- Acrylic
- Epoxy
- Polyurethane
- YSZ
- Mullite
Thermal Insulation Coating Industry Market size was valued at 8.6 billion in 2022 and is expected to reach 13.9 billion by 2029, at a CAGR of 7.1% from 2023 to 2029. Thermal insulation coatings are the top choice for an extensive variation of thermal insulating paint applications over equipment such as heat exchanges, tanks, processing vessels, ovens, pipes, pipelines and more. Factors that upsurges the growth of market includes several properties such as energy saving, quick-curing for fast energy reduction results, energy efficiency for equipment and buildings, reduce production costs per unit by lowering energy requirements. Moreover, it is preferably used in automotive, marine, aerospace, building & construction, industrial. The report studies global thermal insulation coating industry market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global Thermal insulation coating industry market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated competition dashboard to assess the market competition. Moreover, PBI analyzed to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). In the market for thermal insulation coatings, oxidised ceramics are frequently employed. Chemical stability, thermal stability, high melting point, and high hardness are some of the features of oxide ceramic materials. OXIDE CERAMIC MATERIALS ARE PERFECT FOR THE COATING INDUSTRY DUE TO THESE PRO Corrosion resistance, heat resistance, oxidation at high temperatures, high humidity tolerance, and wear resistance can all be improved using them. Some of the most popular oxide ceramics include aluminium oxide, chromium oxide, and zirconium dioxide, among others. These oxides are utilised in a variety of applications, including textile machine components, hydraulic parts, and shaft protection sleeves, among others, due to their appealing qualities such as superior corrosion resistance and strong abrasion resistance.
Global Thermal Insulation Coating Industry Market Summary
Study Period
2023-29
Base Year
2022
CAGR
7.1%
Largest Market
Europe
Fastest Growing Market
Asia-Pacific
Thermal Insulation Coating Industry Market Dynamics
Thermal insulation coating industry finds a wide range of application in architectural, automotive, coil, conductive, inkjet media, marine, powder, others. Marine is the largest sector for thermal insulation coatings. The growth in this segment can be attributed to the need for metal protection which is beneficial to safeguard valuable assets used in oil and gas, shipping and coastal industrial applications. Automotive segment is witnessed to propel the market growth in the near future Thermal insulation coatings deliver high color carbon black for deep mass tone jetness and dependable tinting performance in automotive basecoat applications.
Asia-Pacific got Significant Share
Thermal Insulation Coating Industry Market Regional Analysis
Asia Pacific is estimated to be the top player in the global market owing to the increase in demand from emerging economies such as China, India, Japan, South Korea, and Australia. Moreover, rapid industrialization and urbanization is expected to be the top notch for the regional market growth. Europe is anticipated to register a considerable CAGR during the forecast period. Technological advancement and ongoing R&D activities in countries like Germany is expected to upsurge the market growth in Europe.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Global Thermal Insulation Coating Industry Market Segmentation
By Type
By Application
- Aerospace
- Automotive
- Marine
- Industrial
- Building & Construction
- Architectural
- Inkjet media
- Powder
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Frequently Asked Questions
The thermal insulation coating industry market size was valued at USD 8.6 million in 2022
The thermal insulation coating industry market key players are: Akzo Nobel The Sherwin-Williams Company Cabot Carboline Grand Polycoats KANSAI PAINT The Bayou Companies Mascoat Nippon Paint Sharpshell Industrial Solutions Superior Products International Synavax Tenaris Jotun
The thermal insulation coating industry market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2. Global Thermal Insulation Coating Industry Market Introduction |
| 2.1.Global Thermal Insulation Coating Industry Market - Taxonomy |
| 2.2.Global Thermal Insulation Coating Industry Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Application |
| 2.2.3.Geography |
| 2.2.4.Region |
| 3. Global Thermal Insulation Coating Industry Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Thermal Insulation Coating Industry Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Thermal Insulation Coating Industry Market By Type , 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. Acrylic |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Epoxy |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Polyurethane |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. YSZ |
| 5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Mullite |
