North America Thermal Insulation Coating Market Size, Share & Trends Analysis Report By Product (Acrylic, Polyurethanes, Epoxy, Yttria-Stabilized Zirconia (YSZ), and Other Products), By Application, By Country and Growth Forecast, 2024

Description

List of Tables

The North America Thermal Insulation Coating Market would witness market growth of 5.8% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 565.12 kilo tonnes, showcasing a growth of 25.1% (2020-2023).

Acrylic thermal insulation coatings are gaining traction due to their affordability, UV stability, and ease of application. Often used on building exteriors, they offer moderate thermal insulation, helping reduce indoor temperatures and energy consumption. Market demand is rising as the construction industry embraces energy-efficient materials. Increasing regulations on energy performance in residential and commercial buildings further boost the appeal of acrylic coatings. Thus, in Canada, 132.99 kilo tonnes of Acrylic thermal insulation coatings is expected to be utilized by the year 2031.

The US market dominated the North America Thermal Insulation Coating Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,956.4 million by 2031. The Canada market is experiencing a CAGR of 7.8% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 7.2% during (2024 - 2031).

Thermal insulation coatings are specially developed coatings applied to surfaces to control or reduce the transfer of heat. These coatings are designed to either prevent heat loss from hot surfaces or reduce heat gain in cooler environments, thereby improving energy efficiency, enhancing thermal performance, and providing protection against temperature extremes. The primary purpose of these coatings is to manage heat flow, whether in industrial equipment, buildings, or other structures, to maintain optimal temperature conditions and reduce the need for additional energy input for heating or cooling.

These coatings are typically made from materials that have low thermal conductivity, meaning they are effective at minimizing heat transfer. They can be applied to a wide variety of surfaces, including pipes, tanks, boilers, machinery, walls, roofs, and even windows. The formulations may contain insulating materials such as ceramic beads, glass microspheres, or other advanced materials that help create a barrier to heat transfer. Additionally, thermal insulation coatings often provide other benefits such as corrosion resistance, abrasion resistance, and protection from weathering, making them particularly valuable in industrial applications.

In Mexico, the demand for thermal insulation coatings in the building and construction sector is being driven by rapid urbanization and the need for energy-efficient buildings due to rising energy costs and climate considerations. The Mexican government, through initiatives such as the National Commission for the Efficient Use of Energy (CONUEE), is promoting energy efficiency across various sectors, including construction. Furthermore, the National Housing Commission (CONAVI) supports the development of sustainable and energy-efficient housing, encouraging the use of thermal insulation coatings to help reduce energy consumption in residential buildings.

As the country continues to urbanize and expand its infrastructure, the adoption of advanced insulation materials in construction is becoming increasingly critical for reducing energy consumption and improving the thermal comfort of buildings. Therefore, as the region continues to prioritize sustainability and energy efficiency, thermal insulation coatings are becoming an integral part of the building and construction industry's development.

Based on Product, the market is segmented into Acrylic, Polyurethanes, Epoxy, Yttria-Stabilized Zirconia (YSZ), and Other Products. Based on Application, the market is segmented into Manufacturing, Building & Construction, Automotive & Transportation, Aerospace & Defense, and Other Applications. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

Evonik Industries AG
Cabot Corporation
The Dow Chemical Company
Nippon Paint Holdings Co., Ltd.
Akzo Nobel N.V.
PPG Industries, Inc.
The Sherwin-Williams Company
Kansai Paint Co., Ltd.
Sika AG
BASF SE

North America Thermal Insulation Coating Market Report Segmentation

By Product (Volume, Kilo Tonnes, USD Billion, 2020-2031)

Acrylic
Polyurethanes
Epoxy
Yttria-Stabilized Zirconia (YSZ)
Other Products

By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)

Manufacturing
Building & Construction
Automotive & Transportation
Aerospace & Defense
Other Applications

By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)

