Insulation Coating Materials Market {2027}: Trends & Forecast

By | August 29, 2023
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Global insulation coating materials market may grow from $ 8.8 billion in 2021 to $ 12.6 billion by 2027 with CAGR of 7.5%. Free Sample Report.

The globalinsulation coating materials market is projected to grow from $ 8.8 billion in 2021 to $ 12.6 billion by 2027, exhibiting a CAGR of 7.5% during the forecast period. Insulation coatings prevent the transfer of heat or sound from one surface area to another. These coatings help save energy and are used in building & construction, industrial, aerospace, marine, automotive, and other industries.

The insulation coating materials market is propelled 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.

Corrosion under insulation has been a crude problem in marine applications, and insulation coating materials provide corrosion protection due to their low porosity as they form a film over the substrate. Apart from these factors, increasing shipbuilding activity in growing economies such as India, China, and South Korea is expected to drive the insulation coating materials market.

The insulation coating materials market has been categorized into type, application, end-user, and region. Based on type, acrylic coatings dominate the market. Acrylic coatings can be applied with user-friendly spray equipment and are suitable for temperature applications of up to 151ºC. Furthermore, water-based acrylic insulation coating materials can operate up to 176ºC. The acrylic-based insulation coating materials are the ideal replacement for conventional materials and are used due to their ease of maintenance and ability to prevent CUI. These coatings are an ideal replacement for thick insulation jackets. Growing industrialization and expanding manufacturing sectors are expected to fuel the demand for acrylic insulation coating materials during the forecast period.

Asia-Pacific is anticipated to account for the largest share of the global insulation coating materials market during the forecast period, on the back of huge demand in countries such as China, Japan, India, South Korea, and Australia. Growing industrialization in these countries is expected to drive the market for insulation coating materials in the region during the forecast period.

Some of the leading companies operating in the global insulation coating materials market

 

  1. AkzoNobel
  2. PPG Coatings
  3. Sherwin Williams Company
  4. Hempel
  5. Mascoat
  6. Axalta Coating Systems
  7. Tnemec Company Inc.
  8. ZEON Corporation
  9. S.K. Kaken Co., Ltd.
  10. Nippon Paint Industrial Coatings Co., Ltd..

The objective of the Study:

  • To analyze and forecast global insulation coating materials market size.
  • To forecast global insulation coating materials market based on type, application, end-user and regional distribution.
  • To identify drivers and challenges for global insulation coating materials market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global insulation coating materials market.
  • To conduct the pricing analysis for the insulation coating materials market.
  • To identify and analyze the profile of leading players involved in the manufacturing of insulation coating materials.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major players operating in global insulation coating materials market.

TechSci Research calculated global insulation coating materials market size using a top-down approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  •  Insulation Coating Materials manufacturers and suppliers
  • Government and other regulatory bodies
  • Research institutes and organizations
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

AttributeDetails
Base Year2021
Historical Data2017 – 2020
Estimated Year2022
Forecast Period2023 – 2027
Quantitative UnitsRevenue in USD Million, Volume in Units and CAGR for 2017-2021 and 2022E-2027F 
Report coverageRevenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends 
Segments covered    Type    Application      End User 
Regional scopeNorth America; Europe; Asia Pacific; South America; Middle East & Africa
Country scopeUnited States, Mexico, Canada, China, India, Japan, South Korea, Australia;  Germany, France, United Kingdom, Russia, Italy, South Africa, UAE, Saudi Arabia, Qatar, Brazil, Argentina, Colombia
Key companies profiledAkzonobel, PPG Coatings, Sherwin Williams Company, Hempel, Mascoat, Axalta Coating Systems, Tnemec Company Inc., ZEON Corporation, S.K. Kaken Co., Ltd., Nippon Paint Industrial Coatings Co., Ltd.
Customization scope10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase optionsAvail customized purchase options to meet your exact research needs. Explore purchase options
Delivery FormatPDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global insulation coating materials market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Insulation Coating Materials Market, by Type:
    • Acrylic
    • Polyurethane
    • Epoxy
    • YSZ
    • Mullite
    • Others
  • Insulation Coating Materials Market, by Application:
    • Thermal
    • Electrical
    • Acoustic
    • Abrasion & Corrosion
  • Insulation Coating Materials Market, by End-User:
    • Aerospace
    • Marine
    • Industrial
    • Automotive
    • Building & Construction
    • Oil & Gas
    • Energy
    • HVAC
    • Electronics & Electrical
  • Insulation Coating Materials Market, by Region:
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia
    • Europe
      • United Kingdom
      • Italy
      • France
      • Germany
      • Russia
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East and Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Qatar

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global insulation coating materials market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in the case of direct and indirect sales channels.

