Thermal Insulation Coating Market Size 2019 – Huge Growth Opportunities & Expansion till 2023 - PowerPoint PPT Presentation

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Thermal Insulation Coating Market Size 2019 – Huge Growth Opportunities & Expansion till 2023

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Acknowledging the kind of traction gained by this market, Market Research Future (MRFR) has recently published a study report. In its report, MRFR foretells that the global Thermal Insulation Coating market is expected to grow exponentially by 2023, registering a phenomenal CAGR during the forecast period (2017 – 2023). In addition to automobiles, TICs also witness huge uptake in the aviation (aircraft manufacturing) industry. As the demand for aircraft carriers arises, so the demand for TIC increases. Burgeoning aircraft and automotive industry drive the market growth of TIC. Free Sample Request @ – PowerPoint PPT presentation

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Title: Thermal Insulation Coating Market Size 2019 – Huge Growth Opportunities & Expansion till 2023


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Thermal Insulation Coating Market Research
Report- Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
REQUEST SAMPLE
VIEW REPORTS
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Thermal Insulation Coating Market - 2023
Global Thermal Insulation Coating Market
Research Report- by Type (Acrylic, Epoxy,
Polyurethane, Yttria Stabilized Zirconia, and
Others), by End Use (Aviation, Transportation,
Industrial, Construction, and Others) and by
Region- Forecast till 2023 Thermal Insulation
Coating are coatings applied like a paint to a
substrate. These coatings are classified into
acrylic, epoxy, polyurethane, and yttria
stabilized zirconia (YSZ). These coatings possess
characteristics exhibit low heat transfer,
chemical resistance, inertness when exposed to
outdoor conditions and energy saving in
industrial applications. Their major role is to
increase the life span or durability of a
material or any other substrate. They have
applications in end use industries such as
aviation, automotive, oil gas, and construction
industries. As per our analysis, some of the
prominent market factors and trends identified in
the Global Thermal Insulation Coating Market
include rapid urbanization, rising demand for
aircraft carriers, and increasing expenditure on
research activities. Moreover, demand for Thermal
Insulation Coating is predicted to witness a
significant growth over the assessment period due
to rapidly developing construction industry.
Rising construction activities across the globe
is anticipated to be an important driver for
Thermal Insulation Coating Market during the
review period. Increasing automobile production
and sales along with rising consumption of
interior coatings is estimated to fuel the growth
of the market. Furthermore, rapid urbanization
coupled with increasing disposable income in the
emerging economies is predicted to propel the
growth of the market during the assessment
period, 2017 to 2023. Need of protective coatings
on tools, equipment, and end decorative parts in
building construction industry is posing as a
major demand driver in the market. In addition to
this, the use of thermal insulation coating has
increased in a number of industrial applications
in a bid to protect machineries and equipment
which function in harsh environment with high
temperatures. This, in turn, is propelling the
product demand in the market. However,
implementation of strict regulations by various
government bodies has restricted the use of toxic
organic chemicals used in the production of
Thermal Insulation Coating, which is expected to
hamper the growth of the market.
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Thermal Insulation Coating Market - 2023
Regional Analysis The Global Thermal Insulation
Coating Market consists of five regions Asia
Pacific, Europe, Latin America, North America,
and the Middle East Africa. Among these, North
America is predicted to grow with the highest
CAGR during the review period, 2017 to 2023 on
account of expanding aviation industry. The
demand for Thermal Insulation Coating in
petrochemical plants is predicted to surge in
countries of the North America such as the U.S.,
Canada and Mexico due to high adoption rate by
the petrochemical producers. Moreover, the
presence of tremendous oil gas reserves in this
region is predicted to propel the growth of the
market. The North America has emerged as the
leading market region for Thermal Insulation
Coating followed by Asia Pacific and the Middle
East Africa. North American thermal insulation
coating market is predicted to witness a
tremendous growth on account of high consumption
potential, increasing production capacities, and
rising economic growth rate. In North American
region, the U.S. is predicted to be the major
contributor in the regional growth of Thermal
Insulation Coating Market and is expected to see
a significant demand for Thermal Insulation
Coating during the forecast period, 2017 to 2023.
As of 2016, the U.S accounted for the largest
market share and is followed by Canada in terms
of value volume and is estimated to grow with a
moderate CAGR on account of growth in the
production of crude oil. In Europe, the demand
for Thermal Insulation Coating is predicted to
grow in various countries such as Italy, Germany,
Spain, the U.K, France, and Russia on account of
increasing expenditure in innovation and growing
purchasing power of consumers. Moreover, presence
of major automobile manufacturers specifically in
Germany is expected to give a new impetus to the
market growth. Latin American countries such as
Argentina, Colombia, and Brazil are also
predicted to witness a substantial growth owing
to increasing consumer spending on passenger cars
as well as involvement of new technologies and
inventions in Thermal Insulation Coating. Asia
Pacific thermal insulation coating market is
predicted to grow with the moderate CAGR due to
developing crude oil processing and expanding
petroleum refineries in India and China.
Segmentation The Global Thermal Insulation
Coating Market is categorized on the basis of
type, end use industry, and region. On the basis
of type, the market is bifurcated into acrylic,
epoxy, polyurethane, yttria stabilized zirconia
and others. Based on end use, this product finds
its application in aviation, transportation,
construction, and other industrial purposes. On
the basis of region, the market is categorized
into Asia Pacific, Europe, Latin America, North
America, and the Middle East Africa.
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Thermal Insulation Coating Market - 2023
Key Players Some of the prominent players
operating in the Global Thermal Insulation
Coating Market are PPG Industries, Inc. (U.S.),
The Sherwin-Williams Company (U.S.), The Dow
Chemical Company (U.S.), Akzo Nobel N.V. (the
Netherlands), Kansai Paint Co., Ltd. (Japan),
Jotun (Norway), Nippon Paint Holdings Co., Ltd.
(Japan), Carboline Company (U.S.), Sharpshell
Industrial Solutions (South Africa), and Mascoat
(U.S.), among others. Intended Audience Thermal
Insulation Coating Manufacturers Traders and
Distributors of Thermal Insulation
Coating Production Process Industries Potential
Investors Raw Material Suppliers Nationalized
Laboratory
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ABOUT US
MARKET RESEARCH FUTURE At Market Research Future
(MRFR), we enable our customers to unravel the
complexity of various industries through our
Cooked Research Report (CRR), Half-Cooked
Research Reports (HCRR), Raw Research Reports
(3R), Continuous-Feed Research (CFR), and Market
Research Consulting Services. MRFR team have
supreme objective to provide the optimum quality
market research and intelligence services to our
clients. Our market research studies by products,
services, technologies, applications, end users,
and market players for global, regional, and
country level market segments, enable our clients
to see more, know more, and do more, which help
to answer all their most important questions. In
order to stay updated with technology and work
process of the industry, MRFR often plans
conducts meet with the industry experts and
industrial visits for its research analyst
members. For more information kindly visit
www.marketresearchfuture.com or contact us at
info_at_marketresearchfuture.com Copyright 2018
Market Research Future All Rights Reserved. This
document contains highly confidential information
and is the sole property of Market Research
Future. No part of it may be circulated, copied,
quoted, or otherwise reproduced without the
written approval of Market Research Future.
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