Global thermal insulation coating market projected to reach USD 16.6 billion by 2032

From GlobeNewswire: 2024-12-10 07:30:00

The global thermal insulation coating market is projected to reach USD 16.6 billion by 2032, driven by energy efficiency regulations and carbon emission standards. Industries like petrochemicals and power generation rely on these coatings for temperature stability and cost reduction. The U.S. market leads with an 82% share, fueled by urbanization and energy-efficient construction trends.

Thermal insulation coatings are crucial for new construction projects and retrofitting older structures to meet energy performance standards. Acrylic coatings, valued at USD 4.2 billion in 2023, are expected to grow at a CAGR of 5.7% through 2032. Spray coating methods dominate with a 51% market share, known for their efficiency and even coverage on large surfaces.

Retrofitting projects in developed regions are increasing to enhance energy performance in older buildings. The market is segmented by product type, including acrylic, epoxy, polyurethane, and others. The emphasis on energy efficiency is driving significant growth in the thermal insulation coating market, with a focus on residential and commercial applications.

For more information and to access a sample of the research report on the thermal insulation coating market, visit the website provided. Global Market Insights Inc. offers comprehensive industry reports and consulting services to aid strategic decision-making in key sectors like chemicals, renewable energy, and biotechnology. Contact the team for more details and market insights.



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