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Table of Content-Insulation Coating Materials Market 

  1. Product Overview
  2. Research Methodology
  3. Executive Summary
  4. Voice of Customer

4.1.  Factors to be considered for product selection

4.2.  Factors influencing purchase decision

4.3.  Challenges/issues faced post purchase

4.4.  Unmet needs

  1. Impact of COVID-19 on Global Insulation Coating Materials Market
  2. Global Insulation Coating Materials Market Outlook

6.1.  Market Size and Forecast

6.1.1.   By Value & Volume

6.2.  Market Share and Forecast

6.2.1.   By Type (Acrylic, Polyurethane, Epoxy, YSZ, Mullite and Others)

6.2.2.   By Application (Thermal, Electrical, Acoustic, Abrasion & Corrosion)

6.2.3.   By End-User (Aerospace, Marine, Industrial, Automotive, Building & Construction, Oil & Gas, Energy, HVAC, Electronics & Electrical)

6.2.4.   By Company (2021)

6.2.5.   By Region

6.3.    Market Attractive Index

  1. Asia-Pacific Insulation Coating Materials Market Outlook

7.1.   Market Size and Forecast

7.1.1.   By Value and Volume

7.2.  Market Share & Forecast

7.2.1.   By Type

7.2.2.   By Application

7.2.3.   By End-User

7.2.4.   By Country

7.3.  China Insulation Coating Materials Market Outlook

7.3.1.   Market Size and Forecast

7.3.1.1.               By Value

7.3.2.   Market Share and Forecast

7.3.2.1.               By Type

7.3.2.2.               By Application

7.3.2.3.               By End-User                                        

7.4.  Japan Insulation Coating Materials Market Outlook

7.4.1.    Market Size and Forecast

7.4.1.1.                By Value

7.4.2.    Market Share and Forecast

7.4.2.1.               By Type

7.4.2.2.               By Application

7.4.2.3.               By End-User

7.5.   India Insulation Coating Materials Market Outlook

7.5.1.    Market Size and Forecast

7.5.1.1.                By Value

7.5.2.    Market Share and Forecast

7.5.2.1.               By Type

7.5.2.2.               By Application

7.5.2.3.               By End-User

7.6.  South Korea Insulation Coating Materials Market Outlook

7.6.1.    Market Size and Forecast

7.6.1.1.                By Value

7.6.2.    Market Share and Forecast

7.6.2.1.               By Type

7.6.2.2.               By Application

7.6.2.3.               By End-User

7.7.  Australia Insulation Coating Materials Market Outlook

7.7.1.    Market Size and Forecast

7.7.1.1.                By Value

7.7.2.    Market Share and Forecast

7.7.2.1.               By Type

7.7.2.2.               By Application

7.7.2.3.               By End-User

  1.  Europe Insulation Coating Materials Market Outlook

8.1.   Market Size and Forecast

8.1.1.   By Value and Volume

8.2.  Market Share & Forecast

8.2.1.   By Type

8.2.2.   By Application

8.2.3.   By End-User

8.2.4.   By Country

8.3.   United Kingdom Insulation Coating Materials Market Outlook

8.3.1.   Market Size and Forecast

8.3.1.1.               By Value

8.3.2.   Market Share and Forecast

8.3.2.1.               By Type

8.3.2.2.               By Application

8.3.2.3.               By End-User                                        

8.4.  Italy Insulation Coating Materials Market Outlook

8.4.1.    Market Size and Forecast

8.4.1.1.                By Value

8.4.2.    Market Share and Forecast

8.4.2.1.               By Type

8.4.2.2.               By Application

8.4.2.3.               By End-User

8.5.  France Insulation Coating Materials Market Outlook

8.5.1.    Market Size and Forecast

8.5.1.1.                By Value

8.5.2.    Market Share and Forecast

8.5.2.1.               By Type

8.5.2.2.               By Application

8.5.2.3.               By End-User

8.6.  Germany Insulation Coating Materials Market Outlook

8.6.1.    Market Size and Forecast

8.6.1.1.                By Value

8.6.2.    Market Share and Forecast

8.6.2.1.               By Type

8.6.2.2.               By Application

8.6.2.3.               By End-User

8.7.   Russia Insulation Coating Materials Market Outlook

8.7.1.    Market Size and Forecast

8.7.1.1.                By Value

8.7.2.    Market Share and Forecast

8.7.2.1.               By Type

8.7.2.2.               By Application

8.7.2.3.               By End-User

  1. North America Insulation Coating Materials Market Outlook

9.1.   Market Size and Forecast

9.1.1.   By Value & Volume

9.2.  Market Share & Forecast

9.2.1.   By Type

9.2.2.   By Application

