About Thermal Insulation Paint
Thermal insulation paint is widely used to reduce heat loss and as a UV resistance. This type of paint is used to tackle climate change as it offers improved home insulation by protecting exterior walls from moisture penetration as well as preventing the appearance of fungi and mold. The biggest advantage of thermal insulation paint is it is environment friendly and doesn’t cause any allergies. Further, in chemical industries, it is often applied on hot surfaces such as exhaust systems to protect workers.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Syneffex (United States), SK Formulations (India), Ugam Chemicals (India), PPG Industries (United States), Sherwin-Williams (United States), Protexion (India), Nippon Paint (Japan), Excel Coatings (India), AkzoNobel (Netherlands), Seal Coatings (United Arab Emirates), isonem Paint & Insulation Technologies (Turkey), Okitsumo Inc. (Japan) and Aquolac Paints (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Thermal Insulation Paint market by Type (Barrier, Reflective and Radiation), Application (Interior and Exterior) and Region.
On the basis of geography, the market of Thermal Insulation Paint has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Paint Base Type, the sub-segment i.e. Water Base Paint will boost the Thermal Insulation Paint market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-user Industry, the sub-segment i.e. Building & Construction will boost the Thermal Insulation Paint market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Type, the sub-segment i.e. Drum will boost the Thermal Insulation Paint market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Thermal Insulation Paint market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Finishing, the sub-segment i.e. Semi-Glossy will boost the Thermal Insulation Paint market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Focus on Research and Development of Whitest Paint that is Highly Capable to Reduce the Heat
Market Growth Drivers:
Surging Demand for Thermal Insulation Paints to Reduce Heat and Save Energy Bills and Increased Use of Thermal Insulation Paint in the Exterior Cladding of Space Shuttle to Protect It from Extremely High Temperature
Challenges:
Requirement of Large Amount of Material to Form high-quality Insulating Layer and Low Fire Resistance
Restraints:
High Cost Associated With Thermal Insulation Paints Compared to Regular Paints
Opportunities:
Rapidly Growing Chemical and Petrochemical Industries Worldwide Will Create Significant Opportunities
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Thermal Insulation Paint Manufacturers, Suppliers and Distributors of Thermal Insulation Paint, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-User Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.