The UAE Heat Resistant market is experiencing robust growth owing to the factors such increasing demand among end-user industries such as construction and automotive industries due to its long-lasting, increasing development of epoxy coatings for defence equipment’s along with burgeoning application on wooden surfaces, walls, pipelines, equipment. Moreover, introduction of various residential construction and smart city project, increasing demand for passenger car due to rapid urbanization and surging penetration of smartphones are projected to emanant the growth of the market in the forthcoming timeline.
According to MarkNtel Advisors’ research report “UAE Heat Resistant Paint Market Analysis, 2020”, the UAE Heat Resistant Paint market is anticipated to grow at a considerable CAGR during 2021-26F. Based on Resin, Silicone Resin acquired the considerable market share in 2019 due to its properties such as long-lasting reduced water absorption, rain resistance and high water vapor permeability. Besides this, rising application of silicone resin motorcycles and cars in order to protect from harmful UV rays and rust and in building & construction to extend life and add performance to buildings
“UAE Heat Resistant Paint Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Heat Resistant Paint providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Dubai Exhibits the Fastest Growth
Dubai is anticipated to attain highest CAGR by 2026 in the UAE Heat Resistant Paint market. The growth is accredited to strong growth in the industrial sectors, burgeoning government spending on the infrastructural development due to host of EXPO 2021, launch of various smart city projects, along with growing applications of heat resistant coatings in commercial sectors. Moreover, the perennial demand for heat resistance paint from the defense, power production, and automotive industries are fueling the growth of Heat Resistant Paint Market in the forthcoming period as stated in MarkNtel Advisors’ research report “UAE Heat Resistant Paint Market Analysis, 2020”.
According to MarkNtel Advisors’, the key players with a considerable market share in the UAE Heat Resistant Paint market are Wacker Chemie AG, National Paints Factories Co. Ltd., Blackfriar Paints (Tor Coatings), Kansai Paint Co., Ltd, Jotun A/S, AkzoNobel NV, Hempel A/S, PPG Industries Inc., KCC Corporation, Axalta Coating Systems, Rutland, Others etc.
Key questions answered in the study: