The Corrosion Insulation & Spray-on Insulation Coatings Market Size was valued at USD 2.01 billion in 2023 and is expected to reach USD 2.80 billion by 2031 and grow at a CAGR of 4.5% over the forecast period 2024-2031.
The CUI & SOI coatings market is experiencing a growth, fueled by a growing focus on industrial asset protection. Industries are increasingly recognizing the value of preventative maintenance, and CUI & SOI coatings act as a vital shield for critical equipment like pipelines, reactors, and storage tanks. These coatings safeguard these assets from the constant threat of corrosion, extending their lifespan and minimizing costly breakdowns. Innovation is also propelling the market forward. Advancements in coating technology, like the development of nanocomposite coatings, offer superior performance and longer-lasting protection. Additionally, new application techniques ensure these coatings are applied more efficiently. The future of CUI & SOI coatings is particularly promising in emerging markets. Rapid industrialization, infrastructure development, and increased investments in energy and construction sectors are creating a significant demand for these protective solutions. This confluence of factors – prioritizing asset health, continuous innovation, and growth in emerging markets – positions the CUI & SOI coatings market for a bright future.
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MARKET DYNAMICS
KEY DRIVERS:
Growing demand for the efficient process and longer life span of equipment in CUI & SOI market.
Oil & gas and industrial sectors are having problems to keep processes efficient and equipment lasting longer. Where CUI & SOI coating, These heavy-duty shields protect pipelines, equipment, reactors, and storage tanks from the harsh realities of these industries. Imagine hazardous chemicals, scorching temperatures, and brutal weather all trying to eat away at your equipment CUI & SOI coatings stand guard. By preventing corrosion and damage, they extend the lifespan of this vital equipment. These coatings are a win-win in a competitive market. They not only protect equipment, but also help reduce operating costs. By keeping your equipment functioning efficiently and lasting longer, CUI & SOI coatings are a smart investment that pays off in the long run.
RESTRAIN:
Strict environmental regulations for industrial coatings market.
These regulations, like LEED GreenSeal and REACH, limit the amount of VOCs allowed per liter of coating. This forces manufacturers to innovate and reformulate their products to meet these stricter standards. While it's good for the environment, it's not without challenges. Developing new, low-VOC coatings requires significant investment in new production processes and technologies. This can raise the price of CUI & SOI coatings in the short term. Additionally, ensuring these new coatings perform as well as their VOC-heavy counterparts can be tricky. while these regulations are a positive step towards a greener future, they do present a hurdle for the CUI & SOI coatings market in the short term. Manufacturers need to adapt and invest in innovation to overcome these challenges and ensure the continued growth of the market alongside environmental responsibility.
OPPORTUNITY:
Growing in demand for next-level CUI & SOI coatings to boast superior efficiency and performance.
The rise of Enhanced Oil Recovery (EOR) techniques in oil & gas necessitates coatings that can withstand the relentless assault of high temperatures and pressure. These advanced coatings ensure long-term protection for vital structures, preventing costly breakdowns and ensuring smooth operations. The need for high-performance isn't limited to EOR. Oil & gas, marine, and infrastructure sectors are all clamoring for high-solid CUI coatings. This demand has ignited a firestorm of research and development (R&D) activity. Manufacturers are racing to create coatings specifically designed to conquer these harsh conditions. While this intense R&D focus is initially a short-term driver, it has the potential to become a long-term game changer. The constant innovation could lead to breakthroughs that redefine the capabilities of CUI & SOI coatings, paving the way for a future where they outperform anything currently available.
CHALLENGES:
CUI & SOI coatings face competition from alternative corrosion protection and cost.
