Global Thermal Insulation Coating Market to Reach US$ 12.98 Billion by 2027, Propelled by the Increasing Adoption of Thermal Insulation Coatings in the Automotive Industry

December 08, 2022

The latest report by IMARC, titled “Thermal Insulation Coating Market: Global Industry Trends, Share, Size, Growth, opportunity and Forecast 2022-2027”, finds that the global thermal insulation coating market size reached US$ 8.74 Billion in 2021. Thermal insulation coating refers to a liquid or semi-liquid suitable for application to a surface. It dries or cures while forming a protective finish and providing resistance to heat flow. This coating minimizes the rate of heat transferring from a room through a surface or substrate. It is applied by airless spraying to prevent various containers or structures from being exposed to moisture and extremely low or high temperatures. It minimized corrosion-under-insulation (CUI) by insulating and preventing corrosion on tanks, pipelines, ovens, processing vessels, and heat exchangers. It is widely used in refineries, tank farms, and other industrial facilities to withstand depressions, refineries, and hurricanes. In recent years, thermal insulation coating has gained momentum as it is extensively used in numerous industry verticals, including construction, manufacturing, automotive, defense, and aerospace.

Global Thermal Insulation Coating Market Trends:

One of the primary factors driving the market is the increasing adoption of thermal insulation coatings in the automotive industry to minimize heat loss from components of the engine exhaust systems, including downpipes, exhaust manifolds, exhaust headers, tailpipes, and turbocharger enclosures. Additionally, thermal insulation coatings are widely used in the manufacturing sector as they save energy, improve quality, and lower equipment operating costs, thus creating a positive market outlook. Other than this, this product is also used in the marine industry to resist the degradation and corrosion of numerous parts of ships. Besides this, the demand for acrylic thermal insulation coatings in various industries on account of their high tensile strength, clarity for transparency, and low cost is propelling the market growth. Furthermore, key players are extensively investing in research and development (R&D) activities to launch nanotechnology-based thermal insulation coatings and provide high thermal resistance and strength with lower thickness. Looking forward, IMARC Group expects the market value to reach US$ 12.98 Billion by 2027, expanding at a CAGR of 6.60% during the forecast period (2022-2027).

Market Summary:

  • Based on the product, the market has been divided into acrylic, epoxy, polyurethane, yttria stabilized zirconia (YSZ), and mullite.
  • On the basis of the application, the market has been segmented into building and construction, automotive and transportation, aerospace and defense, manufacturing, and others.
  • Region-wise, the market has been classified into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has also been analyzed, with some of the key players being Akzo Nobel N.V., Carboline Company, The Dow Chemical Company (Dow Inc.), Evonik Industries AG (RAG-Stiftung), Grand Polycoats Company Private Limited, Jotun, Kansai Paint Co. Ltd., Mascoat, Nippon Paint Holdings Co. Ltd., and Sika AG.
     

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
30 N Gould St, Ste 
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Global Thermal Insulation Coating Market to Reach US$ 12.98 Billion by 2027, Propelled by the Increasing Adoption of Thermal Insulation Coatings in the Automotive Industry
Select Licence Type



Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More