Global Tank Insulation Market to Reach $9.9 Billion by 2030
The global market for Tank Insulation estimated at US$5.3 Billion in the year 2022, is projected to reach a revised size of US$9.9 Billion by 2030, growing at a CAGR of 8% over the analysis period 2022-2030. PU & PIR, one of the segments analyzed in the report, is projected to record 9.3% CAGR and reach US$4.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Rockwool segment is readjusted to a revised 6.6% CAGR for the next 8-year period.The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 12.4% CAGR
The Tank Insulation market in the U.S. is estimated at US$1.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.3 Billion by the year 2030 trailing a CAGR of 12.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 7.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.Select Competitors (Total 37 Featured) -
- Armacell International S.A.
- BASF SE
- Cabot Corporation
- Compagnie de Saint-Gobain S.A.
- Covestro AG
- Dunmore Corporation
- Gilsulate International, Inc.
- Huntsman Corporation
- ITW Insulation Systems
- Johns Manville Corporation
- Kingspan Group plc
- Knauf Insulation, Inc.
- Nmc SA
- Owens Corning
- Rochling Group
- Rockwool International A/S
- Sekisui Foam Australia
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Armacell International S.A.
- BASF SE
- Cabot Corporation
- Compagnie de Saint-Gobain S.A.
- Covestro AG
- Dunmore Corporation
- Gilsulate International, Inc.
- Huntsman Corporation
- ITW Insulation Systems
- Johns Manville Corporation
- Kingspan Group plc
- Knauf Insulation, Inc.
- Nmc SA
- Owens Corning
- Rochling Group
- Rockwool International A/S
- Sekisui Foam Australia
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 93 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 5.3 Billion |
Forecasted Market Value ( USD | $ 9.9 Billion |
Compound Annual Growth Rate | 8.1% |
Regions Covered | Global |