Global Industrial Insulation Market Size By Material (Mineral Wool, Plastic Foams), By Form (Pipe, Blanket, Board), By End-User (Power, Petrochemical and Refineries), By Geographic Scope And Forecast
Report ID: 12025|No. of Pages: 202
Global Industrial Insulation Market Size By Material (Mineral Wool, Plastic Foams), By Form (Pipe, Blanket, Board), By End-User (Power, Petrochemical and Refineries), By Geographic Scope And Forecast
Industrial Insulation Market Size And Forecast
Industrial Insulation Market size was valued at USD 2.79 Billion in 2024 and is projected to reach USD 3.95 Billion by 2031, growing at a CAGR of 4.90% from 2024 to 2031.
- Industrial insulation is defined as the materials used to limit heat transmission, enhance energy efficiency, and maintain safety in numerous industrial operations. Fiberglass, mineral wool, foam, and elastomeric insulation are common materials used to survive extreme temperatures and harsh environments. Its principal applications range from oil and gas to power production, petrochemicals, and industry. Industrial insulation is critical for insulating pipes, tanks, and equipment, as it contributes to energy saving, process temperature maintenance, and heat loss minimization, all of which improve operational efficiency and save costs.
- Industrial insulation is promising, due to rising energy costs, severe environmental requirements, and a growing emphasis on sustainability. Insulation material innovations, such as advanced composites and aerogels, are projected to improve thermal performance while reducing weight.
- The growing use of industrial automation and smart technologies will increase demand for insulating solutions that promote efficiency and reduce maintenance costs. As companies migrate to more environmentally friendly methods, industrial insulation will play an increasingly important role in energy management and emissions reduction, making it a crucial area for investment and growth in the coming years.
Global Industrial Insulation Market Dynamics
The key market dynamics that are shaping the global industrial insulation market include:
Key Market Drivers:
- Stringent Energy Efficiency Regulations: Stringent energy efficiency standards are driving the industrial insulation market. The International Energy Agency (IEA) reported that industrial energy consumption accounted for 29% of global final energy consumption in 2022. The US Department of Energy notes that adequate insulation can lower industrial energy expenses by 3-5% on average, with older facilities possibly saving up to 12%. The European Union’s Energy Efficiency Directive targets a 32.5% increase in energy efficiency by 2030, which is estimated to boost demand for industrial insulation by 40% over the following five years.
- Rising Focus on Worker Safety and Occupational Health: The growing emphasis on worker safety and occupational health is propelling expansion in the industrial insulation market. According to the United States Occupational Safety and Health Administration (OSHA), heat-related illnesses affect thousands of workers each year, with 43 fatalities resulting from heat exposure in 2019. The National Safety Council reports that proper insulation has the potential to minimize workplace accidents by 15-20%. The global market for industrial safety, which includes thermal insulation, is expected to grow from USD 7.2 Billion in 2022 to USD 11.5 Billion by 2026, according to the International Labour Organization.
- Expansion of LNG Infrastructure: The growth of liquefied natural gas (LNG) infrastructure is driving up the demand for cryogenic insulation. The International Gas Union announced that global LNG trade reached 380 million tonnes in 2022, up 6% from the previous year. The United States Energy Information Administration predicts an 84% increase in LNG export capacity by 2026, needing substantial cryogenic insulating infrastructure. Furthermore, global investments in LNG infrastructure surpassed $50 billion in 2022, with a 45% increase expected by 2025, emphasizing the vital need for specialist industrial insulation materials.
Key Challenges:
- Fluctuating Raw Material Prices: The industrial insulation market is extremely subject to raw material price variations, especially for products such as fiberglass and mineral wool. Inconsistent prices can have an impact on manufacturers’ production costs and profit margins, making it difficult for them to maintain competitive prices. Furthermore, unexpected rises in raw material costs might discourage new investments and limit market growth, as businesses may be hesitant to commit to projects that need major insulating investments.
- Lack of Skilled Workforce: The industrial insulation market is experiencing a skilled labor scarcity, which can impede project execution and quality control. As experienced personnel retire, there is a shortage of competent specialists who can install and maintain insulation systems efficiently. This difficulty can cause project delays, higher labor expenses, and reduced safety standards. The lack of training programs exacerbates the problem, making it difficult for firms to recruit skilled employees.
