed in the report with their sales, revenues and strategies are AkzoNobel N.V., Sherwin Williams Company, PPG Industries Inc., Axalta Coating Systems, Jotun A/S, Hempel A/S, Kansai Paints Co. Ltd, KCC Corporation, RPM International Inc., Tikkurila OYJ., and others.
DUBLIN, Ireland, Sept. 09, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Heat Resistant Coating Market Size, Share, Growth Analysis Report By Resin Type (Silicone, Epoxy, Acrylic, Polyester, Modified Resins, Others), By Technology (Powder, Liquid), By Application (Automotive & Transportation, Consumer Goods, Building & Construction, Industrial, Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028” in its research database.
“According to the latest research study, the demand of global Heat Resistant Coating Market size & share was valued at approximately USD 5892.4 million in 2021. The market is expected to grow above a CAGR of 5.40% and is anticipated to reach over USD 8078.59 million by 2028.”
The report analyses the Heat Resistant Coating market’s drivers and restraints, as well as the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the global Heat Resistant Coating market.
What is Heat Resistant Coating? How big is the Heat Resistant Coating Industry?
Broad spectrum thermal reflective coating technology is used to create heat-resistant coatings, also known as insulative coatings, that block heat radiations with a larger range of thermal energy. This coating inhibits heat conduction through the coating by 90% in the infrared and 85% in the ultraviolet due to the sun's radiation being reflected. These coatings operate in both directions. These coatings operate well in hot environments, are more resistant to corrosion and water, and hold their color better over time.
Additionally, it aids in controlling the spread of fires. The durability, heat resistance, and corrosion resistance, among other industries, can be very advantageous to the automotive, transportation, and structural construction industries. Heat-resistant coatings are frequently used in the building and construction sector. They work to ensure that different building materials and products follow important fire safety rules and guidelines. Applying heat-resistant coatings increases public safety and aids in the suppression of flames.
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Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
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About 219+ Pages Research Report (Including Recent Research)
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Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
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Facts and Factors research methodology
Key Insights from Primary Research
As per the analysis, the Heat Resistant Coating market is likely to grow above a CAGR of around 5.40% between 2022 and 2028.
The Heat Resistant Coating market size was worth around US$ 5892.4 million in 2021 and is estimated to hit approximately US$ 8078.59 million by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
Based on technology, the power category dominated the market in 2021.
Based on application, the automotive and transportation category dominated the market in 2021.
On the basis of region, The Asia Pacific dominated the heat resistant coating market in 2021.
Market Growth Drivers
High demand and utilization drive the market growth
Avoiding overheating of flat roofs, metal, asbestos, or outside walls is the goal of heat-resistant coating. The interiors are kept cold throughout the scorching summer because of how highly reflective it is in the solar spectrum's near-infrared (non-visible) region. The efficiency of air conditioning plants is increased by utilizing heat-resistant coating, which also has the adaptability to handle dynamic motions. There is a significant reduction in greenhouse gas emissions due to the power savings from its use in buildings. Because the paint and coatings industry is so dependent on them, raw materials play a far larger role in this industry. It is crucial to reduce the availability of raw materials.
The acquisition of raw materials is in danger due to the rising trade restrictions. Especially those that employ industrial raw materials like metal, plastic, and chemicals struggle, there are many firms. In addition, market participants will have attractive opportunities due to increasing funding for new infrastructure initiatives, housing construction, and non-residential building renovations. The need for heat-resistant coatings will increase in the future due to new technical developments and greater public awareness of their advantages.
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Heat Resistant Coating Market: COVID-19 Impact Analysis
As a result of the ongoing coronavirus outbreak, there has been a decline in the demand for heat-resistant coatings. The disruptions to the supply chain either stopped or suspended production, and the limitations placed on travel had a substantial influence on the market. They had an effect on the demand for paints and coatings, which in turn had an effect on the demand from the automotive, architectural, and aerospace industries. Paint and coatings manufacturers for autos are one of the industries that have been hit the hardest by the epidemic caused by the coronavirus. Large manufacturers have been forced to stop or postpone ongoing activities and plans as a direct result of the lockdown measures. The automotive coatings sector has been negatively damaged as a result of the failure of other auxiliary industries. The COVID-19 Pandemic has had a number of major repercussions, one of the most important being disruption of supply chains. In spite of this, it is projected that an increase in demand from the building and general industrial sectors will help to improve the market for paints and coatings in the wake of the COVID-19 Pandemic.
