Industrial Insulation Market by Form (Pipe, Blanket, Board), Material (Mineral wool, Calcium silicate, Plastic foams), End-use (Power, Oil & Petrochemical, Gas, Chemical, Cement, Food & Beverage), and Region

The industrial insulation market size is projected to reach USD 5.0 billion by 2027 at a CAGR of 5.4% from 2022. The power industry had the largest market share in 2021, followed by the oil & petrochemical segment during the forecast period. The demand for industrial insulation is increasing owing to the growth in industrial activities in both developed and emerging economies. The demand for industrial insulation in emerging economies, such as Asia Pacific, the Middle East & Africa, and South America, is increasing, owing to the growing infrastructure activities. Also, regulations related to energy conservation are driving the market for insulation in these industries.

In terms of value, board is the second fastest-growing form in the industrial insulation market, during the forecast period.

Board form of insulation is a structural or finished material that consists of lightly compressed sheets and is specifically used for its thermal insulating effect. The primary component or material for board insulation can be plastics, such as XPS, glass wool, calcium, and silicate. This form is used for thermal and acoustic insulation in residential, commercial, and industrial applications. Board form of insulation can be used for piping as well as heating & air-conditioning ducts, power & process equipment, boiler & stack installations, wall & roof panel systems, and tanks and valves.

In terms of value, calcium silicate is the second-largest and fastest-growing material in the industrial insulation market, during the forecast period.

Calcium silicate is a granular type of insulation, which comprises lime and silica and is reinforced with organic and inorganic fibers and molded into rigid forms. It can be operated with a temperature range of 95°F to 1,499°F. It is mainly used in the petrochemical, oil & gas, and power industries. In the oil & gas industry, for equipment operating continuously above 212°F or for acoustic insulation applications, calcium silicate is used. Johns Manville and Insulcon BV are some of the major manufacturers of calcium silicate insulation.

In terms of value, food & beverage is estimated to be the third fastest-growing segment in the industrial insulation market, by end-use industry, during the forecast period.

Insulation materials are used in pipes, fryers, cookers, storage tanks, and sterilizers in the food & beverage sector. Food preparation and processing require thermal insulation to save energy and reduce overall operational expenses. Insulation materials used need to be food-grade and government-approved. Insulation in these facilities helps in the reduction of energy costs, reduction in condensation, and maintenance of a safe work environment. Plastic foams are mostly used in this industry for insulation purposes.

Western Europe region accounted for the third-largest share in the industrial insulation market by value.

Diversified end-use industries, manufacturers, compounders, distributors, and technical service providers present growth opportunities for the market. Germany, the UK, France, Italy, and Spain are the major industrial insulation markets in the region. The region is witnessing a gradual energy transition that the COVID-19 pandemic has accelerated. The chemical & petrochemical industry in Europe is expected to grow due to a favorable business environment and trade policies. This scenario has boosted the demand for industrial insulation in the region.

Breakdown of primaries

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the industrial insulation market, and information was gathered from secondary research to determine and verify the market size of several segments. The break-up of the primaries is as follows:

By Company Type: Tier 1 - 40%, Tier 2 - 30%, and Tier 3 - 30%
By Designation: C Level Executives- 20%, Directors - 10%, and Others - 70%
By Region: Asia Pacific - 30%, Europe - 30%, North America - 20%, the Middle East & Africa - 10%, and South America- 10%

Major players operating in the global industrial insulation market include Owens Corning (US), Saint-Gobain ISOVER (Germany), ROCKWOOL (Denmark), Knauf Insulation (US), Armacell (Luxembourg), Insulcon BV (Netherlands), Kingspan Group (Ireland), Johns Manville (US), Nichias Corporation (Japan), and Promat (ETEX) (Belgium).

Research Coverage:

This report provides detailed segmentation of the industrial insulation market based on by form, material, end-use industry, and region. Based on form, the market has been segmented into pipe, blanket, and board. Based on material, the market has been segmented into mineral wool, calcium silicate, and plastic foams. Based on end-use industry, the market has been segmented into power, oil & petrochemical, gas, chemical, cement, and food & beverage.

