絶縁塗料市場 : 2028年までの世界予測

Report Overview

The insulation coatings market is estimated to be USD 9.7 billion in 2022 and is projected to reach USD 14.4 billion by 2028, at a CAGR of 5.9% between 2023 to 2028. Insulation coating prevents the heat transfer, or electricity sound from one surface area to another. These coatings enhance personnel protection, reduce energy consumption, and contribute to the improvement in the overall process efficiency. They are made using various materials such as acrylic, epoxy, polyurethane, mullite, and yttria stabilized zirconia (YSZ).

“Acrylic segment is the largest type of insulation coating market market.”
Acrylic-based Insulation coatings are waterborne coatings and account for the largest share in the overall Insulation coatings market. Acrylic-based Insulation coatings are the perfect alternative for traditional insulation materials and are used due to their ease of maintenance and the ability to prevent CUI. These coatings can be applied with a user-friendly spray machine and are suitable for temperature applications of up to 150°C (302°F). Water-based acrylic Insulation coatings can operate up to 177°C (350.6°F).

“Industrial segment is the fastest-growing Industry of Insulation coating market market.”
The insulation coating market market is categorized into five main end use industries, including industrial, building and construction, aerospace, automotive, marine, and others. Industrial is the largest end-use sector for the insulation coating market. In the industrial sector, insulation coating is particularly used for thermal insulation. These coatings are intended to prevent heat-related injuries in the workplace. The reduced dissipation of heat from industrial machinery provides a suitable temperature at the workplace for workers. Thermal coating also enhances the ability to maintain chemicals at a specific temperature. Electrical insulation coating can increase design flexibility and increase the safety levels at the workplace.
“APAC is estimated to account for the largest market share during the forecast period. “
APAC is estimated to be the largest market for insulation coating market and is also projected to register the fastest CAGR of 6.9% during the forecast period. China is expected to account for the largest share of the market in APAC in 2022 with 45.0%. The increasing industrial activities, investment in the end use industry of insulation material and labor costs in these countries are the main drivers for the insulation coating market.

Extensive primary interviews were conducted to determine and verify the market size for several segments and sub segments and information gathered through secondary research.
The break-up of primary interviews is given below:
• By Company Type – Tier 1 – 30%, Tier 2 – 50%, and Tier 3 – 20%
• By Designation – C level – 30%, Director level – 25%, and Others* – 45%
• By Region – North America – 25%, Europe – 25%, Asia-Pacific– 30%, South America- 10%, Middle East and Africa-10%
Note: Others include sales, marketing, and product managers.
Note: Tier 1: >USD 5 Billion; Tier 2: USD 1 Billion– USD 5 Billion; and Tier 3: <USD 1 Billion.

The companies profiled in this market research report include AkzoNobel (Netherland), PPG (US), Sherwin-Williams Company (US), Kansai Paint Co., Ltd. (Japan), Jotun Group (Norway), Nippon Paint Holdings Co., Ltd. (Japan), Axalta Coating System (US), Hempel (Denmark), Seal For Life Industries (US), Carboline (US), and Sharpshell Engineering (South Africa) and other leading companies in this market.
Research Coverage:
This research report categorizes the insulation coatings market on the basis of type, end use industry and region. The report includes detailed information regarding the major factors influencing the growth of the insulation coatings market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into business overviews, products & services, key strategies, expansions, new product developments, agreements and recent developments associated with the market.

Key Benefits of Buying the Report
The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall insulation coatings Market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.

The report provides insights on the following pointers:

• Analysis of key drivers, restraints, opportunities and challenges influencing the growth of the insulation coatings market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the insulation coatings market
• Market Development: Comprehensive information about lucrative markets – the report analyses the insulation coatings market across varied regions
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the insulation coatings market
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like AkzoNobel (Netherland), PPG (US), Sherwin-Williams Company (US), Kansai Paint Co., Ltd. (Japan), Jotun Group (Norway), Nippon Paint Holdings Co., Ltd. (Japan), Axalta Coating System (US), Hempel (Denmark), Seal For Life Industries (US), Carboline (US), and Sharpshell Engineering (South Africa) and other in the insulation coatings market.

Table of Contents

1 INTRODUCTION 43
1.1 STUDY OBJECTIVES 43
1.2 MARKET DEFINITION 43
1.2.1 INCLUSIONS AND EXCLUSIONS 44
1.3 MARKET SCOPE 44
FIGURE 1 INSULATION COATINGS MARKET SEGMENTATION 44
1.3.1 REGIONS COVERED 45
1.3.2 YEARS CONSIDERED 45
1.4 CURRENCY CONSIDERED 46
1.5 UNITS CONSIDERED 46
1.6 LIMITATIONS 46
1.7 STAKEHOLDERS 46
2 RESEARCH METHODOLOGY 47
2.1 RESEARCH DATA 47
FIGURE 2 INSULATION COATINGS MARKET: RESEARCH DESIGN 47
2.1.1 SECONDARY DATA 47
2.1.1.1 Critical secondary inputs 48
2.1.1.2 Key data from secondary sources 48
2.1.2 PRIMARY DATA 48
2.1.2.1 Critical primary inputs 49
2.1.2.2 Key data from primary sources 49
2.1.2.3 Key industry insights 50
2.1.2.4 Breakdown of primary interviews 50
2.2 MARKET SIZE ESTIMATION 51
FIGURE 3 MARKET SIZE ESTIMATION: BASED ON COMPANY REVENUES 51
2.2.1 TOP-DOWN APPROACH 51
FIGURE 4 MARKET SIZE ESTIMATION: FROM GLOBAL PAINTS & COATINGS MARKET 51
2.3 DATA TRIANGULATION 52