As a result of social isolation, self-isolation, and citywide lockdowns, many construction sites around the world have ceased operations, even those that employ people working on critical projects such as hospitals. Because of this, the building industry has suffered significant setbacks. The aggregate of these factors had an impact on the total consumption of paint and coatings around the globe. Both demand and investment in the business have significantly dropped in recent years. As a direct consequence of this, COVID-19 had a generally destructive impact on the market.
The report contains qualitative and quantitative research on the global heat resistant coating market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.
Some of the main players in the global Heat Resistant Coating market include:
Sherwin Williams Company
PPG Industries Inc.
Axalta Coating Systems
Kansai Paints Co. Ltd
RPM International Inc.
Browse the full “Heat Resistant Coating Market Size, Share, Growth Analysis Report By Resin Type (Silicone, Epoxy, Acrylic, Polyester, Modified Resins, Others), By Technology (Powder, Liquid), By Application (Automotive & Transportation, Consumer Goods, Building & Construction, Industrial, Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/heat-resistant-coating-market
Heat Resistant Coating Market: Segmentation Analysis
The heat resistant coating market has been segmented into resin type, technology, applications and region. The heat resistant coating market segments are based on resin type, silicone, epoxy, acrylic, polyester, modified resin, and others. The silicone resin market is predicted to develop significantly in 2021. Based on technology, the market is classified into powder and liquid. The powder category dominated the market in 2021. Based on application, the heat resistant coating market is segmented into automotive & transportation, consumer goods, building & construction, industrial, and others. The automotive and transportation industries are predicted to have the largest revenue share in 2021.
The market segments are North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2021, the Asia Pacific dominated the global heat resistant coating market. The expansion's primary drivers are the transportation sector, rising FDI, new and developing economies, and low-cost labor. The service sector has grown more rapidly due to the digitization wave. The fast-growing service industry is increasing the demand for workplaces and residential properties in Asia-Pacific.
However, the lack of such infrastructure in these nations is also fueling a rise in construction activity in such nations. Due to breakthroughs and technological advancements in the region, the employment of heat resistant coatings for flammable fluid pipelines is increasing dramatically due to the region's continuous fast industrialization, particularly in China, Japan, and India.
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Recent Industry Developments:
February 2019: For new build and shop applications such as refineries, petrochemical plants, and industrial applications, PPG developed PPG Hi-temp 900 coating.
Key questions answered in this report:
What is the market size and growth rate forecast for Heat Resistant Coating industry?
What is the main driving factors propelling the Heat Resistant Coating Market forward?
What are the leading companies in the Heat Resistant Coating Industry?
What segments does the Heat Resistant Coating Market cover?
How can I receive a free copy of the Heat Resistant Coating Market sample report and company profiles?
Market Size in 2021
USD 5892.4 Million
Projected Market Size in 2028
USD 8078.59 Million
CAGR Growth Rate
Key Market Players
AkzoNobel N.V., Sherwin Williams Company, PPG Industries Inc., Axalta Coating Systems, Jotun A/S, Hempel A/S, Kansai Paints Co. Ltd, KCC Corporation, RPM International Inc., Tikkurila OYJ., and Others
By Resin Type, Technology, Application, and Region
Major Regions Covered
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa
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The global Heat Resistant Coating market is segmented as follows:
By Resin Type:
Automotive & Transportation
Building & Construction
Rest of Europe
Rest of Southeast Asia
The Middle East & Africa
Rest of the Middle East & Africa
Rest of Latin America
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Market Size, Trends, & Forecast by Revenue | 2022−2028
Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
Market Segmentation – A detailed analysis by Resin Type, Technology, Application, and Region
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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