All updated as on -
By 2030, the global market for industrial insulation is projected to be worth $2.9 billion, with a CAGR of 6.5% between 2023 and 2030.
By reducing the flow of heat from the machine's components to the rest of the system, insulation boosts efficiency. It is ideal for transportation equipment because it prevents pipelines from freezing at subfreezing temperatures. It includes many different types of insulation products, such as those used to prevent heat loss, muffle noise, and even prevent the spread of fire. Boilers, heating systems, flues, temperature storage tanks, and other power sector equipment have all benefited from industrial insulation. It plays a crucial role in the building and maintenance of power plants. In steam boilers, for instance, it helps keep the water at a constant temperature. Oil and gas, power, chemical, and transportation sectors are just a few of the markets mineral wool, calcium silicate, foam plastics, and aerogels service. The economy feels the effects of mandated energy savings, concerns about the environment, and the prevalence of regulations. The growing demand for eco-friendly solutions and strict regulatory restrictions for reducing carbon footprint have both contributed to the development of high-performance insulating materials. Technological progress is opening up new possibilities for effective and inexpensive insulation.
Revenue growth projections and trends analysis for each market segment are included in this study of the Industrial Insulation Market. The study provides a comprehensive evaluation of the factors driving, restraining, and otherwise impacting the Industrial Insulation Market. The competitive landscape has been drawn taking into account the most up-to-date market changes and strategic moves, such as expansion, product launch and development, collaboration, merger, and acquisition. The study provides a detailed analysis of the key companies in the Industrial Insulation Market, including a comprehensive analysis of their core capabilities in each subsegment presented in the report.
Reasons Why
Rising manufacturing output, stricter energy efficiency regulations, and a wider recognition of the need to reduce carbon dioxide emissions are driving forces in the industry. at addition, they are at the vanguard of efforts to boost the efficiency of the machinery and the whole system's performance, which in turn reduces production and running costs. Furthermore, it protects all industrial equipment from fire, stops condensation from forming on machines, and keeps them from getting too cold or too hot, all of which lessens the likelihood of accidents happening. North America's industrial insulation market is expected to rise gradually over the next few years thanks to rising manufacturing activity, strict energy efficiency regulations, and technological advancements. Opportunities abound for businesses that develop and market innovative, cost-effective, high-performance insulation solutions. The industrial insulation market in the United States is expected to profit from the recovery of non-residential construction spending, particularly in the corporate and commercial segments. Efforts to reduce energy usage by installing insulation are expected to be fueled by a growing awareness of the importance of green construction practises. However, the high price of some insulating materials and the uncertainty of their supply pose significant challenges.
More than 41.3% of total revenue is expected to come from sales of pipe Industrial Insulation in 2022.
The Industrial Insulation Market is broken down into submarkets such as pipe, board, blanket, and others. The pipe insulation market is expected to grow at a faster rate than any other during the forecast period, contributing 41.3% of total revenues. To better the operation of various production processes, pipe insulation is a crucial component of industrial insulation. Its major purpose is to provide an outer layer of protection over the contents of the pipe and the external environment. Insulating pipes can increase a facility's thermal efficiency and hence save energy expenses. It keeps processes at consistent temperatures, stops condensation from forming, and slows the corrosion of pipes in the hot North American climate. In addition to lowering noise and vibration levels, it acts as acoustic insulation all the way along the pipeline.
As 2022 approaches, the calcium silicate market is expected to have the highest CAGR.
The Industrial Insulation Market is broken down into submarkets based on the many types of insulation used, such as stone wool, glass wool, CMS fibres, calcium silicate, cellular glass, foamed plastic, and others. Over the projected time period, the calcium silicate subsegment is expected to grow at the fastest rate. Calcium silicate is widely used as an efficient substitute for asbestos-containing materials in high-temperature insulation applications because to its great resistance to infrared wavelengths. In the manufacturing sector, calcium silicate is frequently utilised in high-temperature pipes and machinery. The petrochemical, power generation, and other processing industries all benefit from using calcium silicate due to its ability to withstand high temperatures.
More than 37.2% of the market in 2022 will come from LNG/LPG transportation and storage.
