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The global industrial insulation market stood at a value of around USD 7.66 Billion in 2024. The market is further expected to grow at a CAGR of 6.20% in the forecast period of 2025-2034 to attain USD 13.98 Billion by 2034.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

  • In 2023, Knauf Insulation invested around €120 million in a new line for sustainable production with innovative electric melting technology at the company's plant in Novi Marof, Croatia. This investment will more than double the plant's annual production capacity of energy-saving solutions and create more than 70 new jobs in the process.
  • Cabot Corporation announced its participation in the U.S. Department of Energy's Better Plants program in 2023, which is a national, voluntary partnership aiming to drive improved energy efficiency within the U.S. industrial sector.
  • In 2022, Armacell acquired Austroflex Rohr-Isoliersysteme GmbH, an Austrian expert in the areas of flexible, pre-insulated pipe systems; thermal solar pipe systems; and technical insulation solutions.

Global Industrial Insulation Market Size

The global industrial insulation market stood at a value of around USD 7.66 billion in 2023. The market is further expected to grow at a CAGR of 6.2% in the forecast period of 2024-2032 to attain USD 13.16 billion by 2032.

 

Industrial Insulation Market Outlook

  • In 2023, Knauf Insulation invested around €120 million in a new line for sustainable production with innovative electric melting technology at the company's plant in Novi Marof, Croatia. This investment will more than double the plant's annual production capacity of energy-saving solutions and create more than 70 new jobs in the process.
  • Cabot Corporation announced its participation in the U.S. Department of Energy's Better Plants program in 2023, which is a national, voluntary partnership aiming to drive improved energy efficiency within the U.S. industrial sector.
  • In 2022, Armacell acquired Austroflex Rohr-Isoliersysteme GmbH, an Austrian expert in the areas of flexible, pre-insulated pipe systems; thermal solar pipe systems; and technical insulation solutions.

 

Industrial Insulation Market Report Snapshots

Industrial Insulation Market Size

Industrial Insulation Market Growth

Industrial Insulation Market Trends

Industrial Insulation Market Share

Industrial Insulation Companies

Industrial Insulation Market Regional Analysis

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2024, the industrial insulation market attained a value of approximately USD 7.66 Billion.

The industrial insulation market is estimated to grow at a CAGR of 6.20% between 2025 and 2034.

The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach about USD 13.98 Billion by 2034.

The major drivers of the market include the rising application of industrial insulation products in various end-use industries, the introduction of stringent regulations by various governments regarding power consumption, and rapid industrialisation in the developing economies.

The growing research and development activities and the development of innovative recyclable insulation materials are expected to be the key trends guiding the growth of the market.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Mineral wool, fibre glass, foamed plastics, and calcium silicate, among others, are the different insulation materials in the market.

Blanket, board, and pipe, among others, are the major products in the global industrial insulation market.

Automotive, chemical and petrochemical, construction, electrical and electronics, oil and gas, and power generation, among others, are the various end-use industries in the market.

The major players in the market are BASF SE, BNZ Materials, Inc., Cabot Corporation, Imerys S.A, and Knauf Insulation, among others.

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