What is Refractory Coating?
Refractory coatings are widely applied to refractory materials to protect them and enhance refractoriness. Refractory coatings are high-temperature resistant coatings, which makes them best applicable for the processing of ceramics, metals, plastics, and glass. The growing adoption of zirconia-rich, high-temperature refractory coating among the consumers as it helps to improve kiln performance and efficiency will boost the demand for refractory coatings. In today’s time, refractory water-based coatings are becoming more popular as consumers are looking for coating with fast-drying capacity.
The market study is broken down by Type (Anti-Oxidation Coating Materials, Anti-Radiation Coating Materials, Acid-Resistant Coating Materials, Alkali-Resistant Coating Materials and Thermal Insulation Coating Materials), by Application (Bricks, Ceramic and Metals) and major geographies with country level break-up.
The key manufacturers are targeting the innovations of the products with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions in order to maintain their presence in the market Analysts at AMA Research estimates that Vendors from United States will contribute to the maximum growth of Global Refractory Coating market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ZYP Coatings Inc. (United States), The Durrans Group (United Kingdom), REFCOTEC, Inc. (United States), Aremco (United States), ITC coatings (United States), HA-International, LLC (United States), Ultramet (United States), Cotronics Corporation (United States), Wesco Refractories, Inc. (United States) and Beugin Garay (Spain) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Refractory Coating market by Type, Application and Region.
On the basis of geography, the market of Refractory Coating has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Powder will boost the Refractory Coating market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Refractory Coating market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Trend
- Increasing R&D Activities for the Development of Refractory Coating with Shortest Drying Time and Innovative Color-Changing Formulations
- Development and Evolution of Ultra-Low Density Refractory High-Entropy Alloy Coatings with High-Temperature Resistance and Low Thermal Conductivity
Market Drivers
- Surging Demand for Refractories Across Various Industries like Glass, Metal, Etc. Will Boost the Demand
- Increased Demand for Molten Silicon in the Energy Sector and High Growth of Refractory CVD Coatings as Contact Materials
- Growing Popularity of Thermal Insulation Refractory Coating Materials Among the End Users
Opportunities
- High Adoption of Refractory Materials in the European Countries will Create Significant Opportunities
- Increasing Use of Refractory Coatings for the Refractory Metal Applications
Restraints
- Disadvantages Associated with Poor Mould/Core Density and Moisture of Some Types of Refractory Coatings
Challenges
- Requirement of Maintenance After Applying Coating Due to Degradation Process
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Refractory Coating Manufacturers, Refractory Coating Suppliers & Distributors, Venture Capitalists and Private Equity Firms, Government Bodies and Research Organizations, End-user Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.