The insulation coating market is growing steadily with swift demand growth from end-user applications including Construction, Automotive, Aerospace, Industrial, Marine, and others. Further, the insulation coating market size is forecast for Acrylic, Epoxy, Polyurethane, YSZ, and other types from 2021 to 2030. In addition, business profiles of the leading 10 insulation coating companies along with the market outlook of 25 countries worldwide are included in the study.
Insulation coating designed to withstand high temperatures with superior performance for longer periods, enhanced efficiency of people & types of machinery, energy savings, and extended life of the products are marketed by companies. The growing need for efficient heat, electric and sound insulation across application verticals supports the market outlook.
Insulation Coating Market Size Outlook (US$ Billion) and Growth Forecasts (%), 2021- 2030
The global Insulation Coating market size stood at $9.1 billion in 2022. Further, strong end-user industry demand is driving the market outlook. From 2023 to 2030, the Insulation Coating market is likely to register a steady revenue increase at a compounded annual growth rate of 6.03 percent to reach $14.5 billion by 2030.
Insulation Coating Market Drivers- Consumer preference of energy efficient buildings supports market growth
Energy efficiency in buildings is one of the key marketing factors observed among building and construction companies. To reduce energy leakage and improve efficiency, builders opt for energy-efficient insulation coatings.
In particular, organizations plan to save heating and cooling expenses through control of heat loss and gains in buildings. The launch of new coating types encourages older buildings to be insulated against heat, sound, and electricity without major replacement or construction costs. Green buildings, commercial offices, hospitals, residential apartments, storage tanks, factories, pipelines, warehouses, sheets, films, and others continue to deploy insulation coatings. The building construction segment accounted for the majority share of 26% in the insulation coating industry, followed by automotive, aerospace, and other industries.
Insulation Coating Market Share Analysis- The USD 3.7 billion Acrylic insulation coating is the largest market worldwide
The acrylic insulation coating is widely used across end-user applications, driven primarily by the superior ability to improve productivity and minimize energy loss, prevents premature degradation, and lowering corrosion under insulation exposure. These are used for coating both interior and exterior walls, metals, wood structures, and a wide range of applications. Water-based insulation coating with superior insulation properties is being developed.
Consistent material performance coupled with significant energy savings encourages consumption across end-user industries. Further, sound insulation and heat resistance attributes coupled with the drive towards corrosion inhibition requirements across other end-user industries support market growth.
The global insulation coating market by type is dominated by acrylic insulation coating with a 42% market share, followed by YSZ-type insulation coating with a 28% market share. Further, Epoxy coating and PU (polyurethane) accounted for 25% together. Over the forecast period from 2023 to 2030, acrylic insulation coating continues to dominate the industry, driven by widespread consumption across China, India, the US, and other potential markets.
Insulation Coating Market Segmentation
Types
Applications
Companies
1. Executive Summary
1.1 Introduction to Insulation Coating Markets
1.2 Insulation Coating Market Size Outlook, 2021- 2030
1.3 Growth Opportunities in Insulation Coating Industry
1.4 Winning Strategies for the post-pandemic future
2. Report Guide
2.1 Market Definition and Scope
2.2 Market Segmentation
2.3 Research Methodology
2.4 Forecast Methodology
2.5 List of Abbreviations
3. Growth Opportunity Analysis
3.1 Key Insulation Coating Market Trends
3.1.1 Green insulation coating gains robust demand growth
3.1.2 R&D activities focused on nanotechnology-based insulation coatings
3.2 Key Insulation Coating Market Growth Drivers
3.2.1 Growing demand for energy-efficient buildings
3.2.2 Supportive regulations in emerging countries
3.2.3 Widening application areas of efficient insulation coatings
3.3 Key Insulation Coating Market Growth Restraints
3.3.1 Limited skilled workforce availability
3.3.2 Price fluctuations in raw materials
4 Insulation Coating Market Outlook – Scenario Analysis
4.1 Low Growth Case Scenario Forecasts: Insulation Coating Market Size Outlook to 2030
4.2 Reference Growth Case Scenario Forecasts: Insulation Coating Market Size Outlook to 2030
4.3 High Growth Case Scenario Forecasts: Insulation Coating Market Size Outlook to 2030
5. Insulation Coating Market Segmentation- Outlook by Type
5.1 Insulation Coating Market Share Analysis by Type, 2023
5.2 Acrylic Insulation Coating Market Outlook to 2030
5.3 Epoxy Insulation Coating Market Outlook to 2030
5.4 Polyurethane Insulation Coating Market Outlook to 2030
5.5 YSZ Insulation Coating Market Outlook to 2030
5.6 Others
6. Insulation Coating Market Segmentation- Outlook by Application
6.1 Insulation Coating Market Share Analysis by Application, 2023
6.2 Construction: Insulation Coating Market Outlook to 2030
6.3 Automotive: Insulation Coating Market Outlook to 2030
