Overview of the global thermal insulation coating market
According to Technavio’s research analysis, the rising demand for thermal insulation coating in automotive sector will be one of the major factors that will have a positive impact on the global thermal insulation coating market during the forecast period. One of the primary end-users of the thermal insulation coating is the automotive industry. Thermal insulation is increasingly used on engine compartments, roofs, floors, and underbody of the automobiles and is likely to raise its demand in the coming years. Moreover, the increase in temperature of batteries, sensors, and starter motors can disrupt their functionality in the automobiles, thermal insulation coating is used to prevent the heat from exhaust reaching these components. The engine performance effectively increases with the use of thermal insulation coating. This will increase the need for thermal insulation in the automotive industry. Our market research analysts predict that this market will grow at a CAGR of more than 7% by 2021.
APAC will be the major revenue contributor of the thermal insulation coating market throughout the forecast period. The rising need for thermal insulation from industries such as manufacturing, automotive and transportation, and building and construction from India, China, Japan, Indonesia, and the Philippines will drive the thermal insulation coating market in APAC.
Competitive landscape and key vendors
The thermal insulation coating market consists of many global and regional vendors. The key players in this market are concentrating on M&A activities to remain competitive in the market. The competition in the thermal insulation coating market is expected to increase during the forecast period due to the rise in R&D activities based on technology and product development. The key vendors in this market compete in terms of price, economies of scale, operational cost, product quality, and innovation. The applications such as heat insulation coating in the manufacturing industries will also drive the heat insulation coating market during the forecast period.
The leading vendors in the market are –
- Akzo Nobel
- Jotun
- PPG Industries
- The Dow Chemical Company
- The Sherwin-Williams Company
The other prominent vendors in the market are Cabot, Carboline, Grand Polycoats, KANSAI PAINT, The Bayou Companies, Mascoat, Nippon Paint, Sharpshell Industrial Solutions, Superior Products International, Synavax, and Tenaris.
Segmentation by product and analysis of the thermal insulation coating market
- YSZ
- Acylic
- Epoxy
- Polyurethane
- Mullite
During 2016, the YSZ segment accounted for the major shares of the thermal insulation coating market. Factors such as the high compatibility for high temperature and corrosive environments and increased usage in diesel and gas turbine engines will contribute to the growth of this industry segment in the coming years.
Segmentation by application and analysis of the thermal insulation coating market
- Manufacturing
- Building and construction
- Automotive and transportation
- Aerospace and defense
According to this market research report, the manufacturing segment will account for the maximum share of the thermal insulation coating market until 2021. The utilization of thermal insulation coatings in furnaces, ovens, kilns, and boilers in the manufacturing industries for improved energy efficiency and heat insulation will drive the growth of the market in this segment.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global thermal insulation coating market?
- What are the key market trends impacting the growth of the global thermal insulation coating market?
- What are the challenges to market growth?
- Who are the key vendors in the global thermal insulation coating market?
- What are the market opportunities and threats faced by the vendors in the global thermal insulation coating market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global thermal insulation coating market?
Technavio also offers customization on reports based on specific client requirement.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
- Market ecosystem
- Market segmentation analysis
PART 06: MARKET SIZING
- Market sizing 2016
- Market size and forecast
PART 07: FIVE FORCES ANALYSIS
PART 08: MARKET SEGMENTATION BY APPLICATION
- Segmentation by application
- Comparison by application
- Global thermal insulation coating market by manufacturing
- Global thermal insulation coating market by automotive and transportation
- Global thermal insulation coating market by building and construction
- Global thermal insulation coating market by aerospace and defense
- Global thermal insulation coating market by others
- Market opportunity by application
PART 09: MARKET SEGMENTATION BY PRODUCT
- Segmentation by product
- Comparison by product
- Global thermal insulation coating market by YSZ
- Global thermal insulation coating market by acrylic
- Global thermal insulation coating market by epoxy
- Global thermal insulation coating market by polyurethane
- Global thermal insulation coating market by mullite
- Market opportunity by product
PART 10: REGIONAL LANDSCAPE
- Geographical segmentation
- Regional comparison
- Thermal insulation coating market in APAC
- Thermal insulation coating market in EMEA
- Thermal insulation coating market in Americas
- Market opportunity
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 13: MARKET TRENDS
- Increase in R&D activities
- Rising demand for green building
- Growing investment in defense industry
PART 14: VENDOR LANDSCAPE
- Competitive scenario
- Key market vendors
- Other prominent vendors
PART 15: VENDOR ANALYSIS
- Akzo Nobel
- Jotun
- PPG Industries
- The Dow Chemical Company
- The Sherwin-Williams Company
PART 16: APPENDIX