US
Canada
Mexico
Rest of North America

Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 North America Thermal Insulation Coating Market, by Product
- 1.4.2 North America Thermal Insulation Coating Market, by Application
- 1.4.3 North America Thermal Insulation Coating Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance

2.1 Key Highlights

Chapter 3. Market Overview

3.1 Introduction
- 3.1.1 Overview
  - 3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
3.3 Porter Five Forces Analysis

Chapter 4. North America Thermal Insulation Coating Market by Product

4.1 North America Acrylic Market by Country
4.2 North America Polyurethanes Market by Country
4.3 North America Epoxy Market by Country
4.4 North America Yttria-Stabilized Zirconia (YSZ) Market by Country
4.5 North America Other Products Market by Country

Chapter 5. North America Thermal Insulation Coating Market by Application

5.1 North America Manufacturing Market by Country
5.2 North America Building & Construction Market by Country
5.3 North America Automotive & Transportation Market by Country
5.4 North America Aerospace & Defense Market by Country
5.5 North America Other Applications Market by Country

Chapter 6. North America Thermal Insulation Coating Market by Country

6.1 US Thermal Insulation Coating Market
- 6.1.1 US Thermal Insulation Coating Market by Product
- 6.1.2 US Thermal Insulation Coating Market by Application
6.2 Canada Thermal Insulation Coating Market
- 6.2.1 Canada Thermal Insulation Coating Market by Product
- 6.2.2 Canada Thermal Insulation Coating Market by Application
6.3 Mexico Thermal Insulation Coating Market
- 6.3.1 Mexico Thermal Insulation Coating Market by Product
- 6.3.2 Mexico Thermal Insulation Coating Market by Application
6.4 Rest of North America Thermal Insulation Coating Market
- 6.4.1 Rest of North America Thermal Insulation Coating Market by Product
- 6.4.2 Rest of North America Thermal Insulation Coating Market by Application

Chapter 7. Company Profiles

7.1 Evonik Industries AG (RAG-Stiftung)
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expenses
- 7.1.5 SWOT Analysis
7.2 Cabot Corporation
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Research & Development Expenses
7.3 The Dow Chemical Company
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Research & Development Expenses
- 7.3.5 SWOT Analysis
7.4 Nippon Paint Holdings Co., Ltd.
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.1 SWOT Analysis
7.5 Akzo Nobel N.V.
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 SWOT Analysis
7.6 PPG Industries, Inc.
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 Research & Development Expense
- 7.6.5 SWOT Analysis
7.7 The Sherwin-Williams Company
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Segmental Analysis
- 7.7.4 Research & Development Expenses
- 7.7.5 SWOT Analysis
7.8 Kansai Paint Co., Ltd.
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Regional Analysis
- 7.8.4 Research & Development Expenses
- 7.8.5 SWOT Analysis
7.9 Sika AG
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Segmental and Regional Analysis
- 7.9.4 Research & Development Expenses
- 7.9.5 SWOT Analysis
7.10. BASF SE
- 7.10.1 Company Overview
- 7.10.2 Financial Analysis
- 7.10.3 Segmental and Regional Analysis
- 7.10.4 Research & Development Expense
- 7.10.5 SWOT Analysis