9.2.3.   By End-User

9.2.4.   By Country

9.3.   United States Insulation Coating Materials Market Outlook

9.3.1.   Market Size and Forecast

9.3.1.1.               By Value

9.3.2.   Market Share and Forecast

9.3.2.1.               By Type

9.3.2.2.               By Application

9.3.2.3.               By End-User

9.4.  Mexico Insulation Coating Materials Market Outlook

9.4.1.   Market Size and Forecast

9.4.1.1.               By Value

9.4.2.   Market Share and Forecast

9.4.2.1.               By Type

9.4.2.2.               By Application

9.4.2.3.               By End-User    

9.5.   Canada Insulation Coating Materials Market Outlook

9.5.1.   Market Size and Forecast

9.5.1.1.               By Value

9.5.2.   Market Share and Forecast

9.5.2.1.               By Type

9.5.2.2.               By Application

9.5.2.3.               By End-User

  1.  South America Insulation Coating Materials Market Outlook

10.1.           Market Size and Forecast

10.1.1.                By Value & Volume

10.2.          Market Share & Forecast

10.2.1.                By Type

10.2.2.                By Application

10.2.3.                By End-User

10.2.4.                By Country

10.3.            Brazil Insulation Coating Materials Market Outlook

10.3.1.                Market Size and Forecast

10.3.1.1.            By Value

10.3.2.                Market Share and Forecast

10.3.2.1.            By Type

10.3.2.2.            By Application

10.3.2.3.            By End-User

10.4.            Argentina Insulation Coating Materials Market Outlook

10.4.1.                Market Size and Forecast

10.4.1.1.            By Value

10.4.2.                Market Share and Forecast

10.4.2.1.            By Type

10.4.2.2.            By Application

10.4.2.3.            By End-User    

10.5.          Colombia Insulation Coating Materials Market Outlook

10.5.1.                Market Size and Forecast

10.5.1.1.            By Value

10.5.2.                Market Share and Forecast

10.5.2.1.            By Type

10.5.2.2.            By Application

10.5.2.3.            By End-User

  1. Middle East & Africa Insulation Coating Materials Market Outlook

11.1.           Market Size and Forecast

11.1.1.                By Value & Volume

11.2.          Market Share & Forecast

11.2.1.                By Type

11.2.2.                By Application

11.2.3.                By End-User

11.2.4.                By Country

11.3.           South Africa Insulation Coating Materials Market Outlook

11.3.1.                Market Size and Forecast

11.3.1.1.            By Value

11.3.2.                Market Share and Forecast

11.3.2.1.            By Type

11.3.2.2.            By Application

11.3.2.3.            By End-User

11.4.           Saudi Arabia Insulation Coating Materials Market Outlook

11.4.1.                Market Size and Forecast

11.4.1.1.            By Value

11.4.2.                Market Share and Forecast

11.4.2.1.            By Type

11.4.2.2.            By Application

11.4.2.3.            By End-User    

11.5.          UAE Insulation Coating Materials Market Outlook

11.5.1.                Market Size and Forecast

11.5.1.1.            By Value

11.5.2.                Market Share and Forecast

11.5.2.1.            By Type

11.5.2.2.            By Application

11.5.2.3.            By End-User

11.6.          Qatar Insulation Coating Materials Market Outlook

11.6.1.                Market Size and Forecast

11.6.1.1.            By Value

11.6.2.                Market Share and Forecast

11.6.2.1.            By Type

11.6.2.2.            By Application

11.6.2.3.            By End-User

  1.  Market Dynamics

12.1.            Drivers

12.2.          Challenges

  1. Market Trends & Developments
  2. Pricing Analysis
  3. Competitive Landscape

15.1.          Competition Benchmarking

15.2.          Company Profiles (Leading companies)

15.2.1.                Akzonobel

15.2.2.                PPG Coatings

15.2.3.                Sherwin Williams Company

15.2.4.                Hempel

15.2.5.                Mascoat

15.2.6.                Axalta Coating Systems

15.2.7.                Tnemec Company Inc.

15.2.8.                ZEON Corporation

15.2.9.                S.K. Kaken Co., Ltd.

15.2.10.              Nippon Paint Industrial Coatings Co., Ltd. 

(Note: The companies list can be customized based on the client requirements)

  1. Strategic Recommendations