FIGURE 5 INSULATION COATINGS MARKET: DATA TRIANGULATION 52
2.4 ASSUMPTIONS 53
2.5 LIMITATIONS 53
2.6 RECESSION IMPACT 53
2.7 SUMMARY OF CHANGES 54
3 EXECUTIVE SUMMARY 55
FIGURE 6 ACRYLIC ACCOUNTED FOR LARGEST SEGMENT OF OVERALL INSULATION COATINGS MARKET IN 2022 55
FIGURE 7 AUTOMOTIVE TO BE FASTEST-GROWING END-USE INDUSTRY BETWEEN  2023 AND 2028 56
FIGURE 8 ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD 56
4 PREMIUM INSIGHTS 58
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN INSULATION COATINGS MARKET 58
FIGURE 9 INCREASING DEMAND FOR ENERGY-EFFICIENT MATERIALS TO DRIVE  MARKET DURING FORECAST PERIOD 58
4.2 ASIA PACIFIC: INSULATION COATINGS MARKET,  BY TYPE AND COUNTRY 58
FIGURE 10 ACRYLIC SEGMENT ACCOUNTED FOR LARGEST SHARE IN ASIA PACIFIC 58
4.3 INSULATION COATINGS MARKET, BY END-USE INDUSTRY 59
FIGURE 11 AUTOMOTIVE TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD 59
4.4 INSULATION COATINGS MARKET, BY KEY COUNTRIES 59
FIGURE 12 INDIA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD 59
5 MARKET OVERVIEW 60
5.1 INTRODUCTION 60
5.2 MARKET DYNAMICS 60
FIGURE 13 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN INSULATION COATINGS MARKET 60
5.2.1 DRIVERS 61
5.2.1.1 Increasing need for heat, electricity, and sound insulation in various industries 61
5.2.1.2 Growing construction and infrastructure development 61
5.2.1.3 Prevention of corrosion under insulation (CUI) 61
5.2.2 RESTRAINTS 62
5.2.2.1 Volatility in raw material and insulation coating prices 62
5.2.2.2 High R&D and equipment cost 62
5.2.3 OPPORTUNITIES 62
5.2.3.1 Increasing adoption of advanced automotive electronics 62
5.2.3.2 Newer application areas for Insulation coatings 63
5.2.4 CHALLENGES 63
5.2.4.1 Stringent government regulations 63
5.2.4.2 Competition with traditional Insulation materials 63
5.3 PORTER’S FIVE FORCES ANALYSIS 64
FIGURE 14 INSULATION COATINGS MARKET: PORTER’S FIVE FORCES ANALYSIS 64
TABLE 1 INSULATION COATINGS MARKET: PORTER’S FIVE FORCE ANALYSIS 65
5.3.1 THREAT OF NEW ENTRANTS 65
5.3.2 BARGAINING POWER OF SUPPLIERS 65
5.3.3 THREAT OF SUBSTITUTES 65
5.3.4 BARGAINING POWER OF BUYERS 66
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 66
5.4 VALUE CHAIN ANALYSIS 66
FIGURE 15 PRODUCTION PROCESS OF OVERALL PRICE OF INSULATION COATINGS 67
5.5 TRENDS & DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 68
FIGURE 16 REVENUE SHIFT FOR INSULATION COATING MANUFACTURERS 68
5.5.1 REVENUE SHIFT FOR INSULATION COATING PLAYERS 68
5.6 TARIFF AND REGULATORY LANDSCAPE 69
5.6.1 THE NATIONAL GREEN BUILDING STANDARD (NGBS) 69
5.7 REGULATORY BODIES AND GOVERNMENT AGENCIES 69
5.7.1 THE AMERICAN SOCIETY OF HEATING, REFRIGERATING, AND AIR CONDITIONING ENGINEERS (ASHRAE) STANDARD 189.1 69
5.7.2 THE AMERICAN COATINGS ASSOCIATION (ACA) 70
5.8 SUPPLY CHAIN ANALYSIS 71
FIGURE 17 SUPPLY CHAIN OF INSULATION COATINGS INDUSTRY 71
5.8.1 RAW MATERIAL SUPPLIERS 72
5.8.2 INSULATION COATING MANUFACTURERS 72
5.8.3 DISTRIBUTORS AND SUPPLIERS 72
5.8.4 END USERS 72
TABLE 2 INSULATION COATINGS MARKET: SUPPLY CHAIN ANALYSIS 72
5.9 ECOSYSTEM MAPPING 73
FIGURE 18 INSULATION COATINGS MARKET: ECOSYSTEM MAPPING 73
5.10 KEY STAKEHOLDERS & BUYING CRITERIA 74
5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS 74
FIGURE 19 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY  END-USE INDUSTRY 74
TABLE 3 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY APPLICATIONS (%) 74
5.10.2 BUYING CRITERIA 74
FIGURE 20 KEY BUYING CRITERIA FOR KEY END-USE INDUSTRY 74
TABLE 4 KEY BUYING CRITERIA FOR KEY END-USE INDUSTRY 75
5.11 KEY CONFERENCES & EVENTS IN 2023–2024 75
TABLE 5 INSULATION COATINGS MARKET: DETAILED CONFERENCES & EVENTS 75
5.12 TRADE ANALYSIS 76
TABLE 6 INSULATION FIBERS AND INSULATION FIBER BUNDLES, IMPORT DATA, HS CODE:  9001, 2022 (USD MILLION) 76
TABLE 7 INSULATION FIBERS AND INSULATION FIBER BUNDLES, EXPORT DATA, HS CODE:  9001, 2022 (USD MILLION) 77
5.13 PATENT ANALYSIS 77
5.13.1 DOCUMENT ANALYSIS 77
FIGURE 21 GRANTED PATENTS ACCOUNTED FOR 8% OF ALL PATENTS BETWEEN  2013 AND 2022 78
FIGURE 22 NUMBER OF PATENTS BETWEEN 2013 AND 2022 78
5.13.2 JURISDICTION ANALYSIS 79
FIGURE 23 NUMBER OF PATENTS, BY JURISDICTION 79
5.13.3 TOP COMPANIES/APPLICANTS 79
FIGURE 24 TOP TEN COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS 79
TABLE 8 PATENTS BY SAMSUNG DISPLAY CO. LTD. 80
TABLE 9 PATENTS BY SAMSUNG ELECTRONICS CO., LTD. 80
TABLE 10 PATENTS BY SUMITOMO WIRING SYSTEMS 81
TABLE 11 US: PATENT OWNERS BETWEEN 2013 AND 2022 81
5.14 CASE STUDY 82
5.14.1 EVALUATING EFFICACY OF INSULATION COATINGS 82
5.14.1.1 Introduction 82
5.14.1.2 Background 82
5.14.1.3 Challenge 82
5.14.1.4 Insulation coatings solutions 82
5.14.1.5 Enhancement of indoor comfort and reduction of energy consumption in medium-sized commercial building 82
5.14.1.6 Benefits and results 83
5.14.1.7 Manufacturing processes 83
5.14.1.8 Future developments and trends 83
5.14.1.9 Conclusion 83
5.15 MACROECONOMIC INDICATORS 83
5.15.1 GDP TRENDS & FORECAST 83
TABLE 12 WORLD GDP GROWTH PROJECTION, 2021–2028 (USD TRILLION) 84
5.16 PRICING ANALYSIS 84
5.17 RECESSION IMPACT: REALISTIC, OPTIMISTIC, AND  PESSIMISTIC SCENARIOS 85
6 INSULATION COATINGS MARKET, BY TYPE 86
6.1 INTRODUCTION 87
FIGURE 25 ACRYLIC TO LEAD INSULATION COATINGS MARKET DURING FORECAST PERIOD 87
TABLE 13 INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (USD MILLION) 87
TABLE 14 INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (USD MILLION) 88
TABLE 15 INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (KILOTON) 88
TABLE 16 INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (KILOTON) 88
6.1.1 LOW MAINTENANCE REQUIREMENTS AND ABILITY TO EFFECTIVELY PREVENT CORROSION TO DRIVE MARKET 89
6.2 ACRYLIC 90
6.2.1 LOW MAINTENANCE AND ABILITY TO PREVENT CUI TO DRIVE MARKET 90
TABLE 17 ACRYLIC INSULATION COATINGS MARKET, BY REGION, 2019–2021 (USD MILLION) 90
TABLE 18 ACRYLIC INSULATION COATINGS MARKET, BY REGION, 2022–2028 (USD MILLION) 90
TABLE 19 ACRYLIC INSULATION COATINGS MARKET, BY REGION, 2019–2021 (KILOTON) 91
TABLE 20 ACRYLIC INSULATION COATINGS MARKET, BY REGION, 2022–2028 (KILOTON) 91
6.3 EPOXY 91
6.3.1 INCREASING USE IN ELECTRICAL APPLICATIONS  TO DRIVE MARKET 91
TABLE 21 EPOXY INSULATION COATINGS MARKET, BY REGION, 2019–2021 (USD MILLION) 92
TABLE 22 EPOXY INSULATION COATINGS MARKET, BY REGION, 2022–2028 (USD MILLION) 92
TABLE 23 EPOXY INSULATION COATINGS MARKET, BY REGION, 2019–2021 (KILOTON) 92
TABLE 24 EPOXY INSULATION COATINGS MARKET, BY REGION, 2022–2028 (KILOTON) 93
6.4 POLYURETHANE 93
6.4.1 INCREASING USE IN INDUSTRIAL AND BUILDING & CONSTRUCTION SECTORS TO DRIVE MARKET 93
TABLE 25 POLYURETHANE INSULATION COATINGS MARKET, BY REGION,  2019–2021 (USD MILLION) 94
TABLE 26 POLYURETHANE INSULATION COATINGS MARKET, BY REGION,  2022–2028 (USD MILLION) 94
TABLE 27 POLYURETHANE INSULATION COATINGS MARKET, BY REGION, 2019–2021 (KILOTON) 94
TABLE 28 POLYURETHANE INSULATION COATINGS MARKET, BY REGION, 2022–2028 (KILOTON) 95
6.5 YTTRIA STABILIZED ZIRCONIA 95
6.5.1 INCREASING DEMAND FROM HIGH-END APPLICATIONS  TO DRIVE MARKET 95
TABLE 29 YSZ INSULATION COATINGS MARKET, BY REGION, 2019–2021 (USD MILLION) 95
TABLE 30 YSZ INSULATION COATINGS MARKET, BY REGION, 2022–2028 (USD MILLION) 96
TABLE 31 YSZ INSULATION COATINGS MARKET, BY REGION, 2019–2021 (KILOTON) 96
TABLE 32 YSZ INSULATION COATINGS MARKET, BY REGION, 2022–2028 (KILOTON) 96
6.6 MULLITE 97
6.6.1 INCREASING USE OF TURBINE AND DIESEL ENGINES  TO DRIVE MARKET 97
TABLE 33 MULLITE INSULATION COATINGS MARKET, BY REGION, 2019–2021 (USD MILLION) 97
TABLE 34 MULLITE INSULATION COATINGS MARKET, BY REGION, 2022–2028 (USD MILLION) 97
TABLE 35 MULLITE INSULATION COATINGS MARKET, BY REGION, 2019–2021 (KILOTON) 98
TABLE 36 MULLITE INSULATION COATINGS MARKET, BY REGION, 2022–2028 (KILOTON) 98
6.7 OTHERS 98
TABLE 37 OTHER INSULATION COATINGS MARKET, BY REGION, 2019–2021 (USD MILLION) 99
TABLE 38 OTHER INSULATION COATINGS MARKET, BY REGION, 2022–2028 (USD MILLION) 99
TABLE 39 OTHER INSULATION COATINGS MARKET, BY REGION, 2019–2021 (KILOTON) 99
TABLE 40 OTHER INSULATION COATINGS MARKET, BY REGION, 2022–2028 (KILOTON) 100
7 INSULATION COATINGS MARKET, BY END-USE INDUSTRY 101
7.1 INTRODUCTION 102
FIGURE 26 INDUSTRIAL SEGMENT TO LEAD INSULATION COATINGS MARKET DURING FORECAST PERIOD 102
TABLE 41 INSULATION COATINGS MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION) 102
TABLE 42 INSULATION COATINGS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 103
TABLE 43 INSULATION COATINGS MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON) 103
TABLE 44 INSULATION COATINGS MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON) 103
7.2 AEROSPACE 104
7.2.1 THE CONSTANT PURSUIT OF SAFETY, EFFICIENCY, AND PERFORMANCE OPTIMIZATION TO DRIVE THE MARKET 104
TABLE 45 INSULATION COATINGS MARKET IN AEROSPACE, BY REGION,  2019–2021 (USD MILLION) 104
TABLE 46 INSULATION COATINGS MARKET IN AEROSPACE, BY REGION,  2022–2028 (USD MILLION) 105
TABLE 47 INSULATION COATINGS MARKET IN AEROSPACE, BY REGION,  2019–2021 (KILOTON) 105
TABLE 48 INSULATION COATINGS MARKET IN AEROSPACE, BY REGION,  2022–2028 (KILOTON) 105
7.3 AUTOMOTIVE 106
7.3.1 ADVANCED VEHICLE PERFORMANCE AND SUSTAINABILITY  TO DRIVE MARKET 106
TABLE 49 INSULATION COATINGS MARKET IN AUTOMOTIVE, BY REGION,  2019–2021 (USD MILLION) 109
TABLE 50 INSULATION COATINGS MARKET IN AUTOMOTIVE, BY REGION,  2022–2028 (USD MILLION) 109
TABLE 51 INSULATION COATINGS MARKET IN AUTOMOTIVE, BY REGION,  2019–2021 (KILOTON) 110
TABLE 52 INSULATION COATINGS MARKET IN AUTOMOTIVE, BY REGION,  2022–2028 (KILOTON) 110
7.4 MARINE 110
7.4.1 GROWING SHIPPING INDUSTRY TO DRIVE MARKET 110
TABLE 53 INSULATION COATINGS MARKET IN MARINE, BY REGION,  2019–2021 (USD MILLION) 113
TABLE 54 INSULATION COATINGS MARKET IN MARINE, BY REGION,  2022–2028 (USD MILLION) 114
TABLE 55 INSULATION COATINGS MARKET IN MARINE, BY REGION,  2019–2021 (KILOTON) 114
TABLE 56 INSULATION COATINGS MARKET IN MARINE, BY REGION,  2022–2028 (KILOTON) 114
7.5 BUILDING & CONSTRUCTION 115
7.5.1 GROWING CONSTRUCTION INDUSTRY TO DRIVE MARKET 115
TABLE 57 INSULATION COATINGS MARKET IN BUILDING & CONSTRUCTION, BY REGION,  2019–2021 (USD MILLION) 115
TABLE 58 INSULATION COATINGS MARKET IN BUILDING & CONSTRUCTION, BY REGION,  2022–2028 (USD MILLION) 116
TABLE 59 INSULATION COATINGS MARKET IN BUILDING & CONSTRUCTION, BY REGION,  2019–2021 (KILOTON) 116
TABLE 60 INSULATION COATINGS MARKET IN BUILDING & CONSTRUCTION, BY REGION,  2022–2028 (KILOTON) 116
7.6 INDUSTRIAL 117
7.6.1 GROWING DEMAND FROM INDUSTRIAL SECTORS  TO DRIVE MARKET 117
TABLE 61 INSULATION COATINGS MARKET IN INDUSTRIAL, BY REGION,  2019–2021 (USD MILLION) 117
TABLE 62 INSULATION COATINGS MARKET IN INDUSTRIAL, BY REGION,  2022–2028 (USD MILLION) 118
TABLE 63 INSULATION COATINGS MARKET IN INDUSTRIAL, BY REGION,  2019–2021 (KILOTON) 118
TABLE 64 INSULATION COATINGS MARKET IN INDUSTRIAL, BY REGION,  2022–2028 (KILOTON) 118
TABLE 65 APPLICATIONS OF INSULATION COATINGS IN INDUSTRIAL SEGMENT, BY TYPE 119
TABLE 66 APPLICATIONS OF INSULATION COATINGS IN INDUSTRIAL SEGMENT,  BY END-USE INDUSTRY 119
7.7 OTHERS 119
TABLE 67 INSULATION COATINGS MARKET IN OTHER END-USE INDUSTRIES,  BY REGION, 2019–2021 (USD MILLION) 120
TABLE 68 INSULATION COATINGS MARKET IN OTHER END-USE INDUSTRIES,  BY REGION, 2022–2028 (USD MILLION) 120
TABLE 69 INSULATION COATINGS MARKET IN OTHER END-USE INDUSTRIES, BY REGION,  2019–2021 (KILOTON) 121
TABLE 70 INSULATION COATINGS MARKET IN OTHER END-USE INDUSTRIES, BY REGION,  2022–2028 (KILOTON) 121
8 INSULATION COATINGS MARKET, BY REGION 122
8.1 INTRODUCTION 123
FIGURE 27 REGIONAL SNAPSHOT: INDIA TO BE FASTEST-GROWING INSULATION  COATINGS MARKET 123
TABLE 71 INSULATION COATINGS MARKET, BY REGION, 2019–2021 (USD MILLION) 123
TABLE 72 INSULATION COATINGS MARKET, BY REGION, 2022–2028 (USD MILLION) 124
TABLE 73 INSULATION COATINGS MARKET, BY REGION, 2019–2021 (KILOTON) 124
TABLE 74 INSULATION COATINGS MARKET, BY REGION, 2022–2028 (KILOTON) 124
8.2 ASIA PACIFIC 125
FIGURE 28 ASIA PACIFIC: INSULATION COATINGS MARKET SNAPSHOT 125
TABLE 75 ASIA PACIFIC: INSULATION COATINGS MARKET, BY COUNTRY,  2019–2021 (USD MILLION) 126
