Insulation Paint and Coating Market
Insulation Paint and Coating Market Study by Acrylic, Epoxy, Polyurethane, Alkyd, and YSZ for Pharmaceuticals, Building & Construction, F&B, Manufacturing, Oil & Gas, and Automotive from 2024 to 2034
Analysis of Insulation Paint and Coating Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Insulation Paint and Coating Market Outlook (2024 to 2034)
The global insulation paint and coating market size is set to achieve a valuation of US$ 4.7 billion in 2024 and then expand at a CAGR of 5.8% to climb to US$ 8.3 billion by the end of 2034.
Insulation paints and coatings are applied on the surface for protection and also to reduce heat transfer from the object. Generally, coatings and paints are applied to the exterior and interior of buildings to provide thermal insulation to them, which is of vital importance.
Insulation coatings and paints also have corrosion inhibitor properties, and therefore, have industrial applications where they are applied on pipes, equipment, machines, and plants. Apart from energy cost reduction, these components also reduce heat energy transfer.
| Report Attributes | Details |
|---|---|
| Insulation Paint and Coating Market Size (2023A) | US$ 4.4 Billion |
| Estimated Market Value (2024E) | US$ 4.7 Billion |
| Forecasted Market Value (2034F) | US$ 8.3 Billion |
| Global Market Growth Rate (2024 to 2034) | 5.8% CAGR |
| North America Market Share (2024E) | 28.6% |
| East Asia Market Share (2024E) | 36.5% |
| Key Companies Profiled |
|
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Consumption Analysis of Insulation Paints and Coatings (2019 to 2023) vs. Market Projections (2024 to 2034)
Over the 2019 to 2023 historical period, the global insulation paint and coating market registered a CAGR of 4.6%, according to Fact.MR, a market research and competitive intelligence provider. The market has been forecasted to exhibit growth at 5.8% CAGR between 2024 and 2034.
Earlier, the main purpose of insulation paints and coatings was to expand the lifespan of pipelines that were used in the petrochemical industry by protecting the pipe’s surface. Gradually, paints started being used in the automotive industry for aesthetic looks.
- Short Term (2024 to 2027): Growing use of insulation paints and coatings expected in the industrial and construction sectors. New product development will widen the scope of applicability. New insulation paints and coatings will be used on trucks and trains meant for refrigerated transportation to improve energy efficiency.
- Medium Term (2027 to 2030): Customers preferences will keep changing constantly. Demand for multi-purpose coatings and paints will rise. Manufacturers should integrate features such as anti-bacterial, anti-microbial, nano-coating, and self-healing paints and coatings to cater to changing customer expectations. New technological advancements will take place in application methods. Printing robots will be used easy, errorless, and waste-free paints in different industries.
- Long Term (2030 to 2034): There is always a risk of chemical leaching into the environment, which can cause environmental and health hazards. This rising concern will lead prominent companies to adopt green chemistry, also called sustainable chemistry. Companies will focus more on volatile organic compounds, waste minimization, and enhancement of process efficiency.
What is Set to Increase Consumption of Insulation Paints and Coatings?
“Rising Energy Consumption and Growing Construction Sectors"
Insulation coatings used during construction upgrade buildings by increasing energy efficiency and reducing the operational cost of the building. Insulation on walls prevent heat gain or loss through the building, which reduces the cooling expenses of residents.
- According to the U.S. Department of Energy’s Building Technologies Office (BTO), commercial and residential buildings accounted for 40% of total energy consumption in 2022.
Main uses of electricity are space heating, space lightening, and space cooling, which can be managed with the help of insulation paints and coatings for buildings.
- According to a recent report published by Oxford Economics, the global construction industry will grow up to US$ 4.2 trillion at the end of 2037.
- The International Energy Agency estimates that around 30% of global energy consumption was done by operations of buildings in 2022.
As such, growing construction sector along with rising energy consumption will be favorable insulation paint and coating market trends over the next decade.
“Extensive Benefits in Electronics, Automotive, and Petrochemical Industries”
Several industries are acknowledging the features of insulation paints and coats for their benefits. Insulating coatings withstand severe environments that cause the corrosion of metal. Insulation coatings strengthen the structural integrity of pipelines and equipment used in the chemical industry.
Furthermore, insulation paints are being used on trains and cars for refrigerated transportation. These coatings are used on buses to reduce cost of energy use and to improve comfort. Additionally, the water-repellant feature of insulation paints offers stability in a humid atmosphere. As such, it is used for heat protection in shipping containers.
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What are the Challenges to Insulation Paint and Coating Market Growth?
“Stringent Government Regulations Governing the Industry”
Volatile organic compounds (VOC) are emitted from paints and coatings, which are hazardous air pollutants. These can cause numerous health issues such as headaches, nervous system damage, cancer, eye irritation, nausea, and kidney damage. These compounds can also contaminate groundwater.
- According to the Chinese Ministry of Finance, in 2016, a 4% tax was enforced on ready-to-spray VOC coatings, which exceeds the 420g/L limit.
