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

Research and Markets
·6-min read
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Global Market for Industrial Thermal Insulation

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

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900


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