Global Variable Frequency Drive (VFD) Cables Market Growth 2025-2031
Description
The global Tank Insulation market size is predicted to grow from US$ 5609 million in 2025 to US$ 7688 million in 2031; it is expected to grow at a CAGR of 5.4% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Tank insulation refers to the application of insulating materials around storage tanks to minimize heat loss or gain, maintain desired temperatures, ensure safety, and improve energy efficiency. These tanks can store various substances such as chemicals, oil, gas, liquefied natural gas (LNG), water, or food-grade products, and insulation is critical for both hot and cold storage environments.
Common insulation materials include polyurethane foam (PUF), fiberglass, mineral wool, expanded perlite, cellular glass, and aerogel. Tank insulation systems may be installed on both vertical and horizontal tanks, and they vary depending on the tank's location (aboveground or underground), contents, and operating temperature.
Market Drivers
Energy conservation and efficiency: Growing emphasis on energy-saving solutions is driving demand for insulation in industrial, oil & gas, and food processing sectors.
Expansion of chemical and LNG storage infrastructure: As LNG and petrochemical storage expands, especially in Asia-Pacific and the Middle East, demand for high-performance insulation grows.
Stringent environmental and safety regulations: Requirements to prevent heat loss and emissions (such as VOCs or methane) have increased adoption of thermal insulation in tanks.
Rising industrialization and urbanization: Emerging markets are witnessing increased construction of insulated storage tanks in sectors such as power generation, water treatment, and agriculture.
Asia-Pacific leads the market due to large-scale investments in petrochemical, energy, and LNG projects, especially in China, India, and Southeast Asia. North America and Europe follow due to mature oil & gas and chemical sectors with increasingly strict regulatory standards.
LP Information, Inc. (LPI) ' newest research report, the “Tank Insulation Industry Forecast” looks at past sales and reviews total world Tank Insulation sales in 2024, providing a comprehensive analysis by region and market sector of projected Tank Insulation sales for 2025 through 2031. With Tank Insulation sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Tank Insulation industry.
This Insight Report provides a comprehensive analysis of the global Tank Insulation landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Tank Insulation portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Tank Insulation market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Tank Insulation and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Tank Insulation.
This report presents a comprehensive overview, market shares, and growth opportunities of Tank Insulation market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
PU & PIR
Rockwool
Fiberglass
Elastomeric Foam
Cellular Glass
EPS
Others
Segmentation by Application:
Oil & Gas
Chemical
Food & Beverage
Power Generation
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Rockwool
Armacell
Owens Corning
Saint-Gobain
Cabot
Sika
Kingspan
Johns Manville
Knauf Insulation
BASF
Covestro
Huntsman
Röchling Group
Dunmore
Elliott Company
Key Questions Addressed in this Report
What is the 10-year outlook for the global Tank Insulation market?
What factors are driving Tank Insulation market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Tank Insulation market opportunities vary by end market size?
How does Tank Insulation break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Tank insulation refers to the application of insulating materials around storage tanks to minimize heat loss or gain, maintain desired temperatures, ensure safety, and improve energy efficiency. These tanks can store various substances such as chemicals, oil, gas, liquefied natural gas (LNG), water, or food-grade products, and insulation is critical for both hot and cold storage environments.
Common insulation materials include polyurethane foam (PUF), fiberglass, mineral wool, expanded perlite, cellular glass, and aerogel. Tank insulation systems may be installed on both vertical and horizontal tanks, and they vary depending on the tank's location (aboveground or underground), contents, and operating temperature.
Market Drivers
Energy conservation and efficiency: Growing emphasis on energy-saving solutions is driving demand for insulation in industrial, oil & gas, and food processing sectors.
Expansion of chemical and LNG storage infrastructure: As LNG and petrochemical storage expands, especially in Asia-Pacific and the Middle East, demand for high-performance insulation grows.
Stringent environmental and safety regulations: Requirements to prevent heat loss and emissions (such as VOCs or methane) have increased adoption of thermal insulation in tanks.
Rising industrialization and urbanization: Emerging markets are witnessing increased construction of insulated storage tanks in sectors such as power generation, water treatment, and agriculture.
Asia-Pacific leads the market due to large-scale investments in petrochemical, energy, and LNG projects, especially in China, India, and Southeast Asia. North America and Europe follow due to mature oil & gas and chemical sectors with increasingly strict regulatory standards.
LP Information, Inc. (LPI) ' newest research report, the “Tank Insulation Industry Forecast” looks at past sales and reviews total world Tank Insulation sales in 2024, providing a comprehensive analysis by region and market sector of projected Tank Insulation sales for 2025 through 2031. With Tank Insulation sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Tank Insulation industry.
This Insight Report provides a comprehensive analysis of the global Tank Insulation landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Tank Insulation portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Tank Insulation market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Tank Insulation and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Tank Insulation.
This report presents a comprehensive overview, market shares, and growth opportunities of Tank Insulation market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
PU & PIR
Rockwool
Fiberglass
Elastomeric Foam
Cellular Glass
EPS
Others
Segmentation by Application:
Oil & Gas
Chemical
Food & Beverage
Power Generation
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Rockwool
Armacell
Owens Corning
Saint-Gobain
Cabot
Sika
Kingspan
Johns Manville
Knauf Insulation
BASF
Covestro
Huntsman
Röchling Group
Dunmore
Elliott Company
Key Questions Addressed in this Report
What is the 10-year outlook for the global Tank Insulation market?
What factors are driving Tank Insulation market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Tank Insulation market opportunities vary by end market size?
How does Tank Insulation break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
118 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Variable Frequency Drive (VFD) Cables by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Variable Frequency Drive (VFD) Cables by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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