Alternative solutions like anti-corrosion coatings and non-corrosive pipe materials are also vying for attention. This competition presents a challenge for CUI & SOI manufacturers.They need to develop coatings that pack a double punch: superior thermal insulation and even stronger corrosion resistance. These advanced features will set CUI & SOI coatings apart from the competition. Current CUI & SOI solutions are on the expensive side, and the application technology adds another layer of financial burden. This makes the entire process less attractive to some potential customers. The key to unlocking wider market appeal lies in developing cost-effective CUI & SOI coatings. By bringing down the overall price tag, manufacturers can make these powerful solutions more accessible. This focus on affordability is a crucial challenge that the CUI & SOI coatings market needs to overcome to ensure its continued growth.
The impact of Russia-Ukraine conflict has slowed down the CUI & SOI coatings market. Raw materials from Russia and Ukraine are hard to get, and sanctions make shipping a mess. This hurts industries like oil & gas that rely on these coatings, as projects get delayed. Plus, a shaky economy makes companies tighten their belts, putting maintenance on hold. There might be a silver lining though. Countries worried about energy security could ramp up domestic oil & gas production, boosting the market in the long run. Also, the scramble for materials could push companies to invent new types of CUI & SOI coatings. Overall, the war is a short-term setback, but the future of the market depends on how long it lasts and how the global economy recovers.
The impact of economic downturn has affected the CUI & SOI coatings market. Companies tighten budgets, delaying projects in key industries like oil & gas and petrochemicals, which heavily rely on these anti-corrosion solutions. Reduced infrastructure investments further dampen demand. This can lead to lower sales for CUI & SOI coating manufacturers. However, the impact might vary depending on the severity and duration of the slowdown.
By Type
Epoxy
Acrylic
Silicone
Others
Epoxy sub-segment is dominating the Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market in 2023 by type. Its dominance stems from its exceptional CUI protection acting as a shield against hidden corrosion beneath insulation. Epoxy's impressive water resistance makes it ideal for various environments. The versatility doesn't stop there epoxy-based coatings can be used alone or even combined with others to create multi-component solutions for specific needs. These combined strengths of superior protection, water resistance, and adaptability solidify epoxy's position as the leader in the CUI & SOI coatings market.
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By End-Use Industries
Marine
Oil & gas and petrochemical
Energy & Power
Others
The oil & gas and petrochemical sub-segment is the current leading the Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market in 2023. This dominance is fueled by a constant need for protection. Pipelines, equipment, and storage tanks in these industries are under constant attack from harsh chemicals, scorching temperatures, and unforgiving weather. This is where CUI & SOI coatings come in as valiant defenders. They shield these vital assets from corrosion under insulation (CUI), a sneaky enemy that lurks beneath the surface. The sheer volume of CUI & SOI coatings used in oil & gas and petrochemical industries further solidifies their lead. From vast refineries to intricate pipelines, these coatings play a critical role in ensuring smooth operations and preventing costly breakdowns. While other industries like marine and energy & power also utilize CUI & SOI coatings, the sheer scale of the oil & gas and petrochemical sector keeps them at the forefront of the CUI & SOI coatings market.
The Asia Pacific region is dominating in the CUI & SOI coatings market, projected to experience the fastest growth in 2023. This surge is fueled by the booming oil & gas, petrochemical, marine, and power generation industries in the region. As these industries expand, their demand for CUI & SOI coatings to protect their vital equipment naturally increases. The high economic growth across APAC also plays a significant role. This economic strength makes the region an attractive market for CUI & SOI coatings manufacturers. With growing infrastructure projects and a focus on industrial development, APAC presents a lucrative opportunity for these manufacturers to expand their reach and cater to the rising demand for corrosion protection solutions.
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Hempel A/S, Akzo Nobel N.V., The Sherwin-Williams Company, PPG Industries Inc, Nippon Paint Co. Ltd., Kansai Paint Co. Ltd, RPM International Inc and Jotun A/S, and other players.
In May 2024: AkzoNobel's Como site has secured the prestigious IATF 16949 certification. This certification signifies that the facility meets the most rigorous quality management standards specifically designed for the automotive industry.
