Global thermal insulation coatings to 2021 compound growth rate of up to 7.9%

China Coatings Online News
According to a new study, the global insulation coatings market will reach US$8.29 billion by 2021, with a compound annual growth rate of 7.9%.
research points out that polyurethane-type insulation coatings, because of their excellent energy efficiency and wide service temperature, have become the main varieties of insulation coatings, and their development speed is also the fastest. The application of this coating mainly includes civil construction, commercial construction, industrial construction and so on. Polyurethane-type insulation coatings have excellent dielec and moisture resistance, and cost-effective, suitable for steel, concrete, wood, wall and other substrate coating.
, the Asia-Pacific region is a major market for insulation coatings across the world. For example, in 2015, the rapid development of the asia-Pacific shipbuilding and aviation industries contributed to the further development of the region's insulation coatings market, resulting in the highest growth rate in the world. It is worth mentioning that China has become the world's largest market for insulation coatings because of the strong driving effect of its manufacturing industry. In addition, the field of scientific research continues to be active, the industry demand for new high-performance insulation materials, which directly pushed up the consumption of insulation coatings. Predictably, the market prospects for insulation coatings are bright.
companies involved in the global insulation coatings market include: The Dow Chemical Company (USA), Akzo Nobel NV (Netherlands), PPG Industries (USA), The Sherwin-Williams Company (USA), Kansai Paint (Japan), Jotun Group (Norway), Mascoat (USA), Carboline (USA), Nippon Paint (Japan) and Sharpshell Industrial Solution (South Africa).
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