Thermal Insulation Coating Market Size, Share & Trends Analysis Report By Product (Acrylic, Epoxy, Polyurethane, YSZ, Mullite), By Application (Building & Construction, Manufacturing), By Region, And Segment Forecasts, 2025 - 2030
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Thermal Insulation Coating Market Growth & Trends
The global thermal insulation coating market size is estimated treach USD 15.10 billion by 2030, registering tgrow at a CAGR of 5.1% from 2025 t2030 according ta new report by Grand View Research, Inc. Developments in manufacturing & industrial sector are projected timpact demand positively. Thermal insulation coatings lessen the heat loss in various equipment, thus improving their performance and reducing the overall maintenance cost.
Favorable government regulations and initiatives tstrengthen the manufacturing industry, such as the provisions for subsidy, increasing foreign investments and trade promotion are projected taugment product demand over the forecast period. Some of the initiatives are Belt and Road initiative in China, Make in India initiative by the Indian government, and Buy American Hire American initiative in the U.S, etc.
Increased demand for the products which are capable of working in high-temperatures in both cyclic and isothermal models is anticipated tfoster usage in the manufacturing sector. New product launches have enabled consumers tpick application specific product from a wide range of options. The widening of product distribution channels has alsmade these products readily available tthe users, thus acting as a driving force for the growth of this market.
Thermal Insulation Coating Market Report Highlights
Thermal Insulation Coating Market Growth & Trends
The global thermal insulation coating market size is estimated treach USD 15.10 billion by 2030, registering tgrow at a CAGR of 5.1% from 2025 t2030 according ta new report by Grand View Research, Inc. Developments in manufacturing & industrial sector are projected timpact demand positively. Thermal insulation coatings lessen the heat loss in various equipment, thus improving their performance and reducing the overall maintenance cost.
Favorable government regulations and initiatives tstrengthen the manufacturing industry, such as the provisions for subsidy, increasing foreign investments and trade promotion are projected taugment product demand over the forecast period. Some of the initiatives are Belt and Road initiative in China, Make in India initiative by the Indian government, and Buy American Hire American initiative in the U.S, etc.
Increased demand for the products which are capable of working in high-temperatures in both cyclic and isothermal models is anticipated tfoster usage in the manufacturing sector. New product launches have enabled consumers tpick application specific product from a wide range of options. The widening of product distribution channels has alsmade these products readily available tthe users, thus acting as a driving force for the growth of this market.
Thermal Insulation Coating Market Report Highlights
- Yttria-Stabilized Zirconia (YSZ) led the market with a revenue share of 33.7% in 2024, attributed tits outstanding thermal resistance and durability in extreme temperatures.
- The manufacturing segment dominated with a revenue share of 31.6% in 2024.
- Asia Pacific thermal insulation coating market dominated the global market with a revenue share of 33.7% in 2024.
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
CHAPTER 3. THERMAL INSULATION COATING MARKET VARIABLES, TRENDS & SCOPE
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related Market Outlook
3.2. Industry Value Chain Analysis
3.3. Regulatory Framework
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Industry Analysis Tools
3.5.1. Porter’s Five Forces Analysis
3.5.2. Macro-environmental Analysis
CHAPTER 4. THERMAL INSULATION COATING MARKET: PRODUCT ESTIMATES & TREND ANALYSIS
4.1. Segment Dashboard
4.2. Thermal Insulation Coating Market: Product Movement Analysis & Market Share, 2024 & 2030
4.3. Acrylic
4.3.1. Acrylic Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.4. Epoxy
4.4.1. Epoxy Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.5. Polyurethane
4.5.1. Polyurethane Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.6. YSZ
4.6.1. YSZ Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.7. Mullite
4.7.1. Mullite Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
CHAPTER 5. THERMAL INSULATION COATING MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
5.1. Segment Dashboard
5.2. Thermal Insulation Coating Market: Application Movement Analysis & Market Share, 2024 & 2030
5.3. Building & Construction
5.3.1. Building & Construction Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.4. Automotive & Transportation
5.4.1. Automotive & Transportation Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.5. Aerospace & Defense
5.5.1. Aerospace & Defense Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.6. Manufacturing
5.6.1. Manufacturing Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.7. Others
5.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
CHAPTER 6. THERMAL INSULATION COATING MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
