Commercial Insulation Market Research Report - Forecast to 2030

Global Commercial Insulation Market Research Report - by Type (Wraps/sheets, Coatings, Adhesives & Sealants), Application (Institutional, Hospitals, Office Buildings, Malls, Airports, Food & Beverages, Residential Buildings, General Commercial, Warehouses, Lodging), Region - Forecast till 2030

ID: MRFR/CnM/4217-CR | March 2018 | Region: Global | 199 Pages         

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Commercial Insulation Market

Commercial Insulation Market is projected to be worth USD 13 Billion by 2030, registering a CAGR of 6.1% during the forecast period (2022 - 2030).

Segmentation
Type Wraps/sheets Coatings Adhesives & Sealants
Application Institutional Hospitals Office Buildings Malls Airports Food & Beverages Residential Buildings General Commercial Warehouses Lodging
Key Players
Companies Profiled   M (U.S.)    Design Polymerics (U.S.)    Vimasco Corporation (U.S.)    Mon Eco Industries Inc. (U.S.)    Henry Company (U.S.)
Drivers
Market Driving Forces   Increasing demand for installation of commercial insulation is expected to influence the market growth
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Commercial Insulation Market Overview


Commercial Insulation Market is projected to be worth USD 13 Billion by 2030, registering a CAGR of 6.1% during the forecast period (2022 - 2030). Industrial insulation can be understood as a layer or coating of resistant material, a barrier to the targeted energy. It is used throughout the world in refineries, power generation plants, and manufacturing facilities, among many other industrial operations. The increased demand for power generation and construction industries has driven the market's growth. However, the concerns related to environmental and health hazards of insulation wool are likely to hinder the growth of the studied market.


The rising exploration and production activities in China, UAE, Indonesia, and the United States will likely provide opportunities for the industrial insulation market over the next five years. Asia-Pacific dominates the industrial insulation market, owing to increasing application in the region's construction and power generation sectors. The power generation industry stands to be the dominating segment, owing to stringent regulations mandating industrial insulation to conserve energy and achieve efficiency in operations. Calcium silicate is a major product that is one of the most widely used insulation materials in the power generation industry. It is used to insulate high-temperature pipes and equipment and fire endurance applications. In the power generation industry, industrial insulation help in covering a variety of equipment, such as steam pipes, heat storage tanks, and boilers.


Global Commercial Insulation Market Share, by Types 2017, (%)


 Commercial Insulation Market Share


Source: MRFR Report


Regional Analysis


Geographically, the global commercial insulation market is segmented into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. Among these regions, North America dominated the global market in terms of consumption and production in 2017 and is expected to retain its dominance through the forecast period. In terms of value, North America commercial insulation market is projected to reach USD 872.6 million by the end of 2024, growing at a CAGR of 5.39% through the forecast period. North America market is followed by Europe and Asia Pacific, respectively.


Segmentation


The global commercial insulation market is segmented into type, application, and region. On the basis of type, commercial insulation market is segmented into wraps/sheets, coatings, and adhesives & sealants. Wraps/sheets include aluminium foil laminate, multi-ply composite membrane, insulation jacketing tapes, polyethylene duct wrap, and others; Coating includes vapour barrier coatings, weather barrier coatings, condensation control coatings, and others; and Adhesives & Sealants includes PVC adhesives, polystyrene foam adhesives, waterbased insulation adhesives, and others. On the basis of application, market is segmented as institutional, hospitals, office buildings, malls, airports, food & beverages, residential buildings, general commercial, warehouses, lodging, and others. Based on region, the global market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.


Intended Audience



  • Commercial Insulation Manufacturers

  • Commercial insulation Suppliers

  • Commercial Insulation Contractors

  • Potential Investors

  • Nationalized Laboratories


Key Players


Some of the key players operating in the global commercial insulation market are 3M (U.S.), Design Polymerics (U.S.), Vimasco Corporation (U.S.), Mon Eco Industries Inc. (U.S.), Henry Company (U.S.), and Polyguard (U.S.) among others.Recent Development


Major market players located in the Asia-Pacific help the region and make it the largest and fastest-growing market for the construction and power generation industry. Market factors such as the increasing need for energy conservation and ensuring stringent regulatory norms by the International Green Construction Code (IgCC) standards are driving the industry insulation requirements in Asia-Pacific. The trends related to the increasing investments in the renewable energy sector in countries like Japan, India, China, and Indonesia are further driving the demand for industrial insulation in the region. Increasing investment in smart electricity grid networks and HVDC transmission further offers the industrial insulation market opportunities.


Geographic Analysis 


The report covers brief analysis of geographical region such as:




  • North America

    • Canada




  • Europe

    • Germany

    • France

    • Italy

    • Russia

    • Spain

    • Poland

    • Rest of Europe




  • Asia Pacific

    • China

    • India

    • Japan

    • Republic of Korea

    • Australia & New Zealand

    • ASEAN

    • Rest of Asia Pacific




  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America




  • The Middle East & Africa

    •  C.C

    •  Turkey

    •  Israel

    •  Egypt

    • North Africa

    • Rest of the Middle East & Africa




Key Findings


Market Research Future concludes that over the past few years, the global commercial insulation market has witnessed a moderate growth and as per the analysis, the market is likely to continue growing through the forecast period. The market growth is attributed towards the continuously increasing installation of commercial insulation in office buildings, malls, institutional, airports, general commercial buildings, hospitals, warehouses, and lodging. 


The report about Global Commercial Insulation Market by Market Research Future comprises extensive primary research, along with detailed analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro-economic and governing factors in the market. The report further provides detailed information about strategies used by top key players in the industry. It also conducts a broad study on different market segments and regions.



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: USD 13 Billion
  CAGR   6.1% (2022–2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units    Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   3M (U.S.), Design Polymerics (U.S.), Vimasco Corporation (U.S.), Mon Eco Industries Inc. (U.S.), Henry Company (U.S.), and Polyguard (U.S.) among others.
  Key Market Opportunities   Need of energy efficient insulation in commercial buildings to reduce carbon emission/greenhouse gas (GHG) effect.
  Key Market Drivers   Increasing demand for installation of commercial insulation is expected to influence the market growth


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Frequently Asked Questions (FAQ) :

Commercial Insulation Market is predicted to grow at 6.1% through forecast period of 2022-2030.

The forecast period for Commercial Insulation Market research report is 2022-2030.

Commercial Insulation Market is dominated by North America region.

The major players are 3M (U.S.), Design Polymerics (U.S.), Vimasco Corporation (U.S.), Mon Eco Industries Inc. (U.S.), Henry Company (U.S.), and Polyguard (U.S.) among others.