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

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

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