In May 2024: Sherwin-Williams Packaging Coatings is revving up its production of BPA-free can coatings. After expanding facilities in Deeside, UK, and Tournus, France, they've begun churning out valPure V70. This move addresses both the rising demand for NBPA coatings in Europe and strengthens partnerships with customers across the region. The new plants will supply valPure V70 to Europe, the Middle East, Africa, and India.
In February 2024: Kansai Helios, a European subsidiary of Kansai Paint Co., Ltd., has finalized its acquisition of Weilburger Coatings. Weilburger Coatings, formerly the industrial coatings business of GREBE Holding in Germany, encompasses all of WEILBURGER Coatings GmbH (Germany) and WEILBURGER Asia Limited (Hong Kong).
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 2.01 Billion |
| Market Size by 2031 | US$ 2.80 Billion |
| CAGR | CAGR of 4.5% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Epoxy, Acrylic, Silicone, Others) • By end-use industries (Marine, Oil & gas, and petrochemical, Energy & Power, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Hempel A/S, Akzo Nobel N.V., The Sherwin-Williams Company, PPG Industries Inc, Nippon Paint Co. Ltd., Kansai Paint Co. Ltd, RPM International Inc and Jotun A/S, and other players. |
| DRIVERS | • The demand for efficient processes is growing. • Equipment with a longer lifespan. |
| Restraints | • Environmental rules are very strict. |
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Hempel A/S (Denmark), Akzo Nobel N.V. (Netherlands), The Sherwin-Williams Company (US), PPG Industries, Inc., (US), Nippon Paint Co., Ltd. (Japan), Kansai Paint Co., Ltd (Japan), RPM International Inc (US) and Jotun A/S (Norway) are the major key players of Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market.
Ans: The COVID-19 outbreak has an influence on the CUI & SOI coatings market's end-use industries all over the world. Due to social distancing conventions, the influence can be seen in the economy, with lockdowns and suspensions of production operations. In the face of the COVID-19 epidemic, several businesses have devised short-term solutions to keep their operations going. The businesses began selling their wares through online channels that allowed for contactless delivery. Companies decreased their workforce by 50%, with the majority of employees working from home.
Ans: The demand for efficient processes is growing and Equipment with a longer lifespan are the drivers forCorrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market.
Ans: Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market Size was valued at USD 2.01 billion in 2023 and is expected to reach USD 2.80 billion by 2031 and grow at a CAGR of 4.5% over the forecast period 2024-2031.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact Of Russia Ukraine War
5.2 Impact of Economic Slowdown
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Average Selling Price
9.1 North America
9.2 Europe
9.3 Asia Pacific
9.4 Latin America
9.5 Middle East & Africa
10. Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market Segmentation, By Type
10.1 Introduction
10.2 Trend Analysis
10.3 Epoxy
10.4 Acrylic
10.5 Silicone
10.6 Others
11. Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market Segmentation, End-Use Industries
11.1 Introduction
11.2 Trend Analysis
11.3 Marine
11.4 Oil & gas and petrochemical
11.5 Energy & Power
11.6 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market by Country
12.2.3 North America Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.2.4 North America Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.2.5 USA
12.2.5.1 USA Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.2.5.2 USA Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.2.6 Canada
12.2.6.1 Canada Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.2.6.2 Canada Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.2.7 Mexico
12.2.7.1 Mexico Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.2.7.2 Mexico Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market by Country
12.3.2.2 Eastern Europe Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.3.2.3 Eastern Europe Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.3.2.4 Poland
12.3.2.4.1 Poland Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.3.2.4.2 Poland Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.3.2.5 Romania
12.3.2.5.1 Romania Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.3.2.5.2 Romania Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.3.2.6 Hungary
12.3.2.6.1 Hungary Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.3.2.6.2 Hungary Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.3.2.7 Turkey
12.3.2.7.1 Turkey Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.3.2.7.2 Turkey Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.3.2.8 Rest of Eastern Europe
12.3.2.8.1 Rest of Eastern Europe Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.3.2.8.2 Rest of Eastern Europe Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.3.3 Western Europe
12.3.3.1 Western Europe Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market by Country
12.3.3.2 Western Europe Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.3.3.3 Western Europe Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.3.3.4 Germany
12.3.3.4.1 Germany Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.3.3.4.2 Germany Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.3.3.5 France
12.3.3.5.1 France Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.3.3.5.2 France Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.3.3.6 UK
12.3.3.6.1 UK Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.3.3.6.2 UK Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.3.3.7 Italy
12.3.3.7.1 Italy Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.3.3.7.2 Italy Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.3.3.8 Spain
