Industrial Insulation Market Report: Trends, Forecast and Competitive Analysis to 2030

Industrial Insulation Trends and Forecast

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.

A more than 150-page report is developed to help in your business decisions.

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?