Market Size of Thermal Insulation Coatings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Thermal Insulation Coatings Market Analysis
The thermal insulation coatings market is expected to record a CAGR of more than 5.5% during the forecast period (2022-2027).
The COVID-19 pandemic had negatively impacted the market. However, the market has now been estimated to have reached pre-pandemic levels.
- Major factors driving the market studied are the construction of new refineries and increasing demand in the construction industry.
- Increasing demand from the marine industry is expected to act like an opportunity for the market.
- Asia-Pacific dominated the market across the world, with the largest consumption from countries such as China and India.