6.1. Regional Movement Analysis & Market Share, 2024 & 2030
6.2. North America
6.2.1. North America Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
6.2.2. U.S.
6.2.2.1. Key country dynamics
6.2.2.2. U.S. Thermal Insulation Coating market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.3. Europe
6.3.1. Europe Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
6.3.2. Germany
6.3.2.1. Key country dynamics
6.3.2.2. Germany Thermal Insulation Coating market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.3.3. UK
6.3.3.1. Key country dynamics
6.3.3.2. UK Thermal Insulation Coating market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.3.4. France
6.3.4.1. Key country dynamics
6.3.4.2. France Thermal Insulation Coating market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.4. Asia Pacific
6.4.1. Asia Pacific Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
6.4.2. China
6.4.2.1. Key country dynamics
6.4.2.2. China Thermal Insulation Coating market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.4.3. Japan
6.4.3.1. Key country dynamics
6.4.3.2. Japan Thermal Insulation Coating market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.4.4. India
6.4.4.1. Key country dynamics
6.4.4.2. India Thermal Insulation Coating market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.5. Latin America
6.5.1. Latin America Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
6.6. Middle East & Africa
6.6.1. Middles East & Africa Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
CHAPTER 7. THERMAL INSULATION COATING MARKET - COMPETITIVE LANDSCAPE
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Company Categorization
7.3. Company Heat Map/ Position Analysis, 2024
7.4. Strategy Mapping
7.4.1. Expansion
7.4.2. Mergers & Acquisition
7.4.3. Partnerships & Collaborations
7.4.4. New Product Launches
7.4.5. Research and Development
7.5. Company Profiles
7.5.1. Evonik Industries AG
7.5.1.1. Participant’s overview
7.5.1.2. Financial performance
7.5.1.3. Product benchmarking
7.5.1.4. Recent developments
7.5.2. Mascoat
7.5.2.1. Participant’s overview
7.5.2.2. Financial performance
7.5.2.3. Product benchmarking
7.5.2.4. Recent developments
7.5.3. Carboline
7.5.3.1. Participant’s overview
7.5.3.2. Financial performance
7.5.3.3. Product benchmarking
7.5.3.4. Recent developments
7.5.4. Nippon Paint Holdings Co., Ltd.
7.5.4.1. Participant’s overview
7.5.4.2. Financial performance
7.5.4.3. Product benchmarking
7.5.4.4. Recent developments
7.5.5. Akzo Nobel N.V.
7.5.5.1. Participant’s overview
7.5.5.2. Financial performance
7.5.5.3. Product benchmarking
7.5.5.4. Recent developments
7.5.6. PPG Industries, Inc.
7.5.6.1. Participant’s overview
7.5.6.2. Financial performance
7.5.6.3. Product benchmarking
7.5.6.4. Recent developments
7.5.7. The Sherwin-Williams Company
7.5.7.1. Participant’s overview
7.5.7.2. Financial performance
7.5.7.3. Product benchmarking
7.5.7.4. Recent developments
7.5.8. Kansai Paint Co., Ltd.
7.5.8.1. Participant’s overview
7.5.8.2. Financial performance
7.5.8.3. Product benchmarking
7.5.8.4. Recent developments
7.5.9. Grand Polycoats Company Pvt. Ltd.
7.5.9.1. Participant’s overview
7.5.9.2. Financial performance
7.5.9.3. Product benchmarking
7.5.9.4. Recent developments
7.5.10. Sika AG
7.5.10.1. Participant’s overview
7.5.10.2. Financial performance
7.5.10.3. Product benchmarking
7.5.10.4. Recent developments
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
CHAPTER 3. THERMAL INSULATION COATING MARKET VARIABLES, TRENDS & SCOPE
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related Market Outlook
3.2. Industry Value Chain Analysis
3.3. Regulatory Framework
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Industry Analysis Tools
3.5.1. Porter’s Five Forces Analysis
3.5.2. Macro-environmental Analysis
CHAPTER 4. THERMAL INSULATION COATING MARKET: PRODUCT ESTIMATES & TREND ANALYSIS
4.1. Segment Dashboard
4.2. Thermal Insulation Coating Market: Product Movement Analysis & Market Share, 2024 & 2030
4.3. Acrylic
4.3.1. Acrylic Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.4. Epoxy
4.4.1. Epoxy Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.5. Polyurethane
4.5.1. Polyurethane Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.6. YSZ
4.6.1. YSZ Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.7. Mullite
4.7.1. Mullite Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
CHAPTER 5. THERMAL INSULATION COATING MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
5.1. Segment Dashboard
5.2. Thermal Insulation Coating Market: Application Movement Analysis & Market Share, 2024 & 2030
5.3. Building & Construction
5.3.1. Building & Construction Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.4. Automotive & Transportation
5.4.1. Automotive & Transportation Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.5. Aerospace & Defense
5.5.1. Aerospace & Defense Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.6. Manufacturing
5.6.1. Manufacturing Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.7. Others
5.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
CHAPTER 6. THERMAL INSULATION COATING MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
