(EMAILWIRE.COM, May 19, 2023 ) The heat resistant coating market refers to the industry that produces coatings designed to withstand high temperatures without degradation or damage. These coatings are used in various applications where exposure to heat is common, such as automotive, aerospace, industrial, and construction sectors. The scope of the heat resistant coating market is broad and encompasses a wide range of industries and applications. The market includes various types of coatings such as silicone, epoxy, acrylic, polyurethane, and ceramic-based coatings, each with its specific advantages and limitations.
The report “Heat Resistant Coating Market by Resin Type (Silicone, Epoxy, Acrylic, Polyester, Modified Resins), Technology, Application (Automotive & Transportation, Industrial, Consumer Goods, Building & Construction ) and by Regions – Global Forecast to 2021”, The market size of heat resistant coating is estimated to grow from USD 4.56 Billion in 2016 to USD 6.16 Billion by upcoming years, at a CAGR of 5.11%.
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=113027567
The market is driven by the rising demand of heat resistant coating in the growing automotive & transportation, construction, industrial, and consumer goods industries. Growing awareness of high quality silicone-based products and demand from Asia-Pacific is expected to drive the market.
Browse in-depth TOC on “Heat Resistant Coating Market
136 – Market Data Tables
62 – Figures
181 – Pages
Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=113027567
Automotive & transportation the largest application for heat resistant coating
Heat resistant coatings are used in various applications such as automotive & transportation, building & construction, industrial, consumer goods, and others. In 2015, the automotive & transportation segment accounted for the largest market share, in terms of value. The growing population, especially in China and India, is increasing the demand for improved transportation facilities, thus driving the market. Industrial is the second-largest application of heat resistant coating due to growing awareness about its uses in power & chemical plants and oil & gas and metal processing industries among others.
Silicone resin is the fastest-growing type of heat resistant coating
Silicone resin is the fastest-growing type of heat resistant coating, globally. This is due to its effective durable properties for exterior exposures, excellent performance in highly corrosive environments, and outstanding chemical resistance property. The market growth can be attributed to the increasing use of silicone resins in the automotive & transportation, industrial, and consumer goods industries and its use in the growing manufacturing and construction sectors in Asia-Pacific.
Don’t miss out on business opportunities in Heat Resistant Coating Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=113027567
Rising demand in Asia-Pacific is the major driver of the heat resistant coating market
In 2015, North America is estimated to have accounted for the largest market share, in terms of both volume and value. However, the high demand in Asia-Pacific is expected to be the major driver of the global heat resistant coating market. This is due to the increasing demand for quality coating products, increasing population in the region, and growing innovation & developments in end-use industries.
The players profiled in the heat resistant coating market report are AkzoNobel N.V. (Netherlands), Sherwin Williams Company (U.S.), PPG Industries Inc. (U.S.), Axalta Coating Systems (U.S.), Jotun A/S (Norway), Hempel A/S (Denmark), Kansai Paints Co., Ltd. (Japan), KCC Corporation (South Korea), RPM International Inc. (U.S.), Tikkurila OYJ (Finland), and other regional players.
About MarketsandMarkets
MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Ashish Mehra
MarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com