Press release
Thermal Insulation Coating Market Forecast Report through 2018 to 2023 | Global Opportunity | Industry Share by Top Players | Dow Chemical Company, PPG Industries Inc., Mascoat, Kansai Paint Co. Ltd., Akzo Nobel N.V., Jotun
Thermal Insulation Coating Market
Thermal Insulation Coating are coatings applied like a paint to a substrate. These coatings are classified into acrylic, epoxy, polyurethane, and yttria stabilized zirconia (YSZ). These coatings possess characteristics exhibit low heat transfer, chemical resistance, inertness when exposed to outdoor conditions and energy saving in industrial applications. Their major role is to increase the life span or durability of a material or any other substrate. They have applications in end use industries such as aviation, automotive, oil & gas, and construction industries.
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As per our analysis, some of the prominent market factors and trends identified in the Global Thermal Insulation Coating Market include rapid urbanization, rising demand for aircraft carriers, and increasing expenditure on research activities. Moreover, demand for Thermal Insulation Coating is predicted to witness a significant growth over the assessment period due to rapidly developing construction industry. Rising construction activities across the globe is anticipated to be an important driver for Thermal Insulation Coating Market during the review period.
Top Global Competitors:
The Top Global Players operating in the Thermal Insulation Coating Market are:
• PPG Industries (U.S.),
• The Sherwin-Williams (U.S.),
• The Dow Chemical (U.S.),
• Akzo Nobel N.V. (the Netherlands),
• Kansai Paint (Japan),
• Jotun (Norway),
• Nippon Paint Holdings (Japan),
• Carboline (U.S.),
• Sharpshell Industrial Solutions (South Africa),
• Mascoat (U.S.)
Market Segmentation:
The Global Thermal Insulation Coating Market is categorized on the basis of Type, End Use Industry:
On The Basis Of Type-
• Acrylic,
• Epoxy,
• Polyurethane,
• Yttria Stabilized Zirconia
On The Basis Of End Use Industry -
• Aviation,
• Transportation,
• Industrial,
• Construction
Regional Analysis:
Geographically, Thermal Insulation Coating Market is segmented across Five Regions in the world namely: Asia Pacific, North America, Europe, Latin America, Middle East & Africa.
North America is predicted to grow with the highest CAGR during the review period, 2017 to 2023 on account of expanding aviation industry. The demand for thermal insulation coating in petrochemical plants is predicted to surge in countries of the North America such as the U.S., Canada and Mexico due to high adoption rate by the petrochemical producers.
In Europe, the demand for thermal insulation coating is predicted to grow in various countries such as Italy, Germany, Spain, U.K, France, and Russia on account of increasing expenditure in innovation and growing purchasing power of consumers.
Latin American countries such as Argentina, Colombia, and Brazil are also predicted to witness substantial growth owing to increasing consumer spending on passenger cars as well as involvement of new technologies and inventions in thermal insulation coating.
Asia Pacific thermal insulation coating market is predicted to grow with a moderate CAGR due to developing crude oil processing and expanding petroleum refineries in India and China.
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