TABLE 76 ASIA PACIFIC: INSULATION COATINGS MARKET, BY COUNTRY,  2022–2028 (USD MILLION) 126
TABLE 77 ASIA PACIFIC: INSULATION COATINGS MARKET, BY COUNTRY, 2019–2021 (KILOTON) 127
TABLE 78 ASIA PACIFIC: INSULATION COATINGS MARKET, BY COUNTRY, 2022–2028 (KILOTON) 127
TABLE 79 ASIA PACIFIC: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (USD MILLION) 127
TABLE 80 ASIA PACIFIC: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (USD MILLION) 128
TABLE 81 ASIA PACIFIC: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (KILOTON) 128
TABLE 82 ASIA PACIFIC: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (KILOTON) 128
TABLE 83 ASIA PACIFIC: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 129
TABLE 84 ASIA PACIFIC: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (USD MILLION) 129
TABLE 85 ASIA PACIFIC: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON) 129
TABLE 86 ASIA PACIFIC: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (KILOTON) 130
8.2.1 RECESSION IMPACT 130
8.2.2 CHINA 130
8.2.2.1 Increasing demand from construction, automotive, aerospace, and marine industries to drive market 130
TABLE 87 CHINA: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (USD MILLION) 131
TABLE 88 CHINA: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (USD MILLION) 131
TABLE 89 CHINA: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (KILOTON) 131
TABLE 90 CHINA: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (KILOTON) 132
TABLE 91 CHINA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 132
TABLE 92 CHINA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (USD MILLION) 132
TABLE 93 CHINA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON) 133
TABLE 94 CHINA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (KILOTON) 133
8.2.3 INDIA 133
8.2.3.1 Growing construction and automotive sectors to drive demand 133
TABLE 95 INDIA: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (USD MILLION) 134
TABLE 96 INDIA: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (USD MILLION) 134
TABLE 97 INDIA: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (KILOTON) 135
TABLE 98 INDIA: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (KILOTON) 135
TABLE 99 INDIA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 135
TABLE 100 INDIA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (USD MILLION) 136
TABLE 101 INDIA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON) 136
TABLE 102 INDIA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (KILOTON) 136
8.2.4 JAPAN 137
8.2.4.1 Strong demand for affordable and sustainable housing  to drive market 137
TABLE 103 JAPAN: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (USD MILLION) 137
TABLE 104 JAPAN: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (USD MILLION) 137
TABLE 105 JAPAN: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (KILOTON) 138
TABLE 106 JAPAN: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (KILOTON) 138
TABLE 107 JAPAN: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 138
TABLE 108 JAPAN: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (USD MILLION) 139
TABLE 109 JAPAN: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON) 139
TABLE 110 JAPAN: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (KILOTON) 139
8.2.5 SOUTH KOREA 140
8.2.5.1 Increasing demand from aerospace industry to drive market 140
TABLE 111 SOUTH KOREA: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (USD MILLION) 140
TABLE 112 SOUTH KOREA: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (USD MILLION) 140
TABLE 113 SOUTH KOREA: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (KILOTON) 141
TABLE 114 SOUTH KOREA: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (KILOTON) 141
TABLE 115 SOUTH KOREA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 141
TABLE 116 SOUTH KOREA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (USD MILLION) 142
TABLE 117 SOUTH KOREA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON) 142
TABLE 118 SOUTH KOREA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (KILOTON) 142
8.2.6 INDONESIA 143
8.2.6.1 Economic growth projections and trends to drive market 143
TABLE 119 INDONESIA: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (USD MILLION) 143
TABLE 120 INDONESIA: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (USD MILLION) 143
TABLE 121 INDONESIA: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (KILOTON) 144
TABLE 122 INDONESIA: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (KILOTON) 144
TABLE 123 INDONESIA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 144
TABLE 124 INDONESIA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (USD MILLION) 145
TABLE 125 INDONESIA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON) 145
TABLE 126 INDONESIA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (KILOTON) 145
8.2.7 VIETNAM 146
8.2.7.1 Increasing government focus on policy enhancement to drive market 146
TABLE 127 VIETNAM: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (USD MILLION) 146
TABLE 128 VIETNAM: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (USD MILLION) 146
TABLE 129 VIETNAM: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (KILOTON) 147
TABLE 130 VIETNAM: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (KILOTON) 147
TABLE 131 VIETNAM: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 147
TABLE 132 VIETNAM: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (USD MILLION) 148
TABLE 133 VIETNAM: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON) 148
TABLE 134 VIETNAM: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (KILOTON) 148
8.2.8 MALAYSIA 149
8.2.8.1 Strong rebound and projected expansion to drive market 149
TABLE 135 MALAYSIA: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (USD MILLION) 149
TABLE 136 MALAYSIA: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (USD MILLION) 150
TABLE 137 MALAYSIA: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (KILOTON) 150
TABLE 138 MALAYSIA: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (KILOTON) 150