| 5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6. Global Thermal Insulation Coating Industry Market By Application, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. Aerospace |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Automotive |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Marine |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Industrial |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Building & Construction |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Architectural |
| 6.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Inkjet media |
| 6.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Powder |
| 6.8.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 6.9. Others |
| 6.9.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.9.3. Market Opportunity Analysis |
| 7. Global Thermal Insulation Coating Industry Market By Geography, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. Global Thermal Insulation Coating Industry Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. North America Thermal Insulation Coating Industry Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 9.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Acrylic |
| 9.1.2.Epoxy |
| 9.1.3.Polyurethane |
| 9.1.4.YSZ |
| 9.1.5.Mullite |
| 9.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Aerospace |
| 9.2.2.Automotive |
| 9.2.3.Marine |
| 9.2.4.Industrial |
| 9.2.5.Building & Construction |
| 9.2.6.Architectural |
| 9.2.7.Inkjet media |
| 9.2.8.Powder |
| 9.2.9.Others |
| 9.3. Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.North America |
| 9.3.2.Europe |
| 9.3.3.Asia-Pacific |
| 9.3.4.Latin America |
| 9.3.5.Middle East and Africa |
| 9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10. Europe Thermal Insulation Coating Industry Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Acrylic |
| 10.1.2.Epoxy |
| 10.1.3.Polyurethane |
| 10.1.4.YSZ |
| 10.1.5.Mullite |
| 10.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Aerospace |
| 10.2.2.Automotive |
| 10.2.3.Marine |
| 10.2.4.Industrial |
| 10.2.5.Building & Construction |
| 10.2.6.Architectural |
| 10.2.7.Inkjet media |
| 10.2.8.Powder |
| 10.2.9.Others |
| 10.3. Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.North America |
| 10.3.2.Europe |
| 10.3.3.Asia-Pacific |
| 10.3.4.Latin America |
| 10.3.5.Middle East and Africa |
| 10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11. Asia Pacific (APAC) Thermal Insulation Coating Industry Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Acrylic |
| 11.1.2.Epoxy |
| 11.1.3.Polyurethane |
| 11.1.4.YSZ |
| 11.1.5.Mullite |
| 11.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Aerospace |
| 11.2.2.Automotive |
| 11.2.3.Marine |
| 11.2.4.Industrial |
| 11.2.5.Building & Construction |
| 11.2.6.Architectural |
| 11.2.7.Inkjet media |
| 11.2.8.Powder |
| 11.2.9.Others |
| 11.3. Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.North America |
| 11.3.2.Europe |
| 11.3.3.Asia-Pacific |
| 11.3.4.Latin America |
| 11.3.5.Middle East and Africa |
| 11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12. Middle East and Africa (MEA) Thermal Insulation Coating Industry Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Acrylic |
| 12.1.2.Epoxy |
| 12.1.3.Polyurethane |
| 12.1.4.YSZ |
| 12.1.5.Mullite |
| 12.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Aerospace |
| 12.2.2.Automotive |
| 12.2.3.Marine |
| 12.2.4.Industrial |
| 12.2.5.Building & Construction |
| 12.2.6.Architectural |
| 12.2.7.Inkjet media |
| 12.2.8.Powder |
| 12.2.9.Others |
| 12.3. Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.North America |
| 12.3.2.Europe |
| 12.3.3.Asia-Pacific |
| 12.3.4.Latin America |
| 12.3.5.Middle East and Africa |
| 12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13. Latin America Thermal Insulation Coating Industry Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Acrylic |
| 13.1.2.Epoxy |
| 13.1.3.Polyurethane |
| 13.1.4.YSZ |
| 13.1.5.Mullite |
| 13.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Aerospace |
| 13.2.2.Automotive |
| 13.2.3.Marine |
| 13.2.4.Industrial |
| 13.2.5.Building & Construction |
| 13.2.6.Architectural |
| 13.2.7.Inkjet media |
| 13.2.8.Powder |
| 13.2.9.Others |
| 13.3. Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.North America |
| 13.3.2.Europe |
| 13.3.3.Asia-Pacific |
| 13.3.4.Latin America |
| 13.3.5.Middle East and Africa |
| 13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Akzo Nobel |
| 14.2.2.The Sherwin-Williams Company |
| 14.2.3.Cabot |
| 14.2.4.Carboline |
| 14.2.5.Grand Polycoats |
| 14.2.6.KANSAI PAINT |
| 14.2.7.The Bayou Companies |
| 14.2.8.Mascoat |
| 14.2.9.Nippon Paint |
| 14.2.10.Sharpshell Industrial Solutions |
| 14.2.11.Superior Products International |
| 14.2.12.Synavax |
| 14.2.13.Tenaris |
| 14.2.14.Jotun |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
- Akzo Nobel
- The Sherwin-Williams Company
- Cabot
- Carboline
- Grand Polycoats
- KANSAI PAINT
- The Bayou Companies
- Mascoat
- Nippon Paint
- Sharpshell Industrial Solutions
- Superior Products International
- Synavax
- Tenaris
- Jotun