Market Research Report
Industrial Insulation Market Analysis By Product (Stone Wool, Glass Wool, CMS Fibers, Calcium Silicate, Foamed Plastic, Aerogel, Micro Silica), By Application (Power Generation, Petrochemical, EIP Industries, LNG/LPG), And Segment Forecasts, 2014 - 2025
|Published by||Grand View Research, Inc.||Product code||557201|
|Published||Content info||179 Pages
Delivery time: 1-2 business days
|Industrial Insulation Market Analysis By Product (Stone Wool, Glass Wool, CMS Fibers, Calcium Silicate, Foamed Plastic, Aerogel, Micro Silica), By Application (Power Generation, Petrochemical, EIP Industries, LNG/LPG), And Segment Forecasts, 2014 - 2025|
|Published: August 10, 2017||Content info: 179 Pages||
The global industrial insulation market is slated to reach USD 19.45 billion by 2025, growing at a CAGR of 6.0%, as per a new report published by Grand View Research, Inc. Adequate insulation and thermal mass provide an energy-efficient and economical design to industrial equipment and construction, nullifying the need for a heating system and curbing the operating costs. Manufacturers are striving to provide materials that improve the life cycle and thereby the efficiency of a product.
Foamed plastics are widely used to prevent heating and cooling losses, thus improving the overall energy efficiency of equipment used in end-use industries. Rising energy prices coupled with the growing importance of energy-efficient industrial infrastructure are slated to be major driving factors.
Blowing agents such as phenolic & PU foams contain ozone-depleting substances, such as hydro fluorocarbons (HFC), carbon dioxide, and pentane, which are greenhouse gasses known to pose serious threats to the environment. Stringent regulations by REACH to reduce the use of these toxic substances in insulation materials are expected to pose challenges towards the market growth.
The market is considered to be capital-intensive due to which entering and sustaining it requires a considerable amount of time, resources, and planning. Achieving economies of scale remains the top priority for the industry players.
The major business players in the market include Rockwool Technical Insulation, Paroc, Knauf Gips KG, TechnoNICOL Corporation, etc.