Insulation Coating Materials Market: In-depth Analysis, Demand Statistics & Competitive Outlook 2020-25

Global Insulation Coating Materials Market is segmented by Product Type (Acrylic, Epoxy, Polyurethane, YSZ, and Mullite), by End-Use Industry Type (Aerospace, Automotive, Marine, Industrial, Building & Construction, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), as highlighted in a new report published by Stratview Research. The report also covers the COVID-19 Impact Analysis and Forecast up to 2025.

Market Insights

According to this report, the Insulation Coating Materials Market is likely to witness an excellent CAGR of 7.2% during the forecast period.

The methodology involves collecting and analyzing crucial data regarding products, and services offered in the market. This report assists the users to gain a better understanding of market developments and aids in business growth. This report is the result of a thorough analysis of the customer spending habits, business target market, challenges, and competitors in the market.

Key players

Key players operating in the Insulation Coating Materials Market are-

  • AkzoNobel
  • PPG Industries
  • Kansai Paint Co., Ltd
  • Sherwin Williams Company
  • Jotun Group
  • Nippon Paint
  • The Dow chemical company
  • Cabot Corporation
  • Nippon Pain Holdings company
  • Axalta Coating System

Market Drivers

Increasing awareness of consumers about energy conservation and the government’s eco-friendly policies are the major factors contributing to the growth of the market for insulation coating materials during the forecast period.

Segment Analysis

Based on the product type, the market is segmented as acrylic, epoxy, polyurethane, YSZ, and mullite. The acrylic segment held the largest share of the market in 2019 and is expected to remain dominant during the forecast period. Acrylic coatings are applied with user-friendly spray equipment and are suitable for applications up to a temperature of 150ºC. Growth in industrialization and expanding manufacturing sector will fuel the demand for acrylic coatings for insulation.

Based on the end-use industry type, the market is segmented as aerospace, automotive, marine, building & construction, industrial, and others. The marine end-use industry segment is likely to have the highest growth during the forecast period, as it provides corrosion resistance in a highly corrosion-prone marine environment.

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for insulation coating materials during the forecast period, with India, China, and Australia being the major countries with lucrative growth opportunities, owing to growing industrialization in these emerging economies. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

The report will help you find answers to these questions –

What are the key trends in the Insulation Coating Materials Market?

How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?

What is the impact of COVID-19 on the Insulation Coating Materials Market?

What are the key strategies adopted by the major vendors to lead in the global Insulation Coating Materials Market?

What is the market share of the top vendors?

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Stratview Research is one of the leading global Market Research firms helping clients’ track the ever-evolving market scenarios through our customized and syndicated reports. Our reports include both the quantitative and qualitative market data, gathered with the help of our across-the-board and reliable secondary sources and our in-depth interviews with the key players within the market. Our market valuations keep our clients informed about major market trends, opportunities, and challenges that may help or hamper their growth prospects in the industry.