TABLE 139 MALAYSIA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 151
TABLE 140 MALAYSIA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (USD MILLION) 151
TABLE 141 MALAYSIA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON) 151
TABLE 142 MALAYSIA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (KILOTON) 152
8.2.9 REST OF ASIA PACIFIC 152
TABLE 143 REST OF ASIA PACIFIC: INSULATION COATINGS MARKET, BY TYPE,  2019–2021 (USD MILLION) 152
TABLE 144 REST OF ASIA PACIFIC: INSULATION COATINGS MARKET, BY TYPE,  2022–2028 (USD MILLION) 153
TABLE 145 REST OF ASIA PACIFIC: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (KILOTON) 153
TABLE 146 REST OF ASIA PACIFIC: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (KILOTON) 153
TABLE 147 REST OF ASIA PACIFIC: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 154
TABLE 148 REST OF ASIA PACIFIC: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (USD MILLION) 154
TABLE 149 REST OF ASIA PACIFIC: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON) 154
TABLE 150 REST OF ASIA PACIFIC: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (KILOTON) 155
8.3 NORTH AMERICA 155
FIGURE 29 NORTH AMERICA: INSULATION COATINGS MARKET SNAPSHOT 156
TABLE 151 NORTH AMERICA: INSULATION COATINGS MARKET, BY COUNTRY,  2019–2021 (USD MILLION) 156
TABLE 152 NORTH AMERICA: INSULATION COATINGS MARKET, BY COUNTRY,  2022–2028 (USD MILLION) 157
TABLE 153 NORTH AMERICA: INSULATION COATINGS MARKET, BY COUNTRY,  2019–2021 (KILOTON) 157
TABLE 154 NORTH AMERICA: INSULATION COATINGS MARKET, BY COUNTRY, 2022–2028 (KILOTON) 157
TABLE 155 NORTH AMERICA: INSULATION COATINGS MARKET, BY TYPE,  2019–2021 (USD MILLION) 158
TABLE 156 NORTH AMERICA: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (USD MILLION) 158
TABLE 157 NORTH AMERICA: INSULATION COATINGS MARKET, BY TYPE,  2019–2021 (KILOTON) 158
TABLE 158 NORTH AMERICA: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (KILOTON) 159
TABLE 159 NORTH AMERICA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 159
TABLE 160 NORTH AMERICA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (USD MILLION) 159
TABLE 161 NORTH AMERICA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON) 160
TABLE 162 NORTH AMERICA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (KILOTON) 160
8.3.1 RECESSION IMPACT 160
8.3.2 US 161
8.3.2.1 Growing demand in construction industry to drive market 161
TABLE 163 US: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (USD MILLION) 161
TABLE 164 US: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (USD MILLION) 161
TABLE 165 US: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (KILOTON) 162
TABLE 166 US: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (KILOTON) 162
TABLE 167 US: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 162
TABLE 168 US: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (USD MILLION) 163
TABLE 169 US: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON) 163
TABLE 170 US: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (KILOTON) 163
8.3.3 CANADA 164
8.3.3.1 Rising demand from aerospace industry to drive market 164
TABLE 171 CANADA: INSULATION COATINGS MARKET, BY TYPE,  2019–2021 (USD MILLION) 164
TABLE 172 CANADA: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (USD MILLION) 165
TABLE 173 CANADA: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (KILOTON) 165
TABLE 174 CANADA: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (KILOTON) 165
TABLE 175 CANADA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 166
TABLE 176 CANADA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (USD MILLION) 166
TABLE 177 CANADA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON) 166
TABLE 178 CANADA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (KILOTON) 167
8.3.4 MEXICO 167
8.3.4.1 Increasing demand from automotive, aerospace, and building & construction sectors to drive market 167
TABLE 179 MEXICO: INSULATION COATINGS MARKET, BY TYPE,  2019–2021 (USD MILLION) 167
TABLE 180 MEXICO: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (USD MILLION) 168
TABLE 181 MEXICO: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (KILOTON) 168
TABLE 182 MEXICO: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (KILOTON) 168
TABLE 183 MEXICO: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 169
TABLE 184 MEXICO: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (USD MILLION) 169
TABLE 185 MEXICO: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON) 169
TABLE 186 MEXICO: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (KILOTON) 170
8.4 EUROPE 170
FIGURE 30 EUROPE: INSULATION COATINGS MARKET SNAPSHOT 171
TABLE 187 EUROPE: INSULATION COATINGS MARKET, BY COUNTRY,  2019–2021 (USD MILLION) 171
TABLE 188 EUROPE: INSULATION COATINGS MARKET, BY COUNTRY, 2022–2028 (USD MILLION) 172
TABLE 189 EUROPE: INSULATION COATINGS MARKET, BY COUNTRY,  2019–2021 (KILOTON) 172
TABLE 190 EUROPE: INSULATION COATINGS MARKET, BY COUNTRY, 2022–2028 (KILOTON) 172
TABLE 191 EUROPE: INSULATION COATINGS MARKET, BY TYPE,  2019–2021 (USD MILLION) 173
TABLE 192 EUROPE: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (USD MILLION) 173
TABLE 193 EUROPE: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (KILOTON) 173
TABLE 194 EUROPE: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (KILOTON) 174
TABLE 195 EUROPE: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 174
TABLE 196 EUROPE: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (USD MILLION) 174
TABLE 197 EUROPE: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON) 175
TABLE 198 EUROPE: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (KILOTON) 175
8.4.1 RECESSION IMPACT 175
8.4.2 GERMANY 176
8.4.2.1 Stringent building safety codes and fire safety regulations for commercial buildings to drive market 176
TABLE 199 GERMANY: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (USD MILLION) 176
TABLE 200 GERMANY: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (USD MILLION) 176
TABLE 201 GERMANY: INSULATION COATINGS MARKET, BY TYPE,  2019–2021 (KILOTON) 177
