As per our analysis, some of the prominent market factors and trends identified in the Global Thermal Insulation Coating Market include rapid urbanization, rising demand for aircraft carriers, and increasing expenditure on research activities. Moreover, demand for Thermal Insulation Coating is predicted to witness a significant growth over the assessment period due to rapidly developing construction industry. Rising construction activities across the globe is anticipated to be an important driver for Thermal Insulation Coating Market during the review period.
Thermal Insulation Coating are coatings applied like a paint to a substrate. These coatings are classified into acrylic, epoxy, polyurethane, and yttria stabilized zirconia (YSZ). These coatings possess characteristics exhibit low heat transfer, chemical resistance, inertness when exposed to outdoor conditions and energy saving in industrial applications. Their major role is to increase the life span or durability of a material or any other substrate. They have applications in end use industries such as aviation, automotive, oil & gas, and construction industries.
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Geographically, Thermal Insulation Coating Market is segmented across Five Regions in the world namely: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, the North America has emerged as the leading market region for Thermal Insulation Coating followed by Asia Pacific and the Middle East & Africa. North American thermal insulation coating market is predicted to witness a tremendous growth on account of high consumption potential, increasing production capacities, and rising economic growth rate. In North American region, the U.S. is predicted to be the major contributor in the regional growth of Thermal Insulation Coating Market and is expected to see a significant demand for Thermal Insulation Coating during the forecast period, 2017 to 2023.
The Global Thermal Insulation Coating Market is categorized on the basis of type, end use industry, and region. On the basis of type, the market is bifurcated into acrylic, epoxy, polyurethane, yttria stabilized zirconia and others. Based on end use, this product finds its application in aviation, transportation, construction, and other industrial purposes. On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Top Global Players:
Some of the prominent players operating in the Global Thermal Insulation Coating Market are PPG Industries, Inc. (U.S.), The Sherwin-Williams Company (U.S.), The Dow Chemical Company (U.S.), Akzo Nobel N.V. (the Netherlands), Kansai Paint Co., Ltd. (Japan), Jotun (Norway), Nippon Paint Holdings Co., Ltd. (Japan), Carboline Company (U.S.), Sharpshell Industrial Solutions (South Africa), and Mascoat (U.S.), among others.
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