Insulation Coating Materials Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Insulation Coating Materials Market: By Type (Acrylic, Polyurethane, Epoxy, YSZ, Mullite), End User (Aerospace, Automotive, Marine, Insulation, Building & Construction), and Geography

 

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Report

Description

Insulation Coating Materials Market size was valued at USD 8.7 billion in 2021, growing at a CAGR of 6.0% during the forecast period 2022-28. Insulation coatings are used in various industries such as building & construction, Insulation, aerospace, marine, automotive, among others. Increase in demand from various industries, substrate protection and need for insulation coating for energy proficiency are the major aspects promoting the growth of insulation coating material market. The high cost associated with these materials coupled with lower thermal efficiency limits the growth of market. Insulation coatings are more expensive because surface preparation is required before application to prevent corrosion. Priming and curing may also be involved in this procedure. High-temperature ceramic coatings are coated using thermal spray coatings technology. Thermal spraying is more expensive. Process downtime is required for some coatings, which can add to the cost. Because traditional thermal insulation is cost-effective, all of these factors are driving up demand for it.

Insulation Coating Materials Market

MARKET SUMMARY
-
6.0%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 6.0%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North America

Insulation Coating Materials Market

  • The report on global Insulation Coating Materials Market gives historical, current, and future market sizes (US$ Bn) on the basis of type, end user and geography.
  • Insulation Coating Materials Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • AkzoNobel (Netherlands)
  • PPG Industries (US)
  • The Sherwin-Williams Company (US)
  • Kansai Paint CO., LTD. (Japan)
  • Jotun Group (Norway)
Insulation Coating Materials Market Dynamics

Oil and gas refineries make up the foremost segment of the petroleum industry, where Insulation fireproofing and resistance to corrosion are indispensable for avoiding expensive equipment damage and facility downtime. Insulation coating materials reduce condensation, helps to enhance corrosion resistance under insulation, and contribute to energy savings. Moreover, the market is benefitting with the expansion plans of current refineries, and the escalating demands during the forecast period. For instance, Indian Oil has set a budget of US$ XX Bn in order to expand its refineries and expand businesses in the near future. This shall also positively impact the expansion of their Panipat and Paradip refineries.


Asia Pacific Got Significant Share

Insulation Coating Materials Market

APAC is the leading market for insulation coating materials. Emerging economies like China, India offers a lucrative growth in this region. Increasing demand for insulation coatings from oil & gas, chemical, and power industries drives the growth of market in APAC region. The APAC region is perceiving the Insulation growth, which in turn, will boost the demand for insulation coatings in the region. Escalating demand in the Insulation sector for better-quality product, growing innovation and development is directly upsetting the use of insulation coating materials.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2015-2020) and forecast (2021-2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Key

Key Findings of the Report


Insulation Coating Materials Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

  1. Executive Summary
  2. Global Insulation Coating Materials Market Introduction

2.1. Global Insulation Coating Materials  Market – Taxonomy

2.2. Global Insulation Coating Materials  Market –Definitions

2.2.1. Type

2.2.2. End User

  1. Global Insulation Coating Materials Market Dynamics

3.1. Drivers

3.2. Restraints

3.3. Opportunities/Unmet Needs of the Market

3.4. Trends

3.5. Global Insulation Coating Materials  Market Dynamic Factors – Impact Analysis

3.6. Global Insulation Coating Materials  Market – Competition Landscape

  1. Global Insulation Coating Materials Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025

4.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)

4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)

4.3. Market Opportunity Analysis

  1. Global Insulation Coating Materials Market, By Type, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)

5.1. Acrylic

5.1.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)

5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.1.3. Market Opportunity Analysis

5.2. Epoxy

5.2.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)

5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.2.3. Market Opportunity Analysis

5.3. Polyurethane

5.3.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)

5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.3.3. Market Opportunity Analysis

5.4. YSZ

5.4.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)

5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.4.3. Market Opportunity Analysis

5.5. Mullite

5.5.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)

5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.5.3. Market Opportunity Analysis

  1. Global Insulation Coating Materials Market Forecast, By End User Type, 2014 – 2018 and Forecast, 2019 – 2025

6.1. Aerospace

6.1.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)

6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.1.3. Market Opportunity Analysis

6.2. Automotive

6.2.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)

6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.2.3. Market Opportunity Analysis

6.3. Marine

6.3.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)

6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.3.3. Market Opportunity Analysis

6.4. Insulation

6.4.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)

6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.4.3. Market Opportunity Analysis

6.5. Building and Construction

6.5.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)

6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.5.3. Market Opportunity Analysis

  1. Global Insulation Coating Materials Market Forecast, By Region, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)

7.1. North America

7.1.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)

7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.1.3. Market Opportunity Analysis

7.2. Europe

7.2.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)

7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.2.3. Market Opportunity Analysis

7.3. Asia-Pacific

7.3.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)

7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.3.3. Market Opportunity Analysis

7.4. Latin America

7.4.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)

7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.4.3. Market Opportunity Analysis

7.5. Middle East and Africa

7.5.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)

7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.5.3. Market Opportunity Analysis

7.6. Global Insulation Coating Materials  Market – Opportunity Analysis Index, By Type, End User, and Region, 2019 – 2025

