The Worldwide Industrial Thermal Insulation Industry is Projected to Reach $3.5 Billion by 2030: Superior Thermal Performance Spurs Demand for Vacuum Insulation Panels

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Global Market for Industrial Thermal Insulation

Global Market for Industrial Thermal Insulation

Dublin, Feb. 01, 2023 (GLOBE NEWSWIRE) -- The "Industrial Thermal Insulation - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Industrial Thermal Insulation estimated at US$2.4 Billion in the year 2022, is projected to reach a revised size of US$3.5 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2022-2030.

Mineral Wool, one of the segments analyzed in the report, is projected to record a 4.9% CAGR and reach US$1.6 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Calcium Silicate segment is readjusted to a revised 3.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $666 Million, While China is Forecast to Grow at 7.6% CAGR

The Industrial Thermal Insulation market in the U.S. is estimated at US$666 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$736.6 Million by the year 2030 trailing a CAGR of 7.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.7% respectively over the 2022-2030 period.

Within Europe, Germany is forecast to grow at approximately 3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$466.3 Million by the year 2030.

Select Competitors (Total 124 Featured) -

• 3M Company

• Armacell International S.A.

• BASF Polyurethanes GmbH

• BNZ Materials, Inc.

• Cabot Corporation

• CECA

• Cellofoam North America, Inc.

• CertainTeed Corporation

• ContiTech AG

• DBW Advanced Fiber Technologies GmbH

• Evonik Industries AG

• Flumroc AG

• G+H Isolierung GmbH

• GAF

• Glava A/S

• Huntsman Corporation

• Industrial Insulation Group LLC

• Insulcon Group

• Isolatek International, Inc.

• Johns Manville

• Kingspan Group plc

• Knauf Insulation GmbH

• Knauf Insulation Ltd.

• L`ISOLANTE K-FLEX

• Meisei Industrial Co. Ltd.

• MERSEN SA

• Morgan Advanced Materials

• Morgan Advanced Materials Porextherm Dammstoffe GmbH

• Morgan Thermal Ceramics

• Owens Corning

• Pacor, Inc.

• Paroc Group Oy

• Pittsburgh Corning Corporation

• PPG Industries

• Promat International

• Rockwool International A/S

• Roxul, Inc.

• Sebald Isosysteme GmbH & Co KG

• Skamol A/S

• StyroChem International

• Superglass Insulation Ltd.

• Unifrax LLC

• URSA Insulation, S.A.

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

• Global competitiveness and key competitor percentage market shares

• Market presence across multiple geographies - Strong/Active/Niche/Trivial

• Online interactive peer-to-peer collaborative bespoke updates

• Access to digital archives and Research Platform

• Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights

• World Market Trajectories

• Thermal Insulation: An Apt Solution for Conserving Energy, Preserving Environment, and Reducing Energy Spend

• Growth Drivers in a Nutshell

• Recent Market Activity

• The Critical Nature of Industrial Insulation in Safeguarding System Performance:

• Insulating Hot Pipes for Enhanced Efficiency and Safety

• Maintain Desirable Temperature

• Handling Temperature-Sensitive Tanks

• Blankets for Equipment Insulation

• Prevent Noise Pollution

• Protecting Cooling Ducts from Radiant Heat

• Protecting Sensitive Electronics

• Safeguarding Metal Structures

• Global Market Outlook

• Resurgence in Growth Fundamentals Portends an Optimistic Market Outlook

• Industrial Thermal Insulation - Global Key Competitors Percentage Market Share in 2022 (E)

• Impact of Covid-19 and a Looming Global Recession

• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Fibrous Insulation Materials: The Largest Market Segment

• Cellular Insulation Materials Drive Market Growth

• Surging Demand for High Temperature Insulation Materials from Various Sectors Drive Healthy Market Growth