- Environmental Concerns: Growing concerns about environmental sustainability are altering the industrial insulation market. Companies are under pressure to create eco-friendly insulation materials that reduce environmental effects, including emissions during production. This transition necessitates investment in R&D, which can strain budgets. Firms that do not prioritize sustainability risk losing clients who want to work with ecologically responsible suppliers, which could damage market share.
Key Trends:
- Sustainable Insulation Materials: The increased demand for environmentally friendly insulating materials is reshaping the industrial insulation market. To reduce their environmental impact, manufacturers are increasingly turning to sustainable materials like recycled content and bio-based alternatives. This tendency is driven by increased awareness of climate change and the necessity to comply with severe environmental standards. As organizations seek to improve their environmental profiles, the need for innovative, green insulation solutions grows.
- Increased Energy Efficiency Regulations: Stringent energy efficiency regulations in many countries are pushing up demand for industrial insulation. To reduce energy usage and emissions, governments are introducing rules requiring higher insulation in industrial operations. This tendency requires businesses to invest in improved insulation solutions, which ensure compliance while increasing operational efficiency. The necessity to achieve these regulatory criteria is driving the demand for high-quality industrial insulating materials.
- Smart Insulation Solutions: The introduction of smart insulation technologies that incorporate sensors and monitoring systems is transforming the industrial insulation market. These developments enable real-time monitoring of temperature, humidity, and insulation performance, allowing businesses to optimize energy consumption and maintenance. The growing use of automation and IoT in industrial settings is driving the trend toward smart technologies, which will lead to greater efficiency and decision-making.
What's inside a VMR
industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=12025
Global Industrial Insulation Market Regional Analysis
Here is a more detailed regional analysis of the global industrial insulation market:
North America:
- North America continues to lead the global industrial insulation market, according to the U.S. Energy Information Administration, accounting for 38% of the market in 2022 and worth USD 3.8 Billion. The region’s robust industrial infrastructure is a key driver of economic growth, with the US Federal Reserve forecasting an increase in industrial capacity utilization to 78.3% by 2022. This has resulted in a 34% increase in insulation spending among industrial facilities between 2020 and 2022, showing the growing demand for effective insulation solutions.
- Regulations governing energy efficiency and sector-specific demands help to drive market growth. With 32 states implementing obligatory energy efficiency regulations by 2022, industries are required to employ insulation solutions to achieve stringent targets, which are expected to fuel a 45% growth in insulation usage by 2025. The oil and gas sector has a substantial impact on insulation demand, with crude oil output expected to reach 12.9 million barrels per day in 2022, resulting in a 28% rise in insulation requirements for pipelines and processing facilities. The power production industry also plays an important role, with infrastructure upgrades expected to produce a 42% rise in insulating materials by 2025, emphasizing the need for insulation to preserve operational efficiency and safety.
Asia Pacific:
- The Asia-Pacific industrial insulation market is expanding rapidly, owing to rising industrialization and a growing emphasis on energy efficiency. According to the Asian Development Bank (ADB), the industrial sector in developing Asia is predicted to expand at an average annual pace of 6.2% between 2020 and 2030, with China and India leading the way. According to the China National Bureau of Statistics, industrial production increased by 3.6% year on year in 2023, whereas India’s Ministry of Statistics recorded a 5.8% increase in the Index of Industrial Production for fiscal year 2023-24. This pattern indicates a robust industrial growth trajectory in the region.
- Government measures to promote energy efficiency are increasing the demand for industrial insulating solutions. China’s 14th Five-Year Plan seeks to lower energy intensity by 13.5% by 2025, encouraging the industry to use more efficient insulating solutions. This expansion is fueled by the rising manufacturing sector, which, according to the United Nations Industrial Development Organization (UNIDO), will increase manufacturing value added in East Asia and the Pacific by 5.8% in 2023, outpacing the global average. The mix of industrial expansion, energy efficiency standards, and a strong manufacturing sector emphasizes the Asia-Pacific industrial insulation market’s bright future.
Global Industrial Insulation Market: Segmentation Analysis
The Global Industrial Insulation Market is Segmented on the basis of Material, Form, End-User, And Geography.
Industrial Insulation Market, By Material
- Mineral Wool
- Calcium Silicate
- Plastic Foams
Based on Material, the market is bifurcated into Mineral Wool, Calcium Silicate, and Plastic Foams. Mineral wool is currently the market leader due to its superior thermal and acoustic insulation capabilities, as well as its fire resistance, making it widely employed in industries such as oil and gas, power production, and construction. In 2022, it held a significant market share. Plastic foams are the fastest growing segment, thanks to their lightweight design, adaptability, and great insulation performance. The growing demand for energy-efficient solutions in industries such as HVAC and refrigeration is driving the expansion of plastic foams.
