360 MARKET UPDATES Report provides a 360-degree overview of the global Heat Resistant Coatings Market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Report Title: “Global Heat Resistant Coatings Market – Segmented by, Resin, Product Type, End-User, and Geography – Growth, Trends and Forecasts (2018 – 2023)”
Global “Heat Resistant Coatings Market” is expected to register a CAGR of approximately 5.1% during the forecast period of (2018 – 2023). Also, Heat Resistant Coatings Market report provides the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Heat Resistant Coatings Analysis.
Heat Resistant Coatings market Report provides a 360-degree overview of the global Heat Resistant Coatings market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Heat Resistant Coatings Market Report Covers Leading Manufacturers: BASF SE, Ancatt inc., Jotun, Akzo Nobel, Nippon Paints, PPG Industries, Wacker Chemie AG, DowDuPont, Sherwin Williams, Hempel Marine Paints, FCS, Contego International Inc., No Burn Inc., AIC, Dampney, Kansai Nerolac Paints, Orbit Coatings, Nullifire, Teknos Group, The DECC Company, Berger Paints
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The global heat resistant coatings market is estimated to record a CAGR of 5.1% during the forecast period (2018 – 2023). Asia-Pacific is estimated to lead the market due to the ongoing growth in the construction, and transportation sector in the region. Epoxy-based coatings are to dominate the market during the forecast period.
Growing Transportation Industry in Asia-Pacific
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.
Epoxy-Based Heat Resistant Coatings to Dominate the Market
Due to their superior mechanical and chemical properties, the demand for epoxy-based heat resistant coatings is expected to increase. Epoxy-based heat resistant coatings are majorly used in the transportation sector. These coatings are known for durability, strength, low maintenance, resistance to chemicals, etc. With the growing demand from automotive and industrial end-users, the market for heat resistant coatings is to grow through the forecast period.
Asia-Pacific to Lead among Other Regions
Asia-Pacific is expanding at a higher rate for heat resistant coatings market. Some of the main reasons for the expansion are growing and emerging economies, transportation industry, increasing FDI, low-cost labor, etc. With the ongoing rapid industrialization in the region, mainly in China and India, the usage of heat resistant coatings in flammable fluid pipelines is growing significantly due to new innovations and technological advancements in the region. These are to support the growth for heat resistant coatings in the region.
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Reasons to Purchase Heat Resistant Coatings Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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