12.3.3.8.1 Spain Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.3.3.8.2 Spain Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.3.3.9 Netherlands
12.3.3.9.1 Netherlands Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.3.3.9.2 Netherlands Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.3.3.10 Switzerland
12.3.3.10.1 Switzerland Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.3.3.10.2 Switzerland Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.3.3.11 Austria
12.3.3.11.1 Austria Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.3.3.11.2 Austria Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.3.3.12 Rest of Western Europe
12.3.3.12.1 Rest of Western Europe Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.3.2.12.2 Rest of Western Europe Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia Pacific Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market by Country
12.4.3 Asia Pacific Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.4.4 Asia Pacific Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.4.5 China
12.4.5.1 China Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.4.5.2 China Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.4.6 India
12.4.6.1 India Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.4.6.2 India Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.4.7 Japan
12.4.7.1 Japan Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.4.7.2 Japan Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.4.8 South Korea
12.4.8.1 South Korea Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.4.8.2 South Korea Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.4.9 Vietnam
12.4.9.1 Vietnam Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.4.9.2 Vietnam Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.4.10 Singapore
12.4.10.1 Singapore Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.4.10.2 Singapore Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.4.11 Australia
12.4.11.1 Australia Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.4.11.2 Australia Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.4.12 Rest of Asia-Pacific
12.4.12.1 Rest of Asia-Pacific Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.4.12.2 Rest of Asia-Pacific Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market by Country
12.5.2.2 Middle East Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.5.2.3 Middle East Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.5.2.4 UAE
12.5.2.4.1 UAE Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.5.2.4.2 UAE Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.5.2.5 Egypt
12.5.2.5.1 Egypt Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.5.2.5.2 Egypt Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.5.2.6 Saudi Arabia
12.5.2.6.1 Saudi Arabia Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.5.2.6.2 Saudi Arabia Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.5.2.7 Qatar
12.5.2.7.1 Qatar Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.5.2.7.2 Qatar Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.5.2.8 Rest of Middle East
12.5.2.8.1 Rest of Middle East Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.5.2.8.2 Rest of Middle East Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.5.3 Africa
12.5.3.1 Africa Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market by Country
12.5.3.2 Africa Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.5.3.3 Africa Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.5.3.4 Nigeria
12.5.3.4.1 Nigeria Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.5.3.4.2 Nigeria Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.5.3.5 South Africa
12.5.3.5.1 South Africa Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.5.3.5.2 South Africa Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.5.3.6 Rest of Africa
12.5.3.6.1 Rest of Africa Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.5.3.6.2 Rest of Africa Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market by Country
12.6.3 Latin America Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.6.4 Latin America Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.6.5 Brazil
12.6.5.1 Brazil Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.6.5.2 Brazil Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.6.6 Argentina
12.6.6.1 Argentina Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.6.6.2 Argentina Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.6.7 Colombia
12.6.7.1 Colombia Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.6.7.2 Colombia Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
12.6.8 Rest of Latin America
12.6.8.1 Rest of Latin America Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market By Type
12.6.8.2 Rest of Latin America Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market End-Use Industries
13. Company Profiles
13.1 Akzo Nobel N.V. (Netherlands),
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 RPM International Inc (US)
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 PPG Industries, Inc., (US)
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Nippon Paint Co., Ltd. (Japan)
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Tnemec Company Inc.
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 UPM Biochemicals
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 SPI Performance Coatings
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Hempel A/S
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 The Sherwin-Williams Company
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Kansai Paint Co., Ltd (Japan)
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. USE Cases And Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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