The Europe Thermal Insulation Coating Market would witness market growth of 6.3% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 566.11 kilo tonnes, showcasing a growth of 25.5% (2020-2024).
Polyurethane coatings offer superior flexibility and abrasion resistance, making them popular in the automotive and transportation industries. As fuel efficiency standards grow stricter, automotive manufacturers increasingly employ polyurethane coatings for thermal insulation and durability. The demand for lightweight insulation materials to enhance vehicle performance and fuel efficiency is accelerating polyurethane adoption. Therefore, in Germany, 54.99 kilo tonnes of Polyurethane thermal coatings is expected to be utilized by the year 2031.
The Germany market dominated the Europe Thermal Insulation Coating Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $835.9 million by 2031. The UK market is exhibiting a CAGR of 5.4% during (2024 - 2031). Additionally, The France market would experience a CAGR of 7.2% during (2024 - 2031).
Governments are enforcing stricter environmental regulations aimed at reducing energy consumption and carbon emissions, which is driving industries to adopt energy-efficient technologies, including thermal insulation coatings. In Europe, for example, the European Union's Green Deal sets ambitious goals for carbon neutrality by 2050, encouraging industries to adopt energy-saving solutions. Thermal insulation coatings play a crucial role in helping industries, especially in the construction and manufacturing sectors, comply with these regulations.
The potential for cost savings and return on investment (ROI) is another factor that drives the adoption of thermal insulation coatings. While the initial cost of applying these coatings can be significant, the long-term savings from reduced energy consumption and lower maintenance costs make them an attractive option for businesses. In industrial settings, the use of thermal insulation coatings helps prevent overheating of equipment, which can lead to costly repairs or replacements. Additionally, these coatings protect equipment from corrosion and wear, extending their lifespan and reducing the need for frequent maintenance. In the building sector, the application of thermal coatings results in lower energy bills due to reduced heating and cooling requirements, offering a fast ROI.
Italy’s automotive sector, renowned for its luxury and performance vehicles, is increasingly adopting thermal insulation coatings to improve the energy efficiency of both traditional and electric vehicles. Italy’s push towards electric mobility is evident through initiatives such as the "Strategia Nazionale per la Mobilità Sostenibile" (National Strategy for Sustainable Mobility), which aims to increase the number of electric vehicles (EVs) on the road and promote cleaner transportation methods. Thermal insulation coatings are essential for ensuring the longevity and efficiency of EV batteries and reducing heat buildup in high-performance engines.
Italy’s automotive manufacturers, such as Fiat Chrysler Automobiles (FCA), are integrating energy-efficient technologies into their production lines to align with EU-wide environmental standards, such as the European Union's Green Deal and the Carbon Border Adjustment Mechanism (CBAM). As electric vehicles and hybrid cars become more prevalent, the demand for thermal coatings in Italy is expected to grow, driven by both regulatory pressures and the need for technological advancements. Hence, the region will present lucrative growth opportunities for the growth of the market.