6.4 Aerospace: Insulation Coating Market Outlook to 2030
6.5 Industrial: Insulation Coating Market Outlook to 2030
6.6 Marine: Insulation Coating Market Outlook to 2030
7. North America Insulation Coating Market Outlook and Opportunities to 2030
7.1 Market Snapshot, 2023
7.2 North America Insulation Coating Market Growth Opportunities
7.2.1 North America Insulation Coating Market Outlook by Type, 2021 to 2030
7.2.2 North America Insulation Coating Market Outlook by Application, 2021 to 2030
7.2.3 North America Insulation Coating Market Outlook by Country, 2021 to 2030
7.3 United States Insulation Coating Market Outlook, 2021 to 2030
7.4 Canada Insulation Coating Market Outlook, 2021 to 2030
7.5 Mexico Insulation Coating Market Outlook, 2021 to 2030
8. Europe Insulation Coating Market Outlook and Opportunities to 2030
8.1 Market Snapshot, 2023
8.2 Europe Insulation Coating Market Growth Opportunities
8.2.1 Europe Insulation Coating Market Outlook by Type, 2021 to 2030
8.2.2 Europe Insulation Coating Market Outlook by Application, 2021 to 2030
8.2.3 Europe Insulation Coating Market Outlook by Country, 2021 to 2030
8.3 Germany Insulation Coating Market Outlook, 2021 to 2030
8.4 France Insulation Coating Market Outlook, 2021 to 2030
8.5 United Kingdom Insulation Coating Market Outlook, 2021 to 2030
8.6 Spain Insulation Coating Market Outlook, 2021 to 2030
8.7 Italy Insulation Coating Market Outlook, 2021 to 2030
8.8 Other Europe Insulation Coating Market Outlook, 2021 to 2030
9. Asia Pacific Insulation Coating Market Outlook and Opportunities to 2030
9.1 Market Snapshot, 2023
9.2 Asia Pacific Insulation Coating Market Growth Opportunities
9.2.1 Asia Pacific Insulation Coating Market Outlook by Type, 2021 to 2030
9.2.2 Asia Pacific Insulation Coating Market Outlook by Application, 2021 to 2030
9.2.3 Asia Pacific Insulation Coating Market Outlook by Country, 2021 to 2030
9.3 China Insulation Coating Market Outlook, 2021 to 2030
9.4 Japan Insulation Coating Market Outlook, 2021 to 2030
9.5 India Insulation Coating Market Outlook, 2021 to 2030
9.6 South Korea Insulation Coating Market Outlook, 2021 to 2030
9.7 Indonesia Insulation Coating Market Outlook, 2021 to 2030
9.8 Other Asia Pacific Insulation Coating Market Outlook, 2021 to 2030
10. South and Central America Insulation Coating Market Outlook and Opportunities to 2030
10.1 Market Snapshot, 2023
10.2 South and Central America Insulation Coating Market Growth Opportunities
10.2.1 South and Central America Insulation Coating Market Outlook by Type, 2021 to 2030
10.2.2 South and Central America Insulation Coating Market Outlook by Application, 2021 to 2030
10.2.3 South and Central America Insulation Coating Market Outlook by Country, 2021 to 2030
10.3 Brazil Insulation Coating Market Outlook, 2021 to 2030
10.4 Argentina Insulation Coating Market Outlook, 2021 to 2030
10.5 Other Latin America Insulation Coating Market Outlook, 2021 to 2030
11. Middle East and Africa Insulation Coating Market Outlook and Opportunities to 2030
11.1 Market Snapshot, 2023
11.2 Middle East and Africa Insulation Coating Market Growth Opportunities
11.2.1 Middle East and Africa Insulation Coating Market Outlook by Type, 2021 to 2030
11.2.2 Middle East and Africa Insulation Coating Market Outlook by Application, 2021 to 2030
11.2.3 Middle East and Africa Insulation Coating Market Outlook by Country, 2021 to 2030
11.3 Saudi Arabia Insulation Coating Market Outlook, 2021 to 2030
11.4 United Arab Emirates (the UAE) Insulation Coating Market Outlook, 2021 to 2030
11.5 Other Middle East Insulation Coating Market Outlook, 2021 to 2030
11.6 Egypt Insulation Coating Market Outlook, 2021 to 2030
11.7 South Africa Insulation Coating Market Outlook, 2021 to 2030
11.8 Other Africa Insulation Coating Market Outlook, 2021 to 2030
12. Profiles of major world Insulation Coating Companies
12.1 AkzoNobel NV
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.2 PPG Industries
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.3 Sherwin-Williams Company
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.4 Kansai Paint Co., Ltd
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.5 Jotun
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.6 Nippon Paint
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.7 Mascoat
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.8 Carboline
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
- Financial Profile
12.9 Sharp shell Industries
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.10 Axalta Coating System
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13. Appendix
13.1 Publisher’s Expertise
13.2 List of Tables and Charts
13.3 List of Exhibits
13.4 Legal Disclaimer
Growing demand for energy-efficient buildings, Supportive regulations in emerging countries, widening application areas of efficient insulation coatings, R&D activities focused on nanotechnology-based insulation coatings
The global Insulation Coating market size stood at $9.1 billion in 2022.
From 2023 to 2030, the Insulation Coating market is likely to register a steady revenue increase at a compounded annual growth rate of 6.03 percent to reach $14.5 billion by 2030.
AkzoNobel NV, PPG Industries, Sherwin-Williams Company, Kansai Paint Co., Ltd, Jotun, Nippon Paint, Mascoat, Carboline, Sharp shell Industries, Axalta Coating System
Green insulation coating gains robust demand growth