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Industrial Insulation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

January 2023 | 143 pages | ID: IECDFE9AF3BCEN
IMARC Group

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The global industrial insulation market size reached US$ 7.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.9 Billion by 2028, exhibiting a growth rate (CAGR) of 4.7% during 2023-2028.

Insulation refers to the process of barricading the entry of electricity, heat, and sound in the physical space of the equipment. In industrial spaces, it is extensively employed for maintaining temperature through the help of various components, including storage tanks, boilers, vessels, and pipes. They are usually made of low thermal conductivity materials, such as mineral wool, polyethene, and polystyrene, which aids in reducing energy costs and moisture condensation, mitigating corrosion, decreasing unwanted loss or gain of heat and promoting minimal energy consumption.

Industrial Insulation Market Trends:
The widespread adoption of industrial insulation across automotive, petrochemicals, oil and gas, power generation and electronic sectors can be attributed to the rising need to make manufacturing processes more efficient as it obstructs the heat transfer of the equipment systems and enhances machine performance. This represents the key factor primarily driving the market growth. In line with this, the escalating demand for power generation has prompted governments of various countries to implement stringent regulations to promote the uptake of insulation materials, which is acting as another growth-inducing factor. This, in turn, assists in ensuring energy conservation and process optimization, eliminating condensation of moisture and reducing the risks of accidents and fire hazards in industries. Additionally, the extensive insulation of boilers, furnaces, heat storage tanks and chimneys in the power industry for maintaining optimum temperature level to augment the efficiency of operations is also contributing to the market growth. Moreover, several product innovations, such as the introduction of mineral wool that exhibit fire-resistant and anti-moisture properties, to meet evolving needs of different applications are propelling the market growth. Apart from this, the increasing product utilization in transportation equipment to offer frost protection during low temperatures, along with their easy availability at affordable prices are creating a positive outlook for the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial insulation market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, insulation material and end use industry.

Breakup by Product:

Blanket
Board
Pipe
Others

Breakup by Insulation Material:

Mineral Wool
Fiber Glass
Foamed Plastics
Calcium Silicate
Others

Breakup by End Use Industry:

Automotive
Chemical and Petrochemical
Construction
Electrical and Electronics
Oil and Gas
Power Generation
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aspen Aerogels Inc., BASF SE, Bnz Materials Inc., Cabot Corporation, Compagnie de Saint-Gobain S.A, Ibiden Co. Ltd., Johns Manville Corporation (Berkshire Hathaway Inc), Kingspan Group plc, Knauf Insulation, Nichias Corporation, Owens Corning and Rockwool A/S.

Key Questions Answered in This Report:
How has the global industrial insulation market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global industrial insulation market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the insulation material?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global industrial insulation market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL INDUSTRIAL INSULATION MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY PRODUCT

6.1 Blanket
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Board
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Pipe
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Others
  6.4.1 Market Trends
  6.4.2 Market Forecast

7 MARKET BREAKUP BY INSULATION MATERIAL

7.1 Mineral Wool
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Fiber Glass
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Foamed Plastics
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Calcium Silicate
  7.4.1 Market Trends
  7.4.2 Market Forecast
7.5 Others
  7.5.1 Market Trends
  7.5.2 Market Forecast

8 MARKET BREAKUP BY END USE INDUSTRY

8.1 Automotive
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Chemical and Petrochemical
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Construction
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Electrical and Electronics
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5 Oil and Gas
  8.5.1 Market Trends
  8.5.2 Market Forecast
8.6 Power Generation
  8.6.1 Market Trends
  8.6.2 Market Forecast
8.7 Others
  8.7.1 Market Trends
  8.7.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2 Asia-Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3 Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4 Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5 Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
  14.3.1 Aspen Aerogels Inc.
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
    14.3.1.3 Financials
  14.3.2 BASF SE
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
    14.3.2.3 Financials
    14.3.2.4 SWOT Analysis
  14.3.3 Bnz Materials Inc.
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
  14.3.4 Cabot Corporation
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
    14.3.4.3 Financials
    14.3.4.4 SWOT Analysis
  14.3.5 Compagnie de Saint-Gobain S.A
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
    14.3.5.3 Financials
    14.3.5.4 SWOT Analysis
  14.3.6 Ibiden Co. Ltd.
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
    14.3.6.3 Financials
    14.3.6.4 SWOT Analysis
  14.3.7 Johns Manville Corporation (Berkshire Hathaway Inc)
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
  14.3.8 Kingspan Group plc
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
    14.3.8.3 Financials
    14.3.8.4 SWOT Analysis
  14.3.9 Knauf Insulation
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
  14.3.10 Nichias Corporation
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
    14.3.10.3 Financials
    14.3.10.4 SWOT Analysis
  14.3.11 Owens Corning
    14.3.11.1 Company Overview
    14.3.11.2 Product Portfolio
    14.3.11.3 Financials
    14.3.11.4 SWOT Analysis
  14.3.12 Rockwool A/S
    14.3.12.1 Company Overview
    14.3.12.2 Product Portfolio
    14.3.12.3 Financials