Free Valuable Insights: The Global Thermal Insulation Coating Market will Hit USD 16 Billion by 2031, at a CAGR of 6.5%
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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
Europe 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)
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
TABLE 1 Europe Thermal Insulation Coating Market, 2020 - 2023, USD Million
TABLE 2 Europe Thermal Insulation Coating Market, 2024 - 2031, USD Million
TABLE 3 Europe Thermal Insulation Coating Market, 2020 - 2023, Kilo Tonnes
TABLE 4 Europe Thermal Insulation Coating Market, 2024 - 2031, Kilo Tonnes
TABLE 5 Europe Thermal Insulation Coating Market by Product, 2020 - 2023, USD Million
TABLE 6 Europe Thermal Insulation Coating Market by Product, 2024 - 2031, USD Million
TABLE 7 Europe Thermal Insulation Coating Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 8 Europe Thermal Insulation Coating Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 9 Europe Acrylic Market by Country, 2020 - 2023, USD Million
TABLE 10 Europe Acrylic Market by Country, 2024 - 2031, USD Million
TABLE 11 Europe Acrylic Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 12 Europe Acrylic Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 13 Europe Polyurethanes Market by Country, 2020 - 2023, USD Million
TABLE 14 Europe Polyurethanes Market by Country, 2024 - 2031, USD Million
TABLE 15 Europe Polyurethanes Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 16 Europe Polyurethanes Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 17 Europe Epoxy Market by Country, 2020 - 2023, USD Million
TABLE 18 Europe Epoxy Market by Country, 2024 - 2031, USD Million
TABLE 19 Europe Epoxy Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 20 Europe Epoxy Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 21 Europe Yttria-Stabilized Zirconia (YSZ) Market by Country, 2020 - 2023, USD Million
TABLE 22 Europe Yttria-Stabilized Zirconia (YSZ) Market by Country, 2024 - 2031, USD Million
TABLE 23 Europe Yttria-Stabilized Zirconia (YSZ) Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 24 Europe Yttria-Stabilized Zirconia (YSZ) Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 25 Europe Other Products Market by Country, 2020 - 2023, USD Million
TABLE 26 Europe Other Products Market by Country, 2024 - 2031, USD Million
TABLE 27 Europe Other Products Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 28 Europe Other Products Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 29 Europe Thermal Insulation Coating Market by Application, 2020 - 2023, USD Million
TABLE 30 Europe Thermal Insulation Coating Market by Application, 2024 - 2031, USD Million
TABLE 31 Europe Thermal Insulation Coating Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 32 Europe Thermal Insulation Coating Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 33 Europe Manufacturing Market by Country, 2020 - 2023, USD Million
TABLE 34 Europe Manufacturing Market by Country, 2024 - 2031, USD Million
TABLE 35 Europe Manufacturing Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 36 Europe Manufacturing Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 37 Europe Building & Construction Market by Country, 2020 - 2023, USD Million
TABLE 38 Europe Building & Construction Market by Country, 2024 - 2031, USD Million
TABLE 39 Europe Building & Construction Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 40 Europe Building & Construction Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 41 Europe Automotive & Transportation Market by Country, 2020 - 2023, USD Million
TABLE 42 Europe Automotive & Transportation Market by Country, 2024 - 2031, USD Million
TABLE 43 Europe Automotive & Transportation Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 44 Europe Automotive & Transportation Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 45 Europe Aerospace & Defense Market by Country, 2020 - 2023, USD Million
TABLE 46 Europe Aerospace & Defense Market by Country, 2024 - 2031, USD Million
TABLE 47 Europe Aerospace & Defense Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 48 Europe Aerospace & Defense Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 49 Europe Other Applications Market by Country, 2020 - 2023, USD Million
TABLE 50 Europe Other Applications Market by Country, 2024 - 2031, USD Million
TABLE 51 Europe Other Applications Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 52 Europe Other Applications Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 53 Europe Thermal Insulation Coating Market by Country, 2020 - 2023, USD Million
