Market Overview:
The global thermal insulation coating market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient buildings and rising awareness about the benefits of thermal insulation coatings. The global thermal insulation coating market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into acrylic, epoxy, polyurethane, yttria-stabilized zirconia (YSZ), mullite, and others. On the basis of application, it is divided into building & construction; automotive & transportation; aerospace; manufacturing; marine; and others segments.
Product Definition:
Thermal insulation coating is a type of insulation that is used to keep heat from escaping or entering a structure. This type of coating can be applied to walls, ceilings, and floors in order to improve the energy efficiency of a building.
Acrylic:
Acrylic is a man-made polymer, derived from ethylene and propylene. It has properties similar to that of natural waxes & oils. Acrylic also offers high heat resistance, weather ability, & chemical resistance which makes it suitable for use in thermal insulation coating applications.
Rising demand for energy efficiency and cost-effective solutions are expected to drive the global acrylic market over the forecast period.
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 (bio-based), propylene oxide and ethylene oxide. Epoxy resins are used in various end-use industries such as automotive & transportation, building & construction along with electrical & electronics industries for manufacturing semiconductors insulators coatings etc.
Application Insights:
Building and construction was the largest application segment in 2016, accounting for a market share of more than 45%. The growth can be attributed to increasing demand from residential and commercial buildings. Increasing urbanization across the globe is also expected to contribute significantly towards product demand.
Automotive & transportation is estimated to be one of the fastest-growing segments over the forecast period owing to rising fuel prices coupled with environmental concerns regarding carbon emissions. Moreover, stringent government regulations regarding vehicle energy efficiency are likely to boost product consumption in this sector as well. In addition, manufacturers are investing heavily in R&D pertaining both inside and outside China for developing new products that can meet evolving consumer requirements while maintaining high production standards at low costs. This factor is anticipated to have a positive impact on industry growth over the coming years as well.
Regional Analysis:
Asia Pacific regional market accounted for the largest share of global revenue in 2017. The region is expected to continue its dominance over the forecast period owing to rapid industrialization and urbanization, which has led to an increase in construction activities across developing economies such as China, India, Indonesia, Malaysia and Vietnam.
The demand for thermal insulation coatings in Europe was valued at USD X million in 2017 on account of growing application scope across various end-use industries including building & construction; automotive & transportation; aerospace & marine among others. Stringent government regulations regarding energy consumption coupled with increasing R&D activities related to advanced materials are likely to drive industry growth over the coming years.
North America is projected as one of the promising regions due to high investments deployed by companies operating within it along with favorable regulatory policies pertaining towards promoting domestic manufacturing capabilities by foreign players investing more than USD X billion into U.S.
Growth Factors:
- Increasing demand from construction and automotive industries
- Rising awareness about the benefits of thermal insulation coatings among consumers
- Technological advancements in the production of thermal insulation coatings
- Growing demand for energy-efficient buildings and vehicles
- Stringent government regulations mandating the use of thermal insulation coatings
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermal Insulation Coating Market Research Report
By Type
Acrylic, Epoxy, Polyurethane, Yttria-stabilized Zirconia (YSZ), Mullite, Others
By Application
Building & Construction, Automotive & Transportation, Aerospace, Manufacturing, Marine, Others
By Companies
Akzo Nobel, PPG, Dow Chemical, The Sherwin-Williams Company, Cabot, Carboline, Grand Polycoats, KANSAI PAINT, The Bayou Companies, Mascoat, Nippon Paint, Sharpshell Industrial Solutions, Superior Products International, Synavax, Tenaris, Jotun
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Thermal Insulation Coating Market Report Segments:
The global Thermal Insulation Coating market is segmented on the basis of:
Types
Acrylic, Epoxy, Polyurethane, Yttria-stabilized Zirconia (YSZ), Mullite, 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
Building & Construction, Automotive & Transportation, Aerospace, Manufacturing, Marine, 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:
- Akzo Nobel
- PPG
- Dow Chemical
- The Sherwin-Williams Company
- Cabot
- Carboline
- Grand Polycoats
- KANSAI PAINT
- The Bayou Companies
- Mascoat
- Nippon Paint
- Sharpshell Industrial Solutions
- Superior Products International
- Synavax
- Tenaris
- Jotun
Highlights of The Thermal Insulation Coating 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
- Yttria-stabilized Zirconia (YSZ)
- Mullite
- Others
- By Application:
- Building & Construction
- Automotive & Transportation
- Aerospace
- Manufacturing
- Marine
- 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 Thermal Insulation Coating 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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- Product & Brand Management
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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?
Thermal insulation coating is a type of coating that is used to reduce the heat transfer from one surface to another. This can be done by using a material that has good thermal conductivity, or by using a material that has low thermal conductivity and then applying an insulation coating over it.
Some of the major companies in the thermal insulation coating market are Akzo Nobel, PPG, Dow Chemical, The Sherwin-Williams Company, Cabot, Carboline, Grand Polycoats, KANSAI PAINT, The Bayou Companies, Mascoat, Nippon Paint, Sharpshell Industrial Solutions, Superior Products International, Synavax, Tenaris, Jotun.
