Global Thermal Insulation Coatings Market Demand & Forecast Analysis, 2016-2032

Executive Summary : - 

Thermal Insulation coatings are applied to different surfaces to form a protective finishing and provide resistance to heat. It has low conductivity towards heat which reduces heat loss in various equipments, thus improving their performance. Five different types of coatings have a decent growth in market - Acrylic, Epoxy, Polyurethane, Mullite and Yttria Stabilized Zirconia (YSZ). The ceramic topcoat which creates the largest thermal gradient is usually composed of YSZ and also protects the lower layers. Developments in manufacturing, automobile, industrial sectors and nanotechnology are expected to influence the market positively. Moreover, increase in demand from aerospace, defense, marine and transportation will also support the growth of thermal insulation coatings. Increasing production of automobiles in Asia-Pacific region has driven the thermal insulation coatings market globally and will continue to drive its demand till 2025. Other major regions such as North America and Western Europe are expected to grow at steady pace. The need of energy efficient equipments with improved performance and low operating cost are the major driving factors for the market.