PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1145461
PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1145461
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.
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.
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.
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.
The global heat resistant coating market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.