The global Heat Resistant Coatings market was valued at US$ 4901.7 million in 2020 and it is expected to reach US$ 6531.9 million by the end of 2027, growing at a CAGR of 4.1% during 2021-2027.
Heat resistant coatings also known as passive fire protection or intumescent coatings provide protection to equipment and structures from fire or flames with high temperature. These coatings are used to protect the spread of fire or lessen the damage caused by fire to surfaces. Heat resistant coatings are mostly used in the Civil Construction and Oil and Gas industries.
The automotive and other transportation industry in Asia-Pacific has been undergoing rapid growth in the recent years owing to the shifting manufacturing base from western economies. This is majorly due to the low costs of labor, along with the presence of large and approachable consumer base in the region. The automotive production in the region has been on the increase in the past few years and is expected to grow further at a significant rate, majorly in countries such as China, India, Indonesia, and Vietnam. Heat resistant coatings are employed during automotive manufacturing processes, majorly for automotive spline, exhausts, grills, and few electrical components. They aid in maintaining the color as well as providing necessary thermal and chemical resistance to the applied components. The booming automotive production activities in Asia-Pacific are expected to increase the consumption of heat resistant coatings in the region at a significant rate in the coming years.
Global Heat Resistant Coatings Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Heat Resistant Coatings Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Akzo Nobel, Ancatt, Jotun, Basf, Contego International, Hempel Marine Paints, Jotun, Nippon Paint, No Burn, Nullifire, Sherwin Williams and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-heat-resistant-coatings-market-outlook
Segment by Type
- Modified Resins
Segment by Application
- Automotive & Transportation
- Consumer Goods
- Building & Construction
Table of Content:
1 Heat Resistant Coatings Market Overview
2 Heat Resistant Coatings Market Competition by Manufacturers
3 Heat Resistant Coatings Retrospective Market Scenario by Region
4 Global Heat Resistant Coatings Historic Market Analysis by Type
5 Global Heat Resistant Coatings Historic Market Analysis by Application
6 Key Companies Profiled
7 Heat Resistant Coatings Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Heat Resistant Coatings Market Dynamics
10 Global Heat Resistant Coatings Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta