Insulation Coating Materials Market

Insulation Coating Materials Market by Type (Acrylic, Epoxy, Polyurethane, YSZ, and Mullite), End-Use Industry (Aerospace, Automotive, Marine, Industrial, Building & Construction), and Region - Global Forecast to 2023

Report Code : CH 4398
Published ON : Jan, 2019

[169 Pages Report] The market for insulation coating materials is projected to grow from USD 8.7 billion in 2018 to USD 12.5 billion by 2023, at a CAGR of 7.5% during the forecast period.  Insulation coatings prevent the transfer of heat or sound from one surface area to another. These coatings help save energy.  Insulation coatings are used in building & construction, industrial, aerospace, marine, automotive, and other industries.

Insulation Coatings Market

Marine is projected to be the fastest-growing end user of insulation coating materials during the forecast period.

The insulation coating materials market is driven by various factors such as the need for energy saving, personnel protection, and surface protection in the marine industry. The marine environment is also prone to corrosion due to high moisture content. Insulation coating materials are used to provide a thermal barrier and anti-condensation capabilities for shipboard construction. Corrosion under insulation has been a crude problem in the marine application, and insulation coating materials provide corrosion protection due to their low porosity as they form a film over the substrate. Apart from these factors, increasing shipbuilding activity in growing economies such as India, China, and South Korea is expected to drive the insulation coating materials market.

Acrylic is estimated to be the largest segment of the insulation coating materials market during the forecast period.

Acrylic coatings can be applied with user-friendly spray equipment and are suitable for temperature applications of up to 150ΊC. Furthermore, the water-based acrylic insulation coating materials can operate up to 177ΊC. The acrylic-based insulation coating materials are the ideal replacement for conventional materials and are used because of their ease of maintenance and ability to prevent CUI. These coatings are an ideal replacement for thick insulation jackets. The growing industrialization and expanding manufacturing sector are expected to fuel the demand for acrylic insulation coating materials in the region during the forecast period.

APAC is estimated to account for the largest share of the market during the forecast period.

APAC is estimated to be the largest market for overall insulation coating materials in 2018. The region has emerged as the largest consumer of insulation coating materials, owing to the growth in the demand in countries such as China, Japan, India, South Korea, and Australia. The growing industrialization in these countries is expected to drive the market for insulation coating materials in the region during the forecast period.

Insulation Coatings Market

Key Market Players

The leading players in the insulation coating materials market are AkzoNobel (Netherlands), PPG Industries (US), The Sherwin-Williams Company (US), Kansai Paint CO., LTD. (Japan), Jotun Group (Norway), Nippon Paint (Japan), and Mascoat (US).

The Sherwin-Williams Company is one of the leading manufacturers of insulation coating materials. The company operates in three business segments; The Americas group, consumer brands group, and performance coatings group. Insulation coatings are offered under the performance coatings group. The company has a presence in North America, South America, the Caribbean, Europe, APAC, and Australia. PPG Industries manufactures coatings and specialty materials through its performance coatings and industrial coatings business segments. The company manufactures insulation coatings through its performance coatings segment under the protective coatings subsegment. The insulation coating products are marketed under the brand name, HI-TEMP. AkzoNobel generates nearly 70.0% of its revenue from the North American and European markets. The demand for coatings is increasing in the growing economies of APAC. Hence, to capture a significant market share in these economies, the company is making investments to increase its revenue from the APAC market.

Recent Developments

  • In July 2018, AkzoNobel opened a new coatings facility in Kenya with warehousing for the company's marine, protective, and powder coatings. This expansion will act as a gateway for the company to the entire East Africa.
  • In June 2017, The Sherwin-Williams Company acquired Valspar Corporation (US). According to Valspar, shareholders received USD 113 per share in cash. This has helped the company strengthen its brand portfolio and expand its product range and global footprint.
  • In July 2017, PPG acquired The Crown Group, a US-based coatings application services business, from High Road Capital Partners and Charter Oak Capital Partners. This acquisition will enhance PPG’s ability to cater to its customers, including OEM.

Key questions addressed by the report

  • What are your views on the growth prospects of the insulation coating materials market? What is the current scenario and how will it change in the future?
  • What is the estimated demand for insulation coating materials? Which type is used the most in the manufacturing of the same?
  • How are regulations affecting the insulation coating materials market? What are the different regulations that need to be followed in different regions?
  • What are the upcoming technologies/product areas that will have a significant impact on the market in the future?
  • What is the average price range for the different types of resins used in making of insulation coating materials? Does the pricing differ on the basis of end-use industry?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 20)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Regions Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Unit Considered
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Opportunities in the Insulation Coating Materials Market
    4.2 APAC: Insulation Coating Materials Market, By Type and Country
    4.3 Insulation Coating Materials Market, By Type
    4.4 Insulation Coating Materials Market, By End-Use Industry
    4.5 Insulation Coating Materials Market: Major Countries

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Energy Savings
                    5.2.1.2 Prevention of Corrosion Under Insulation (CUI)
                    5.2.1.3 Stringent Regulatory Policies
           5.2.2 Restraints
                    5.2.2.1 Low thermal Efficiency
                    5.2.2.2 Relatively Higher Price of Coating Formulations
           5.2.3 Opportunities
                    5.2.3.1 Developments in Emerging Markets
           5.2.4 Challenges
                    5.2.4.1 Competition With Traditional Insulation Materials
                    5.2.4.2 Changing Product Specifications in High Heat Applications
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Bargaining Power of Suppliers
           5.3.3 Threat of Substitutes
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry

6 Insulation Coating Materials Market, By Type (Page No. - 43)
    6.1 Introduction
           6.1.1 Coatings Types Used in Personnel Protection
    6.2 Acrylic
           6.2.1 Ease of Maintenance and the Ability to Prevent Cui are Projected to Drive the Insulation Coating Materials Market
    6.3 Epoxy
           6.3.1 Increasing Usage in Electrical Applications is Driving the Insulation Coating Materials Market
    6.4 Polyurethane
           6.4.1 Increasing Usage in Industrial Segment and Building & Construction Industries to Boost the Demand for Insulation Coating Materials
    6.5 Yttria Stabilized Zirconia
           6.5.1 Increasing Demand From High-End Applications is Driving the Market
    6.6 Mullite
           6.6.1 Increasing Usage in Turbine and Diesel Engines is Driving the Demand for Insulation Coating Materials
    6.7 Others

7 Insulation Coating Materials Market, By End-Use Industry (Page No. - 55)
    7.1 Introduction
    7.2 Aerospace
           7.2.1 Increasing Air Traffic and Increasing Aircraft Manufacturing Activity are Fueling the Market Growth
           7.2.2 Global Commercial Aviation Industry Outlook
    7.3 Automotive
           7.3.1 Focus on Energy–Efficient Vehicles and an Increase in Vehicle Production to Have A Positive Impact on the Market
    7.4 Marine
           7.4.1 Personnel Protection
                    7.4.1.1 Increase in Shipbuilding Activity and Stringent Regulations From Imo are Contributing to the Market Growth
    7.5 Building & Construction
           7.5.1 Growing Urbanization and Increasing Demand for Energy-Efficient Buildings are Boosting the Demand for Insulation Coating Materials
    7.6 Industrial
           7.6.1 Personnel Protection
                    7.6.1.1 Implementation of Safety Regulations at the Workplace is Boosting the Demand for Insulation Coating Materials
    7.7 Others

