Industrial Insulation Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029

Published on : Mar-2020 | List of Tables : 74 | List of Figures : 257 | No. of Pages : 170 | Report Code : FACT4675MR |

Industrial Insulation Market to Grow 1.6X, Growth Sustained by Energy-Efficient Industrial Production

Manufacturing units are employing industrial insulation to increase efficiency of temperature sensitive processes. The global industrial insulation market is expected to grow at a steady pace of over 5% CAGR during the forecast period. Stringent energy conservation laws for industries such as chemicals, petrochemicals, power generation, and cement further the demand for industrial insulation products. Surging demand for electricity to power emerging economies will propel the demand for industrial insulation in power generation. Similar growth prospects can be seen in oil & energy exploration in developed countries. The omnipresent need to reduce carbon emissions caused by energy intensive heating and cooling systems present industrial insulators with a robust growth opportunity.

Wool to Remain Highly Preferred

Stone wool and glass wool, collectively account for a majority share of the total market value. From their combined share of over 43%, glass wool garners maximum revenue with the highest share of 22%. Versatility of fitting into uneven surfaces coupled with cost effective insulation characteristics, is giving an uptick to glass wool revenues. However, stone wool will offer competitive revenue opportunities as the segment is projected to grow 1.8X through 2029. Stone wool insulation products will grow at an impressive 6% CAGR during the forecast period. Calcium Silicate is an emerging material type that exhibits a strong growth trajectory with 5.5% CAGR through 2029. This can be attributed to the growing adoption of calcium silicate as an alternative to asbestos in high temperature end-uses.

North America to Maintain its Hegemony amid Efficient Industrial Production Trends

North America leads global sales with over 1/3rd market value share. This can be attributed to surging demand for efficient industrial production. When coupled with stringent industrial pollution standards, industrial insulation is an ideal eco-friendly alternative. Owing to factors such as reduced heat loss and enhanced protection of laborers, developing countries of South Asia & Oceania are adopting industrial insulation products. The region offers the most lucrative growth prospects with a stellar 8% CAGR during the projection period. Government emphasis on developing energy efficient industrial infrastructure adds to the demand for industrial insulation from South Asia & Oceania.

industrial insulation market 2

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Market Players to Leverage Differentiated Product Portfolio and Capacity Expansions

A versatile product portfolio and capacity expansions shape the competitive landscape in the industrial insulation market. The market is fairly consolidated with major players acquiring strategic revenue sources in emerging, as well as, developed markets. Research and development of advanced materials to reduce production costs and increase product efficiency remains a top priority for organizations. Major players that influence the market during the forecast period are, but not limited to, Rockwool Insulation A/S, Paroc Group Oy, Knauf Insulation, TechnoNICOL Corporation, NICHIAS Corporation, Anco Products, Inc., Aspen aerogels, Inc., Cabot Corporation, Morgan Advanced Materials plc, Unifrax LLC, RATH Group, IBIDEN CO., LTD., Armacell International Holding GmbH, L'ISOLANTE K-FLEX S.p.A., NMC Group, Kaimann, Pittsburgh Corning Europe N.V., GLAPOR Werk Mitterteich, and Duna-Corradini S.p.A.

industrial insulation market 1

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Global Industrial Insulation Market – Scope of the Report

The following report provides forecast and analysis of the global industrial insulation market along with the historical data of 2014, estimated data 2019 and forecast data up to 2029 in terms of value (US$ Mn) and volume (Kilo Tons), according to a Fact.MR study. The research propounds critical trends that are currently influencing growth within the global industrial insulation market along with several macro-economic indicators. This newly published and insightful report on industrial insulation sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global industrial insulation market.

The report also comprises the study of current issues with end users and opportunities for industrial insulation. It also contains value chain analysis, including the key market participants. To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews. The dashboard included in the report provides a detailed comparison of industrial insulation manufacturers on parameters such as total revenue, product offerings, and key strategies. A list of key companies operating in the industrial insulation market provided in the report adds to the credibility of this exhaustive research study.

Global Industrial Insulation Market: In-Depth Assessment on Key Segments

The global industrial insulation market is segmented on the basis of material, product, application and region.

Material

Product

Application

Region

Stone Wool

Pipe

Power Generation

North America

Glass Wool

Board

Petrochemical & Refineries

Latin America

CMS Fibers

Blanket

EIP Industries

Europe

Calcium Silicate

Others

LNG/LPG

East Asia

Cellular Glass

 

Others

South Asia & Oceania

Foamed Plastic

 

 

Middle East & Africa

Elastomeric Foam

 

 

 

Perlite

 

 

 

Aerogel

 

 

 

Cellulose

 

 

 

Micro Silica

 

 

 

Others

 

 

 

This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.           

Country-specific assessment on demand for industrial insulation has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous industrial insulation manufacturers, experts, and suppliers. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.

The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries. The market has been forecasted based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global industrial insulation market. Some of the major competitors operating in the industrial insulation market are Rockwool Insulation A/S, Paroc Group Oy, Knauf Insulation, Cabot Corporation, Morgan Advanced Materials plc, Unifrax LLC, RATH Group, IBIDEN CO., LTD., Saint Gobain S.A. and others.

Global Industrial Insulation Market: Research Methodology

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research. The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the industrial insulation market.

A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of the industrial insulation market, which includes global GDP growth rate, various sector growth rate such as power generation, petrochemical & refineries, EIP industries, LNG/LPG and others. This report serves as an authentic resource of intelligence on the industrial insulation market, enabling the readers to take fact-based decisions on the future direction of their businesses.

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Industrial Insulation Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029