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Heat resistant coating Market Trends

Report ID: GMI8376
Published Date: Mar 2024
Report Format: PDF

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Heat Resistant Coating Market Trends

The market for heat-resistant coatings is now exhibiting growing trends that indicate an more emphasis on ecologically friendly formulations because of environmental restrictions and consumer desire for sustainability. Furthermore, advancements in the field of nanotechnology are facilitating the development of coatings with enhanced properties including heat resistance and durability. The market growth fueled by increasing demand from sectors such as automotive, aerospace, and construction. Additionally, the application of advanced technologies is anticipated to drive further expansion, solidifying the position of heat resistant coatings as crucial elements across diverse industries.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of heat resistant coating was reached USD 6 billion in 2023 and is anticipated to register a CAGR of over 5.2% between 2024 and 2032, fueled by growing needs across industries like automotive, aerospace, and construction.

The liquid segment held about 62% share of the heat resistant coating market in 2023 attributed to the ease of application, flexibility, and ability to offer uniform coverage on complex surfaces.

North America heat resistant coating market size crossed 1.8 billion in 2023, fueled by strong demand from automotive, aerospace, and construction sectors.

AkzoNobel N.V., Axalta Coating Systems, Basic Needs Construction and Painting Company, LLC., BASF SE, Hempel A/S, Jotun, KCC Corporation, Kansai Paintings Co. Ltd., RPM International Inc., Right Choice Painting and Construction, Sherwin Williams Company, Teknos Group and Tikkurila OYJ