- Additionally, the European Union has 'Paint Directives', which aim to limit VOC content in paints.
Such government measures are detrimental to demand growth for insulation paints and coatings.
Country-wise Insights
Will the United States be a Lucrative Market for Insulation Paint and Coating Manufacturers?
“Rising Use of Insulation Coatings in Electrical Gadgets and EV Vehicles”
The United States market has been forecasted to expand at a CAGR of 6.2% over the projected period to reach a valuation of US$ 970 million by 2034.
Insulation coatings are electricity leak-proof, which prevents electric shock accidents due to electrical leakage. Insulation coatings are mainly being used to insulate high-voltage products such as motors, batteries, and printed circuit boards in the United States. As a result, they have huge applicability in electrical gadgets and EV vehicles.
- According to a study by the Consumer Technology Association in 2022, US$ 505 billion revenue will be generated by the U.S. consumer technology industry each year in the years ahead. Also, electric bike shipments were pegged at a market value if US$ 6 billion in 2022.
This huge demand for automobiles has pushed manufacturers to increase their productivity. To reduce accidents and improve safety, manufacturers are replying on insulating coatings, which is driving market expansion in the country.
Why is There High Demand for Insulation Paints and Coatings in China?
“Substantial Use of Insulation Coatings in Manufacturing Sector”
East Asia accounts for a leading insulation paint and coating market share, with the market in China estimated to be valued at US$ 982.4 million in 2024 and forecasted to expand at a CAGR of 6.4% to reach US$ 1.8 billion by 2034.
In China, insulation paints and coatings have industrial applications where plants and machinery are involved in the manufacturing of products. Insulation coatings are highly demanded for their anti-corrosive properties; they are fire retardant as they withstand fire and high temperatures for longer periods. These properties enhance to safety of industrial plants, which make these paints and coatings attractive for manufacturers in several industries in China.
- Also, according to China's State of Council Information Office, China’s industrial segment accounted for 33.2% of the GDP of the country in 2022.
This increasing industrialization will drive up the demand for thermal insulation paints and coatings in the country over the years ahead.
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Category-wise Insights
Why are Water-Based Insulation Paints So Popular?
“Advantages of Water-Based Insulation Coating, Promoting Environmental Compliance and Applicability”
The water-based insulation paint and coating market is estimated to be valued at US$ 1.76 billion in 2024 and expand at a CAGR of 6.2% to reach US$ 3.23 billion by 2034-end.
Thermal insulation coatings are named after the binder from which they are made. Also, there are other elements present in coatings such as additives, which help them dissolve in liquid easily to improve their applicability. Water-based coatings use water for application. Also, they are less hazardous than solvent- and powder-based coatings. Environmental compliance is another key reason for its major share in overall insulation paint and coating sales. Less amount of volatile organic compounds (VOC) are appreciated from an environmental point of view since water-based coatings have zero VOCs in them.
Due to the various advantages of water-based coatings, they account for 37.3% market share.
Competitive Landscape
Key players in the insulation paint and coating market are Akzo Nobel N.V., PPG Industries Inc., The Sherwin-Williams Company, Nippon Paint Holdings Co. Ltd., Kansai Paint Co. Ltd., Jotun Group, Hy-Tech Thermal Solutions, Highland International, Okitsumo Inc., and Nissin Sangyo Co. Ltd.
World’s leading manufacturers of insulation paints and coatings are focusing on improving thermal insulation performance. Some market players are acquiring other businesses to expand their market reach and share. Huge investments are being made in emerging technologies by investors.
- In February 2024, Kansai Helios took over Weilburger to acquire the whole industrial business and expand its reach in the U.S., China, France, Italy, Germany, Turkey, Brazil, and India.
- In June 2023, AkzoNobel launched the industry’s first powder coating with an openly available online energy saving calculator for customers, which instantly calculates the carbon and energy reduction done after using the company's product.
- In October 2023, Sherwin-Williams launched Heat-Flex® 7000, a thermal insulation coating system that offers personal protection, solar heat reflectivity, and insulating capabilities for industrial applications.
Fact.MR has provided detailed information about the price points of key manufacturers of insulation paints and coatings positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Insulation Paint and Coating Market Research
-
By Type :
- Acrylic
- Epoxy
- Polyurethane
- Alkyd
- YSZ
-
By Base Type :
- Water-Based
- Solvent-Based
- Powder Coatings
-
By End Use :
- Pharmaceuticals
- Building & Construction
- Food & Beverages
- Manufacturing
- Oil & Gas
- Automotive
- Others (Textiles, Electronics, etc.)