End-use industries such as power generation, petrochemical & refineries, EIP industries, LNG & LPG transportation & storage, and others are used to categorise the Industrial Insulation Market. The industrial insulation industry is dominated by the transportation and storage of LNG/LPG. North American energy consumption of both natural and petroleum sources has led to the expansion of a comprehensive network of pipelines, storage facilities, and refineries. Industry participants use a wide variety of insulation products due to the high risks connected with transportation and storage. Over the foreseeable period, industrial insulation production in North America would be driven by the rising demand for LNG and LPG in most consuming economies.
Report Coverage
Global Industrial Insulation research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Industrial Insulation report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Industrial Insulation competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Industrial Insulation market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Industrial Insulation market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Industrial Insulation market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Aspen Aerogels, Inc., Cabot Corporation, Morgan Advanced Materials plc, Unifrax, L'ISOLANTE K-FLEX S.p.A., Kaimann, Polyguard Products, Inc., RATH Group, Armacell International Holding GmbH, Pittsburgh Corning Europe N.V., Duna-Corradini S.p.A., ROCKWOOL Insulation A/S, Knauf Insulation, NICHIAS Corporation, Anco Products, Inc., Thomas Insulation, Johns Manville, BASF SE, Solvay, Knauf Insulation, Saint Gobain, NMC, Polyguard materials, Owens Corning, Kingspan Group PLC, Promat.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Industrial Insulation market based on the below-mentioned segments:
Global Industrial Insulation Market, By Type
Pipe
Board
Blanket
Others
Global Industrial Insulation market, By Materials
Stone Wool
Glass Wool
CMS Fibers
Calcium Silicate
Cellular Glass
Foamed Plastic
Others
Global Industrial Insulation Market, By End User
Power Generation
Petrochemical & Refineries
EIP Industries
LNG/LPG Transportation & Storage
Others
Global Industrial Insulation market, Regional Analysis
By reducing the flow of heat from the machine's components to the rest of the system, insulation boosts efficiency. It is ideal for transportation equipment because it prevents pipelines from freezing at subfreezing temperatures. It includes many different types of insulation products, such as those used to prevent heat loss, muffle noise, and even prevent the spread of fire. Boilers, heating systems, flues, temperature storage tanks, and other power sector equipment have all benefited from industrial insulation. It plays a crucial role in the building and maintenance of power plants. In steam boilers, for instance, it helps keep the water at a constant temperature. Oil and gas, power, chemical, and transportation sectors are just a few of the markets mineral wool, calcium silicate, foam plastics, and aerogels service. The economy feels the effects of mandated energy savings, concerns about the environment, and the prevalence of regulations. The growing demand for eco-friendly solutions and strict regulatory restrictions for reducing carbon footprint have both contributed to the development of high-performance insulating materials. Technological progress is opening up new possibilities for effective and inexpensive insulation.
Revenue growth projections and trends analysis for each market segment are included in this study of the Industrial Insulation Market. The study provides a comprehensive evaluation of the factors driving, restraining, and otherwise impacting the Industrial Insulation Market. The competitive landscape has been drawn taking into account the most up-to-date market changes and strategic moves, such as expansion, product launch and development, collaboration, merger, and acquisition. The study provides a detailed analysis of the key companies in the Industrial Insulation Market, including a comprehensive analysis of their core capabilities in each subsegment presented in the report.
Reasons Why
Rising manufacturing output, stricter energy efficiency regulations, and a wider recognition of the need to reduce carbon dioxide emissions are driving forces in the industry. at addition, they are at the vanguard of efforts to boost the efficiency of the machinery and the whole system's performance, which in turn reduces production and running costs. Furthermore, it protects all industrial equipment from fire, stops condensation from forming on machines, and keeps them from getting too cold or too hot, all of which lessens the likelihood of accidents happening. North America's industrial insulation market is expected to rise gradually over the next few years thanks to rising manufacturing activity, strict energy efficiency regulations, and technological advancements. Opportunities abound for businesses that develop and market innovative, cost-effective, high-performance insulation solutions. The industrial insulation market in the United States is expected to profit from the recovery of non-residential construction spending, particularly in the corporate and commercial segments. Efforts to reduce energy usage by installing insulation are expected to be fueled by a growing awareness of the importance of green construction practises. However, the high price of some insulating materials and the uncertainty of their supply pose significant challenges.
More than 41.3% of total revenue is expected to come from sales of pipe Industrial Insulation in 2022.
