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Europe Thermal Insulation Coating Market Size, Share & Trends Analysis Report By Product (Acrylic, Polyurethanes, Epoxy, Yttria-Stabilized Zirconia (YSZ), and Other Products), By Application, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 139 Pages
  • November 2024
  • Region: Europe
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6032945
The Europe Thermal Insulation Coating Market is expected to witness market growth of 6.3% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 566.11 kilo tonnes, showcasing a growth of 25.5% (2020-2024).

Polyurethane coatings offer superior flexibility and abrasion resistance, making them popular in the automotive and transportation industries. As fuel efficiency standards grow stricter, automotive manufacturers increasingly employ polyurethane coatings for thermal insulation and durability. The demand for lightweight insulation materials to enhance vehicle performance and fuel efficiency is accelerating polyurethane adoption. Therefore, in Germany, 54.99 kilo tonnes of Polyurethane thermal coatings is expected to be utilized by the year 2031.



The Germany market dominated the Europe Thermal Insulation Coating Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $835.9 million by 2031. The UK market is exhibiting a CAGR of 5.4% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 7.2% during 2024-2031.

Governments are enforcing stricter environmental regulations aimed at reducing energy consumption and carbon emissions, which is driving industries to adopt energy-efficient technologies, including thermal insulation coatings. In Europe, for example, the European Union's Green Deal sets ambitious goals for carbon neutrality by 2050, encouraging industries to adopt energy-saving solutions. Thermal insulation coatings play a crucial role in helping industries, especially in the construction and manufacturing sectors, comply with these regulations.

The potential for cost savings and return on investment (ROI) is another factor that drives the adoption of thermal insulation coatings. While the initial cost of applying these coatings can be significant, the long-term savings from reduced energy consumption and lower maintenance costs make them an attractive option for businesses. In industrial settings, the use of thermal insulation coatings helps prevent overheating of equipment, which can lead to costly repairs or replacements. Additionally, these coatings protect equipment from corrosion and wear, extending their lifespan and reducing the need for frequent maintenance. In the building sector, the application of thermal coatings results in lower energy bills due to reduced heating and cooling requirements, offering a fast ROI.

Italy’s automotive sector, renowned for its luxury and performance vehicles, is increasingly adopting thermal insulation coatings to improve the energy efficiency of both traditional and electric vehicles. Italy’s push towards electric mobility is evident through initiatives such as the "Strategia Nazionale per la Mobilità Sostenibile" (National Strategy for Sustainable Mobility), which aims to increase the number of electric vehicles (EVs) on the road and promote cleaner transportation methods. Thermal insulation coatings are essential for ensuring the longevity and efficiency of EV batteries and reducing heat buildup in high-performance engines.

Italy’s automotive manufacturers, such as Fiat Chrysler Automobiles (FCA), are integrating energy-efficient technologies into their production lines to align with EU-wide environmental standards, such as the European Union's Green Deal and the Carbon Border Adjustment Mechanism (CBAM). As electric vehicles and hybrid cars become more prevalent, the demand for thermal coatings in Italy is expected to grow, driven by both regulatory pressures and the need for technological advancements. Hence, the region will present lucrative growth opportunities for the growth of the market.

List of Key Companies Profiled

  • Evonik Industries AG
  • Cabot Corporation
  • The Dow Chemical Company
  • Nippon Paint Holdings Co., Ltd.
  • Akzo Nobel N.V.
  • PPG Industries, Inc.
  • The Sherwin-Williams Company
  • Kansai Paint Co., Ltd.
  • Sika AG
  • BASF SE

Market Report Segmentation

By Product (Volume, Kilo Tonnes, USD Billion, 2020-2031)

  • Acrylic
  • Polyurethanes
  • Epoxy
  • Yttria-Stabilized Zirconia (YSZ)
  • Other Products

By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)

  • Manufacturing
  • Building & Construction
  • Automotive & Transportation
  • Aerospace & Defense
  • Other Applications

By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Thermal Insulation Coating Market, by Product
1.4.2 Europe Thermal Insulation Coating Market, by Application
1.4.3 Europe Thermal Insulation Coating Market, by Country
1.5 Methodology for the Research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Europe Thermal Insulation Coating Market by Product
4.1 Europe Acrylic Market by Country
4.2 Europe Polyurethanes Market by Country
4.3 Europe Epoxy Market by Country
4.4 Europe Yttria-Stabilized Zirconia (YSZ) Market by Country
4.5 Europe Other Products Market by Country
Chapter 5. Europe Thermal Insulation Coating Market by Application
5.1 Europe Manufacturing Market by Country
5.2 Europe Building & Construction Market by Country
5.3 Europe Automotive & Transportation Market by Country
5.4 Europe Aerospace & Defense Market by Country
5.5 Europe Other Applications Market by Country
Chapter 6. Europe Thermal Insulation Coating Market by Country
6.1 Germany Thermal Insulation Coating Market
6.1.1 Germany Thermal Insulation Coating Market by Product
6.1.2 Germany Thermal Insulation Coating Market by Application
6.2 UK Thermal Insulation Coating Market
6.2.1 UK Thermal Insulation Coating Market by Product
6.2.2 UK Thermal Insulation Coating Market by Application
6.3 France Thermal Insulation Coating Market
6.3.1 France Thermal Insulation Coating Market by Product
6.3.2 France Thermal Insulation Coating Market by Application
6.4 Russia Thermal Insulation Coating Market
6.4.1 Russia Thermal Insulation Coating Market by Product
6.4.2 Russia Thermal Insulation Coating Market by Application
6.5 Spain Thermal Insulation Coating Market
6.5.1 Spain Thermal Insulation Coating Market by Product
6.5.2 Spain Thermal Insulation Coating Market by Application
6.6 Italy Thermal Insulation Coating Market
6.6.1 Italy Thermal Insulation Coating Market by Product
6.6.2 Italy Thermal Insulation Coating Market by Application
6.7 Rest of Europe Thermal Insulation Coating Market
6.7.1 Rest of Europe Thermal Insulation Coating Market by Product
6.7.2 Rest of Europe Thermal Insulation Coating Market by Application
Chapter 7. Company Profiles
7.1 Evonik Industries AG (RAG-Stiftung)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 SWOT Analysis
7.2 Cabot Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.3 The Dow Chemical Company
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 SWOT Analysis
7.4 Nippon Paint Holdings Co., Ltd.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.1 SWOT Analysis
7.5 Akzo Nobel N.V.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 SWOT Analysis
7.6 PPG Industries, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 SWOT Analysis
7.7 The Sherwin-Williams Company
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental Analysis
7.7.4 Research & Development Expenses
7.7.5 SWOT Analysis
7.8 Kansai Paint Co., Ltd.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Regional Analysis
7.8.4 Research & Development Expenses
7.8.5 SWOT Analysis
7.9 Sika AG
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expenses
7.9.5 SWOT Analysis
7.10. BASF SE
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expense
7.10.5 SWOT Analysis

Companies Mentioned

  • Evonik Industries AG
  • Cabot Corporation
  • The Dow Chemical Company
  • Nippon Paint Holdings Co., Ltd.
  • Akzo Nobel N.V.
  • PPG Industries, Inc.
  • The Sherwin-Williams Company
  • Kansai Paint Co., Ltd.
  • Sika AG
  • BASF SE

Methodology

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