Global industrial insulation market was valued at USD 2.64 billion in 2021 and is expected to reach USD 4.08 billion by 2029, registering a CAGR of 5.60% during the forecast period of 2022-2029
Market Analysis and Size
Insulation is being widely adopted for numerous applications to avoid surface condensation, maintain low temperature for process control and deliver safety and protection quotient for the individuals. At present, insulation is gaining immense popularity for its ability to decline heat loss from uninsulated valves and bare pipes inside buildings.
Global industrial insulation market was valued at USD 2.64 billion in 2021 and is expected to reach USD 4.08 billion by 2029, registering a CAGR of 5.60% during the forecast period of 2022-2029. Stone Wool is expected to witness high growth in the raw material segment of the market owing to the easy availability of stone wool in various forms with different characteristics. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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Global Industrial Insulation Market Scope
The industrial insulation market is segmented on the basis of raw material, form and end-use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Raw Material
· Stone Wool
· Glass Wool
· CMS Fibers
· Calcium Silicate
· Cellular Glass
· Foamed Plastic
· Elastomeric Foam
· Perlite
· Aerogel
· Cellulose
· Micro Silica
· Others
Form
· Pipe
· Blanket
· Board
· Others
End-Use Industry
· Power
· Chemical and Petrochemical
· Oil and Gas
· Cement
· Food and Beverage
Industrial Insulation Market Regional Analysis/Insights
The industrial insulation market is analyzed and market size insights and trends are provided by country, raw material, form and end-use industry as referenced above.
The countries covered in the industrial insulation market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Industrial Insulation Market Share Analysis
The industrial insulation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to industrial insulation market.
Some of the major players operating in the industrial insulation market are
· Owens Corning (US)
· Saint-Gobain Group (France)
· Knauf Insulation. (Belgium)
· Kingspan Group (Ireland)
· ROCKWOOL International A/S (Denmark)
· Armacell (Luxembourg)
· Cabot Corporation (US)
· Johns Manville. (US)
· Insulcon B.V. (Netherlands)
· Promat SpA (Italy)
· Aerofoam (UAE)
· Arabian Fiberglass Insulation Company Ltd. (Saudi Arabia)
· Beijing New Building Material (Group) Co., Ltd. (China)
· Beijing Hocreboard Building Materials Co. Ltd. (China)
· Dyplast Products (US)
· GlassRock (Egypt)
· HUTCHINSON (France)
· L'ISOLANTE K-FLEX S.p.A. (Italy)
· NMC International SA (Belgium)
· Temati (Netherlands)
· Unifrax (US)
· UNION FOAM (Italy)
COVID-19 had a minimal Impact on Industrial Insulation Market
COVID-19 had a negative impact on various industries including industrial insulation market. Both public and government sectors suffered greatly due to the facing financial crises during the outbreak of COVID-19. Businesses were shut down in numerous countries because of the social distancing guidelines and the imposition of lockdown. The cold insulation industry faced huge problems due to the shortage of laborers declining the low production. A decline in the demand for industrial insulation was witnessed owing to the limited production and shut down of industries, such as oil and gas, and chemicals. However, the industrial insulation market is expected to witness growth in demand after the post-covid-19 situation.
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MAJOR TOC OF THE REPORT
· Chapter One: Introduction
· Chapter Two: Market Segmentation
· Chapter Three: Market Overview
· Chapter Four: Executive Summary
· Chapter Five: Premium Insights
· Chapter Six: Industrial Insulation Market
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https://www.databridgemarketresearch.com/toc/?dbmr=global-industrial-insulation-market
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