The insulation coatings market will reach $8.29 billion by 2021.

According to a recent research report, the global insulation

market will reach US$8.29 billion by 2021, with a compound annual growth rate of 7.9%.
research points out that polyurethane insulation coatings, because of their excellent energy efficiency and wide service temperature, have become the main varieties of insulation coatings, and their development is the fastest. The application areas of the coating mainly include civil construction, commercial buildings, industrial buildings and so on. Polyurethane insulation coatings offer excellent dielectric and moisture-proof properties and are cost-effective for coating substrates such as steel, concrete, wood and walls.asia-Pacific region is the world's leading market for thermal insulation coatings, according to a new study. For example, the rapid development of the shipbuilding and aviation industries in the Asia-Pacific region in 2015 contributed to the further development of the insulation coatings market in the region, making it the fastest growing in the world. It is worth mentioning that China has become the world's largest market for insulation coatings due to the strong driving effect of its manufacturing industry. In addition, the field of scientific research continues to be active, and the demand for new high-performance insulation materials in various industries is strong, which directly drives up the consumption demand for insulation coatings. Predictably, the thermal insulation coatings market prospects are bright.
companies involved in the global thermal 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 Sharon Industrial Solution (South Africa).