단열 코팅 : 시장 점유율 분석, 산업 동향, 통계, 성장 예측(2025-2030년)

The Thermal Insulation Coatings Market size is estimated at USD 79.09 billion in 2025, and is expected to reach USD 103.36 billion by 2030, at a CAGR of 5.5% during the forecast period (2025-2030).

This performance signals sustained demand that now stretches far beyond conventional construction use cases and into electrified process-heat systems, LNG infrastructure, and battery thermal management. Enforceable energy-efficiency codes, mounting decarbonization mandates, and the build-out of fourth-generation district-heating grids across Europe are accelerating the adoption of advanced thermal barriers capable of service temperatures above 1,200 °C. In parallel, Asia-Pacific's industrial expansion is widening the customer base for high-performance coatings in refineries, petrochemicals, and automotive components, while North American aerospace programs are stimulating uptake of ultra-high-temperature yttria-stabilized zirconia (YSZ) systems. The resulting competitive environment rewards suppliers that combine vertical integration with materials science advances, such as hybrid aerogel-epoxy formulations that deliver sub-0.020 W m-1 K-1 thermal conductivity.

Global Thermal Insulation Coatings Market Trends and Insights

Construction of New Refineries

Global refinery buildouts continue to anchor the thermal insulation coatings market. New complexes in India, China, and the Arabian Gulf specify multilayer epoxy barriers for distillation towers and heat-exchanger shells that run between 200 °C and 800 °C. Project owners increasingly bundle corrosion resistance and digital thickness monitoring into the same coating package to curb unplanned outages and extend asset life. Suppliers that can certify systems for both normal and cyclic temperature environments gain access to the largest capital projects pipeline.

Expansion of District Heating and Cooling Networks

Fourth-generation district-heating grids operate at lower supply temperatures, demanding coatings capable of reducing distribution losses while surviving repetitive thermal cycling. Denmark's municipal energy cooperatives demonstrate that advanced insulation can shave multiple percentage points from annual heat losses, thereby improving heat-pump efficiency. Similar retrofits across Germany and Sweden specify aerogel-infused primers to meet the stricter heat-retention targets.

High Capital Requirement

Plasma-spray booths, automated gantries, and controlled-atmosphere curing ovens can cost several million USD, limiting new-entrant capacity. Large integrated producers therefore dominate long-run supply contracts, while smaller applicators face financing hurdles. Portfolio restructuring, as seen in recent divestiture discussions inside diversified chemistry groups, underscores capital intensity pressures.

Other drivers and restraints analyzed in the detailed report include:

1. Increasing Demand for Construction Industry
2. Electrification of Process-Heat in Heavy Industry
3. Volatile Raw-Material (Epoxy and PU) Prices

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Epoxy systems retained a 36.19% share of the thermal insulation coatings market in 2024, buoyed by strong adhesion and chemical resistance that suit refinery piping, marine deck plates, and offshore platforms. They underpin a significant portion of the thermal insulation coatings market size for protective-lining projects scheduled across APAC and the Middle East. Enhanced formulations embed hollow-glass microspheres to bring thermal conductivity below 0.180 W m-1 K-1 without sacrificing film toughness.

Silica-aerogel coatings, while holding only single-digit revenue today, record a 5.91% CAGR to 2030. Ultra-low conductivity readings of 0.015 W m-1 K-1 unlock ambient-pressure applications that once demanded vacuum-insulated panels. Manufacturers co-disperse aerogel powder into epoxy matrices to combine mechanical strength with near-super-insulating performance, giving the segment outsized influence on future specifications. At the aerospace frontier, entropy-stabilized oxide and YSZ platforms target turbine-blade skins running above 1,200 °C, suggesting further technology crossover opportunities.

Liquid spray lines captured 45.19% of thermal insulation coatings market share in 2024 and continue to outpace other forms at a 6.45% CAGR. Their chief advantages include seamless coverage on weld seams and radius bends, plus production-rate gains from robot-integrated spray heads. Process yards now deploy vision analytics to gauge wet-film thickness and self-correct gun speed, minimizing overspray and improving yield. Powder lines remain relevant in gridshell architecture and certain pipeline externals where electrostatic attraction ensures uniform film builds.

The Thermal Insulation Coatings Market Report is Segmented by Resin Type (Acrylic, Epoxy, Polyurethane, and More), Coating Form (Liquid Spray, Powder, Vacuum-Deposited), Application (Building Envelope, Industrial Equipment and Pipelines, Storage Tanks and Vessels, and More), End-User Industry (Building and Construction, Industrial/Manufacturing, Automotive, and More), and Geography (Asia Pacific, North America, Europe, and More).

Geography Analysis

Asia-Pacific holds 40.08% of 2024 revenue, reflecting megaproject pipelines in China, India, and South Korea. Regional governments prioritize refinery self-sufficiency, which directly inflates the thermal insulation coatings market. Added momentum comes from LNG cold-chain terminals in Japan and floating storage regasification units serving Southeast Asian islands.

North America is assisted by aerospace propulsion programs and process-heat electrification pilots in heavy industry alleys. Federal stimulus packages encourage district-energy retrofits, steering municipal utilities toward advanced coating overlays that lower distribution losses. Regulations like Canada's National Energy Code for Buildings 2020, which lifts thermal-resistance requirements for wall assemblies, anchor recurrent demand for spray-applied ceramic microsphere products.

Europe maintains leadership in policy-driven decarbonization and commands the densest district-heating market, fostering continuous specification upgrades for coatings with validated ex-situ thermal-cycling endurance. Scarcity of new-build heavy industry shifts focus to retrofitting aging industrial parks with high-temperature heat-pump systems, where coatings moderate conductive losses on hot-oil loops. Meanwhile, the Middle-East and Africa leverages oil-capex programs to expand adoption in petrochemical parks, whereas South America's mining belts employ coatings to buffer process vessels against aggressive acids and wide daily temperature swings.

1. AkzoNobel N.V.
2. BASF
3. Behr Process LLC
4. DAW SE
5. Dow
6. Evonik Industries AG
7. Hempel A/S
8. Jotun
9. Kansai Paint Co., Ltd
10. Mascoat
11. Nippon Paint Holdings Co., Ltd
12. OC Oerlikon Management AG
13. PPG Industries, Inc.
14. RPM International
15. Sharpshell Engineering
16. Sika AG
17. Synavax
18. The Sherwin-Williams Company

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Construction of New Refineries
  • 4.2.2 Expansion of District Heating and Cooling Networks
  • 4.2.3 Increasing demand for the construction industry
  • 4.2.4 Electrification of Process-Heat in Heavy Industry
  • 4.2.5 Surge in LNG Cold-Chain Logistics
• 4.3 Market Restraints
  • 4.3.1 High Capital Requirement
  • 4.3.2 Volatile Raw-Material (Epoxy and PU) Prices
  • 4.3.3 Limited Applicability in Ultra High Temperature Assets
• 4.4 Supply Chain Analysis
• 4.5 Porter's Five Forces
  • 4.5.1 Bargaining Power of Suppliers
  • 4.5.2 Bargaining Power of Buyers
  • 4.5.3 Threat of New Entrants
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Competitive Rivalry

5 Market Size and Growth Forecasts (Value)

• 5.1 By Resin Type
  • 5.1.1 Acrylic
  • 5.1.2 Epoxy
  • 5.1.3 Polyurethane
  • 5.1.4 Yttria-Stabilised Zirconia (YSZ)
  • 5.1.5 Other Resin Types (Silica Aerogel-Based, etc.)
• 5.2 By Coating Form
  • 5.2.1 Liquid Spray
  • 5.2.2 Powder
  • 5.2.3 Vacuum-Deposited
• 5.3 By Application
  • 5.3.1 Building Envelope (Walls, Roofs)
  • 5.3.2 Industrial Equipment and Pipelines
  • 5.3.3 Storage Tanks and Vessels
  • 5.3.4 Automotive Components
  • 5.3.5 Marine Hull and Deck Structures
  • 5.3.6 Aerospace and Turbine Parts
• 5.4 By End-user Industry
  • 5.4.1 Building and Construction
  • 5.4.2 Industrial/Manufacturing
  • 5.4.3 Automotive
  • 5.4.4 Marine
  • 5.4.5 Others (Food Processing, Pharma)
• 5.5 By Geography
  • 5.5.1 Asia Pacific
    • 5.5.1.1 China
    • 5.5.1.2 India
    • 5.5.1.3 Japan
    • 5.5.1.4 South Korea
    • 5.5.1.5 Rest of Asia Pacific
  • 5.5.2 North America
    • 5.5.2.1 United States
    • 5.5.2.2 Canada
    • 5.5.2.3 Mexico
  • 5.5.3 Europe
    • 5.5.3.1 Germany
    • 5.5.3.2 United Kingdom
    • 5.5.3.3 France
    • 5.5.3.4 Italy
    • 5.5.3.5 Rest of Europe
  • 5.5.4 South America
    • 5.5.4.1 Brazil
    • 5.5.4.2 Argentina
    • 5.5.4.3 Rest of South America
  • 5.5.5 Middle-East and Africa
    • 5.5.5.1 Saudi Arabia
    • 5.5.5.2 South Africa
    • 5.5.5.3 Rest of Middle-East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share(%)/Ranking Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
  • 6.4.1 AkzoNobel N.V.
  • 6.4.2 BASF
  • 6.4.3 Behr Process LLC
  • 6.4.4 DAW SE
  • 6.4.5 Dow
  • 6.4.6 Evonik Industries AG
  • 6.4.7 Hempel A/S
  • 6.4.8 Jotun
  • 6.4.9 Kansai Paint Co., Ltd
  • 6.4.10 Mascoat
  • 6.4.11 Nippon Paint Holdings Co., Ltd
  • 6.4.12 OC Oerlikon Management AG
  • 6.4.13 PPG Industries, Inc.
  • 6.4.14 RPM International
  • 6.4.15 Sharpshell Engineering
  • 6.4.16 Sika AG
  • 6.4.17 Synavax
  • 6.4.18 The Sherwin-Williams Company

7 Market Opportunities and Future Outlook

• 7.1 White-space and Unmet-Need Assessment