Asia-Pacific Industrial Insulation Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Raw Material (Wool, Foams, Fibres, and Others), Product (Pipe, Board, Blanket, and Others), and End User (Power Generation, Chemical and Petrochemical,

Asia-Pacific Industrial Insulation Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Raw Material (Wool, Foams, Fibres, and Others), Product (Pipe, Board, Blanket, and Others), and End User (Power Generation, Chemical and Petrochemical, Cement, Food and Beverage, and Others)

The APAC industrial insulation market is expected to grow from US$ 4,139.45 million in 2022 to US$ 5,557.44 million by 2028. It is estimated to grow at a CAGR of 5.0% from 2022 to 2028.

Development of New Products with Latest Technology

Prominent manufacturers in the industrial insulation market are developing and offering new insulation products with latest technology. Additionally, players are focusing on expanding manufacturing capacity. In July 2021, Rockwool manufacturing announced the commercial production of stone wool insulation products. The company would manufacturer ROCKWOOL’s residential, commercial, and industrial stone wool insulation. It has also expanded its manufacturing capacity. Further in March 2021, Cabot Corporation launched its ENERMAXTM 6 carbon nanotube new series. These nanotubes are the company’s latest addition to its portfolio of high-performance CNTs. It has a high aspect ratio, becoming the most conductive multi-walled product. Further, in August 2020, Owens Corning announced that it has launched its new product line, FOAMULAR NGX (next generation extruded). The new product line of extruded polystyrene (XPS) foam products would help in reducing global warming by 90% without sacrificing the product performance. All these new developments would drive the industrial insulation market growth during the forecast period.

Market Overview

The APAC industrial insulation market is segmented into Australia, China, India, Japan, South Korea, and rest of APAC. The regional market is mainly driven by increasing demand for industrial insulation products from various end-use industries, including power generation, chemical & petrochemical, and food & beverage. In addition, the growing industrial activities, increasing infrastructural spending, and strong economic growth positively influence the market growth in the region. In APAC, the demand for energy is rising due to the rapid urbanization and industrialization. The demand for power is growing in China and India. According to the recently released report by the International Energy Agency, the demand for electricity in APAC grew by 8% in 2021, from a low of 2% in 2020. This growth in demand for electricity is led mainly by China and India, both registering a significant increase of 10% each. Excluding Japan, most countries in APAC are expected to witness continued electricity demand growth up till 2024. All these factors are expected to fuel the demand for industrial insulation products in the region in the coming years. In the petrochemical plants, temperature consistency and personnel protection are essential. Various high-temperature insulation products can meet the requirements of these environments. In recent years, along with the Asia’s strong economic growth, the petrochemical demand has grown considerably in the region. There is a rising crude oil refining capacity in Asia, aimed at addressing the increasing demand for consumer goods and fuels. According to the SDG Knowledge Hub, the chemical industry in APAC represents more than 45% of global chemical manufacturing and over 69% of global jobs in the industry.

APAC Industrial Insulation Market Revenue and Forecast to 2028 (US$ Million)

APAC Industrial Insulation Market Segmentation

The APAC industrial insulation market is segmented based on raw material, product, end user, and country.

Based on raw material, the APAC industrial insulation market is segmented into wool, foams, fibres, and others. The foams segment held the largest market share in 2022.

Based on product, the APAC industrial insulation market is segmented into pipe, board, blanket, and others. The pipe segment held the largest market share in 2022.

Based on end user, the APAC industrial insulation market is segmented into power generation, chemical and petrochemical, cement, food and beverage, and others. The power generation segment held the largest market share in 2022.

Based on country, the APAC industrial insulation market has been categorized into China, India, Japan, South Korea, Australia, and the Rest of APAC. Our regional analysis states that China dominated the market share in 2022.

Aspen Aerogels Inc., Cabot Corporation, Johns Manville, Kingspan Group, Knauf Insulation, Nichias Corporation, ROCKWOOL A/S, and Saint Gobain S.A. are the leading companies operating in the APAC industrial insulation market.

