Product Code: 12919
Key Highlights
The insulation coatings market generated a value of USD 10,255.9 million in 2023, and it will increase to USD 15,922.5 million, powering at a 6.6% compound annual growth rate, by 2030.
This is because of the increasing utilization of these materials in many sectors, including manufacturing, marine, and aerospace; the growing automotive industry, surging use of environment-friendly products, and rising construction & infrastructure expansion.
The continuous R&D in nanotechnology-based insulation coatings will substantially assist the industry expansion. This can be because they offer less thickness, coupled with robust strength and thermal resistance.
The market is observing a growing inclination for environment-friendly, sustainable, and non-toxic products. This is because such coatings provide extra benefits compared to conventional ones.
The constant development in infrastructure is likely to boost sales growth.
The construction sector is strongly concentrating on power savings and total sustainability, which is leading to the high-volume use of insulation coatings.
This is because such products enhance the complete performance of buildings by reducing heating and cooling expenses, thus also enhancing comfort.
Such products deliver efficient thermal insulation by limiting energy consumption, therefore decreasing emissions.
Insulation coatings assist in sustainable construction by reducing waste, saving energy, and enhancing the building's life, thus developing a greener atmosphere.
Key Insights
APAC will advance at the fastest compound annual growth rate, of 8%, in the years to come. This can be attributed to the increasing level of industrialization in this region.
Several businesses are making manufacturing facilities in this region due to the labor at low costs and easy accessibility of raw materials.
APAC is observing fast development in construction because of the increasing populace in emerging economies.
In line, speedy urbanization and industrialization have pushed governments to increase funding for infrastructure.
North America was the second-largest contributor to the industry in 2023, with a 30% share, and it will continue this trend during this decade.
This is because of the existence of major players, growing electrification of vehicles, flourishing architectural business, and increasing improvements in technologies, in this continent.
The acrylic category was the largest contributor to the industry in 2023, with a 40% share, and it will remain the largest throughout this decade.
This can be ascribed to the benefits provided by this material, such as high tensile strength, low weight, transparence, and low price.
The epoxy category was a significant contributor in 2023, with a 20% share. This is because of the epoxy's resistance to excess heat, abrasion, and UV radiations, along with improved dimensional stability and strength, making it suitable for building and construction applications.
The automotive category will propel at the fastest rate, of 7%, in the years to come.
This is attributed to the increasing application of insulation coatings in the automotive industry by both aftermarket businesses and OEMs.
Improvements in automotive technology, together with the improving disposable personal income and living standard, will further aid this category expansion.
The aerospace & defense category was a significant contributor to the industry in 2023, with a 20% share, as insulation coatings have various applications in this sector.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by product
- 1.4.2. Market size breakdown, by end use
- 1.4.3. Market size breakdown, by region
- 1.4.4. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Voice of Industry Experts/KOLs
Chapter 5. Market Indicators
Chapter 6. Industry Outlook
- 6.1. Market Dynamics
- 6.1.1. Trends
- 6.1.2. Drivers
- 6.1.3. Restraints/challenges
- 6.1.4. Impact analysis of drivers/restraints
- 6.2. Impact of COVID-19
- 6.3. Porter's Five Forces Analysis
- 6.3.1. Bargaining power of buyers
- 6.3.2. Bargaining power of suppliers
- 6.3.3. Threat of new entrants
- 6.3.4. Intensity of rivalry
- 6.3.5. Threat of substitutes
- 6.4. Value Chain Analysis
- 6.5. Technology Analysis
- 6.6. Regulatory Framework
Chapter 7. Competitive Landscape
- 7.1. List of Market Players and their Offerings
- 7.2. Competitive Benchmarking of Key Players
- 7.3. Product Benchmarking of Key Players
- 7.4. Recent Strategic Developments
- 7.5. Investment by Players
Chapter 8. Global Market
- 8.1. Overview
- 8.2. Market Revenue, by Product (2017-2030)
- 8.3. Market Revenue, by End Use (2017-2030)
- 8.4. Market Revenue, by Region (2017-2030)
