Improved Thermal Insulation Coatings to Promote Green Buildings

Growing necessity of products operational in high-temperature situations is anticipated to impel demand for thermal insulation coatings. These offer properties such as high tensile strength, lightweight, clarity for transparency, and low cost. Such effective features make these coatings suitable for various end-use industries.

Advanced Technologies to Boost Heat Insulation

Major product-variants of thermal insulation coatings are Acrylic, Epoxy, Polyurethane, YSZ, and Mullite. In the year 2016, acrylic type of thermal insulation coatings emerged as the largest segment owing to its effective properties such as high tensile strength and lightweight. Lightweight makes it suitable for transportation.

On the other hand, Epoxies are used in construction sector owing to properties such as dimensional stability, toughness, and heat resistance. Such useful properties make it suitable for indoor air quality and energy-efficient buildings. In addition, growing need for green buildings is likely to increase the demand. This factor may encourage manufacturing companies to invest in R&D to develop new products.

For instance, a global leader Caparol Paints has recently introduced a new and unique External Thermal Insulation Composite System (ETICS) technology. The system is efficiently non-combustible and fire resistant. This new technology is likely to improve the climate and save energy inside the buildings. This, in turn, can reduce heat and air conditioning costs through temperature maintenance. Once the technology is implemented inside any building, it is likely to increase the energy efficiency within.

Market Insights

The thermal insulation market is predicted to reach USD 11.75 billion by 2025, according to a report by Grand View Research, Inc. Continuous R&D activities in nanotechnology based on thermal insulation coatings can augment the market. Increasing necessity of energy saving and environment-friendly products may further drive the market over the forecast period (2017 to 2025). Frequent innovations, technological breakthroughs, and studies to increase applications of the product can propel expansion. Supportive government regulation, high foreign investments, and trade promotion are likely to impel product demand in the forthcoming years.

Some of the top players operating in the market for thermal insulation coatings are Mascoat, Nippon Paint Holdings Co., PPG Industries, AkzoNobel N.V., and Carboline Company.

In-Depth Research Report On Thermal Insulation Coating Market:

https://www.grandviewresearch.com/industry-analysis/thermal-insulation-coating-market