-
By Region :
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Western Europe
- Eastern Europe
- Middle East & Africa
Table of Content
1. Market- Executive Summary 2. Market Overview 2.1. Market Definition and Introduction 2.2. Market Taxonomy/ Research Scope 3. Market Background and Foundation Data 3.1. Painting: End Use Mapping 3.2. Growth & Development Pattern in the Painting Market 3.3. Global Insulation Paint and Coating: Apparent Production & Consumption Analysis 3.3.1. Production Capacity (Tons) 3.3.1.1. By Key Regions 3.3.1.2. By Key Companies 3.3.2. Consumption Statistics 3.3.3. Apparent Trade Analysis 3.4. Market Opportunity Assessment 3.4.1. Total Available Market (US$ million) 3.4.2. Serviceable Addressable Market (US$ million) 3.4.3. Serviceable Obtainable Market (US$ million) 3.5. Market Dynamics 3.5.1. Market Growth Drivers 3.5.2. Market Restraints 3.5.3. Market Opportunity 3.5.4. Market Trends 3.6. Industry Value and Supply Chain Analysis 3.6.1. Value Added at Each Node of Supply Chain 3.6.2. Gross Profitability Margins (at Every Level) 3.6.3. List of Key Participants 3.6.3.1. List of Raw Type Manufacturers/Suppliers 3.6.3.2. List of Key Manufacturers 3.6.3.3. List of Distributors 3.6.3.4. List of End-users 3.7. Forecast and Macro-Economic Factors - Relevance and Impact 3.8. PESTLE Analysis 3.9. Porter’s Five Force Analysis 3.10. Investment Feasibility Analysis 3.11. Key Success Factors 4. Global Demand (Tons) Analysis and Forecast 4.1. Historical Market Volume (Tons) Analysis, 2019-2023 4.2. Current and Future Market Volume (Tons) Projections, 2024-2034 4.3. Y-o-Y Volume Growth Trend Analysis 5. Global Market- Pricing Analysis 5.1. Type and Country-Level Pricing Analysis 5.2. Global Average Pricing Analysis Benchmark 5.3. Factors Influencing Pricing 6. Global Market Value (US$ million) Analysis and Forecast 6.1. Historical Market Value (US$ million) Analysis, 2019-2023 6.2. Current and Future Market Value (US$ million) Projections, 2024-2034 6.2.1. Y-o-Y Growth Trend Analysis 6.2.2. Absolute $ Opportunity Analysis 6.3. Market Attractiveness Analysis By Base Type 7. Global Market Analysis and Forecast, By Type 7.1. Introduction / Key Findings 7.2. Historical Market Size (US$ million) and Volume (Tons) Analysis By Type, 2019-2023 7.3. Current and Future Market Size (US$ million) Analysis and Volume (Tons) Forecast By Type, 2024-2034 7.3.1. Acrylic 7.3.2. Epoxy 7.3.3. Polyurethane 7.3.4. Alkyd 7.3.5. YSZ 7.4. Market Attractiveness Analysis By Type 8. Global Market Analysis and Forecast, By Base Type 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ million) and Volume (Tons) Analysis By Base Type, 2019-2023 8.3. Current and Future Market Size (US$ million) Analysis and Volume (Tons) Forecast By Base Type, 2024-2034 8.3.1. Water Based 8.3.2. Solvent Based 8.3.3. Powder Coating 8.4. Market Attractiveness Analysis By Base Type 9. Global Market Analysis and Forecast, By End Use 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ million) and Volume (Tons) Analysis By End Use, 2019-2023 9.3. Current and Future Market Size (US$ million) Analysis and Volume (Tons) Forecast By End Use, 2024-2034 9.3.1. Pharmaceutical 9.3.2. Building & Construction 9.3.3. Food & Beverages 9.3.4. Manufacturing 9.3.5. Oil & Gas 9.3.6. Automotive 9.3.7. Others (textile, electronics, etc.) 9.4. Market Attractiveness Analysis By End Use 10. Global Market Analysis and Forecast, By Region 10.1. Introduction 10.2. Historical Market Size (US$ million) and Volume (Tons) Analysis By Region, 2019-2023 10.3. Current Market Size (US$ million) Analysis and Volume (Tons) Forecast By Region, 2024-2034 10.3.1. North America 10.3.2. Latin America 10.3.3. East Asia 10.3.4. South Asia & Pacific 10.3.5. Western Europe 10.3.6. Eastern Europe 10.3.7. Middle East & Africa 10.4. Market Attractiveness Analysis By Region 11. North America Market Analysis and Forecast 11.1. Introduction / Key Findings 11.2. Pricing Analysis 11.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2019-2023 11.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2024-2034 11.4.1. By Country 11.4.1.1. U.S. 11.4.1.2. Canada 11.4.2. By Type 11.4.3. By Base Type 11.4.4. By End Use 11.5. Market Attractiveness Analysis 11.5.1. By Base Type 12. Latin America Market Analysis and Forecast 12.1. Introduction / Key Findings 12.2. Pricing Analysis 12.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2019-2023 12.