Heat Reflective Paints and Coatings Market – Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2022


Heat reflective paints and coatings are usually applied on buildings as external paints to decrease the heat load from solar irradiation. Heat reflective paints and coatings have been available in the market since long time, but now-a-days the application of such paints have increased in the market. These types of paints are used in industrial and architectural applications to give substantial cost savings through reduced energy use for temperature control. The main application of such paints and coatings are to reflect the heat component of sunlight. Such phenomenon lead to a decrease of exterior surface temperatures and accordingly the heat load on buildings and pipework. These paints employ silica/ceramic microspheres to provide high reflect infra-red radiations. Due to higher reflective value, such paints are extensively used in coating exterior of storage tanks in oil industry so that it should be protected from excessive temperatures.

The automotive & logistics sector is one of the major contributors toward the heat reflective paints and coatings market. The high growth in economies and the increasing per capita income among the consumers in developing countries are increasing the demand for automobiles. This, in turn, is increasing the demand for heat reflective paints and coatings in this area. This trend is expected to continue in the automotive & logistics sector leading to the growth of the market during the forecast period. In emerging economies, such as China, India, and Brazil, industrial and infrastructure markets are growing, which is expected to impact the heat reflective paints and coatings market positively. Further, the use of heat reflective paints and coatings is increasing in building & construction, industrial, consumer goods, and oil & gas industries, and this is expected to expand the growth of the market.

Asia Pacific is a significant region in heat reflective paints and coatings market with the presence of export-oriented manufacturing capacities and large domestic demands from various domestic end-user industries. The growth of automotive & logistics industries is further driving the market growth in the region. The anticipated economic stability in Europe is expected to boost its manufacturing sector, helping the growth of the heat reflective paints and coatings market. North America is expected to remain the key region in the market with major contribution coming from the US. Some of the prominent companies operating in the heat reflective paints and coatings market are AkzoNobel N.V. (Netherlands), Sherwin Williams Company (U.S.), PPG Industries Inc. (U.S.), Axalta Coating Systems (U.S.), Jotun A/S (Norway), Hempel A/S (Denmark), and Kansai Paints Co., Ltd. (Japan).

End-users:

  • Automotive & Logistics
  • Building & Constructions
  • Others

Geography:

  • Asia Pacific
  • North America
  • Europe
  • Rest of the World

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