PUBLISHER: Polaris Market Research | PRODUCT CODE: 1259863
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1259863
Thermal Insulation Coating Market Share, Size, Trends, Industry Analysis Report, By Type (Acrylic, Epoxy, Polyurethane, Yttria Stabilized Zirconia); By End-Use; By Region; Segment Forecast, 2023-2032
The thermal Insulating coating market size is predicted to reach USD 18.95 billion by 2032, accordance with a new study by Polaris Market Research. The report "Thermal Insulation Coating size, Market Share, Trends, Industry Analysis Report, By Type (Acrylic, Epoxy, Polyurethane, Yttria Stabilized Zirconia); By End-Use; By Region; Segment Forecast, 2023-2032" gives a complete foresight into current market dynamics and contribute analysis on future market growth.
Thermal insulation coatings are shield metal-based and other structural components from extremely high temperatures. These solutions offer several significant benefits, including a decrease in stress and strain as well as an extension of the useful life of a building or component. The coating inhibits heat insulation by providing low heat conductivity and great efficiency.
The market for insulating coatings has experienced tremendous growth as a result of increased demand for energy efficiency, corrosion resistance, and stringent workplace standards. Additionally, it is anticipated that the end-use sector for insulation coating used by marines would develop at the fastest rate over the course of the projected period. This end-use sector is expected to experience significant sales in numerous regions.
The product increases energy efficiency while also providing corrosion resistance. Other thermal insulation coating types include yttria-stabilized zirconia, mullite, epoxy, and acrylic, among others. The product is employed in numerous industries, including automotive, manufacturing, construction, and aerospace.
To meet the escalating market demands, insulation producers are increasing their infrastructure and production capacity. Additionally, the large number of businesses that manufacture goods use partnerships and acquisition tactics to obtain raw resources. In this market, mergers and joint ventures play a crucial role in helping business improve their market position.
As the rising need to conserve energy, improve quality, and reduce equipment operating costs grow, the market is anticipated to grow during the forecast period. Since they offer thermal resistance, great strength, and are thinner, nanotechnology-based thermal insulation coatings are anticipated to become more common. Technological developments, new creations, and research targeted at extending the application range of the product are predicted to fuel demand for this market.
Thermal Insulating coating Market Report Highlights:
Acrylic became the largest product category in terms of volume and expand market growth because it is excellent for a variety of sectors due to qualities including lightweight, high tensile strength, clarity for transparency, and inexpensive cost compared to alternatives.
In the epoxy segment during the projection period, the growing demand for green buildings is anticipated to provide strong growth potential for this product area.
The manufacturing sector emerged as the largest application and accounted for the growth in which items that can withstand high temperatures are likely to increase, which will help the manufacturing sector grow.
The market for thermal insulation coating is anticipated to be driven by the rising need for energy-efficient solutions across all industry verticals.
Geographically, it is estimated that the Asia Pacific is expected to dominate the market of thermal insulation coating. This can be due to the rising investments made in coating research & development by the major market competitors. Additionally, it is anticipated that the region's simple access to raw resources will present profitable chances for the market's expansion.
Polaris Market Research has segmented the thermal insulating coating market report based on Type, Use, and Region:
Thermal Insulating coating system, Type Outlook (Revenue - USD Billion, 2019-2032)
- Acrylic
- Yttria Stabilized Zirconia (YSZ)
- Polyurethane
- Epoxy
Thermal Insulating coating system, End-Use Outlook (Revenue - USD Billion, 2019-2032)
- Manufacturing
- Automotive and Transportation
- Aerospace and Defense
- Building and Construction
- Others
Thermal Insulating coating system, Regional Outlook (Revenue - USD Billion, 2019-2032)
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- North America
- U.S.
