The global industrial insulation market size is expected to reach USD 10.79 billion by 2027, expanding at a CAGR of 5.1% over the forecast period, according to a new report published by Radiant Insights, Inc. Benefits of insulation systems, such as equipment protection and increased system efficiency are anticipated to drive the demand.
Insulation protects industrial appliances from fire hazards, prevents the condensation of moisture on the equipment, and protects the equipment at extremely low or high temperatures leading to reduced accidental risks. In addition, it also helps in lowering the manufacturing and energy cost leading to an increased adoption of industrial insulation.
Fluctuations in the crude oil prices are anticipated to result in uncertainty in the prices of the raw materials derived from petrochemicals, which increases the bargaining power of the suppliers. The volatile raw material prices are anticipated to restrict the market growth in the forthcoming years.
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The market exhibits a degree of integration, where raw material suppliers such as Knauf Insulation and Armacell LLC are trying to integrate for manufacturing insulation materials. In addition, market players such as Rockwool Technical insulation, Paroc Group, and Knauf Gips KG have created a wide range of product portfolio to gain higher market share.
Further key findings from the report suggest:
• Stone wool accounted for the highest market share of 22.8% in 2019 as it is increasingly used in maintaining energy efficiency and provides fire protection with good acoustics
• The pipe insulation product segment accounted for USD 3.34 Billion in 2019 and is estimated to expand at a CAGR of 5.7% from 2020 to 2027 on account of its growing use for applications such as heat conservation, fireproofing, and soundproofing
• Power generation application segment is projected to expand at a CAGR of 5.5% from 2020 to 2027 owing to the increasing demand for insulation materials in the thermal power generation industry to minimize the energy losses
• Asia Pacific is expected to witness the highest growth over the forecast period and reach USD 3.02 billion in 2027 on account of the rising adoption of insulation materials in oil and gas and manufacturing industry
• Europe industrial insulation market accounted for USD 2.51 billion in 2019 and is estimated to expand at a CAGR of 4.7% from 2020 to 2027 owing to the presence of stringent regulatory norms pertaining to the use of industrial insulation materials
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Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope and Assumptions
1.3. List to Data Sources
Chapter 2. Executive Summary
2.1. Industrial insulation market: Market Snapshot
Chapter 3. Industrial Insulation Market Variables, Trends & Scope
3.1. Market segmentation and scope
3.2. Value chain analysis
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.1.1. Rising awareness regarding energy conservation and increasing energy costs
3.3.1.2. Energy costs and sustainability
3.3.2. Market restraint analysis
3.3.2.1. Volatile raw material prices
3.4. Industrial Insulation Market: Porter’s Five Forces Analysis
3.4.1.1. Supplier Power
3.4.1.2. Buyer Power
3.4.1.3. Substitution Threat
3.4.1.4. Threat from New Entrant
3.4.1.5. Competitive Rivalry
3.5. Industrial Insulation Market: PESTEL Analysis
3.5.1.1. Political Landscape
3.5.1.2. Environmental Landscape
3.5.1.3. Social Landscape
3.5.1.4. Technology Landscape
3.5.1.5. Economic Landscape
3.5.1.6. Legal Landscape
3.6. Industrial Insulation: Material Comparative Analysis
Chapter 4. Industrial Insulation Market: Material, By Material Estimates & Trend Analysis
4.1. Industrial Insulation Market: Material Movement Analysis, 2019 & 2027
4.2. Stone Wool
4.2.1. Market estimates and forecasts, by stone wool, 2016 - 2027 (Kilotons) (USD Million)
4.3. Glass Wool
4.3.1. Market estimates and forecasts, by glass wool, 2016 - 2027 (Kilotons) (USD Million)
4.4. CMS Fibers
4.4.1. Market estimates and forecasts, by CMS fibers, 2016 - 2027 (Kilotons) (USD Million)
4.5. Calcium Silicate
4.5.1. Market estimates and forecasts, by calcium silicate, 2016 - 2027 (Kilotons) (USD Million)
Continued…
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About Radiant Insights
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The global Industrial Insulation Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2021-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the industrial insulation market include Owens Corning, Samhwa Chemicals Co., Ltd., Thomas Insulation Corp., Temat and STI CO. LTD. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Industrial Insulation Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/industrial-insulation-market/download-sampleMarket DynamicsThe expanding manufacturing sector owing to increasing public and private investment in various industries is driving the market growth.
Additionally, the advent of regulations for minimizing energy consumption and maximizing energy efficiency in industrial processes is further fuelling market growth.
Whereas, growing industrialization in emerging economies is expected to create potential opportunity during the forecast period.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities.
Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the global Industrial Insulation market during the historical period of 2014 – 2018.
The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2019, and key prospects over the forecast period 2019 – 2029.The global industrial insulation market is expected to grow at a steady pace of over 5% CAGR during the forecast period.
Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections of the Industrial Insulation market, both at global and regional levels.
The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Industrial Insulation market.After reading the Industrial Insulation market report, readers get insight into:Major drivers and restraining factors, opportunities and challenges, and the competitive landscapeNew, promising avenues in key regionsNew revenue streams for all players in emerging marketsFocus and changing role of various regulatory agencies in bolstering new opportunities in various regionsDemand and uptake patterns in key industries of the Industrial Insulation marketNew research and development projects in new technologies in key regional marketsChanging revenue share and size of key product segments during the forecast periodTechnologies and business models with disruptive potentialRequest for Sample Report with Statistical Info @ https://www.factmr.com/connectus/sample?flag=S_id=4675The Industrial Insulation market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period.
Key regions covered comprise:North America (U.S., Canada)Latin America (Brazil, Mexico, Argentina, Rest of Latin America)Europe (Germany, Italy, France, U.K., Spain, Benelux, Russia, Rest of Europe)East Asia (China, Japan, South Korea)JapanAPEJ (China, India, Indonesia, Thailand, Singapore, Australia & New Zealand, Rest of Asia Pacific)South Asia & Oceania (India, Thailand, Indonesia, Malaysia, Australia & New Zealand, Rest of South Asia & Oceania)Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of Middle East & Africa)The evaluation of the competitive landscape in the Industrial Insulation market covers the profile of the following top players:Rockwool Insulation A/S, Paroc Group Oy, Knauf Insulation, Cabot Corporation, Morgan Advanced Materials plc, Unifrax LLC, RATH Group, IBIDEN CO., LTD., Saint Gobain S.A. and others.To expand the understanding of opportunities in the global Industrial Insulation market report looks at close quarters into the opportunities and new avenues in following key segments:Power GenerationPetrochemical & RefineriesEIP IndustriesLNG/LPGOthersIn addition to understanding the demand patterns of various Application, the report on the Industrial Insulation market also enumerates trends expected to attract investments by other various associated industries.On the basis of Material types, the Industrial Insulation market report offers insight into major adoption trends for the following segments:Stone WoolGlass WoolCMS FibersCalcium SilicateCellular GlassFoamed PlasticElastomeric FoamPerliteAerogelCelluloseMicro SilicaOthersBy Product,PipeBoardBlanketOthersThe global Industrial Insulation market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period.
In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.For More Detailed Information about Methodology @ https://www.factmr.com/connectus/sample?flag=RM_id=4675Some important questions that the Industrial Insulation market report tries to answer exhaustively are:Key strategic moves by various players in the Industrial Insulation market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares.Which strategies will enable top players in the Industrial Insulation market to expand their geographic footprints?Which new business models are expected to change the course of growth of key regional markets in near future?Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants?Which products segments have in recent years have seen new, lucrative application areas?Blog: https://currentmarketnewsblog.wordpress.com/Media Release: https://www.factmr.com/media-release/1430/global-industrial-insulation-market
The global Hot Insulation Materials market study presents a careful compilation of the historical, current, and future outlook of the said market as well as the factors that are responsible for such development of the market.
In an effort to provide the users of this report with a comprehensive view of the global Industrial Insulation market, experts have made an inclusion of a detailed discussion on and analysis of the diverse product portfolio and competitive vendor landscape of each of the leading players spread across different territories of the world.
The report study also includes both PESTEL analysis and SWOT analysis of the industry.
The report also adds an analysis of market attractiveness, in which all of the market segments have been benchmarked based on general attractiveness, their rate of growth, and size of the market.Analysts at Fact.MR have highlighted the opportunities, threats, weaknesses, and strengths of each of the players in the global Industrial Insulation market.
In addition to that, the study makes an emphasis on the pattern of adoption of Industrial Insulation product / services across various industries.
The global industrial insulation market is expected to grow more than 1.6X during the forecast period (2019-2029).Request to View Sample of Research Report @ https://www.factmr.com/connectus/sample?flag=S_id=4675The Industrial Insulation market report highlights and analyses the following players:Rockwool Insulation A/SParoc Group OyKnauf InsulationCabot CorporationMorgan Advanced Materials plcUnifrax LLCThe Industrial Insulation market report conducts examination of the operating pattern of each of the market players – acquisitions, launch of new product launches, collaborations, and partnerships – has been investigated into detail.The ongoing global pandemic, COVID-19, has affected the global Industrial Insulation market adversely.