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2024-2034 12.4.1. By Country 12.4.1.1. Brazil 12.4.1.2. Mexico 12.4.1.3. Argentina 12.4.1.4. Rest of Latin America 12.4.2. By Type 12.4.3. By Base Type 12.4.4. By End Use 12.5. Market Attractiveness Analysis 12.5.1. By Country 12.5.2. By Type 12.5.3. By Base Type 12.5.4. By End Use 12.6. Market Attractiveness Analysis 12.6.1. By Country 12.6.2. By Type 12.6.3. By Base Type 12.6.4. By End Use 13. East Asia Market Analysis and Forecast 13.1. Introduction / Key Findings 13.2. Pricing Analysis 13.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2019-2023 13.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2024-2034 13.4.1. By Country 13.4.1.1. China 13.4.1.2. Japan 13.4.1.3. South Korea 13.4.2. By Base Type 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Type 13.5.3. By Base Type 13.5.4. By End Use 14. South Asia & Pacific Market Analysis and Forecast 14.1. Introduction / Key Findings 14.2. Pricing Analysis 14.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2019-2023 14.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2024-2034 14.4.1. By Country 14.4.1.1. India 14.4.1.2. Thailand 14.4.1.3. Indonesia 14.4.1.4. Malaysia 14.4.1.5. Australia & New Zealand 14.4.1.6. Rest of South Asia & Pacific 14.4.2. By Type 14.4.3. By Base Type 14.4.4. By End Use 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Type 14.5.3. By Base Type 14.5.4. By End Use 15. Western Europe Market Analysis and Forecast 15.1. Introduction / Key Findings 15.2. Pricing Analysis 15.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2019-2023 15.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2024-2034 15.4.1. By Country 15.4.1.1. Germany 15.4.1.2. Italy 15.4.1.3. France 15.4.1.4. U.K. 15.4.1.5. Spain 15.4.1.6. BENELUX 15.4.1.7. Nordic 15.4.1.8. Rest of Western Europe 15.4.2. By Type 15.4.3. By Base Type 15.4.4. By End Use 16. Eastern Europe Market Analysis and Forecast 16.1. Introduction / Key Findings 16.2. Pricing Analysis 16.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2019-2023 16.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2024-2034 16.4.1. By Country 16.4.1.1. Russia 16.4.1.2. Hungary 16.4.1.3. Poland 16.4.1.4. Balkan & Baltics 16.4.1.5. Rest of Eastern Europe 16.4.2. By Type 16.4.3. By Base Type 16.4.4. By End Use 17. Middle East & Africa Market Analysis and Forecast 17.1. Introduction / Key Findings 17.2. Pricing Analysis 17.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2019-2023 17.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2024-2034 17.4.1. By Country 17.4.1.1. GCC Countries 17.4.1.2. South Africa 17.4.1.3. Northern Africa 17.4.1.4. Turkiye 17.4.1.5. Rest of Middle East & Africa 17.4.2. By Type 17.4.3. By Base Type 17.4.4. By End Use 17.5. Market Attractiveness Analysis 17.5.1. By Country 17.5.2. By Type 17.5.3. By Base Type 17.5.4. By End Use 18. Country-level Market Analysis and Forecast 18.1. Introduction / Key Findings 18.1.1. Market Value Proportion Analysis, By Key Countries 18.1.2. Global Vs. Country Growth Comparison 18.2. US Market Analysis 18.2.1. Value Proportion Analysis by Market Taxonomy 18.2.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2019-2034 18.2.2.1. By Type 18.2.2.2. By Base Type 18.2.2.3. By End Use 18.3. Canada Market Analysis 18.3.1. Value Proportion Analysis by Market Taxonomy 18.3.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2019-2034 18.3.2.1. By Type 18.3.2.2. By Base Type 18.3.2.3. By End Use 18.4. Brazil Market Analysis 18.4.1. Value Proportion Analysis by Market Taxonomy 18.4.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2019-2034 18.4.2.1. By Type 18.4.2.2. By Base Type 18.4.2.3. By End Use 18.5. Mexico Market Analysis 18.5.1. Value Proportion Analysis by Market Taxonomy 18.5.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2019-2034 18.5.2.1. By Type 18.5.2.2. By Base Type 18.5.2.3. By End Use 18.6. Argentina Market Analysis 18.6.1. Value Proportion Analysis by Market Taxonomy 18.6.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2019-2034 18.6.2.1. By Type 18.6.2.2. By Base Type 18.6.2.3. By End Use 18.7. Germany Market Analysis 18.7.1. Value Proportion Analysis by Market Taxonomy 18.7.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2019-2034 18.7.2.1. By Type 18.7.2.2. By Base Type 18.7.2.3. By End Use 18.8. France Market Analysis 18.8.1. Value Proportion Analysis by Market Taxonomy 18.8.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2019-2034 18.8.2.1. By Type 18.8.2.2. By Base Type 18.8.2.3. By End Use 18.9. Italy Market Analysis 18.9.1. Value Proportion Analysis by Market Taxonomy 18.9.