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Global Heat Resistant Coatings Market: By Resin: Silicone, Epoxy, Acrylic, Others; By End User Industry: Building and Construction, Oil and Gas, Transportation, Woodworking and Furniture, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Heat Resistant Coatings Market Outlook

The global market for heat-resistant coatings reached a value of about USD 5.8 billion in 2021. The industry is further expected to grow at a CAGR of about 4.80% in the forecast period of 2023-2028 to reach a value of around USD 7.7 billion by 2027.

 

Asia Pacific to be a Significant Regional Market for Heat Resistant Coatings

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.

 

Business and Construction Segment to Dominate the Market Growth

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.

 

Market Segmentations

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.

By resin, the heat resistant coatings market is segmented into:

  • Silicone 
  • Epoxy
  • Acrylic
  • Others

The end-user industry includes:

  • Building and Construction
  • Oil and Gas
  • Transportation
  • Woodworking and Furniture
  • Consumer Goods
  • Power Sector
  • Others

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.

 

Increasing Demand from Construction and Automotive Industries Augmenting the Market Growth

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.

 

Key Players in the Global Market for Heat Resistant Coatings

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:

  • AkzoNobel N.V.
  • Axalta Coating Systems, LLC
  • Jotun
  • Kansai Paints Co. Ltd
  • KCC Corporation
  • PPG Industries Inc.
  • The Sherwin Williams Company
  • Others

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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Resin
  • End User Industry
  • Region
Breakup by Resin
  • Silicone 
  • Epoxy
  • Acrylic
  • Others
Breakup by End User Industry
  • Building and Construction
  • Oil and Gas
  • Transportation
  • Woodworking and Furniture
  • Consumer Goods
  • Power Sector
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • AkzoNobel N.V.
  • Axalta Coating Systems, LLC
  • Jotun
  • Kansai Paints Co. Ltd
  • KCC Corporation
  • PPG Industries Inc.
  • The Sherwin Williams Company
  • Others
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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Heat Resistant Coatings Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Heat Resistant Coatings Historical Market (2018-2022) 
    8.3    Global Heat Resistant Coatings Market Forecast (2023-2028)
    8.4    Global Heat Resistant Coatings Market by Resin
        8.4.1    Silicone 
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Epoxy
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Acrylic
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Others
    8.5    Global Heat Resistant Coatings Market by End User Industry
        8.5.1    Building and Construction
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Oil and Gas
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Transportation
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Woodworking and Furniture
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Consumer Goods
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2022)
            8.5.5.3    Forecast Trend (2023-2028)
        8.5.6    Power Sector
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2018-2022)
            8.5.6.3    Forecast Trend (2023-2028)
        8.5.7    Others
    8.6    Global Heat Resistant Coatings Market by Region
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022) 
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028)
9    North America Heat Resistant Coatings Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Heat Resistant Coatings Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Heat Resistant Coatings Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Heat Resistant Coatings Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Heat Resistant Coatings Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    AkzoNobel N.V.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Axalta Coating Systems, LLC
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Jotun
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Kansai Paints Co. Ltd
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    KCC Corporation
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    PPG Industries Inc.
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    The Sherwin Williams Company
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Others
16    Key Trends  and Developments in the Market

List of Figures and Tables

1.    Global Heat Resistant Coatings Market: Key Industry Highlights, 2018 and 2028
2.    Global Heat Resistant Coatings Historical Market: Breakup by Resin (USD Billion), 2018-2022
3.    Global Heat Resistant Coatings Market Forecast: Breakup by Resin (USD Billion), 2023-2028
4.    Global Heat Resistant Coatings Historical Market: Breakup by End User Industry (USD Billion), 2018-2022
5.    Global Heat Resistant Coatings Market Forecast: Breakup by End User Industry (USD Billion), 2023-2028
6.    Global Heat Resistant Coatings Historical Market: Breakup by Region (USD Billion), 2018-2022
7.    Global Heat Resistant Coatings Market Forecast: Breakup by Region (USD Billion), 2023-2028
8.    North America Heat Resistant Coatings Historical Market: Breakup by Country (USD Billion), 2018-2022
9.    North America Heat Resistant Coatings Market Forecast: Breakup by Country (USD Billion), 2023-2028
10.    Europe Heat Resistant Coatings Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    Europe Heat Resistant Coatings Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Asia Pacific Heat Resistant Coatings Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Asia Pacific Heat Resistant Coatings Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Latin America Heat Resistant Coatings Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Latin America Heat Resistant Coatings Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Middle East and Africa Heat Resistant Coatings Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Middle East and Africa Heat Resistant Coatings Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Global Heat Resistant Coatings Market Structure

Key Questions Answered in the Report

In 2021, the global heat-resistant coatings market attained a value of nearly USD 5.8 billion.

The market is projected to grow at a CAGR of 4.80% between 2023 and 2028.

The market is estimated to witness healthy growth in the forecast period of 2023-2028 to reach USD 7.7 billion by 2027.

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.

Analyst Review

The global heat resistant coatings market attained a value of USD 5.8 billion in 2021, driven by the increasing demand from the construction and automotive industries. Aided by the rising residential construction and rising investments by foreign companies, the market is expected to witness further growth in the forecast period of 2023-2028, growing at a CAGR of 4.80%. The market is projected to reach USD 7.7 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. 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 regional markets for heat-resistant coatings are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The key players in the above heat resistant coatings market 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.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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