The Industrial Insulation Market is broken down into submarkets such as pipe, board, blanket, and others. The pipe insulation market is expected to grow at a faster rate than any other during the forecast period, contributing 41.3% of total revenues. To better the operation of various production processes, pipe insulation is a crucial component of industrial insulation. Its major purpose is to provide an outer layer of protection over the contents of the pipe and the external environment. Insulating pipes can increase a facility's thermal efficiency and hence save energy expenses. It keeps processes at consistent temperatures, stops condensation from forming, and slows the corrosion of pipes in the hot North American climate. In addition to lowering noise and vibration levels, it acts as acoustic insulation all the way along the pipeline.
As 2022 approaches, the calcium silicate market is expected to have the highest CAGR.
The Industrial Insulation Market is broken down into submarkets based on the many types of insulation used, such as stone wool, glass wool, CMS fibres, calcium silicate, cellular glass, foamed plastic, and others. Over the projected time period, the calcium silicate subsegment is expected to grow at the fastest rate. Calcium silicate is widely used as an efficient substitute for asbestos-containing materials in high-temperature insulation applications because to its great resistance to infrared wavelengths. In the manufacturing sector, calcium silicate is frequently utilised in high-temperature pipes and machinery. The petrochemical, power generation, and other processing industries all benefit from using calcium silicate due to its ability to withstand high temperatures.
More than 37.2% of the market in 2022 will come from LNG/LPG transportation and storage.
End-use industries such as power generation, petrochemical & refineries, EIP industries, LNG & LPG transportation & storage, and others are used to categorise the Industrial Insulation Market. The industrial insulation industry is dominated by the transportation and storage of LNG/LPG. North American energy consumption of both natural and petroleum sources has led to the expansion of a comprehensive network of pipelines, storage facilities, and refineries. Industry participants use a wide variety of insulation products due to the high risks connected with transportation and storage. Over the foreseeable period, industrial insulation production in North America would be driven by the rising demand for LNG and LPG in most consuming economies.
Report Coverage
Global Industrial Insulation research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Industrial Insulation report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Industrial Insulation competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Industrial Insulation market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Aspen Aerogels, Inc., Cabot Corporation, Morgan Advanced Materials plc, Unifrax, L'ISOLANTE K-FLEX S.p.A., Kaimann, Polyguard Products, Inc., RATH Group, Armacell International Holding GmbH, Pittsburgh Corning Europe N.V., Duna-Corradini S.p.A., ROCKWOOL Insulation A/S, Knauf Insulation, NICHIAS Corporation, Anco Products, Inc., Thomas Insulation, Johns Manville, BASF SE, Solvay, Knauf Insulation, Saint Gobain, NMC, Polyguard materials, Owens Corning, Kingspan Group PLC, Promat. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Industrial Insulation Market from 2021 to 2030.
- Market Forecast for Industrial Insulation Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Industrial Insulation competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Industrial Insulation
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Industrial Insulation market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Industrial Insulation market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Aspen Aerogels, Inc., Cabot Corporation, Morgan Advanced Materials plc, Unifrax, L'ISOLANTE K-FLEX S.p.A., Kaimann, Polyguard Products, Inc., RATH Group, Armacell International Holding GmbH, Pittsburgh Corning Europe N.V., Duna-Corradini S.p.A., ROCKWOOL Insulation A/S, Knauf Insulation, NICHIAS Corporation, Anco Products, Inc., Thomas Insulation, Johns Manville, BASF SE, Solvay, Knauf Insulation, Saint Gobain, NMC, Polyguard materials, Owens Corning, Kingspan Group PLC, Promat.
Primary Target Market
- Market Players of Industrial Insulation
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Industrial Insulation market based on the below-mentioned segments:
Global Industrial Insulation Market, By Type
Pipe
Board
Blanket
Others
Global Industrial Insulation market, By Materials
Stone Wool
Glass Wool
CMS Fibers
Calcium Silicate
Cellular Glass
Foamed Plastic
Others
Global Industrial Insulation Market, By End User
Power Generation
Petrochemical & Refineries
EIP Industries
LNG/LPG Transportation & Storage
Others
Global Industrial Insulation market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive industrial insulation market market research and competitor analysis for your business to help you develop more profound insights into the industrial insulation market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the industrial insulation market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.