Global Heat Resistant Coating Market: Increased demand, opportunities and challenges
According to a new report published by Reports Monitor titled, “Global Heat Resistant Coating Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the Heat Resistant Coating Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Heat resistant coatings are a specialized material designed to withstand high heat temperature for prolonged period of time. The silicone present in the coatings increases heat resistance and hence preventing quick degradation of the materials. Some of heat resistant coatings are fluoropolymer and PTFE coatings, ceramic coatings, and polyuria.
The major factors driving the market growth are growing demand for heat resistant coatings in automotive and consumer goods. Adoption of coatings in industrial and commercial sectors also ensures safety of working population hence supporting the market growth. However fluctuation in raw material prices may hamper the growth of market.
The Heat Resistant Coating market report has been categorized in three sections, the first section entitled as market overview offers a holistic view of the market, coupled with its key trends, drivers, restraints and opportunities. Our analyst implements, several qualitative tools such as SWOT analysis, Porter’s five force analysis among other to interpret and represent key industry findings. The second section provides estimated market size and forecast for key market segments and regional market. The final part includes the study of competitors operating in the market, which includes their mergers/acquisitions, new product development and their financial overview.
The heat resistant coating market is majorly segmented on the basis of coating technology, type and applications. Based on the technology adopted market is bifurcated into: liquid based heat resistant coating and powder based heat resistant coating, while on the basis of type, market is segmented into: silicone resin, epoxy, acrylic resin, polyester resin and others. Based on the area of applications, market is bifurcated into: automotive and transportation, consumer goods, industrial and building & construction and others.
Global Heat Resistant Coating market is analyzed across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Expansion in industrial sector in the developing economies such as China and India is the factor influencing the market growth in Asia Pacific.
The major key vendors operating in the hear resistant coating market are: Akzonobel N.V., Axalta Coating Systems, Hempel A/S, Jotun A/S, PPG Industries Inc, The Sherwin-Williams Company, Kansai Paint Co. Ltd, RPM International Inc., Tikkurila Oyj, KCC Corporation.
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