AP NEWS
Press release content from BusinessWire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from BusinessWire
Press release content from BusinessWire. The AP news staff was not involved in its creation.

Insulation Coating Materials Markets to 2023 - Developments in Emerging Markets Presents Lucrative Opportunities - ResearchAndMarkets.com

February 4, 2019

DUBLIN--(BUSINESS WIRE)--Feb 4, 2019--The “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 has been added to ResearchAndMarkets.com’s offering.

The insulation coating materials market 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 insulation coating materials market is driven by various factors, including increasing demand from end users due to its properties such as energy savings and prevention of corrosion. Lower thermal efficiency as compared with traditional insulation coatings and the high price of coating formulations are the restraints for the market.

The insulation coating materials market is expected to witness the highest growth in the marine end-use industry 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.

The mullite segment is expected to register the highest CAGR in the insulation coating materials market during the forecast period

The mullite-based insulation coating materials have low density, high thermal stability, and can be used in severe chemical environments. Mullite is an important ceramic material because of its low density, high thermal stability, stability in severe chemical environments, low thermal conductivity and favorable strength, and creep behavior.

Mullite is much more oxygen-resistant than YSZ. In diesel engine applications, where the temperature variations across the coating are large, mullite is an excellent option, and this trend is expected to drive the market.

APAC is expected to register the highest growth rate during the forecast period

APAC is one of the most promising markets for insulation coating materials, due to the increase in investments in China, India, and other Southeast Asian countries. The demand for insulation coatings is increasing in the oil & gas, chemical, and power industries.

The APAC region is witnessing the industrial growth, which in turn, will fuel the demand for insulation coatings in the region. Growing innovation and development and rising demand in the industrial sector for improved products is directly affecting the increase in the use of insulation coating materials.

Market Dynamics

Drivers

Energy Savings Prevention of Corrosion Under Insulation (CUI) Stringent Regulatory Policies

Restraints

Low Thermal Efficiency Relatively Higher Price of Coating Formulations

Opportunities

Developments in Emerging Markets

Challenges

Competition With Traditional Insulation Materials Changing Product Specifications in High Heat Applications

Topics Covered

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.4 Currency

1.5 Unit Considered

1.6 Limitations

1.7 Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Market Size Estimation

2.3 Data Triangulation

2.4 Assumptions

3 Executive Summary

4 Premium Insights

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

5.1 Introduction

5.2 Market Dynamics

5.3 Porter’s Five Forces Analysis

6 Insulation Coating Materials Market, By Type

6.1 Introduction

6.2 Acrylic

6.3 Epoxy

6.4 Polyurethane

6.5 Yttria Stabilized Zirconia

6.6 Mullite

6.7 Others

7 Insulation Coating Materials Market, By End-Use Industry

7.1 Introduction

7.2 Aerospace

7.3 Automotive

7.4 Marine

7.5 Building & Construction

7.6 Industrial

7.7 Others

8 Insulation Coating Materials Market, By Region

8.1 Introduction

8.2 North America

8.3 APAC

8.4 Europe

8.5 Middle East & Africa

8.6 South America

9 Competitive Landscape

9.1 Introduction

9.2 Competitive Scenario

10 Competitive Leadership Mapping, Insulation Coating Materials Market

10.1 Visionary Leaders

10.2 Innovators

10.3 Dynamic Differentiators

10.4 Emerging Companies

11 Company Profiles

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

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 .

For more information about this report visit https://www.researchandmarkets.com/research/b5b866/insulation?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190204005387/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Insulation ,Paints and Coatings

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 02/04/2019 08:19 AM/DISC: 02/04/2019 08:19 AM

http://www.businesswire.com/news/home/20190204005387/en

All contents © copyright 2019 The Associated Press.All rights reserved.