The thermal insulation coating market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thermal Insulation Coating 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. Thermal Insulation Coating Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Thermal Insulation Coating Market - Supply Chain
4.5. Global Thermal Insulation Coating Market Forecast
4.5.1. Thermal Insulation Coating Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Thermal Insulation Coating Market Size (000 Units) and Y-o-Y Growth
4.5.3. Thermal Insulation Coating Market Absolute $ Opportunity
5. Global Thermal Insulation Coating 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. Thermal Insulation Coating Market Size and Volume Forecast by Type
5.3.1. Acrylic
5.3.2. Epoxy
5.3.3. Polyurethane
5.3.4. Yttria-stabilized Zirconia (YSZ)
5.3.5. Mullite
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Thermal Insulation Coating 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. Thermal Insulation Coating Market Size and Volume Forecast by Application
6.3.1. Building & Construction
6.3.2. Automotive & Transportation
6.3.3. Aerospace
6.3.4. Manufacturing
6.3.5. Marine
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Thermal Insulation Coating 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. Thermal Insulation Coating 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 Thermal Insulation Coating 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. Thermal Insulation Coating 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 Thermal Insulation Coating Demand Share Forecast, 2019-2029
9. North America Thermal Insulation Coating 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 Thermal Insulation Coating 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 Thermal Insulation Coating Market Size and Volume Forecast by Application
9.4.1. Building & Construction
9.4.2. Automotive & Transportation
9.4.3. Aerospace
9.4.4. Manufacturing
9.4.5. Marine
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Thermal Insulation Coating Market Size and Volume Forecast by Type
9.7.1. Acrylic
9.7.2. Epoxy
9.7.3. Polyurethane
9.7.4. Yttria-stabilized Zirconia (YSZ)
9.7.5. Mullite
9.7.6. 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 Thermal Insulation Coating Demand Share Forecast, 2019-2029
10. Latin America Thermal Insulation Coating 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 Thermal Insulation Coating 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 Thermal Insulation Coating Market Size and Volume Forecast by Application
10.4.1. Building & Construction
10.4.2. Automotive & Transportation
10.4.3. Aerospace
10.4.4. Manufacturing
10.4.5. Marine
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Thermal Insulation Coating Market Size and Volume Forecast by Type
10.7.1. Acrylic
10.7.2. Epoxy
10.7.3. Polyurethane
10.7.4. Yttria-stabilized Zirconia (YSZ)
10.7.5. Mullite
10.7.6. 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 Thermal Insulation Coating Demand Share Forecast, 2019-2029
11. Europe Thermal Insulation Coating 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 Thermal Insulation Coating 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 Thermal Insulation Coating Market Size and Volume Forecast by Application
11.4.1. Building & Construction
11.4.2. Automotive & Transportation
11.4.3. Aerospace
11.4.4. Manufacturing
11.4.5. Marine
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Thermal Insulation Coating Market Size and Volume Forecast by Type
11.7.1. Acrylic
11.7.2. Epoxy
11.7.3. Polyurethane
11.7.4. Yttria-stabilized Zirconia (YSZ)
11.7.5. Mullite
11.7.6. 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 Thermal Insulation Coating Demand Share, 2019-2029
12. Asia Pacific Thermal Insulation Coating 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 Thermal Insulation Coating 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 Thermal Insulation Coating Market Size and Volume Forecast by Application
12.4.1. Building & Construction
12.4.2. Automotive & Transportation
12.4.3. Aerospace
12.4.4. Manufacturing
12.4.5. Marine
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Thermal Insulation Coating Market Size and Volume Forecast by Type
12.7.1. Acrylic
12.7.2. Epoxy
12.7.3. Polyurethane
12.7.4. Yttria-stabilized Zirconia (YSZ)
12.7.5. Mullite
12.7.6. 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 Thermal Insulation Coating Demand Share, 2019-2029
13. Middle East & Africa Thermal Insulation Coating 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 Thermal Insulation Coating 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 Thermal Insulation Coating Market Size and Volume Forecast by Application
13.4.1. Building & Construction
13.4.2. Automotive & Transportation
13.4.3. Aerospace
13.4.4. Manufacturing
13.4.5. Marine
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Thermal Insulation Coating Market Size and Volume Forecast by Type
13.7.1. Acrylic
13.7.2. Epoxy
13.7.3. Polyurethane
13.7.4. Yttria-stabilized Zirconia (YSZ)
13.7.5. Mullite
13.7.6. 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 Thermal Insulation Coating Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Thermal Insulation Coating Market: Market Share Analysis
14.2. Thermal Insulation Coating Distributors and Customers
14.3. Thermal Insulation Coating Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Akzo Nobel
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
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dow Chemical
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. The Sherwin-Williams Company
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Cabot
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Carboline
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Grand Polycoats
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. KANSAI PAINT
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. The Bayou Companies
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Mascoat
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nippon Paint
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Sharpshell Industrial Solutions
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Superior Products International
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Synavax
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Tenaris
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Jotun
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
