Worldwide Industrial Insulation Market by Material, Product, Application and Region - Forecast to 2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Apr 10, 2019--The “Industrial Insulation Market Size Report By Material, (Stone Wool, Glass Wool, Foamed Plastic), By Product, By Application (Power Generation, EIP), By Region, And Segment Forecasts, 2019 - 2025” report has been added to ResearchAndMarkets.com’s offering.
The global industrial insulation market size is expected to reach USD 9.76 billion by 2025, at a CAGR of 5.1%, according to this report. Increasing usage of thermal insulation for industrial equipment to improve energy efficiency is expected to drive the growth.
The raw materials used to manufacture various industrial insulation products such as glass and stone wool are available in abundance. However, the price of insulation raw materials derived from petrochemicals is subject to a notable change as the crude oil prices fluctuate. This results in an increase in the supplier bargaining power.
The market is under high scrutiny from government environmental agencies including the Environment Protection Agency (EPA) and Registration, Evaluation, Authorization and Restriction of Chemicals (REACH). These agencies have imposed stringent regulations on the materials used for manufacturing these products. Government support to develop sustainable manufacturing practices is expected to propel technological advances aimed at production of eco-friendly products.
The industrial insulation market exhibits high entry barriers, owing to the presence of a large number of players. In addition, capital intensive nature of the market ensures the requirement of substantial amount of time, planning, and resources for market entry and sustenance. High production volumes realized by the major players has resulted in economies of scale which may discourage new entrants.
Further key findings from the report suggest:
- Glass wool accounted for the largest market share of 22.3% in 2018, owing to its high temperature tolerance, flame resistance, and ability to offer thermal as well as acoustic insulation.
- Pipe insulation accounted for the largest market share in 2018 and is estimated to reach USD 4.65 billion by 2025, owing to increasing demand from industrial plants for controlling and stabilizing the process temperatures and prevention of condensation to limit pipe corrosion.
- Power generation is estimated to exhibit fastest CAGR of 6.9% in terms of revenue, from 2019 to 2025, owing to increasing product usage to minimize thermal losses.
- Asia Pacific accounted for a revenue of USD 1.68 billion in 2018 and is expected to exhibit the fastest CAGR over the forecast period, attributed to the rapid economic development coupled with rising adoption of such products.
- Major companies operating in the industrial insulation market focus on extending their product portfolio through development of cost-efficient materials. They prioritize R&D of low-cost materials that provide superior insulating properties.
Key Topics Covered
Chapter 1 Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.4. Information Analysis
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insight
Chapter 3. Industrial Insulation Market Variables, Trends, & Scope
3.1. Penetration & Growth Prospect Mapping
3.2. Industry Value Chain Analysis
3.3. Technology Overview
3.4. Regulatory Framework
3.5. Market Dynamics
3.6. Business Environment Analysis: Automotive Adhesive Tapes Market
3.7. Mergers & Acquisitions
Chapter 4. Industrial Insulation Market: Material Estimates & Trend Analysis
4.1. Definition & Scope
4.2. Industrial Insulation Market: Material Movement Analysis, 2018 & 2025
4.3. Stone Wool
4.4. Glass Wool
4.5. Cms Fibers
4.6. Calcium Silicate
4.7. Cellular Glass
4.8. Foamed Plastic
4.9. Elastomeric Foam
4.13. Micro Silica
Chapter 5. Industrial Insulation Market: Product Estimates & Trend Analysis
5.1. Definition & Scope
5.2. Industrial Insulation Market: Product Movement Analysis, 2018 & 2025
Chapter 6. Industrial Insulation Market: Application Estimates & Trend Analysis
6.1. Definition & Scope
6.2. Industrial Insulation Market: Application Movement Analysis, 2018 & 2025
6.3. Power Generation
6.4. Petrochemical & Refineries
6.5. EIP Industries
6.6. LNG/LPG Transportation & Storage
Chapter 7. Industrial Insulation Market: Regional Estimates & Trend Analysis
7.1. Regional Market Snapshot
7.2. Regional Top 5 Players
7.3. SWOT Analysis, by Factor (Political & Legal, Economic and Technological)
7.4. Market Size & Forecasts and Trend Analysis, 2014 to 2025
7.5. North America
7.7. Asia Pacific
7.8. Central & South America
7.9. Middle East & Africa
Chapter 8. Competitive Landscape
8.1. Key Global Players & Recent Developments & Their Impact on the Industry
8.2. Key Company/Competition Categorization
8.3. Vendor Landscape
8.4. Public Companies
8.5. Private Companies
8.6. Geographical Presence
Chapter 9. Company Profiles
9.1. Rockwool Insulation A/S
9.2. Paroc Group Oy
9.3. Knauf Insulation
9.4. TechnoNICOL Corporation
9.5. NICHIAS Corporation
9.6. Anco Products Inc.
9.7. Aspen aerogels Inc.
9.8. Cabot Corporation
9.9. Morgan Advanced Materials plc
9.10. Unifrax LLC
9.11. RATH Group
9.12. Ibiden Co. Ltd.
9.13. Armacell International Holding GmbH
9.14. L’isolante K-Flex S.p.A.
9.15. NMC Group
9.17. Pittsburgh Corning Europe N.V.
9.18. GLAPOR Werk Mitterteich
9.19. Duna-Corradini S.p.A.
9.20. Polyguard Products Inc.
9.21. Owens Corning
9.22. Johns Manville
9.23. Rockwool Manufacturing Company
9.24. Saint Gobain S.A.
9.25. American Rockwool Manufacturing LLC
For more information about this report visit https://www.researchandmarkets.com/r/jjsebb
View source version on businesswire.com:https://www.businesswire.com/news/home/20190410005568/en/
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INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY
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PUB: 04/10/2019 10:04 AM/DISC: 04/10/2019 10:04 AM