8 Insulation Coating Materials Market, By Region (Page No. - 72)
    8.1 Introduction
    8.2 North America
           8.2.1 US
                    8.2.1.1 Rebound in the Industrial Sector and the Increase in Investment in the Automotive and Aerospace Industries are Projected to Drive Coating Materils Market
           8.2.2 Canada
                    8.2.2.1 Increasing Focus on Manufacturing and Export of Goods is Boosting the Market Growth
           8.2.3 Mexico
                    8.2.3.1 The Growth of the Industrial Sector in the Country is Expected to Boost the Demand for Insulation Coating Materials
    8.3 APAC
           8.3.1 China
                    8.3.1.1 Increase in Shipbuilding Activity and Growth of the Industrial Sector are Fueling the Market
           8.3.2 India
                    8.3.2.1 Increase in Fdi in the Automotive and Aerospace Industries and Initiatives Pushing the Manufacturing Activity are Expected to Impact the Positi 91
           8.3.3 Japan
                    8.3.3.1 The Growing Demand for Innovative Product Design is Increasing the Demand for Insulation Coating Materials
           8.3.4 South Korea
                    8.3.4.1 The Country’s Focus on Increasing Manufacturing and Shipbuilding Activities is Driving the Market
           8.3.5 Indonesia
                    8.3.5.1 Increasing Focus on Construction and Manufacturing Sectors is Driving the Demand for Insulation Coating Materials
           8.3.6 Vietnam
                    8.3.6.1 Increasing Investments and Government Initiatives are Fueling the Market Growth
           8.3.7 Malaysia
                    8.3.7.1 Focus on Increasing Industrial Production and Malaysia Vision 2020 to Have A Positive Impact on the Market
           8.3.8 Rest of APAC
    8.4 Europe
           8.4.1 Germany
                    8.4.1.1 Improved Price Competitiveness and Innovation in the Manufacturing Sector are Expected to Drive the Demand for Insulation Coating Materials
           8.4.2 UK
                    8.4.2.1 The Growing Aerospace, Chemicals, and Industrial Products Segments are Significantly Increasing the Demand for Insulation Coating Materials
           8.4.3 France
                    8.4.3.1 Increase in Demand for New Aircraft and Investment in Machinery and Equipment are Contributing to the Market Growth
           8.4.4 Russia
                    8.4.4.1 Government’s Strategy to Develop Chemical and Petrochemical Industry Till 2030 is Boosting the Demand for Insulation Coating Materials
           8.4.5 Italy
                    8.4.5.1 Increasing Focus on Aerospace and Industrial Sectors is Boosting the Demand for Insulation Coating Materials
           8.4.6 Rest of Europe
    8.5 Middle East & Africa
           8.5.1 South Africa
                    8.5.1.1 Favorable Policies for Investors and Increasing Urbanization are Factors Governing the Market Growth
           8.5.2 Saudi Arabia
                    8.5.2.1 Increasing Focus on the Non-Oil Sector is Driving the Demand for Insulation Coating Materials
           8.5.3 Rest of Middle East & Africa
    8.6 South America
           8.6.1 Brazil
                    8.6.1.1 Increase in Production Activities and Focus on Infrastructure Development to Drive the Demand for Insulation Coating Materials
           8.6.2 Argentina
                    8.6.2.1 Increasing Investments in the Automotive Industry to Drive the Demand for Insulation Coating Materials
           8.6.3 Rest of South America

9 Competitive Landscape (Page No. - 133)
    9.1 Introduction
    9.2 Competitive Scenario
           9.2.1 Expansion
           9.2.2 New Product Launch
           9.2.3 Acquisition

10 Competitive Leadership Mapping, Insulation Coating Materials Market (Page No. - 137)
     10.1 Visionary Leaders
     10.2 Innovators
     10.3 Dynamic Differentiators
     10.4 Emerging Companies

11 Company Profiles (Page No. - 139)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)* 
     11.1 Akzonobel
     11.2 PPG Industries
     11.3 The Sherwin-Williams Company
     11.4 Kansai Paint CO., LTD.
     11.5 Jotun Group
     11.6 Nippon Paint
     11.7 Mascoat
     11.8 Carboline
     11.9 Sharpshell Industrial Solutions
     11.10 Axalta Coating Systems
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies. 
     11.11 Other Players
             11.11.1 Cabot Corporation
             11.11.2 Synavax
             11.11.3 Temp-Coat LLC
             11.11.4 SK Formulations
             11.11.5 Lincoln Industries
             11.11.6 The Bayou Company, LLC
             11.11.7 SPI Coatings
             11.11.8 Coolshield International Pty., LTD
             11.11.9 Delta T & Protective Products
             11.11.10 NPP Engineering
             11.11.11 Excel Enterprise
             11.11.12 Mathur Corr-Tech Pvt. LTD.
             11.11.13 General Coatings Manufacturing Corp