Key Benefits of Buying the Report:

From an insight perspective, this research report focuses on various levels of analyses - industry analysis (industry trends), market ranking of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the industrial insulation market; high growth regions; and market drivers, restraints, opportunities, and challenges.

1 Introduction

1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Market Scope
Figure 1 Industrial Insulation: Market Segmentation
1.3.1 Years Considered
1.3.2 Regional Scope
1.4 Currency Considered
1.5 Unit Considered
1.6 Stakeholders
1.7 Summary of Changes

2 Research Methodology

2.1 Research Data
Figure 2 Industrial Insulation Market: Research Design
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.3 Primary Interviews
2.1.3.1 Demand and Supply Sides
2.1.3.2 Key Industry Insights
2.1.3.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
Figure 3 Market Size Estimation Approach
2.2.1 Top-Down Approach
2.2.1.1 Approach for Arriving at Market Size Using Top-Down Approach
Figure 4 Top-Down Approach
2.2.2 Bottom-Up Approach
2.2.2.1 Approach for Arriving at Market Size Using Bottom-Up Approach
Figure 5 Bottom-Up Approach
2.3 Data Triangulation
Figure 6 Industrial Insulation Market: Data Triangulation
2.3.1 Market Analysis Through Primary Interviews
2.4 Factor Analysis
2.5 Assumptions
2.6 Limitations & Risks

3 Executive Summary

Figure 7 Pipe Segment to Lead Market During Forecast Period
Figure 8 Mineral Wool to Lead Market During Forecast Period
Figure 9 Power Segment Accounted for Largest Share of Industrial Insulation Market
Figure 10 Asia-Pacific Accounted for Largest Market Share in 2021

4 Premium Insights

4.1 Emerging Economies to Witness High Growth in Industrial Insulation Market
Figure 11 Asia-Pacific to Offer Attractive Opportunities in Industrial Insulation Market During Forecast Period
4.2 Industrial Insulation Market, by Form
Figure 12 Pipe Segment to Lead Market During Forecast Period
4.3 Industrial Insulation Market, by Material
Figure 13 Mineral Wool Segment to Lead Market During Forecast Period
4.4 Industrial Insulation Market, by End-Use Industry
Figure 14 Power Industry to Lead Market by 2027
4.5 Industrial Insulation Market, by Country
Figure 15 Market in China to Grow at Highest CAGR

