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Industrial Thermal Insulation - Global Strategic Business Report

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    Report

  • 314 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 347944

Global Industrial Thermal Insulation Market to Reach $3.5 Billion by 2030

The global market for Industrial Thermal Insulation estimated at US$2.4 Billion in the year 2022, is projected to reach a revised size of US$3.5 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2022-2030. Mineral Wool, one of the segments analyzed in the report, is projected to record a 4.9% CAGR and reach US$1.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Calcium Silicate segment is readjusted to a revised 3.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $666 Million, While China is Forecast to Grow at 7.6% CAGR

The Industrial Thermal Insulation market in the U.S. is estimated at US$666 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$736.6 Million by the year 2030 trailing a CAGR of 7.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$466.3 Million by the year 2030.

Select Competitors (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 Dämmstoffe 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.


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
Frequently Asked Questions about the Global Market for Industrial Thermal Insulation

What is the estimated value of the Global Market for Industrial Thermal Insulation?

The Global Market for Industrial Thermal Insulation was estimated to be valued at $2.4 Billion in 2022.

What is the growth rate of the Global Market for Industrial Thermal Insulation?

The growth rate of the Global Market for Industrial Thermal Insulation is 4.8%, with an estimated value of $3.5 Billion by 2030.

What is the forecasted size of the Global Market for Industrial Thermal Insulation?

The Global Market for Industrial Thermal Insulation is estimated to be worth $3.5 Billion by 2030.

Who are the key companies in the Global Market for Industrial Thermal Insulation?

