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Report Outlook
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 18.03 Billion By 2029 | 7.84% | Asia-Pacific |
| By Type | By End User | By Region |
|---|---|---|
|
|
|
SCOPE OF THE REPORT
Insulation Coating Materials Market Overview
The insulation coating materials market is expected to grow at 7.84 % CAGR from 2022 to 2029. It is expected to reach above USD 18.03 billion by 2029 from USD 9.14 billion in 2020.
The purpose is made easier by the insulation coating materials’ ability to act as thermal and anti-condensation barriers. Through the application of broad-spectrum thermal reflecting coatings, heat transfer between components used in buildings, aviation, construction, automobiles, and other industries is essentially reduced. It is frequently used as a coating for technical materials to protect them from warping, corrosion, thermal fatigue, and fatigue. The coating that is applied to an object’s surface can be either aesthetic or utilitarian, or it can be both. They serve as the objects’ protection.
Increased industrial sector need for new and enhanced goods is directly driving the market for insulating coating materials. During the forecast period, the market for insulating coating materials is expected to be driven by the paints and coatings sector’s rapid growth and innovation, as well as industry consolidations. Insulation coatings made with solvents are a source of volatile organic compounds (VOCs), which are bad for the environment. Strict laws against the discharge of VOCs into the atmosphere have been passed by governments in many different nations. The market for insulating coating materials is significantly constrained by this.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion), (Kilotons). |
| Segmentation | By Type, By End User, By Region. |
| By Type |
|
| By End User |
|
| By Region |
|
The global insulating coatings market is anticipated to increase as a result of rising demand for insulating coatings. Its ability to function at different temperatures and energy efficiency have an impact on the market’s growth in the near future. The market is expanding as a result of rising consumer awareness of energy efficiency. The global insulating coatings market is anticipated to grow as a result of increased government backing and investment in ecologically friendly insulating materials. Raw materials are readily available, the economy is growing steadily, and population is increasing quickly, all of which are contributing elements to the market’s expansion.
Due to the need for surface preparation before application in order to prevent corrosion, insulating coatings are more expensive. Both preparing and hardening may be included in this process. For coating ceramic tiles at high temperatures, thermal spray technique is used. Costs are higher for thermal spray methods. Certain coatings necessitate downtime in the manufacturing process, which might raise prices. Due to traditional thermal insulation is affordable, demand for it is increased by all of these factors. Insulation coatings have proven to perform worse than conventional insulation systems like fiberglass and mineral wool. The current coatings for insulating purposes cost more money.
Due to the increasing need for energy-efficient solutions across numerous industries, there are sizable business potential in the insulating coating materials market. These coatings provide advantages like lower energy usage, increased durability, and corrosion resistance in conjunction with the requirement for better thermal insulation. The market has significant potential in industries including construction, transportation, and aerospace, where insulation coatings can offer affordable, long-lasting solutions that stimulate industry expansion and innovation.
The COVID-19 virus outbreak began in December 2019, and since then, the illness has spread to nearly 120 nations, prompting the WHO to declare a public health emergency. The global effects of the coronavirus epidemic in 2019 are already being felt, and they will have a substantial impact on the market for insulation coating materials in 2020. Indirectly undermining demand and production, upsetting the market and supply chain, and having a financial impact on companies and financial markets are the three main ways that COVID-19 can have an impact on the global economy.
Insulation Coating Materials Market Segment Analysis
The insulation coating materials market is segmented based on type and end user.
The market is divided based on type into acrylic-based insulation coatings, mullite-based insulation coatings, YSZ-based insulation coatings, polyurethane-based insulation coatings, and epoxy-based insulation coatings. The coating that is applied to an object’s surface can be either aesthetic or utilitarian, or it can be both. They serve as the objects’ protection. The surface that a coating is applied on is known as the substrate. Coatings are used to protect substrates like metal or concrete from electrochemical reactions with the environment.