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
Figure 16 Drivers, Restraints, Opportunities, and Challenges in Industrial Insulation Market
5.2.1 Drivers
5.2.1.1 Increasing Power and Energy Requirements in Emerging as Well as Developed Economies
5.2.1.2 Growing Industrialization Across Developing Economies
5.2.1.3 Regulations Mandating Use of Insulation for Energy Conservation
5.2.2 Restraints
5.2.2.1 Fluctuating Raw Material Prices
Figure 17 Yearly Graph of Crude Oil Prices
5.2.2.2 Increased Cost of Insulation Materials
5.2.3 Opportunities
5.2.3.1 Increased Infrastructural Spending in Emerging Economies
5.2.3.2 Growing Adoption of Industrial Automation Technology
5.2.3.3 Emerging Opportunities for Bio-Based Insulation Material
5.2.3.4 Increasing Demand for High-Temperature Insulation Materials
5.2.4 Challenges
5.2.4.1 High Cost of Installation and Requirement of Skilled Workforce
5.3 Porter's Five Forces Analysis
Figure 18 Industrial Insulation Market: Porter's Five Forces Analysis
5.3.1 Threat of Substitutes
5.3.2 Bargaining Power of Suppliers
5.3.3 Threat of New Entrants
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
Table 1 Industrial Insulation: Porter's Five Forces Analysis
5.4 Patent Analysis
5.4.1 Methodology
5.4.2 Document Type
Figure 19 Granted Patents
Figure 20 Number of Patents Published in Last 10 Years
5.4.3 Insights
Figure 21 Top Jurisdiction - by Document
5.4.4 Top 10 Companies/Applicants
Figure 22 Top 10 Patent Applicants
Table 2 Patents by Johns Manville
Table 3 Patents by Saint-Gobain Isover
Table 4 Patents by Airlite Plastics Co
Table 5 Top 10 Patent Owners (Us) in Last 10 Years
5.5 Impact of COVID-19 on Industrial Insulation Market
5.5.1 COVID-19
5.5.2 Impact on End-Use Industries
5.6 Tariff and Regulatory Landscape
5.6.1 Astm C1696-20
5.6.2 Astm C547
5.6.3 Iso 13787:2003(E)
5.6.4 US
5.6.5 Europe
5.6.6 Others
5.6.7 Regulatory Bodies, Government Agencies, and Other Organizations
Table 6 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 7 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 8 Rest of the World: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.7 Technology Analysis
5.7.1 New Technologies - Industrial Insulation
5.8 Value Chain Analysis
Figure 23 Value Chain Analysis
5.8.1 Raw Material Suppliers
5.8.2 Manufacturers
5.8.3 Distributors
5.8.4 End-users
Table 9 Industrial Insulation: Value Chain Stakeholders
5.9 Ecosystem Mapping
Figure 24 Industrial Insulation Ecosystem
5.10 Raw Material Analysis
5.10.1 Mineral Wool
5.10.2 Calcium Silicate
5.10.3 Plastic Foams
5.11 Trade Analysis
5.11.1 Import Trade Analysis
Table 10 Region-Wise Import Trade (In USD Thousand)
Figure 25 Region-Wise Import Trade (In USD Thousand)
5.11.2 Export Trade Analysis
Table 11 Region-Wise Export Trade (In USD Thousand)
Figure 26 Region-Wise Export Trade (In USD Thousand)
Table 12 Major Import Partners - Industrial Insulation
5.12 Macroeconomic Indicators
5.12.1 GDP Trends and Forecasts
Table 13 Projected Real GDP Growth (Annual Percent Change) of Key Countries, 2018-2025
5.12.2 Trends in Power Industry
Table 14 Electricity Generation Statistics, by Country, 2019-2020 (Twh)
5.12.3 Oil & Gas Statistics
Table 15 Oil Production, by Country, 2020-2021, Thousand Barrels Daily
5.13 Trends/Disruptions Impacting Customers' Businesses
Figure 27 Trends/Disruptions Impacting Customers' Businesses
5.14 Key Conferences & Events in 2022-2023
Table 16 Industrial Insulation Market: Detailed List of Conferences & Events
5.15 Key Factors Affecting Buying Decision
5.15.1 Quality
5.15.2 Service
Figure 28 Supplier Selection Criterion
5.16 Case Study Analysis
5.16.1 Rockwool
5.16.2 Owens Corning

6 Industrial Insulation Market, by Form

6.1 Introduction
Figure 29 Pipe to be Fastest-Growing Form During Forecast Period
Table 17 Industrial Insulation Market Size, by Form, 2018-2021 (USD Million)
Table 18 Industrial Insulation Market Size, by Form, 2022-2027 (USD Million)
6.2 Pipe
6.2.1 Large Number of Application Areas in Various Industries
Table 19 Industrial Insulation Market: Detailed List of Companies by Form (Pipe)
6.3 Blanket
6.3.1 Lightweight and Easy to Handle and Manufacture
Table 20 Industrial Insulation Market: Detailed List of Companies by Form (Blanket)
6.4 Board
6.4.1 Good Thermal Resistance and Reduction in Heat Conduction
Table 21 Industrial Insulation Market: Detailed List of Companies by Form (Board)
6.5 Others

