Insulation Coating Materials Market Worth $12.5 billion by 2023 - Exclusive Report by MarketsandMarkets™

News provided by

Jan 23, 2019, 09:30 ET

CHICAGO, January 23, 2019 /PRNewswire/ --

According to the new market research report "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", published by MarketsandMarkets™, The Insulation Coating Materials Market size is estimated at USD 8.7 billion in 2018 and is projected to reach USD 12.5 billion by 2023, at a CAGR of 7.5% between 2018 and 2023. The increasingly stringent policies at workplace and increase in shipbuilding activities are expected to drive the Insulation Coating Materials Market.

(Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=26484290

Browse in-depth TOC on "Insulation Coating Materials Market"
165 - Tables
43 - Figures
169 - Pages

View detailed Table of Content here:

https://www.marketsandmarkets.com/Market-Reports/insulation-coatings-market-26484290.html

"The Insulation Coating Materials Market is projected to witness the highest CAGR in the marine end-use industry during the forecast period."

Energy savings and surface protection are the key challenges for the marine industry. The marine environment is 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. APAC is witnessing increasing investments in = shipbuilding and naval marine production. The growth of the APAC marine (shipbuilding) industry is attributed to low-cost labor, strong government support, and developed business environment in the region.

"Increasing usage in turbine and diesel engines is driving the demand for mullite-based insulation coating materials."

The mullite-based insulation coating materials have low density, high thermal stability, and can be used in severe chemical environments. These coatings have a low thermal conductivity, favorable strength, and slithering movement. They can be an alternative to YSZ-based thermal insulation coating materials as they have a lower thermal expansion coefficient and higher thermal conductivity when compared with the YSZ-based coatings. These coatings find applications in gas turbines and environments where temperature variations across coatings are high.

"APAC is expected to account for the largest market share of insulation coating materials during the forecast period."

APAC is one of the most promising markets for insulation coating materials, due to the growth in the developing countries such as Indonesia, Malaysia, China, and India. The growing demand for insulation coating materials from different industries in APAC such as oil & gas, chemical, and power is driving the market in the region. APAC has also witnessed an increase in investments, particularly in the manufacturing sector.

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).

Get 10% Free Customization on this Report:

https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=26484290

Browse Adjacent Markets: Coatings Adhesives Sealants and Elastomers Market Research Reports & Consulting

Related Reports:

Subsea Thermal Insulation Materials Market by Type (Polyurethane, Polypropylene, Silicone Rubber, Epoxy, Aerogel), Application (Pipe-in-Pipe, Pipe Cover, Equipment, Field Joints), and Region - Global Forecast 2018 to 2023

Microporous Insulation Market by Product Type (Rigid Boards & Panels, Flexible Panels, Machined Parts, Moldable Products), Application (Industrial, Energy & Power, Oil & Gas, Aerospace & Defense, Automotive, Foundry) - Global Forecast to 2022

Building Thermal Insulation Market by Material (Glass Wool, Stone Wool, Polystyrene), Application (Flat Roof, Pitched Roof, External Wall, Internal Wall, Cavity Wall, Floor), Building Type (Residential, Non-residential) - Global Forecast to 2022

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/insulation-coatings-market.asp

Visit Our Website: https://www.marketsandmarkets.com

SOURCE MarketsandMarkets