The Worldwide Industrial Thermal Insulation Industry is Projected to Reach $3.5 Billion by 2030: Superior Thermal Performance Spurs Demand for Vacuum Insulation Panels
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) -
Armacell International S.A.
BASF Polyurethanes GmbH
BNZ Materials, Inc.
Cellofoam North America, Inc.
DBW Advanced Fiber Technologies GmbH
Evonik Industries AG
G+H Isolierung GmbH
Industrial Insulation Group LLC
Isolatek International, Inc.
Kingspan Group plc
Knauf Insulation GmbH
Knauf Insulation Ltd.
Meisei Industrial Co. Ltd.
Morgan Advanced Materials
Morgan Advanced Materials Porextherm Dammstoffe GmbH
Morgan Thermal Ceramics
Paroc Group Oy
Pittsburgh Corning Corporation
Rockwool International A/S
Sebald Isosysteme GmbH & Co KG
Superglass Insulation Ltd.
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:
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
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
For more information about this report visit https://www.researchandmarkets.com/r/wd9k1c
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