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2019-2034 18.9.2.1. By Type 18.9.2.2. By Base Type 18.9.2.3. By End Use 18.10. Spain Market Analysis 18.10.1. Value Proportion Analysis by Market Taxonomy 18.10.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2019-2034 18.10.2.1. By Type 18.10.2.2. By Base Type 18.10.2.3. By End Use 18.11. BENELUX Market Analysis 18.11.1. Value Proportion Analysis by Market Taxonomy 18.11.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2019-2034 18.11.2.1. By Type 18.11.2.2. By Base Type 18.11.2.3. By End Use 18.12. Russia Market Analysis 18.12.1. Value Proportion Analysis by Market Taxonomy 18.12.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2019-2034 18.12.2.1. By Type 18.12.2.2. By Base Type 18.12.2.3. By End Use 18.13. U.K. Market Analysis 18.13.1. Value Proportion Analysis by Market Taxonomy 18.13.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2019-2034 18.13.2.1. By Type 18.13.2.2. By Base Type 18.13.2.3. By End Use 18.14. China Market Analysis 18.14.1. Value Proportion Analysis by Market Taxonomy 18.14.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2019-2034 18.14.2.1. By Type 18.14.2.2. By Base Type 18.14.2.3. By End Use 18.15. Japan Market Analysis 18.15.1. Value Proportion Analysis by Market Taxonomy 18.15.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2019-2034 18.15.2.1. By Type 18.15.2.2. By Base Type 18.15.2.3. By End Use 18.16. South Korea Market Analysis 18.16.1. Value Proportion Analysis by Market Taxonomy 18.16.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2019-2034 18.16.2.1. By Type 18.16.2.2. By Base Type 18.16.2.3. By End Use 18.17. India Market Analysis 18.17.1. Value Proportion Analysis by Market Taxonomy 18.17.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2019-2034 18.17.2.1. By Type 18.17.2.2. By Base Type 18.17.2.3. By End Use 18.18. ASEAN Countries Market Analysis 18.18.1. Value Proportion Analysis by Market Taxonomy 18.18.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2019-2034 18.18.2.1. By Type 18.18.2.2. By Base Type 18.18.2.3. By End Use 18.19. Australia Market Analysis 18.19.1. Value Proportion Analysis by Market Taxonomy 18.19.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2019-2034 18.19.2.1. By Type 18.19.2.2. By Base Type 18.19.2.3. By End Use 18.20. GCC Countries Market Analysis 18.20.1. Value Proportion Analysis by Market Taxonomy 18.20.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2019-2034 18.20.2.1. By Type 18.20.2.2. By Base Type 18.20.2.3. By End Use 18.21. Turkiye Market Analysis 18.21.1. Value Proportion Analysis by Market Taxonomy 18.21.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2019-2034 18.21.2.1. By Type 18.21.2.2. By Base Type 18.21.2.3. By End Use 18.22. South Africa Market Analysis 18.22.1. Value Proportion Analysis by Market Taxonomy 18.22.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2019-2034 18.22.2.1. By Type 18.22.2.2. By Base Type 18.22.2.3. By End Use 19. Market Structure Analysis 19.1. Market Analysis by Tier of Companies 19.2. Market Concentration of Players 19.3. Market Share Analysis of Top Players 19.4. Market Presence Analysis 20. Competition Analysis 20.1. Competition Dashboard 20.2. Competition Benchmarking 20.3. Competition Deep Dive: 20.3.1. Akzo Nobel N.V. 20.3.1.1. Overview 20.3.1.2. Product Portfolio 20.3.1.3. Key Financials 20.3.1.4. Sales Footprint 20.3.1.5. SWOT Analysis 20.3.1.6. Key Developments 20.3.1.7. Strategy Overview 20.3.2. PPG Industries Inc. 20.3.2.1. Overview 20.3.2.2. Product Portfolio 20.3.2.3. Key Financials 20.3.2.4. Sales Footprint 20.3.2.5. SWOT Analysis 20.3.2.6. Key Developments 20.3.2.7. Strategy Overview 20.3.3. The Sherwin-Williams Company 20.3.3.1. Overview 20.3.3.2. Product Portfolio 20.3.3.3. Key Financials 20.3.3.4. Sales Footprint 20.3.3.5. SWOT Analysis 20.3.3.6. Key Developments 20.3.3.7. Strategy Overview 20.3.4. Nippon Paint 20.3.4.1. Overview 20.3.4.2. Product Portfolio 20.3.4.3. Key Financials 20.3.4.4. Sales Footprint 20.3.4.5. SWOT Analysis 20.3.4.6. Key Developments 20.3.4.7. Strategy Overview 20.3.5. Hoildings Co.Ltd. 20.3.5.1. Overview 20.3.5.2. Product Portfolio 20.3.5.3. Key Financials 20.3.5.4. Sales Footprint 20.3.5.5. SWOT Analysis 20.3.5.6. Key Developments 20.3.5.7. Strategy Overview 20.3.6. Kansai Paint Co.Ltd 20.3.6.1. Overview 20.3.6.2. Product Portfolio 20.3.6.3. Key Financials 20.3.6.4. Sales Footprint 20.3.6.5. SWOT Analysis 20.3.6.6. Key Developments 20.3.6.7. Strategy Overview 20.3.7. Jotun Group 20.3.7.1. Overview 20.3.7.2. Product Portfolio 20.3.7.3. Key Financials 