Increasing investment in the construction industry is likely to boost the market for Heat Resistant Coating
- Himanshu Patni
- November 21, 2022
- Heat Resistant Coating Market, Heat Resistant Coating Market Growth, Heat Resistant Coating Market Share, Heat Resistant Coating Market Size, Heat Resistant Coating Market Trends
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The global heat resistant coating market is likely to showcase a growth of around 5% during the forecast period. This can be ascribed to increasing demand for superior quality paints & coatings products which can withstand the high-temperature environment that is common in industries. Further, increasing investment in the construction industry and recovery in the automobile sector is likely to propel the market during the forecast period.
Heat and frequent temperature changes result in surface breakage and corrosion as a result industry has developed heat resistant coating to protect the surfaces that are exposed to rapid temperature changes and high heat. These coatings find application in various industries including automotive & transportation, consumer goods, and building & construction among others. Additionally, these paints & coatings not only protect the surfaces from high heat and temperature but also provide protection against corrosion.
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Based on form, the market is categorized into powder and liquid. Of both, liquid heat resistant coating accounted for a prominent share of the market and is expected to showcase significant growth over the forecast period. This can be ascribed to the easy handling and use of liquid paints over powder as a result consumers preferred liquid-based coatings.
Based on end-user, the market is categorized into automotive & transportation, consumer goods, building & construction, general industry, and others. Among these, automotive & transportation accounted for a prominent share of the market. This can be ascribed to the fact that paint surfaces that are exposed to high temperature like vehicle exhaust requires heat resistant coating to perform efficiently. Due to the large base of vehicles and the growing transportation industry, the segment is one of the largest consumers of heat resistant coating.
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For a better understanding of the market adoption of Heat Resistant Coating, the market is analyzed based on its worldwide presence in the countries such as North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World. Asia-Pacific accounted for a significant share of the market and is expected to showcase considerable growth over the forecast period. The large base of end-use industry and increasing industrial activity in the regional developing countries like India and ASEAN countries is contributing significantly to the growth of the market.
Global Heat Resistant Coating Market Segmentation
Market Insight, by Resin Type
• Modified Resins
Market Insight, by Form
Market Insight, by End-User
• Automotive & Transportation
• Consumer Goods
• Building & Construction
• General Industry
Market Insight, by Region
- North America Heat Resistant Coating Market
- The United States
- Rest of North America
- Europe Heat Resistant Coating Market
- The United Kingdom
- Rest of Europe
- Asia-Pacific Heat Resistant Coating Market
- Rest of Asia-Pacific
- Rest of World Heat Resistant Coating Market
Top Company Profiles
- The Sherwin-Williams Company
- PPG Industries Inc.
- Akzo Nobel N.V.
- Axalta Coating Systems LLC
- Hempel A/S
- Jotun A/S
- Kansai Paint Co. Ltd.
- Tikkurila Oyj
- Nippon Paint Industrial Coatings Co. Ltd.
- KCC Corporation