The market is divided based on end user into industrial, aerospace, building & construction, marine, and automotive. The market for insulation coatings is dominated by waterborne acrylic-based coatings, which make up the majority of the industry. Due to their low maintenance requirements and CUI prevention capabilities, acrylic-based insulation coatings are the perfect alternative to conventional insulation materials. These coatings can be applied using simple spray equipment and are effective at temperatures up to 150-degree C.
Insulation Coating Materials Market Player
The insulation coating materials market key players includes AkzoNobel, PPG Industries, Sherwin-Williams Company, Kansai, Jotun, Nippon Paint, Mascoat, Carboline, Sharp Shell Industries, Axalta Coating System.
Industry Development:
- 25 May 2023: AkzoNobel launched bisphenol-free internal coating for beverage can ends Can makers and coil coaters ramping up their bisphenol-free transition have a ready alternative in a new BPA-NI (Bisphenol A non-intent)* internal coating for beverage can ends, from AkzoNobel Packaging Coatings.
- 17 April 2023: AkzoNobel launches new generation fillers to accelerate bodyshop performance.
Who Should Buy? Or Key Stakeholders
- Manufacturers
- Suppliers
- Distributors
- Contractors and Installers
- End-users
- Regulatory Authorities
- Others
Insulation coating materials Market Regional Analysis
The insulation coating materials market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
In the Asia-Pacific area, there is a particularly high need for insulation coatings. Insulating coatings are mostly used in China. The growing need for insulating coatings worldwide is being driven by the region’s expanding manufacturing sector. In the upcoming years, increased spending on infrastructure will cause emerging economies like China and India to rise significantly.
The expansion of the global market in North America is anticipated to be fueled by the expansion of end-use industries as well as the creation of new products. Europe already has abundant growth potential thanks to the maritime and aircraft sectors, which foresee the expansion of the world market for insulating coatings. The market has benefited from the increase in R&D expenditures to offer innovative goods. The favourable regulatory environment in South America is promoting market expansion on a worldwide scale.
Key Market Segments: Insulation Coating Materials Market
Insulation Coating Materials Market By Type, 2020-2029, (USD Billion), (Kilotons).
- Acrylic Based Insulation Coating
- Mullite Based Insulation Coating
- YSZ Based Insulation Coating
- Polyurethane Based Insulation Coating
- Epoxy Based Insulation Coating
Insulation Coating Materials Market By End User, 2020-2029, (USD Billion), (Kilotons).
- Industrial
- Aerospace
- Building & Construction
- Marine
- Automotive
Insulation Coating Materials Market By Region, 2020-2029, (USD Billion), (Kilotons).
- North America
- Asia Pacific
- Europe
- South America
- Middle East and Africa
Important Countries In All Regions Are Covered.
Exactitude Consultancy Services Key Objectives:
- Increasing sales and market share
- Developing new technology
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Question Answered
- What is the expected growth rate of the insulation coating materials market over the next 7 years?
- Who are the major players in the insulation coating materials market and what is their market share?
- What are the end-user industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-Pacific, Middle East, and Africa?
- How is the economic environment affecting the insulation coating materials market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the insulation coating materials market?
- What is the current and forecasted size and growth rate of the global insulation coating materials market?
- What are the key drivers of growth in the insulation coating materials market?
- What are the distribution channels and supply chain dynamics in the insulation coating materials market?
- What are the technological advancements and innovations in the insulation coating materials market and their impact on material development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the insulation coating materials market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the insulation coating materials market?
- What are the products offerings and specifications of leading players in the market?
