Energy efficient coatings market size will witness significant growth during forecast timeframe owing to its increasing application outlook in automotive, electrical, construction, transportation and furniture industry. Growing consumer inclination towards environment friendly and energy saving products also should signify positive industry outlook driving product demand.
The global construction industry is expected to surpass $13 trillion by 2024 owing to rising urban population in emerging economies like Brazil, Thailand, Indonesia and Argentina. Increasing construction frequency of commercial buildings & skyscrapers along with growing demand for energy efficient & smart construction should propel industry growth. Energy efficient coatings lower internal building temperatures preventing heat island effect driving down energy cost for cooling systems.
Europe automotive manufacturing industry sized to be over $1 trillion along with sales of over 17 million units in 2014. Energy efficient coatings find extensive application scope in automotive industry owing to stringent environment protection regulations pertaining to emission control & fuel efficiency. These coatings are used in rooftop panels to control cabin temperature increasing HVAC efficiency, translating into higher fuel economy and reduced pollution driving energy efficient coatings product demand.
Energy efficient coatings are also widely used in aerospace & defence industry to insulate exhaust systems, aerodynamic fairings, fire barriers, heat shields, suppression systems and nacelle firewalls which operate under extremely high-temperature ranges. They offer to control operating temperatures by reduced energy loss, UV protection, improved performance and significant protection from corrosion under insulation.
Energy efficient coatings market size will witness significant growth during forecast timeframe owing to its increasing application outlook in automotive, electrical, construction, transportation and furniture industry. Growing consumer inclination towards environment friendly and energy saving products also should signify positive industry outlook driving product demand.
The global construction industry is expected to surpass $13 trillion by 2024 owing to rising urban population in emerging economies like Brazil, Thailand, Indonesia and Argentina. Increasing construction frequency of commercial buildings & skyscrapers along with growing demand for energy efficient & smart construction should propel industry growth. Energy efficient coatings lower internal building temperatures preventing heat island effect driving down energy cost for cooling systems.
Europe automotive manufacturing industry sized to be over $1 trillion along with sales of over 17 million units in 2014. Energy efficient coatings find extensive application scope in automotive industry owing to stringent environment protection regulations pertaining to emission control & fuel efficiency. These coatings are used in rooftop panels to control cabin temperature increasing HVAC efficiency, translating into higher fuel economy and reduced pollution driving energy efficient coatings product demand.
Energy efficient coatings are also widely used in aerospace & defence industry to insulate exhaust systems, aerodynamic fairings, fire barriers, heat shields, suppression systems and nacelle firewalls which operate under extremely high-temperature ranges. They offer to control operating temperatures by reduced energy loss, UV protection, improved performance and significant protection from corrosion under insulation.
No comments:
Post a Comment