6.1. Regional Movement Analysis & Market Share, 2024 & 2030
6.2. North America
6.2.1. North America Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
6.2.2. U.S.
6.2.2.1. Key country dynamics
6.2.2.2. U.S. Thermal Insulation Coating market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.3. Europe
6.3.1. Europe Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
6.3.2. Germany
6.3.2.1. Key country dynamics
6.3.2.2. Germany Thermal Insulation Coating market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.3.3. UK
6.3.3.1. Key country dynamics
6.3.3.2. UK Thermal Insulation Coating market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.3.4. France
6.3.4.1. Key country dynamics
6.3.4.2. France Thermal Insulation Coating market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.4. Asia Pacific
6.4.1. Asia Pacific Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
6.4.2. China
6.4.2.1. Key country dynamics
6.4.2.2. China Thermal Insulation Coating market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.4.3. Japan
6.4.3.1. Key country dynamics
6.4.3.2. Japan Thermal Insulation Coating market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.4.4. India
6.4.4.1. Key country dynamics
6.4.4.2. India Thermal Insulation Coating market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.5. Latin America
6.5.1. Latin America Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
6.6. Middle East & Africa
6.6.1. Middles East & Africa Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
CHAPTER 7. THERMAL INSULATION COATING MARKET - COMPETITIVE LANDSCAPE
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Company Categorization
7.3. Company Heat Map/ Position Analysis, 2024
7.4. Strategy Mapping
7.4.1. Expansion
7.4.2. Mergers & Acquisition
7.4.3. Partnerships & Collaborations
7.4.4. New Product Launches
7.4.5. Research and Development
7.5. Company Profiles
7.5.1. Evonik Industries AG
7.5.1.1. Participant’s overview
7.5.1.2. Financial performance
7.5.1.3. Product benchmarking
7.5.1.4. Recent developments
7.5.2. Mascoat
7.5.2.1. Participant’s overview
7.5.2.2. Financial performance
7.5.2.3. Product benchmarking
7.5.2.4. Recent developments
7.5.3. Carboline
7.5.3.1. Participant’s overview
7.5.3.2. Financial performance
7.5.3.3. Product benchmarking
7.5.3.4. Recent developments
7.5.4. Nippon Paint Holdings Co., Ltd.
7.5.4.1. Participant’s overview
7.5.4.2. Financial performance
7.5.4.3. Product benchmarking
7.5.4.4. Recent developments
7.5.5. Akzo Nobel N.V.
7.5.5.1. Participant’s overview
7.5.5.2. Financial performance
7.5.5.3. Product benchmarking
7.5.5.4. Recent developments
7.5.6. PPG Industries, Inc.
7.5.6.1. Participant’s overview
7.5.6.2. Financial performance
7.5.6.3. Product benchmarking
7.5.6.4. Recent developments
7.5.7. The Sherwin-Williams Company
7.5.7.1. Participant’s overview
7.5.7.2. Financial performance
7.5.7.3. Product benchmarking
7.5.7.4. Recent developments
7.5.8. Kansai Paint Co., Ltd.
7.5.8.1. Participant’s overview
7.5.8.2. Financial performance
7.5.8.3. Product benchmarking
7.5.8.4. Recent developments
7.5.9. Grand Polycoats Company Pvt. Ltd.
7.5.9.1. Participant’s overview
7.5.9.2. Financial performance
7.5.9.3. Product benchmarking
7.5.9.4. Recent developments
7.5.10. Sika AG
7.5.10.1. Participant’s overview
7.5.10.2. Financial performance
7.5.10.3. Product benchmarking
7.5.10.4. Recent developments