  1. North America Insulation Coating Materials Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)

8.1. Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

8.1.1. Acrylic

8.1.2. Epoxy

8.1.3. Polyurethane

8.1.4. YSZ

8.1.5.  Mullite

8.2. End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

8.2.1. Aerospace

8.2.2. Automotive

8.2.3. Marine

8.2.4. Insulation

8.2.5. Building & Construction

8.3. Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

8.3.1. U.S.

8.3.2. Canada

8.4. North America Insulation Coating Materials  Market – Opportunity Analysis Index, By Type, End User, and Country, 2019 – 2025

8.5. North America Insulation Coating Materials  Market Dynamics – Trends

  1. Europe Insulation Coating Materials Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)

9.1. Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

9.1.1. Acrylic

9.1.2. Epoxy

9.1.3. Polyurethane

9.1.4. YSZ

9.1.5.  Mullite

9.2. End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

9.2.1. Aerospace

9.2.2. Automotive

9.2.3. Marine

9.2.4. Insulation

9.2.5. Building & Construction

9.3. Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

9.3.1. Germany

9.3.2. UK

9.3.3. France

9.3.4. Spain

9.3.5. Italy

9.3.6. Russia

9.3.7. Rest of Europe

9.4. Europe Insulation Coating Materials  Market – Opportunity Analysis Index, By Type, End User, and Country, 2019 – 2025

9.5. Europe Insulation Coating Materials  Market Dynamics – Trends

  1. Asia-Pacific Insulation Coating Materials Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)

10.1. Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

10.1.1. Acrylic

10.1.2. Epoxy

10.1.3. Polyurethane

10.1.4. YSZ

10.1.5.  Mullite

10.2. End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

10.2.1. Aerospace

10.2.2. Automotive

10.2.3. Marine

10.2.4. Insulation

10.2.5. Building & Construction

10.3. Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

10.3.1. Japan

10.3.2. China

10.3.3. India

10.3.4. ASEAN

10.3.5. Rest of Asia-Pacific

10.4. Asia-Pacific Insulation Coating Materials  Market – Opportunity Analysis Index, By Type, End User, and Country, 2019 – 2025

10.5. Asia-Pacific Insulation Coating Materials  Market Dynamics – Trends

  1. Latin America Insulation Coating Materials Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)

11.1. Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

11.1.1. Acrylic

11.1.2. Epoxy

11.1.3. Polyurethane

11.1.4. YSZ

11.1.5.  Mullite

11.2. End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

11.2.1. Aerospace

11.2.2. Automotive

11.2.3. Marine

11.2.4. Insulation

11.2.5. Building & Construction

11.3. Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

11.3.1. Brazil

11.3.2. Mexico

11.3.3. Argentina

11.3.4. Chile

11.3.5. Rest of Latin America

11.4. Latin America Insulation Coating Materials  Market – Opportunity Analysis Index, By Type, End User, and Country, 2019 – 2025

11.5. Latin America Insulation Coating Materials  Market Dynamics – Trends

  1. Middle East and Africa Insulation Coating Materials Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)

12.1. Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

12.1.1. Acrylic

12.1.2. Epoxy

12.1.3. Polyurethane

12.1.4. YSZ

12.1.5.  Mullite

12.2. End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

12.2.1. Aerospace

12.2.2. Automotive

12.2.3. Marine

12.2.4. Insulation

12.2.5. Building & Construction

12.3. Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

12.3.1. South Africa

12.3.2. Gulf Cooperation Council (GCC) Countries

12.3.3. Rest of MEA

12.4. MEA Insulation Coating Materials  Market – Opportunity Analysis Index, By Type, End User, and Country, 2019 – 2025

12.5. MEA Insulation Coating Materials  Market Dynamics – Trends

  1. Competition Landscape

13.1. Strategic Dashboard of Top Market Players

13.2. Company Profiles (Introduction, Financial Analysis, Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)

13.2.1. AkzoNobel (Netherlands)

13.2.2. PPG Industries (US)

13.2.3. The Sherwin-Williams Company (US)

13.2.4. Kansai Paint CO., LTD. (Japan)

13.2.5. Jotun Group (Norway)

13.2.6. Nippon Paint (Japan)

13.2.7. Mascoat (US)

  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • AkzoNobel (Netherlands)
  • PPG Industries (US)
  • The Sherwin-Williams Company (US)
  • Kansai Paint CO., LTD. (Japan)
  • Jotun Group (Norway)
  • Nippon Paint (Japan)
  • Mascoat (US)

Description

Insulation Coating Materials Market size was valued at USD 8.7 billion in 2021, growing at a CAGR of 6.0% during the forecast period 2022-28. Insulation coatings are used in various industries such as building & construction, Insulation, aerospace, marine, automotive, among others. Increase in demand from various industries, substrate protection and need for insulation coating for energy proficiency are the major aspects promoting the growth of insulation coating material market. The high cost associated with these materials coupled with lower thermal efficiency limits the growth of market. Insulation coatings are more expensive because surface preparation is required before application to prevent corrosion. Priming and curing may also be involved in this procedure. High-temperature ceramic coatings are coated using thermal spray coatings technology. Thermal spraying is more expensive. Process downtime is required for some coatings, which can add to the cost. Because traditional thermal insulation is cost-effective, all of these factors are driving up demand for it.

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