Heat-Resistant Paints Market on Exciting Growth Path

Published on 29 Dec, 2014

Heat-resistant paints or coatings are specially manufactured to withstand extremely high temperatures for longer durations. These paints do not degrade quickly compared to their normal counterparts and are resistant to high temperature, heat and thermal variations. These paints are different from fire-retarded coatings, which are usually used to protect metal surfaces. Heat-resistant paints have various industrial applications, including coatings on barbecues, pipes, lab benches and walls, petrochemical tanks, water tanks, mufflers, silencers, boiler fronts, data server rooms, ducts, chimney stacks, and furnaces and their piping structures.

The market for heat-resistant paints or coatings is rapidly growing as these paints provide higher protection to walls, prevent corrosion and rust formations, resist high temperatures and offer protection from irreparable damages. Growth in this market is mainly driven by increasing demand in Western countries, which is supported by rising consumer incomes and availability of state-of-the-art facilities in all sectors.

With increasing competition, major companies are launching quality products. Increasing consumer preference for better products is forcing companies to change R&D strategies. More than 1,000 patents are filed each year in this segment.

Consistent Patent Filing Activity in the Last Six Years

Patent filing has constantly increased from 2009 to 2014, with the highest number of filings reported in 2012.

Patent Filing Heat Resistant Paint
Patent Filing in last six years - Countries

China and Japan dominate the research space, with approximately 52% and 15% of overall patents filed, respectively, over the last six years. The large number of patent applications in China can be attributed to a strong, booming rise in different industries.

Top Companies Focus on Different Aspects of Heat-Resistant Paints

To tap the lucrative market for heat-resistant paints, several companies, such as Mitsubishi Corp., Sumitomo Chemical Co., Shin Etsu Chemical Co., Hitachi Chemical Co. Ltd., Panzhihua Iron & Steel Res, and Dainippon Printing Co. Ltd., have entered the segment. In terms of the number of patents filed, Mitsubishi Corp. leads with 130 patent applications in the last five years, followed by Sumitomo Chemical Co.

Company Number patents filed (2008 onwards) Key Focus Areas
Mistubishi Corp 130 Coating metal surfaces with heat-resistant films and forming a heat-resistant layer
Sumitomo Chemical Co 86 Increasing resistance of outer layer of surface coating to be used in cutting tools and combining it with superior wear resistance and lubricity
Shin Etsu Chemical Co 75 Forming porous heat-resistant layer on electrode or semi-conductor surfaces
Hitachi Chemical Co Ltd 71 Preparations of polyamide-imide resin insulating paints with low permittivity and high partial discharge inception voltage while maintaining excellent heat resistance, mechanical characteristics and oil resistance
Panzhihua Iron & Steel Res 52 Preparations of high-temperature protective coating and its application methods

Source: Aranca analysis based on Thomson Innovation Data

Future Focus of Research in Heat-Resistant Paints

The global market for heat-resistant paints includes a variety of applications such as coatings on pipes, lab benches and walls, petrochemical tanks, water tanks, mufflers, silencers, boiler fronts, data server rooms, furnaces and their piping structures. Global sales in this market are expected to rise in line with the developments in Western and BRICS economies. To tap the lucrative opportunity of global expansion, companies are working on advanced research and technologies to launch superior products.

Our analysis shows that future research in this area would focus on higher chemical stability of the paints with state-of-the-art chemical processing facilities. Some specific solutions would include the following:

  • Simplified preparation methods of heat-resistant coatings
  • Preparations with additional properties along with increased resistance (such as resistance to wear and tear, and more mechanical resilience)
  • Compositions for improving heat resistance and methods of applications