Market Overview:
The global insulation coating material market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for insulation coating materials from various end-use industries, such as aerospace, automotive, marine, industrial and building & construction. In terms of type, the acrylic segment is expected to lead the global insulation coating material market during the forecast period. This can be attributed to its properties such as high thermal resistance and low thermal conductivity.
Product Definition:
Insulation coating material is a type of coating that is applied to insulation to protect it from the environment and improve its performance.
Acrylic:
Acrylic is a widely used thermoplastic in the insulation coating material market. It has high demand due to its properties such as low density, excellent thermal stability and dimensional stability, good electrical resistance and heat-resistance. Acrylic fibers are extensively used in the insulation industry owing to their superior insulating property which is higher than that of fiberglass.
Epoxy:
Epoxy is a thermosetting polymer, which contains carbon, oxygen and hydrogen. It is manufactured by the epoxidation of ethylene. The raw materials required to manufacture epoxy resins are crude oil and natural gas in combination with some catalysts like sulfuric acid or phosphoric acid.
Application Insights:
Building and construction was the largest application segment in 2016, accounting for over 40% of the overall revenue share. The product is widely used in residential as well as non-residential structures to improve energy efficiency. Increasing focus on green buildings coupled with rising demand for eco-friendly solutions is expected to drive growth over the forecast period.
The automotive sector accounted for a significant share in terms of both volume and revenue generation in 2017. In vehicles, it is used on electrical equipment such as HVAC (heating, ventilation & cooling) systems that require protection from moisture penetration due to condensation or corrosion resulting from contact with water vapor or liquid droplets containing chemicals or pollutants. It also helps reduce electricity consumption by reducing heat dissipation through radiation and convection currents within insulation coating materials applied on electronic devices including microcontrollers, integrated circuits etc.
Regional Analysis:
Asia Pacific dominated the global industry in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand from emerging economies, such as China and India. In addition, increasing industrialization coupled with rapid urbanization has resulted in an increased demand for energy-efficient solutions which will further drive product adoption across various industries including construction, automotive and aerospace.
The market in Europe is anticipated to witness significant growth over the forecast period owing to a rise in investments by governments across countries for building & construction activities due to growing population coupled with increasing disposable income of consumers. This factor is projected to result into an increased consumption of insulation coatings on buildings thereby driving industry expansion over the next eight years.
Growth Factors:
- Increasing demand for energy-efficient and environment-friendly products: The global insulation coating material market is expected to grow at a CAGR of 5.5% from 2017 to 2025, owing to the increasing demand for energy-efficient and environment-friendly products.
- Rising awareness about the benefits of insulation coatings: Insulation coatings offer various benefits such as thermal efficiency, noise reduction, fire resistance, and protection against weathering effects. This is expected to drive the growth of the insulation coating material market in the coming years.
- Growing construction industry: The global construction industry is projected to grow at a CAGR of 4% from 2017 to 2025, which will create opportunities for the growth of the insulation coating material market.
- Technological advancements: The development of new technologies has led to innovative products in the insulation coating material market that are more efficient and environmentally friendly than traditional ones. This is likely to fuel demand for these products in future years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Insulation Coating Material Market Research Report
By Type
Acrylic, Epoxy, Polyurethane, YSZ, Mullite, Other
By Application
Aerospace, Automotive, Marine, Industrial, Building & Construction
By Companies
AkzoNobel, PPG Industries, The Sherwin-Williams, Kansai Paint, Jotun Group, Nippon Paint, Mascoat, Sharpshell Industrial Solutions, Axalta Coating Systems
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Insulation Coating Material Market Report Segments:
The global Insulation Coating Material market is segmented on the basis of:
Types
Acrylic, Epoxy, Polyurethane, YSZ, Mullite, Other
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
Aerospace, Automotive, Marine, Industrial, Building & Construction
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
- PPG Industries
- The Sherwin-Williams
- Kansai Paint
- Jotun Group
- Nippon Paint
- Mascoat
- Sharpshell Industrial Solutions
- Axalta Coating Systems
Highlights of The Insulation Coating Material 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:
- Acrylic
- Epoxy
- Polyurethane
- YSZ
- Mullite
- Other
- By Application:
- Aerospace
- Automotive
- Marine
- Industrial
- Building & Construction
- 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 Insulation Coating Material 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
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- Consumer Insights
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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?
Insulation coating material is a type of insulation that is applied to the exterior of buildings and other structures. It helps keep the building warm in cold weather and cool in hot weather.