Chapter 9. North America Market
- 9.1. Overview
- 9.2. Market Revenue, by Product (2017-2030)
- 9.3. Market Revenue, by End Use (2017-2030)
- 9.4. Market Revenue, by Country (2017-2030)
Chapter 10. Europe Market
- 10.1. Overview
- 10.2. Market Revenue, by Product (2017-2030)
- 10.3. Market Revenue, by End Use (2017-2030)
- 10.4. Market Revenue, by Country (2017-2030)
Chapter 11. APAC Market
- 11.1. Overview
- 11.2. Market Revenue, by Product (2017-2030)
- 11.3. Market Revenue, by End Use (2017-2030)
- 11.4. Market Revenue, by Country (2017-2030)
Chapter 12. LATAM Market
- 12.1. Overview
- 12.2. Market Revenue, by Product (2017-2030)
- 12.3. Market Revenue, by End Use (2017-2030)
- 12.4. Market Revenue, by Country (2017-2030)
Chapter 13. MEA Market
- 13.1. Overview
- 13.2. Market Revenue, by Product (2017-2030)
- 13.3. Market Revenue, by End Use (2017-2030)
- 13.4. Market Revenue, by Country (2017-2030)
Chapter 14. U.S. Market
- 14.1. Overview
- 14.2. Market Revenue, by Product (2017-2030)
- 14.3. Market Revenue, by End Use (2017-2030)
Chapter 15. Canada Market
- 15.1. Overview
- 15.2. Market Revenue, by Product (2017-2030)
- 15.3. Market Revenue, by End Use (2017-2030)
Chapter 16. Germany Market
- 16.1. Overview
- 16.2. Market Revenue, by Product (2017-2030)
- 16.3. Market Revenue, by End Use (2017-2030)
Chapter 17. France Market
- 17.1. Overview
- 17.2. Market Revenue, by Product (2017-2030)
- 17.3. Market Revenue, by End Use (2017-2030)
Chapter 18. U.K. Market
- 18.1. Overview
- 18.2. Market Revenue, by Product (2017-2030)
- 18.3. Market Revenue, by End Use (2017-2030)
Chapter 19. Italy Market
- 19.1. Overview
- 19.2. Market Revenue, by Product (2017-2030)
- 19.3. Market Revenue, by End Use (2017-2030)
Chapter 20. Spain Market
- 20.1. Overview
- 20.2. Market Revenue, by Product (2017-2030)
- 20.3. Market Revenue, by End Use (2017-2030)
Chapter 21. China Market
- 21.1. Overview
- 21.2. Market Revenue, by Product (2017-2030)
- 21.3. Market Revenue, by End Use (2017-2030)
Chapter 22. Japan Market
- 22.1. Overview
- 22.2. Market Revenue, by Product (2017-2030)
- 22.3. Market Revenue, by End Use (2017-2030)
Chapter 23. India Market
- 23.1. Overview
- 23.2. Market Revenue, by Product (2017-2030)
- 23.3. Market Revenue, by End Use (2017-2030)
Chapter 24. South Korea Market
- 24.1. Overview
- 24.2. Market Revenue, by Product (2017-2030)
- 24.3. Market Revenue, by End Use (2017-2030)
Chapter 25. Australia Market
- 25.1. Overview
- 25.2. Market Revenue, by Product (2017-2030)
- 25.3. Market Revenue, by End Use (2017-2030)
Chapter 26. Brazil Market
- 26.1. Overview
- 26.2. Market Revenue, by Product (2017-2030)
- 26.3. Market Revenue, by End Use (2017-2030)
Chapter 27. Mexico Market
- 27.1. Overview
- 27.2. Market Revenue, by Product (2017-2030)
- 27.3. Market Revenue, by End Use (2017-2030)
Chapter 28. Saudi Arabia Market
- 28.1. Overview
- 28.2. Market Revenue, by Product (2017-2030)
- 28.3. Market Revenue, by End Use (2017-2030)
Chapter 29. South Africa Market
- 29.1. Overview
- 29.2. Market Revenue, by Product (2017-2030)
- 29.3. Market Revenue, by End Use (2017-2030)
Chapter 30. U.A.E. Market
- 30.1. Overview
- 30.2. Market Revenue, by Product (2017-2030)
- 30.3. Market Revenue, by End Use (2017-2030)
Chapter 31. Company Profiles
- 31.1. Akzo Nobel N.V.
- 31.1.1. Business overview
- 31.1.2. Product and service offerings
- 31.1.3. Key financial summary
- 31.2. PPG Industries Inc.
- 31.2.1. Business overview
- 31.2.2. Product and service offerings
- 31.2.3. Key financial summary
- 31.3. The Sherwin-Williams Company
- 31.3.1. Business overview
- 31.3.2. Product and service offerings
- 31.3.3. Key financial summary
- 31.4. Kansai Paint Co. Ltd.
- 31.4.1. Business overview
- 31.4.2. Product and service offerings
- 31.4.3. Key financial summary
- 31.5. Jotun A/S
- 31.5.1. Business overview
- 31.5.2. Product and service offerings
- 31.5.3. Key financial summary
- 31.6. Nippon Paint Holdings Co. Ltd.
- 31.6.1. Business overview
- 31.6.2. Product and service offerings
- 31.6.3. Key financial summary
- 31.7. Hunan Fengri Power Electric Co. Ltd.
- 31.7.1. Business overview
- 31.7.2. Product and service offerings
- 31.7.3. Key financial summary
- 31.8. Hempel A/S
- 31.8.1. Business overview
- 31.8.2. Product and service offerings
- 31.8.3. Key financial summary
- 31.9. Seal for Life Group
- 31.9.1. Business overview
- 31.9.2. Product and service offerings
- 31.9.3. Key financial summary
- 31.10. Holcim Ltd.
- 31.10.1. Business overview
- 31.10.2. Product and service offerings
- 31.10.3. Key financial summary
Chapter 32. Appendix
- 32.1. Abbreviations
- 32.2. Sources and References
- 32.3. Related Reports