- Acrylic
- Epoxy
- Polyurethane
- YSZ
- Mullite
Insulation Coating Materials Market size was valued at USD 8.7 billion in 2022, growing at a CAGR of 6.0% during the forecast period 2023-29. 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.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
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.
The insulation coating materials market is projected to expand at a CAGR of 6.0% during the forecast period.
AkzoNobel (Netherlands), PPG Industries (US), The Sherwin-Williams Company (US), Kansai Paint CO., LTD. (Japan), Jotun Group (Norway)
North America is the fastest-growing region for insulation coating materials market
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 |
2.2.3.Region |
3.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. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Insulation Coating Materials Market Analysis, 2018-2022 and Forecast 2023-2029 |
4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Insulation Coating Materials Market By Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
5.1. Acrylic |
5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
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, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
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, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
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, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
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, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
6.Global Insulation Coating Materials Market By End User, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
6.1. Aerospace |
6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
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, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
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, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
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, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Building & Construction |
6.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
7.Global Insulation Coating Materials Market By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
7.1. North America |
7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
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, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
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 (APAC) |
7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Middle East and Africa (MEA) |
7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Latin America |
7.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8.North America Insulation Coating Materials Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
8.1. Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, 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 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, 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 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.3.1.United States of America (USA) |
8.3.2.Canada |
9.Europe Insulation Coating Materials Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
9.1. Type Analysis and Forecast by Sales Value USD Million, 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 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, 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 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Germany |
9.3.2.France |
9.3.3.Italy |
9.3.4.United Kingdom (UK) |
9.3.5.Spain |
9.3.6.Rest of EU |
10.Asia Pacific (APAC) Insulation Coating Materials Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
10.1. Type Analysis and Forecast by Sales Value USD Million, 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 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, 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 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.China |
10.3.2.India |
10.3.3.Australia and New Zealand (ANZ) |
10.3.4.Japan |
10.3.5.Rest of APAC |
11.Middle East and Africa (MEA) Insulation Coating Materials Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
11.1. Type Analysis and Forecast by Sales Value USD Million, 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 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, 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 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.GCC Countries |
11.3.2.South Africa |
11.3.3.Rest of MEA |
12.Latin America Insulation Coating Materials Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
12.1. Type Analysis and Forecast by Sales Value USD Million, 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 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, 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 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Brazil |
12.3.2.Mexico |
12.3.3.Rest of LA |
13. Competition Landscape |
13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, 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) |
14. Research Methodology |
15. Appendix and Abbreviations |