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
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Table of Contents
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
Report Attribute | Details |
---|---|
No. of Pages | 314 |
Published | March 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 2.4 Billion |
Forecasted Market Value ( USD | $ 3.5 Billion |
Compound Annual Growth Rate | 4.8% |
Regions Covered | Global |