Industrial Insulation Market
PUBLISHED: 2021 ID: SMRC20311
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Industrial Insulation Market

Industrial Insulation - Global Market Outlook (2019 -2027)

4.9 (15 reviews)
4.9 (15 reviews)
Published: 2021 ID: SMRC20311

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Industrial Insulation Market is accounted for $2.06 billion in 2019 and is expected to reach $3.40 billion by 2027 growing at a CAGR of 6.5% during the forecast period. Regulations mandating the use of insulation for energy conservation and rising power and energy requirements in emerging as well as developed economies are the major factors propelling the market growth. However, factors such as low awareness regarding the usage of insulation products and fluctuating raw material prices due to volatility in crude oil prices are hampering the market growth.

Insulation is a layer or coating of resistant material, which serves as a barrier to the targeted energy. 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. Insulation eliminates the heat transfer out of the equipment system and improves machine performance by making manufacturing processes more efficient. It offers frost protection to pipelines at low temperatures which makes it suitable for transportation equipment. In addition, it also helps in lowering the manufacturing and energy cost leading to an increased adoption of industrial insulation.

Based on end user, the power generation segment is going to have a lucrative growth during the forecast period owing to stringent regulations mandating the use of industrial insulation to conserve energy and achieve efficiency in operations. Calcium silicate is one of the most widely used insulation materials in the power generation industry. It is used to insulate high-temperature pipes and equipment and for fire endurance applications. In the power generation industry, industrial insulation is used to cover a variety of equipment, such as steam pipes, heat storage tanks, and boilers.

By geography, North America is going to have a lucrative growth during the forecast period due to the implementation of new provincial building codes in several provinces addressing energy consumption in commercial buildings. Rise in the demand for high-quality products in order to reduce carbon emissions is expected to drive the regional market. Increasing number of recovery construction projects in the U.S., particularly in the commercial segments is projected to augment the growth. Rising awareness related to environment-friendly construction practices in the country is expected to further propel the product demand on account of its ability to reduce energy consumption.

Some of the key players profiled in the Industrial Insulation Market include Armacell International SA, BASF SE, Berkshire Hathaway Incorporated, Insulcon BV, Johns Manville, Kingspan Group PLC, Knauf Insulation, Nichias Corporation, Owens Corning, Paroc Group, Refractory Specialties Incorporated, Rockwool Group, Saint Gobain, Samhwa Chemicals Co., , Ltd, Solvay, and Thomas Insulation Corporation.

Types Covered:
• Thermal Insulation
• Acoustic Insulation
• Moisture Proof

Products Covered:
• Wraps/Sheets
• Coatings
• Adhesive & Sealants

Forms Covered:
• Pipe
• Blanket
• Board

Materials Covered:
• Aerogel
• Calcium Silicate
• Calcium, Magnesium, and Silica (CMS) Fibers
• Cellular Glass
• Cellulose
• Elastomeric Foam
• Fiber Glass
• Micro Silica
• Mineral Wool
• Perlite
• Plastic Foams

End Users Covered:
• Automotive
• Boilers
• Cement
• Construction
• Eco-Industrial Park (EIP) Industries
• Electrical and Electronics
• Food & Beverage
• Heat Exchangers
• Hot & Cold Process Equipments
• Oil
• Gas
• Petrochemical & Refineries
• Power Generation
• Steel Manufacturing
• Storage Tanks

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary       
         
2 Preface  
      
 2.1 Abstract        
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology     
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources    
  2.5.2 Secondary Research Sources    
  2.5.3 Assumptions     
         
3 Market Trend Analysis      

 3.1 Introduction      
 3.2 Drivers       
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats       
 3.6 Product Analysis      
 3.7 End User Analysis      
 3.8 Emerging Markets      
 3.9 Impact of Covid-19      
         
4 Porters Five Force Analysis      
 4.1 Bargaining power of suppliers     
 4.2 Bargaining power of buyers     
 4.3 Threat of substitutes     
 4.4 Threat of new entrants     
 4.5 Competitive rivalry      
         
5 Global Industrial Insulation Market, By Type    
 5.1 Introduction      
 5.2 Thermal Insulation      
 5.3 Acoustic Insulation      
 5.4 Moisture Proof      
          
