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Thermal Insulation Coating Market Size, Share & Trends Analysis Report by Product (Acrylic, Epoxy, Polyurethane, YSZ, Mullite), Application (Building & Construction, Manufacturing), Region, and Segment Forecasts, 2025-2030

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    Report

  • 100 Pages
  • October 2024
  • Region: Global
  • Grand View Research
  • ID: 6024635
Description Jump to:
The global thermal insulation coating market size is expected to reach USD 15.29 billion by 2030, registering a CAGR of 6.6% from 2025 to 2030. Developments in manufacturing & industrial sector are projected to impact demand positively. Thermal insulation coatings lessen the heat loss in various equipment, thus improving their performance and reducing the overall maintenance cost.

Favorable government regulations and initiatives to strengthen the manufacturing industry, such as the provisions for subsidy, increasing foreign investments and trade promotion are projected to augment product demand over the forecast period. Some of the initiatives are Belt and Road initiative in China, Make in India initiative by the Indian government, and Buy American Hire American initiative in the U.S, etc.

Increased demand for the products which are capable of working in high-temperatures in both cyclic and isothermal models is anticipated to foster usage in the manufacturing sector. New product launches have enabled consumers to pick application specific product from a wide range of options. The widening of product distribution channels has also made these products readily available to the users, thus acting as a driving force for the growth of this market.

Thermal Insulation Coating Market Report Highlights

  • Yttria-Stabilized Zirconia (YSZ) led the market with a revenue share of 33.6% in 2024, attributed to its outstanding thermal resistance and durability in extreme temperatures.
  • Epoxy coatings are expected to grow at the fastest CAGR of 8.5% over the forecast period. Epoxy coatings exhibit exceptional durability and enhanced dimensional stability, making them ideal for construction and manufacturing applications.
  • The manufacturing segment dominated with a revenue share of 31.6% in 2024. Stringent energy efficiency regulations compel industries to implement thermal insulation solutions to reduce heat loss and improve operational efficiency.
  • The automotive & transportation segment is projected to grow at the fastest CAGR of 7.0% over the forecast period.
  • Asia Pacific thermal insulation coating market dominated the global market with a revenue share of 33.7% in 2024. Robust investments in construction and infrastructure projects are propelling the demand for energy-efficient solutions.

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments
  • Competitive Landscape: Explore the market presence of key players worldwide
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets

The leading players in the Thermal Insulation Coating market include:

  • Evonik Industries AG
  • Mascoat
  • Carboline
  • Nippon Paint Holdings Co., Ltd.
  • Akzo Nobel N.V.
  • PPG Industries, Inc.
  • The Sherwin-Williams Company
  • Kansai Paint Co., Ltd.
  • Grand Polycoats Company Pvt. Ltd.
  • Sika AG


