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Industrial Insulation Market by Form (Pipe, Blanket, Board), Material (Mineral Wool, Calcium Silicate, Plastic Foams), End-use Industry (Power, Chemical & Petrochemical, Oil & Gas, Cement, Food & Beverage), and Region - Global Forecast to 2024

Industrial Insulation Market by Form (Pipe, Blanket, Board), Material (Mineral Wool, Calcium Silicate, Plastic Foams), End-use Industry (Power, Chemical & Petrochemical, Oil & Gas, Cement, Food & Beverage), and Region - Global Forecast to 2024

“The industrial insulation market is projected to register a CAGR of 5.0%, in terms of value, between 2019 and 2024.”
The industrial insulation market is projected to grow from USD 2.6 billion in 2019 to USD 3.3 billion by 2024, at a CAGR of 5.0%. The increasing demand for electricity owing to rapid urbanization, growing population, and rising requirements of power & energy in emerging economies are the major drivers for the industrial insulation market. Another factor driving the industrial insulation market is the strict regulations mandating the use of industrial insulation to conserve energy and achieve efficiency in operations. However, the fluctuations in the availability and prices of raw material, low awareness about the application of insulation, and increasing use of renewable energy sources such as Solar PV can hinder the growth of the market.

“Mineral wool segment is expected to be the fastest-growing material for industrial insulation, during the forecast period.”
Mineral wool is an inorganic insulation material formed by using molten basalt rock, glass or industrial waste. Reduced temperature fluctuations, energy conservation, and availability in pre-formed shapes are the advantages of the material. Mineral wool is used in heavy industrial applications such as power generation, chemical & petrochemical, oil & gas, and cement owing to its high-temperature sustainability. The presence of the properties mentioned above, along with easy availability, and low cost are the major drivers for the use of mineral wool in industrial insulation.

“Pipe form is expected to be the largest utilized form of industrial insulation during the forecast period.”
Pipe is the major form of insulation used in power, oil & gas and chemical & petrochemical industry, as it facilitates a smooth transfer of fluid from one section to another. Industrial insulation materials such as mineral wool, plastic foam, and calcium silicate can be formed easily into a pipe shape. Pipe form has high dimensional stability and compressive strength. Presence of these properties acts as the major driver for the use of pipe form in industrial insulation.

“Power is estimated to be the largest end-use industry of industrial insulation market during the forecast period.”
Power generation is the largest end-use industry for industrial insulation. Insulation is used to cover a variety of equipment such as steam pipes, heat storage tanks, and boilers, among others in the power generation industry. The power generation market in developed countries such as the US, and the UK, among others, are saturated since the electricity demand in these developed countries is stable. However, the need for electricity in emerging economies such as China, India, Brazil, and South Africa is growing, mainly driven by industrialization, urbanization, population growth, and rapid electrification. These factors drive the demand for industrial insulation in the power generation industry.

“APAC is projected to be the largest industrial insulation market during the forecast period.”
APAC was the most promising market for industrial insulation in 2018, and the trend is expected to continue during the forecast period. The growing population, increasing demand for petrochemical-based products, rapid industrialization, and urbanization are demanding more electricity, hence driving the APAC industrial insulation market. Shifting demographics such as aging population, growing awareness about health & fitness, and improving lifestyle standard are responsible for the high growth of the market in the food & beverages segment. In addition, rapid infrastructural development is driving the construction sector; thus, propelling the industrial insulation market in the region.

The market sizes estimated in this study were validated through primary interviews conducted with various industry experts globally. These primary sources are divided into three categories:
By Company Type: Tier I - 25%, Tier II - 50%, and Tier III - 25%
By Designation: C Level - 20%, Director Level - 30%, and Others - 50%
By Region: North America - 22%, Europe - 33%, APAC - 28%, and RoW - 17%

The report profiles several leading players of the industrial insulation market that include Owens Corning (US), Saint Gobain (France), Kingspan Group PLC (Ireland), Knauf Insulation (Belgium), Rockwool Group (Denmark), and Johns Manville (US). The report also includes detailed information about various growth strategies adopted by these key players to strengthen their position in the industrial insulation market.

RESEARCH COVERAGE
The objective of this study is to define, describe, and forecast the industrial insulation market based on various segmentations and strategically analyze these market segments with respect to individual growth trends, growth prospects, and contribution to the overall industrial insulation market. In this report, the industrial insulation market has been segmented based on material, form, end-use industry, and region.