Industrial Insulation Market, By Form
- Pipe
- Blanket
- Board
Based on Form, the market is segmented into Pipe, Blanket, and Board. Pipe insulation is currently the leading category due to its critical function in reducing heat loss, preventing condensation, and assuring energy efficiency in a variety of applications, particularly in the oil and gas, chemical, and power generation industries. The blanket insulation segment is the fastest-growing, thanks to its lightweight, flexible nature, which allows for easy application on irregular surfaces and complex shapes. As companies increasingly seek effective and diverse insulation solutions, blanket insulation’s popularity is projected to rise rapidly.
Industrial Insulation Market, By End-User
- Power
- Petrochemical and Refineries
- EIP Industries
- LNG/LPG Transportation and Storage
Based on End-User, the market is segmented into Power, Petrochemical and Refineries, EIP Industries, and LNG/LPG Transportation and Storage. The petrochemical and refineries market is currently the most dominant, driven by the strong need for thermal insulation in refining processes and chemical manufacturing, which require robust insulating solutions to reduce energy loss and improve operational efficiency. The LNG/LPG transportation and storage category is the fastest expanding, thanks to the rapid expansion of liquefied natural gas infrastructure and increased investment in LNG terminals and transportation systems. This expansion is being driven by the global shift toward greener energy sources, which necessitates better insulating materials to sustain the low temperatures required for safe LNG storage and transit.
Industrial Insulation Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
On the basis of Geography, the Global Industrial Insulation Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. North America currently dominates the worldwide industrial insulation market, owing to its well-established industrial base and strong energy laws. The Asia-Pacific area is experiencing the highest growth, owing to rapid industrialization, more manufacturing facilities, and a growing emphasis on energy efficiency.
Key Players
The “Global Industrial Insulation Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Armacell International S. A., Cabot Corporation, Insulcon B. V., Johns Manville, Kingspan Group PLC, Knauf Insulation, Owens Corning, Promat (Etex Group), Rockwool Group and Saint Gobain. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Industrial Insulation Market Recent Developments
- In February 2024, Aerogel Core Ltd, a University of Bath spin-out company, launched ultra-light ‘aerogels’ which are soundproofing and heat-shielding insulating materials for the automobile and aerospace industries
- In October 2024, ALP Aeroflex (I) Pvt Ltd, a subsidiary of the Rs 2000 Cr ALP Group, introduced the ‘Aerocell train,’ a superior brand with fire rating approval, as well as thermal insulation for modern train and metro rail coaches.
