According to the report published by Allied Market Research, the global industrial insulation market garnered $7.8 billion in 2021, and is estimated to generate $12.7 billion by 2031, manifesting a CAGR of 5.1% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $7.8 billion |
| Market Size in 2031 | $12.7 billion |
| CAGR | 5.1% |
| No. of Pages in Report | 346 |
| Segments covered | Material, Form, End Use Industry, and Region. |
| Drivers | Increase in demand for enhancing equipment efficiency and process performance among application industries |
| Increase in demand for energy conservation | |
| Rise in demand for industrial insulation | |
| Opportunities | Growth in the building & construction industry |
| Restraints | High cost of installing insulating materials |
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The research provides detailed segmentation of the global industrial insulation market based on material, form, end use industry, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.
Based on material, the mineral wool insulation segment held the highest share in 2021, accounting for more than two-fifths of the global industrial insulation market, and is expected to continue its leadership status during the forecast period. However, the plastic foam segment is expected to register the highest CAGR of 6.4% from 2022 to 2031. The report also analyzes the mid-range segment.
Based on form, the pipe segment accounted for the highest share in 2021, contributing to nearly half of the global industrial insulation market, and is expected to maintain its lead in terms of revenue during the forecast period. In addition, the same segment is expected to manifest the highest CAGR of 5.4% from 2022 to 2031. The report also analyzes blanket and board segments.
Based on end use industry, the oil & gas segment accounted for the highest share in 2021, holding nearly one-third of the global market, and is expected to continue its leadership status during the forecast period. other segments mentioned in the report include power, cement, food & beverages, and chemical & petroleum.
Based on region, Asia-Pacific held the largest share in 2021, contributing to more than two-fifths of the total market share, and is projected to maintain its dominant share in terms of revenue in 2031. In addition, the same region is expected to manifest the fastest CAGR of 6.4% during the forecast period. The research also analyzes regions including Europe, North America, and LAMEA.
Leading market players of the global industrial insulation market analyzed in the research include Armacell International SA, BASF SE, Cabot Corporation, Johns Manville, Kingspan Group PLC, Knauf Insulation, Nichias Corporation, NMC Group, Owens Corning, Polyguard Materials Inc., Promat, Rockwool Group, Saint Gobain, Solvay, and Thomas Insulation Corporation. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
