Heat Resistant Coating Market Will Reach $5.13 Bn in 2017

Monday 20 March 2017, Amsterdam

A new report, now available on ASDReports, concludes that the world market for the Heat Resistant Coating will reach $5.13 billion in 2017. This analysis and others appear in Heat Resistant Coating Market 2017-2027: Forecast By Form (Liquid & Powder), By Resin Type (Silicone, Epoxy, Acrylic, Polyester, Modified Resin), By End-Use Industry (Automotive, Industrial, Consumer Goods, Building & Construction) & By Region Plus Profiles of Top Companies by the key player.

Heat resistant coating is a high-performance coating that is formulated and recommended for applications where the substrates are exposed continuously or intermittently to temperatures above 302°F (150°C)-1,274°F (690°C). Heat-resistant coatings have properties such as durability, colour retention, water resistance, corrosion resistance, and excellent performance upon exposure to high temperatures. These coatings are used to protect the spread of fire or lessen the damage caused by fire to surfaces. The market has grown significantly in recent years and is expected to grow at a more rapid pace during the coming decade.

The heat resistant coatings are used in a wide variety of applications such as automotive & transportation, building & construction, industrial application, consumer product applications, marine, aerospace & defence, and others. Asia-Pacific is the fastest-growing market. The growth is mainly attributed to high economic growth, followed by heavy investments in automotive & transportation, marine, building & construction, industrial, and other applications, continued industrialisation, and rise in the manufacturing sector of this region. The developing middle-class population in the region also drives the demand for these coatings for various applications.

Silicone resin was the fastest-growing market in 2016, which will continue to grow in future owing to increase in demand from automotive and consumer goods applications. Silicone is the largest segment of the heat resistant coating market owing to its innate ability to withstand prolonged exposure to higher temperatures than most other coating chemistries. Silicone resin is growing rapidly in Asia-Pacific at a CAGR of 7.2% owing to the increasing demand from automotive & transportation and industrial applications.

This 191 page report contains 163 tables, charts and graphs that add visual analysis in order to explain developing trends within the heat resistant coatings. The key player provides forecasts for the period 2017 to 2027 in terms of value (US$) for the heat resistant coatings market. In addition, 13 submarkets are forecasted and analysed over the period 2017 to 2027. The report also provides profiles of 10 leading companies operating within the market such as AkzoNobel, Axalta Coating Systems, Hempel, etc.

Heat Resistant Coating Market 2017-2027: Forecast By Form (Liquid & Powder), By Resin Type (Silicone, Epoxy, Acrylic, Polyester, Modified Resin), By End-Use Industry (Automotive, Industrial, Consumer Goods, Building & Construction) & By Region Plus Profiles of Top Companies will be of value to current and future potential investors wanting to better understand the heat resistant coatings industry and its underlying dynamics, as well as companies and research centres who wish to broaden their knowledge of the heat resistant coatings market.