20.3.7.4. Sales Footprint 20.3.7.5. SWOT Analysis 20.3.7.6. Key Developments 20.3.7.7. Strategy Overview 20.3.8. Hy-Tech Thermal Solutions 20.3.8.1. Overview 20.3.8.2. Product Portfolio 20.3.8.3. Key Financials 20.3.8.4. Sales Footprint 20.3.8.5. SWOT Analysis 20.3.8.6. Key Developments 20.3.8.7. Strategy Overview 20.3.9. Highland International 20.3.9.1. Overview 20.3.9.2. Product Portfolio 20.3.9.3. Key Financials 20.3.9.4. Sales Footprint 20.3.9.5. SWOT Analysis 20.3.9.6. Key Developments 20.3.9.7. Strategy Overview 20.3.10. Okitsumo Inc. 20.3.10.1. Overview 20.3.10.2. Product Portfolio 20.3.10.3. Key Financials 20.3.10.4. Sales Footprint 20.3.10.5. SWOT Analysis 20.3.10.6. Key Developments 20.3.10.7. Strategy Overview 20.3.11. Nissin Sangyo Co. Ltd. 20.3.11.1. Overview 20.3.11.2. Product Portfolio 20.3.11.3. Key Financials 20.3.11.4. Sales Footprint 20.3.11.5. SWOT Analysis 20.3.11.6. Key Developments 20.3.11.7. Strategy Overview 20.3.12. Other Players 20.3.12.1. Overview 20.3.12.2. Product Portfolio 20.3.12.3. Key Financials 20.3.12.4. Sales Footprint 20.3.12.5. SWOT Analysis 20.3.12.6. Key Developments 20.3.12.7. Strategy Overview 21. Assumptions & Acronyms Used 22. Research Methodology
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List Of Table
Table 01. Global Market Value (US$ million) by Region, 2019-2023
Table 02. Global Market Value (US$ million) and Forecast by Region, 2024-2034
Table 03. Global Market Volume (Tons) by Region, 2019-2023
Table 04. Global Market Volume (Tons) and Forecast by Region, 2024-2034
Table 05. Global Market Value (US$ million) By Base Type, 2019-2023
Table 06. Global Market Value (US$ million) and Forecast By Base Type, 2024-2034
Table 07. Global Market Volume (Tons) By Base Type, 2019-2023
Table 08. Global Market Volume (Tons) and Forecast By Base Type, 2024-2034
Table 09. North America Market Value (US$ million) by Country, 2019-2023
Table 10. North America Market Value (US$ million) and Forecast by Country, 2024-2034
Table 11. North America Market Volume (Tons) by Country, 2019-2023
Table 12. North America Market Volume (Tons) and Forecast by Country, 2024-2034
Table 13. North America Market Value (US$ million) By Base Type, 2019-2023
Table 14. North America Market Value (US$ million) and Forecast By Base Type, 2024-2034
Table 15. North America Market Volume (Tons) By Base Type, 2019-2023
Table 16. North America Market Volume (Tons) and Forecast By Base Type, 2024-2034
Table 17. Latin America Market Value (US$ million) by Country, 2019-2023
Table 18. Latin America Market Value (US$ million) and Forecast by Country, 2024-2034
Table 19. Latin America Market Volume (Tons) by Country, 2019-2023
Table 20. Latin America Market Volume (Tons) and Forecast by Country, 2024-2034
Table 21. Latin America Market Value (US$ million) By Base Type, 2019-2023
Table 22. Latin America Market Value (US$ million) and Forecast By Base Type, 2024-2034
Table 23. Latin America Market Volume (Tons) By Base Type, 2019-2023
Table 24. Latin America Market Volume (Tons) and Forecast By Base Type, 2024-2034
Table 25. Europe Market Value (US$ million) by Country, 2019-2023
Table 26. Europe Market Value (US$ million) and Forecast by Country, 2024-2034
Table 27. Europe Market Volume (Tons) by Country, 2019-2023
Table 28. Europe Market Volume (Tons) and Forecast by Country, 2024-2034
Table 29. Europe Market Value (US$ million) By Base Type, 2019-2023
Table 30. Europe Market Value (US$ million) and Forecast By Base Type, 2024-2034
Table 31. Europe Market Volume (Tons) By Base Type, 2019-2023
Table 32. Europe Market Volume (Tons) and Forecast By Base Type, 2024-2034
Table 33. East Asia Market Value (US$ million) by Country, 2019-2023
Table 34. East Asia Market Value (US$ million) and Forecast by Country, 2024-2034
Table 35. East Asia Market Volume (Tons) by Country, 2019-2023
Table 36. East Asia Market Volume (Tons) and Forecast by Country, 2024-2034
Table 37. East Asia Market Value (US$ million) By Base Type, 2019-2023
Table 38. East Asia Market Value (US$ million) and Forecast By Base Type, 2024-2034
Table 39. East Asia Market Volume (Tons) By Base Type, 2019-2023
Table 40. East Asia Market Volume (Tons) and Forecast By Base Type, 2024-2034
Table 41. South Asia & Pacific Market Value (US$ million) by Country, 2019-2023
Table 42. South Asia & Pacific Market Value (US$ million) and Forecast by Country, 2024-2034
Table 43. South Asia & Pacific Market Volume (Tons) by Country, 2019-2023
Table 44. South Asia & Pacific Market Volume (Tons) and Forecast by Country, 2024-2034
