Insulation Coating Materials Market Analysis By Industry Size, And Share, Manufacturers, Demand, Forecast 2027
Global insulation coating materials market is projected to grow from $ 8.8 billion in 2021 to $ 12.6 billion by 2027, exhibiting a CAGR of 7.5% during the forecast period . Insulation coatings prevent the transfer of heat or sound from one surface area to another. These coatings help save energy and are used in building & construction, industrial, aerospace, marine, automotive, and other industries. The insulation coating materials market is propelled by various factors such as need for energy saving, personnel protection and surface protection in the marine industry. The marine environment is also prone to corrosion due to high moisture content. Insulation coating materials are used to provide a thermal barrier and anti-condensation capabilities for shipboard construction. Corrosion under insulation has been a crude problem in the marine application, and insulation coating materials provide corrosion protection due to their low porosity as they form a film over the substrate. Apa...