KEY BENEFITS OF BUYING THE REPORT
The report is expected to help market leaders/new entrants in the industrial insulation market in the following ways:
1. This report comprehensively segments the industrial insulation market and provides the closest approximations for the sizes of different segments and subsegments of the market across different verticals and regions.
2. This report is expected to help stakeholders in obtaining an improved understanding of their competitors and gain insights about their businesses. The competitive landscape section includes detailed information about strategies such as merger & acquisition, agreement, and investment & expansion, which were undertaken by various key players to enhance their position in the industrial insulation market.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • INDUSTRIAL INSULATION MARKET SEGMENTATION
      • REGIONS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
    • ASSUMPTIONS
    • LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE INDUSTRIAL INSULATION MARKET
    • INDUSTRIAL INSULATION MARKET, BY MATERIAL
    • INDUSTRIAL INSULATION MARKET, BY FORM
    • INDUSTRIAL INSULATION MARKET, BY END-USE INDUSTRY
    • INDUSTRIAL INSULATION MARKET, BY REGION
    • APAC INDUSTRIAL INSULATION MARKET, BY END-USE INDUSTRY AND COUNTRY
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREATS OF SUBSTITUTES
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
  • INDUSTRIAL INSULATION MARKET, BY MATERIAL
    • INTRODUCTION
      • Table INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2017-2024 (USD MILLION)
    • MINERAL WOOL
      • INCREASED NEED FOR ENERGY SAVING SOLUTIONS IS DRIVING THE DEMAND FOR MINERAL WOOL
        • Table MINERAL WOOL INDUSTRIAL INSULATION MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • CALCIUM SILICATE
      • DEMAND FOR CALCIUM SILICATE INSULATION IS DRIVEN BY LOW COST
        • Table CALCIUM SILICATE INDUSTRIAL INSULATION MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • PLASTIC FOAMS
      • APAC IS PROJECTED TO BE THE FASTEST-GROWING MARKET FOR PLASTIC FOAMS
        • Table PLASTIC FOAM INDUSTRIAL INSULATION MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • OTHERS
      • Table OTHER INDUSTRIAL INSULATION MATERIALS MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • INDUSTRIAL INSULATION MARKET, BY FORM
    • INTRODUCTION
      • Table INDUSTRIAL INSULATION MARKET SIZE, BY FORM, 2017-2024 (USD MILLION)
    • PIPE
      • PIPE FORM OF INDUSTRIAL INSULATION IS WIDELY USED IN VARIOUS INDUSTRIES TO ENHANCE ENERGY EFFICIENCY
    • BLANKET
      • EASY FABRICATION AND LIGHTWEIGHT PROPERTY ARE FUELING THE DEMAND FOR BLANKET INSULATION
    • BOARD
      • BOARD INSULATION IS WIDELY USED IN VARIOUS APPLICATIONS FOR THERMAL AND ACOUSTIC INSULATION
    • OTHERS
  • INDUSTRIAL INSULATION MARKET, BY END-USE INDUSTRY
    • INTRODUCTION
      • Table INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
    • POWER
      • RAPID URBANIZATION AND INDUSTRIALIZATION ARE INCREASING THE DEMAND FOR ELECTRICITY
        • Table INDUSTRIAL INSULATION MARKET SIZE IN POWER END-USE INDUSTRY, BY REGION, 2017-2024 (USD MILLION)
    • CHEMICAL & PETROCHEMICAL
      • INCREASE IN DEMAND FOR PETROCHEMICALS IN VARIOUS INDUSTRIES IS DRIVING THE CONSUMPTION OF INDUSTRIAL INSULATION
        • Table INDUSTRIAL INSULATION MARKET SIZE IN CHEMICAL & PETROCHEMICAL END-USE INDUSTRY, BY REGION, 2017-2024 (USD MILLION)
    • OIL & GAS
      • INCREASE IN DEMAND FOR ENERGY IN EMERGING ECONOMIES IS DRIVING THE INDUSTRIAL INSULATION MARKET IN THE OIL & GAS SECTOR
        • Table INDUSTRIAL INSULATION MARKET SIZE IN OIL & GAS END-USE INDUSTRY, BY REGION, 2017-2024 (USD MILLION)
    • CEMENT
      • CONSTRUCTION ACTIVITIES IN EMERGING ECONOMIES ARE BOOSTING THE MARKET FOR INDUSTRIAL INSULATION IN THE CEMENT INDUSTRY
        • Table INDUSTRIAL INSULATION MARKET SIZE IN CEMENT END-USE INDUSTRY, BY REGION, 2017-2024 (USD MILLION)
    • FOOD & BEVERAGE
      • NECESSITY FOR EFFICIENT OPERATIONS IN THE FOOD & BEVERAGE INDUSTRY IS EXPECTED TO PROPEL THE DEMAND FOR INDUSTRIAL INSULATION
        • Table INDUSTRIAL INSULATION MARKET SIZE IN FOOD & BEVERAGE END-USE INDUSTRY, BY REGION, 2017-2024 (USD MILLION)
    • OTHERS
      • Table INDUSTRIAL INSULATION MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2017-2024 (USD MILLION)
    • TOP INDUSTRY VS TOP COUNTRY MAPPING
      • Table INDUSTRIAL INSULATION MARKET SIZE IN POWER VS COUNTRY, 2017-2024 (USD MILLION)
      • Table INDUSTRIAL INSULATION MARKET SIZE IN CHEMICAL & PETROCHEMICAL VS COUNTRY, 2017-2024 (USD MILLION)
      • Table INDUSTRIAL INSULATION MARKET SIZE IN CEMENT VS COUNTRY, 2017-2024 (USD THOUSAND)
  • INDUSTRIAL INSULATION MARKET, BY REGION
    • INTRODUCTION
      • Table INDUSTRIAL INSULATION MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • Table NORTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2017-2024 (USD MILLION)
      • Table NORTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • US
        • Table US: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • CANADA
        • Table CANADA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • MEXICO
        • Table MEXICO: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
    • EUROPE
      • Table EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • Table EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2017-2024 (USD MILLION)
