Industrial Insulation Market Report

Market Insights

Industrial Insulation Market is likely to witness an impressive CAGR of 5.0% during the forecast period.  The growing demand for electricity due to the increasing population and industrialization in emerging economies is expected to govern the growth of the market, along with the rapid urbanization and stringent regulations for energy conservation in various industries such as chemical & petrochemical and cement, which are likely to boost the market demand during the next five years.

Segment Analysis

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Industrial Insulation Market Share: By Material Type

Based on the material type, the market is segmented as mineral wool, calcium silicate, plastic foams, and others. The mineral wool segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The unique properties of mineral wool such as low conductivity, noise reduction, and easy availability drive the growth of the segment. Also, its recyclability, low cost, and suitability for various end-use industries are expected to boost the demand for industrial insulation during the forecast period.

Industrial Insulation Market Share: By End-User Industry Type

Based on the end-user industry type, the market is segmented as power, chemical & pharmaceutical, oil & gas, cement, food & beverages, and others. The power industry segment is expected to remain the fastest-growing segment, owing to the increasing demand for electricity from growing population, urbanization, and industrialization in emerging economies such as China, India, and others.

Industrial Insulation Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing industrial insulation market during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. The growth of the market is driven by the widespread trend of industrial and urbanization in the region, along-with the growth of the chemical & petrochemical sector in the region, owing to the increasing demand for petrochemical-based products.

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Market Scope & Segmentation

Insulation is a method of reducing the rate of heat transfer by controlling surface temperature for personnel protection. It controls and stabilizes the industrial temperature through various tools such as pipes, vessels, storage tanks, boilers and many others. It also helps to control noise and variation to encase piping mechanism.  

Industrial insulation materials are of different types, such as mineral wool, calcium silicate, plastic foams, and others, that are used in various end-use industries, such as power, chemical & pharmaceutical, oil & gas, cement, food & beverages, and others.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The industrial insulation market is segmented into the following categories. 

Industrial Insulation Market Size, Share, & Forecast, by Material Type:

• Mineral Wool (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Calcium Silicate (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Plastic Foams (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Material Type Analysis: Microporous, Aerogel, and Natural Fibers)

Industrial Insulation Market Size, Share, & Forecast, by Form Type:

• Pipe (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Blanket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Board (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Industrial Insulation Market Size, Share, & Forecast, by End-User Industry Type:

• Power (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Chemical & Pharmaceutical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Cement (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Food & Beverages (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (End-User Industry Type Analysis: Pharmaceutical, Marine, and Metal Processing)

Industrial Insulation Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the major players in the industrial insulation market are-

• Owens Corning
• Saint Gobain SA
• Knauf Insulation
• Insulcon B.V.
• Kingspan Group PLC
• Rockwool Group
• Armacell International S. A.
• Cabot Corporation
• Johns Manville,
• Promat (Etex Group)

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the form types by end-user industry type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.