Growing Transportation Industry in Asia-Pacific
The automotive and other transportation industry in Asia-Pacific has been undergoing rapid growth in the recent years owing to the shifting manufacturing base from western economies. This is majorly due to the low costs of labor, along with the presence of large and approachable consumer base in the region. The automotive production in the region has been on the increase in the past few years and is expected to grow further at a significant rate, majorly in countries such as China, India, Indonesia, and Vietnam. Heat resistant coatings are employed during automotive manufacturing processes, majorly for automotive spline, exhausts, grills, and few electrical components. They aid in maintaining the color as well as providing necessary thermal and chemical resistance to the applied components. The booming automotive production activities in Asia-Pacific are expected to increase the consumption of heat resistant coatings in the region at a significant rate in the coming years.
Epoxy-Based Heat Resistant Coatings to Dominate the Market
Due to their superior mechanical and chemical properties, the demand for epoxy-based heat resistant coatings is expected to increase. Epoxy-based heat resistant coatings are majorly used in the transportation sector. These coatings are known for durability, strength, low maintenance, resistance to chemicals, etc. With the growing demand from automotive and industrial end-users, the market for heat resistant coatings is to grow through the forecast period.
Asia-Pacific to Lead among Other Regions
Asia-Pacific is expanding at a higher rate for heat resistant coatings market. Some of the main reasons for the expansion are growing and emerging economies, transportation industry, increasing FDI, low-cost labor, etc. With the ongoing rapid industrialization in the region, mainly in China and India, the usage of heat resistant coatings in flammable fluid pipelines is growing significantly due to new innovations and technological advancements in the region. These are to support the growth for heat resistant coatings in the region.
Notable Developments in the Market
- April 2017: Wacker launched silicone resins for heat-resistant coatings.
- September 2016: Teknos to acquire Dutch Drywood Coatings.
Reasons to Purchase this Report
- To understand the impact of end-user industries on the market
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- To understand the dominating technology in the market
- Countries expected to witness the fastest growth during the forecast period
- Identify the latest developments, market shares and strategies employed by the major market players
- 3 months analyst support along with the Market Estimate sheet (in excel)
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1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Rising Awareness towards Fire Protection Equipments
4.1.2 Growing Investment in Infrastructure & Construction Industry in Emerging Economies
4.2.1 High Price for Raw Materials
4.2.2 Other Restraints
4.3.1 Increasing Applications of Heat Resistant Coatings in Defence Equipment
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Resin
5.2 By End-User Industry
5.2.2 Oil & Gas
5.3 By Type
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1.4 South Korea
6.1.5 Australia & New Zealand
6.1.6 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.5 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.4 Rest of Middle East & Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Products & Services, Financials**, Recent Developments, and Analyst View)
8.1 BASF SE
8.2 Ancatt inc.
8.4 Akzo Nobel
8.5 Nippon Paints
8.6 PPG Industries
8.7 Wacker Chemie AG
8.9 Sherwin Williams
8.10 Hempel Marine Paints
8.12 Contego International Inc.
8.13 No Burn Inc.
8.16 Kansai Nerolac Paints
8.17 Orbit Coatings
8.19 Teknos Group
8.20 The DECC Company
8.21 Berger Paints
*List Not Exhaustive
**Subject to Feasibility & Availability on Public Domain
- BASF SE
- Ancatt inc.
- Akzo Nobel
- Nippon Paints
- PPG Industries
- Wacker Chemie AG
- Sherwin Williams
- Hempel Marine Paints
- Contego International Inc.
- No Burn Inc.
- Kansai Nerolac Paints
- Orbit Coatings
- Teknos Group
- The DECC Company
- Berger Paints