New York, NY, July 19, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Insulation Coating Materials Market by Type (Acrylic, Polyurethane, Epoxy, Mullite, YSZ, and Others) and by End-Use Industry (Automotive, Aerospace, Industrial, Building & Construction, Marine, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global insulation coating materials market was USD 8.7 billion in 2018 and is expected to reach USD 14.43 billion by 2025, at a CAGR of 7.5% between 2019 and 2025.
Insulation is used to ensure thermal protection and condensation resistance. These materials help in heat transfer reduction between various major elements across several sectors, such as building and construction, energy, aviation, automobile, and marine. Prevention against thermal fatigue, corrosion, melting, and warping are also offered by insulation coating materials.
Browse through 71 Tables & 29 Figures spread over 110 Pages and in-depth TOC on “Global Insulation Coating Materials Market: By Type, End-User, Industry Size, Share, Trends, Analysis, and Forecast, 2018–2025”.
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The global insulation coating materials market is experiencing significant growth, owing to the rising in demand for innovative and improved products in the industrial sectors and increasing demand for insulation coating materials by automotive, aerospace, industrial, building and construction, marine industries. Rising consumer awareness regarding energy conservation, supportive government policies, and growing investments in environment-friendly insulation materials are some other key factors that are likely to fuel the global insulation coating materials market over the forecast time period. Robust industrialization and easy availability of raw materials are also expected to increase the demand for insulation coating materials across the globe in the years to come. However, volatile prices of raw materials required in the manufacturing of insulation coating materials may act as a restraining factor for the insulation coating materials market growth globally.
The global insulation coating materials market is mainly fragmented based on the type and end-use industry. On the basis of type, the market for insulation coating materials includes acrylic, mullite, polyurethane, YSZ, epoxy, and others. The acrylic segment is anticipated to show the highest CAGR in the global insulation coating materials market in the future. The end-use industry of the global insulation coating materials market comprises automotive, aerospace, industrial, building and construction, marine, and others. In 2018, the industrial segment was leading the global insulation coating materials market.
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In 2018, the Asia Pacific region was the largest insulation coating materials market globally. This growth can be mainly attributed to the rapid developments witnessed in the regional marine and aerospace industries. Moreover, the Asia Pacific insulation coating materials market is anticipated to be the fastest growing over the next few years, owing to the flourishing automotive industry in the region. China and India are the major countries for insulation coating materials market in the region, owing to the constant economic growth. In 2018, China was the major market for insulation coating materials and is anticipated to continue its dominance in the future. This can be due to the easy availability of raw materials, revitalized industrial sector, and large-scale production capacity. The rising domestic demand and easy access to resources have made the Asia Pacific region a leading producer as well as consumer of insulation coating materials.
North America held the second largest market for insulation coating materials in 2018. The U.S. was the major contributor to the region’s insulation coating materials product growth in 2018. North American countries (the U.S., Canada, and Mexico) are also observing a rise in the demand for insulation coating materials due to the flourishing aerospace and marine industries along with current economic turnaround and positive market developments.
Browse the full “Insulation Coating Materials Market by Type (Acrylic, Polyurethane, Epoxy, Mullite, YSZ, and Others) and by End-Use Industry (Automotive, Aerospace, Industrial, Building & Construction, Marine, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/insulation-coating-materials-market
Europe is anticipated to witness sustainable growth in the insulation coating materials market globally in the upcoming years, owing to the growing requirement for environment-friendly insulation coating materials, increasing demand for insulation coating materials by major industrial sectors, rising production of the automotive sector, and stringent government regulations to curb pollution.
Latin America and the Middle East and Africa are projected to experience moderate growth in the insulation coating materials market in the upcoming years, owing to significant investments made by the international companies for insulation coating materials projects in these regions. The governments of several countries like Brazil, Argentina, and South Africa are promoting the use of technology in various sectors, which will further support the of the regions’ insulation coating materials market.
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Some major players of the insulation coating materials market are The Dow Chemical, Sharpshell Industrial Solution, PPG Industries, Jotun Group, Mascoat, Kansai Paint, The Sherwin-Williams, Nippon Paint, Carboline, AkzoNobel, Cabot Corporation, Axalta Coating Systems, The Bayou Company, General Coatings Manufacturing, Delta T & Protective Products, Coolshield International, and SK Formulations.
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This report segments the global insulation coating materials market into:
Global Insulation Coating Materials Market: Type Analysis
- Acrylic
- Polyurethane
- Epoxy
- Mullite
- YSZ (Yttria-Stabilized Zirconia)
- Others
Global Insulation Coating Materials Market: End-Use Industry Analysis
- Automotive
- Aerospace
- Industrial
- Building and Construction
- Marine
- Others
Global Insulation Coating Materials Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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