Industrial Thermal Insulation Industry Research Report 2023-2030: Market to Grow by $900 Million - Industrial Expansion and Energy Efficiency Regulations Drive Market Growth - ResearchAndMarkets.com

The "Industrial Thermal Insulation - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Industrial Thermal Insulation is estimated at US$2.6 Billion in 2023 and is projected to reach US$3.5 Billion by 2030, growing at a CAGR of 4.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the industrial thermal insulation market is driven by several factors, including the increasing importance of energy efficiency and environmental sustainability in industrial operations. As energy costs rise and regulations on emissions and energy usage tighten, industries seek effective ways to reduce energy consumption and minimize environmental impact, with thermal insulation playing a pivotal role. Technological advancements that lead to more effective and easier-to-install insulation solutions also contribute to market expansion.

Additionally, the expansion of industries such as oil and gas, chemicals, and power generation in emerging markets drives demand for new insulation materials tailored to withstand harsh and varied operational conditions. Furthermore, the development of smarter and greener buildings and processes is pushing the boundaries of traditional insulation practices, leading to innovations in insulation materials and techniques. These factors collectively ensure robust growth and continual development in the industrial thermal insulation market, responding to both economic and environmental needs.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Mineral Wool Insulation segment, which is expected to reach US$1.6 Billion by 2030 with a CAGR of a 4.9%. The Calcium Silicate Insulation segment is also set to grow at 3.6% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $689.3 Million in 2023, and China, forecasted to grow at an impressive 7.6% CAGR to reach $736.6 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as 3M Company, Armacell International S.A., BASF Polyurethanes GmbH, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Key Questions Answered:

• How is the Global Industrial Thermal Insulation Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Key Attributes:

Key Topics Covered:

MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Global Economic Update
• Industrial Thermal Insulation - Global Key Competitors Percentage Market Share in 2024 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)

MARKET TRENDS & DRIVERS

• Industrial Expansion and Energy Efficiency Regulations Drive Market Growth
• Advances in Materials Technology Propel Use of High-Performance Thermal Insulation
• Growth in the Oil and Gas Sector Bolsters Demand for Thermal Insulation Solutions
• Impact of Global Construction Boom on Thermal Insulation Needs
• Shift Toward Green Buildings and LEED Certification Requirements
• Developments in Aerogel Insulation for Superior Thermal Properties
• Adoption of Nanotechnology and Composite Materials in Insulation
• Impact of Industrial Automation on Insulation Requirements
• Expansion of HVAC Applications Driving Demand for Thermal Insulation
• Safety and Fire Resistance Requirements Influencing Product Development
• Increasing Use of Recycled and Bio-based Insulation Materials

FOCUS ON SELECT PLAYERS (Total 124 Featured):

• 3M Company
• Armacell International S.A.
• BASF Polyurethanes GmbH
• BNZ Materials, Inc.
• Cabot Corporation
• CECA
• Cellofoam North America, Inc.
• CertainTeed Corporation
• ContiTech AG
• DBW Advanced Fiber Technologies GmbH
• Evonik Industries AG
• Flumroc AG
• G+H Isolierung GmbH
• GAF
• Glava A/S
• Huntsman Corporation
• Industrial Insulation Group LLC
• Insulcon Group
• Isolatek International, Inc.
• Johns Manville
• Kingspan Group plc
• Knauf Insulation GmbH
• Knauf Insulation Ltd.
• L'ISOLANTE K-FLEX
• Meisei Industrial Co. Ltd.
• MERSEN SA
• Morgan Advanced Materials
• Morgan Advanced Materials Porextherm Dammstoffe GmbH
• Morgan Thermal Ceramics
• Owens Corning
• Pacor, Inc.
• Paroc Group Oy
• Pittsburgh Corning Corporation
• PPG Industries
• Promat International
• Rockwool International A/S
• Roxul, Inc.
• Sebald Isosysteme GmbH & Co KG
• Skamol A/S
• StyroChem International
• Superglass Insulation Ltd.
• Unifrax LLC
• URSA Insulation, S.A.

For more information about this report visit https://www.researchandmarkets.com/r/m3i6ag

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240923426970/en/