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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

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 (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 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.

Table Information