7 Industrial Insulation Market, by Material

7.1 Introduction
Figure 30 Mineral Wool to be Fastest-Growing Material During Forecast Period
Table 22 Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 23 Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
7.2 Mineral Wool
Table 24 Heat Resistance of Mineral Wool
7.2.1 Glass Wool
7.2.1.1 Used in Power and Oil & Petrochemical Industries
7.2.2 Stone Wool
7.2.2.1 Resilient to Heat and Fire
7.2.3 Ceramic Fiber
7.2.3.1 Usage Only in High-Temperature Industrial Applications
7.3 Calcium Silicate
7.4 Plastic Foams
7.4.1 Phenolic
7.4.1.1 Lightweight and Low Thermal Conductivity
7.4.2 Elastomeric
7.4.2.1 High Flexibility and Elasticity Benefits
7.4.3 Others
7.5 Others

8 Industrial Insulation Market, by End-Use Industry

8.1 Introduction
Figure 31 Power to be Largest End-Use Industry of Industrial Insulation Market
Table 25 Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 26 Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
8.2 Power
8.2.1 Economic Growth by Industrialization
8.3 Chemical
8.3.1 Investments in Chemical Sector to Support Growth
8.4 Oil & Petrochemical
8.4.1 Extensive Usage of Calcium Silicate and Microporous Insulation Materials
8.5 Gas
8.5.1 Increasing Lng Trade in Emerging Economies
8.6 Cement
8.6.1 Increased Global Spending on Infrastructure
8.7 Food & Beverage
8.7.1 Plastic Foams Mainly Used for Insulation
8.8 Others

