Heat Resistant Coating Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Resin Type (Silicone, Epoxy, Polyester, Acrylic, Modified Resins, and Others); Form (Powder and Liquid); End-User (Automotive & Transportation, Consumer Goods, Building & Construction, General Industry, and Others); and Region and Country
The global heat resistant coating market is likely to showcase a growth of around 5% during the forecast period. Surfaces that witness a frequent change in temperature or face a high-heat environment are prone to surface breakage or corrosion. Most varieties of paints & coatings are not able to withstand 300-degree Fahrenheit temperatures, thereby creating demand for high-temperature resistant paints & coatings. These heat-resistant coating products are suitable for objects that are exposed to high temperatures, such as pipelines, exhaust pipes, heat shields, stoves, grills, and fireplaces chimneys. As the industrial process gets much more advance and more intricate, thereby is a demand for equipment that can withstand harsh conditions including heat and rapid temperature fluctuations. Further, countries across the globe are investing heavily in the construction of advanced infrastructure, which can withstand all kinds of weather conditions without fail. These factors are likely to boost the demand for heat-resistant coating during the forecast period.
Insights Presented in the Report
“Amongst resin type, silicone held a prominent share in the market in 2020”
Based on resin type, the market is categorized into silicone, epoxy, polyester, acrylic, modified resins, and others. Among these, silicone acquired a significant share in the market and is expected to maintain a good position during the forecast period owing to its better thermal stability property compared to its counterparts and also resisting the yellowing of the equipment.
“Amongst form, liquid heat resistant coating accounted for a significant share in 2020”
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.
“Asia-Pacific is expected to retain its position during the forecast period”
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 accounts for a significant share of the market and is expected to maintain its leading position over the forecast period owing to its large base of end-use industry, increasing investment in the construction industry, growing demand from consumers, and rising standard of living. The region is the largest market for automotive, construction, and consumer goods as a result consume a significant number of heat-resistant paints & coatings products.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
- The report presents a quick review of overall industry performance at one glance
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive country-level analysis of the industry
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|2.1.||Research Process of the Heat Resistant Coating Market|
|2.2.||Research Methodology of the Heat Resistant Coating Market|
|5||IMPACT OF COVID-19 ON THE HEAT RESISTANT COATING MARKET|
|6||HEAT RESISTANT COATING MARKET REVENUE (USD MN), 2020-2028F|
|9.1.||Automotive & Transportation|
|9.3.||Building & Construction|
|10.1.1.||The United States|
|10.1.3.||Rest of North America|
|10.2.2.||The United Kingdom|
|10.2.6.||Rest of Europe|
|10.3.4.||Rest of Asia-Pacific|
|10.4.||Rest of World|
|12||HEAT RESISTANT COATING MARKET OPPORTUNITIES|
|13||HEAT RESISTANT COATING MARKET TRENDS|
|14.1.||Demand Side Analysis|
|14.2.||Supply Side Analysis|
|15||VALUE CHAIN ANALYSIS|
|16.1.1.||Porters Fiver Forces Analysis|
|17.1.||The Sherwin-Williams Company|
|17.2.||PPG Industries Inc.|
|17.3.||Akzo Nobel N.V.|
|17.4.||Axalta Coating Systems LLC|
|17.7.||Kansai Paint Co. Ltd.|
|17.9.||Nippon Paint Industrial Coatings Co. Ltd.|
Research Methodology for Global Heat Resistant Coating Market Analysis (2020-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of heat resistant coating, three major steps are undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the heat resistant coating industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of heat resistant coating through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the heat resistant coating market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. The major segment is included in the report by resin type, form, and end-user. Further regional and country-level analyses were conducted to evaluate the overall adoption of heat resistant coating globally.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of heat resistant coating. Further, we conducted factor analysis using dependent and independent variables growing construction activities and increasing demand for high-quality products. A thorough analysis was conducted for demand and supply-side scenarios considering an increasing investment, top partnerships, mergers and acquisitions, business expansion, and product launches in the Heat Resistant Coating industry.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Heat Resistant Coating market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the bottom-up approach were applied to arrive at the market forecast to 2028 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of heat resistant coating across the major markets
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the heat resistant coating market. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants by Stakeholders and Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Heat Resistant Coating market. Data was split into several segments & sub-segments post studying various parameters and trends in the area of resin type, form, and end-user.
The main objective of the Heat Resistant Coating market study
The current & future market trends of global Heat Resistant Coating were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of heat resistant coating in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segment in the study include the area of the resin type, form, and end-user
- Defined analysis of the regulatory framework for the heat resistant coating industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of heat resistant coating for the major countries
- Major regions/countries analyzed in the report include North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), and Rest of World
- Company profiles of the heat resistant coating market players and the growth strategies adopted by them to sustain in the growing market
Deep dive country-level analysis of the industry