Thermal Insulation Coatings Market
Global Thermal Insulation Coatings Market Size, Share & Trends Analysis Report by Product (Acrylic, Epoxy, Polyurethane, Yttria Stabilized Zirconia, and Mullite), and by Application (Building & Construction, Automotive & Transportation, Aerospace & Defense, Manufacturing, and Others) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
The global thermal insulation coatings market is anticipated to grow at a CAGR of 5.5% during the forecast period. Thermal insulation reduces heat movements and vapor condensation. Therefore, it prevents humidity, mold, freezing, a deformation that may occur in the building, and weakening of iron parts due to corrosion and helps preservation of the building. These benefits associated with thermal insulation coatings are expected to support the market positively.
The rising utilization of epoxies in building and construction due to its benefits such as high corrosion resistance, and less affected by water and heat than other polymeric matrices is expected to contribute to the market growth during the forecast period. Moreover, epoxies are an excellent material capable of ensuring high electrical insulating properties combined with outstanding mechanical toughness. The players are focusing on developing new advanced epoxies solutions for all end-users is expected to surge the market demand. For instance, in March 2022, PPG launched PPG PHENGUARD 985 phenolic epoxy tank lining, which represents a significant breakthrough for the marine and tank storage sectors. The premium tank lining is designed to deliver extremely high chemical resistance to a wide range of aggressive chemicals and higher temperature resistance for chemicals that contain fatty acids. The latest addition to our PPG Phenguard range, PPG Phenguard 985 tank lining offers two or three-coat flexibility, and increased resistance to hot fatty acids.
Segmental Outlook
The global thermal insulation coatings market is segmented based on product and application. Based on the product, the market is segmented into acrylic, epoxy, polyurethane, Yttria-stabilized zirconia, and mullite. Based on the application, the market is augmented into building & construction, automotive & transportation, aerospace & defense, manufacturing, and others. Among product segments, acrylic is expected to accelerate market growth over the forecast period. Acrylic is often preferred among users due to its moderate properties, easy handling, durability, and low cost. Acrylic is a good electrical insulator and is resistant to weathering.
The Building and Construction Segment is Expected to Hold a Prominent Share in the Global Thermal Insulation Coatings Market
The building and construction segment is expected to hold a prominent share in the market during the forecast period. Thermal insulation is an important technology to reduce energy consumption in buildings by preventing heat gain/loss. According to the UN Climate Technology Center & Network, thermal insulation is a construction material with low thermal conductivity, often less than 0.1W/mK. These materials save energy, protect and provide comfort to occupants. In developed and industrialized countries, building codes include requirements to safeguard minimum acceptable insulation levels for building envelopes and thus provide the opportunity for deploying the application of thermal insulation technologies.
Regional Outlooks
The global thermal insulation coatings market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. The North American region is expected to hold a significant share in the market during the forecast period. The rising economic growth rate coupled with the increasing production capacities with technological advancements in the region is propelling the growth of the market during the forecast period.
Global Thermal Insulation Coatings Market Growth, by Region 2022-2028
The Asia-Pacific Region is Expected to be the Fastest-Growing Region in the Global Thermal Insulation Coatings Market
Among all regions, the Asia-Pacific is expected to grow at the fastest rate during the forecast period. The growing industrial activities, launches, and purchasing power among consumers are the factors attributing to the market. For instance, in June 2019, Huntsman launched ECO-COOLINGTM insulation solutions for China’s cold-chain industry, offering high-quality thermal insulation technology based on MDI polyurethane foam. Moreover, the availability of labor and raw materials at an affordable rate is further contributing to regional growth during the forecast period.
Market Players Outlook
The major companies serving the global thermal insulation coatings market include Akzo Nobel N.V., Axalta Coating Systems, Bayou Co., Cabot Corp., Caparol Paints LLC, Delta T & Protective Products, Evonik Industries AG, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2021, Hempel acquired a unique technology developed by Das Lack Enertherm (DLE), a German-English company, that will change the market for insulation coatings while enhancing workers’ safety and lowering customers' environmental footprint. The strategy will be realized through both acquisitions and organic growth as well as ambitious investments in sustainability, innovation, and digitalization. With this acquisition, the company is taking the next step and executing the strategy to secure a global leadership position within the Energy segment.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global thermal insulation coatings market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Thermal Insulation Coatings Market by Product
4.1.1. Acrylic
4.1.2. Epoxy
4.1.3. Polyurethane
4.1.4. Yttria Stabilized Zirconia (YSZ)
4.1.5. Mullite
4.2. Global Thermal Insulation Coatings Market by Application
4.2.1. Building & Construction
4.2.2. Automotive & Transportation
4.2.3. Aerospace & Defense
4.2.4. Manufacturing
4.2.5. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Akzo Nobel N.V.