TABLE 54 Europe Thermal Insulation Coating Market by Country, 2024 - 2031, USD Million
TABLE 55 Europe Thermal Insulation Coating Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 56 Europe Thermal Insulation Coating Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 57 Germany Thermal Insulation Coating Market, 2020 - 2023, USD Million
TABLE 58 Germany Thermal Insulation Coating Market, 2024 - 2031, USD Million
TABLE 59 Germany Thermal Insulation Coating Market, 2020 - 2023, Kilo Tonnes
TABLE 60 Germany Thermal Insulation Coating Market, 2024 - 2031, Kilo Tonnes
TABLE 61 Germany Thermal Insulation Coating Market by Product, 2020 - 2023, USD Million
TABLE 62 Germany Thermal Insulation Coating Market by Product, 2024 - 2031, USD Million
TABLE 63 Germany Thermal Insulation Coating Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 64 Germany Thermal Insulation Coating Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 65 Germany Thermal Insulation Coating Market by Application, 2020 - 2023, USD Million
TABLE 66 Germany Thermal Insulation Coating Market by Application, 2024 - 2031, USD Million
TABLE 67 Germany Thermal Insulation Coating Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 68 Germany Thermal Insulation Coating Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 69 UK Thermal Insulation Coating Market, 2020 - 2023, USD Million
TABLE 70 UK Thermal Insulation Coating Market, 2024 - 2031, USD Million
TABLE 71 UK Thermal Insulation Coating Market, 2020 - 2023, Kilo Tonnes
TABLE 72 UK Thermal Insulation Coating Market, 2024 - 2031, Kilo Tonnes
TABLE 73 UK Thermal Insulation Coating Market by Product, 2020 - 2023, USD Million
TABLE 74 UK Thermal Insulation Coating Market by Product, 2024 - 2031, USD Million
TABLE 75 UK Thermal Insulation Coating Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 76 UK Thermal Insulation Coating Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 77 UK Thermal Insulation Coating Market by Application, 2020 - 2023, USD Million
TABLE 78 UK Thermal Insulation Coating Market by Application, 2024 - 2031, USD Million
TABLE 79 UK Thermal Insulation Coating Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 80 UK Thermal Insulation Coating Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 81 France Thermal Insulation Coating Market, 2020 - 2023, USD Million
TABLE 82 France Thermal Insulation Coating Market, 2024 - 2031, USD Million
TABLE 83 France Thermal Insulation Coating Market, 2020 - 2023, Kilo Tonnes
TABLE 84 France Thermal Insulation Coating Market, 2024 - 2031, Kilo Tonnes
TABLE 85 France Thermal Insulation Coating Market by Product, 2020 - 2023, USD Million
TABLE 86 France Thermal Insulation Coating Market by Product, 2024 - 2031, USD Million
TABLE 87 France Thermal Insulation Coating Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 88 France Thermal Insulation Coating Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 89 France Thermal Insulation Coating Market by Application, 2020 - 2023, USD Million
TABLE 90 France Thermal Insulation Coating Market by Application, 2024 - 2031, USD Million
TABLE 91 France Thermal Insulation Coating Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 92 France Thermal Insulation Coating Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 93 Russia Thermal Insulation Coating Market, 2020 - 2023, USD Million
TABLE 94 Russia Thermal Insulation Coating Market, 2024 - 2031, USD Million
TABLE 95 Russia Thermal Insulation Coating Market, 2020 - 2023, Kilo Tonnes
TABLE 96 Russia Thermal Insulation Coating Market, 2024 - 2031, Kilo Tonnes
TABLE 97 Russia Thermal Insulation Coating Market by Product, 2020 - 2023, USD Million
TABLE 98 Russia Thermal Insulation Coating Market by Product, 2024 - 2031, USD Million
TABLE 99 Russia Thermal Insulation Coating Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 100 Russia Thermal Insulation Coating Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 101 Russia Thermal Insulation Coating Market by Application, 2020 - 2023, USD Million
TABLE 102 Russia Thermal Insulation Coating Market by Application, 2024 - 2031, USD Million
TABLE 103 Russia Thermal Insulation Coating Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 104 Russia Thermal Insulation Coating Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 105 Spain Thermal Insulation Coating Market, 2020 - 2023, USD Million
TABLE 106 Spain Thermal Insulation Coating Market, 2024 - 2031, USD Million
TABLE 107 Spain Thermal Insulation Coating Market, 2020 - 2023, Kilo Tonnes
TABLE 108 Spain Thermal Insulation Coating Market, 2024 - 2031, Kilo Tonnes
