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

Industrial Thermal Insulation Trends and Forecast

The future of the global industrial thermal insulation market looks promising with opportunities in the petrochemical & refineries, power generation, aerospace & defense, and automotive markets. The global industrial thermal insulation market is expected to reach an estimated $3.5 billion by 2030 with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are rising industrialization across development economies, high need for of energy conservation in several industries,such as oil and gas, power generation, chemical and manufacturing, and rise in demand for enhancing equipment efficiency.

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

Industrial Thermal Insulation by Segment

The study includes a forecast for the global industrial thermal insulation by material, end use industry, and region.

Industrial Thermal Insulation Market by Material [Shipment Analysis by Value from 2018 to 2030]:

• Calcium Silicate
• Mineral Fiber
• Foamed Plastic
• Perlite
• Cellular Glass

Industrial Thermal Insulation Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Petrochemical & Refineries
• Power Generation
• Aerospace & Defense
• Automotive
• Others

Industrial Thermal 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 Thermal 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 thermal insulation companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the industrial thermal insulation companies profiled in this report include-

• Rockwool Insulation
• Poroc Group
• Anco Products
• Cabot
• Rath Group
• Morgan Advanced Materials
• Unifrax

Industrial Thermal Insulation Market Insights

Lucintel forecasts that calcium silicate is expected to witness highest growth over the forecast period due to its enhanced infrared radiation barrier.

Within this market, petrochemical & refineries will remain the largest segment due to higher need of insulation solutions that can withstand high temperatures, prevent heat loss, and improve energy efficiency.

APAC is expected to witness highest growth over the forecast period due to rapid expansion of the building & construction industry.

Features of the Global Industrial Thermal Insulation Market

Market Size Estimates: Industrial thermal 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 thermal insulation market size by material, end use industry, and region in terms of value ($B).

Regional Analysis: Industrial thermal insulation market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different material, end use industry, and regions for the industrial thermal insulation market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the industrial thermal insulation market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the industrial thermal insulation market size?

Answer: The global industrial thermal insulation market is expected to reach an estimated $3.5 billion by 2030.

Q2. What is the growth forecast for industrial thermal insulation market?

Answer: The global industrial thermal insulation market is expected to grow with a CAGR of 4.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the industrial thermal insulation market?

Answer: The major drivers for this market are rising industrialization across development economies, high need for of energy conservation in several industries,such as oil and gas, power generation, chemical and manufacturing and rise in demand for enhancing equipment efficiency.

Q4. What are the major segments for industrial thermal insulation market?

Answer: The future of the industrial thermal insulation market looks promising with opportunities in the petrochemical & refineries, power generation, aerospace & defense, and automotive markets.

Q5. Who are the key industrial thermal insulation market companies?

Answer: Some of the key industrial thermal insulation companies are as follows:

• Rockwool Insulation
• Poroc Group
• Anco Products
• Cabot
• Rath Group
• Morgan Advanced Materials
• Unifrax

Q6. Which industrial thermal insulation market segment will be the largest in future?

Answer: Lucintel forecasts that calcium silicate is expected to witness highest growth over the forecast period due to its enhanced infrared radiation barrier.

Q7. In industrial thermal 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 expansion of the building & construction industry.

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 thermal insulation market by material (calcium silicate, mineral fiber, foamed plastic, perlite, and cellular glass), end use industry (petrochemical & refineries, power generation, aerospace & defense, automotive, and others), 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?