Insulation Coating Materials Market - Global Industry Analysis

Insulation Coating Materials Market

Insulation Coating Materials Market Size, Share & Forecast Analysis

Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-4447 Published Date: Jul-2019 Status : Published

Insulation Coating Materials Market

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Insulation is used to ensure thermal protection and condensation resistance. These materials help in heat transfer reduction between various major elements across several sectors, such as building and construction, energy, aviation, automobile, and marine. Prevention against thermal fatigue, corrosion, melting, and warping are also offered by insulation coating materials.

The global insulation coating materials market is experiencing significant growth, owing to the rising in demand for innovative and improved products in the industrial sectors and increasing demand for insulation coating materials by automotive, aerospace, industrial, building and construction, marine industries. Rising consumer awareness regarding energy conservation, supportive government policies, and growing investments in environment-friendly insulation materials are some other key factors that are likely to fuel the global insulation coating materials market over the forecast time period. Robust industrialization and easy availability of raw materials are also expected to increase the demand for insulation coating materials across the globe in the years to come. However, volatile prices of raw materials required in the manufacturing of insulation coating materials may act as a restraining factor for the insulation coating materials market growth globally. Alternatively, the manufacturers’ focus is more on making environmentally sustainable insulation coating materials, which is projected to open new growth avenues for the market major players.

The global insulation coating materials market is mainly fragmented based on type and end-use industry. On the basis of type, the global insulation coating materials market includes acrylic, polyurethane, epoxy, mullite, YSZ, and others. The end-use industry of the global insulation coating materials market comprises automotive, aerospace, industrial, building and construction, marine, and others. In 2018, the industrial segment was leading the global insulation coating materials market.

In 2018, the Asia Pacific region was the largest insulation coating materials market globally. This growth can be mainly attributed to the rapid developments witnessed in the regional marine and aerospace industries. Moreover, the Asia Pacific insulation coating materials market is anticipated to be the fastest growing over the next few years, owing to the flourishing automotive industry in the region. North America held the second largest market for insulation coating materials in 2018.

Some major players of the global insulation coating materials market are The Dow Chemical, Sharpshell Industrial Solution, PPG Industries, Jotun Group, Mascoat, Kansai Paint, The Sherwin-Williams, Nippon Paint, Carboline, AkzoNobel, Cabot Corporation, Axalta Coating Systems, The Bayou Company, General Coatings Manufacturing, Delta T & Protective Products, Coolshield International, and SK Formulations.

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