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Latin America
- Brazil
- Middle East & Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Thermal Insulation Coating Market Insights
- 4.1. Thermal Insulation Coating Market - Industry Snapshot
- 4.2. Thermal Insulation Coating Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growing automotive industry
- 4.2.1.2. Rising demand from the industrial & manufacturing market
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High cost of developing modern thermal insulation coatings
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Thermal Insulation Coating Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Thermal Insulation Coating Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Thermal Insulation Coating, by Type, 2019-2032 (USD Billion)
- 5.3. Acrylic
- 5.3.1. Global Thermal Insulation Coating Market, by Acrylic, by Region, 2019-2032 (USD Billion)
- 5.4. Yttria Stabilized Zirconia (YSZ)
- 5.4.1. Global Thermal Insulation Coating Market, by Yttria Stabilized Zirconia (YSZ), by Region, 2019-2032 (USD Billion)
- 5.5. Polyurethane
- 5.5.1. Global Thermal Insulation Coating Market, by Polyurethane, by Region, 2019-2032 (USD Billion)
- 5.6. Epoxy
- 5.6.1. Global Thermal Insulation Coating Market, by Epoxy, by Region, 2019-2032 (USD Billion)
6. Global Thermal Insulation Coating Market, by End-Use
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- 6.3. Manufacturing
- 6.3.1. Global Thermal Insulation Coating Market, by Manufacturing, by Region, 2019-2032 (USD Billion)
- 6.4. Automotive and Transportation
- 6.4.1. Global Thermal Insulation Coating Market, by Automotive and Transportation, by Region, 2019-2032 (USD Billion)
- 6.5. Aerospace and Defense
- 6.5.1. Global Thermal Insulation Coating Market, by Aerospace and Defense, by Region, 2019-2032 (USD Billion)
- 6.6. Building and Construction
- 6.6.1. Global Thermal Insulation Coating Market, by Building and Construction, by Region, 2019-2032 (USD Billion)
- 6.7. Others
- 6.7.1. Global Thermal Insulation Coating Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Thermal Insulation Coating Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Thermal Insulation Coating Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.3. Thermal Insulation Coating Market - North America
- 7.3.1. North America: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- 7.3.2. North America: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- 7.3.3. Thermal Insulation Coating Market - U.S.
- 7.3.3.1. U.S.: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- 7.3.3.2. U.S.: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- 7.3.4. Thermal Insulation Coating Market - Canada
- 7.3.4.1. Canada: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- 7.3.4.2. Canada: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- 7.4. Thermal Insulation Coating Market - Europe
- 7.4.1. Europe: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.2. Europe: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- 7.4.3. Thermal Insulation Coating Market - UK
- 7.4.3.1. UK: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.3.2. UK: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- 7.4.4. Thermal Insulation Coating Market - France
- 7.4.4.1. France: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.4.2. France: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- 7.4.5. Thermal Insulation Coating Market - Germany
- 7.4.5.1. Germany: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.5.2. Germany: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- 7.4.6. Thermal Insulation Coating Market - Italy
- 7.4.6.1. Italy: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.6.2. Italy: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- 7.4.7. Thermal Insulation Coating Market - Spain
- 7.4.7.1. Spain: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.7.2. Spain: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- 7.4.8. Thermal Insulation Coating Market - Netherlands
- 7.4.8.1. Netherlands: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.8.2. Netherlands: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- 7.4.9. Thermal Insulation Coating Market - Russia
- 7.4.9.1. Russia: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.9.2. Russia: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- 7.5. Thermal Insulation Coating Market - Asia Pacific
- 7.5.1. Asia Pacific: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- 7.5.3. Thermal Insulation Coating Market - China
- 7.5.3.1. China: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- 7.5.3.2. China: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- 7.5.4. Thermal Insulation Coating Market - India
- 7.5.4.1. India: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- 7.5.4.2. India: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- 7.5.5. Thermal Insulation Coating Market - Malaysia
- 7.5.5.1. Malaysia: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- 7.5.5.2. Malaysia: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- 7.5.6. Thermal Insulation Coating Market - Japan
- 7.5.6.1. Japan: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- 7.5.6.2. Japan: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- 7.5.7. Thermal Insulation Coating Market - Indonesia
- 7.5.7.1. Indonesia: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- 7.5.7.2. Indonesia: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- 7.5.8. Thermal Insulation Coating Market - South Korea
- 7.5.8.1. South Korea: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- 7.5.8.2. South Korea: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- 7.6. Thermal Insulation Coating Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- 7.6.3. Thermal Insulation Coating Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- 7.6.3.2. Saudi Arabia: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- 7.6.4. Thermal Insulation Coating Market - UAE
- 7.6.4.1. UAE: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- 7.6.4.2. UAE: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- 7.6.5. Thermal Insulation Coating Market - Israel
- 7.6.5.1. Israel: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- 7.6.5.2. Israel: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- 7.6.6. Thermal Insulation Coating Market - South Africa