- What is the pricing trend of insulation coating materials in the market and what is the impact of raw application prices on the price trend?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL INSULATION COATING MATERIALS MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON INSULATION COATING MATERIALS MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL INSULATION COATING MATERIALS MARKET OUTLOOK
- GLOBAL INSULATION COATING MATERIALS MARKET BY TYPE, 2020-2029, (USD BILLION), (KILOTONS)
- ACRYLIC BASED INSULATION COATING
- MULLITE BASED INSULATION COATING
- YSZ BASED INSULATION COATING
- POLYURETHANE BASED INSULATION COATING
- EPOXY BASED INSULATION COATING
- GLOBAL INSULATION COATING MATERIALS MARKET BY END USER, 2020-2029, (USD BILLION), (KILOTONS)
- INDUSTRIAL
- AEROSPACE
- BUILDING & CONSTRUCTION
- MARINE
- AUTOMOTIVE
- GLOBAL INSULATION COATING MATERIALS MARKET BY REGION, 2020-2029, (USD BILLION), (KILOTONS)
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES*
(BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
-
- AKZONOBEL
- PPG INDUSTRIES
- SHERWIN-WILLIAMS COMPANY
- KANSAI
- JOTUN
- NIPPON PAINT
- MASCOAT
- CARBOLINE
- SHARP SHELL INDUSTRIES
- AXALTA COATING SYSTEMÂ Â *THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 2Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 3Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 4Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 5Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL INSULATION COATING MATERIALS MARKET BY REGION (USD BILLION), 2020-2029
TABLE 6Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL INSULATION COATING MATERIALS MARKET BY REGION (KILOTONS), 2020-2029
TABLE 7Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 8Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 9Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA INSULATION COATING MATERIALS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA INSULATION COATING MATERIALS MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â US INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â US INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â US INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â US INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA INSULATION COATING MATERIALS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA INSULATION COATING MATERIALS MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC INSULATION COATING MATERIALS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC INSULATION COATING MATERIALS MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 54Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 55Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 56Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 57Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 58Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 59Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 60Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 61Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 62Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 63Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 64Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 65Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 66Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 67Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 68Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 69Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 70Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 71Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 72Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 73Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 74Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 75Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 76Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 77Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 78Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 79Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 80Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 81Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 82Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 83Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 84Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 85Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE INSULATION COATING MATERIALS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 86Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE INSULATION COATING MATERIALS MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 87Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 88Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 89Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 90Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 91Â Â Â Â Â Â Â Â Â Â Â Â Â UK INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 92Â Â Â Â Â Â Â Â Â Â Â Â Â UK INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 93Â Â Â Â Â Â Â Â Â Â Â Â Â UK INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 94Â Â Â Â Â Â Â Â Â Â Â Â Â UK INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 95Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 96Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 97Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 98Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 99Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 100Â Â Â Â Â Â Â Â Â Â Â ITALY INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 101Â Â Â Â Â Â Â Â Â Â Â ITALY INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 102Â Â Â Â Â Â Â Â Â Â Â ITALY INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 103Â Â Â