Insulation Coating Material Market To Reach USD 87.88 Billion By 2026 | Reports And Data

Insulation Coating Material Market Size – USD 47.63 Billion in 2018, Insulation Coating Material Market Growth - CAGR of 8.0%, Insulation Coating Material Industry Trends – Product launches and Research for advanced the this material

New york, Nov. 19, 2019 (GLOBE NEWSWIRE) -- Rising consumer awareness in respects to energy conservation, investments in environment-friendly insulation materials are major key factors which are driving the the global insulation coating materials market during the forecast period. Increasing industrialization and easy availability of raw materials is driving the demand of insulation coating materials globally. Volatility in raw materials prices may act as a restraining factor for the insulation coating materials market growth globally.The old insulation systems and materials such as fiberglass and mineral wool are proven to provide better thermal performance as compareto the new insulation coating materials available in the markets. Therefore, the manufacturers need to develop products with superior thermal insulation properties.

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According to the current analysis of Reports and Data, the global the insulation coating materials market was valued at USD 47.63 Billion in 2018 and is expected to reach USD 87.88 Billion by the year 2026, at a CAGR of 8.0 percent, the insulation coating materials are barrier to heat, insulation coating materials is process done in various applications to maintain the temperatures changes. They maintain energy consumption and increases efficiency. Yttrium, Mullite is the conventional insulating coatings used for insulation. Insulation coating materials applied to weather exposed surfaces and can resist thermal shock absorptions. Insulation coating materials provide a longer shelf life to the substrates.

Insulation coating materials are used in Buildings, factories, vehicles, theaters, hotels, Seminar Halls, etc. insulation coating materials have been uitlised in engine rooms, pipes and overheads and so on. Insulation coating materials are used for automotive industries. Insulation coating materials have high used in the petroleum refineries mainly used in the pipelines which carry crude and distillation products to the destinations. The increasing investments by oil and gas refineries have significantly benefitted the market for insulation coating materials. Additionally, with the expansion plans of refineries, is expected to drive the use ofinsulation coatings materials.

Heat-Flex Hi-Temp 3500, the brand being one of the brands is a multi-purpose, single-component water-based, acrylic, spray-applied insulative coating. It contains an engineered composite of ceramic and silica microspheres to optimize thermal insulative properties.

Heat-Flex 3500 is a brand product ideal for coating everything from pipes, valves, tanks, vessels, heaters, and boilers to compressors, pumps, containers, stacks, and ductwork that operate in temperature ranges between -80° F and +350° F.

By Product Type:

Insulation prevents suffering shocks. Within the mind, resistance to electrical current is measured in ohms. Metals are good conductors as they have minimal resistance to the flow of electrical current. Good insulator, on the other hand, reacts with high strength to the flow of electrical current.

By End User:

Aerospace Industry has the highest CAGR of 8.9%. Followed by the automotive industry 7.5% CAGR. Insulation coating has tremendous applications in the construction industry, as well as in a real estate. Insulation has been done on the material, which often needed for the protection of the surface to provide heat protection.

Competitive Landscape:

The leading manufacturers in the insulation coating materials market are AkzoNobel, PPG Industries,  The Sherwin-Williams Company, Kansai Paint CO., LTD., Jotun Group, Nippon Paint, Mascoat and others. Sherwin-Williams is one of the leading manufacturers of insulation coating materials globally. The company operates through its three business segments which are, The Americas group, consumer brands group, and performance coatings group. The company offers its Insulation coatings material products under the performance coatings group. It has a presence in North America, South America, the Caribbean, Europe, APAC, and Australia. The company manufactures coatings and specialty materials through its performance coatings and industrial coatings business segments.

Further key findings from the report suggest

• Insulation coating materials are growing at a CAGR of 7% in the Asia Pacific followed by North America and Europe, with 7.8% and 7.4% CAGR, respectively. These materials across the globe are the key factor to accelerate market growth during the forecast period across all regions.
• The epoxy segment is the dominating this material holds 25% of the global market. North America market is the chief revenue-generating source for these
• Polyurethane is expected to be the fastest-growing market segment during forecast period 2019-2026 with a CAGR of 9.4%.
• The marine segment has the highest market share of 25% in these materials and was valued at USD 11.90 billion and is expected to reach USD 25.14 billion by 2026.
• The aerospace segment has covered the highest market share by the highest CAGR of 8.9 in the global forecast period.
• Asia Pacific segment is expected to register a market share 30% of the global materials Developing nations such China and India are likely to witness high growth
• Changes in the demographic condition, regulation policy, will boost demand for these materials in the country.
• Key participants include I. du Pont de Nemours and Company, BASF SE, the 3M Company, AkzoNobel N.V., The Sherwin-Williams Company, Hydro Protective Coatings, the Valspar Corporation, Sika AG, Protective Coatings International Ltd., and CSL Silicones Inc.

To identify the key trends in the industry, click on the link below:   https://www.reportsanddata.com/report-detail/insulation-coating-materials-market

Segments covered in the report:

For the purpose of this report, Reports and Data have segmented this materials market on the basis of type, end-use, and region:                    

By Type (Revenue in USD Million; Volume in Kilo Ton 2016–2026)

• Acrylic
• Epoxy
• Polyurethane
• YSZ
• Mullite

By End-Use (Revenue in USD Million; Volume in Kilo Ton 2016–2026)

• Aerospace
• Automotive
• Marine
• Industrial
• Building & Construction
• Others

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Regional Outlook (Volume: Kilo Tons; Revenue: USD Million; 2016-2026)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of the Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia-Pacific
• Middle East & Africa
  • Latin America
• Brazil

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