Insulation Coating Materials Market Projected to Reach US$ 12.5 Billion by 2023 | Global Forecast, Trends, Opportunity and Industry Analysis

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The Insulation Coating Materials Market is estimated at US$ 8.7 Billion in 2018 and is projected to reach US$ 12.5 Billion by 2023, at a CAGR of 7.5% between 2018 and 2023.The insulation coating materials market is driven by various factors, including increasing demand from end users due to its properties such as energy savings and prevention of corrosion.

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“The insulation coating materials market is expected to witness the highest growth in the marine end-use industry during the forecast period.”
The insulation coating materials market is driven by various factors, such as the need for energy saving, personnel protection, and surface protection in the marine industry. The marine environment is also prone to corrosion due to high moisture content. Insulation coating materials are used to provide a thermal barrier and anti-condensation capabilities for shipboard construction.

“APAC is expected to register the highest growth rateduring the forecast period.”
APAC is one of the most promising markets forinsulation coating materials, due to the increase in investments in China, India, and other Southeast Asian countries. The demand for insulation coatings is increasing in the oil & gas, chemical, and power industries. The APAC region is witnessing the industrial growth, which in turn, will fuel the demand for insulation coatings in the region.

Breakup of primary interviews:
• By Company Type - Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%
• By Designation - C level –30%, Director level – 30%, and Others – 40%
• By Region - North America –20%, Europe – 20%, APAC – 40%, South America –10%, Middle East& Africa – 10%

The Study Objectives of this report are:

• To analyze and forecast the market size on the basis of major regions such as North America, Europe, Asia Pacific (APAC), South America, and the Middle East & Africa and the key countries within these regions

• To estimate and forecast the market based on type and end-use industry

• To define, describe, and forecast the insulation coating materials market in terms of value and volume

• To analyze the opportunities in the market for stakeholders and present a competitive landscape for the market leaders

• To strategically profile the key players in the market

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#Top Key Players in the “Insulation Coating Materials Market” include are AkzoNobel (Netherlands), PPG Industries (US), The Sherwin-Williams Company (US), Kansai Paint CO., LTD. (Japan), Jotun Group (Norway), Nippon Paint (Japan), and Mascoat (US).

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