6 Global Industrial Insulation Market, By Product    
 6.1 Introduction      
 6.2 Wraps/Sheets      
 6.3 Coatings       
 6.4 Adhesive & Sealants     
         
7 Global Industrial Insulation Market, By Form    
 7.1 Introduction      
 7.2 Pipe       
 7.3 Blanket       
 7.4 Board       
         
8 Global Industrial Insulation Market, By Material    

 8.1 Introduction      
 8.2 Aerogel       
 8.3 Calcium Silicate      
 8.4 Calcium, Magnesium, and Silica (CMS) Fibers   
 8.5 Cellular Glass      
 8.6 Cellulose       
 8.7 Elastomeric Foam      
 8.8 Fiber Glass      
 8.9 Micro Silica      
 8.10 Mineral Wool      
  8.10.1 Glass Wool     
  8.10.2 Stone Wool     
 8.11 Perlite       
 8.12 Plastic Foams      
  8.12.1 Polyurethane (PU)     
  8.12.2 Polystyrene (PS)     
  8.12.3 Polypropylene (PP)     
         
9 Global Industrial Insulation Market, By End User    

 9.1 Introduction      
 9.2 Automotive      
 9.3 Boilers       
 9.4 Cement       
 9.5 Construction      
 9.6 Eco-Industrial Park (EIP) Industries    
 9.7 Electrical and Electronics     
 9.8 Food & Beverage      
 9.9 Heat Exchangers      
 9.10 Hot & Cold Process Equipments    
 9.11 Oil       
 9.12 Gas       
  9.12.1 Liquified Petroleum Gas (LPG)/ Liquified Natural Gas (LNG) 
 9.13 Petrochemical & Refineries     
 9.14 Power Generation      
 9.15 Steel Manufacturing     
 9.16 Storage Tanks      
         
10 Global Industrial Insulation Market, By Geography    
 10.1 Introduction      
 10.2 North America      
  10.2.1 US      
  10.2.2 Canada      
  10.2.3 Mexico      
 10.3 Europe       
  10.3.1 Germany      
  10.3.2 UK      
  10.3.3 Italy      
  10.3.4 France      
  10.3.5 Spain      
  10.3.6 Rest of Europe     
 10.4 Asia Pacific      
  10.4.1 Japan      
  10.4.2 China      
  10.4.3 India      
  10.4.4 Australia      
  10.4.5 New Zealand     
  10.4.6 South Korea     
  10.4.7 Rest of Asia Pacific     
 10.5 South America      
  10.5.1 Argentina     
  10.5.2 Brazil      
  10.5.3 Chile      
  10.5.4 Rest of South America    
 10.6 Middle East & Africa     
  10.6.1 Saudi Arabia     
  10.6.2 UAE      
  10.6.3 Qatar      
  10.6.4 South Africa     
  10.6.5 Rest of Middle East & Africa    
         
11 Key Developments     
  
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures  
 11.2 Acquisitions & Mergers     
 11.3 New Product Launch     
 11.4 Expansions      
 11.5 Other Key Strategies     
          
12 Company Profiling       
 12.1 Armacell International SA     
 12.2 BASF SE       
 12.3 Berkshire Hathaway Incorporated    
 12.4 Insulcon BV       
 12.5 Johns Manville      
 12.6 Kingspan Group PLC      
 12.7 Knauf Insulation      
 12.8 Nichias Corporation      
 12.9 Owens Corning      
 12.10 Paroc Group      
 12.11 Refractory Specialties Incorporated    
 12.12 Rockwool Group      
 12.13 Saint Gobain      
 12.14 Samhwa Chemicals Co., Ltd     
 12.15 Solvay       
 12.16 Thomas Insulation Corporation    


