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Heat-resistant Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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Heat-resistant Coatings Market: Overview

Heat-resistant coatings have properties such as durability, color retention, water resistance, corrosion resistance, and excellent performance upon exposure to high temperatures. Heat-resistant coatings are increasingly becoming an integral part of various commercial and industrial applications. They are used in various end-user industries such as construction, oil & gas, bedding & furniture, transportation & aerospace, and packaging. Silicone resins confer excellent properties on protective coatings and exhaust systems, especially those exposed continuously to extreme temperatures and rapid fluctuations in temperature. Properties of heat-resistant coating systems are determined primarily by constituent binders, fillers, and pigments. Silicone resin coatings readily withstand temperatures in excess of 600°C without getting destroyed or suffering adhesion failure. These are resistant to abrasion, chemicals, and light. They possess pigmentability and good compatibility with other systems. All these properties naturally impart gloss to the surface on which heat-resistant coatings are applied. The coating thickness ranges from a few hundred micrometers to millimeters. These coatings insulate components from high and prolonged heat loads through utilization of thermally insulating materials that can sustain an appreciable difference between temperatures of the load-bearing alloy and the coating surface.

Heat-resistant Coatings Market: Dynamics and Trends

Heat-resistant coatings or thermal barrier coatings (TBC) are highly advanced materials usually applied to metallic surfaces such as parts of gas turbines or aero-engines, which operate at elevated temperatures, as a part of exhaust heat management. Heat-resistant coatings limit the thermal exposure to structural components from higher operating temperatures. This property extends the life of parts by reducing oxidation and thermal fatigue. Modern thermal resistant coatings often provide active cooling too, which permits working fluid temperatures higher than the melting point of the metal airfoil in some turbine applications.

There has been an increasing demand for highly efficient engine operations (efficiency increases at higher temperatures), better durability/lifetime, and thinner coatings to reduce weight of components of moving/rotating parts. Property of resistance to heat, corrosion, and chemicals is thus expected to drive the global heat-resistant coatings market. In terms of volume, automotive & transportation is expected to be the speedily expanding application segment of the global heat-resistant coatings market. Some of the general requirements for an effective heat-resistant coating include high melting, no phase transformation between room temperature and operating temperature, low thermal conductivity, chemical inertness, similar thermal expansion matching with the metallic substrate, good adherence to the substrate, and low sintering rate for a porous microstructure.

Heat-resistant Coatings Market: Segmentation

The heat-resistant coatings market can be segmented by end-user (construction, oil & gas, bedding & furniture, transportation & aerospace, packaging, and others), by region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), and by type of resin (cellulosic, silicone, epoxy, acrylic, and others).

Heat-resistant Coatings Market: Region-wise Outlook

Asia Pacific is the speedily expanding market for heat-resistant coatings, in terms of revenue as well as volume. High economic growth rate, growing manufacturing industries, low-cost labor, increasing foreign investments, increasing demand from end-user industries, and the global shift in production from developed countries to emerging countries are major factors leading to growth of the heat-resistant coatings market in the region.

Heat-resistant Coatings Market: Key Players

Key players operating in the heat-resistant coatings market include Akzo Nobel N.V., Axalta Coating Systems, Hempel A/S, and Jotun A/S.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


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