9 Industrial Insulation Market, by Region

9.1 Introduction
Figure 32 Industrial Insulation Market in China to Register Highest CAGR
Table 27 Industrial Insulation Market Size, by Region, 2018-2021 (USD Million)
Table 28 Industrial Insulation Market Size, by Region, 2022-2027 (USD Million)
9.2 North America
Figure 33 North America: Industrial Insulation Market Snapshot
Table 29 North America: Industrial Insulation Market Size, by Country, 2018-2021 (USD Million)
Table 30 North America: Industrial Insulation Market Size, by Country, 2022-2027 (USD Million)
Table 31 North America: Industrial Insulation Market Size, by Form, 2018-2021 (USD Million)
Table 32 North America: Industrial Insulation Market Size, by Form, 2022-2027 (USD Million)
Table 33 North America: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 34 North America: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 35 North America: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 36 North America: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.2.1 US
9.2.1.1 High Growth of Major End-Use Industries
Table 37 Us: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 38 Us: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 39 Us: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 40 Us: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.2.2 Canada
9.2.2.1 Diversified Downstream Sector
Table 41 Canada: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 42 Canada: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 43 Canada: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 44 Canada: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.2.3 Mexico
9.2.3.1 Government Initiatives for Investments in Power Sector
Table 45 Mexico: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 46 Mexico: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 47 Mexico: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 48 Mexico: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.3 Asia-Pacific
Figure 34 Asia-Pacific: Industrial Insulation Market Snapshot
Table 49 Asia-Pacific: Industrial Insulation Market Size, by Country, 2018-2021 (USD Million)
Table 50 Asia-Pacific: Industrial Insulation Market Size, by Country, 2022-2027 (USD Million)
Table 51 Asia-Pacific: Industrial Insulation Market Size, by Form, 2018-2021 (USD Million)
Table 52 Asia-Pacific: Industrial Insulation Market Size, by Form, 2022-2027 (USD Million)
Table 53 Asia-Pacific: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 54 Asia-Pacific: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 55 Asia-Pacific: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 56 Asia-Pacific: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.3.1 China
9.3.1.1 Huge Industrial Base
Table 57 China: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 58 China: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 59 China: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 60 China: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.3.2 Japan
9.3.2.1 Fossil Fuel-Based Power Generation
Table 61 Japan: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 62 Japan: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 63 Japan: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 64 Japan: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.3.3 South Korea
9.3.3.1 Increasing Investments Across End-Use Industries
Table 65 South Korea: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 66 South Korea: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 67 South Korea: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 68 South Korea: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.3.4 India
9.3.4.1 Government Initiatives to Build Infrastructure
Table 69 India: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 70 India: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 71 India: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 72 India: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.3.5 Indonesia
9.3.5.1 Investments in Power and Oil & Gas Industries
Table 73 Indonesia: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 74 Indonesia: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 75 Indonesia: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 76 Indonesia: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.3.6 Vietnam
9.3.6.1 Investments Across End-Use Industries
Table 77 Vietnam: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 78 Vietnam: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 79 Vietnam: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 80 Vietnam: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.3.7 Rest of Asia-Pacific
Table 81 Rest of Asia-Pacific: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 82 Rest of Asia-Pacific: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 83 Rest of Asia-Pacific: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 84 Rest of Asia-Pacific: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.4 Western Europe
Table 85 Western Europe: Industrial Insulation Market Size, by Country, 2018-2021 (USD Million)
Table 86 Western Europe: Industrial Insulation Market Size, by Country, 2022-2027 (USD Million)
Table 87 Western Europe: Industrial Insulation Market Size, by Form, 2018-2021 (USD Million)
Table 88 Western Europe: Industrial Insulation Market Size, by Form, 2022-2027 (USD Million)
Table 89 Western Europe: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 90 Western Europe: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 91 Western Europe: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 92 Western Europe: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.4.1 Germany
9.4.1.1 Constant Innovations in Chemical and Petrochemical Industries
Table 93 Germany: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 94 Germany: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 95 Germany: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 96 Germany: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.4.2 France
9.4.2.1 Investments in Construction Industry and Transition Toward Clean Economy
Table 97 France: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 98 France: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 99 France: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 100 France: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.4.3 UK
9.4.3.1 Decarbonization Activities to Boost Market
Table 101 Uk: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 102 Uk: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 103 Uk: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 104 Uk: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.4.4 Italy
9.4.4.1 Transportation to be Major Consumer
Table 105 Italy: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 106 Italy: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 107 Italy: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 108 Italy: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.4.5 Spain
9.4.5.1 Growth in Concentrated Solar Power Generation
