Global Industrial Insulation Market was valued US$ 11.58 Bn in 2019 and is expected to reach US$ 19.58 Bn by 2026, at a CAGR of 6.78 % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Insulation is a layer or coating of resistant material, which serves as a barrier to the targeted energy. Various industries use various Products of insulation for the purpose of energy conservation and improve the efficiency of machines, systems, equipment and components. The industrial insulations fulfil the purpose of protection and avoid energy loss from the body it is applied on to. The industrial insulation materials are generally non-conducting materials, which act as a barrier to the flow of heat, sound, moisture and others. During such processes industrial material transferring through pipes, and in vessels, boilers, storage tanks and other, these equipment’s are being insulated with insulation wraps/sheets, coatings and adhesive & sealants material to reduce the energy consumption as well to maintain nature of material.
Insulation increases the efficiency of production processes thereby reducing the energy consumption. Similarly, regulatory presence in various regions to minimize the energy consumption has sets the enhanced consumption of industrial insulation material. The factor further expected to drive the growth of this market due to increasing focus of regional government to reduce energy consumption.
The most common application of industrial insulation is to make the system thermal resistant and leak proof. Single or multiple layers of thermal insulator is applied to the fluid conduction pipes or on the boiler surface. Also, different Products of industrial insulators are present in the global market, which can be in the form of flexible sheets and pre-formed shapes, flexible blankets, rigid boards, blocks, sheets and pre-formed shapes, foams, liquids (spray, paints), etc.
Based on product, the wrap/sheets segment is expected to contribute major revenue share to the global market and is expected to maintain its dominance over the forecast period. On the other hand, high cost of industrial insulation in specific applications, such as industrial piping, is expected to limit the industrial insulation demand.
In terms of application, the chemical processes segment accounts for highest share in terms of revenue in the global market. Chemical processes accounted for over 25% share of the global market and is projected to grow at the highest CAGR. The chemical process has been sub-segmented with the emergence of ethylene crackers as the leader, which accounted for USD 256.6 Mn in 2017. Followed by chemical processes, power generation segment is expected to attain promising growth over the assessment period 2017-2026.
As of 2017, North America was the most promising regional level industrial insulation market across the globe and the U.S. was the major contributor to this growth. Additionally, the U.S. has generated the largest revenue of US$ 789 Mn. China and India are collectively driving the growth of the Asia Pacific market and accounted for over 50% share of the regional market in 2017. As per our analysis, a large number of industries are present in China and it is expected to be the most promising country-level market over the review period, 2018-2026.
The report covers a global and regional level estimation and analysis for the industrial insulation market. The impact of the different market factors, such as drivers, restraints, and opportunities, challenges key issues SWOT analysis, and technology forecasting is also illustrated in the report. The Industrial Insulation market report covers an in-depth study of global and regional market and market attractiveness analysis, wherein the application, Product, and regional segments are benchmarked based on their growth rate, general attractiveness, and market size.
Key players operating in the global industrial insulation market are Asahi Kasei Corporation, Kingspan Group Plc, Johns Manville, Covestro AG, The Dow Chemicals Company, Armacell, Insulcon Group, Isolatek International, BASF SE, Owens Corning, Saint-Gobain S.A., and Saint-Gobain S.A.
Scope of Global Industrial Insulation Market:
Global Industrial Insulation Market, by Product:
• Wraps/Sheets
• Coatings
• Adhesive & Sealants
Global Industrial Insulation Market, by Application:
• Chemical Processes
• LNG
• Power Generation
• Heat Exchangers
• Storage Tanks
• Boilers
• Hot & Cold Process Equipment
• Others
Global Industrial Insulation Market, by Region:
• North America
• Europe
• Middle East & Africa
• Asia Pacific
• Latin America
Key Players Operating In Global Industrial Insulation Market:
• Asahi Kasei Corporation
• Kingspan Group Plc
• Johns Manville
• Covestro AG
• The Dow Chemicals Company
• Armacell
• Insulcon Group
• Isolatek International
• BASF SE
• Owens Corning
• Saint-Gobain S.A.
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Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the global Industrial Insulation market during the historical period of 2014 – 2018.
The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2019, and key prospects over the forecast period 2019 – 2029.The global industrial insulation market is expected to grow at a steady pace of over 5% CAGR during the forecast period.
Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections of the Industrial Insulation market, both at global and regional levels.
The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Industrial Insulation market.After reading the Industrial Insulation market report, readers get insight into:Major drivers and restraining factors, opportunities and challenges, and the competitive landscapeNew, promising avenues in key regionsNew revenue streams for all players in emerging marketsFocus and changing role of various regulatory agencies in bolstering new opportunities in various regionsDemand and uptake patterns in key industries of the Industrial Insulation marketNew research and development projects in new technologies in key regional marketsChanging revenue share and size of key product segments during the forecast periodTechnologies and business models with disruptive potentialRequest for Sample Report with Statistical Info @ https://www.factmr.com/connectus/sample?flag=S_id=4675The Industrial Insulation market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period.
