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Thermal Insulation Coating Market Share, Size, Trends, Industry Analysis Report, By Type; By End-Use; By Region; Segment Forecast, 2021 - 2028

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  • 108 Pages
  • June 2021
  • Region: Global
  • Polaris Market Research
  • ID: 5396994
The global thermal insulation coating market size is expected to reach USD 13.44 billion by 2028 according to this new study. The report “Thermal Insulation Coating Market Share, Size, Trends, Industry Analysis Report, By Type (Acrylic, Epoxy, Polyurethane, Yttria Stabilized Zirconia); By End-Use (Manufacturing, Construction, Aerospace & Defense, Automotive); By Region; Segment Forecast, 2021-2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The rapid growth in the manufacturing, construction and automotive sectors majorly drives the growth of this market. Growing need to save energy, improve performance, and reduce operation costs of equipment supports the growth of the market. The increasing applications and rising demand from industries such as aerospace & defense, automotive & transportation, and industrial are expected to boost the market growth during the forecast period.

Increasing awareness regarding construction of green and energy efficient buildings would accelerate the adoption of thermal insulation coatings. New emerging markets, and technological advancements would provide growth opportunities for thermal insulation coating market in the coming years.

Asia-pacific is expected to dominate the global thermal insulation coating market during the forecast period. A significant growth in the manufacturing, automotive, and construction sectors has been registered over the past few years in China, India, and Japan, thereby driving the growth of thermal insulation coating market.

Low labor costs, easy availability of raw materials, and need to improve operational efficiency in different industries further support the market growth in the region. Leading global players are expanding their presence in developing nations of China, Japan, India, Indonesia, and Malaysia to tap the growth opportunities offered by these countries.

The various types of products included in the report include acrylic, epoxy, polyurethane, Yttria Stabilized Zirconia, and others. The acrylic segment dominated the market in 2020 owing to its favorable properties such as high tensile strength, affordable cost, and light weight.

The epoxy segment is expected to grow at the highest CAGR during the forecast period. Epoxy offers properties such as high resistance to heat and abrasion, high strength and toughness. The increasing awareness regarding green and energy-efficient buildings is expected to drive the growth of this market.

Thermal insulation coatings are used in various end-use industries such as manufacturing, automotive, construction, aerospace, and defense among others. The manufacturing sector accounted for the highest share in the global thermal insulation coating market.

These coatings are used in the manufacturing industries for thermal insulation and improving the energy efficiency of equipment such as reactors, pipes, and others. The growing demand of thermal insulation coatings for efficient performance of equipment at high-temperatures and improving overall efficiency while reducing maintenance costs supports the growth.

The well-known companies profiled in the report include Nippon Paints, The DOW Chemical Company, Sharpshell Industrial Solution, Evonik Industries AG, Sherwin-Williams Company, PPG Industries, Inc, Kansai Paint Co, Ltd, Mascoat, Akzonobel N.V., and Grand Polycoats Company Pvt. Ltd, among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
Frequently Asked Questions about the rmal Insulation Coating Market

What is the estimated value of the rmal Insulation Coating Market?

The rmal Insulation Coating Market was estimated to be valued at $8.01 Billion in 2021.

What is the growth rate of the rmal Insulation Coating Market?

The growth rate of the rmal Insulation Coating Market is 7.0%, with an estimated value of $13.44 Billion by 2028.

What is the forecasted size of the rmal Insulation Coating Market?

The rmal Insulation Coating Market is estimated to be worth $13.44 Billion by 2028.

Who are the key companies in the rmal Insulation Coating Market?

Key companies in the rmal Insulation Coating Market include Nippon Paints, The DOW Chemical Company, Sharpshell Industrial Solution, Evonik Industries AG, Sherwin, Williams Company, PPG Industries., Kansai Paint Co. Ltd. and Akzonobel N.V..