Table 109 Spain: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 110 Spain: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 111 Spain: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 112 Spain: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.4.6 Rest of Western Europe
Table 113 Rest of Western Europe: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 114 Rest of Western Europe: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 115 Rest of Western Europe: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 116 Rest of Western Europe: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.5 Eastern & Central Europe
Table 117 Eastern & Central Europe: Industrial Insulation Market Size, by Country, 2018-2021 (USD Million)
Table 118 Eastern & Central Europe: Industrial Insulation Market Size, by Country, 2022-2027 (USD Million)
Table 119 Eastern & Central Europe: Industrial Insulation Market Size, by Form, 2018-2021 (USD Million)
Table 120 Eastern & Central Europe: Industrial Insulation Market Size, by Form, 2022-2027 (USD Million)
Table 121 Eastern & Central Europe: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 122 Eastern & Central Europe: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 123 Eastern & Central Europe: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 124 Eastern & Central Europe: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.5.1 Turkey
9.5.1.1 Urbanization and Industrialization Trends
Table 125 Turkey: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 126 Turkey: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 127 Turkey: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 128 Turkey: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.5.2 Russia
9.5.2.1 Government Plans to Boost Investments
Table 129 Russia: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 130 Russia: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 131 Russia: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 132 Russia: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.5.3 Rest of Eastern & Central Europe
Table 133 Rest of Eastern & Central Europe: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 134 Rest of Eastern & Central Europe: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 135 Rest of Eastern & Central Europe: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 136 Rest of Eastern & Central Europe: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.6 Middle East & Africa
Table 137 Middle East & Africa: Industrial Insulation Market Size, by Country, 2018-2021 (USD Million)
Table 138 Middle East & Africa: Industrial Insulation Market Size, by Country, 2022-2027 (USD Million)
Table 139 Middle East & Africa: Industrial Insulation Market Size, by Form, 2018-2021 (USD Million)
Table 140 Middle East & Africa: Industrial Insulation Market Size, by Form, 2022-2027 (USD Million)
Table 141 Middle East & Africa: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 142 Middle East & Africa: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 143 Middle East & Africa: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 144 Middle East & Africa: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.6.1 Saudi Arabia
9.6.1.1 Saudi Vision 2030 to Contribute to Significant Rise in Demand
Table 145 Saudi Arabia: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 146 Saudi Arabia: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 147 Saudi Arabia: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 148 Saudi Arabia: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.6.2 Uae
9.6.2.1 Expanding Non-Oil Sectors
Table 149 Uae: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 150 Uae: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 151 Uae: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 152 Uae: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.6.3 Egypt
9.6.3.1 Increasing Investments in Power Generation
Table 153 Egypt: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 154 Egypt: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 155 Egypt: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 156 Egypt: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.6.4 South Africa
9.6.4.1 Developments in Chemical and Petrochemical Sectors
Table 157 South Africa: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 158 South Africa: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 159 South Africa: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 160 South Africa: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.6.5 Rest of Middle East & Africa
Table 161 Rest of Middle East & Africa: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 162 Rest of Middle East & Africa: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 163 Rest of Middle East & Africa: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 164 Rest of Middle East & Africa: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.7 South America
Table 165 South America: Industrial Insulation Market Size, by Country, 2018-2021 (USD Million)
Table 166 South America: Industrial Insulation Market Size, by Country, 2022-2027 (USD Million)
Table 167 South America: Industrial Insulation Market Size, by Form, 2018-2021 (USD Million)
Table 168 South America: Industrial Insulation Market Size, by Form, 2022-2027 (USD Million)
Table 169 South America: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 170 South America: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 171 South America: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 172 South America: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.7.1 Brazil
9.7.1.1 Growing Investments Across End-Use Industries
Table 173 Brazil: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 174 Brazil: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 175 Brazil: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 176 Brazil: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.7.2 Argentina
9.7.2.1 Large Shale Deposits, Investments in Nuclear Power Plants, and Growing Chemical Sector
Table 177 Argentina: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 178 Argentina: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 179 Argentina: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 180 Argentina: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.7.3 Colombia
9.7.3.1 Increase in Demand for Chemicals and Polymers
Table 181 Colombia: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 182 Colombia: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 183 Colombia: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 184 Colombia: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)
9.7.4 Rest of South America
Table 185 Rest of South America: Industrial Insulation Market Size, by Material, 2018-2021 (USD Million)
Table 186 Rest of South America: Industrial Insulation Market Size, by Material, 2022-2027 (USD Million)
Table 187 Rest of South America: Industrial Insulation Market Size, by End-Use Industry, 2018-2021 (USD Million)
Table 188 Rest of South America: Industrial Insulation Market Size, by End-Use Industry, 2022-2027 (USD Million)