TABLE 109 Spain Thermal Insulation Coating Market by Product, 2020 - 2023, USD Million
TABLE 110 Spain Thermal Insulation Coating Market by Product, 2024 - 2031, USD Million
TABLE 111 Spain Thermal Insulation Coating Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 112 Spain Thermal Insulation Coating Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 113 Spain Thermal Insulation Coating Market by Application, 2020 - 2023, USD Million
TABLE 114 Spain Thermal Insulation Coating Market by Application, 2024 - 2031, USD Million
TABLE 115 Spain Thermal Insulation Coating Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 116 Spain Thermal Insulation Coating Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 117 Italy Thermal Insulation Coating Market, 2020 - 2023, USD Million
TABLE 118 Italy Thermal Insulation Coating Market, 2024 - 2031, USD Million
TABLE 119 Italy Thermal Insulation Coating Market, 2020 - 2023, Kilo Tonnes
TABLE 120 Italy Thermal Insulation Coating Market, 2024 - 2031, Kilo Tonnes
TABLE 121 Italy Thermal Insulation Coating Market by Product, 2020 - 2023, USD Million
TABLE 122 Italy Thermal Insulation Coating Market by Product, 2024 - 2031, USD Million
TABLE 123 Italy Thermal Insulation Coating Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 124 Italy Thermal Insulation Coating Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 125 Italy Thermal Insulation Coating Market by Application, 2020 - 2023, USD Million
TABLE 126 Italy Thermal Insulation Coating Market by Application, 2024 - 2031, USD Million
TABLE 127 Italy Thermal Insulation Coating Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 128 Italy Thermal Insulation Coating Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 129 Rest of Europe Thermal Insulation Coating Market, 2020 - 2023, USD Million
TABLE 130 Rest of Europe Thermal Insulation Coating Market, 2024 - 2031, USD Million
TABLE 131 Rest of Europe Thermal Insulation Coating Market, 2020 - 2023, Kilo Tonnes
TABLE 132 Rest of Europe Thermal Insulation Coating Market, 2024 - 2031, Kilo Tonnes
TABLE 133 Rest of Europe Thermal Insulation Coating Market by Product, 2020 - 2023, USD Million
TABLE 134 Rest of Europe Thermal Insulation Coating Market by Product, 2024 - 2031, USD Million
TABLE 135 Rest of Europe Thermal Insulation Coating Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 136 Rest of Europe Thermal Insulation Coating Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 137 Rest of Europe Thermal Insulation Coating Market by Application, 2020 - 2023, USD Million
TABLE 138 Rest of Europe Thermal Insulation Coating Market by Application, 2024 - 2031, USD Million
TABLE 139 Rest of Europe Thermal Insulation Coating Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 140 Rest of Europe Thermal Insulation Coating Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 141 Key Information – Evonik Industries AG
TABLE 142 Key Information – Cabot corporation
TABLE 143 Key Information – The Dow Chemical Company
TABLE 144 Key Information – Nippon Paint Holdings Co., Ltd.
TABLE 145 Key information – Akzo Nobel N.V.
TABLE 146 Key Information – PPG Industries, Inc.
TABLE 147 Key Information – The Sherwin-Williams Company
TABLE 148 Key Information – Kansai Paint CO., LTD.
TABLE 149 Key Information – SIKA AG
TABLE 150 Key Information – BASF SE
List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Thermal Insulation Coating Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Thermal Insulation Coating Market
FIG 4 Porter’s Five Forces Analysis – Thermal Insulation Coating Market
FIG 5 Europe Thermal Insulation Coating Market share by Product, 2023
FIG 6 Europe Thermal Insulation Coating Market share by Product, 2031
FIG 7 Europe Thermal Insulation Coating Market by Product, 2020 - 2031, USD Million
FIG 8 Europe Thermal Insulation Coating Market share by Application, 2023
FIG 9 Europe Thermal Insulation Coating Market share by Application, 2031
FIG 10 Europe Thermal Insulation Coating Market by Application, 2020 - 2031, USD Million
FIG 11 Europe Thermal Insulation Coating Market share by Country, 2023
FIG 12 Europe Thermal Insulation Coating Market share by Country, 2031
FIG 13 Europe Thermal Insulation Coating Market by Country, 2020 - 2031, USD Million
FIG 14 SWOT Analysis: Evonik Industries AG
FIG 15 SWOT Analysis: The Dow Chemical Company
FIG 16 SWOT Analysis: Nippon Paint Holdings Co., Ltd.
FIG 17 SWOT Analysis: Akzo Nobel N.V.
FIG 18 SWOT Analysis: PPG Industries, Inc.
FIG 19 SWOT Analysis: The Sherwin-Williams Company
FIG 20 SWOT Analysis: Kansai Paint Co., Ltd.
FIG 21 Swot Analysis: Sika AG
FIG 22 SWOT Analysis: BASF SE