Report Scope
| Report Attributes | Details |
|---|---|
| Study Period | 2021-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2021-2023 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Armacell International S. A., Cabot Corporation, Insulcon B. V., Johns Manville, Kingspan Group PLC, Knauf Insulation, Owens Corning, Promat (Etex Group), Rockwool Group and Saint Gobain. |
| Segments Covered | Material, Form, End-User, And Geography. |
| Customization Scope | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
In case of any Queries or Customization Requirements please connect our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1…. Introduction.. 11
1.1 market definition.. 11
1.2 market segmentation.. 12
1.3 RESEARCH TIMELINES.. 12
1.4 ASSUMPTIONS.. 13
1.5 limitations.. 14
2…. Research Methodology. 15
2.1 Data Mining.. 15
2.2 Secondary Research.. 15
2.3 Primary Research.. 15
2.4 Subject Matter Expert Advice.. 15
2.5 Quality Check.. 16
2.6 Final Review… 16
2.7 Data TRIANGULATION.. 16
2.8 BOTTOM-UP APPROACH.. 17
2.9 TOP DOWN APPROACH.. 17
2.10 RESEARCH FLOW… 18
2.11 DATA SOURCES. 18
3…. Executive Summary.. 19
3.1 MARKET OVERVIEW… 19
3.2 GLOBAL INDUSTRIAL INSULATION MARKET, By material (USD MILLION) 20
3.3 GLOBAL INDUSTRIAL INSULATION MARKET, By form (USD MILLION) 21
3.4 GLOBAL INDUSTRIAL INSULATION MARKET, By end-use industry (USD MILLION) 22
3.5 FUTURE Market Opportunities. 23
3.6 GLOBAL MARKET SPLIT. 24
4…. MARKET OUTLOOK.. 25
4.1 Global Industrial insulation Market OUTLOOK.. 25
4.2 Market Drivers.. 26
4.2.1 GROWING END USE INDUSTRIES OPERATING ON HIGH TEMPERATURES. 26
4.2.2 strict regulations mandating insulation materials usage for energy conservation.. 27
4.3 Market Restraints.. 28
4.3.1 HIGH INVESTMENT COST for industrial insulation.. 28
4.4 Market Opportunities.. 29
4.4.1 increasing awareness regarding the benefits of insulation in the industrial sector.. 29
4.5 market challenges.. 30
4.5.1 volatility in the prices of the key raw materials. 30
5…. MARKET, BY FORM.. 31
5.1 Overview… 31
5.2 Blanket.. 32
5.3 Pipe.. 32
5.4 board.. 33
5.5 Others.. 33
6…. MARKET, by MATERIAL. 34
6.1 Overview… 34
6.2 Calcium Silicate.. 35
6.3 Mineral Wool. 36
6.4 Plastic Foams.. 36
6.5 Fiberglass.. 37
6.6 Ceramics.. 37
6.7 Cellular Glass.. 38
6.8 Perlite.. 38
6.9 Elastomeric Foam.. 39
6.10 Others.. 39
7…. MARKET, by end use industry. 40
7.1 Overview… 40
7.2 Chemical & Petrochemical. 41
7.3 Power.. 41
7.4 Oil & Gas.. 42
7.5 Cement.. 42
7.6 Food & Beverages.. 42
7.7 Others.. 43
8…. MARKET, BY GEOGRAPHY.. 44
8.1 Overview… 44
8.2 NORTH AMERICA.. 46
8.3 europe.. 50
8.4 ASIA PACIFIC.. 53
8.5 ROW… 57
8.5.1 MIDDLE EAST AND AFRICA. 60
8.5.2 LATIN AMERICA. 62
8.5.2.1 Mexico. 63
8.5.2.2 Brazil 65
8.5.2.3 Chile. 68
8.5.2.4 Argentina. 70
8.5.2.5 Columbia. 72
8.5.2.6 Peru. 74
8.5.2.7 Rest of Latin America. 76
9…. competitive landscape. 78
9.1 overview… 78
