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Insulation Coatings Market Share

Report ID: GMI7041
Published Date: Oct 2023
Report Format: PDF

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Insulation Coatings Market Share

Major players operating in the Insulation Coatings industry include:

AkzoNobel
PPG Industries
BASF SE
The Dow Chemical Company
Hempel A/S
3M
Sherwin-Williams

Some of the major market players operating in the market are AkzoNobel, PPG Industries, BASF SE, The Dow Chemical Company, Hempel A/S, 3M, Sherwin-Williams among others. These players focus on strategic partnerships, new product launch & commercialization for market expansion.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market for insulation coatings was valued at USD 9.7 billion in 2022 and is anticipated to grow a CAGR of over 5.9% between 2023 and 2032, driven by increasing demand for energy efficiency and sustainability in various industries.

The oil & gas sector held a significant 30% market share in 2022 and is projected to grow through 2032, owing to their crucial role in maintaining temperature stability and preventing corrosion in pipelines and equipment.

North America market accounted for a major share of around 58.6% in 2022, driven by the country's large industrial and manufacturing base, stringent environmental regulations, and a growing emphasis on energy efficiency.

AkzoNobel, PPG Industries, BASF SE, The Dow Chemical Company, Hempel A/S, 3M, and Sherwin-Williams among others.