Insulating Paint & Coating Market Is Anticipated To Flourish At A CAGR Of 8.3% Over The Forecast Period According To Research Nester
The insulating paint & coating market is segmented by application into electrical & electrical, aerospace, automotive, building & construction, marine and others. In this segment, aerospace and automotive segment is projected to grow at remarkable pace over the forecast period. Increasing advancement and research activities as per the demand of the consumers is expected to showcase a significant rise in the growth of the insulating paint & coating market over the forecast period. Global biopolymer market is expected to register a CAGR of 8.3% over the forecast period. Moreover, rising demand of the sustainable and renewable polymer which causes less pollution as compared to traditional is likely to bolster the growth market globally. The market of biopolymer is rising on the back of the expansion of the automotive industries. In term of region, Asia Pacific captured maximum share of the insulating paint & coating market by 2017 and expected to continue its dom