9.2 Key Development Strategies.. 78
9.3 Company RANKING ANALYSIS.. 79
- 10. Company Profiles. 80
10.1 Owens Corning.. 80
10.1.1 Company overview.. 80
10.1.2 Company insights. 81
10.1.3 SEGMENT BREAKDOWN.. 81
10.1.4 Product Benchmarking.. 81
10.1.5 KEY DEVELOPMENT. 82
10.1.6 swot analysis. 82
10.2 Saint-Gobain S.A. 83
10.2.1 Company overview.. 83
10.2.2 Company insights. 83
10.2.3 SEGMENT BREAKDOWN.. 84
10.2.4 Product Benchmarking.. 84
10.2.5 swot analysis. 85
10.3 Knauf Insulation.. 86
10.3.1 Company overview.. 86
10.3.2 Company insights. 86
10.3.3 Product Benchmarking.. 86
10.3.4 KEY DEVELOPMENT. 87
10.3.5 swot analysis. 88
10.4 Johns Manville.. 89
10.4.1 Company overview.. 89
10.4.2 Company insights. 89
10.4.3 Product Benchmarking.. 90
10.4.4 KEY DEVELOPMENT. 91
10.5 Kingspan Group. 92
10.5.1 Company overview.. 92
10.5.2 Company insights. 92
10.5.3 SEGMENT BREAKDOWN.. 93
10.5.4 Product Benchmarking.. 93
10.5.5 KEY DEVELOPMENT. 93
10.6 PROMAT INC. (ETEX GROUP) 94
10.6.1 Company overview.. 94
10.6.2 Company insights. 94
10.6.3 SEGMENT BREAKDOWN.. 95
10.6.4 Product Benchmarking.. 95
10.7 rockwool. 96
10.7.1 Company overview.. 96
10.7.2 Company insights. 96
10.7.3 SEGMENT BREAKDOWN.. 97
10.7.4 Product Benchmarking.. 97
10.7.5 KEY DEVELOPMENT. 97
10.8 armacell international s.a. 98
10.8.1 Company overview.. 98
10.8.2 Company insights. 98
10.8.3 SEGMENT BREAKDOWN.. 99
10.8.4 COMPANY LANDSCAPE. 99
10.9 cabot corporation.. 101
10.9.1 Company overview.. 101
10.9.2 Company insights. 101
10.9.3 SEGMENT BREAKDOWN.. 102
10.10 INsulcon B.V. 103
10.10.1 Company overview.. 103
10.10.2 Company insights. 103
10.10.3 Product Benchmarking.. 103
LIST OF TABLES
TABLE 1 GLOBAL INDUSTRIAL INSULATION MARKET, BY FORM 2017 – 2026 (USD MILLION) 32
TABLE 2 GLOBAL INDUSTRIAL INSULATION MARKET, BY MATERIAL, 2017 – 2026 (USD MILLION) 35
TABLE 3 GLOBAL INDUSTRIAL INSULATION MARKET, BY END-USE INDUSTRY, 2017 – 2026 (USD MILLION) 41
TABLE 4 GLOBAL INDUSTRIAL INSULATION MARKET, BY GEOGRAPHY, 2017 – 2026 (USD MILLION) 45
TABLE 5 NORTH AMERICA INDUSTRIAL INSULATION MARKET, BY MATERIAL, 2017 – 2026 (USD MILLION) 48
TABLE 6 NORTH AMERICA INDUSTRIAL INSULATION MARKET, BY FORM, 2017 – 2026 (USD MILLION) 48
TABLE 7 NORTH AMERICA INDUSTRIAL INSULATION MARKET, BY END-USE INDUSTRY, 2017 – 2026 (USD MILLION) 49
TABLE 8 EUROPE INDUSTRIAL INSULATION MARKET, BY MATERIAL, 2017 – 2026 (USD MILLION) 51
TABLE 9 EUROPE INDUSTRIAL INSULATION MARKET, BY FORM, 2017 – 2026 (USD MILLION) 52
TABLE 10 EUROPE INDUSTRIAL INSULATION MARKET, BY END-USE INDUSTRY, 2017 – 2026 (USD MILLION) 52
TABLE 11 ASIA PACIFIC INDUSTRIAL INSULATION MARKET, BY MATERIAL, 2017 – 2026 (USD MILLION) 55
TABLE 12 ASIA PACIFIC INDUSTRIAL INSULATION MARKET, BY FORM, 2017 – 2026 (USD MILLION) 55
TABLE 13 ASIA PACIFIC INDUSTRIAL INSULATION MARKET, BY END-USE INDUSTRY, 2017 – 2026 (USD MILLION) 56
TABLE 14 ROW INDUSTRIAL INSULATION MARKET, BY REGION, 2017 – 2026 (USD MILLION) 58