LIST OF TABLES

TABLE 1 North America Thermal Insulation Coating Market, 2020 - 2023, USD Million
TABLE 2 North America Thermal Insulation Coating Market, 2024 - 2031, USD Million
TABLE 3 North America Thermal Insulation Coating Market, 2020 - 2023, Kilo Tonnes
TABLE 4 North America Thermal Insulation Coating Market, 2024 - 2031, Kilo Tonnes
TABLE 5 North America Thermal Insulation Coating Market by Product, 2020 - 2023, USD Million
TABLE 6 North America Thermal Insulation Coating Market by Product, 2024 - 2031, USD Million
TABLE 7 North America Thermal Insulation Coating Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 8 North America Thermal Insulation Coating Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 9 North America Acrylic Market by Country, 2020 - 2023, USD Million
TABLE 10 North America Acrylic Market by Country, 2024 - 2031, USD Million
TABLE 11 North America Acrylic Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 12 North America Acrylic Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 13 North America Polyurethanes Market by Country, 2020 - 2023, USD Million
TABLE 14 North America Polyurethanes Market by Country, 2024 - 2031, USD Million
TABLE 15 North America Polyurethanes Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 16 North America Polyurethanes Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 17 North America Epoxy Market by Country, 2020 - 2023, USD Million
TABLE 18 North America Epoxy Market by Country, 2024 - 2031, USD Million
TABLE 19 North America Epoxy Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 20 North America Epoxy Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 21 North America Yttria-Stabilized Zirconia (YSZ) Market by Country, 2020 - 2023, USD Million
TABLE 22 North America Yttria-Stabilized Zirconia (YSZ) Market by Country, 2024 - 2031, USD Million
TABLE 23 North America Yttria-Stabilized Zirconia (YSZ) Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 24 North America Yttria-Stabilized Zirconia (YSZ) Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 25 North America Other Products Market by Country, 2020 - 2023, USD Million
TABLE 26 North America Other Products Market by Country, 2024 - 2031, USD Million
TABLE 27 North America Other Products Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 28 North America Other Products Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 29 North America Thermal Insulation Coating Market by Application, 2020 - 2023, USD Million
TABLE 30 North America Thermal Insulation Coating Market by Application, 2024 - 2031, USD Million
TABLE 31 North America Thermal Insulation Coating Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 32 North America Thermal Insulation Coating Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 33 North America Manufacturing Market by Country, 2020 - 2023, USD Million
TABLE 34 North America Manufacturing Market by Country, 2024 - 2031, USD Million
TABLE 35 North America Manufacturing Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 36 North America Manufacturing Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 37 North America Building & Construction Market by Country, 2020 - 2023, USD Million
TABLE 38 North America Building & Construction Market by Country, 2024 - 2031, USD Million
TABLE 39 North America Building & Construction Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 40 North America Building & Construction Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 41 North America Automotive & Transportation Market by Country, 2020 - 2023, USD Million
TABLE 42 North America Automotive & Transportation Market by Country, 2024 - 2031, USD Million
TABLE 43 North America Automotive & Transportation Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 44 North America Automotive & Transportation Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 45 North America Aerospace & Defense Market by Country, 2020 - 2023, USD Million
TABLE 46 North America Aerospace & Defense Market by Country, 2024 - 2031, USD Million
TABLE 47 North America Aerospace & Defense Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 48 North America Aerospace & Defense Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 49 North America Other Applications Market by Country, 2020 - 2023, USD Million
TABLE 50 North America Other Applications Market by Country, 2024 - 2031, USD Million
TABLE 51 North America Other Applications Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 52 North America Other Applications Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 53 North America Thermal Insulation Coating Market by Country, 2020 - 2023, USD Million
TABLE 54 North America Thermal Insulation Coating Market by Country, 2024 - 2031, USD Million
TABLE 55 North America Thermal Insulation Coating Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 56 North America Thermal Insulation Coating Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 57 US Thermal Insulation Coating Market, 2020 - 2023, USD Million
