Transparency Market Research

Global Insulation Coatings Market Insights by Size, Status and Forecast 2026: TMR

 

Albany, NY -- (SBWIRE) -- 11/06/2018 -- Insulation is a material designed to prevent heat or sound from being emitted. It is usually used to keep heat and sound in or out of a house, or to be confused with certain parts of the house. Insulation is used in different ways; millions of tiny pockets of air. Increase in energy consumption is a challenge for various countries. Energy used in commercial and residential accounts for about 30% of total national consumption. This energy is responsible for more than 25% of total carbon dioxide emissions in the environment, causing the greenhouse effect and adding to the global temperature rise. In order to reduce carbon emission, manufacturers are able to lower energy consumption. These materials are called insulation coatings. Insulation coatings possess unique characteristics. Insulation Coatings offers high thermal and low thermal conductivity, reflects infrared rays, and provides protection.

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Global Insulation Coatings Market: Key Segments

Based on product type, the insulation coatings can be segmented into acrylic, epoxy, polyurethane, and others. Acrylic insulation is expected to dominate the insulation coatings market due to its nature and easy application properties. Furthermore, it possesses properties as high tensile strength, light weight, and low cost over other substitutes. Thus, Insulation Coatings is ideal for usage in various industries. Epoxies are used in the construction industry because of high resistance to abrasion, UV light, and heat; and durability. Rise in demand for green buildings is projected to create high growth potential for the epoxy segment during the forecast period.

In terms of end-use industry, the insulation coatings can be divided into automotive, construction & building, aerospace, marine, industrial, and others. Expansion into the marine segment is anticipated to propel the insulation coatings market during the forecast period. Insulation Coatings can be ascribed to the protection of polychlorinated biphenyls (PCBs), which function in harsh chemical environments. The construction & building segment thus accounts for free share volatile organic compounds (VOCs). Thus, insulation coatings are suitable for energy-efficient buildings and indoor air quality improvement.

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Global Insulation Coatings Market: Key Players

Prominent players in the global insulation coatings market are AKZO NOBEL, PPG Industries Inc., The Sherwin-Williams Company, and The Dow Chemical Company