TABLE 15 ROW INDUSTRIAL INSULATION MARKET, BY MATERIAL, 2017 – 2026 (USD MILLION) 58
TABLE 16 ROW INDUSTRIAL INSULATION MARKET, BY FORM, 2017 – 2026 (USD MILLION) 58
TABLE 17 ROW INDUSTRIAL INSULATION MARKET, BY END-USE INDUSTRY, 2017 – 2026 (USD MILLION) 59
TABLE 18 MIDDLE EAST AND AFRICA INDUSTRIAL INSULATION MARKET, BY MATERIAL, 2017 – 2026 (USD MILLION) 60
TABLE 19 MIDDLE EAST AND AFRICA INDUSTRIAL INSULATION MARKET, BY FORM, 2017 – 2026 (USD MILLION) 61
TABLE 20 MIDDLE EAST AND AFRICA INDUSTRIAL INSULATION MARKET, BY END-USE INDUSTRY, 2017 – 2026 (USD MILLION) 61
TABLE 21 LATIN AMERICA INDUSTRIAL INSULATION MARKET, BY COUNTRY, 2017 – 2026 (USD MILLION) 62
TABLE 22 LATIN AMERICA INDUSTRIAL INSULATION MARKET, BY MATERIAL, 2017 – 2026 (USD MILLION) 62
TABLE 23 LATIN AMERICA INDUSTRIAL INSULATION MARKET, BY FORM, 2017 – 2026 (USD MILLION) 63
TABLE 24 LATIN AMERICA INDUSTRIAL INSULATION MARKET, BY END-USE INDUSTRY, 2017 – 2026 (USD MILLION) 63
TABLE 25 MEXICO INDUSTRIAL INSULATION MARKET, BY MATERIAL, 2017 – 2026 (USD THOUSAND) 65
TABLE 26 MEXICO INDUSTRIAL INSULATION MARKET, BY FORM, 2017 – 2026 (USD THOUSAND) 66
TABLE 27 MEXICO INDUSTRIAL INSULATION MARKET, BY END-USE INDUSTRY, 2017 – 2026 (USD THOUSAND) 66
TABLE 28 BRAZIL INDUSTRIAL INSULATION MARKET, BY MATERIAL, 2017 – 2026 (USD THOUSAND) 67
TABLE 29 BRAZIL INDUSTRIAL INSULATION MARKET, BY FORM, 2017 – 2026 (USD THOUSAND) 68
TABLE 30 BRAZIL INDUSTRIAL INSULATION MARKET, BY END-USE INDUSTRY, 2017 – 2026 (USD THOUSAND) 68
TABLE 31 CHILE INDUSTRIAL INSULATION MARKET, BY MATERIAL, 2017 – 2026 (USD THOUSAND) 69
TABLE 32 CHILE INDUSTRIAL INSULATION MARKET, BY FORM, 2017 – 2026 (USD THOUSAND) 70
TABLE 33 CHILE INDUSTRIAL INSULATION MARKET, BY END-USE INDUSTRY, 2017 – 2026 (USD THOUSAND) 70
TABLE 34 ARGNETINA INDUSTRIAL INSULATION MARKET, BY MATERIAL, 2017 – 2026 (USD THOUSAND) 71
TABLE 35 ARGENTINA INDUSTRIAL INSULATION MARKET, BY FORM, 2017 – 2026 (USD THOUSAND) 72
TABLE 36 ARGENTINA INDUSTRIAL INSULATION MARKET, BY END-USE INDUSTRY, 2017 – 2026 (USD THOUSAND) 72
TABLE 37 COLUMBIA INDUSTRIAL INSULATION MARKET, BY MATERIAL, 2017 – 2026 (USD THOUSAND) 73
TABLE 38 COLUMBIA INDUSTRIAL INSULATION MARKET, BY FORM, 2017 – 2026 (USD THOUSAND) 74
TABLE 39 COLUMBIA INDUSTRIAL INSULATION MARKET, BY END-USE INDUSTRY, 2017 – 2026 (USD THOUSAND) 74
TABLE 40 PERU INDUSTRIAL INSULATION MARKET, BY MATERIAL, 2017 – 2026 (USD THOUSAND) 75
TABLE 41 PERU INDUSTRIAL INSULATION MARKET, BY FORM, 2017 – 2026 (USD THOUSAND) 76
TABLE 42 PERU INDUSTRIAL INSULATION MARKET, BY END-USE INDUSTRY, 2017 – 2026 (USD THOUSAND) 76
TABLE 43 REST OF LATIN AMERICA INDUSTRIAL INSULATION MARKET, BY MATERIAL, 2017 – 2026 (USD THOUSAND) 77
TABLE 44 REST OF LATIN AMERICA INDUSTRIAL INSULATION MARKET, BY FORM, 2017 – 2026 (USD THOUSAND) 77
TABLE 45 REST OF LATIN AMERICA INDUSTRIAL INSULATION MARKET, BY END-USE INDUSTRY, 2017 – 2026 (USD THOUSAND) 78
TABLE 46 OWENS CORNING: PRODUCT BENCHMARKING 82
