Market Overview:
The global refractory coatings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for refractory coatings from various end-use industries, such as ceramics, glass, metals, plastics and other applications. In terms of type, the water based segment is expected to dominate the global refractory coatings market during the forecast period. This can be attributed to its properties such as environmental friendliness and low VOC emissions.
Product Definition:
Refractory coatings are applied as a thin film to the surface of metals and ceramics. They are used to protect these materials from high-temperature environments, such as those found in furnaces and kilns. The refractory coating can withstand the high temperatures without breaking down or melting, which would damage the underlying material.
Water Based:
Water-based coatings are a class of coating materials that are water based and do not contain solvents. They can be applied using spray, immersion, or brush on the surface to be coated. Water-based coatings dry faster than solvent-based ones due to rapid evaporation of water from the coating layer which leads to low drying time and faster curing time resulting in better performance.
Solvent Based:
Solvent-based coatings are widely used in the refractory industry. Refractory materials are heat resistant and durable ceramic materials that are used in the production of advanced ceramics such as high temperature insulation, thermal barrier coatings, pipes & tanks for thermal insulation and other applications. Solvent based coating is applied on refractories to protect them from corrosion which occurs due to high temperature environment inside a furnace during ceramic processing.
Application Insights:
Ceramics was the largest application segment in 2016 and is expected to witness significant growth over the forecast period. Ceramic products are used in a variety of end-use industries including building & construction, automotive, electronics & semiconductors, and food processing. The growing ceramics industry across the globe is anticipated to propel product demand.
Refractory coatings are majorly used for metalworking applications as they provide protection against high temperatures along with other properties such as strength corrosion resistance abrasion etcetera that are desired by manufacturers of machining tools blades cutting edges milling machines etcetera.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region is attributed to rapid industrialization, availability of cheap labor, raw material suppliers as well as potential markets for refractory coatings. China and India are among the top five ceramic producers in the world; thus, it will positively influence product demand.
Europe accounted for a significant share of global revenue in 2017 owing to high demand from automotive industry coupled with stringent regulations by REACH regarding VOC emissions from paints & coatings products. In addition, growing construction sector mainly driven by rising investments on infrastructural projects such as airports and sports stadiums across European countries will drive product consumption further.
North America emerged as one of the promising regions with U S being one of key manufacturing hubs for passenger cars.
Growth Factors:
- Increasing demand for high-temperature coatings in the automotive and aerospace industries due to the need for improved heat resistance and corrosion protection.
- Growing demand from emerging economies such as China and India for refractory coatings in various end-use industries such as construction, automotive, and energy.
- Rising investments by coating manufacturers in R&D to develop new products that can meet the specific requirements of different end-use applications.
- Increasing use of refractory coatings in thermal insulation systems to improve energy efficiency and reduce greenhouse gas emissions.
- Technological advancements that have led to the development of novel coating technologies such as plasma spraying, physical vapor deposition (PVD), and chemical vapor deposition (CVD)
Scope Of The Report
Report Attributes
Report Details
Report Title
Refractory Coatings Market Research Report
By Type
Water Based, Solvent Based
By Application
Ceramics, Glass, Metals, Plastics, Other
By Companies
HA International, Aremco, Durrans Group, ZYP Coatings, REFCOTEC, Furnace Mineral Products
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
141
Number of Tables & Figures
99
Customization Available
Yes, the report can be customized as per your need.
Global Refractory Coatings Market Report Segments:
The global Refractory Coatings market is segmented on the basis of:
Types
Water Based, Solvent Based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Ceramics, Glass, Metals, Plastics, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- HA International
- Aremco
- Durrans Group
- ZYP Coatings
- REFCOTEC
- Furnace Mineral Products
Highlights of The Refractory Coatings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Water Based
- Solvent Based
- By Application:
- Ceramics
- Glass
- Metals
- Plastics
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Refractory Coatings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Refractory coatings are a type of coating that resist heat and wear. They are used on metal parts in industrial applications, such as boilers, turbines, and air conditioners.
Some of the major companies in the refractory coatings market are HA International, Aremco, Durrans Group, ZYP Coatings, REFCOTEC, Furnace Mineral Products.
The refractory coatings market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Refractory Coatings Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Refractory Coatings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Refractory Coatings Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Refractory Coatings Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Refractory Coatings Market Size & Forecast, 2020-2028
4.5.1 Refractory Coatings Market Size and Y-o-Y Growth
4.5.2 Refractory Coatings Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Water Based
5.2.2 Solvent Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Ceramics
6.2.2 Glass
6.2.3 Metals
6.2.4 Plastics
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Refractory Coatings Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Refractory Coatings Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Water Based
9.6.2 Solvent Based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Ceramics
9.10.2 Glass
9.10.3 Metals
9.10.4 Plastics
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Water Based
10.6.2 Solvent Based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Ceramics
10.10.2 Glass
10.10.3 Metals
10.10.4 Plastics
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Water Based
11.6.2 Solvent Based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Ceramics
11.10.2 Glass
11.10.3 Metals
11.10.4 Plastics
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Water Based
12.6.2 Solvent Based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Ceramics
12.10.2 Glass
12.10.3 Metals
12.10.4 Plastics
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Water Based
13.6.2 Solvent Based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Ceramics
13.10.2 Glass
13.10.3 Metals
13.10.4 Plastics
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Refractory Coatings Market: Competitive Dashboard
14.2 Global Refractory Coatings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 HA International
14.3.2 Aremco
14.3.3 Durrans Group
14.3.4 ZYP Coatings
14.3.5 REFCOTEC
14.3.6 Furnace Mineral Products
