Zion Market Research, the market research group announced the analysis report titled ‘Heat Resistant Coating Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024‘
Global Heat Resistant Coating Market: Overview
Heat resistant coating poses characteristics such as color retention, durability, corrosion resistance, water resistance, excellent performance, and others when exposed to high temperatures. They are widely used for industrial as well as commercial purposes. Silicone resins deliberate outstanding characteristics on exhaust systems and protective coatings, specifically those which are continuously exposed to rapid fluctuations in temperature and high temperatures. Characteristics of heat-resistant coating systems are decided primarily by constituent fillers, binders, and pigments.
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Global Heat Resistant Coating Market: Growth Factors
The global heat resistant coating market is likely to tower in the near future. Increased use of heat-resistant coating in industrial as well as commercial applications has boosted the growth of the global market. In addition to this, increase the demand of heat resistant coatings from the industry is also driving the growth of the global heat resistant coating market. Use of advanced technology in the production of these types of the coating is also one of the main reasons that are towering the global heat resistant coating market.
On the other hand, the high cost for labor is the main reason hindering the global heat resistant coating market. In addition to this, the high cost for transportation of the heat resistant coatings is also one of the significant factors that are hampering the growth of the global heat resistant coating market. Additionally, the hefty amount for maintenance is one of the main reasons that are decreasing the growth of the global market.
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Global Heat Resistant Coating Market: Segmentation
Based on the type, the global market for heat-resistant coating is mainly classified as epoxy, silicone, polyester, acrylic, modified resins, and others.
On the basis of technology, the global market is segmented into powder and liquid.
Based on end application, the global market for heat resistant coating is bifurcated as consumer goods, automotive & transportation, industrial, building & construction, and others.
Global Heat Resistant Coating Market: Regional Analysis
Geographically, the global heat resistant coating market is segmented as Asia Pacific, North America, and Rest of the world. Increased use of heat-resistant coating in industrial as well as commercial sector has elevated the global market in North America. Rise in job opportunities is the main factor that will be driving the global heat resistant coating market in China and India. The Rest of the World is likely to show a steady growth in the near future in the growth of the global market.
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Global Heat Resistant Coating Market: Competitive Players
Local, as well as global players, make the race in the global market very much antagonistic. Key players in the global market for heat resistant coating are Axalta Coating Systems, Akzo Nobel N.V., Sherwin-Williams Company, Jotun A/S., Hempel A/S., PPG Industries Inc., and others.
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