TABLE 47 OWENS CORNING: KEY DEVELOPMENT 83
TABLE 48 SAINT-GOBAIN S.A.: PRODUCT BENCHMARKING 85
TABLE 49 KNAUF INSULATION: PRODUCT BENCHMARKING 87
TABLE 50 KNAUF INSULATION: KEY DEVELOPMENT 88
TABLE 51 JOHNS MANVILLE: PRODUCT BENCHMARKING 91
TABLE 52 JOHNS MANVILLE: KEY DEVELOPMENT 92
TABLE 53 KINGSPAN GROUP: PRODUCT BENCHMARKING 94
TABLE 54 KINGSPAN GROUP: KEY DEVELOPMENT 94
TABLE 55 PROMAT INC. (ETEX GROUP): PRODUCT BENCHMARKING 96
TABLE 56 ROCKWOOL: PRODUCT BENCHMARKING 98
TABLE 57 ROCKWOOL: KEY DEVELOPMENT 98
TABLE 58 ARMACELL INTERNATIONAL: COMPANY LANDSCAPE 100
TABLE 59 ARMACELL INTERNATIONAL: PRODUCT BENCHMARKING 101
TABLE 60 CABOT CORPORATION: PRODUCT BENCHMARKING 103
TABLE 61 INSULCON B.V.: PRODUCT BENCHMARKING 104
LIST OF FIGURES
FIGURE 1 GLOBAL INDUSTRIAL INSULATION MARKET SEGMENTATION 12
FIGURE 2 RESEARCH TIMELINES 12
FIGURE 3 DATA TRIANGULATION 16
FIGURE 4 MARKET RESEARCH FLOW 18
FIGURE 5 DATA SOURCES 18
FIGURE 6 GLOBAL INDUSTRIAL INSULATION MARKET OVERVIEW 19
FIGURE 7 GLOBAL INDUSTRIAL INSULATION MARKET, BY MATERIAL (USD MILLION) 20
FIGURE 8 GLOBAL INDUSTRIAL INSULATION MARKET, BY TYPE (USD MILLION) 21
FIGURE 9 GLOBAL INDUSTRIAL INSULATION MARKET, BY END-USE INDUSTRY (USD MILLION) 22
FIGURE 10 FUTURE MARKET OPPORTUNITIES 23
FIGURE 11 ASIA PACIFIC DOMINATED THE MARKET IN 2018 24
FIGURE 12 GLOBAL INDUSTRIAL INSULATION MARKET OUTLOOK 25
FIGURE 13 SHARE AND BREAKDOWN OF HEAT DEMAND IN INDUSTRY 26
FIGURE 14 CRUDE OIL BENCHMARK PRICES, 2015-2018 30
FIGURE 15 GLOBAL INDUSTRIAL INSULATION MARKET, BY FORM 31
FIGURE 16 GLOBAL INDUSTRIAL INSULATION MARKET, BY MATERIAL 34
FIGURE 17 GLOBAL INDUSTRIAL INSULATION MARKET, BY MATERIAL 40
FIGURE 18 GLOBAL INDUSTRIAL INSULATION MARKET, BY GEOGRAPHY, 2017 – 2026 (USD MILLION) 45
FIGURE 19 NORTH AMERICA MARKET SNAPSHOT 46
FIGURE 20 EUROPE MARKET SNAPSHOT 50
FIGURE 21 ASIA PACIFIC MARKET SNAPSHOT 53
FIGURE 22 ROW MARKET SNAPSHOT 57
FIGURE 23 KEY STRATEGIC DEVELOPMENTS 78
FIGURE 24 OWENS CORNING: COMPANY INSIGHTS 81
FIGURE 25 OWENS CORNING: SEGMENT BREAKDOWN 81
FIGURE 26 SWOT ANALYSIS: OWENS CORNING 82
FIGURE 27 SAINT-GOBAIN S.A.: COMPANY INSIGHTS 83
FIGURE 28 SAINT-GOBAIN S.A.: SEGMENT BREAKDOWN 84
FIGURE 29 SWOT ANALYSIS: SAINT-GOBAIN S.A. 85
FIGURE 30 KNAUF INSULATION: COMPANY INSIGHTS 86
FIGURE 31 SWOT ANALYSIS: KNAUF INSULATION 88
FIGURE 32 JOHNS MANVILLE: COMPANY INSIGHT 89
FIGURE 33 KINGSPAN GROUP: COMPANY INSIGHTS 92
FIGURE 34 KINGSPAN GROUP: SEGMENT BREAKDOWN 93
FIGURE 35 PROMAT INC. (ETEX GROUP): COMPANY INSIGHTS 94
FIGURE 36 PROMAT INC. (ETEX GROUP): SEGMENT BREAKDOWN 95
FIGURE 37 ROCKWOOL: COMPANY INSIGHTS 96
FIGURE 38 ROCKWOOL: SEGMENT BREAKDOWN 97
FIGURE 39 ARMACELL INTERNATIONAL S.A.: COMPANY INSIGHT 98
FIGURE 40 ARMACELL INTERNATIONAL S.A.: SEGMENT BREAKDOWN 99
FIGURE 41 CABOT CORPORATION: COMPANY INSIGHT 101
FIGURE 42 CABOT CORPORATION: SEGMENT BREAKDOWN 102
FIGURE 43 INSULCON B.V.: COMPANY INSIGHTS 103
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