12 Appendix (Page No. - 163)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Related Reports
     12.4 Author Details


List of Tables (165 Tables)

Table 1 Insulation Coating Materials Market Size, By Type, 2016–2023 (USD Million)
Table 2 Insulation Coating Materials Market Size, By Type, 2016–2023 (Kiloton)
Table 3 Acrylic Insulation Coating Materials Market Size, By Region, 2016–2023 (USD Million)
Table 4 Acrylic Insulation Coating Materials Market Size, By Region, 2016–2023 (Kiloton)
Table 5 Epoxy Insulation Coating Materials Market Size, By Region, 2016–2023 (USD Million)
Table 6 Epoxy Insulation Coating Materials Market Size, By Region, 2016–2023 (Kiloton)
Table 7 Polyurethane Insulation Coating Materials Market Size, By Region, 2016–2023 (USD Million)
Table 8 Polyurethane Insulation Coating Materials Market Size, By Region, 2016–2023 (Kiloton)
Table 9 YSZ Insulation Coating Materials Market Size, By Region, 2016–2023 (USD Million)
Table 10 YSZ Insulation Coating Materials Market Size, By Region, 2016–2023 (Kiloton)
Table 11 Mullite Insulation Coating Materials Market Size, By Region, 2016–2023 (USD Million)
Table 12 Mullite Insulation Coating Materials Market Size, By Region, 2016–2023 (Kiloton)
Table 13 Other Insulation Coating Materials Market Size, By Region, 2016–2023 (USD Million)
Table 14 Other Insulation Coating Materials Market Size, By Region, 2016–2023 (Kiloton)
Table 15 Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 16 Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 17 Aircraft Production, By Leading OEMs
Table 18 Estimation of Number of Engines, Landing Gear, and Airframes
Table 19 Insulation Coating Materials Market Size in Aerospace, By Region, 2016–2023 (USD Million)
Table 20 Insulation Coating Materials Market Size in Aerospace, By Region, 2016–2023 (Kiloton)
Table 21 Insulation Coating Materials Market Size in Automotive, By Region, 2016–2023 (USD Million)
Table 22 Insulation Coating Materials Market Size in Automotive, By Region, 2016–2023 (Kiloton)
Table 23 Insulation Coating Materials Market Size in Marine, By Region, 2016–2023 (USD Million)
Table 24 Insulation Coating Materials Market Size in Marine, By Region, 2016–2023 (Kiloton)
Table 25 Marine Insulation Coating Materials Market Size Breakup, 2016–2023 (Kiloton)
Table 26 Marine Insulation Coating Materials Market Size Breakup, 2016–2023 (USD Million)
Table 27 Insulation Coating Materials Market Size in Building & Construction, By Region, 2016–2023 (USD Million)
Table 28 Insulation Coating Materials Market Size in Building & Construction, By Region, 2016–2023 (Kiloton)
Table 29 Insulation Coating Materials Market Size in Industrial, By Region, 2016–2023 (USD Million)
Table 30 Insulation Coating Materials Market Size in Industrial, By Region, 2016–2023 (Kiloton)
Table 31 Applications of Insulation Coating Materials in Industrial Segment, By Type
Table 32 Applications of Insulation Coating Materials in Industrial Segment, By End-Use Industry
Table 33 Industrial Insulation Coating Materials in Industrial Segment, Market Size Breakup, 2016–2023 (Kiloton)
Table 34 Industrial Insulation Coating Materials in Industrial Segment, Market Size Breakup, 2016–2023 (USD Million)
Table 35 Workplace Safety Guidelines By Osha
Table 36 Insulation Coating Materials for Electronic Devices
Table 37 Insulation Coating Materials Market Size in Other End-Use Industries, By Region, 2018–2023 (USD Million)
Table 38 Insulation Coating Materials Market Size in Other End-Use Industries, By Region, 2018–2023 (Kiloton)
Table 39 Insulation Coating Materials Market Size, By Region, 2016–2023 (USD Million)
Table 40 Insulation Coating Materials Market Size, By Region, 2016–2023 (Kiloton)
Table 41 North America: Insulation Coating Materials Market Size, By Country, 2016–2023 (USD Million)
Table 42 North America: Insulation Coating Materials Market Size, By Country, 2016–2023 (Kiloton)
Table 43 North America: Insulation Coating Materials Market Size, By Type, 2016–2023 (USD Million)
Table 44 North America: Insulation Coating Materials Market Size, By Type, 2016–2023 (Kiloton)
Table 45 North America: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 46 North America: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 47 US: Insulation Coating Materials Market Size, By Type, 2016–2023 (USD Million)
Table 48 US: Insulation Coating Materials Market Size, By Type, 2016–2023 (Kiloton)
Table 49 US: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 50 US: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 51 Canada: Insulation Coating Materials Market Size, By Type, 2016–2023 (USD Million)