Table of Contents

1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key takeaways
1.5. Stakeholders
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Thermal Insulation Coating Market Insights
3.1. Thermal Insulation Coating - Industry snapshot
3.2. Thermal Insulation Coating - Ecosystem analysis
3.3. Thermal Insulation Coating Market Dynamics
3.3.1. Thermal Insulation Coating - Market Forces Thermal Insulation Coating Market Driver Analysis Thermal Insulation Coating Market Restraint/Challenges analysis Thermal Insulation Coating Market Opportunity Analysis
3.3.2. Industry analysis - Porter's five force Bargaining power of supplier Bargaining power of buyers Threat of substitute Threat of new entrants Degree of competition
3.3.3. Thermal Insulation Coating Market PEST Analysis, 2020
3.3.4. Thermal Insulation Coating Market Value Chain Analysis
3.3.5. Thermal Insulation Coating Industry Trends
3.3.6. Competitive Ranking Analysis
4. Thermal Insulation Coating Market Size and Forecast, 2016 - 2028 by Type
4.1. Key Findings
4.2. Acrylic
4.3. Epoxy
4.4. Polyurethane
4.5. Ytria Stabilized Zirconia
4.6. Others
5. Thermal Insulation Coating Market Size and Forecast, 2016 - 2028 by End-Use
5.1. Key Findings
5.2. Manufacturing
5.3. Construction
5.4. Aerospace and Defense
5.5. Automotive
5.6. Others
6. Thermal Insulation Coating Market Size and Forecast, 2016 - 2028 by Region
6.1. Key Findings
6.2. North America
6.2.1. U.S.
6.2.2. Canada
6.2.3. Mexico
6.3. Europe
6.3.1. Germany
6.3.2. UK
6.3.3. France
6.3.4. Italy
6.3.5. Rest of Europe
6.4. Asia-Pacific
6.4.1. China
6.4.2. India
6.4.3. Japan
6.4.4. Rest of Asia-Pacific
6.5. Latin America
6.5.1. Brazil
6.6. Middle East & Africa
7. Company Profiles
7.1. Nippon Paints
7.1.1. Overview
7.1.2. Financials
7.1.3. Product Benchmarking
7.1.4. Recent Developments
7.2. The DOW Chemical Company
7.2.1. Overview
7.2.2. Financials
7.2.3. Product Benchmarking
7.2.4. Recent Developments
7.3. Sharpshell Industrial Solution
7.3.1. Overview
7.3.2. Financials
7.3.3. Product Benchmarking
7.3.4. Recent Developments
7.4. Evonik Industries AG
7.4.1. Overview
7.4.2. Financials
7.4.3. Product Benchmarking
7.4.4. Recent Developments
7.5. Sherwin-Williams Company
7.5.1. Overview
7.5.2. Financials
7.5.3. Product Benchmarking
7.5.4. Recent Developments
7.6. PPG Industries, Inc.
7.6.1. Overview
7.6.2. Financials
7.6.3. Product Benchmarking
7.6.4. Recent Developments
7.7. Kansai Paint Co., Ltd.
7.7.1. Overview
7.7.2. Financials
7.7.3. Product Benchmarking
7.7.4. Recent Developments
7.8. Mascoat
7.8.1. Overview
7.8.2. Financials
7.8.3. Product Benchmarking
7.8.4. Recent Developments
7.9. Akzonobel N.V.
7.9.1. Overview
7.9.2. Financials
7.9.3. Product Benchmarking
7.9.4. Recent Developments
7.10. Grand Polycoats Company Pvt. Ltd.
7.10.1. Overview
7.10.2. Financials
7.10.3. Product Benchmarking
7.10.4. Recent Developments
List of Tables

Companies Mentioned

  • Nippon Paints
  • The DOW Chemical Company
  • Sharpshell Industrial Solution
  • Evonik Industries AG
  • Sherwin-Williams Company
  • PPG Industries.
  • Kansai Paint Co. Ltd.
  • Mascoat
  • Akzonobel N.V.
  • Grand Polycoats Company Pvt. Ltd.