Table 45. South Asia & Pacific Market Value (US$ million) By Base Type, 2019-2023
Table 46. South Asia & Pacific Market Value (US$ million) and Forecast By Base Type, 2024-2034
Table 47. South Asia & Pacific Market Volume (Tons) By Base Type, 2019-2023
Table 48. South Asia & Pacific Market Volume (Tons) and Forecast By Base Type, 2024-2034
Table 49. MEA Market Value (US$ million) by Country, 2019-2023
Table 50. MEA Market Value (US$ million) and Forecast by Country, 2024-2034
Table 51. MEA Market Volume (Tons) by Country, 2019-2023
Table 52. MEA Market Volume (Tons) and Forecast by Country, 2024-2034
Table 53. MEA Market Value (US$ million) By Base Type, 2019-2023
Table 54. MEA Market Value (US$ million) and Forecast By Base Type, 2024-2034
Table 55. MEA Market Volume (Tons) By Base Type, 2019-2023
Table 56. MEA Market Volume (Tons) and Forecast By Base Type, 2024-2034
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List Of Figures
Figure 01 : Global Market Volume (Tons) and Value (US$ Mn) Analysis, 2019, 2024 and 2034
Figure 02 : Global Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2024-2034
Figure 03 : Global Market Value Y-o-Y Growth and Forecast, 2024-2034
Figure 04 : Global Market Incremental $ Opportunity, 2024-2034
Figure 05 : Global Market Share Analysis By Base Type - 2024 & 2034
Figure 06 : Global Market Y-o-Y Growth Projections By Base Type, 2024-2034
Figure 07 : Global Market attractiveness analysis By Base Type, 2024-2034
Figure 08 : Global Market Share by Region - 2024 & 2034
Figure 09 : Global Market Y-o-Y Growth Projections by Region, 2024-2034
Figure 10 : Global Market Attractiveness Index by Region, 2024-2034
Figure 11 : North America Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019-2023
Figure 12 : North America Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2024-2034
Figure 13 : North America Market Share Analysis By Base Type - 2024 & 2034
Figure 14 : North America Market Y-o-Y Growth Projections By Base Type, 2024-2034
Figure 15 : North America Market attractiveness analysis By Base Type, 2024-2034
Figure 16 : North America Market Share Analysis by Region, 2024 & 2034
Figure 17 : North America Market Y-o-Y Growth Projection by Region, 2024 - 2034
Figure 18 : North America Market Attractiveness Analysis by Region, 2024-2034
Figure 19 : Latin America Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019-2023
Figure 20 : Latin America Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2024-2034
Figure 21 : Latin America Market Share Analysis By Base Type - 2024 & 2034
Figure 22 : Latin America Market Y-o-Y Growth Projections By Base Type, 2024-2034
Figure 23 : Latin America Market attractiveness analysis By Base Type, 2024-2034
Figure 24 : Latin America Market Share Analysis by Country, 2024 & 2034
Figure 25 : Latin America Market Y-o-Y Growth Projection by Country, 2024 - 2034
Figure 26 : Latin America Market Attractiveness Analysis by Country, 2024-2034
Figure 27 : Europe Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019-2023
Figure 28 : Europe Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2024-2034
Figure 29 : Europe Market Share Analysis By Base Type - 2024 & 2034
Figure 30 : Europe Market attractiveness analysis By Base Type, 2024-2034
Figure 31 : Europe Market Share Analysis by Country, 2024 & 2034
Figure 32 : Europe Market Y-o-Y Growth Projection by Country, 2024 - 2034
Figure 33 : Europe Market Attractiveness Analysis by Country, 2024-2034
Figure 34 : East Asia Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019-2023
Figure 35 : East Asia Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2024-2034
Figure 36 : East Asia Market Share Analysis By Base Type - 2024 & 2034
Figure 37 : East Asia Market Y-o-Y Growth Projections By Base Type, 2019-2034
Figure 38 : East Asia Market attractiveness analysis By Base Type, 2024-2034
Figure 39 : East Asia Market Share Analysis by Country, 2024 & 2034
Figure 40 : East Asia Market Y-o-Y Growth Projection by Country, 2024 - 2034
Figure 41 : East Asia Market Attractiveness Analysis by Country, 2024-2034
Figure 42 : South Asia & Pacific Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019-2023
Figure 43 : South Asia & Pacific Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2024-2034
Figure 44 : South Asia & Pacific Market Share Analysis By Base Type - 2024 & 2034
Figure 45 : South Asia & Pacific Market Y-o-Y Growth Projections By Base Type, 2019-2034
Figure 46 : South Asia & Pacific Market attractiveness analysis By Base Type, 2024-2034