Key companies in the Global Market for Industrial Thermal Insulation include 3M Company, Armacell International S.A., BASF Polyurethanes GmbH, BNZ Materials, Inc., Cabot Corporation, CECA, Cellofoam North America, Inc., CertainTeed Corporation, ContiTech AG and DBW Advanced Fiber Technologies GmbH.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Thermal Insulation: An Apt Solution for Conserving Energy, Preserving Environment, and Reducing Energy Spend
  • Growth Drivers in a Nutshell
  • Recent Market Activity
  • The Critical Nature of Industrial Insulation in Safeguarding System Performance:
  • Insulating Hot Pipes for Enhanced Efficiency and Safety
  • Maintain Desirable Temperature
  • Handling Temperature-Sensitive Tanks
  • Blankets for Equipment Insulation
  • Prevent Noise Pollution
  • Protecting Cooling Ducts from Radiant Heat
  • Protecting Sensitive Electronics
  • Safeguarding Metal Structures
  • Global Market Outlook
  • Resurgence in Growth Fundamentals Portends an Optimistic Market Outlook
  • Industrial Thermal Insulation - Global Key Competitors Percentage Market Share in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
  • 3M Company (USA)
  • Armacell International S.A. (Luxembourg)
  • BASF Polyurethanes GmbH (Germany)
  • BNZ Materials, Inc. (USA)
  • Cabot Corporation (USA)
  • CECA (France)
  • Cellofoam North America, Inc. (USA)
  • ContiTech AG (Germany)
  • DBW Advanced Fiber Technologies GmbH (Germany)
  • Evonik Industries AG (Germany)
  • Flumroc AG (Switzerland)
  • G+H Isolierung GmbH (Germany)
  • GAF (USA)
  • Glava A/S (Norway)
  • Huntsman Corporation (USA)
  • Insulcon Group (Belgium)
  • Isolatek International, Inc. (USA)
  • Johns Manville (USA)
  • Industrial Insulation Group LLC (USA)
  • Kingspan Group plc (Ireland)
  • Knauf Insulation Ltd. (UK)
  • Knauf Insulation GmbH (Germany)
  • L'ISOLANTE K-FLEX (Italy)
  • Meisei Industrial Co. Ltd. (Japan)
  • MERSEN SA (France)
  • Morgan Advanced Materials (UK)
  • Morgan Advanced Materials Porextherm Dämmstoffe GmbH (Germany)
  • Owens Corning (USA)
  • Pittsburgh Corning Corporation (USA)
  • Pacor, Inc. (USA)
  • Paroc Oy AB (Finland)
  • PPG Industries (USA)
  • Promat International (Belgium)
  • Rockwool International A/S (Denmark)
  • Roxul, Inc. (Canada)
  • Saint-Gobain (France)
  • CertainTeed Corporation (USA)
  • Sebald Isosysteme GmbH & Co KG (Germany)
  • Skamol A/S (Denmark)
  • StyroChem International (USA)
  • Superglass Insulation Ltd. (UK)
  • The Dow Chemical Company (USA)
  • Unifrax LLC (USA)
  • URSA Insulation, S.A (Spain)
3. MARKET TRENDS & DRIVERS
  • Fibrous Insulation Materials: The Largest Market Segment
  • Cellular Insulation Materials Drive Market Growth
  • Surging Demand for High Temperature Insulation Materials from Various Sectors Drive Healthy Market Growth
  • The Energy Efficiency Attribute of HTI Drives Market Gains
  • End-users Switch from Synthetic RCF to Bio-based Insulation Materials
  • Temperature Resistant Properties of High-Temperature Insulation Wools Spur Demand
  • Growing Demand for High Temperature Insulation in Oil and Gas Production
  • Other Important Application Sectors for High Temperature Insulation
  • Spiraling Energy Consumption and the Resulting Need to Safeguard Global Climate Drives Market Adoption
  • Stringent Environmental Regulations Foster Growth Opportunities
  • Growing Popularity of Advanced Insulation Materials Benefit Market Expansion
  • Aerogels Usage in Industrial Thermal Insulation Hindered by High Production Costs
  • Myriad Benefits of Mechanical Insulation Drive Widespread Adoption
  • Mechanical Insulation: Challenges and Opportunities
  • Efficiency in Addressing Thermal Issues, Filtration Challenges, and Noise Reduction Drive Demand in Automobiles Manufacturing
  • Growing Passenger Cars and Commercial Vehicles Production: Important Opportunity Indicators
  • Non-Wovens Rapidly Gaining Traction in Automotive Insulation Applications
  • Spray-on Thermal Insulation Coatings SuiTable for Heavy Duty Vehicles
  • Need to Prevent Condensation and Minimize Unwanted Heat Boosts Demand in Industrial Refrigeration
  • Increasing Aircraft Deliveries and Prominence of Lightweight Insulation Materials Drive Demand in the Aerospace Sector
  • Usage of Recycled Raw Materials Increasing
  • Recycled Consumer Glass for Production of Glass Wool
  • Growing Need to Preserve Food and Development of Cold Chains Drive Demand for Cold Insulation Materials
  • Robust Power Generation Activity Fuels Demand for Thermal Insulation
  • Rise in the Number of Nuclear Power Plants Signals Opportunities
  • Thermal Insulation Coatings for Solar Power Plants
  • Shale Gas Extraction and Transport Promises Bright Prospects for Thermal Insulation Materials
  • Corrosion under Insulation (CUI): A Critical Problem with Thick Insulation
  • Natural Insulation Products: A Market Niche in the Making
  • Vacuum Thermal Insulation Gains Ground in Industrial Applications, Bodes Well for the Market
  • Superior Thermal Performance Spurs Demand for Vacuum Insulation Panels (VIPs)
  • VIPs for Enhanced Thermal Insulation
  • Key Challenges
  • Increasing Focus on Machine Condition Monitoring Fuels Replacement Demand for Insulation
  • Developed Regions: Primary Revenue Contributors
  • Developing Countries Continue to Offer Significant Growth Opportunities
  • Thermal Insulation to Improve Energy Efficiency in Developing Countries
  • New Bottles for Old Wines: Refurbishments Offer Strong Growth Prospects
  • Bright Prospects for Foamed Plastics
  • Rising Insulation Needs in Electrical Appliances Spurs Demand for Polyurethanes
  • Fiber Glass: An IrrefuTable Necessity for LNG Conversion Plant Insulation
  • Emergence of Eco-Friendly Alternatives
  • Competition from Substitutes
  • Risks Associated With Fiberglass Usage
  • Microporous Insulation Fast Gaining Ground in Industrial Sectors
  • THERMAL INSULATION INNOVATIONS & ADVANCEMENTS
  • Phase Change Materials (PCMs): Smart Materials for Thermal Insulation Application
  • CV Technology for Lowering Carbon Emissions
  • Insulation Jackets with Sensors for Accurate Energy Savings Verification of Pipe Insulations
  • Filler Materials for Enhancing Performance of Aluminum Silicate Heat Insulation
  • Foamglas® Insulation for Hot-Oil Systems for Preventing Insulation-Induced Fire Hazards
  • Select Nex-Gen Thermal Insulation Materials
  • Vacuum Insulation Materials (VIMs)
  • Gas Insulation Materials (GIMs)
  • Dynamic Insulation Materials (DIMs)
  • Nano Insulation Materials (NIMs)
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Industrial Thermal Insulation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Industrial Thermal Insulation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Industrial Thermal Insulation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Calcium Silicate by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Calcium Silicate by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 6: World 16-Year Perspective for Calcium Silicate by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Foamed Plastic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for Foamed Plastic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 9: World 16-Year Perspective for Foamed Plastic by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Other Materials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Other Materials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 12: World 16-Year Perspective for Other Materials by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Power Generation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Power Generation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 15: World 16-Year Perspective for Power Generation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 17: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 18: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Mineral Wool by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 20: World Historic Review for Mineral Wool by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 21: World 16-Year Perspective for Mineral Wool by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Chemical & Petrochemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 23: World Historic Review for Chemical & Petrochemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 24: World 16-Year Perspective for Chemical & Petrochemical by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 26: World Historic Review for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 27: World 16-Year Perspective for Oil & Gas by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 28: World Recent Past, Current & Future Analysis for Food & Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 29: World Historic Review for Food & Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 30: World 16-Year Perspective for Food & Beverage by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 31: World Industrial Thermal Insulation Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Industrial Thermal Insulation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
CANADA
JAPAN
  • Industrial Thermal Insulation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
  • Industrial Thermal Insulation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
EUROPE
  • Industrial Thermal Insulation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCE
  • Industrial Thermal Insulation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
GERMANY
  • Industrial Thermal Insulation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
ITALY
UNITED KINGDOM
  • Industrial Thermal Insulation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Industrial Thermal Insulation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
AUSTRALIA
  • Industrial Thermal Insulation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
INDIA
  • Industrial Thermal Insulation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Industrial Thermal Insulation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Industrial Thermal Insulation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Industrial Thermal Insulation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 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 Dämmstoffe 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.