Industrial Insulation Market Overview

The global industrial insulation market size is expected to reach USD 12.10 billion by 2030, expanding at a compound annual growth rate (CAGR) of 5.0%, according to a new report by Grand View Research, Inc. The increasing demand for adequate thermal insulation for industrial equipment for energy-efficient operations, and economical design, is expected to drive the market during the forecast period.

The raw materials used for the production of various industrial insulation products are available in abundance, which benefits the industry. However, some of the feedstock used for insulation production is derived from petrochemicals, so fluctuations in the price of crude oil result in changes in the procurement cost of the feedstock, limiting the bargaining power of insulation manufacturers.

Gather more insights about the market drivers, restrains and growth of the Industrial Insulation Market

The industry is under high scrutiny from government environmental agencies, including EPA, REACH, and NGT. These agencies have imposed stringent regulations on the production, storage, and transportation of insulation materials. Government support to develop sustainable manufacturing practices is expected to hamper the market growth.

Major players, such as Rockwool Technical Insulation, Paroc Group, and Knauf Gips KG, hold most market share due to their vast product portfolio and wider geographical reach. These companies develop a powerful business model to adapt to the market volatility and any technological & geographical change.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

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Industrial Insulation Market Segmentation

Grand View Research has segmented the global industrial insulation market based on material, product, application and region:

Industrial Insulation Material Outlook (Volume, Kilotons; Revenue, USD Billion; 2018 - 2030)

• Stone Wool
• Elastomeric Foam
• Micro Silica
• Glass Wool
• Composites
• CMS Fibers
• Calcium Silicate
• Cellular Glass
• Foamed Plastic
• Perlite
• Aerogel
• Cellulose
• Others

Industrial Insulation Product Outlook (Volume, Kilotons; Revenue, USD Billion; 2018 - 2030)

• Pipe
• Board
• Blanket
• Others

Industrial Insulation Application Type Outlook (Volume, Kilotons; Revenue, USD Billion; 2018 - 2030)

• Power Generation
• Petrochemical & Refineries
• EIP Industries
• LNG/LPG
• Others

Industrial Insulation Regional Outlook (Volume, Kilotons; Revenue; USD Billion; 2018 - 2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Poland
  • Spain
  • Italy
  • Benelux
  • Nordic
  • CIS
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Vietnam
• Central & South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • GCC
  • Turkey

Key Companies profiled:

• Rockwool Insulation A/S
• Poroc Group Oy
• Knauf Insulation
• TechnoNICOL Corporation
• Anco Products, Inc.
• Aspen Aerogels, Inc.
• Cabot Corporation
• Morgan Advanced Materials plc
• Unifrax LLC
• RATH Group
• IBIDEN Co., Ltd.
• Armacell International

Order a free sample PDF of the Industrial Insulation Market Intelligence Study, published by Grand View Research.