Table 52 Canada: Insulation Coating Materials Market Size, By Type, 2016–2023 (Kiloton)
Table 53 Canada: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 54 Canada: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 55 Mexico: Insulation Coating Materials Market Size, By Type, 2016–2023 (USD Million)
Table 56 Mexico: Insulation Coating Materials Market Size, By Type, 2016–2023 (Kiloton)
Table 57 Mexico: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 58 Mexico: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 59 APAC: Insulation Coating Materials Market Size, By Country, 2016–2023 (USD Million)
Table 60 APAC: Insulation Coating Materials Market Size, By Country, 2016–2023 (Kiloton)
Table 61 APAC: Insulation Coating Materials Market Size, By Type, 2016–2023 (USD Million)
Table 62 APAC: Insulation Coating Materials Market Size, By Type, 2016–2023 (Kiloton)
Table 63 APAC: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 64 APAC: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 65 China: Insulation Coating Materials Market Size, By Type, 2016–2023 (USD Million)
Table 66 China: Insulation Coating Materials Market Size, By Type, 2016–2023 (Kiloton)
Table 67 China: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 68 China: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 69 India: Insulation Coating Materials Market Size, By Type, 2016–2023 (USD Million)
Table 70 India: Insulation Coating Materials Market Size, By Type, 2016–2023 (Kiloton)
Table 71 India: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 72 India: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 73 Japan: Insulation Coating Materials Market Size, By Type, 2016–2023 (USD Million)
Table 74 Japan: Insulation Coating Materials Market Size, By Type, 2016–2023 (Kiloton)
Table 75 Japan: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 76 Japan: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 77 South Korea: Insulation Coating Materials Market Size, By Type, 2016–2023 (USD Million)
Table 78 South Korea: Insulation Coating Materials Market Size, By Type, 2016–2023 (Kiloton)
Table 79 South Korea: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 80 South Korea: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 81 Indonesia: Insulation Coating Materials Market Size, By Type, 2016–2023 (USD Million)
Table 82 Indonesia: Insulation Coating Materials Market Size, By Type, 2016–2023 (Kiloton)
Table 83 Indonesia: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 84 Indonesia: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 85 Vietnam: Insulation Coating Materials Market Size, By Type, 2016–2023 (USD Million)
Table 86 Vietnam: Insulation Coating Materials Market Size, By Type, 2016–2023 (Kiloton)
Table 87 Vietnam: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 88 Vietnam: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 89 Malaysia: Insulation Coating Materials Market Size, By Type, 2016–2023 (USD Million)
Table 90 Malaysia: Insulation Coating Materials Market Size, By Type, 2016–2023 (Kiloton)
Table 91 Malaysia: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 92 Malaysia: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 93 Rest of APAC: Insulation Coating Materials Market Size, By Type, 2016–2023 (USD Million)
Table 94 Rest of APAC: Insulation Coating Materials Market Size, By Type, 2016–2023 (Kiloton)
Table 95 Rest of APAC: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 96 Rest of APAC: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 97 Europe: Insulation Coating Materials Market Size, By Country, 2016–2023 (USD Million)
Table 98 Europe: Insulation Coating Materials Market Size, By Country, 2016–2023 (Kiloton)
Table 99 Europe: Insulation Coating Materials Market Size, By Type, 2016–2023 (USD Million)
Table 100 Europe: Insulation Coating Materials Market Size, By Type, 2016–2023 (Kiloton)
Table 101 Europe: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 102 Europe: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 103 Germany: Insulation Coating Materials Market Size, By Type, 2016–2023 (USD Million)
Table 104 Germany: Insulation Coating Materials Market Size, By Type,2016–2023 (Kiloton)
Table 105 Germany: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 106 Germany: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 107 UK: Insulation Coating Materials Market Size, By Type, 2016–2023 (USD Million)
Table 108 UK: Insulation Coating Materials Market Size, By Type, 2016–2023 (Kiloton)
Table 109 UK: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 110 UK: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 111 France: Insulation Coating Materials Market Size, By Type, 2016–2023 (USD Million)