10 Competitive Landscape

10.1 Introduction
10.2 Strategies Adopted by Key Players
Figure 35 Companies Adopted Investment & Expansion and New Product Launch as Key Growth Strategies Between 2019 and 2022
10.3 Market Evaluation Matrix
Table 189 Market Evaluation Matrix
10.4 Revenue Analysis of Top Players
Table 190 Industrial Insulation Market: Revenue Analysis (USD)
10.5 Market Ranking
Figure 36 Market Ranking of Key Players
10.5.1 Owens Corning
10.5.2 Saint-Gobain
10.5.3 Knauf Insulation
10.5.4 Rockwool
10.5.5 Armacell International
10.6 Market Share Analysis
Figure 37 Industrial Insulation: Market Share Analysis, 2021
Table 191 Industrial Insulation Market: Degree of Competition
10.7 Company Evaluation Matrix (Tier 1)
10.7.1 Stars
10.7.2 Emerging Leaders
10.7.3 Pervasive Players
10.7.4 Participants
Figure 38 Industrial Insulation Market: Company Evaluation Matrix for Tier 1 Companies, 2021
10.8 Strength of Product Portfolio
10.9 Business Strategy Excellence
10.10 Competitive Benchmarking
Table 192 Industrial Insulation Market: Detailed List of Key Start-Ups/Smes
Table 193 Industrial Insulation Market: Competitive Benchmarking of Start-Ups/Smes (Form & End-Use Industry)
Table 194 Industrial Insulation Market: Competitive Benchmarking of Start-Ups/Smes (Material & Region)
10.10.1 Company Form Footprint
Table 195 Overall Form Footprint
10.10.2 Company End-Use Industry Footprint
Table 196 Overall End-Use Industry Footprint
10.10.3 Company Material Footprint
Table 197 Overall Material Footprint
10.10.4 Company Region Footprint
Table 198 Overall Region Footprint
10.10.5 Company Footprint
Table 199 Overall Company Footprint
10.11 Start-Ups and Small and Medium-Sized Enterprises (SMEs) Evaluation Matrix
10.11.1 Starting Blocks
10.11.2 Responsive Companies
10.11.3 Progressive Companies
10.11.4 Dynamic Companies
Figure 39 Industrial Insulation Market: Company Evaluation Matrix for SMEs
10.11.5 Strength of Product Portfolio (SMEs)
10.11.6 Business Strategy Excellence (SMEs)
10.12 Competitive Situation & Trends
10.12.1 Product Launches
Table 200 Industrial Insulation Market: Product Launches, 2019-2022
10.12.2 Deals
Table 201 Industrial Insulation Market: Deals, 2019-2022
10.12.3 Others
Table 202 Industrial Insulation Market: Others, 2019-2022

11 Company Profiles

(Business Overview, Products/Solutions Offered, Recent Developments & Analyst's View)*
11.1 Key Players
11.1.1 Owens Corning
Table 203 Owens Corning: Company Overview
Figure 40 Owens Corning: Company Snapshot
Table 204 Owens Corning: Product Offerings
Table 205 Owens Corning: Product Launches
Table 206 Owens Corning: Deals
11.1.2 Saint-Gobain (Isover)
Table 207 Saint-Gobain (Isover): Company Overview
Figure 41 Saint-Gobain (Isover): Company Snapshot
Table 208 Saint-Gobain (Isover): Product Offerings
Table 209 Saint-Gobain: Deals
Table 210 Saint-Gobain: Other Developments
11.1.3 Rockwool
Table 211 Rockwool: Company Overview
Figure 42 Rockwool: Company Snapshot
Table 212 Rockwool: Product Offerings
Table 213 Rockwool: Other Developments
11.1.4 Knauf Insulation
Table 214 Knauf Insulation: Company Overview
Table 215 Knauf Insulation: Product Offerings
Table 216 Knauf Insulation: Product Launches
Table 217 Knauf Insulation: Other Developments
11.1.5 Armacell International Sa
Table 218 Armacell: Company Overview
Figure 43 Armacell: Company Snapshot
Table 219 Armacell: Product Offerings
Table 220 Armacell: Product Launches
Table 221 Armacell: Deals
Table 222 Armacell: Other Developments
11.1.6 Insulcon Bv
Table 223 Insulcon Bv: Company Overview
Table 224 Insulcon Bv: Product Offerings
11.1.7 Kingspan Group plc
Table 225 Kingspan Group plc: Company Overview
Figure 44 Kingspan Group plc: Company Snapshot
Table 226 Kingspan Group plc: Product Offerings
Table 227 Kingspan Group plc: Deals
Table 228 Kingspan Group plc: Other Developments
11.1.8 Johns Manville
Table 229 Johns Manville: Company Overview
Table 230 Johns Manville: Product Offerings
Table 231 Johns Manville: Product Launches
Table 232 Johns Manville: Deals
Table 233 Johns Manville: Other Developments
11.1.9 Nichias Corporation
Table 234 Nichias Corporation: Company Overview
Figure 45 Nichias Corporation: Company Snapshot
Table 235 Nichias Corporation: Product Offerings
11.1.10 Promat (Etex)
Table 236 Promat (Etex): Company Overview
Figure 46 Promat (Etex): Company Snapshot
Table 237 Promat (Etex): Product Offerings
*Details on Business Overview, Products/Solutions Offered, Recent Developments & Analyst's View Might Not be Captured in Case of Unlisted Companies.
11.2 Other Companies
11.2.1 Aerofoam Usa LLC
Table 238 Aerofoam Usa LLC: Company Overview
11.2.2 Beijing Hocreboard Building Material Ltd.
Table 239 Beijing Hocreboard Building Material Ltd.: Company Overview
11.2.3 Beijing New Building Material Co. Ltd.
Table 240 Beijing New Building Material Co. Ltd.: Company Overview
11.2.4 Cabot Corporation
Table 241 Cabot Corporation: Company Overview
11.2.5 Glassrock Insulation Company Sae
Table 242 Glassrock Insulation Company Sae: Company Overview
11.2.6 L’Isolante K-Flex Spa
Table 243 L’Isolante K-Flex Spa: Company Overview
11.2.7 Nmc International Sa
Table 244 Nmc International Sa: Company Overview
11.2.8 Pgf Insulation
Table 245 Pgf Insulation: Company Overview
11.2.9 Tecresa Protection Pasiva S.L
Table 246 Tecresa Protection Pasiva S.L: Company Overview
11.2.10 Temati
Table 247 Temati: Company Overview
11.2.11 Unifrax
Table 248 Unifrax: Company Overview
11.2.12 Union Foam Spa
Table 249 Union Foam Spa: Company Overview
11.2.13 Visionary Industrial Insulation
Table 250 Visionary Industrial Insulation: Company Overview
11.2.14 Arabian Fiberglass Insulation Company Ltd
Table 251 Arabian Fiberglass Insulation Company Ltd: Company Overview
11.2.15 Aspen Aerogels, Inc.
Table 252 Aspen Aerogels: Company Overview

