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Historical Year
Forecast Year
The global market for heat-resistant coatings reached a value of about USD 6.37 billion in 2023. The industry is further expected to grow at a CAGR of about 4.80% in the forecast period of 2024-2032 to reach a value of around USD 9.73 billion by 2032.
Global Heat Resistant Coatings Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 6.37 |
Market Size 2032 | USD Billion | 9.73 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 4.8% |
CAGR 2024-2032 - Market by Region | Latin America | 5.2% |
CAGR 2024-2032 - Market by Country | India | 5.7% |
CAGR 2024-2032 - Market by Country | Brazil | 5.5% |
CAGR 2024-2032 - Market by Resin | Silicone | 5.6% |
CAGR 2024-2032 - Market by End User Industry | Oil and Gas | 5.8% |
Market Share by Country 2023 | Germany | 4.9% |
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The Asia Pacific region is expected to witness the highest growth rate in the heat resistant coatings market. Rising investments by foreign companies, high economic growth rate, growing production facilities, a robust industrial base for industrial, consumer goods, and automotive sectors, low-cost labour, global shift in production from developed countries to emerging countries, and a rise in the standard of living are the major factors contributing to the growth of the heat resistant coatings industry in this region. Rapid industrialisation in the Asia Pacific region, prominently in China and India, is estimated to fuel the growth of the heat-resistant coatings industry. Industries and manufacturers are working on reducing the loss of human lives in their operating plants, and with heat-resistant coating technology, they are efficiently doing it; thus, the market is anticipated to grow in the near future. Heat-resistant coatings in commercial equipment and flammable fluid pipelines are becoming more accessible and economical due to innovations and advancements in this technology. Therefore, it is expected that the market for heat-resistant coatings will see rapid growth in all – developed and developing countries.
Heat-resistant coatings are widely utilised in the construction sector. They are applied to various building materials and products to comply with critical fire safety standards and regulations. The use of heat-resistant coatings helps to decrease fires and improves people's safety and security. Due to expanding manufacturing and service sector infrastructure, rising residential construction, and increased government investment in public works projects, the construction industry has been thriving. The construction industry in India has been fuelled by demand for offices and residential areas. 'The Smart City Project' is one of the more notable examples, with plans to construct 100 smart cities around the country.
Heat-resistant coatings are types of coating that prevent surface corrosion and breaking caused by fast temperature changes. Heat-resistant coatings can deflect heat and electromagnetic radiation. It aids companies in coating pipelines, exhaust pipes, and heat shields, among other things. It is used in a variety of industries, including automotive, transportation, manufacturing, and building and construction.
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By resin, the heat resistant coatings market is segmented into:
The end-user industry includes:
The regional markets for the heat resistant coatings market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
CAGR 2024-2032 - Market by | Country |
India | 5.7% |
Brazil | 5.5% |
China | 5.3% |
Mexico | 5.1% |
UK | 4.7% |
USA | 4.5% |
Canada | XX% |
France | XX% |
Italy | XX% |
Japan | XX% |
Australia | XX% |
Saudi Arabia | XX% |
Germany | 4.2% |
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The global heat-resistant coatings market is growing significantly due to the increasing demand from the construction and automotive industries due to the long-lasting properties of heat-resistant coatings. Increasing the manufacturing of heat-resistant coatings for construction due to their property of absorbing heat and radiation is likely to drive the demand for heat-resistant coatings in the coming years. However, high and volatile prices of raw materials are projected to hinder the growth of heat resistant coatings market. Likewise, developing epoxy coatings for defence equipment from the defence industry may provide a lucrative opportunity for the market players in the near future.
Heat-resistant coatings can control flames and control the fire from spreading for a while. Thus, allowing time for rescue teams, like firefighters and police authorities, to save lives, extinguish the fire, and avoid further property damage. Due to this exceedingly essential and useful attribute, the heat-resistant coatings industry is estimated to grow in the forecast period.
The report gives a detailed analysis of the following key players in the global heat resistant coatings market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Resin |
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Breakup by End User Industry |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global heat-resistant coatings market attained a value of nearly USD 6.37 billion.
The market is projected to grow at a CAGR of 4.80% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 9.73 billion by 2032.
The major drivers of the market include the high economic growth rate, growing production facilities, low-cost labour, global shift in production from developed to emerging countries, rise in the standard of living, rapid industrialisation, rising residential construction, and development of epoxy coatings for defence equipment.
Increasing demand from the construction and automotive industries and rising investments by foreign companies are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Based on resin, the market is segmented into silicone, epoxy, and acrylic, among others.
The end-user industry includes building and construction, oil and gas, transportation, woodworking and furniture, consumer goods, and the power sector, among others.
The major players in the industry are AkzoNobel N.V., Axalta Coating Systems, LLC, Jotun, Kansai Paints Co. Ltd, KCC Corporation, PPG Industries Inc., and The Sherwin Williams Company, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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