- 7.6.6.1. South Africa: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- 7.6.6.2. South Africa: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- 7.7. Thermal Insulation Coating Market - Latin America
- 7.7.1. Latin America: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- 7.7.3. Thermal Insulation Coating Market - Mexico
- 7.7.3.1. Mexico: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- 7.7.3.2. Mexico: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- 7.7.4. Thermal Insulation Coating Market - Brazil
- 7.7.4.1. Brazil: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- 7.7.4.2. Brazil: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- 7.7.5. Thermal Insulation Coating Market - Argentina
- 7.7.5.1. Argentina: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- 7.7.5.2. Argentina: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Kansai Paint Co., Ltd
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. The DOW Chemical Company
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Grand Polycoats Company Pvt. Ltd
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Evonik Industries AG
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Mascoat
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Nippon Paints
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Sharpshell Industrial Solution
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Sherwin-Williams Company
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
List of Tables
- Table 1 Global Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- Table 2 Global Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- Table 3 Thermal Insulation Coating Market Assessment, By Geography, 2019-2032 (USD Billion)
- Table 4 North America: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- Table 5 North America: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- Table 6 U.S.: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- Table 7 U.S.: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- Table 8 Canada: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- Table 9 Canada: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- Table 10 Europe: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- Table 11 Europe: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- Table 12 UK: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- Table 13 UK: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- Table 14 France: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- Table 15 France: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- Table 16 Germany: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- Table 17 Germany: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- Table 18 Italy: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- Table 19 Italy: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- Table 20 Spain: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- Table 21 Spain: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- Table 22 Netherlands: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- Table 23 Netherlands: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- Table 24 Russia: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- Table 25 Russia: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- Table 26 Asia Pacific: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- Table 27 Asia Pacific: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- Table 28 China: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- Table 29 China: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- Table 30 India: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- Table 31 India: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- Table 32 Malaysia: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- Table 33 Malaysia: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- Table 34 Japan: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- Table 35 Japan: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- Table 36 Indonesia: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- Table 37 Indonesia: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- Table 38 South Korea: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- Table 39 South Korea: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- Table 40 Middle East & Africa: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- Table 41 Middle East & Africa: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- Table 42 Saudi Arabia: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- Table 43 Saudi Arabia: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- Table 44 UAE: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- Table 45 UAE: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- Table 46 Israel: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- Table 47 Israel: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- Table 48 South Africa: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- Table 49 South Africa: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- Table 50 Latin America: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- Table 51 Latin America: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- Table 52 Mexico: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- Table 53 Mexico: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- Table 54 Brazil: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- Table 55 Brazil: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
- Table 56 Argentina: Thermal Insulation Coating Market, by End-Use, 2019-2032 (USD Billion)
- Table 57 Argentina: Thermal Insulation Coating Market, by Type, 2019-2032 (USD Billion)
List of Figures
Figure 1 Global Thermal Insulation Coating Market, 2019-2032 (USD Billion)
Figure 2 Integrated Ecosystem
Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
Figure 4 Market by Geography
Figure 5 Porter's Five Forces
Figure 6 Market by End-Use
Figure 7 Global Thermal Insulation Coating Market, by End-Use, 2022 & 2032 (USD Billion)
Figure 8 Market by Type
Figure 9 Global Thermal Insulation Coating Market, by Type, 2022 & 2032 (USD Billion)
Figure 10 Thermal Insulation Coating Market Assessment, By Geography, 2019-2032 (USD Billion)
Figure 11 Strategic Analysis - Thermal Insulation Coating Market