      • Table EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • GERMANY
        • Table GERMANY: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • FRANCE
        • Table FRANCE: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD THOUSAND)
      • UK
        • Table UK: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD THOUSAND)
      • SPAIN
        • Table SPAIN: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD THOUSAND)
      • ITALY
        • Table ITALY: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD THOUSAND)
      • RUSSIA
        • Table RUSSIA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD THOUSAND)
      • POLAND
        • Table POLAND: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD THOUSAND)
      • REST OF EUROPE
        • Table REST OF EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
    • APAC
      • Table APAC: INDUSTRIAL INSULATION MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • Table APAC: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2017-2024 (USD MILLION)
      • Table APAC: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • CHINA
        • Table CHINA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • INDIA
        • Table INDIA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • JAPAN
        • Table JAPAN: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD THOUSAND)
      • SOUTH KOREA
        • Table SOUTH KOREA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD THOUSAND)
      • AUSTRALIA
        • Table AUSTRALIA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • INDONESIA
        • Table INDONESIA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD THOUSAND)
      • VIETNAM
        • Table VIETNAM: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD THOUSAND)
      • REST OF APAC
        • Table REST OF APAC: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • Table MIDDLE EAST & AFRICA: INDUSTRIAL INSULATION MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2017-2024 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • SAUDI ARABIA
        • Table SAUDI ARABIA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD THOUSAND)
      • IRAN
        • Table IRAN: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD THOUSAND)
      • SOUTH AFRICA
        • Table SOUTH AFRICA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD THOUSAND)
      • EGYPT
        • Table EGYPT: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD THOUSAND)
      • REST OF MIDDLE EAST AND AFRICA
        • Table REST OF MIDDLE EAST AND AFRICA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
    • SOUTH AMERICA
      • Table SOUTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • Table SOUTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2017-2024 (USD MILLION)
      • Table SOUTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • BRAZIL
        • Table BRAZIL: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • ARGENTINA
        • Table ARGENTINA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD THOUSAND)
      • COLOMBIA
        • Table COLOMBIA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD THOUSAND)
      • REST OF SOUTH AMERICA
        • Table REST OF SOUTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD THOUSAND)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • COMPETITIVE LEADERSHIP MAPPING, 2018
      • VISIONARY LEADERS
      • INNOVATORS
      • DYNAMIC DIFFERENTIATORS
      • EMERGING COMPANIES
    • COMPETITIVE BENCHMARKING
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
    • MARKET RANKING OF KEY PLAYERS, 2018
    • COMPETITIVE SITUATION & TRENDS
      • INVESTMENT & EXPANSION
        • Table INVESTMENT & EXPANSION (2015-2018)
      • MERGER & ACQUISITION
        • Table MERGER & ACQUISITION (2015-2018)
      • NEW PRODUCT LAUNCH
        • Table NEW PRODUCT LAUNCH (2015-2018)
      • AGREEMENT & COLLABORATION
        • Table AGREEMENT & COLLABORATION (2015-2018)
  • COMPANY PROFILES
    • OWENS CORNING
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • SAINT GOBAIN
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • KNAUF INSULATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • KINGSPAN GROUP PLC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • ROCKWOOL GROUP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • ARMACELL INTERNATIONAL S. A.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • CABOT CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • MNM VIEW
    • JOHNS MANVILLE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • INSULCON B. V.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • PROMAT (ETEX GROUP)
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • OTHERS
      • AEROFOAM USA LLC
      • ARABIAN FIBERGLASS INSULATION COMPANY LTD.
      • BEIJING NEW BUILDING MATERIAL (GROUP) COMPANY LTD.
      • BEIJING HOCREBOARD BUILDING MATERIALS COMPANY LIMITED
      • DYPLAST PRODUCTS
      • GLASSROCK INSULATION COMPANY S.A.E.
      • HUTCHINSON
      • L'ISOLANTE K-FLEX S.P.A.
      • NMC INTERNATIONAL SA
      • PGF INSULATION
      • TECRESA PROTECCION PASIVA, S.L.
      • TEMATI
      • UNIFRAX
      • UNION FOAM SPA
      • VISIONARY INDUSTRIAL INSULATION
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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