Table 112 France: Insulation Coating Materials Market Size, By Type, 2016–2023 (Kiloton)
Table 113 France: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 114 France: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 115 Russia: Insulation Coating Materials Market Size, By Type, 2016–2023 (USD Million)
Table 116 Russia: Insulation Coating Materials Market Size, By Type, 2016–2023 (Kiloton)
Table 117 Russia: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 118 Russia: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 119 Italy: Insulation Coating Materials Market Size, By Type, 2016–2023 (USD Million)
Table 120 Italy: Insulation Coating Materials Market Size, By Type, 2016–2023 (Kiloton)
Table 121 Italy: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 122 Italy: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 123 Rest of Europe: Insulation Coating Materials Market Size, By Type, 2016–2023 (USD Million)
Table 124 Rest of Europe: Insulation Coating Materials Market Size, By Type, 2016–2023 (Kiloton)
Table 125 Rest of Europe: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 126 Rest of Europe: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 127 Middle East & Africa: Insulation Coating Materials Market Size, By Country, 2016–2023 (USD Million)
Table 128 Middle East & Africa: Insulation Coating Materials Market Size, By Country, 2016–2023 (Kiloton)
Table 129 Middle East & Africa: Insulation Coating Materials Market Size, By Type, 2016–2023 (USD Million)
Table 130 Middle East & Africa: Insulation Coating Materials Market Size,By Type, 2016–2023 (Kiloton)
Table 131 Middle East & Africa: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 132 Middle East & Africa: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 133 South Africa: Insulation Coating Materials Market Size, By Type, 2016–2023 (USD Million)
Table 134 South Africa: Insulation Coating Materials Market Size, By Type, 2016–2023 (Kiloton)
Table 135 South Africa: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 136 South Africa: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 137 Saudi Arabia: Insulation Coating Materials Market Size, By Type, 2016–2023 (USD Million)
Table 138 Saudi Arabia: Insulation Coating Materials Market Size, By Type, 2016–2023 (Kiloton)
Table 139 Saudi Arabia: Insulation Coating Materials Market Size,By End-Use Industry, 2016–2023 (USD Million)
Table 140 Saudi Arabia: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 141 Rest of Middle East & Africa: Insulation Coating Materials Market Size, By Type, 2016–2023 (USD Million)
Table 142 Rest of Middle East & Africa: Insulation Coating Materials Market Size, By Type, 2016–2023 (Kiloton)
Table 143 Rest of Middle East & Africa: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 144 Rest of Middle East & Africa: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 145 South America: Insulation Coating Materials Market Size, By Country, 2016–2023 (USD Million)
Table 146 South America: Insulation Coating Materials Market Size, By Country, 2016–2023 (Kiloton)
Table 147 South America: Insulation Coating Materials Market Size, By Type, 2016–2023 (USD Million)
Table 148 South America: Insulation Coating Materials Market Size, By Type, 2016–2023 (Kiloton)
Table 149 South America: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 150 South America: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 151 Brazil: Insulation Coating Materials Market Size, By Type, 2016–2023 (USD Million)
Table 152 Brazil: Insulation Coating Materials Market Size, By Type, 2016–2023 (Kiloton)
Table 153 Brazil: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 154 Brazil: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 155 Argentina: Insulation Coating Materials Market Size, By Type, 2016–2023 (USD Million)
Table 156 Argentina: Insulation Coating Materials Market Size, By Type, 2016–2023 (Kiloton)
Table 157 Argentina: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 158 Argentina: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 159 Rest of South America: Insulation Coating Materials Market Size, By Type, 2016–2023 (USD Million)
Table 160 Rest of South America: Insulation Coating Materials Market Size, By Type, 2016–2023 (Kiloton)
Table 161 Rest of South America: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 162 Rest of South America: Insulation Coating Materials Market Size, By End-Use Industry, 2016–2023 (Kiloton)
Table 163 Expansion, 2016–2018
Table 164 New Product Launch, 2013–2016
Table 165 Acquisition, 2015–2017


