APAC is estimated to account for the largest market share during the forecast period.
Northbrook, IL — (SBWIRE) — 01/25/2022 — The report “Insulation Coatings Market by Type (Acrylic, Polyurethane, Epoxy, Mullite, YSZ), End-Use Industry (Industrial, Building, and Construction, Aerospace, Automotive, Marine), and Region (North America, South America, Europe, APAC, MEA) – Global Forecast to 2025″ The insulation coatings market is estimated to be USD 8.5 billion in 2020 and is projected to reach USD 11.3 billion by 2025, at a CAGR of 5.8 % between 2020 to 2025. The insulation coatings market is driven by the protection of equipment, pipelines, and other components from harsh environments to make them energy efficient.
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=26484290
Acrylic-based insulation coating type is estimated to be the largest type of insulation coatings material
Acrylic-based insulation coatings are waterborne coatings and account for the largest share in the overall Insulation coatings market. Acrylic-based insulation coatings are the ideal replacement for traditional insulation materials and are used because of their ease of maintenance and ability to prevent CUI. These coatings can be applied with user-friendly spray equipment and are suitable for temperature applications of up to 150oC. Water-based acrylic Insulation coatings can operate up to 177oC.
Industrial sector: the fastest-growing end-use industry for insulation coatings
By end-use industry, the insulation coatings market is classified into five main end-use industry, namely industrial, building and construction, aerospace, automotive, marine, and others. Industrial is the largest end-use industry for insulation coatings. In the industrial sector, insulation coating is majorly used for thermal insulation. These coatings are expected to prevent heat-related injuries in the workplace. The reduced dissipation of heat from industrial machinery maintains a suitable temperature at the workplace for workers. Thermal coating also helps in maintaining chemicals at a specific temperature. Electrical insulation coating helps in increasing design flexibility and raising the safety levels at the workplace.
Don’t miss out on business opportunities in Insulation Coatings Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=26484290
Browse in-depth TOC on “Insulation Coatings Market”
192 – Market Data Tables
31 – Figures
170 – Pages
APAC is estimated to be the largest market for insulation coatings and is also projected to register the fastest CAGR of 6.9% during the forecast period. China is expected to account for the largest share of the market in APAC till 2025. The growing industrial activities, investment in end use industry of insulation material and labor costs in these countries are the main drivers for insulation coatings market.
The key companies profiled in the insulation coatings market research report are AkzoNobel (Netherland), PPG Industries (United States), Sherwin-Williams Company (United States), Kansai (Japan), Jotun (Norway), Nippon Paint (Japan), Mascoat (Texas), Carboline (US), Sharp shell Industries (US), Axalta Coating System (US).
Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=26484290
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com
For more information on this press release visit: http://www.sbwire.com/press-releases/insulation-coatings-market-worth-113-billion-by-2025-exclusive-report-by-marketsandmarketstm-1352361.htm
Media Relations Contact
Email: Click to Email Amish Keswani