12 Appendix

12.1 Discussion Guide
12.2 Knowledgestore: the Subscription Portal
12.3 Available Customizations
12.4 Related Reports
12.5 Author Details

Companies Mentioned

Aerofoam Usa LLC
Arabian Fiberglass Insulation Company Ltd
Armacell International Sa
Aspen Aerogels, Inc.
Beijing Hocreboard Building Material Ltd.
Beijing New Building Material Co. Ltd.
Cabot Corporation
Glassrock Insulation Company Sae
Insulcon Bv
Johns Manville
Kingspan Group plc
Knauf Insulation
L’Isolante K-Flex Spa
Nichias Corporation
NMC International Sa
Owens Corning
Pgf Insulation
Promat (Etex)
Rockwool
Saint-Gobain (Isover)
Tecresa Protection Pasiva S.L
Temati
Unifrax
Union Foam Spa
Visionary Industrial Insulation

Methodology

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Table Information

Report Attribute	Details
No. of Pages	261
Published	November 2022
Forecast Period	2022 - 2027
Estimated Market Value ( USD ) in 2022	$ 3.9 Billion
Forecasted Market Value ( USD ) by 2027	$ 5 Billion
Compound Annual Growth Rate	5.4%
Regions Covered	Global
No. of Companies Mentioned	25

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Industrial Insulation Market by Form (Pipe, Blanket, Board), Material (Mineral wool, Calcium silicate, Plastic foams), End-use (Power, Oil & Petrochemical, Gas, Chemical, Cement, Food & Beverage), and Region - Global Forecast to 2027

In terms of value, board is the second fastest-growing form in the industrial insulation market, during the forecast period.

In terms of value, calcium silicate is the second-largest and fastest-growing material in the industrial insulation market, during the forecast period.

In terms of value, food & beverage is estimated to be the third fastest-growing segment in the industrial insulation market, by end-use industry, during the forecast period.