iCrowdNewswire Feb 15, 2021 9:00 AM ET
Insulation paints and coatings are defined as the paints and coatings product with an additional advantage of the thermal insulation. They have low thermal conductivity thus insulation surfaces are inefficient to transfer the heat. This Property provides great advantages for different residential, industrial, and commercial applications. Insulating paints & coatings material has a high radiant head reflectivity and provides protection from extreme heat at the surfaces which are exposed to the sun for long time.
The rise in adoption for insulating paints and coatings in various end-use industries including manufacturing, building and construction which involves industrial building, residential building, and commercial buildings which are expected to boost the global insulating paints and coatings market growth over the forecast period. Furthermore, the increase in adoption of these products in the marine and aerospace industry will positively influence the market growth. Also, the growing energy consumptions across the world has led to increasing regulations, related to energy efficiency which is expected to fuel the demand for insulating paints and coatings in various end-use industries. High energy consumption by commercial & residential buildings is responsible for high carbon emissions which causes the greenhouse effect. Insulation paints and coating products are used to reduce the energy consumption and minimize the level of carbon emissions.
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The high cost of insulating paints & coatings material is a major restraint which expected to hamper the global insulating paints & coatings market growth during this forecast period.
The Global Insulating Paints and Coatings Market is segmented into type such as Acrylic, Polyurethane, Epoxy, Mullite, and Yttria Stabilized Zirconia, by base type such as Water-based, Powder Coating, and Solvent-Based. Further, market is segmented into end user such as Aerospace, Marine, Automotive Building & Construction, and Manufacturing.
Also, the Global Insulating Paints and Coatings Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as AKZO NOBEL, Nippon Paints, PPG Industries Inc, Berger Paints India Limited, Kansai Paints Co Ltd, Asian Paints, The Sherwin Willams, etc.
- Yttria Stabilized Zirconia
By Base Type
- Powder Coating
By End User
- Building & Construction
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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