List of Figures (43 Figures)

Figure 1 Insulation Coating Materials Market: Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Insulation Coating Materials Market: Data Triangulation
Figure 5 YSZ Was the Largest Type Segment in the Insulation Coating Materials Market in 2018
Figure 6 Marine to Be the Fastest-Growing End-Use Industry Between 2018 and 2023
Figure 7 APAC to Be the Fastest-Growing Market During the Forecast Period
Figure 8 Increasing Demand for Energy-Efficient Materials to Drive the Insulation Coating Materials Market During the Forecast Period
Figure 9 Acrylic Type Accounted for the Largest Market Share in APAC in 2017
Figure 10 Mullite Type to Register the Highest Cagr During the Forecast Period
Figure 11 Marine to Be the Fastest-Growing End-Use Industry During the Forecast Period
Figure 12 India to Be the Fastest-Growing Market During the Forecast Period
Figure 13 Drivers, Restraints, Opportunities, and Challenges: Insulation Coating Materials Market
Figure 14 Moderate Intensity of Competitive Rivalry Due to Low Possibility of Product Differentiation
Figure 15 Acrylic to Lead the Insulation Coating Materials Market
Figure 16 APAC to Lead the Acrylic Insulation Coating Materials Market
Figure 17 APAC to Be the Largest Epoxy Insulation Coating Materials Market
Figure 18 APAC to Dominate Polyurethane Insulation Coating Materials Market
Figure 19 YSZ to Be the Largest Type in Insulation Coating Materials Market in APAC
Figure 20 North America to Be the Second-Largest Mullite Insulation Coating Materials Market
Figure 21 APAC to Be the Largest Other Insulation Coating Materials Market
Figure 22 Fleet Size, By Type, 2017 vs. 2037
Figure 23 Price Deviation in Marine Segment, Insulation Coating for Ppc vs Others
Figure 24 Price Deviation in Industrial Segment, Insulation Coatings for Ppc vs Others
Figure 25 APAC to Dominate the Market During the Forecast Period
Figure 26 India to Be the Fastest-Growing Insulation Coating Materials Market
Figure 27 North America: Insulation Coating Materials Market Snapshot
Figure 28 APAC: Insulation Coating Materials Market Snapshot
Figure 29 Companies Majorly Adopted Organic Growth Strategies Between 2013 and 2018
Figure 30 Market Evaluation Framework
Figure 31 Global Insulation Coating Materials Market- Competitive Leadership Mapping, (2018)
Figure 32 Akzonobel: Company Snapshot
Figure 33 Akzonobel: SWOT Analysis
Figure 34 PPG Industries: Company Snapshot
Figure 35 PPG Industries: SWOT Analysis
Figure 36 The Sherwin-Williams Company: Company Snapshot
Figure 37 The Sherwin-Williams Company: SWOT Analysis
Figure 38 Kansai Paint CO., LTD.: Company Snapshot
Figure 39 Kansai Paint Co., LTD.: SWOT Analysis
Figure 40 Jotun Group: Company Snapshot
Figure 41 Jotun Group: SWOT Analysis
Figure 42 Nippon Paint: Company Snapshot
Figure 43 Axalta Coating Systems: Company Snapshot

