Analysis and Assessment on Thermal Insulation Coating Market by Polaris Market Research till 2026 with Top Vendors: Nippon Paints, The DOW Chemical Company, Sharpshell Industrial Solution, Evonik Industries AG, Sherwin-Williams Company, PPG Industries, In
Asia-pacific is expected to dominate the Thermal Insulation Coating Market during the forecast period. A significant growth in the manufacturing, automotive, and construction sectors has been registered over the past few years in China, India, and Japan, thereby driving the growth of market. Low labor costs, easy availability of raw materials, and need to improve operational efficiency in different industries further support the market growth in the region. Leading global players are expanding their presence in developing nations of China, Japan, India, Indonesia, and Malaysia to tap the growth opportunities offered by these countries.
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Thermal Insulation Coating are used in various end-use industries such as manufacturing, automotive, construction, aerospace, and defense among others. The manufacturing sector accounted for the highest share in the global thermal insulation coating market. These coatings are used in the manufacturing industries for thermal insulation and improving energy efficiency of equipment such as reactors, pipes, and others. The growing demand of thermal insulation coatings for efficient performance of equipment at high-temperatures and improving overall efficiency while reducing maintenance costs supports the growth.
The various types of products included in Thermal Insulation Coating Market report include acrylic, epoxy, polyurethane, Ytria Stabilized Zirconia, and others. The acrylic segment dominated the market in 2017 owing to its favorable properties such as high tensile strength, affordable cost, and light weight. The epoxy segment is expected to grow at the highest CAGR during the forecast period. Epoxy offers properties such as high resistance to heat and abrasion, high strength and toughness. The increasing awareness regarding green and energy-efficient buildings is expected to drive the growth of this market.
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The rapid growth in the manufacturing, construction, and automotive sectors majorly drives the growth of Thermal Insulation Coating Market. Growing need to save energy, improve performance, and reduce operation costs of equipment supports the growth of the market. The increasing applications and rising demand from industries such as aerospace & defense, automotive & transportation, and industrial are expected to boost the market growth during the forecast period. Increasing awareness regarding construction of green and energy efficient buildings would accelerate the adoption of thermal insulation coatings. New emerging markets, and technological advancements would provide growth opportunities for market in the coming years.
Well-known companies profiled in Thermal Insulation Coating Market report include: -
• Nippon Paints
• The DOW Chemical Company
• Sharpshell Industrial Solution
• Evonik Industries AG
• Sherwin-Williams Company
• PPG Industries Inc.
• Kansai Paint Co. Ltd.
• Akzonobel N.V.
• Grand Polycoats Company Pvt. Ltd.
These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
Table of Content of Thermal Insulation Coating Market:
Chapter 1. Overview and Scope
Chapter 2. Market Summary
Chapter 3 Thermal Insulation Coating Market Size and Forecast
Chapter 4. Dynamics and Segmentation
Chapter 5. Detailed Insight on Key Company
Chapter 6. Research Methodology and Reference
Chapter 7. Competitive Landscape
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