Newark, NJ, May 25, 2022 (GLOBE NEWSWIRE) — As per the report published by Fior Markets, The global insulation coating market is expected to grow from USD 9.35 billion in 2019 to USD 16.67 billion by 2027, at a CAGR of 7.5% during the forecast period 2020-2027. Europe has the largest share in the market due to a rise in investments in aerospace and defence as well as the growth in automotive production. Europe is emphasizing more on building & construction segment by investing a massive amount of money in developing a proper infrastructure. VOC free epoxy coatings is expected to boost the demand due to green building initiatives.
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Key players in the insulation coating market are Axalta Coatings Systems, Carboline Company, Delta T & Protective Products Inc., General Coatings, Kansai Paint Co., Ltd., Mascoat, Nippon Paint Holdings Co., Ltd., Sharpshell Industrial Solutions, Akzo Nobel N.V., Coolshield International Pty., Ltd, Jotun, Mathur Corr-Tech Pvt. Ltd., NPP Engineering, Lincoln Industries, Cabot Corporation and Excel Enterprise. Hampel launched a new product known as Versiline CUI 56990 in order to minimize the effects of corrosion under insulation. It consists of a combination of corrosion protection as well as heat resistance. It has lower maintenance cost and it reliable as well as safe.
The type segment includes silicone, polyolefin, alkyd, ceramic, vinyl acetate,…