TABLE 202 GERMANY: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (KILOTON) 177
TABLE 203 GERMANY: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 177
TABLE 204 GERMANY: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (USD MILLION) 178
TABLE 205 GERMANY: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON) 178
TABLE 206 GERMANY: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (KILOTON) 178
8.4.3 UK 179
8.4.3.1 Rising demand for eco-friendly solutions with low VOC formulations to drive market 179
TABLE 207 UK: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (USD MILLION) 179
TABLE 208 UK: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (USD MILLION) 180
TABLE 209 UK: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (KILOTON) 180
TABLE 210 UK: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (KILOTON) 180
TABLE 211 UK: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 181
TABLE 212 UK: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (USD MILLION) 181
TABLE 213 UK: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON) 181
TABLE 214 UK: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (KILOTON) 182
8.4.4 FRANCE 182
8.4.4.1 Government efforts to expand aerospace industry  to drive market 182
TABLE 215 FRANCE: INSULATION COATINGS MARKET, BY TYPE,  2019–2021 (USD MILLION) 182
TABLE 216 FRANCE: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (USD MILLION) 183
TABLE 217 FRANCE: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (KILOTON) 183
TABLE 218 FRANCE: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (KILOTON) 183
TABLE 219 FRANCE: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 184
TABLE 220 FRANCE: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (USD MILLION) 184
TABLE 221 FRANCE: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON) 184
TABLE 222 FRANCE: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (KILOTON) 185
8.4.5 RUSSIA 185
8.4.5.1 Growing automotive industry to drive market 185
TABLE 223 RUSSIA: INSULATION COATINGS MARKET, BY TYPE,  2019–2021 (USD MILLION) 186
TABLE 224 RUSSIA: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (USD MILLION) 186
TABLE 225 RUSSIA: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (KILOTON) 186
TABLE 226 RUSSIA: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (KILOTON) 187
TABLE 227 RUSSIA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 187
TABLE 228 RUSSIA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (USD MILLION) 187
TABLE 229 RUSSIA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON) 188
TABLE 230 RUSSIA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (KILOTON) 188
8.4.6 ITALY 188
8.4.6.1 Rising demand from aerospace & defense industry  to drive market 188
TABLE 231 ITALY: INSULATION COATINGS MARKET, BY TYPE,  2019–2021 (USD MILLION) 189
TABLE 232 ITALY: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (USD MILLION) 189
TABLE 233 ITALY: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (KILOTON) 189
TABLE 234 ITALY: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (KILOTON) 190
TABLE 235 ITALY: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 190
TABLE 236 ITALY: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (USD MILLION) 190
TABLE 237 ITALY: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON) 191
TABLE 238 ITALY: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (KILOTON) 191
8.4.7 REST OF EUROPE 191
TABLE 239 REST OF EUROPE: INSULATION COATINGS MARKET, BY TYPE,  2019–2021 (USD MILLION) 192
TABLE 240 REST OF EUROPE: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (USD MILLION) 192
TABLE 241 REST OF EUROPE: INSULATION COATINGS MARKET, BY TYPE,  2019–2021 (KILOTON) 192
TABLE 242 REST OF EUROPE: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (KILOTON) 193
TABLE 243 REST OF EUROPE: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 193
TABLE 244 REST OF EUROPE: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (USD MILLION) 193
TABLE 245 REST OF EUROPE: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON) 194
TABLE 246 REST OF EUROPE: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (KILOTON) 194

8.5 SOUTH AMERICA 194
TABLE 247 SOUTH AMERICA: INSULATION COATINGS MARKET, BY COUNTRY,  2019–2021 (USD MILLION) 195
TABLE 248 SOUTH AMERICA: INSULATION COATINGS MARKET, BY COUNTRY,  2022–2028 (USD MILLION) 195
TABLE 249 SOUTH AMERICA: INSULATION COATINGS MARKET, BY COUNTRY,  2019–2021 (KILOTON) 195
TABLE 250 SOUTH AMERICA: INSULATION COATINGS MARKET, BY COUNTRY, 2022–2028 (KILOTON) 196
TABLE 251 SOUTH AMERICA: INSULATION COATINGS MARKET, BY TYPE,  2019–2021 (USD MILLION) 196
TABLE 252 SOUTH AMERICA: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (USD MILLION) 196
TABLE 253 SOUTH AMERICA: INSULATION COATINGS MARKET, BY TYPE,  2019–2021 (KILOTON) 197
TABLE 254 SOUTH AMERICA: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (KILOTON) 197
TABLE 255 SOUTH AMERICA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 197
TABLE 256 SOUTH AMERICA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (USD MILLION) 198
TABLE 257 SOUTH AMERICA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON) 198
TABLE 258 SOUTH AMERICA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (KILOTON) 198
8.5.1 RECESSION IMPACT 199
8.5.2 BRAZIL 199
8.5.2.1 Heavy investments in end-use industries to drive market 199
TABLE 259 BRAZIL: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (USD MILLION) 200
TABLE 260 BRAZIL: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (USD MILLION) 200
TABLE 261 BRAZIL: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (KILOTON) 200
TABLE 262 BRAZIL: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (KILOTON) 201
TABLE 263 BRAZIL: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 201
TABLE 264 BRAZIL: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (USD MILLION) 201
TABLE 265 BRAZIL: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON) 202
TABLE 266 BRAZIL: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (KILOTON) 202
8.5.3 ARGENTINA 202
