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Heat Resistant Coating Market Worth 6.16 Billion USD by 2021


News provided by

MarketsandMarkets

04 Aug, 2016, 13:30 GMT

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PUNE, India, August 4, 2016 /PRNewswire/ --

The report "Heat Resistant Coating Market by Resin Type (Silicone, Epoxy, Acrylic, Polyester, Modified Resins), Technology, Application (Automotive & Transportation, Industrial, Consumer Goods, Building & Construction) and by Regions - Global Forecast to 2021", published by MarketsandMarkets, The market size is estimated to grow from USD 4.56 Billion in 2016 to USD 6.16 Billion by 2021, at a CAGR of 5.11% between 2016 and 2021.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 136 market data Tables and 62 Figures spread through 181 Pages and in-depth TOC on "Heat Resistant Coating Market"

http://www.marketsandmarkets.com/Market-Reports/heat-resistant-coating-market-113027567.html

Early buyers will receive 10% customization on this report. 

The market is driven by the rising demand of heat resistant coating in the growing automotive & transportation, construction, industrial, and consumer goods industries. Growing awareness of high quality silicone-based products and demand from Asia-Pacific is expected to drive the market.

Automotive & transportation the largest application for heat resistant coating 

Heat resistant coatings are used in various applications such as automotive & transportation, building & construction, industrial, consumer goods, and others. In 2015, the automotive & transportation segment accounted for the largest market share, in terms of value. The growing population, especially in China and India, is increasing the demand for improved transportation facilities, thus driving the market. Industrial is the second-largest application of heat resistant coating due to growing awareness about its uses in power & chemical plants and oil & gas and metal processing industries among others.

Silicone resin is the fastest-growing type of heat resistant coating 

Silicone resin is the fastest-growing type of heat resistant coating, globally. This is due to its effective durable properties for exterior exposures, excellent performance in highly corrosive environments, and outstanding chemical resistance property. The market growth can be attributed to the increasing use of silicone resins in the automotive & transportation, industrial, and consumer goods industries and its use in the growing manufacturing and construction sectors in Asia-Pacific.

Rising demand in Asia-Pacific is the major driver of the heat resistant coating market 

In 2015, North America is estimated to have accounted for the largest market share, in terms of both volume and value. However, the high demand in Asia-Pacific is expected to be the major driver of the global Heat Resistant Coating Market. This is due to the increasing demand for quality coating products, increasing population in the region, and growing innovation & developments in end-use industries.

Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=113027567

The players profiled in the heat resistant coating market report are AkzoNobel N.V. (Netherlands), Sherwin Williams Company (U.S.), PPG Industries Inc. (U.S.), Axalta Coating Systems (U.S.), Jotun A/S (Norway), Hempel A/S (Denmark), Kansai Paints Co., Ltd. (Japan), KCC Corporation (South Korea), RPM International Inc. (U.S.), Tikkurila OYJ (Finland), and other regional players.

Browse Related Reports: 

Abrasion Resistant Coatings Market By Type (Ceramic Based and Polymer Based), Application (Oil & Gas, Industrial, Marine, Power Generation, Infrastructure, Transport, and Others) & by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) - Global Trends & Forecasts to 2021
http://www.marketsandmarkets.com/Market-Reports/abrasion-resistant-coating-market-122764842.html

High Temperature Coatings Market Resin Type (Epoxy, Silicone, Polyester, Acrylic, Alkyd & Others), by Technology (Water, Solvent, & Powder), by Application (Petrochemical, Metal, Stoves, Marine, Automotive, Coil, Aerospace) & by Region - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/high-temperature-coatings-market-135158406.html

Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp

 About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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