18-Jul-2019 | Zion Market Research
Zion Market Research has published a new report titled “Insulation Coating Materials Market by Type (Acrylic, Polyurethane, Epoxy, Mullite, YSZ, and Others) and by End-Use Industry (Automotive, Aerospace, Industrial, Building & Construction, Marine, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global insulation coating materials market was USD 8.7 billion in 2018 and is expected to reach USD 14.43 billion by 2025, at a CAGR of 7.5% between 2019 and 2025.
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.
Browse the full “Insulation Coating Materials Market by Type (Acrylic, Polyurethane, Epoxy, Mullite, YSZ, and Others) and by End-Use Industry (Automotive, Aerospace, Industrial, Building & Construction, Marine, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/insulation-coating-materials-market
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.
The global insulation coating materials market is mainly fragmented based on the type and end-use industry. On the basis of type, the market for insulation coating materials includes acrylic, mullite, polyurethane, YSZ, epoxy, and others. The acrylic segment is anticipated to show the highest CAGR in the global insulation coating materials market in the future. 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 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.
This report segments the global insulation coating materials market into:
Global Insulation Coating Materials Market: Type Analysis
Global Insulation Coating Materials Market: End-Use Industry Analysis
Global Insulation Coating Materials Market: Regional Analysis
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