Key regions covered comprise:North America (U.S., Canada)Latin America (Brazil, Mexico, Argentina, Rest of Latin America)Europe (Germany, Italy, France, U.K., Spain, Benelux, Russia, Rest of Europe)East Asia (China, Japan, South Korea)JapanAPEJ (China, India, Indonesia, Thailand, Singapore, Australia & New Zealand, Rest of Asia Pacific)South Asia & Oceania (India, Thailand, Indonesia, Malaysia, Australia & New Zealand, Rest of South Asia & Oceania)Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of Middle East & Africa)The evaluation of the competitive landscape in the Industrial Insulation market covers the profile of the following top players: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.To expand the understanding of opportunities in the global Industrial Insulation market report looks at close quarters into the opportunities and new avenues in following key segments:Power GenerationPetrochemical & RefineriesEIP IndustriesLNG/LPGOthersIn addition to understanding the demand patterns of various Application, the report on the Industrial Insulation market also enumerates trends expected to attract investments by other various associated industries.On the basis of Material types, the Industrial Insulation market report offers insight into major adoption trends for the following segments:Stone WoolGlass WoolCMS FibersCalcium SilicateCellular GlassFoamed PlasticElastomeric FoamPerliteAerogelCelluloseMicro SilicaOthersBy Product,PipeBoardBlanketOthersThe global Industrial Insulation market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period.
In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.For More Detailed Information about Methodology @ https://www.factmr.com/connectus/sample?flag=RM_id=4675Some important questions that the Industrial Insulation market report tries to answer exhaustively are:Key strategic moves by various players in the Industrial Insulation market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares.Which strategies will enable top players in the Industrial Insulation market to expand their geographic footprints?Which new business models are expected to change the course of growth of key regional markets in near future?Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants?Which products segments have in recent years have seen new, lucrative application areas?Blog: https://currentmarketnewsblog.wordpress.com/Media Release: https://www.factmr.com/media-release/1430/global-industrial-insulation-market
The global Industrial Insulation Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2021-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.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.Get more information on "Global Industrial Insulation Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/industrial-insulation-market/download-sampleMarket DynamicsThe 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.
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.
The global industrial insulation market size is expected to reach USD 10.79 billion by 2027, expanding at a CAGR of 5.1% over the forecast period, according to a new report published by Radiant Insights, Inc. Benefits of insulation systems, such as equipment protection and increased system efficiency are anticipated to drive the demand.
Fluctuations in the crude oil prices are anticipated to result in uncertainty in the prices of the raw materials derived from petrochemicals, which increases the bargaining power of the suppliers.
The volatile raw material prices are anticipated to restrict the market growth in the forthcoming years.
Download Free Sample Report @ https://www.radiantinsights.com/research/industrial-insulation-market/request-sample The market exhibits a degree of integration, where raw material suppliers such as Knauf Insulation and Armacell LLC are trying to integrate for manufacturing insulation materials.
Further key findings from the report suggest: • Stone wool accounted for the highest market share of 22.8% in 2019 as it is increasingly used in maintaining energy efficiency and provides fire protection with good acoustics • The pipe insulation product segment accounted for USD 3.34 Billion in 2019 and is estimated to expand at a CAGR of 5.7% from 2020 to 2027 on account of its growing use for applications such as heat conservation, fireproofing, and soundproofing • Power generation application segment is projected to expand at a CAGR of 5.5% from 2020 to 2027 owing to the increasing demand for insulation materials in the thermal power generation industry to minimize the energy losses • Asia Pacific is expected to witness the highest growth over the forecast period and reach USD 3.02 billion in 2027 on account of the rising adoption of insulation materials in oil and gas and manufacturing industry • Europe industrial insulation market accounted for USD 2.51 billion in 2019 and is estimated to expand at a CAGR of 4.7% from 2020 to 2027 owing to the presence of stringent regulatory norms pertaining to the use of industrial insulation materials Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/industrial-insulation-market Table of Contents Chapter 1.
Industrial Insulation Market: Material Movement Analysis, 2019 & 20274.2.
Global Industrial Insulation Market was valued at US$ 11.58 Bn in 2019 and is expected to reach US$ 19.58 Bn by 2026, at a CAGR of 6.78% during a forecast period.The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors.
The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.To know about the Research Methodology:-Request Free Sample ReportInsulation is a layer or coating of resistant material, which serves as a barrier to the targeted energy.
Industrial insulation fulfills the purpose of protection and avoids energy loss from the body which applied onto.Industrial insulation materials are generally non-conducting materials, which act as a barrier to the flow of heat, sound, moisture, and others.
The factor further expected to drive the growth of this market due to the increasing focus of regional government to reduce energy consumption.The most common application of industrial insulation is to make the system thermal resistant and leakproof.
Single or multiple layers of a thermal insulator are applied to the fluid conduction pipes or on the boiler surface.
Also, different Products of industrial insulators are present in the global market, which can be in the form of flexible sheets and pre-formed shaped, flexible blankets, rigid boards, blocks, sheets, and pre-formed shapes, foams, liquids (spray, paints), etc.Based on the product, the wrap/sheets segment is expected to contribute a major revenue share to the global market and is expected to maintain its dominance over the forecast period.
