The future of the global industrial insulation market looks promising with opportunities in the power, oil & petrochemical, gas, chemical, cement, and food & beverage markets. The global industrial insulation market is expected to reach an estimated $6 billion by 2030 with a CAGR of 5.5% from 2024 to 2030. The major drivers for this market are increased urbanization and population, rising demand for improving equipment efficiency and process performance, and growing awareness towards benefits of insulation.
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Industrial Insulation by Segment
The study includes a forecast for the global industrial insulation by form, material, end use, and region.
Industrial Insulation Market by Form [Shipment Analysis by Value from 2018 to 2030]:
Pipe
Blanket
Board
Industrial Insulation Market by Material [Shipment Analysis by Value from 2018 to 2030]:
Mineral Wool
Calcium Silicate
Plastic Foams
Industrial Insulation Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
Power
Oil & Petrochemical
Gas
Chemical
Cement
Food & Beverage
Industrial Insulation Market by Region [Shipment Analysis by Value from 2018 to 2030]:
North America
Europe
Asia Pacific
The Rest of the World
List of Industrial Insulation Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies industrial insulation companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the industrial insulation companies profiled in this report include-
Poroc Group
Knauf Insulation
Technonicol Corporation
Anco Products
Aspen Aerogels
Cabot Corporation
Morgan Advanced Materials
Industrial Insulation Market Insights
Lucintel forecasts that pipe is expected to witness highest growth over the forecast period due to increasing need to reduce energy loss to a high extent while controlling energy prices.
Within this market, power is expected to witness highest growth because it helps in maintaining the temperatures of steam boilers at certain levels.
APAC is expected to witness highest growth over the forecast period due to rapid industrialization, increased urbanization, and rising thermal energy production in the region.
Features of the Global Industrial Insulation Market
Market Size Estimates: Industrial insulation market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Industrial insulation market size by form, material, end use, and region in terms of value ($B).
Regional Analysis: Industrial insulation market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different forms, materials, end uses, and regions for the industrial insulation market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the industrial insulation market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the industrial insulation market size?
Answer: The global industrial insulation market is expected to reach an estimated $6 billion by 2030.
Q2. What is the growth forecast for industrial insulation market?
Answer: The global industrial insulation market is expected to grow with a CAGR of 5.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the industrial insulation market?
Answer: The major drivers for this market are increased urbanization and population, rising demand for improving equipment efficiency and process performance, and growing awareness towards benefits of insulation.
Q4. What are the major segments for industrial insulation market?
Answer: The future of the industrial insulation market looks promising with opportunities in the power, oil & petrochemical, gas, chemical, cement, and food & beverage markets.
Q5. Who are the key industrial insulation market companies?
Answer: Some of the key industrial insulation companies are as follows:
Poroc Group
Knauf Insulation
Technonicol Corporation
Anco Products
Aspen Aerogels
Cabot Corporation
Morgan Advanced Materials
Q6. Which industrial insulation market segment will be the largest in future?
Answer: Lucintel forecasts that pipe is expected to witness highest growth over the forecast period due to increasing need to reduce energy loss to a high extent while controlling energy prices.
Q7. In industrial insulation market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rapid industrialization, increased urbanization, and rising thermal energy production in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the industrial insulation market by form (pipe, blanket, and board), material (mineral wool, calcium silicate, and plastic foams), end use (power, oil & petrochemical, gas, chemical, cement, and food & beverage), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
Table of Contents
1. Executive Summary
2. Global Industrial Insulation Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Industrial Insulation Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Industrial Insulation Market by Form
3.3.1: Pipe
3.3.2: Blanket
3.3.3: Board
3.4: Global Industrial Insulation Market by Material
3.4.1: Mineral wool
3.4.2: Calcium silicate
3.4.3: Plastic foams
3.5: Global Industrial Insulation Market by End Use
3.5.1: Power
3.5.2: Oil & Petrochemical
3.5.3: Gas
3.5.4: Chemical
3.5.5: Cement
3.5.6: Food & Beverage
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Industrial Insulation Market by Region
4.2: North American Industrial Insulation Market
4.2.2: North American Industrial Insulation Market by End Use: Power, Oil & Petrochemical, Gas, Chemical, Cement, and Food & Beverage
4.3: European Industrial Insulation Market
4.3.1: European Industrial Insulation Market by Form: Pipe, Blanket, and Board
4.3.2: European Industrial Insulation Market by End Use: Power, Oil & Petrochemical, Gas, Chemical, Cement, and Food & Beverage
4.4: APAC Industrial Insulation Market
4.4.1: APAC Industrial Insulation Market by Form: Pipe, Blanket, and Board
4.4.2: APAC Industrial Insulation Market by End Use: Power, Oil & Petrochemical, Gas, Chemical, Cement, and Food & Beverage
4.5: ROW Industrial Insulation Market
4.5.1: ROW Industrial Insulation Market by Form: Pipe, Blanket, and Board
4.5.2: ROW Industrial Insulation Market by End Use: Power, Oil & Petrochemical, Gas, Chemical, Cement, and Food & Beverage
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter's Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Industrial Insulation Market by Form
6.1.2: Growth Opportunities for the Global Industrial Insulation Market by Material
6.1.3: Growth Opportunities for the Global Industrial Insulation Market by End Use
6.1.4: Growth Opportunities for the Global Industrial Insulation Market by Region
6.2: Emerging Trends in the Global Industrial Insulation Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Industrial Insulation Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Industrial Insulation Market