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The Global Market for Tank Insulation (2019-2023): Increasing Industrialization in Emerging Economies Presents Opportunity - ResearchAndMarkets.com

January 29, 2019

DUBLIN--(BUSINESS WIRE)--Jan 29, 2019--The “Tank Insulation Market by Material (PU & PIR, Rockwool, Fiberglass, Elastomeric Foam, EPS), Type (Storage, Transportation), Temperature (Hot, Cold), End-Use Industry (Oil & Gas, Chemical, Food & Beverage, Energy & Power) - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The tank insulation market size is projected to grow from USD 5.2 billion in 2018 to USD 6.5 billion by 2023.

Growth in chemical manufacturing capacities and huge production of oil are expected to drive the demand for tank insulations during the forecast period. However, fluctuating raw materials prices act as a restraint to the growth of the tank insulation market.

Key Highlights

The PU & PIR segment is expected to lead the tank insulation market, in terms of value, during the forecast period. The oil & gas end-use industry is projected to account for the largest share of the overall tank insulation market, in terms of value, between 2018 and 2023. APAC is expected to be the fastest-growing tank insulation market during the forecast period, in terms of value.

Market Dynamics

Drivers

Increased Demand from Oil & Gas and Chemical Industries Use of Renewable Insulation Materials Growing Demand for Cryogenic Insulation

Restraints

Fluctuating Raw Material Prices

Opportunities

Increasing Industrialization in Emerging Economies

Challenges

Health Hazards and Safety-Related Incidents

Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Tank Insulation Market, By Material

7 Tank Insulation Market, By Type

8 Tank Insulation Market, By Temperature

9 Tank Insulation Market, By End-Use Industry

10 Tank Insulation Market, By Region

11 Competitive Landscape

12 Company Profiles

Armacell International S.A. BASF SE Cabot Corporation Covestro AG Dunmore Corporation Gilsulate International Inc. Huntsman Corporation ITW Insulation Systems Johns Manville Kingspan Group PLC Knauf Insulation NMC S.A. Owens Corning Rochling Group Rockwool International A/S Saint-Gobain Sekisui Foam Australia

For more information about this report visit https://www.researchandmarkets.com/research/xp22rn/the_global_market?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190129005395/en/

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Related Topics:Insulation

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 01/29/2019 04:59 AM/DISC: 01/29/2019 04:59 AM

http://www.businesswire.com/news/home/20190129005395/en

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