Market Overview:
The global energy efficient coatings market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient coatings in various applications, such as automotive, buildings, aerospace and others. In addition, the growing awareness about the benefits of using energy-efficient coatings is also contributing to the growth of this market. Phase change thermal insulation coatings are expected to hold a major share of the global energy efficient coatings market during the forecast period. This can be attributed to their ability to provide superior thermal insulation performance and reduce heat transfer through surfaces coated with these products.
Product Definition:
A coating is energy efficient if it reduces the amount of heat that is transferred from a warmer object to a cooler one. This can be done by using coatings that have low thermal conductivity or by using coatings that have high thermal resistance. Energy efficient coatings are important because they can help to reduce energy consumption and save money on heating and cooling costs.
Phase Change Thermal Insulation Coatings:
Phase change thermal insulation coatings are a class of materials that change their physical properties when heated or chilled. The material changes from solid to liquid and then back to its original state when it is again heated. Phase change thermal insulation coatings have applications in the building & construction industry for various purposes such as wall cladding, roofing, flooring, windowsills and external walls.
Vacuum Thermal Insulation Coatings:
Vacuum thermal insulation coatings are a special type of coating, which is used to improve the energy efficiency of buildings. These coatings are water based and have low volatile organic compound (VOC) content. The major component in these types of coatings is silica, which has very good thermal properties and can absorb up to 15% moisture without getting affected by it. Other components include resins & additives as per the requirement for the end product.
Application Insights:
The automotive application segment accounted for the largest revenue share of over 40% in 2017. The growing demand for electric and hybrid vehicles is expected to drive the product demand in this application segment over the forecast period. In addition, stringent regulations regarding reduced vehicle weight and increased fuel efficiency are anticipated to propel market growth during the same period.
Building & construction was one of the key applications that contributed significantly towards industry growth in 2017 owing to increasing infrastructure spending globally coupled with rapid urbanization & development in emerging economies such as India, China and Brazil. Furthermore, rising awareness about energy efficient coatings among developers is expected to further boost market penetration over next eight years especially across commercial buildings which accounts for a major share of building applications globally due to high energy costs involved particularly when it comes from heating or cooling systems operating costs which can be reduced by up to 30%. Increasing investments by governments worldwide including U.S.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of revenue in 2017 owing to high product demand from various end-use sectors, including automotive, building & construction materials, aerospace and others. China is projected to remain an important market for reflective coatings due to increasing infrastructure activities coupled with growing automobile production across the country.
The European regional energy efficient coatings industry was valued at USD X billion in 2017 owing to high product demand from countries such as Germany, Italy and France among other Eastern European countries that are economically developing rapidly after EU accession.
Growth Factors:
- Increasing demand for energy efficient coatings from the automotive and construction industries
- Rising awareness about the benefits of energy efficient coatings among consumers
- Technological advancements in the field of energy efficient coatings
- Growing demand for eco-friendly and sustainable products
- Proliferation of online retail platforms that offer a wide range of energy efficient coatings
Scope Of The Report
Report Attributes
Report Details
Report Title
Energy Efficient Coatings Market Research Report
By Type
Phase Change Thermal Insulation Coatings, Vacuum Thermal Insulation Coatings, Reflective Thermal Insulation Coatings, Others
By Application
Automotive, Buildings, Aerospace, Others
By Companies
AkzoNobel, Jotun, BASF, IGP, PPG Industries, TCI, Kansai Paints, Axalta, Asian Paints, Berger Paints
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Energy Efficient Coatings Market Report Segments:
The global Energy Efficient Coatings market is segmented on the basis of:
Types
Phase Change Thermal Insulation Coatings, Vacuum Thermal Insulation Coatings, Reflective Thermal Insulation Coatings, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Buildings, Aerospace, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AkzoNobel
- Jotun
- BASF
- IGP
- PPG Industries
- TCI
- Kansai Paints
- Axalta
- Asian Paints
- Berger Paints
Highlights of The Energy Efficient Coatings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Phase Change Thermal Insulation Coatings
- Vacuum Thermal Insulation Coatings
- Reflective Thermal Insulation Coatings
- Others
- By Application:
- Automotive
- Buildings
- Aerospace
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Energy Efficient Coatings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Energy efficient coatings are a type of coating that use less energy to produce than traditional coatings. This can be beneficial because it can help reduce greenhouse gas emissions, save on energy costs, and improve the environmental impact of a product.
