Insulation coating materials are the materials/objects that are utilized in the insulation coating of various structures and surfaces. They are applied on various substrates to maintain the temperature of the contents of the structure at a constant and at the temperature they are stored in. Insulation coating materials market size is valued at USD 18.29 billion by 2028 and is expected to grow at a compound annual growth rate of 8.23% for the forecast period of 2021 to 2028. Data Bridge Market Research report on insulation coating materials market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth. Insulation coating materials are the type of materials which is used to block the heat radiation by using a wide spectrum thermally reflective coating. It broadly finds its application in prevention of the material from the corrosion thermal exhaustion, coating the engineering materials and warping.
The rising environmental concern has raised the demand for the energy-efficient coating on the manufacturing equipment, building and others has highly influenced growth of the insulation coating materials market. In line with this, the energy savings, prevention of corrosion under insulation (CUI) and strict regulatory policies are also acting as a key determinant favoring the growth of the insulation coating materials market over the forecast period of 2021 to 2028. Also the, high growth and modernization in paints and coating industry, along with industry consolidations are also positively impacting the growth of the insulation coating materials market. The major factor accountable for the growth of the market is rapid increase in demand for enhanced and new products in the industrial sector. Beside this, the governments of various countries have endorsed strict regulations on the release of VOCs in the atmosphere is also flourishing the growth of the insulation coating materials market. However, the low thermal efficiency as well as comparatively higher price of coating formulations may act as key restraint towards insulation coating materials market growth rate in the forecast period of 2021 to 2028, whereas the high competition with traditional insulation materials and varying product specifications in high heat applications have the potential to challenge the growth of the insulation coating materials market in the above mentioned forecast period.
Global Insulation Coating Materials Market, By Type (Acrylic, Epoxy, Polyurethane, YSZ (Yttria-Stabilized Zirconia), Mullite, Others), End Use Industry (Aerospace, Automotive, Marine, Industrial, Building and Construction, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028This insulation coating materials market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on insulation coating materials market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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FACTORS DRIVING GROWTH IN INSULATION COATING MATERIALS MARKET:
Growth of oil refineries and associated industries:
According to Enerdata, the global crude oil production from the oil refineries is on the rise as the global production of crude oil in 2015 was 4,330 metric tonnes, this number grew to 4,358 metric tonnes in 2016, and again this number grew to 4,364 metric tonnes by 2017. This growing production of crude oil from the oil refineries is an evidence of the growing development in the oil refineries, where the market for insulation coating materials is expected to be positively affected by this factor due to the benefits associated in the processes and operations of the oil refineries with its usage.
Global Insulation Coating Materials Market Scope and Market Size:
Insulation coating materials market is segmented on the basis of type and end use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
On the basis of type, the insulation coating materials market is segmented into acrylic, epoxy, polyurethane, YSZ (yttria-stabilized zirconia), mullite and others. Others have further been segmented into vinyl acetate, ceramic, alkyd, polyolefin and silicone.
The end use industry segment for insulation coating materials market is segmented into aerospace, automotive, marine, industrial, building and construction and others. Others have further been segmented into food processing and others.
Key Market Players: Global Insulation Coating Materials Market:
Akzo Nobel N.V., Axalta Coatings Systems, Cabot Corporation, Carboline Company, Coolshield International Pty., Ltd, Dow, General Coatings, Jotun, Kansai Paint Co., Ltd., Lincoln Industries, Mascoat, Mathur Corr Tech Private Limited, Kumtekco, Superior Products International II, Inc., DuPont, Nippon Paint Holdings Co., Ltd., Bayou Companies, NPP Termalkom, LLC, PPG Industries, Inc. and Sharpshell Engineering among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Key Report Highlights:
Comprehensive pricing analysis based on different product types and regional segments
Market size data in terms of revenue and sales volume
Deep insights about regulatory and investment scenarios of the Global Insulation Coating Materials Market
Analysis of market effect factors and their impact on the forecast and outlook of the Heat Transfer Fluids Market
The detailed assessment of the vendor landscape and leading companies to help understand the level of
competition in the Global Insulation Coating Materials Market
A roadmap of growth opportunities available in the Global Insulation Coating Materials Market with the identification of key factors
The exhaustive analysis of various trends of the Global Insulation Coating Materials Market
to help identify market developments
Key Questions Answered in Report:
What is the key to the Global Insulation Coating Materials Market?
What will the Global Insulation Coating Materials Market Demand and what will be Growth?
What are the latest opportunities for Global Insulation Coating Materials Market in the future?
What are the strengths of the key players?
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