Global Industrial Insulation Market is accounted for $2.06 billion in 2019 and is expected to reach $3.40 billion by 2027 growing at a CAGR of 6.5% during the forecast period. Regulations mandating the use of insulation for energy conservation and rising power and energy requirements in emerging as well as developed economies are the major factors propelling the market growth.
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By geography, North America is going to have a lucrative growth during the forecast period due to the implementation of new provincial building codes in several provinces addressing energy consumption in commercial buildings. Rise in the demand for high-quality products in order to reduce carbon emissions is expected to drive the regional market. Increasing number of recovery construction projects in the U.S., particularly in the commercial segments is projected to augment the growth. Rising awareness related to environment-friendly construction practices in the country is expected to further propel the product demand on account of its ability to reduce energy consumption.
Some of the key players profiled in the Industrial Insulation Market include Armacell International SA, BASF SE, Berkshire Hathaway Incorporated, Insulcon BV, Johns Manville, Kingspan Group PLC, Knauf Insulation, Nichias Corporation, Owens Corning, Paroc Group, Refractory Specialties Incorporated, Rockwool Group, Saint Gobain, Samhwa Chemicals Co., , Ltd, Solvay, and Thomas Insulation Corporation.
Types Covered in Industrial Insulation Market
• Thermal Insulation
• Acoustic Insulation
• Moisture Proof
Products Covered:
• Wraps/Sheets
• Coatings
• Adhesive & Sealants
Forms Covered:
• Pipe
• Blanket
• Board
Materials Covered:
• Aerogel
• Calcium Silicate
• Calcium, Magnesium, and Silica (CMS) Fibers
• Cellular Glass
• Cellulose
• Elastomeric Foam
• Fiber Glass
• Micro Silica
• Mineral Wool
• Perlite
• Plastic Foams
End Users Covered:
• Automotive
• Boilers
• Cement
• Construction
• Eco-Industrial Park (EIP) Industries
• Electrical and Electronics
• Food & Beverage
• Heat Exchangers
• Hot & Cold Process Equipments
• Oil
• Gas
• Petrochemical & Refineries
• Power Generation
• Steel Manufacturing
• Storage Tanks
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