MRFR Press Release - Market Research Future Published a Half-Cooked Research Report on Global Industrial Thermal Insulation Market. The Industrial Thermal Insulation Market was valued at USD 2.58 billion in 2022 and is expected to grow to approximately USD 3.74 billion by 2030, registering a compound annual growth rate (CAGR) of 4.77% from 2023 to 2030.

MRFR recognizes the following companies as the key players in the global Industrial Thermal Insulation Market — Rockwool Insulation, Poroc Group, Knauf Insulation, TechnoNICOL Corporation, Anco Products Inc, Aspen Aerogels Inc, Cabot Corporation, Morgan Advanced Materials, Unifrax, and RATH Group

Industrial Thermal Insulation Market Synopsis

The industrial thermal insulation market refers to the industry involved in providing materials and solutions to prevent or reduce the transfer of heat energy in industrial processes, equipment, and structures. Thermal insulation is essential in various industries to enhance energy efficiency, maintain stable operating temperatures, and protect personnel and equipment from extreme heat or cold conditions.

Segment Analysis

The global Industrial Thermal Insulation Market has been segmented based on Material, and End-user.

The market segmentation, based on Material, includes Calcium Silicate, Mineral Fiber, Foamed Plastic, Perlite, and Cellular Glass. The Calcium Silicate segment may dominate the market. As it is preferred as a replacement for asbestos for high-temperature insulation due to its superior infrared radiation barrier. Common uses for calcium silicate include industrial-grade machinery and pipes for high temperatures.

Based on End-user, the market segmentation includes Petrochemicals & Refineries, Power Generation, Aerospace & Defense, Automotive, and Others. The Petrochemical & Refineries application is holding the largest market share. The petrochemical and refineries industry involves the production of chemicals, fuels, and other materials from crude oil and natural gas. This industry is characterized by high-temperature operations and requires insulation solutions that can withstand extreme temperatures, prevent heat loss, and enhance energy efficiency.

Regional Analysis

The global Industrial Thermal Insulation Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. the Asia Pacific region dominates the Market in terms of both demand and revenue. The Asia Pacific region comprises countries such as China, Japan, India, South Korea, and Australia, among others. The region is witnessing significant industrial growth, driven by increasing investments in the manufacturing sector, rising infrastructure development, and favorable government initiatives. Moreover, the region has a large industrial base, including the petrochemical and refineries, power generation, and chemical industries, which are the primary end-users of industrial thermal insulation. The increasing demand for energy-efficient and sustainable operations in these industries is driving the growth of the market in the region.

North America has a well-developed industrial sector, and energy efficiency has been a significant focus due to environmental concerns. The United States and Canada have seen consistent demand for industrial thermal insulation in industries such as manufacturing, petrochemicals, and power generation. 

Europe places a strong emphasis on environmental sustainability, and as a result, energy-efficient practices and products, including thermal insulation, are highly valued. Industries in countries like Germany, France, and the United Kingdom have been adopting insulation technologies to meet regulatory standards and reduce energy consumption. 

Latin American countries have been gradually recognizing the importance of energy efficiency and environmental protection. Industries in countries like Brazil and Mexico have shown interest in adopting thermal insulation solutions, but the pace of adoption might vary based on economic conditions.

Key Findings of the Study

• The global Industrial Thermal Insulation Market is expected to reach USD 3.74 Billion by 2030, at a CAGR of 4.77% during the forecast period.


• the Asia Pacific region dominates the Market in terms of both demand and revenue. The Asia Pacific region comprises countries such as China, Japan, India, South Korea, and Australia, among others.


• The market segmentation, based on Material, includes Calcium Silicate, Mineral Fiber, Foamed Plastic, Perlite, and Cellular Glass. The Calcium Silicate segment may dominate the market. As it is preferred as a replacement for asbestos for high-temperature insulation due to its superior infrared radiation barrier.


• Rockwool Insulation, Poroc Group, Knauf Insulation, TechnoNICOL Corporation, Anco Products Inc, Aspen Aerogels Inc, Cabot Corporation, Morgan Advanced Materials, Unifrax, and RATH Group

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