UAE Heat Resistant Paint Market Analysis, 2020
UAE Heat Resistant Paint Market Analysis, 2020 research report depicts a deep dive market analysis of statistics of UAE Heat Resistant Paint market which consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
Market Opportunities
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 2021-2026F. The growth of the market is accredited to the burgeoning application of heat resistance paint in the automotive industry for efficient engine operations, rapid industrialization and increasing usage of advanced technology. Moreover, growing demand from end-use industries such as consumer electronics, aerospace & defence along with increasing investment towards construction activities and rising awareness toward fire protection equipment are the factors driving the growth of the market in the forthcoming timeline.
Market Segmentation
Aerospace & Defence Segment Registers Fastest Growth
Based on End-user, Aerospace & Defence segment is anticipated to register the fastest growth in the UAE Heat Resistant Paint in 2019 due to burgeoning applications of heat-resistant coatings in defence equipment to provide protection from corrosion, UV radiation, erosion, and temperature variations. Besides this, the Building and Construction segment is anticipated to witness steady growth in the near on account of extensive demand for heat resistance paint in the construction sector to increase the safety and security of the people as it reduces fire attack. Moreover, rising government spending on public infrastructure and burgeoning demand for offices and residential space is projected to fuel the demand for heat resistance paint. Hence, this is strongly contributing toward the growth of the Heat Resistant Paint market UAE in the near future as revealed by the MarkNtel Advisors’ research report “UAE Heat Resistant Paint Market Analysis, 2020”.
Impact of COVID-19
The UAE Heat Resistant Paint market is affected primarily by the COVID-19 pandemic. This is due to a significant decline in the demand on account of temporary shutdown or decreased their capacity in the manufacturing plants. The demand for heat resistance paint is projected to upsurge in the near future.
Competitive Landscape
According to MarkNtel Advisors’, the key players with a considerable market share in the UAE Heat Resistant Paint market include 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 Market Research Report:
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
A. The market size/industry size or the market value is measured in terms of USD Million.
A. The UAE Heat Resistant Paint Market is forecast to grow at a considerable CAGR during 2021-2026F.
A. 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 are few of the leading players in the UAE Heat Resistant Paint Market.
A. Automotive & Transportation is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
A. Dubai continues to grow at the highest CAGR, presenting immense opportunities for market players of UAE Heat Resistant Paint Market.