Â Â Â Â Â Â Â Â SPAIN INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 104Â Â Â Â Â Â Â Â Â Â Â SPAIN INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 105Â Â Â Â Â Â Â Â Â Â Â SPAIN INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 106Â Â Â Â Â Â Â Â Â Â Â SPAIN INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 107Â Â Â Â Â Â Â Â Â Â Â RUSSIA INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 108Â Â Â Â Â Â Â Â Â Â Â RUSSIA INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 109Â Â Â Â Â Â Â Â Â Â Â RUSSIA INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 110Â Â Â Â Â Â Â Â Â Â Â RUSSIA INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 111Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 112Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 113Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 114Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 115Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 116Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 117Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 118Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 119Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA INSULATION COATING MATERIALS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 120Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA INSULATION COATING MATERIALS MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 121Â Â Â Â Â Â Â Â Â Â Â UAE INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 122Â Â Â Â Â Â Â Â Â Â Â UAE INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 123Â Â Â Â Â Â Â Â Â Â Â UAE INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 124Â Â Â Â Â Â Â Â Â Â Â UAE INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 125Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 126Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 127Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 128Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 129Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 130Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 131Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 132Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
TABLE 133Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA INSULATION COATING MATERIALS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 134Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA INSULATION COATING MATERIALS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 135Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA INSULATION COATING MATERIALS MARKET BY END USER (USD BILLION), 2020-2029
TABLE 136Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA INSULATION COATING MATERIALS MARKET BY END USER (KILOTONS), 2020-2029
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL INSULATION COATING MATERIALS BY TYPE, USD BILLION, 2020-2029
FIGURE 9Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL INSULATION COATING MATERIALS BY END USER, USD BILLION, 2020-2029
FIGURE 10Â Â Â Â Â Â Â Â Â Â GLOBAL INSULATION COATING MATERIALS BY REGION, USD BILLION, 2020-2029
FIGURE 11          PORTER’S FIVE FORCES MODEL
FIGURE 12Â Â Â Â Â Â Â Â Â Â GLOBAL INSULATION COATING MATERIALS BY TYPE, USD BILLION, 2021
FIGURE 13Â Â Â Â Â Â Â Â Â Â GLOBAL INSULATION COATING MATERIALS BY END USER, USD BILLION, 2021
FIGURE 14Â Â Â Â Â Â Â Â Â Â GLOBAL INSULATION COATING MATERIALS BY REGION, USD BILLION, 2021
FIGURE 15Â Â Â Â Â Â Â Â Â Â MARKET SHARE ANALYSIS
FIGURE 16Â Â Â Â Â Â Â Â Â Â AKZONOBEL: COMPANY SNAPSHOT
FIGURE 17Â Â Â Â Â Â Â Â Â Â PPG INDUSTRIES: COMPANY SNAPSHOT
FIGURE 18Â Â Â Â Â Â Â Â Â Â SHERWIN-WILLIAMS COMPANY: COMPANY SNAPSHOT
FIGURE 19Â Â Â Â Â Â Â Â Â Â KANSAI: COMPANY SNAPSHOT
FIGURE 20Â Â Â Â Â Â Â Â Â Â JOTUN: COMPANY SNAPSHOT
FIGURE 21Â Â Â Â Â Â Â Â Â Â NIPPON PAINT: COMPANY SNAPSHOT
FIGURE 22Â Â Â Â Â Â Â Â Â Â MASCOAT: COMPANY SNAPSHOT
FIGURE 23Â Â Â Â Â Â Â Â Â Â CARBOLINE: COMPANY SNAPSHOT
FIGURE 24Â Â Â Â Â Â Â Â Â Â SHARP SHELL INDUSTRIES: COMPANY SNAPSHOT
FIGURE 25Â Â Â Â Â Â Â Â Â Â AXALTA COATING SYSTEM: COMPANY SNAPSHOT
FAQ
The insulation coating materials market is expected to grow at 7.84 % CAGR from 2022 to 2029. It is expected to reach above USD 18.03 billion by 2029 from USD 9.14 billion in 2020.
Asia Pacific held more than 41 % of the insulation coating materials market revenue share in 2021 and will witness expansion in the forecast period.
Increased industrial sector need for new and enhanced goods is directly driving the market for insulating coating materials. During the forecast period, the market for insulating coating materials is expected to be driven by the paints and coatings sector’s rapid growth and innovation, as well as industry consolidations.
The market is divided based on type into acrylic-based insulation coatings, mullite-based insulation coatings, YSZ-based insulation coatings, polyurethane-based insulation coatings, and epoxy-based insulation coatings. The coating that is applied to an object’s surface can be either aesthetic or utilitarian, or it can be both. They serve as the objects’ protection. The surface that a coating is applied on is known as the substrate. Coatings are used to protect substrates like metal or concrete from electrochemical reactions with the environment.
In the Asia-Pacific area, there is a particularly high need for insulation coatings. Insulating coatings are mostly used in China. The growing need for insulating coatings worldwide is being driven by the region’s expanding manufacturing sector. In the upcoming years, increased spending on infrastructure will cause emerging economies like China and India to rise significantly.
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