TABLE 58 US Thermal Insulation Coating Market, 2024 - 2031, USD Million
TABLE 59 US Thermal Insulation Coating Market, 2020 - 2023, Kilo Tonnes
TABLE 60 US Thermal Insulation Coating Market, 2024 - 2031, Kilo Tonnes
TABLE 61 US Thermal Insulation Coating Market by Product, 2020 - 2023, USD Million
TABLE 62 US Thermal Insulation Coating Market by Product, 2024 - 2031, USD Million
TABLE 63 US Thermal Insulation Coating Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 64 US Thermal Insulation Coating Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 65 US Thermal Insulation Coating Market by Application, 2020 - 2023, USD Million
TABLE 66 US Thermal Insulation Coating Market by Application, 2024 - 2031, USD Million
TABLE 67 US Thermal Insulation Coating Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 68 US Thermal Insulation Coating Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 69 Canada Thermal Insulation Coating Market, 2020 - 2023, USD Million
TABLE 70 Canada Thermal Insulation Coating Market, 2024 - 2031, USD Million
TABLE 71 Canada Thermal Insulation Coating Market, 2020 - 2023, Kilo Tonnes
TABLE 72 Canada Thermal Insulation Coating Market, 2024 - 2031, Kilo Tonnes
TABLE 73 Canada Thermal Insulation Coating Market by Product, 2020 - 2023, USD Million
TABLE 74 Canada Thermal Insulation Coating Market by Product, 2024 - 2031, USD Million
TABLE 75 Canada Thermal Insulation Coating Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 76 Canada Thermal Insulation Coating Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 77 Canada Thermal Insulation Coating Market by Application, 2020 - 2023, USD Million
TABLE 78 Canada Thermal Insulation Coating Market by Application, 2024 - 2031, USD Million
TABLE 79 Canada Thermal Insulation Coating Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 80 Canada Thermal Insulation Coating Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 81 Mexico Thermal Insulation Coating Market, 2020 - 2023, USD Million
TABLE 82 Mexico Thermal Insulation Coating Market, 2024 - 2031, USD Million
TABLE 83 Mexico Thermal Insulation Coating Market, 2020 - 2023, Kilo Tonnes
TABLE 84 Mexico Thermal Insulation Coating Market, 2024 - 2031, Kilo Tonnes
TABLE 85 Mexico Thermal Insulation Coating Market by Product, 2020 - 2023, USD Million
TABLE 86 Mexico Thermal Insulation Coating Market by Product, 2024 - 2031, USD Million
TABLE 87 Mexico Thermal Insulation Coating Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 88 Mexico Thermal Insulation Coating Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 89 Mexico Thermal Insulation Coating Market by Application, 2020 - 2023, USD Million
TABLE 90 Mexico Thermal Insulation Coating Market by Application, 2024 - 2031, USD Million
TABLE 91 Mexico Thermal Insulation Coating Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 92 Mexico Thermal Insulation Coating Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 93 Rest of North America Thermal Insulation Coating Market, 2020 - 2023, USD Million
TABLE 94 Rest of North America Thermal Insulation Coating Market, 2024 - 2031, USD Million
TABLE 95 Rest of North America Thermal Insulation Coating Market, 2020 - 2023, Kilo Tonnes
TABLE 96 Rest of North America Thermal Insulation Coating Market, 2024 - 2031, Kilo Tonnes
TABLE 97 Rest of North America Thermal Insulation Coating Market by Product, 2020 - 2023, USD Million
TABLE 98 Rest of North America Thermal Insulation Coating Market by Product, 2024 - 2031, USD Million
TABLE 99 Rest of North America Thermal Insulation Coating Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 100 Rest of North America Thermal Insulation Coating Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 101 Rest of North America Thermal Insulation Coating Market by Application, 2020 - 2023, USD Million
TABLE 102 Rest of North America Thermal Insulation Coating Market by Application, 2024 - 2031, USD Million
TABLE 103 Rest of North America Thermal Insulation Coating Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 104 Rest of North America Thermal Insulation Coating Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 105 Key Information - Evonik Industries AG
TABLE 106 Key Information - Cabot corporation
TABLE 107 Key Information - The Dow Chemical Company
TABLE 108 Key Information - Nippon Paint Holdings Co., Ltd.
TABLE 109 Key information - Akzo Nobel N.V.
TABLE 110 Key Information - PPG Industries, Inc.
TABLE 111 Key Information - The Sherwin-Williams Company
TABLE 112 Key Information - Kansai Paint CO., LTD.
TABLE 113 Key Information - SIKA AG
TABLE 114 Key Information - BASF SE

North America Thermal Insulation Coating Market Size, Share & Trends Analysis Report By Product (Acrylic, Polyurethanes, Epoxy, Yttria-Stabilized Zirconia (YSZ), and Other Products), By Application, By Country and Growth Forecast, 2024 - 2031