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Insulation Coating Market worth 8.29 Billion USD by 2021
The report "Insulation Coating Market by Type (Acrylics, Epoxy, Polyurethane, YSZ, Mullite, and Others), by End-Use Industry (Aerospace, Automotive & Transportation, Industrial, Marine, Buildings & Construction and Others), by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) - Global Trends & Forecasts to 2021", The global insulation coatings market size is estimated to reach USD 8.29 Billion by 2021, at a CAGR of 7.9%.
Browse 165 market data tables with 62 figures spread through 186 pages and in-depth TOC on "Insulation Coating Market by Type (Acrylics, Epoxy, Polyurethane, YSZ, Mullite, and Others), by End-Use Industry (Aerospace, Automotive & Transportation, Industrial, Marine, Buildings & Construction and Others), by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) - Global Trends & Forecasts to 2021"
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The market is driven by increasing demand for insulation coating in emerging markets and high demand from aerospace & defense, automotive & transportation, industrial, and marine industries. Asia-Pacific is projected to witness s strong growth in the forecast period. Growth in this region can be attributed to high demand from emerging markets such as China and India.
Yttria-Stabilized Zirconia (YSZ): The Largest Market of insulation Coating
Yttria-stabilized zirconia (YSZ) is estimated to be the largest market of insulation coatings in terms of value. YSZ based thermal insulation coatings are suitable for high-temperature and corrosion environments. These coatings are useful in gas turbine engines, diesel engines, and power generation systems and account. The thermal properties of these insulation coatings such as low thermal conductivity and thermal shock resistance and high thermal co-efficient are the key factors for the growth.
Marine Industry: The Fastest-growing End-use Industry for Insulation Coatings
The marine industry is the fastest-growing market in terms of value for insulation coatings. The growing marine industry and considerable rise in the use of insulation coatings due to increasing need for protection of PCBs that function in harsh chemical environments are the key factors, driving the market in this segment.
Asia-Pacific: The Largest Market of Insulation Coatings
The Asia-Pacific region was the world’s largest market for insulation coatings, in terms of both volume and value in 2015. China is the key consumer of insulation coatings in Asia-Pacific. Various new product developments and growing end-use industries have in turn made the region a potential growth market for insulation coatings.
The key companies profiled in the insulation coating market research report are The Dow Chemical Company (U.S.), Akzo Nobel N.V. (Netherlands), PPG Industries (U.S.), The Sherwin-Williams Company (U.S.), Kansai Paint (Japan), Jotun Group (Norway), Mascoat (U.S.), Carboline (U.S.), Nippon Paint (Japan), Sharpshell Industrial Solution (South Africa).
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