단열 코팅 시장 시장 기회, 성장 촉진요인, 산업 동향 분석, 예측(2024-2032년)

The Global Thermal Insulation Coating Market was valued at USD 10.3 billion in 2023 and is expected to grow at a CAGR of 5.5% from 2024 to 2032. Increasingly stringent energy efficiency regulations and carbon emission standards are driving the adoption of thermal insulation coatings. These coatings provide a cost-effective solution to meet energy performance standards, making them essential for new construction projects and the retrofitting of older structures. As governments worldwide promote sustainable practices, incentives and rebates further encourage the use of energy-saving technologies, boosting market growth.

Industries such as petrochemicals, power generation, oil and gas, and chemical manufacturing rely heavily on thermal insulation coatings to maintain temperature stability and improve operational efficiency. By minimizing heat loss on equipment like pipes, tanks, and boilers, these coatings enhance thermal efficiency, reduce production costs, and optimize performance. Their widespread application in industrial settings represents a key driver of market expansion.

The growing emphasis on energy efficiency has also led to an increase in renovation and retrofit projects. In developed regions, older buildings lacking adequate insulation are being updated to align with modern energy codes. Thermal insulation coatings offer an effective and economical solution for improving energy performance in these structures, making retrofitting a significant trend within the market.

The market is segmented by product type into acrylic, epoxy, polyurethane, yttria-stabilized zirconia (YSZ), mullite, and others. Acrylic coatings, which generated approximately USD 4.2 billion in revenue in 2023, are expected to grow at a CAGR of 5.7% through 2032. These coatings are favored for their durability, affordability, and weather resistance, making them popular for residential and commercial use, particularly on exterior surfaces.

By coating method, the market includes spray, brush, roll, and other application techniques. Spray coating dominated with a 51% market share in 2023 and is projected to grow at a CAGR of 5.8% over the forecast period. This method, known for its efficiency and ability to cover large or complex surfaces evenly, is widely adopted in industrial and commercial applications.

The U.S. thermal insulation coating market accounted for 82% share in 2023. The region is experiencing robust growth driven by urbanization, population increases, and a strong focus on energy-efficient construction. These trends are creating significant demand for thermal insulation coatings across both residential and infrastructure development projects.

Table of Contents

Chapter 1 Methodology & Scope

• 1.1 Market scope & definitions
• 1.2 Base estimates & calculations
• 1.3 Forecast calculations.
• 1.4 Data sources
  • 1.4.1 Primary
  • 1.4.2 Secondary
    • 1.4.2.1 Paid sources
    • 1.4.2.2 Public sources

Chapter 2 Executive Summary

• 2.1 Industry synopsis, 2021-2032

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
  • 3.1.1 Factor affecting the value chain.
  • 3.1.2 Profit margin analysis.
  • 3.1.3 Disruptions
  • 3.1.4 Future outlook
  • 3.1.5 Manufacturers
  • 3.1.6 Distributors
• 3.2 Supplier landscape
• 3.3 Profit margin analysis.
• 3.4 Key news & initiatives
• 3.5 Regulatory landscape
• 3.6 Impact forces
  • 3.6.1 Growth drivers
    • 3.6.1.1 Increasing construction activities
    • 3.6.1.2 Growing automotive industry
  • 3.6.2 Industry pitfalls & challenges
    • 3.6.2.1 Market saturation and intense competition
    • 3.6.2.2 Sustainability concerns
• 3.7 Growth potential analysis
• 3.8 Porter's analysis
• 3.9 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

• 4.1 Introduction
• 4.2 Company market share analysis
• 4.3 Competitive positioning matrix
• 4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Product Type, 2021-2032 (USD Billion) ('000 Square Meters)

• 5.1 Key trends
• 5.2 Acrylic
• 5.3 Epoxy
• 5.4 Polyurethane
• 5.5 YSZ (yttria stabilized zirconia)
• 5.6 Mullite
• 5.7 Others (silicone, ceramic, etc.)

Chapter 6 Market Estimates & Forecast, By Coating Method, 2021-2032 (USD Billion) ('000 Square Meters)

• 6.1 Key trends
• 6.2 Spray coating
• 6.3 Brush coating
• 6.4 Roll coating
• 6.5 Others

Chapter 7 Market Estimates & Forecast, By Temperature Range, 2021-2032 (USD Billion) ('000 Square Meters)

• 7.1 Key trends
• 7.2 Low temperature (<150°c)
• 7.3 Medium temperature (150-300°c)
• 7.4 High temperature (>300°c)

Chapter 8 Market Estimates & Forecast, By Application, 2021-2032 (USD Billion) ('000 Square Meters)

• 8.1 Key trends
• 8.2 Heat barrier
• 8.3 Acoustic insulation
• 8.4 Fire protection
• 8.5 Anti-condensation
• 8.6 Others

Chapter 9 Market Estimates & Forecast, By End Use, 2021-2032 (USD Billion) ('000 Square Meters)

• 9.1 Key trends
• 9.2 Building & construction
• 9.3 Industrial
  • 9.3.1 Oil & gas
  • 9.3.2 Chemical processing
  • 9.3.3 Power generation
• 9.4 Automotive & transportation
• 9.5 Aerospace & defense
• 9.6 Marine
• 9.7 Others

Chapter 10 Market Estimates & Forecast, By Distribution Channel, 2021-2032 (USD Billion) ('000 Square Meters)

• 10.1 Key trends
• 10.2 Direct
• 10.3 Indirect

Chapter 11 Market Estimates & Forecast, By Region, 2021-2032 (USD Billion) ('000 Square Meters)

• 11.1 Key trends
• 11.2 North America
  • 11.2.1 U.S.
  • 11.2.2 Canada
• 11.3 Europe
  • 11.3.1 UK
  • 11.3.2 Germany
  • 11.3.3 France
  • 11.3.4 Italy
  • 11.3.5 Spain
  • 11.3.6 Russia
• 11.4 Asia Pacific
  • 11.4.1 China
  • 11.4.2 India
  • 11.4.3 Japan
  • 11.4.4 South Korea
  • 11.4.5 Australia
• 11.5 Latin America
  • 11.5.1 Brazil
  • 11.5.2 Mexico
• 11.6 MEA
  • 11.6.1 UAE
  • 11.6.2 Saudi Arabia
  • 11.6.3 South Africa

Chapter 12 Company Profiles

• 12.1 AkzoNobel
• 12.2 BASF
• 12.3 Beckers Group
• 12.4 Dow Chemical
• 12.5 Hempel
• 12.6 Jotun
• 12.7 KCC Corporation
• 12.8 Morgan Advanced Materials
• 12.9 Nippon Paint Holdings
• 12.10 PPG Industries
• 12.11 Rheem Manufacturing
• 12.12 Saint-Gobain
• 12.13 Sherwin-Williams
• 12.14 Sto
• 12.15 Thermo-Guard