Global Insulation Coating Materials Market
Insulation Coating Materials Market
According to Verified Market Research, Global Insulation Coating Materials Market was valued at USD 8.27 Billion in 2018 and is projected to reach USD 14.45 Billion by 2026, growing at a CAGR of 7.2 % from 2019 to 2026.
Global Insulation Coating Materials Market Outlook
Owing to the increasing environmental concerns, the demand for the energy-efficient coating on the building, manufacturing equipment, and others are key factors fueling the growth of the market. In addition, to retain the heat in certain pipelines and tanks, the prevention of corrosion under insulation (CUI) and government regulations are some other factors contributing to propel the growth of the market. However, the higher the price of the coatings in comparison to the conventional one and less thermal efficiency expected to restrict the growth of the market.
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Global Insulation Coating Materials Market Competitive Landscape
The Global Insulation Coating Materials Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Jotun Group, Nippon Paint, The Sherwin-Williams Company, AkzoNobel, PPG Industries, Kansai Paint CO., LTD., Mascoat, Sharpshell Industrial Solutions, Carboline and Axalta Coating Systems. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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