Pune, India -- (SBWIRE) -- 03/20/2018 -- Segmentation

The Global Thermal Insulation Coating Market is categorized on the basis of type, end use industry, and region. On the basis of type, the market is bifurcated into acrylic, epoxy, polyurethane, yttria stabilized zirconia and others. Based on end use, this product finds its application in aviation, transportation, construction, and other industrial, purposes. On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Key Players

Some of the prominent players operating in the Global Thermal Insulation Coating Market are PPG Industries, Inc. (U.S.), The Sherwin-Williams Company (U.S.), The Dow Chemical Company (U.S.), Akzo Nobel N.V. (the Netherlands), Kansai Paint Co., Ltd. (Japan), Jotun (Norway), Nippon Paint Holdings Co., Ltd. (Japan), Carboline Company (U.S.), Sharpshell Industrial Solutions (South Africa), and Mascoat (U.S.), among others.

The major regions in the Global Thermal Insulation Coating Market are Asia Pacific, North America, and Europe. Other regions are Latin America and the Middle East & Africa. Among the major regions, Asia Pacific is the largest shareholder in terms of size of the Global Thermal Insulation Coating Market. It holds more than 45% of market size of the Global Acrylic Protective Coating Market. China and India are leading markets in the region. The developing countries in this region are rapidly taking up the infrastructure development activities, which is the main driver of growth in the regional market.

Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/4821

Necessity of lodging for the expanding populace is the major driver of this market in the forecast period. In addition to the public investment in physical infrastructure, there is a growing demand for Thermal Insulation Coating in petrochemical plants in this region. Apart from construction industry, the automobile industry is also flourishing in this region. India and Japan are pulling in maximum demand of thermal insulation coating for established automobile industry in these countries. The emerging economies namely, India, Myanmar, and Indonesia are heavily investing in marine industry, wherein there is a growing demand of the product due to its resistance to chemicals and salt water.

North America is following Asia Pacific in terms of market size of the global Thermal Insulation Coating Market. The U.S. and Canada are holding major share in the regional Thermal Insulation Coating Market. The developed economies in this region are taking up the aerospace industry to further develop its exterior protection from critical climatic conditions in a bid achieve safer transport. This, in turn, is driving the demand of Thermal Insulation Coating forward in this region. Apart from aviation industry the second most significant industry in this region is automobile and transportation. Europe is another significant region in the Global Thermal Insulation Coating Market owing to the presence of major end use industries such as automotive and other miscellaneous industries. The use of thermal insulation coating to reduce heat loss in large automotive engines is the main driver of market in this region. Germany, France, and Italy are the major contributors in the regional Thermal Insulation Coating Market. Increasing standard of living of people around the world is responsible for the growing demand of automobiles. This factor may help the regional Thermal Insulation Coating Market to grow further. In the Middle East, climatic temperature variations in day and night is high in this region allowing the Thermal Insulation Market to grow higher in the forecast period. Latin America is anticipated to gain momentum during the forecast period due to the steady rise in industrialization coupled with reviving economic condition of Brazil and Argentina.

Get Complete Report @ https://www.marketresearchfuture.com/reports/thermal-insulation-coating-market-4821