8.5.3.1 Well-established automotive industry to drive market 202
TABLE 267 ARGENTINA: INSULATION COATINGS MARKET, BY TYPE,  2019–2021 (USD MILLION) 203
TABLE 268 ARGENTINA: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (USD MILLION) 203
TABLE 269 ARGENTINA: INSULATION COATINGS MARKET, BY TYPE,  2019–2021 (KILOTON) 204
TABLE 270 ARGENTINA: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (KILOTON) 204
TABLE 271 ARGENTINA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 204
TABLE 272 ARGENTINA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (USD MILLION) 205
TABLE 273 ARGENTINA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON) 205
TABLE 274 ARGENTINA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (KILOTON) 205
8.5.4 REST OF SOUTH AMERICA 206
TABLE 275 REST OF SOUTH AMERICA: INSULATION COATINGS MARKET, BY TYPE,  2019–2021 (USD MILLION) 206
TABLE 276 REST OF SOUTH AMERICA: INSULATION COATINGS MARKET, BY TYPE,  2022–2028 (USD MILLION) 206
TABLE 277 REST OF SOUTH AMERICA: INSULATION COATINGS MARKET, BY TYPE,  2019–2021 (KILOTON) 207
TABLE 278 REST OF SOUTH AMERICA: INSULATION COATINGS MARKET, BY TYPE,  2022–2028 (KILOTON) 207
TABLE 279 REST OF SOUTH AMERICA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 207
TABLE 280 REST OF SOUTH AMERICA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (USD MILLION) 208
TABLE 281 REST OF SOUTH AMERICA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON) 208
TABLE 282 REST OF SOUTH AMERICA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (KILOTON) 208
8.6 MIDDLE EAST & AFRICA 209
TABLE 283 MIDDLE EAST & AFRICA: INSULATION COATINGS MARKET, BY COUNTRY,  2019–2021 (USD MILLION) 209
TABLE 284 MIDDLE EAST & AFRICA: INSULATION COATINGS MARKET, BY COUNTRY,  2022–2028 (USD MILLION) 209
TABLE 285 MIDDLE EAST & AFRICA: INSULATION COATINGS MARKET, BY COUNTRY,  2019–2021 (KILOTON) 210
TABLE 286 MIDDLE EAST & AFRICA: INSULATION COATINGS MARKET, BY COUNTRY,  2022–2028 (KILOTON) 210
TABLE 287 MIDDLE EAST & AFRICA: INSULATION COATINGS MARKET, BY TYPE,  2019–2021 (USD MILLION) 210
TABLE 288 MIDDLE EAST & AFRICA: INSULATION COATINGS MARKET, BY TYPE,  2022–2028 (USD MILLION) 211
TABLE 289 MIDDLE EAST & AFRICA: INSULATION COATINGS MARKET, BY TYPE,  2019–2021 (KILOTON) 211
TABLE 290 MIDDLE EAST & AFRICA: INSULATION COATINGS MARKET, BY TYPE,  2022–2028 (KILOTON) 211
TABLE 291 MIDDLE EAST & AFRICA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 212
TABLE 292 MIDDLE EAST & AFRICA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (USD MILLION) 212
TABLE 293 MIDDLE EAST & AFRICA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON) 212
TABLE 294 MIDDLE EAST & AFRICA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (KILOTON) 213
8.6.1 RECESSION IMPACT 213
8.6.2 SOUTH AFRICA 213
8.6.2.1 Foreign direct investment in industrial, building & construction, and automotive industries to drive market 213
TABLE 295 SOUTH AFRICA: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (USD MILLION) 214
TABLE 296 SOUTH AFRICA: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (USD MILLION) 214
TABLE 297 SOUTH AFRICA: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (KILOTON) 214
TABLE 298 SOUTH AFRICA: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (KILOTON) 215
TABLE 299 SOUTH AFRICA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 215
TABLE 300 SOUTH AFRICA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (USD MILLION) 215
TABLE 301 SOUTH AFRICA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON) 216
TABLE 302 SOUTH AFRICA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (KILOTON) 216
8.6.3 SAUDI ARABIA 216
8.6.3.1 Boosting efficacy of oil and gas activities to drive market 216
TABLE 303 SAUDI ARABIA: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (USD MILLION) 217
TABLE 304 SAUDI ARABIA: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (USD MILLION) 217
TABLE 305 SAUDI ARABIA: INSULATION COATINGS MARKET, BY TYPE, 2019–2021 (KILOTON) 217
TABLE 306 SAUDI ARABIA: INSULATION COATINGS MARKET, BY TYPE, 2022–2028 (KILOTON) 218
TABLE 307 SAUDI ARABIA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 218
TABLE 308 SAUDI ARABIA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (USD MILLION) 218
TABLE 309 SAUDI ARABIA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON) 219
TABLE 310 SAUDI ARABIA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY,  2022–2028 (KILOTON) 219
8.6.4 REST OF MIDDLE EAST & AFRICA 219
8.6.4.1 Diversification in non-oil sectors to drive market 219
TABLE 311 REST OF MIDDLE EAST & AFRICA: INSULATION COATINGS MARKET, BY TYPE,  2019–2021 (USD MILLION) 220
TABLE 312 REST OF MIDDLE EAST & AFRICA: INSULATION COATINGS MARKET, BY TYPE,  2022–2028 (USD MILLION) 220
TABLE 313 REST OF MIDDLE EAST & AFRICA: INSULATION COATINGS MARKET, BY TYPE,  2019–2021 (KILOTON) 220
TABLE 314 REST OF MIDDLE EAST & AFRICA: INSULATION COATINGS MARKET, BY TYPE,  2022–2028 (KILOTON) 221
TABLE 315 REST OF MIDDLE EAST & AFRICA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION) 221
TABLE 316 REST OF MIDDLE EAST & AFRICA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 221
TABLE 317 REST OF MIDDLE EAST & AFRICA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON) 222
TABLE 318 REST OF MIDDLE EAST & AFRICA: INSULATION COATINGS MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON) 222
9 COMPETITIVE LANDSCAPE 223
9.1 INTRODUCTION 223
FIGURE 31 COMPANIES ADOPTED PARTNERSHIP & COLLABORATION AS KEY GROWTH STRATEGY BETWEEN 2019 AND 2023 224
9.2 MARKET SHARE ANALYSIS 225
FIGURE 32 RANKING OF KEY PLAYERS IN INSULATION COATINGS MARKET, 2022 225
FIGURE 33 MARKET SHARE OF INSULATION COATING MANUFACTURERS, 2022 225
TABLE 319 PAINTS & COATINGS MARKET: DEGREE OF COMPETITION (2022) 226
9.3 KEY PLAYER STRATEGIES 226
TABLE 320 STRATEGIC POSITIONING OF KEY PLAYERS 226
9.4 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS 227
FIGURE 34 TOP FIVE PLAYERS DOMINATED MARKET IN LAST THREE YEARS 227
9.5 COMPANY EVALUATION MATRIX 228
9.5.1 STARS 228
9.5.2 PERVASIVE PLAYERS 228
9.5.3 EMERGING LEADERS 228