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1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Industrial Insulation Market, by Raw Material
1.3.2 APAC Industrial Insulation Market, by Product
1.3.3 APAC Industrial Insulation Market, by End User
1.3.4 APAC Industrial Insulation Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. APAC Industrial Insulation Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Expert Opinion
5. APAC Industrial Insulation Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand from Power Generation Sector
5.1.2 Strict Regulation Mandating the Use of Insulation Materials for Energy Conservation
5.2 Market Restraints
5.2.1 High Capital Cost and Lack of Skilled Labor for Installation
5.3 Market Opportunities
5.3.1 Increased Infrastructural Spending in Emerging Economies
5.4 Future Trends
5.4.1 Development of New Products with Latest Technology
5.5 Impact Analysis
6. Industrial Insulation Market – APAC Analysis
6.1 APAC Industrial Insulation Market Overview
7. APAC Industrial Insulation Market Analysis – By Raw Material
7.1 Overview
7.2 APAC Industrial Insulation Market, By Raw Material (2021 and 2028)
7.3 Wool
7.3.1 Overview
7.3.2 Wool: Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Foams
7.4.1 Overview
7.4.2 Foams: Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Fibres and Others
7.5.1 Overview
7.5.2 Fibres and Others: Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)
8. APAC Industrial Insulation Market Analysis – By Product
8.1 Overview
8.2 APAC Industrial Insulation Market, By Product (2021 and 2028)
8.3 Pipe
8.3.1 Overview
8.3.2 Pipe: Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Board
8.4.1 Overview
8.4.2 Board: Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Blanket
8.5.1 Overview
8.5.2 Blanket: Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)
9. APAC Industrial Insulation Market Analysis – By End User
9.1 Overview
9.2 APAC Industrial Insulation Market, By End User (2021 and 2028)
9.3 Power Generation
9.3.1 Overview
9.3.2 Power Generation: Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Chemical and Petrochemical
9.4.1 Overview
9.4.2 Chemical and Petrochemical: Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Cement
9.5.1 Overview
9.5.2 Cement: Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Food and Beverage
9.6.1 Overview
9.6.2 Food and Beverage: Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)
10. APAC Industrial Insulation Market – Country Analysis
10.1 Overview
10.1.1 APAC: Industrial Insulation Market, by Key Country
10.1.1.1 Australia: Industrial Insulation Market –Analysis and Forecast to 2028 (US$ Million)
10.1.1.1.1 Australia: Industrial Insulation Market, by Raw Material
10.1.1.1.2 Australia: Industrial Insulation Market, by Product
10.1.1.1.3 Australia: Industrial Insulation Market, by End-User
10.1.1.2 China: Industrial Insulation Market –Analysis and Forecast to 2028 (US$ Million)
10.1.1.2.1 China: Industrial Insulation Market, by Raw Material
10.1.1.2.2 China: Industrial Insulation Market, by Product
10.1.1.2.3 China: Industrial Insulation Market, by End-User
10.1.1.3 India: Industrial Insulation Market –Analysis and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: Industrial Insulation Market, by Raw Material
10.1.1.3.2 India: Industrial Insulation Market, by Product
10.1.1.3.3 India: Industrial Insulation Market, by End-User
10.1.1.4 Japan: Industrial Insulation Market –Analysis and Forecast to 2028 (US$ Million)
10.1.1.4.1 Japan: Industrial Insulation Market, by Raw Material
10.1.1.4.2 Japan: Industrial Insulation Market, by Product
10.1.1.4.3 Japan: Industrial Insulation Market, by End-User
10.1.1.5 South Korea: Industrial Insulation Market –Analysis and Forecast to 2028 (US$ Million)
10.1.1.5.1 South Korea: Industrial Insulation Market, by Raw Material
10.1.1.5.2 South Korea: Industrial Insulation Market, by Product
10.1.1.5.3 South Korea: Industrial Insulation Market, by End-User
10.1.1.6 Rest of APAC: Industrial Insulation Market –Analysis and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of APAC: Industrial Insulation Market, by Raw Material
10.1.1.6.2 Rest of APAC: Industrial Insulation Market, by Product
10.1.1.6.3 Rest of APAC: Industrial Insulation Market, by End-User
11. Industry Landscape
11.1 Overview
11.2 Strategy and Business Planning
11.3 New Product Development
11.4 Expansion
11.5 Mergers and Acquisitions
12. COMPANY PROFILES
12.1 Saint Gobain S.A.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Knauf Insulation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Kingspan Group
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Cabot Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Johns Manville
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Nichias Corporation
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Aspen Aerogels Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 ROCKWOOL A/S
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. APAC Industrial Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia Industrial Insulation Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia Industrial Insulation Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia Industrial Insulation Market, by End-User– Revenue and Forecast to 2028 (US$ Million)
Table 5. China Industrial Insulation Market, by Raw Material– Revenue and Forecast to 2028 (US$ Million)
Table 6. China Industrial Insulation Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 7. China Industrial Insulation Market, by End-User– Revenue and Forecast to 2028 (US$ Million)
Table 8. India Industrial Insulation Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 9. India Industrial Insulation Market, by End-User– Revenue and Forecast to 2028 (US$ Million)
Table 10. Japan Industrial Insulation Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)
Table 11. Japan Industrial Insulation Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 12. Japan Industrial Insulation Market, by End-User– Revenue and Forecast to 2028 (US$ Million)
Table 13. South Korea Industrial Insulation Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)
Table 14. South Korea Industrial Insulation Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea Industrial Insulation Market, by End-User– Revenue and Forecast to 2028 (US$ Million)
Table 16. Rest of APAC Industrial Insulation Market, by Raw Material– Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of APAC Industrial Insulation Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of APAC Industrial Insulation Market, by End-User– Revenue and Forecast to 2028 (US$ Million)
Table 19. Glossary of Terms
  
LIST OF FIGURES
Figure 1. APAC Industrial Insulation Market Segmentation
Figure 2. APAC Industrial Insulation Market Segmentation – By Country
Figure 3. APAC Industrial Insulation Market Overview
Figure 4. APAC Industrial Insulation Market, By Raw Material
Figure 5. APAC Industrial Insulation Market, by Country
Figure 6. APAC: PEST Analysis
Figure 7. Expert Opinion
Figure 8. APAC Industrial Insulation Market Impact Analysis of Drivers and Restraints
Figure 9. APAC Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. APAC Industrial Insulation Market Revenue Share, By Raw Material (2021 and 2028)
Figure 11. APAC Wool: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 12. APAC Foams: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. APAC Fibers and Others: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. APAC Industrial Insulation Market Revenue Share, By Product (2021 and 2028)
Figure 15. APAC Pipe: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. APAC Board: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. APAC Blanket: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. APAC Others: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. APAC Industrial Insulation Market Revenue Share, By End User (2021 and 2028)
Figure 20. APAC Power Generation: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. APAC Chemical and Petrochemical: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. APAC Cement: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. APAC Food and Beverage: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. APAC Others: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. APAC: Industrial Insulations Market, by Key Country – Revenue (2021) (US$ ‘Million)
Figure 26. APAC: Industrial Insulation Market Revenue Share, by Key Country (2021 and 2028)
Figure 27. Australia: Industrial Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. China: Industrial Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. India: Industrial Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. Japan: Industrial Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. South Korea: Industrial Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32.   Rest of APAC: Industrial Insulation Market –Revenue and Forecast to 2028 (US$ Million)

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