Industrial Thermal Insulation Market Research Report- Forecast to 2027

Industrial Thermal Insulation Market Research Report- by Material (Calcium Silicate, Mineral Fiber, Foamed Plastic, Perlite, Cellular Glass), End Use (Petrochemical & Refineries, Power Generation, Aerospace & Defense, Automotive) and Region- Forecast Till 2027

ID: MRFR/CnM/3447-HCR | February 2021 | Region: Global | 136 pages

Synopsis of Industrial Thermal Insulation Market:


Asia Pacific is expected to spearhead global growth with a healthy CAGR during the assessment period on account of rapid industrialization along with the continuous expansion of numerous end use industries such as automotive and power generation among others.

Industrial Thermal Insulation Market Estimated To Be Rigged With a Significant Growth By 2023. Insulation is classified as those material or combination of material which hinder the flow of heat energy to the environment. Industrial thermal insulation is used to perform various functions such as conserving heat by reducing heat loss or gain, facilitate temperature control of process, and improve operating efficiency of steam, power systems, and heating equipment found in industrial installations. Generally, temperature range for Industrial Thermal Insulation vary from -75 deg C to 815 deg C. All industrial applications below -75 deg C are referred as “cryogenic” and those above 815 deg C referred as “refractory”. They are further categorized into three segments namely low temperature, intermediate temperature, and high temperature thermal insulation. Low temperature thermal insulation is used for refrigeration, cold or chilled water application. Intermediate temperature used for hot water, steam condensate, and high temperature hot water application, and high temperature thermal insulation used for turbines, exhausts, boilers, incinerators, stacks, and breechings application. They possess excellent thermal resistance, low thermal conductivity, and high temperature durability which make them suitable for numerous end use industries such as power generation, petrochemical & refineries, automotive, aerospace & defense, and others.


As per our analysis, some of the important market factors and trends identified in the Industrial Thermal Insulation are, increasing awareness, rising consumption of insulation products, growing population. Additionally, expanding manufacturing activity due to increasing public and private investments in oil & gas, petrochemical, energy, and industrial sector is expected to fuel the demand for industrial thermal insulation. Moreover, increased focus of government on improving industrial output, development of special economic zones, industrial corridors, as well as subsidies and tax cuts for various manufacturing groups and industrial corporations is predicted to give a new momentum for the growth of market in the upcoming years. Furthermore, rising demand in industrial refrigeration to prevent condensation and development in high temperature insulation wools is predicted to propel the growth of the market during the review period, (2016 to 2023).


The Global Industrial Thermal Insulation Market Share by End Use (2016), (%):Industrial Thermal Insulation Market


Regional Analysis:


The Global Industrial Thermal Insulation Market is spanned across five regions, Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, The demand for Industrial Thermal Insulation is estimated to surge in various countries of Asia Pacific such as China, Japan, India, South Korea, Vietnam, and Malaysia owing to the increasing consumer base as well as encouraging government regulations. Furthermore, growing urbanization, availability of inexpensive raw material, labor & land, and soberly stringent regulatory framework are some of the important driving factors for the regional growth of Industrial Thermal Insulation Market over the forecast period.


North America emerged as the largest market for Industrial Thermal Insulation followed by Europe and Asia Pacific. North America market is predicted to witness a significant growth due to increased demand from aerospace & defense. The U.S and Canada are among the major contributors in the regional market growth owing to strong growth in defense sector. Europe is estimated to witness a substantial growth in Industrial Thermal Insulation Market due to strong consumer base for numerous end use industries coupled with the huge investments to revitalize chemical process sector over the forecast period. European countries such as the U.K, France, Poland, Germany, Russia, Spain, and Italy have emerged as the major contributors in the regional Industrial Thermal Insulation Market growth and is estimated to continue their dominance during the review period on account of wide utilization of thermal insulation in automotive and petrochemical sector. In Latin America, countries such as Mexico and Brazil are the major regional market contributor due to strong growth in automotive sector. The Middle East & Africa is estimated to witness significant growth over the forecast period 2016-2023. Kuwait, Iran, Qatar, Oman, Saudi Arabia, and the United Arab Emirates (UAE) are among the key contributors in the regional market growth due to the strong presence of oil & gas and petrochemical sector.


