Thermal Insulation Coating Market and Global Foresight to 2023: Key Global Players - The Sherwin-Williams Company, Dow Chemical Company, Akzo Nobel N.V., PPG Industries Inc., Kansai Paint Co. Ltd., Jotun, Nippon Paint Holdings Co. Ltd., Carboline Company,

Market Overview:

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.

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Increasing automobile production and sales along with rising consumption of interior coatings is estimated to fuel the growth of the market. Furthermore, rapid urbanization coupled with increasing disposable income in the emerging economies is predicted to propel the growth of the market during the assessment period, 2017 to 2023. Need of protective coatings on tools, equipment, and end decorative parts in building & construction industry is posing as a major demand driver in the market. In addition to this, the use of thermal insulation coating has increased in a number of industrial applications in a bid to protect machineries and equipment which function in harsh environment with high temperatures. This, in turn, is propelling the product demand in the market.

However, implementation of strict regulations by various government bodies has restricted the use of toxic organic chemicals used in the production of Thermal Insulation Coating, which is expected to hamper the growth of the market.

Intended Audience:

• Thermal Insulation Coating Manufacturers
• Traders and Distributors of Thermal Insulation Coating
• Production Process Industries
• Potential Investors
• Raw Material Suppliers
• Nationalized Laboratory

Competitive Landscape:

Thermal Insulation Coating market appears highly competitive. This competition will further get intensified with the high investments estimated to transpire during the forecast period. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players in the market.

Segmentation:

The Global Thermal Insulation Coating Market is categorized on the basis of type, end use industry, and region.

On the basis of type, the market is bifurcated into acrylic, epoxy, polyurethane, yttria stabilized zirconia and others.

Based on end use, this product finds its application in aviation, transportation, construction, and other industrial purposes.

On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Regional Analysis:

Geographically, North American thermal insulation coating market is predicted to witness a tremendous growth on account of high consumption potential, increasing production capacities, and rising economic growth rate. In North American region, the U.S. is predicted to be the major contributor in the regional growth of Thermal Insulation Coating Market and is expected to see a significant demand for Thermal Insulation Coating during the forecast period, 2017 to 2023. As of 2016, the U.S accounted for the largest market share and is followed by Canada in terms of value & volume and is estimated to grow with a moderate CAGR on account of growth in the production of crude oil.

In Europe, the demand for Thermal Insulation Coating is predicted to grow in various countries such as Italy, Germany, Spain, the U.K, France, and Russia on account of increasing expenditure in innovation and growing purchasing power of consumers. Moreover, presence of major automobile manufacturers specifically in Germany is expected to give a new impetus to the market growth.

Latin American countries such as Argentina, Colombia, and Brazil are also predicted to witness a substantial growth owing to increasing consumer spending on passenger cars as well as involvement of new technologies and inventions in Thermal Insulation Coating.

Global Key Players:

PPG Industries, Inc. (U.S.), The Sherwin-Williams Company (U.S.), The Dow Chemical Company (U.S.), Akzo Nobel N.V. (the Netherlands), Kansai Paint Co. Ltd. (Japan), Jotun (Norway), Nippon Paint Holdings Co. Ltd. (Japan), Carboline Company (U.S.), Sharpshell Industrial Solutions (South Africa), and Mascoat (U.S.).

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