• The Energy Efficiency Attribute of HTI Drives Market Gains

• End-users Switch from Synthetic RCF to Bio-based Insulation Materials

• Temperature Resistant Properties of High-Temperature Insulation Wools Spur Demand

• Growing Demand for High Temperature Insulation in Oil and Gas Production

• Other Important Application Sectors for High Temperature Insulation

• Spiraling Energy Consumption and the Resulting Need to Safeguard Global Climate Drives Market Adoption

• Stringent Environmental Regulations Foster Growth Opportunities

• Growing Popularity of Advanced Insulation Materials Benefit Market Expansion

• Aerogels Usage in Industrial Thermal Insulation Hindered by High Production Costs

• Myriad Benefits of Mechanical Insulation Drive Widespread Adoption

• Mechanical Insulation: Challenges and Opportunities

• Efficiency in Addressing Thermal Issues, Filtration Challenges, and Noise Reduction Drive Demand in Automobiles Manufacturing

• Growing Passenger Cars and Commercial Vehicles Production: Important Opportunity Indicators

• Non-Wovens Rapidly Gaining Traction in Automotive Insulation Applications

• Spray-on Thermal Insulation Coatings SuiTable for Heavy Duty Vehicles

• Need to Prevent Condensation and Minimize Unwanted Heat Boosts Demand in Industrial Refrigeration

• Increasing Aircraft Deliveries and Prominence of Lightweight Insulation Materials Drive Demand in the Aerospace Sector

• Usage of Recycled Raw Materials Increasing

• Recycled Consumer Glass for Production of Glass Wool

• Growing Need to Preserve Food and Development of Cold Chains Drive Demand for Cold Insulation Materials

• Robust Power Generation Activity Fuels Demand for Thermal Insulation

• Rise in the Number of Nuclear Power Plants Signals Opportunities

• Thermal Insulation Coatings for Solar Power Plants

• Shale Gas Extraction and Transport Promises Bright Prospects for Thermal Insulation Materials

• Corrosion under Insulation (CUI): A Critical Problem with Thick Insulation

• Natural Insulation Products: A Market Niche in the Making

• Vacuum Thermal Insulation Gains Ground in Industrial Applications, Bodes Well for the Market

• Superior Thermal Performance Spurs Demand for Vacuum Insulation Panels (VIPs)

• VIPs for Enhanced Thermal Insulation

• Key Challenges

• Increasing Focus on Machine Condition Monitoring Fuels Replacement Demand for Insulation

• Developed Regions: Primary Revenue Contributors

• Developing Countries Continue to Offer Significant Growth Opportunities

• Thermal Insulation to Improve Energy Efficiency in Developing Countries

• New Bottles for Old Wines: Refurbishments Offer Strong Growth Prospects

• Bright Prospects for Foamed Plastics

• Rising Insulation Needs in Electrical Appliances Spurs Demand for Polyurethanes

• Fiber Glass: An IrrefuTable Necessity for LNG Conversion Plant Insulation

• Emergence of Eco-Friendly Alternatives

• Competition from Substitutes

• Risks Associated With Fiberglass Usage

• Microporous Insulation Fast Gaining Ground in Industrial Sectors

• THERMAL INSULATION INNOVATIONS & ADVANCEMENTS

• Phase Change Materials (PCMs): Smart Materials for Thermal Insulation Application

• CV Technology for Lowering Carbon Emissions

• Insulation Jackets with Sensors for Accurate Energy Savings Verification of Pipe Insulations

• Filler Materials for Enhancing Performance of Aluminum Silicate Heat Insulation

• Foamglas Insulation for Hot-Oil Systems for Preventing Insulation-Induced Fire Hazards

• Select Nex-Gen Thermal Insulation Materials

• Vacuum Insulation Materials (VIMs)

• Gas Insulation Materials (GIMs)

• Dynamic Insulation Materials (DIMs)

• Nano Insulation Materials (NIMs)

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/wd9k1c

Attachment

• Global Market for Industrial Thermal Insulation

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