9.5.4 PARTICIPANTS 228
FIGURE 35 INSULATION COATINGS MARKET: COMPANY EVALUATION MATRIX 229
9.6 STARTUPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX 230
9.6.1 PROGRESSIVE COMPANIES 230
9.6.2 RESPONSIVE COMPANIES 230
9.6.3 DYNAMIC COMPANIES 230
9.6.4 STARTING BLOCKS 230
FIGURE 36 SMES MATRIX: INSULATION COATINGS MARKET 231
9.7 COMPETITIVE BENCHMARKING 231
TABLE 321 INSULATION COATINGS MARKET: DETAILED LIST OF KEY PLAYERS 231
TABLE 322 INSULATION COATINGS MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS 232
TABLE 323 INSULATION COATINGS MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS  BY REGION 232
9.8 COMPETITIVE SCENARIO AND TRENDS 233
9.8.1 PRODUCT LAUNCHES 233
TABLE 324 INSULATION COATINGS MARKET: PRODUCT LAUNCHES, 2019–2023 233
9.8.2 DEALS 235
TABLE 325 DEALS, 2019–2023 235
9.8.3 OTHERS 240
TABLE 326 OTHERS, 2019–2023 240
10 COMPANY PROFILES 243
10.1 KEY PLAYERS 243
(Business overview, Products/Solutions/Services offered, Recent Developments, MnM view, Key strengths, Strategic choices, Weaknesses and competitive threats)*
10.1.1 AKZONOBEL 243
TABLE 327 AKZONOBEL: COMPANY OVERVIEW 243
FIGURE 37 AKZONOBEL: COMPANY SNAPSHOT 244
TABLE 328 AKZONOBEL: PRODUCT LAUNCHES 245
TABLE 329 AKZONOBEL: DEALS 245
TABLE 330 AKZONOBEL: OTHERS 246
10.1.2 PPG 248
TABLE 331 PPG: COMPANY OVERVIEW 248
FIGURE 38 PPG: COMPANY SNAPSHOT 249
TABLE 332 PPG: DEALS 250
TABLE 333 PPG: OTHERS 251
10.1.3 SHERWIN-WILLIAMS COMPANY 253
TABLE 334 SHERWIN-WILLIAMS COMPANY: COMPANY OVERVIEW 253
FIGURE 39 SHERWIN-WILLIAMS COMPANY: COMPANY SNAPSHOT 254
TABLE 335 SHERWIN-WILLIAMS COMPANY: PRODUCT LAUNCHES 255
TABLE 336 SHERWIN-WILLIAMS COMPANY: DEALS 255
TABLE 337 SHERWIN-WILLIAMS COMPANY: OTHERS 256
10.1.4 KANSAI PAINT CO., LTD. 258
TABLE 338 KANSAI PAINT CO., LTD.: BUSINESS OVERVIEW 258
FIGURE 40 KANSAI PAINT CO., LTD.: COMPANY SNAPSHOT 259
TABLE 339 KANSAI PAINT CO., LTD.: DEALS 260
10.1.5 JOTUN GROUP 262
TABLE 340 JOTUN GROUP: COMPANY OVERVIEW 262
FIGURE 41 JOTUN GROUP: COMPANY SNAPSHOT 263
TABLE 341 JOTUN GROUP: PRODUCT LAUNCHES 264
TABLE 342 JOTUN GROUP: DEALS 264
TABLE 343 JOTUN GROUP: OTHERS 264
10.1.6 NIPPON PAINT HOLDINGS CO., LTD. 266
TABLE 344 NIPPON PAINT HOLDINGS CO., LTD.: COMPANY OVERVIEW 266
FIGURE 42 NIPPON PAINT HOLDINGS CO., LTD.: COMPANY SNAPSHOT 267
TABLE 345 NIPPON PAINT HOLDINGS CO., LTD.: PRODUCT LAUNCH 268
TABLE 346 NIPPON PAINT HOLDINGS CO., LTD.: DEALS 269
TABLE 347 NIPPON PAINT HOLDINGS CO., LTD.: OTHERS 270
10.1.7 AXALTA COATING SYSTEMS 272
TABLE 348 AXALTA COATING SYSTEMS: COMPANY OVERVIEW 272
FIGURE 43 AXALTA COATING SYSTEMS: COMPANY SNAPSHOT 273
TABLE 349 AXALTA COATING SYSTEMS: PRODUCT LAUNCH 274
TABLE 350 AXALTA COATING SYSTEMS: DEALS 274
TABLE 351 AXALTA COATING SYSTEMS: OTHERS 274
10.1.8 HEMPEL 275
TABLE 352 HEMPEL: BUSINESS OVERVIEW 275
FIGURE 44 HEMPEL: COMPANY SNAPSHOT 276
TABLE 353 HEMPEL: PRODUCT LAUNCHES 277
TABLE 354 HEMPEL: DEALS 278
TABLE 355 HEMPEL: OTHERS 279
10.1.9 SEAL FOR LIFE INDUSTRIES 280
TABLE 356 SEAL FOR LIFE INDUSTRIES: COMPANY OVERVIEW 280
TABLE 357 SEAL FOR LIFE INDUSTRIES: DEALS 283
10.1.10 CARBOLINE 284
TABLE 358 CARBOLINE: COMPANY OVERVIEW 284
TABLE 359 CARBOLINE.: PRODUCT LAUNCHES 285
TABLE 360 CARBOLINE: DEALS 285
10.1.11 SHARPSHELL ENGINEERING 286
TABLE 361 SHARPSHELL ENGINEERING: BUSINESS OVERVIEW 286
*Details on Business overview, Products offered, Recent Developments, MNM view, Key strengths, Strategic choices, Weaknesses and competitive threats might not be captured in case of unlisted companies.
 
10.2 OTHER PLAYERS 287
10.2.1 CABOT CORPORATION 287
TABLE 362 CABOT CORPORATION: COMPANY OVERVIEW 287
10.2.2 TEMP-COAT 287
TABLE 363 TEMP-COAT: COMPANY OVERVIEW 287
10.2.3 SK FORMULATIONS INDIA PVT. LTD. 288
TABLE 364 SK FORMULATIONS INDIA PVT. LTD.: COMPANY OVERVIEW 288
10.2.4 LINCOLN INDUSTRIES 289
TABLE 365 LINCOLN INDUSTRIES: COMPANY OVERVIEW 289
10.2.5 THE BAYOU COMPANIES 290
TABLE 366 THE BAYOU COMPANIES: COMPANY OVERVIEW 290
10.2.6 SPI COATINGS 291
TABLE 367 MLD TECHNOLOGIES: COMPANY OVERVIEW 291
10.2.7 RUST-OLEUM CORPORATION 292
TABLE 368 RUST-OLEUM CORPORATION: COMPANY OVERVIEW 292
10.2.8 SHREE HANS ENTERPRISES 293
TABLE 369 SHREE HANS ENTERPRISES: COMPANY OVERVIEW 293
10.2.9 GENERAL COATINGS MANUFACTURING CORP. 294
TABLE 370 GENERAL COATINGS MANUFACTURING CORP.: COMPANY OVERVIEW 294
10.2.10 STARSHIELD TECHNOLOGIES PVT. LTD. 295
TABLE 371 STARSHIELD TECHNOLOGIES PVT. LTD.: COMPANY OVERVIEW 295
10.2.11 BERGER PAINTS INDIA LIMITED 296
TABLE 372 BERGER PAINTS INDIA LIMITED: COMPANY OVERVIEW 296
10.2.12 MASCO CORPORATION 296
TABLE 373 MASCO CORPORATION: COMPANY OVERVIEW 296
10.2.13 BECKERS GROUP 297
TABLE 374 BECKERS GROUP: COMPANY OVERVIEW 297
10.2.14 TIGER COATINGS GMBH & CO. KG 297
TABLE 375 TIGER COATINGS GMBH & CO. KG: COMPANY OVERVIEW 297
10.2.15 DIAMOND VOGEL PAINT COMPANY 298
TABLE 376 DIAMOND VOGEL PAINT COMPANY: COMPANY OVERVIEW 298
11 ADJACENT MARKETS 299
11.1 INTRODUCTION 299
11.2 LIMITATIONS 299
11.3 PAINTS & COATINGS MARKET 299
TABLE 377 PAINTS & COATINGS MARKET SNAPSHOT, 2021 VS. 2026 301
FIGURE 45 ACRYLIC TO BE MOST WIDELY USED RESIN TYPE FOR ARCHITECTURAL  PAINTS & COATINGS 302
FIGURE 46 ACRYLIC TO BE FASTEST-GROWING RESIN TYPE FOR INDUSTRIAL  PAINTS & COATINGS 302
FIGURE 47 WATERBORNE TECHNOLOGY TO ACCOUNT FOR LARGEST SHARE OF ARCHITECTURAL PAINTS & COATINGS MARKET 303
FIGURE 48 WATERBORNE TECHNOLOGY TO ACCOUNT FOR SECOND-LARGEST SHARE OF INDUSTRIAL PAINTS & COATINGS MARKET 303
FIGURE 49 INDUSTRIAL SEGMENT TO ACCOUNT FOR LARGER SHARE 304
FIGURE 50 ASIA PACIFIC TO BE FASTEST GROWING PAINTS & COATINGS MARKET 304
11.4 PAINTS & COATINGS MARKET, BY REGION 305
TABLE 378 PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (USD MILLION) 305
TABLE 379 PAINTS & COATINGS MARKET, BY REGION, 2021–2026 (USD MILLION) 306
TABLE 380 PAINTS & COATINGS MARKET, BY REGION, 2017–2020 (KILOTON) 306
TABLE 381 PAINTS & COATINGS MARKET, BY REGION, 2021–2026 (KILOTON) 306
12 APPENDIX 307
12.1 DISCUSSION GUIDE 307
12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL 310
12.3 RELATED REPORTS 312
12.4 AUTHOR DETAILS 313