This product will be delivered within 1-3 business days.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Insights
2.2. Segmental Outlook
2.3. Competitive Outlook
Chapter 3. Thermal Insulation Coating Market Variables, Trends & Scope
3.1. Global Thermal Insulation Coating Market Outlook
3.2. Industry Value Chain Analysis
3.3. Technology Overview
3.4. Average Price Trend Analysis
3.5. Supply-Demand GAP Analysis, 2024
3.6. Regulatory Framework
3.6.1. Policies and Incentive Plans
3.6.2. Standards and Compliances
3.6.3. Regulatory Impact Analysis
3.7. Market Dynamics
3.7.1. Market Driver Analysis
3.7.2. Market Restraint Analysis
3.7.3. Industry Challenges
3.8. Porter’s Five Forces Analysis
3.8.1. Supplier Power
3.8.2. Buyer Power
3.8.3. Substitution Threat
3.8.4. Threat from New Entrant
3.8.5. Competitive Rivalry
3.9. PESTEL Analysis
3.9.1. Political Landscape
3.9.2. Economic Landscape
3.9.3. Social Landscape
3.9.4. Technological Landscape
3.9.5. Environmental Landscape
3.9.6. Legal Landscape
Chapter 4. Thermal Insulation Coating Market: Product Outlook Estimates & Forecasts
4.1. Thermal Insulation Coating Market: Form Movement Analysis, 2024 & 2030
4.1.1. Acrylic
4.1.1.1. Acrylic Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
4.1.2. Epoxy
4.1.2.1. Epoxy Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
4.1.3. Polyurethane
4.1.3.1. Polyurethane Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
4.1.4. YSZ
4.1.4.1. YSZ Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
4.1.5. Mullite
4.1.5.1. Mullite Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 5. Thermal Insulation Coating Market: Application Outlook Estimates & Forecasts
5.1. Thermal Insulation Coating Market: Application Movement Analysis, 2024 & 2030
5.1.1. Building & Construction
5.1.1.1. Building & Construction Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
5.1.2. Automotive & Transportation
5.1.2.1. Automotive & Transportation Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
5.1.3. Aerospace & Defense
5.1.3.1. Aerospace & Defense Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
5.1.4. Manufacturing
5.1.4.1. Manufacturing Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
5.1.5. Others
5.1.5.1. Others Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 6. Thermal Insulation Coating Market Regional Outlook Estimates & Forecasts
6.1. Regional Snapshot
6.2. Thermal Insulation Coating Market: Regional Movement Analysis, 2024 & 2030
6.3. North America
6.3.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
6.3.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
6.3.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
6.3.4. U.S.
6.3.4.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
6.3.4.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
6.3.4.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
6.3.5. Canada
6.3.5.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
6.3.5.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
6.3.5.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
6.3.6. Mexico
6.3.6.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
6.3.6.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
6.3.6.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
6.4. Europe
6.4.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
6.4.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
6.4.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
6.4.4. UK
6.4.4.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
6.4.4.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
6.4.4.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
6.4.5. Germany
6.4.5.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
6.4.5.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
6.4.5.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
6.4.6. France
6.4.6.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
6.4.6.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
6.4.6.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
6.5. Asia Pacific
6.5.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
6.5.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
6.5.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
6.5.4. China
6.5.4.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
6.5.4.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
6.5.4.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
6.5.5. India
6.5.5.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
6.5.5.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
6.5.5.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
6.5.6. Japan
6.5.6.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
6.5.6.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
6.5.6.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
6.6. Latin America
6.6.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
6.6.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
6.6.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
6.6.4. Brazil
6.6.4.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
6.6.4.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
6.6.4.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
6.7. Middle East & Africa
6.7.1. Market Estimates And Forecast, 2018 - 2030 (USD Million) (Kilotons)
6.7.2. Market Estimates And Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
6.7.3. Market Estimates And Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Vendor Landscape
7.2.1. Company categorization
7.2.2. List of Key Distributors and channel Partners
7.2.3. List of Potential Customers/End Users
7.3. Competitive Dynamics
7.3.1. Competitive Benchmarking
7.3.2. Strategy Mapping
7.3.3. Heat Map Analysis
7.4. Company Profiles/Listing
7.4.1. Evonik Industries AG
7.4.1.1. Participant’s Overview
7.4.1.2. Financial Performance
7.4.1.3. Product Benchmarking
7.4.1.4. Strategic Initiatives
7.4.2. Mascoat
7.4.2.1. Participant’s Overview
7.4.2.2. Financial Performance
7.4.2.3. Product Benchmarking
7.4.2.4. Strategic Initiatives
7.4.3. Carboline
7.4.3.1. Participant’s Overview
7.4.3.2. Financial Performance
7.4.3.3. Product Benchmarking
7.4.3.4. Strategic Initiatives
7.4.4. Nippon Paint Holdings Co., Ltd.
7.4.4.1. Participant’s Overview
7.4.4.2. Financial Performance
7.4.4.3. Product Benchmarking
7.4.4.4. Strategic Initiatives
7.4.5. Akzo Nobel N.V.
7.4.5.1. Participant’s Overview
7.4.5.2. Financial Performance
7.4.5.3. Product Benchmarking
7.4.5.4. Strategic Initiatives
7.4.6. PPG Industries, Inc.
7.4.6.1. Participant’s Overview
7.4.6.2. Financial Performance
7.4.6.3. Product Benchmarking
7.4.6.4. Strategic Initiatives
7.4.7. The Sherwin-Williams Company
7.4.7.1. Participant’s Overview
7.4.7.2. Financial Performance
7.4.7.3. Product Benchmarking
7.4.7.4. Strategic Initiatives
7.4.8. Kansai Paint Co., Ltd.
7.4.8.1. Participant’s Overview
7.4.8.2. Financial Performance
7.4.8.3. Product Benchmarking
7.4.8.4. Strategic Initiatives
7.4.9. Grand Polycoats Company Pvt. Ltd.
7.4.9.1. Participant’s Overview
7.4.9.2. Financial Performance
7.4.9.3. Product Benchmarking
7.4.9.4. Strategic Initiatives
7.4.10. Sika AG
7.4.10.1. Participant’s Overview
7.4.10.2. Financial Performance
7.4.10.3. Product Benchmarking
7.4.10.4. Strategic Initiatives
List of Tables
