PUBLISHER: The Business Research Company | PRODUCT CODE: 1931396
PUBLISHER: The Business Research Company | PRODUCT CODE: 1931396
Industrial insulation involves the application of insulation services to control surface temperature for personal protection, prevent corrosion of cold surfaces due to condensation, and enhance fire protection. It serves as a barrier against the progression or transmission of various forms of energy through insulated surfaces.
The primary forms of industrial insulation include pipe, blanket, board, and other variations. Pipe insulation refers to materials or combinations wrapped around a pipe to impede the flow of heat and energy. Various materials, such as mineral wool, calcium silicate, plastic foam, and others, find application in end-use industries including power, oil and gas, chemicals, petrochemicals, cement, food and beverage, among others.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are impacting the industrial insulation market by increasing costs of imported mineral wool, calcium silicate, plastic foams, and insulation manufacturing equipment. Power generation, oil and gas, and chemical industries in North America and Europe are most affected due to reliance on imported insulation materials, while Asia-Pacific faces cost pressure on export-oriented insulation production. These tariffs are increasing project costs and delaying insulation upgrades. However, they are also encouraging domestic insulation manufacturing, regional material sourcing, and innovation in energy-efficient insulation solutions.
The industrial insulation market research report is one of a series of new reports from The Business Research Company that provides industrial insulation market statistics, including industrial insulation industry global market size, regional shares, competitors with a industrial insulation market share, detailed industrial insulation market segments, market trends and opportunities, and any further data you may need to thrive in the industrial insulation industry. This industrial insulation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The industrial insulation market size has grown strongly in recent years. It will grow from $5.39 billion in 2025 to $5.83 billion in 2026 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to expansion of industrial infrastructure, increasing energy efficiency regulations, growth of oil and gas processing facilities, rising use of thermal insulation in power plants, availability of standardized insulation materials.
The industrial insulation market size is expected to see strong growth in the next few years. It will grow to $7.9 billion in 2030 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to increasing investments in sustainable industrial facilities, rising focus on emission reduction, expansion of renewable energy infrastructure, growing adoption of smart insulation monitoring systems, advancements in high-performance insulation materials. Major trends in the forecast period include increasing adoption of energy-efficient insulation materials, rising use of mineral wool and foam insulation, growing demand for fire-resistant insulation systems, expansion of insulation in industrial retrofits, enhanced focus on thermal efficiency and safety.
The rising demand for power and energy is anticipated to drive the growth of the industrial insulation market in the coming years. Power and energy requirements refer to the level of electrical power needed by a system at a given time to operate, as well as the total energy consumed over a period to ensure proper functioning. These requirements are increasing as expanding digitalization leads to a growing number of devices and systems that require uninterrupted electricity, resulting in higher overall energy consumption. Industrial insulation supports power and energy needs by minimizing heat loss in equipment and systems, thereby reducing energy usage and enhancing overall operational efficiency. For instance, in July 2024, according to the Energy Information Administration, a US-based government agency, in 2023, the electric power sector generated approximately 96% of all US utility-scale electricity, with nearly all of this output supplied to other end-use sectors. Therefore, the increasing power and energy requirements are fueling the growth of the industrial insulation market.
Key players operating in the industrial insulation market are concentrating on the development of advanced insulation solutions to address issues such as water ingress, enhance fire safety, and reduce environmental impact. Water-ingress-resistant insulation systems are designed to prevent moisture penetration into industrial equipment, thereby maintaining asset integrity and ensuring consistent thermal performance. For instance, in September 2023, ROCKWOOL, a Denmark-based producer of mineral wool products, introduced ProRox insulation to improve industrial safety and efficiency. This solution helps combat water ingress and reduces the risk of corrosion under insulation (CUI), while also delivering high levels of fire resistance, particularly in hydrocarbon-intensive environments. ProRox's stone wool composition provides both thermal and acoustic advantages, along with sustainability benefits such as ease of installation and reusability.
In April 2023, Compagnie de Saint-Gobain S.A., a France-based supplier of construction materials and sustainable building solutions, acquired U.P. Twiga Fiberglass Limited for approximately US$45-50 million (₹400 crore). Through this acquisition, Saint-Gobain sought to reinforce its insulation business in India and broaden its range of lightweight and sustainable building material offerings. U.P. Twiga Fiberglass Limited is an India-based manufacturer specializing in glass wool insulation and fiberglass-based thermal and acoustic insulation products.
Major companies operating in the industrial insulation market are Owens Corning, Johns Manville, ROCKWOOL International, Knauf Insulation, Saint-Gobain, Armacell, CertainTeed, Morgan Advanced Materials, Aspen Aerogels, K-Flex, Unifrax, Isolatek International, Superglass Insulation, Dow Inc, 3M Company, PPG Industries, BASF SE, Huntsman Corporation, Covestro AG, Kingspan Group, Cabot Corporation
Asia-Pacific was the largest region in the industrial insulation market in 2025. The regions covered in the industrial insulation market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the industrial insulation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The industrial insulation market includes revenues earned by entities by maintaining process temperature to the pre-determined value. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Industrial Insulation Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses industrial insulation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for industrial insulation ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The industrial insulation market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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