The study involved four major activities in estimating the current market size for insulation coating materials. Exhaustive secondary research was done to collect information on the market and the related market. The next step was validating these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the overall market size. Thereafter, market breakdown and data triangulation were used to estimate the market sizes of the segments and the subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; gold standard & silver standard websites; food safety organizations; regulatory bodies; trade directories; and databases.

Primary Research

The insulation coating materials market comprises several stakeholders such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of the construction, marine deck, aerospace, industrial, and automotive industries. The supply side is characterized by advancements in technology. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Following is the breakdown of primary interview respondents:

Insulation Coatings Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the size of the global insulation coating materials market and to estimate the sizes of various other dependent submarkets. The research methodology used to estimate the market size includes the following:

  • The key players in the industry were identified through extensive secondary research.
  • The supply chain of the industry and market size, in terms of value and volume, were determined through primary and secondary research.
  • All percentage shares were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research includes the study of reports, reviews, and newsletters of key industry players along with extensive interviews with key officials, such as directors and marketing executives.

Data Triangulation

After arriving at the total market size through the estimation process explained above, the overall market was split into several segments and sub-segments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market size estimation process and arrive at the exact statistics for all segments and sub-segments. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition, the market size was validated by using both top-down and bottom-up approaches. Then, it was verified through primary interviews. Hence, for every data segment, there are three sources top-down approach, bottom-up approach, and expert interviews. The data was assumed to be correct when the values arrived at from the three sources matched.

Report Objectives

  • To define, describe, and forecast the insulation coating materials market in terms of value and volume
  • To provide insights into the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To estimate and forecast the market based on type and end-use industry
  • To analyze and forecast the market size on the basis of major regions such as North America, Europe, Asia Pacific (APAC), South America, and the Middle East & Africa and the key countries within these regions
  • To analyze the opportunities in the market for stakeholders and present a competitive landscape for the market leaders
  • To analyze competitive developments such as new product launch, expansion, acquisition, and divestment in the market
  • To strategically profile the key players in the market

Scope of the Report

Report Metric

Details

Years considered for the study

2016–2023

Base year

2017

Forecast period

2018–2023

Unit considered

Value (USD), Volume (Kiloton)

Segments

Type, End-use industry, and Region

Geographies

North America, APAC, Europe, Middle East & Africa, and South America

Companies

AkzoNobel (Netherlands), PPG Industries (US), The Sherwin-Williams Company (US), Kansai Paint CO., LTD. (Japan), Jotun Group (Norway), Nippon Paint (Japan), and Mascoat (US), among others

This research report categorizes the global insulation coating materials market on the basis of type, end-use industry, and region.

On the basis of Type:

  • Acrylic
  • Epoxy
  • Polyurethane
  • YSZ
  • Mullite
  • Others (vinyl acetate, ceramic, alkyd, polyolefin, and silicone)

On the basis of End-use Industry:

  • Aerospace
  • Automotive
  • Marine
  • Building & construction
  • Industrial
  • Others (food processing, power generation, electronics, and FMCG)

On the basis of Region:

  • North America
  • Europe
  • APAC
  • Middle East & Africa
  • South America

The market is further analyzed for the key countries in each of these regions.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Geographical Analysis:

  • Country-level analysis of the global insulation coating materials market

Company Information:

  • Detailed analysis and profiles of additional market players

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company
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