Thermal Insulation Coating Market To Reach $15.10 Billion By 2030

Thermal Insulation Coating Market Growth & Trends

The global thermal insulation coating market size is estimated to reach USD 15.10 billion by 2030, registering to grow at a CAGR of 5.1% from 2025 to 2030 according to a new report by Grand View Research, Inc. Developments in manufacturing & industrial sector are projected to impact demand positively. Thermal insulation coatings lessen the heat loss in various equipment, thus improving their performance and reducing the overall maintenance cost.

Favorable government regulations and initiatives to strengthen the manufacturing industry, such as the provisions for subsidy, increasing foreign investments and trade promotion are projected to augment product demand over the forecast period. Some of the initiatives are Belt and Road initiative in China, Make in India initiative by the Indian government, and Buy American Hire American initiative in the U.S, etc.

Increased demand for the products which are capable of working in high-temperatures in both cyclic and isothermal models is anticipated to foster usage in the manufacturing sector. New product launches have enabled consumers to pick application specific product from a wide range of options. The widening of product distribution channels has also made these products readily available to the users, thus acting as a driving force for the growth of this market.

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Thermal Insulation Coating Market Report Highlights

• Yttria-Stabilized Zirconia (YSZ) led the market with a revenue share of 33.7% in 2024, attributed to its outstanding thermal resistance and durability in extreme temperatures.

• The manufacturing segment dominated with a revenue share of 31.6% in 2024.

• Asia Pacific thermal insulation coating market dominated the global market with a revenue share of 33.7% in 2024.  

Thermal Insulation Coating Market Segmentation

Grand View Research has segmented the global thermal insulation coating market based on product, application, and region:

Thermal Insulation Coating Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Acrylic

• Epoxy

• Polyurethane

• YSZ

• Mullite

Thermal Insulation Coating Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Building & Construction

• Automotive & Transportation

• Aerospace & Defense

• Manufacturing

• Others

Thermal Insulation Coating Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

• Europe

  • Germany

  • France

  • UK

• Asia Pacific

  • China

  • India

  • Japan

• Latin America

• Middle East and Africa

List of Key Players in Thermal Insulation Coating Market

• Evonik Industries AG

• Mascoat

• Carboline

• Nippon Paint Holdings Co., Ltd.

• Akzo Nobel N.V.

• PPG Industries, Inc.

• The Sherwin-Williams Company

• Kansai Paint Co., Ltd.

• Grand Polycoats Company Pvt. Ltd.

• Sika AG