(MENAFN- America News Hour) Heat resistant coating is a type of protective coating which protects paints which are exposed to high temperature. The main component of these paints is silicon resin which prevents damage or tarnishing compared to conventional paints. When exposed to flame or high temperatures, these paints swell up to prevent heat conduction. Heat resistant coatings find a lot of application in sectors like construction, oil,and gas, packaging etc.
End-user/Technology
Due to its properties like corrosion resistance, color retention, durability and water resistance, it had wide industrial as well as commercial use. Silicone resin type of coatings is mainly applied to exhaust systems as they face fluctuating rise in temperature. It is also applied to materials which work in thehighly corrosive environment.
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Market Dynamics
Factors predicted to drive market growth and demand worldwide are as follows
Rise in demand from growing number of automobiles
Increasing use to be applied to metallic surface of aero engines, as they operate at high temperature
Modern heat resistant coatings provide cooling effect which also increased demand
Challenges faced by this market are as follows
Due to increasing cost of transportation, sale of heat resistant coating may decrease
Maintenance cost may also be another deterrent
Market Segmentation
The global heat resistant coatings market can be segmented in terms of type, end-user sector,and application. On the basis of type, it can be segmented into
Silicone
Polyester
Modified Resins
Acrylic
Others
On the basis of end-user sector, it can be segmented into
Oil and gas
Transport and aerospace
Construction
Packaging
Bedding and Furniture
Consumer Goods
Others
On the basis of application, it can be segmented into
Hydrocarbon
Cellulosic
Regional/Geographic Analysis
North America accounts for the largest market share, both for value and volume. But due to increasing population in Asian countries like India and China, there will be an increase in demand for heat resistant coatings. Also growing innovations for end-use industries in these countries is also another factor. Growing awareness about silicone type of coatings in Asia-Pacific region is causing growth in its market share.
Key Players
Some of the major players include Berger Paints, Dampney, Nippon Paint, Hempel Marine Paints, Akzo Nobel, FCS, Nullfire, BASF Coatings, Dupont,and others.
Report Contents Regional Analysis Report Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market - Current Trends
Competition & Major Companies
Technology and R & D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
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Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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