Thermal Insulation Coating are coatings applied like a paint to a substrate. These coatings are classified into acrylic, epoxy, polyurethane, and yttria stabilized zirconia (YSZ). These coatings possess characteristics exhibit low heat transfer, chemical resistance, inertness when exposed to outdoor conditions and energy saving in industrial applications. Their major role is to increase the life span or durability of a material or any other substrate. They have applications in end use industries such as aviation, automotive, oil & gas, and construction industries.
As per our analysis, some of the prominent market factors and trends identified in the Global Thermal Insulation Coating Market include rapid urbanization, rising demand for aircraft carriers, and increasing expenditure on research activities. Moreover, demand for Thermal Insulation Coating is predicted to witness a significant growth over the assessment period due to rapidly developing construction industry.