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Thursday, July 30, 2020
Insulation Coating Materials Market worth $12.5 billion by 2023
The report “Insulation Coating Materials Market by Type (Acrylic, Epoxy, Polyurethane, YSZ, and Mullite), End-Use Industry (Aerospace, Automotive, Marine, Industrial, Building & Construction), and Region - Global Forecast to 2023”, The insulation coating materials market size is estimated at USD 8.7 billion in 2018 and is projected to reach USD 12.5 billion by 2023, at a CAGR of 7.5% between 2018 and 2023. The increasingly stringent policies at workplace and increase in shipbuilding activities are expected to drive the insulation coating materials market.
In July 2018, AkzoNobel opened a new coatings facility in Kenya with warehousing for the company’s marine, protective, and powder coatings. This expansion will act as a gateway for the company to the entire East Africa.
In June 2017, The Sherwin-Williams Company acquired Valspar Corporation (US). According to Valspar, shareholders received USD 113 per share in cash. This has helped the company strengthen its brand portfolio and expand its product range and global footprint.
In July 2017, PPG acquired The Crown Group, a US-based coatings application services business, from High Road Capital Partners and Charter Oak Capital Partners. This acquisition will enhance PPG’s ability to cater to its customers, including OEM.
♠ Primary Research -
The insulation coating materials market comprises several stakeholders such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of the construction, marine deck, aerospace, industrial, and automotive industries. The supply side is characterized by advancements in technology. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
What are your views on the growth prospects of the insulation coating materials market? What is the current scenario and how will it change in the future?
What is the estimated demand for insulation coating materials? Which type is used the most in the manufacturing of the same?
How are regulations affecting the insulation coating materials market? What are the different regulations that need to be followed in different regions?
What are the upcoming technologies/product areas that will have a significant impact on the market in the future?
What is the average price range for the different types of resins used in making of insulation coating materials? Does the pricing differ on the basis of end-use industry?
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