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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Industrial Insulation Market Regional Analysis
Asia Pacific Region Accounts For A Significant Share In The Market Due To Rapid Industrialisation
The industrial insulation market share in Asia Pacific is boosted by the rapid industrialisation in the emerging economies in the continent, coupled with the stringent government regulations about energy consumption. The growing investments to improve energy consumption in the industries are likely to provide impetus to the market in the region.
China and India have witnessed a significant surge in industrial activities, owing to the high-scientific technological development and good economic returns. Hence, this factor is likely to bolster the energy-saving projects in the region, propelling the demand for the industrial insulation industry in Asia Pacific. The market in the region is further expected to be aided by the growing awareness about reducing carbon emissions from industries, to save the environment from degradation.
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 2023, 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 6.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 13.16 billion by 2032.
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124