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Global Thermal Insulation Coating Market: By Product: Acrylic, Epoxy, Polyurethane, Yttria Stabilised Zirconia (YSZ), Mullite; By Application: Building and Construction, Automotive and Transportation, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Thermal Insulation Coating Market Outlook

The global thermal insulation coating market attained a value of more than USD 8.58 billion in 2021. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 6.67% to reach over USD 12.64 billion by 2027.

 

Heightened Demand for Improved Coating Solutions Across Industry Verticals to Bolster the Thermal Insulation Coating Industry Growth

The industry is being driven by the growing use of thermal insulation coating in various industries. This can be attributed to the benefits offered by these coating solutions, such as corrosion resistance and improved energy efficiency. Additionally, the rapid technological advancements are expected to propel the market growth in the forecast period. In this regard, there has been an increase in the utilisation of eco-friendly products to produce thermal insulation coating solutions, due to which the industry is expected to observe a significant growth in the forecast period.

 

Global Thermal Insulation Coating Market

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The Asia Pacific to be One of the Major Regions in the Global Thermal Insulation Coating Industry

Geographically, the Asia Pacific is anticipated to be one of the leading regions in the thermal insulation coating industry and is expected to maintain its growth in the forecast years. This can be attributed to the increasing investments by the key market players in the research and development of improved coating solutions. Moreover, the easy availability of raw materials in the region is also predicted to offer lucrative opportunities for the market growth.

 

Thermal Insulation Coating: Industry Definition and Segmentation

Thermal insulation coatings are used to protect metal  based and other structural components from extreme elevated temperatures. These solutions provide several key advantages like they reduce stress and fatigue and increase the lifespan of the structure or a component. The coating prevents heat insulation by offering low heat conductivity and high efficiency.

The major thermal insulation coating products available in the market are:

  • Acrylic
  • Epoxy
  • Polyurethane
  • Yttria Stabilised Zirconia (YSZ)
  • Mullite

The market can be broadly categorised, on the basis of application, into:

  • Building and Construction
  • Automotive and Transportation
  • Aerospace and Defence 
  • Manufacturing
  • Others

The EMR report looks into the regional markets of thermal insulation coating like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Demand for Energy Conservation Solutions to Augment the Thermal Insulation Coating Industry Growth

The increasing demand for energy-efficient solutions across industry verticals is estimated to drive the market for thermal insulation coating. This can be attributed to the favourable properties of thermal insulation coating solutions. For instance, these solutions help in improving the performance, reducing the operational costs while also providing low heat conductivity and shock resistance. In addition, they are used in several end use industries like construction, building activities, automotive, manufacturing, and others. Moreover, the increased product demand in the construction industry in residential and commercial construction applications and the growing demand in the automotive industry are expected to aid the market growth in the coming years.

 

Key Industry Players in the Global Thermal Insulation Coating Market

The report presents a detailed analysis of the following key players in the global thermal insulation coating market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Evonik Industries AG
  • Akzonobel N.V.
  • Carboline Company
  • Nippon Paint Holdings Co., Ltd.
  • Kansai Paint Co., Ltd.
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Application, Region
Breakup by Product Acrylic, Epoxy, Polyurethane, Yttria Stabilised Zirconia (YSZ), Mullite
Breakup by Application Building and Construction, Automotive and Transportation, Aerospace and Defence, Manufacturing, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Evonik Industries AG, Akzonobel N.V., Carboline Company., Nippon Paint Holdings Co., Ltd., Kansai Paint Co., Ltd., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Thermal Insulation Coating Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Thermal Insulation Coating Historical Market (2017-2021) 
    8.3    Global Thermal Insulation Coating Market Forecast (2022-2027)
    8.4    Global Thermal Insulation Coating Market by Product
        8.4.1    Acrylic
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Epoxy
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Polyurethane
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Yttria Stabilised Zirconia (YSZ)
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Mullite
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2017-2021)
            8.4.5.3    Forecast Trend (2022-2027)
    8.5    Global Thermal Insulation Coating Market by Application
        8.5.1    Building and Construction
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Automotive and Transportation
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Aerospace and Defence 
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Manufacturing
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Others
    8.6    Global Thermal Insulation Coating Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Evonik Industries AG
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Akzonobel N.V.
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Carboline Company.
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    Nippon Paint Holdings Co., Ltd.
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Kansai Paint Co., Ltd.
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    Others
14    Industry Events and Developments

 

List of Figures and Tables

1.    Global Thermal Insulation Coating Market: Key Industry Highlights, 2017 and 2027
2.    Global Thermal Insulation Coating Historical Market: Breakup by Product (USD Billion), 2017-2021
3.    Global Thermal Insulation Coating Market Forecast: Breakup by Product (USD Billion), 2022-2027
4.    Global Thermal Insulation Coating Historical Market: Breakup by Application (USD Billion), 2017-2021
5.    Global Thermal Insulation Coating Market Forecast: Breakup by Application (USD Billion), 2022-2027
6.    Global Thermal Insulation Coating Historical Market: Breakup by Region (USD Billion), 2017-2021
7.    Global Thermal Insulation Coating Market Forecast: Breakup by Region (USD Billion), 2022-2027
8.    North America Thermal Insulation Coating Historical Market: Breakup by Country (USD Billion), 2017-2021
9.    North America Thermal Insulation Coating Market Forecast: Breakup by Country (USD Billion), 2022-2027
10.    Europe Thermal Insulation Coating Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    Europe Thermal Insulation Coating Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Asia Pacific Thermal Insulation Coating Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Asia Pacific Thermal Insulation Coating Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Latin America Thermal Insulation Coating Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Latin America Thermal Insulation Coating Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Middle East and Africa Thermal Insulation Coating Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Middle East and Africa Thermal Insulation Coating Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Global Thermal Insulation Coating Market Structure

Key Questions Answered in the Report

In 2021, the global thermal insulation coating market attained a value of more than USD 8.58 billion.

The market is projected to grow at a CAGR of 6.67% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach over USD 12.64 billion by 2027.

The major drivers of the industry, such as the rapid technological advancements, benefits offered by the product including reduced operation costs, and the growing investments by key players in product development, are expected to aid the market growth.

The key market trends guiding the growth of the industry include the rising demand for energy conservation solutions and the increasing research and development activities.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The different products considered within the market report include acrylic, epoxy, polyurethane, yttria stabilised zirconia (YSZ), and mullite.

The significant applications include building and construction, automotive and transportation, aerospace and defence, manufacturing, and others.

The major players in the industry are Evonik Industries AG, Akzonobel N.V., Carboline Company, Nippon Paint Holdings Co., Ltd., and Kansai Paint Co., Ltd., among others.

Analyst Review

The global thermal insulation coating market attained a value of more than USD 8.58 billion in 2021, driven by the rising use of thermal insulation coating solutions across industry verticals. Aided by the rapid technological advancements, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 6.67%. The market is projected to reach over USD 12.64 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product, the thermal insulation coating industry can be segmented into acrylic, epoxy, polyurethane, yttria stabilised zirconia (YSZ), and mullite. On the basis of application, the market is categorised as building and construction, automotive and transportation, aerospace and defence, manufacturing, and others. The major regional markets for thermal insulation coating are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Evonik Industries AG, Akzonobel N.V., Carboline Company, Nippon Paint Holdings Co., Ltd., and Kansai Paint Co., Ltd., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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