List of Tables        
1 Global Industrial Insulation Market Outlook, By Region (2018-2027) ($MN) 
2 Global Industrial Insulation Market Outlook, By Type (2018-2027) ($MN)  
3 Global Industrial Insulation Market Outlook, By Thermal Insulation (2018-2027) ($MN)
4 Global Industrial Insulation Market Outlook, By Acoustic Insulation (2018-2027) ($MN)
5 Global Industrial Insulation Market Outlook, By Moisture Proof (2018-2027) ($MN) 
6 Global Industrial Insulation Market Outlook, By Product (2018-2027) ($MN) 
7 Global Industrial Insulation Market Outlook, By Wraps/Sheets (2018-2027) ($MN) 
8 Global Industrial Insulation Market Outlook, By Coatings (2018-2027) ($MN) 
9 Global Industrial Insulation Market Outlook, By Adhesive & Sealants (2018-2027) ($MN)
10 Global Industrial Insulation Market Outlook, By Form (2018-2027) ($MN)  
11 Global Industrial Insulation Market Outlook, By Pipe (2018-2027) ($MN)  
12 Global Industrial Insulation Market Outlook, By Blanket (2018-2027) ($MN) 
13 Global Industrial Insulation Market Outlook, By Board (2018-2027) ($MN) 
14 Global Industrial Insulation Market Outlook, By Material (2018-2027) ($MN) 
15 Global Industrial Insulation Market Outlook, By Aerogel (2018-2027) ($MN) 
16 Global Industrial Insulation Market Outlook, By Calcium Silicate (2018-2027) ($MN) 
17 Global Industrial Insulation Market Outlook, By Calcium, Magnesium, and Silica (CMS) Fibers (2018-2027) ($MN)
18 Global Industrial Insulation Market Outlook, By Cellular Glass (2018-2027) ($MN) 
19 Global Industrial Insulation Market Outlook, By Cellulose (2018-2027) ($MN) 
20 Global Industrial Insulation Market Outlook, By Elastomeric Foam (2018-2027) ($MN)
21 Global Industrial Insulation Market Outlook, By Fiber Glass (2018-2027) ($MN) 
22 Global Industrial Insulation Market Outlook, By Micro Silica (2018-2027) ($MN) 
23 Global Industrial Insulation Market Outlook, By Mineral Wool (2018-2027) ($MN) 
24 Global Industrial Insulation Market Outlook, By Glass Wool (2018-2027) ($MN) 
25 Global Industrial Insulation Market Outlook, By Stone Wool (2018-2027) ($MN) 
26 Global Industrial Insulation Market Outlook, By Perlite (2018-2027) ($MN) 
27 Global Industrial Insulation Market Outlook, By Plastic Foams (2018-2027) ($MN) 
28 Global Industrial Insulation Market Outlook, By Polyurethane (PU) (2018-2027) ($MN)
29 Global Industrial Insulation Market Outlook, By Polystyrene (PS) (2018-2027) ($MN)
30 Global Industrial Insulation Market Outlook, By Polypropylene (PP) (2018-2027) ($MN)
31 Global Industrial Insulation Market Outlook, By End User (2018-2027) ($MN) 
32 Global Industrial Insulation Market Outlook, By Automotive (2018-2027) ($MN) 
33 Global Industrial Insulation Market Outlook, By Boilers (2018-2027) ($MN) 
34 Global Industrial Insulation Market Outlook, By Cement (2018-2027) ($MN) 
35 Global Industrial Insulation Market Outlook, By Construction (2018-2027) ($MN) 
36 Global Industrial Insulation Market Outlook, By Eco-Industrial Park (EIP) Industries (2018-2027) ($MN)
37 Global Industrial Insulation Market Outlook, By Electrical and Electronics (2018-2027) ($MN)
38 Global Industrial Insulation Market Outlook, By Food & Beverage (2018-2027) ($MN)
39 Global Industrial Insulation Market Outlook, By Heat Exchangers (2018-2027) ($MN)
40 Global Industrial Insulation Market Outlook, By Hot & Cold Process Equipments (2018-2027) ($MN)
41 Global Industrial Insulation Market Outlook, By Oil (2018-2027) ($MN)  
42 Global Industrial Insulation Market Outlook, By Gas (2018-2027) ($MN)  
43 Global Industrial Insulation Market Outlook, By Liquified Petroleum Gas (LPG)/ Liquified Natural Gas (LNG) (2018-2027) ($MN)
44 Global Industrial Insulation Market Outlook, By Petrochemical & Refineries (2018-2027) ($MN)
45 Global Industrial Insulation Market Outlook, By Power Generation (2018-2027) ($MN)
46 Global Industrial Insulation Market Outlook, By Steel Manufacturing (2018-2027) ($MN)
47 Global Industrial Insulation Market Outlook, By Storage Tanks (2018-2027) ($MN) 
          
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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