New York 10 April 2019: The report “Thermal
Insulation Coating Market [By Type (Acrylic, Epoxy, Polyurethane, Ytria
Stabilized Zirconia, Others); By End-User (Manufacturing, Construction,
Aerospace and Defense, Automotive, Others); By Region]: Market Size &
Forecast, 2017 – 2026” The global thermal insulation coating market is
anticipated to reach around USD 13,189 million by 2026 according to a new
report published by polaris market research In 2017, the acrylic segment
dominated the global market, in terms of revenue. In 2017, Asia-Pacific
accounted for the majority share in the global thermal insulation coating
market.
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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.
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The various
types of products included in the report include acrylic, epoxy, polyurethane,
Ytria Stabilized Zirconia, and others. The acrylic segment dominated the market
in 2017 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 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.
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Key Segments:
Thermal Insulation Coating Market Size and
Forecast, 2017-2026 by Type
·
Key Findings
·
Acrylic
·
Epoxy
·
Polyurethane
·
Ytria Stabilized Zirconia
·
Others
Thermal Insulation Coating Market Size and
Forecast, 2017-2026 by End-User
·
Key Findings
·
Manufacturing
·
Construction
·
Aerospace and Defense
·
Automotive
·
Others
Thermal Insulation Coating Market Size and
Forecast, 2017-2026 by Region
·
North America [U.S., Canada]
·
Europe [Germany, UK, France, Italy, Spain,
Belgium, Netherlands, Rest of Europe]
·
Asia-Pacific [China, India, Japan, South Korea,
Singapore, Malaysia, Rest of Asia-Pacific]
·
Latin America [ Brazil, Mexico, Argentina, Rest
of Latin America]
·
Middle East and Africa [Israel, South Africa,
Saudi Arabia, UAE, Rest of MEA]
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About Polaris
Market Research
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intelligence and in-depth business research services for our clientele spread
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