Table 1 List of abbreviations
Table 2 Thermal insulation coating market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
Table 3 Thermal insulation coating market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
Table 4 Thermal insulation coating market estimates and forecasts, by region, 2018 - 2030 (Kilotons) (USD Million)
Table 5 North America thermal insulation coating market estimates and forecasts, by country, 2018 - 2030 (USD Million) (Kilotons)
Table 6 North America thermal insulation coating market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
Table 7 North America thermal insulation coating market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 8 U.S. thermal insulation coating market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
Table 9 U.S. thermal insulation coating market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 10 Canada thermal insulation coating market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
Table 11 Canada thermal insulation coating market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 12 Mexico thermal insulation coating market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
Table 13 Mexico thermal insulation coating market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 14 Europe thermal insulation coating market estimates and forecasts, by country, 2018 - 2030 (USD Million) (Kilotons)
Table 15 Europe thermal insulation coating market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
Table 16 Europe thermal insulation coating market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 17 UK thermal insulation coating market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
Table 18 UK thermal insulation coating market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 19 Germany thermal insulation coating market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
Table 20 Germany thermal insulation coating market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 21 France thermal insulation coating market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
Table 22 France thermal insulation coating market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 23 Asia Pacific thermal insulation coating market estimates and forecasts, by country, 2018 - 2030 (USD Million) (Kilotons)
Table 24 Asia Pacific thermal insulation coating market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
Table 25 Asia Pacific thermal insulation coating market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 26 China thermal insulation coating market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
Table 27 China thermal insulation coating market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 28 India thermal insulation coating market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
Table 29 India thermal insulation coating market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 30 Japan thermal insulation coating market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
Table 31 Japan thermal insulation coating market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 32 Latin America thermal insulation coating market estimates and forecasts, by country, 2018 - 2030 (USD Million) (Kilotons)
Table 33 Latin America thermal insulation coating market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
Table 34 Latin America thermal insulation coating market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 35 Brazil thermal insulation coating market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
Table 36 Brazil thermal insulation coating market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Table 37 Middle East & Africa thermal insulation coating market estimates and forecasts, by country, 2018 - 2030 (USD Million) (Kilotons)
Table 38 Middle East & Africa thermal insulation coating market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
Table 39 Middle East & Africa thermal insulation coating market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
List of Figures
Fig. 1 Market segmentation
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation and validation
Fig. 5 Market snapshot
Fig. 6 Segmental outlook- Plastic application, product, and application
Fig. 7 Competitive outlook
Fig. 8 Value chain analysis
Fig. 9 Market dynamics
Fig. 10 Porter’s analysis
Fig. 11 PESTEL analysis
Fig. 12 Thermal insulation coating market, by product: Key takeaways
Fig. 13 Thermal insulation coating market, by product: Market share, 2024 & 2030
Fig. 14 Acrylic market, 2018 - 2030 (USD Million)
Fig. 15 Epoxy market, 2018 - 2030 (USD Million)
Fig. 16 Polyurethane market, 2018 - 2030 (USD Million)
Fig. 17 YSZ market, 2018 - 2030 (USD Million)
Fig. 18 Mullite market, 2018 - 2030 (USD Million)
Fig. 19 Thermal insulation coating market, by application: Key takeaways
Fig. 20 Thermal insulation coating market, by application: Market share, 2024 & 2030
Fig. 21 Building & construction market, 2018 - 2030 (USD Million)
Fig. 22 Automotive & transportation market, 2018 - 2030 (USD Million)
Fig. 23 Aerospace & defense market, 2018 - 2030 (USD Million)
Fig. 24 Manufacturing market, 2018 - 2030 (USD Million)
Fig. 25 Others market, 2018 - 2030 (USD Million)
Fig. 26 Thermal insulation coating market, by region: Key takeaways
Fig. 27 Thermal insulation coating market, by region: Market share, 2024 & 2030
Fig. 28 North America thermal insulation coating market, 2018 - 2030 (USD Million)
Fig. 29 U.S. thermal insulation coating market, 2018 - 2030 (USD Million)
Fig. 30 Mexico thermal insulation coating market, 2018 - 2030 (USD Million)
Fig. 31 Canada thermal insulation coating market, 2018 - 2030 (USD Million)
Fig. 32 Europe thermal insulation coating market, 2018 - 2030 (USD Million)
Fig. 33 UK thermal insulation coating market, 2018 - 2030 (USD Million)
Fig. 34 Germany thermal insulation coating market, 2018 - 2030 (USD Million)
Fig. 35 France thermal insulation coating market, 2018 - 2030 (USD Million)
Fig. 36 Asia Pacific thermal insulation coating market, 2018 - 2030 (USD Million)
Fig. 37 China thermal insulation coating market, 2018 - 2030 (USD Million)
Fig. 38 India thermal insulation coating market, 2018 - 2030 (USD Million)
Fig. 39 Japan thermal insulation coating market, 2018 - 2030 (USD Million)
Fig. 40 Latin America thermal insulation coating market, 2018 - 2030 (USD Million)
Fig. 41 Brazil thermal insulation coating market, 2018 - 2030 (USD Million)
Fig. 42 MEA thermal insulation coating market, 2018 - 2030 (USD Million)

Companies Mentioned

  • Evonik Industries AG
  • Mascoat
  • Carboline
  • Nippon Paint Holdings Co., Ltd.
  • Akzo Nobel N.V.
  • PPG Industries, Inc.
  • The Sherwin-Williams Company
  • Kansai Paint Co., Ltd.
  • Grand Polycoats Company Pvt. Ltd.
  • Sika AG

Methodology

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Table Information

Report AttributeDetails
No. of Pages100
PublishedOctober 2024
Forecast Period2024 - 2030
Estimated Market Value ( USD ) in 2024 $ 10.45 Billion
Forecasted Market Value ( USD ) by 2030 $ 15.29 Billion
Compound Annual Growth Rate6.6%
Regions CoveredGlobal
No. of Companies Mentioned10

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