Some of the key players operating in the energy efficient coatings market are AkzoNobel, Jotun, BASF, IGP, PPG Industries, TCI, Kansai Paints, Axalta, Asian Paints, Berger Paints.
The energy efficient coatings market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Energy Efficient Coatings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Energy Efficient Coatings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Energy Efficient Coatings Market - Supply Chain
4.5. Global Energy Efficient Coatings Market Forecast
4.5.1. Energy Efficient Coatings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Energy Efficient Coatings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Energy Efficient Coatings Market Absolute $ Opportunity
5. Global Energy Efficient Coatings Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Energy Efficient Coatings Market Size and Volume Forecast by Type
5.3.1. Phase Change Thermal Insulation Coatings
5.3.2. Vacuum Thermal Insulation Coatings
5.3.3. Reflective Thermal Insulation Coatings
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Energy Efficient Coatings Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Energy Efficient Coatings Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Buildings
6.3.3. Aerospace
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Energy Efficient Coatings Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Energy Efficient Coatings Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Energy Efficient Coatings Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Energy Efficient Coatings Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Energy Efficient Coatings Demand Share Forecast, 2019-2026
9. North America Energy Efficient Coatings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Energy Efficient Coatings Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Energy Efficient Coatings Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Buildings
9.4.3. Aerospace
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Energy Efficient Coatings Market Size and Volume Forecast by Type
9.7.1. Phase Change Thermal Insulation Coatings
9.7.2. Vacuum Thermal Insulation Coatings
9.7.3. Reflective Thermal Insulation Coatings
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Energy Efficient Coatings Demand Share Forecast, 2019-2026
10. Latin America Energy Efficient Coatings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Energy Efficient Coatings Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Energy Efficient Coatings Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Buildings
10.4.3. Aerospace
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Energy Efficient Coatings Market Size and Volume Forecast by Type
10.7.1. Phase Change Thermal Insulation Coatings
10.7.2. Vacuum Thermal Insulation Coatings
10.7.3. Reflective Thermal Insulation Coatings
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Energy Efficient Coatings Demand Share Forecast, 2019-2026
11. Europe Energy Efficient Coatings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Energy Efficient Coatings Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Energy Efficient Coatings Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Buildings
11.4.3. Aerospace
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Energy Efficient Coatings Market Size and Volume Forecast by Type
11.7.1. Phase Change Thermal Insulation Coatings
11.7.2. Vacuum Thermal Insulation Coatings
11.7.3. Reflective Thermal Insulation Coatings
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Energy Efficient Coatings Demand Share, 2019-2026
12. Asia Pacific Energy Efficient Coatings Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Energy Efficient Coatings Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Energy Efficient Coatings Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Buildings
12.4.3. Aerospace
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Energy Efficient Coatings Market Size and Volume Forecast by Type
12.7.1. Phase Change Thermal Insulation Coatings
12.7.2. Vacuum Thermal Insulation Coatings
12.7.3. Reflective Thermal Insulation Coatings
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Energy Efficient Coatings Demand Share, 2019-2026
13. Middle East & Africa Energy Efficient Coatings Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Energy Efficient Coatings Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Energy Efficient Coatings Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Buildings
13.4.3. Aerospace
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Energy Efficient Coatings Market Size and Volume Forecast by Type
13.7.1. Phase Change Thermal Insulation Coatings
13.7.2. Vacuum Thermal Insulation Coatings
13.7.3. Reflective Thermal Insulation Coatings
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Energy Efficient Coatings Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Energy Efficient Coatings Market: Market Share Analysis
14.2. Energy Efficient Coatings Distributors and Customers
14.3. Energy Efficient Coatings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. AkzoNobel
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Jotun
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BASF
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. IGP
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. PPG Industries
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. TCI
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kansai Paints
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Axalta
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Asian Paints
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Berger Paints
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
