Heat Resistant Coating Market by Growth, Demand & Opportunities & Forecast To 2028 | Top Players Teknos, Etex group, Sika, RPM International

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Overview of the Heat Resistant Coating Market:

Heat-resistant coatings help protect the surfaces that are exposed to rapid temperature changes and high heat. Ceramic coatings are the highest heat resistance category readily available to be applied by coating. There is an increasing demand for heat-resistant coatings in various end-use industries due to their properties, such as durability, water opposition, corrosion resistance, shading maintenance, and amazing performance at high temperatures. These coatings are used in various end-use industries such as oil & gas, automotive, construction, bedding & furniture, packaging, and others.

Market Drivers:

High demand for heat resistant coatings from in various end-use industries is expected to boost the growth of the global heat resistant coating market during the forecast period. For instance, in July 2019, Nippon Paint Marine Coatings Co Ltd launched new heat resistant coating, named Ever Cool, designed to reduce the effect of the Sun's infrared rays on ship operations. In addition to decks, the new coating can also be applied to the topside of ballast water and cargo tanks, to ensure their contents remain at a safe and steady temperature. It can be used to coat aluminum cladding in the building industry and to reduce the interior temperature of parked cars.

Moreover, increasing utilization of heat resistant coating, technological advancements, growth in consumer goods and automotive applications, and growing construction industry are some major factors expected to augment the growth of the global heat resistant coating market over the forecast period.

Market Restraints:

Volatility in raw material prices and legislations restricting the use of hazardous chemicals are expected to hinder growth of the global heat-resistant coating market over the forecast period.

Regional Insights:

Among regions, North America and Asia Pacific are expected to witness robust growth in the global heat resistant coating market due to the increasing use of heat resistant coating in both industrial and commercial applications, increasing construction activities, increasing demand from the automotive & transportation industry, and introduction of novel/innovative products in these regions. Heat-resistant coatings are often used in the construction industry to meet fire safety standards and codes. Heat-resistant coatings helps reduce the risk of fire and increase the safety and security of the people. For instance, according to the India Brand Equity Foundation (IBEF), India, China, and the U.S. are expected to account for almost 60% of all global growth in the construction sector by 2025.

✤ Prominent Key players of the Heat Resistant Coating market survey report:

Teknos, Etex group, Sika, RPM International, Hempel, Sherwin-Williams, Jotun, PPG, AkzoNobel, and Kansai Paints, among others.

For instance, in May 2019, Teknos Group acquired Finnproduct to extend its client base to the homegrown market.

In March 2019, Sika launched epoxy intumescent fire insurance coating for underlying steel under the brand name Sika Unitherm Platinum-120, for interior or exterior application.

Key Segments Covered in Heat Resistant Coating Market - Industry Analysis By Types, Applications, and Regions:

✤ Type Outlook -

- Automotive & transportation
- Building & construction
- Consumer goods
- Industrial and equipment
- Others

✤ Application Outlook -

- Automotive & transportation
- Building & construction
- Consumer goods
- Industrial and equipment
- Others

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Regional Analysis of the Heat Resistant Coating Market:

The global Heat Resistant Coating Market research report details the ongoing market trends, development outlines, and several research methodologies. It illustrates the key factors that directly manipulate the Market, for instance, production strategies, development platforms, and product portfolio. According to our researchers, even minor changes within the product profiles could result in huge disruptions to the above-mentioned factors.

• North America (United States, Canada, and Mexico),
• Europe (Germany, France, UK, Russia, and Italy)
• Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
• South America (Brazil, Argentina, Colombia, etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What insights does the Heat Resistant Coating Market report provide to the readers?

➜ Heat Resistant Coating fragmentation on the basis of product type, end-use, and region
➜ Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape
➜ Collaborations, R&D projects, acquisitions, and product launches of each Heat Resistant Coating player
➜ Various regulations imposed by the governments on the consumption of Heat Resistant Coating in detail
➜ Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global Heat Resistant Coating

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Reasons to Purchase this Report:

1) Qualitative and quantitative analysis of the Heat Resistant Coating Market based on segmentation involving both economic as well as non-economic factors.

2) Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the Heat Resistant Coating Market.

3) Competitive landscape which incorporates the Market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.

4) The current as well as the future Market outlook of the Market with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.

5) Includes in-depth analysis of the market from various perspectives through Porter's five forces analysis.

In the end, the Heat Resistant Coating Market report offers insight and expert analysis of key market trends and behaviors, along with an overview of Market data and major brands. Heat Resistant Coating Market reports provide all data with easily digestible information to drive future innovation and power your business for every established business.

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