6.2. Axalta Coating Systems
6.3. Bayou Co.
6.4. Cabot Corp.
6.5. Caparol Paints LLC
6.6. Delta T & Protective Products
6.7. Evonik Industries AG
6.8. General Coatings Manufacturing Corp.
6.9. Grand Polycoats Co. Pvt. Ltd.
6.10. Jotun A/S
6.11. Kansai Paint Co., Ltd.
6.12. Mascoat LLC
6.13. Nippon Paint Holdings Co., Ltd.
6.14. PPG Industries, Inc.
6.15. RPM International Inc.
6.16. Sharp Shell Engineering
6.17. Sherwin-Williams Co.
6.18. Sika AG
6.19. Synavax Inc.
6.20. The Dow Chemical Co.
1. GLOBAL THERMAL INSULATION COATINGS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
2. GLOBAL ACRYLIC THERMAL INSULATION COATINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL EPOXY THERMAL INSULATION COATINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL POLYURETHANE THERMAL INSULATION COATINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL YTTRIA STABILIZED ZIRCONIA THERMAL INSULATION COATINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL MULLITE THERMAL INSULATION COATINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL THERMAL INSULATION COATINGS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
8. GLOBAL THERMAL INSULATION COATINGS FOR BUILDING & CONSTRUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL THERMAL INSULATION COATINGS FOR AUTOMOTIVE & TRANSPORTATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL THERMAL INSULATION COATINGS FOR AEROSPACE & DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL THERMAL INSULATION COATINGS FOR MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL THERMAL INSULATION COATINGS FOR OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL THERMAL INSULATION COATINGS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
14. NORTH AMERICAN THERMAL INSULATION COATINGS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
15. NORTH AMERICAN THERMAL INSULATION COATINGS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
16. NORTH AMERICAN THERMAL INSULATION COATINGS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
17. EUROPEAN THERMAL INSULATION COATINGS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. EUROPEAN THERMAL INSULATION COATINGS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
19. EUROPEAN THERMAL INSULATION COATINGS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC THERMAL INSULATION COATINGS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC THERMAL INSULATION COATINGS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC THERMAL INSULATION COATINGS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
23. REST OF THE WORLD THERMAL INSULATION COATINGS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. REST OF THE WORLD THERMAL INSULATION COATINGS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
25. REST OF THE WORLD THERMAL INSULATION COATINGS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. GLOBAL THERMAL INSULATION COATINGS MARKET SHARE BY PRODUCT, 2021 VS 2028 (%)
2. GLOBAL ACRYLIC THERMAL INSULATION COATINGS MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL EPOXY THERMAL INSULATION COATINGS MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL POLYURETHANE THERMAL INSULATION COATINGS MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL YTTRIA STABILIZED ZIRCONIA THERMAL INSULATION COATINGS MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL MULLITE THERMAL INSULATION COATINGS MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL THERMAL INSULATION COATINGS MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
8. GLOBAL THERMAL INSULATION COATINGS FOR BUILDING & CONSTRUCTION MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL THERMAL INSULATION COATINGS FOR AUTOMOTIVE & TRANSPORTATION MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL THERMAL INSULATION COATINGS FOR AEROSPACE & DEFENSE MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL THERMAL INSULATION COATINGS FOR MANUFACTURING MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL THERMAL INSULATION COATINGS FOR OTHER MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL THERMAL INSULATION COATINGS MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. US THERMAL INSULATION COATINGS MARKET SIZE, 2021-2028 ($ MILLION)
15. CANADA THERMAL INSULATION COATINGS MARKET SIZE, 2021-2028 ($ MILLION)
16. UK THERMAL INSULATION COATINGS MARKET SIZE, 2021-2028 ($ MILLION)
17. FRANCE THERMAL INSULATION COATINGS MARKET SIZE, 2021-2028 ($ MILLION)
18. GERMANY THERMAL INSULATION COATINGS MARKET SIZE, 2021-2028 ($ MILLION)
19. ITALY THERMAL INSULATION COATINGS MARKET SIZE, 2021-2028 ($ MILLION)
20. SPAIN THERMAL INSULATION COATINGS MARKET SIZE, 2021-2028 ($ MILLION)
21. REST OF EUROPE THERMAL INSULATION COATINGS MARKET SIZE, 2021-2028 ($ MILLION)
22. INDIA THERMAL INSULATION COATINGS MARKET SIZE, 2021-2028 ($ MILLION)
23. CHINA THERMAL INSULATION COATINGS MARKET SIZE, 2021-2028 ($ MILLION)
24. JAPAN THERMAL INSULATION COATINGS MARKET SIZE, 2021-2028 ($ MILLION)
25. SOUTH KOREA THERMAL INSULATION COATINGS MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF ASIA-PACIFIC THERMAL INSULATION COATINGS MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF THE WORLD THERMAL INSULATION COATINGS MARKET SIZE, 2021-2028 ($ MILLION)
