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Industrial Thermal Insulation - Market Analysis, Trends, and Forecasts

  • ID: 347944
  • Report
  • February 2020
  • Region: Global
  • 272 Pages
  • Global Industry Analysts, Inc
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Industrial Thermal Insulation market worldwide is projected to grow by US$3.6 Billion, driven by a compounded growth of 6.7%. Cellular Glass, one of the segments analyzed and sized in this study, displays the potential to grow at over 6.5%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$4 Billion by the year 2025, Cellular Glass will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 5.7% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$124.3 Million to the region's size and clout in the next 5 to 6 years. Over US$107.9 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Cellular Glass will reach a market size of US$190.1 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 9.8% over the next couple of years and add approximately US$971.3 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others,
  • 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 Oy AB
  • Pittsburgh Corning Corporation
  • PPG Industries
  • Promat International
  • Rockwool International A/S
  • Roxul, Inc.
  • Saint-Gobain
  • Sebald Isosysteme GmbH & Co KG
  • Skamol A/S
  • StyroChem International
  • Superglass Insulation Ltd.
  • The Dow Chemical Company
  • Unifrax LLC
  • URSA Insulation, S.A.
Note: Product cover images may vary from those shown
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II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

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

Global Competitor Market Shares

Industrial Thermal Insulation Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

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

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Industrial Thermal Insulation Market Share (in %) by Company: 2020 & 2025

Market Analytics

CANADA

JAPAN

CHINA

EUROPE

Market Facts & Figures

European Industrial Thermal Insulation Market: Competitor Market Share Scenario (in %) for 2020 & 2025

Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

Total Companies Profiled: 124

Note: Product cover images may vary from those shown
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