Some of the key players operating in the insulation coating material market are AkzoNobel, PPG Industries, The Sherwin-Williams, Kansai Paint, Jotun Group, Nippon Paint, Mascoat, Sharpshell Industrial Solutions, Axalta Coating Systems.
The insulation coating material market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Insulation Coating Material 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. Insulation Coating Material Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Insulation Coating Material Market - Supply Chain
4.5. Global Insulation Coating Material Market Forecast
4.5.1. Insulation Coating Material Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Insulation Coating Material Market Size (000 Units) and Y-o-Y Growth
4.5.3. Insulation Coating Material Market Absolute $ Opportunity
5. Global Insulation Coating Material 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. Insulation Coating Material Market Size and Volume Forecast by Type
5.3.1. Acrylic
5.3.2. Epoxy
5.3.3. Polyurethane
5.3.4. YSZ
5.3.5. Mullite
5.3.6. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Insulation Coating Material 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. Insulation Coating Material Market Size and Volume Forecast by Application
6.3.1. Aerospace
6.3.2. Automotive
6.3.3. Marine
6.3.4. Industrial
6.3.5. Building & Construction
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Insulation Coating Material 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. Insulation Coating Material 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 Insulation Coating Material 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. Insulation Coating Material 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 Insulation Coating Material Demand Share Forecast, 2019-2026
9. North America Insulation Coating Material 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 Insulation Coating Material 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 Insulation Coating Material Market Size and Volume Forecast by Application
9.4.1. Aerospace
9.4.2. Automotive
9.4.3. Marine
9.4.4. Industrial
9.4.5. Building & Construction
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Insulation Coating Material Market Size and Volume Forecast by Type
9.7.1. Acrylic
9.7.2. Epoxy
9.7.3. Polyurethane
9.7.4. YSZ
9.7.5. Mullite
9.7.6. Other
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 Insulation Coating Material Demand Share Forecast, 2019-2026
10. Latin America Insulation Coating Material 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 Insulation Coating Material 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 Insulation Coating Material Market Size and Volume Forecast by Application
10.4.1. Aerospace
10.4.2. Automotive
10.4.3. Marine
10.4.4. Industrial
10.4.5. Building & Construction
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Insulation Coating Material Market Size and Volume Forecast by Type
10.7.1. Acrylic
10.7.2. Epoxy
10.7.3. Polyurethane
10.7.4. YSZ
10.7.5. Mullite
10.7.6. Other
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 Insulation Coating Material Demand Share Forecast, 2019-2026
11. Europe Insulation Coating Material 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 Insulation Coating Material 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 Insulation Coating Material Market Size and Volume Forecast by Application
11.4.1. Aerospace
11.4.2. Automotive
11.4.3. Marine
11.4.4. Industrial
11.4.5. Building & Construction
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Insulation Coating Material Market Size and Volume Forecast by Type
11.7.1. Acrylic
11.7.2. Epoxy
11.7.3. Polyurethane
11.7.4. YSZ
11.7.5. Mullite
11.7.6. Other
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 Insulation Coating Material Demand Share, 2019-2026
12. Asia Pacific Insulation Coating Material 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 Insulation Coating Material 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 Insulation Coating Material Market Size and Volume Forecast by Application
12.4.1. Aerospace
12.4.2. Automotive
12.4.3. Marine
12.4.4. Industrial
12.4.5. Building & Construction
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Insulation Coating Material Market Size and Volume Forecast by Type
12.7.1. Acrylic
12.7.2. Epoxy
12.7.3. Polyurethane
12.7.4. YSZ
12.7.5. Mullite
12.7.6. Other
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 Insulation Coating Material Demand Share, 2019-2026
13. Middle East & Africa Insulation Coating Material 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 Insulation Coating Material 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 Insulation Coating Material Market Size and Volume Forecast by Application
13.4.1. Aerospace
13.4.2. Automotive
13.4.3. Marine
13.4.4. Industrial
13.4.5. Building & Construction
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Insulation Coating Material Market Size and Volume Forecast by Type
13.7.1. Acrylic
13.7.2. Epoxy
13.7.3. Polyurethane
13.7.4. YSZ
13.7.5. Mullite
13.7.6. Other
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 Insulation Coating Material Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Insulation Coating Material Market: Market Share Analysis
14.2. Insulation Coating Material Distributors and Customers
14.3. Insulation Coating Material 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. PPG Industries
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. The Sherwin-Williams
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Kansai Paint
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Jotun Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Nippon Paint
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mascoat
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sharpshell Industrial Solutions
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Axalta Coating Systems
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
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