Segmentation:


The Global Industrial Thermal Insulation Market is categorized on the basis of material, end use, and region. On the basis of material, the market is segmented into calcium silicate, mineral fiber, foamed plastic, perlite, cellular glass, and others. On the basis of end use, the market is categorized into petrochemical & refineries, power generation, aerospace & defense, automotive, and others. On the basis of region, the market is classified into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.


Key Players:


Some of the prominent players operating in the Global Industrial Thermal Insulation Market are ROCKWOOL Technical Insulation (Denmark), 3M (U.S.), Paroc Group (Finland), TechnoNICOL Corporation (Russia), NICHIAS Corporation.(Japan), Pittsburgh Corning Corporation (U.S.), Evonik Industries AG (Germany), Armacell Enterprise GmbH & Co. KG (Germany), BASF SE (Germany),  Cabot Corporation (U.S.) among others.


Geographical Analysis:


The report covers brief analysis of geographical regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.


Intended Audience



  • Industrial Thermal Insulation Manufacturers

  • Traders and Distributors of Industrial Thermal Insulation

  • Production Process Industries

  • Potential Investors

  • Raw Material Suppliers

  • Nationalized Laboratory



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant value
  CAGR   2019–2027: Substantial CAGR
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Material, End-Use Industry and Region
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   ROCKWOOL Technical Insulation (Denmark), 3M (U.S.), Paroc Group (Finland), TechnoNICOL Corporation (Russia), NICHIAS Corporation.(Japan), Pittsburgh Corning Corporation (U.S.), Evonik Industries AG (Germany), Armacell Enterprise GmbH & Co. KG (Germany), BASF SE (Germany), Cabot Corporation (U.S.) among others.
  Key Market Opportunities   Reducing heat loss or gain, facilitate temperature control of process, and improve operating efficiency of steam, power systems, and heating equipment found in industrial installations.
  Key Market Drivers   Increasing awareness, rising consumption of insulation products, growing population.


Frequently Asked Questions (FAQ) :


The major end use segments of the industrial thermal insulation market are petrochemical and refineries and power generation.

The growing awareness about the importance of thermal insulation for safety purposes is the major driver for the global industrial thermal insulation market.

North America is the major regional market for industrial thermal insulation due to the growing petrochemical industry in countries such as the U.S.

Asia Pacific is likely to exhibit the highest CAGR in the global industrial thermal insulation market over the forecast period.

Leading players in the industrial thermal insulation market include Cabot Corporation, BASF, Pittsburgh Corning Corporation, NICHIAS Corporation, Evonik Industries AG, 3M, and Paroc Group.

Table of Contents:

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining Power of Buyers

4.1.3 Threat of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain of Global Industrial Thermal Insulation Market

5 Industry Overview of Global Industrial Thermal Insulation Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

7. Global Industrial Thermal Insulation Market by Material

7.1 Introduction

7.2 Calcium Silicate

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Mineral Fiber

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.4 Foamed Plastic

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Region, 2020-2027

7.5 Perlite

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast by Region, 2020-2027

7.6 Cellular Glass

7.6.1 Market Estimates & Forecast, 2020-2027

7.6.2 Market Estimates & Forecast by Region, 2020-2027

7.7 Others

7.7.1 Market Estimates & Forecast, 2020-2027

7.7.2 Market Estimates & Forecast by Region, 2020-2027

8. Global Industrial Thermal Insulation Market by End Use

8.1 Introduction

8.2 Petrochemical & Refineries

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 Power Generation

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

8.4 Aerospace & Defense

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Region, 2020-2027

8.5 Automotive

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Region, 2020-2027

8.6 Others

8.6.1 Market Estimates & Forecast, 2020-2027

8.6.2 Market Estimates & Forecast by Region, 2020-2027

9. Global Industrial Thermal Insulation Market by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast by Material, 2020-2027

9.2.3 Market Estimates & Forecast by End Use, 2020-2027

9.2.4 U.S.

9.2.4.1 Market Estimates & Forecast, 2020-2027

9.2.4.2 Market Estimates & