Energy Efficient Coatings Market statistics and research analysis released in latest report

1
Energy Efficient Coatings Market outlook,
regional growth industry share by 2024.
Energy Efficient Coatings Market size will
witness significant growth during forecast
timeframe owing to its increasing application
outlook in automotive, electrical, construction,
transportation and furniture industry. Growing
consumer inclination towards environment friendly
and energy saving products also should signify
positive industry outlook driving product demand.
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• Overview

• Global construction industry is expected to
  surpass USD 13 trillion by 2024 owing to rising
  urban population in emerging economies like
  Brazil, Thailand, Indonesia and Argentina.
  Increasing construction frequency of commercial
  buildings skyscrapers along with growing demand
  for energy efficient smart construction should
  propel industry growth. Energy efficient coatings
  lowers internal building temperatures preventing
  heat island effect driving down energy cost for
  cooling systems.
• Europe automotive manufacturing industry sized to
  be over USD 1 trillion along with sales of over
  17 million units in 2014. Energy efficient
  coatings find extensive application scope in
  automotive industry owing to stringent
  environment protection regulations pertaining to
  emission control fuel efficiency. These
  coatings are used in rooftop panels to control
  cabin temperature increasing HVAC efficiency,
  translating into higher fuel economy and reduced
  pollution driving energy efficient coatings
  product demand.
• Energy efficient coatings are also widely used in
  aerospace defense industry to insulate exhaust
  systems, aerodynamic fairings, fire barriers,
  heat shields, suppression systems and nacelle
  fire walls which operate under extreme high
  temperature ranges.

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• Product range for energy efficient coatings are
  based on acrylic, epoxy, polyester
  epoxy-polyester materials. Epoxy based products
  are used in electrical industry as dielectric
  insulators for aluminum and copper conductors
  owing to its excellent flexibility, durability
  and adhesive characteristics. They are also
  widely used in construction industry which can be
  attributed to its low heat conductivity,
  excellent shock resistance properties, toughness
  and dimensional stability.
• Manufacturing industry accounts to have large
  application segment of the global product demand
  powered by growth in manufacturing sector owing
  to various government initiatives like Buy
  American Hire American, Make in India and One
  Belt One Road strengthening energy efficient
  coatings industry size. Industrial machineries
  equipment require high heat barrier layers to
  perform optimally under extreme temperature
  ranges, hence driving product demand.
• Strong investments offered by manufacturers
  towards RD in lieu to develop cost effective
  performance products along with strong
  technological development in nanotechnology based
  thermal insulation should boost market growth.

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4

• 360 Analysis

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• In February 2016, PPG invested over USD 7 million
  in coating innovation center enhancing its
  resources in laboratory and testing space.
  Similar investments made by other industry
  players to capitalize higher market share should
  propel energy efficient coatings market size.
• Acrylic based energy efficient coatings should
  witness significant gains during projected
  timeframe owing to increasing demand for light
  weight, low cost, high tensility and
  transparency. They are widely used in
  construction industry pertaining to prevent
  premature degradation of roof membranes and
  offering energy efficiency under immoderate
  climatic conditions. Strict regulations related
  to chrome free inhibitors and VOC reduction
  should further support industry growth.
• U.S. energy efficient coatings market size will
  witness strong gains by 2024 owing to its solid
  application scope in aerospace defense and
  construction industry. Strict regulatory regimes
  regarding emission control, energy efficient
  smart constructions should drive regional product
  demand.

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Competitive Trends

• The notable industries Energy Efficient Coatings
  are
• AkzoNobel,
• BASG,
• PPG,
• IGP,
• Berger Paints,
• Kansai Paints,
• TCI
• Axalta

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