LIST OF TABLES

Table 1: Global: Industrial Insulation Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Industrial Insulation Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Industrial Insulation Market Forecast: Breakup by Insulation Material (in Million US$), 2023-2028
Table 4: Global: Industrial Insulation Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 5: Global: Industrial Insulation Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Industrial Insulation Market: Competitive Structure
Table 7: Global: Industrial Insulation Market: Key Players

LIST OF FIGURES

Figure 1: Global: Industrial Insulation Market: Major Drivers and Challenges
Figure 2: Global: Industrial Insulation Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Industrial Insulation Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Industrial Insulation Market: Breakup by Product (in %), 2022
Figure 5: Global: Industrial Insulation Market: Breakup by Insulation Material (in %), 2022
Figure 6: Global: Industrial Insulation Market: Breakup by End Use Industry (in %), 2022
Figure 7: Global: Industrial Insulation Market: Breakup by Region (in %), 2022
Figure 8: Global: Industrial Insulation (Blanket) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Industrial Insulation (Blanket) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Industrial Insulation (Board) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Industrial Insulation (Board) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Industrial Insulation (Pipe) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Industrial Insulation (Pipe) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Industrial Insulation (Other Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Industrial Insulation (Other Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Industrial Insulation (Mineral Wool) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Industrial Insulation (Mineral Wool) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Industrial Insulation (Fiber Glass) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Industrial Insulation (Fiber Glass) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Industrial Insulation (Foamed Plastics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Industrial Insulation (Foamed Plastics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Industrial Insulation (Calcium Silicate) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Industrial Insulation (Calcium Silicate) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Industrial Insulation (Other Insulation Materials) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Industrial Insulation (Other Insulation Materials) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Industrial Insulation (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Industrial Insulation (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Industrial Insulation (Chemical and Petrochemical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Industrial Insulation (Chemical and Petrochemical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Industrial Insulation (Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Industrial Insulation (Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Industrial Insulation (Electrical and Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Industrial Insulation (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Industrial Insulation (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Industrial Insulation (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Industrial Insulation (Power Generation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Industrial Insulation (Power Generation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Industrial Insulation (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Industrial Insulation (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: North America: Industrial Insulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: North America: Industrial Insulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: United States: Industrial Insulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: United States: Industrial Insulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Canada: Industrial Insulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Canada: Industrial Insulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Asia-Pacific: Industrial Insulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Asia-Pacific: Industrial Insulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: China: Industrial Insulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: China: Industrial Insulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Japan: Industrial Insulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Japan: Industrial Insulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: India: Industrial Insulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: India: Industrial Insulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: South Korea: Industrial Insulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: South Korea: Industrial Insulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Australia: Industrial Insulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Australia: Industrial Insulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Indonesia: Industrial Insulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Indonesia: Industrial Insulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Others: Industrial Insulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Others: Industrial Insulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Europe: Industrial Insulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Europe: Industrial Insulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Germany: Industrial Insulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Germany: Industrial Insulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: France: Industrial Insulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: France: Industrial Insulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: United Kingdom: Industrial Insulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: United Kingdom: Industrial Insulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Italy: Industrial Insulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Italy: Industrial Insulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Spain: Industrial Insulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Spain: Industrial Insulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Russia: Industrial Insulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Russia: Industrial Insulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Others: Industrial Insulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Others: Industrial Insulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Latin America: Industrial Insulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Latin America: Industrial Insulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Brazil: Industrial Insulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Brazil: Industrial Insulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Mexico: Industrial Insulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Mexico: Industrial Insulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Others: Industrial Insulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Others: Industrial Insulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Middle East and Africa: Industrial Insulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Middle East and Africa: Industrial Insulation Market: Breakup by Country (in %), 2022
Figure 88: Middle East and Africa: Industrial Insulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Global: Industrial Insulation Industry: SWOT Analysis
Figure 90: Global: Industrial Insulation Industry: Value Chain Analysis
Figure 91: Global: Industrial Insulation Industry: Porter's Five Forces Analysis


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