Figure 47 : South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 48 : South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 - 2034
Figure 49 : South Asia & Pacific Market Attractiveness Analysis by Country, 2024-2034
Figure 50 : Middle East & Africa Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019-2023
Figure 51 : Middle East & Africa Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2024-2034
Figure 52 : Middle East & Africa Market Share Analysis By Base Type - 2024 & 2034
Figure 53 : Middle East & Africa Market Y-o-Y Growth Projections By Base Type, 2019-2034
Figure 54 : Middle East & Africa Market attractiveness analysis By Base Type, 2024-2034
Figure 55 : Middle East & Africa Market Share Analysis by Country, 2024 & 2034
Figure 56 : Middle East & Africa Market Y-o-Y Growth Projection by Country, 2024 - 2034
Figure 57 : Middle East & Africa Market Attractiveness Analysis by Country, 2024-2034
Figure 58 : United States Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019-2034
Figure 59 : United States Market Value, By Base Type, 2024 & 2034
Figure 60 : United States Market Incremental $ Opportunity, 2024-2034
Figure 61 : Canada Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019-2034
Figure 62 : Canada Market Value, By Base Type, 2024 & 2034
Figure 63 : Canada Market Incremental $ Opportunity, 2024-2034
Figure 64 : Brazil Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019-2034
Figure 65 : Brazil Market Value, By Base Type, 2024 & 2034
Figure 66 : Brazil Market Incremental $ Opportunity, 2024-2034
Figure 67 : Germany Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019-2034
Figure 68 : Germany Market Value, By Base Type, 2024 & 2034
Figure 69 : Germany Market Incremental $ Opportunity, 2024-2034
Figure 70 : France Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019-2034
Figure 71 : France Market Value, By Base Type, 2024 & 2034
Figure 72 : France Market Incremental $ Opportunity, 2024-2034
Figure 73 : U.K. Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019-2034
Figure 74 : U.K. Market Value, By Base Type, 2024 & 2034
Figure 75 : U.K. Market Incremental $ Opportunity, 2024-2034
Figure 76 : China Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019-2034
Figure 77 : China Market Value, By Base Type, 2024 & 2034
Figure 78 : China Market Incremental $ Opportunity, 2024-2034
Figure 79 : Japan Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019-2034
Figure 80 : Japan Market Value, By Base Type, 2024 & 2034
Figure 81 : Japan Market Incremental $ Opportunity, 2024-2034
Figure 82 : India Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019-2034
Figure 83 : India Market Value, By Base Type, 2024 & 2034
Figure 84 : India Market Incremental $ Opportunity, 2024-2034
Figure 85 : GCC Countries Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019-2034
Figure 86 : GCC Countries Market Value, By Base Type, 2024 & 2034
Figure 87 : GCC Countries Market Incremental $ Opportunity, 2024-2034
Figure 88 : Japan Salt Hydrate Market Value (US$ Mn), Volume (Cubic meter (m³)) Forecast and Analysis, 2019-2034
Figure 89 : Japan Salt Hydrate Market Value, By End use, 2024 & 2034
Figure 90 : Japan Salt Hydrate Market Incremental $ Opportunity, 2024-2034
Figure 91 : India Salt Hydrate Market Value (US$ Mn), Volume (Cubic meter (m³)) Forecast and Analysis, 2019-2034
Figure 92 : India Salt Hydrate Market Value, By End use, 2024 & 2034
Figure 93 : India Salt Hydrate Market Incremental $ Opportunity, 2024-2034
Figure 94 : GCC Countries Salt Hydrate Market Value (US$ Mn), Volume (Cubic meter (m³)) Forecast and Analysis, 2019-2034
Figure 95 : GCC Countries Salt Hydrate Market Value, By End use, 2024 & 2034
Figure 96 : GCC Countries Salt Hydrate Market Incremental $ Opportunity, 2024-2034
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- FAQs -
What is the size of the insulation paint and coating market?
The global insulation paint and coating market has been valued at US$ 4.7 billion for 2024.
What is the forecasted market size for 2034?
Worldwide sales of insulation paints and coatings are projected to reach US$ 8.3 billion by 2034-end.
How did the market perform over the last few years?
Between 2019 and 2023, demand for insulation paints and coatings increased at 4.6% CAGR.
Which region accounts for a leading market share?
East Asia leads the global market accounting for 36.5% share.
Which type of insulation paint and coating is most widely preferred?
Water-based insulation paints and coatings account for 37.3% share of global sales.
Insulation Paint and Coating Market