As per this study the Global Industrial Insulation Market was valued USD XX MN (by revenue) in 2019 and is anticipated to reach USD XX MN by 2026 with a CAGR of XX%. By volume, the market was estimated XX MSM (Million Square Meters) in 2019 and is expected to reach XX MSM (Million Square Meters) by 2026 with a CAGR of XX%.
Industrial insulation is specially designed to protect personnel and substrates during industrial storage and manufacturing processes. It is done with the help of wraps/sheets, coatings, and adhesives & sealants. These are manufactured from stone wool, glass wool, cms fibers, calcium silicate, cellular glass, foamed plastic, elastomeric foam, perlite, aerogel, and micro silica. Additionally, industrial insulation can be safely applied to working machinery and hard-to-reach substrates. Several benefits of industrial insulation include lower energy cost, improve facility safety, limit moisture damage and increased equipment efficiency.
The expanding manufacturing sector owing to increasing public and private investment in various industries is driving the market growth. Additionally, the advent of regulations for minimizing energy consumption and maximizing energy efficiency in industrial processes is further fuelling market growth. On the other hand, high cost associated with insulation in some industrial sector may restrict market growth. Whereas, growing industrialization in emerging economies is expected to create potential opportunity during the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of industrial insulation.
The broad industrial insulation market has been sub-grouped into product, and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Adhesives & Sealants
- Chemical Processes
- Power Generation
- Heat Exchangers
- Storage Tanks
- Hot & Cold Process Equipment’s
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for industrial insulation in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Industrial Insulation Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the industrial insulation market include Owens Corning, Samhwa Chemicals Co., Ltd., Thomas Insulation Corp., Temat and STI CO. LTD. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.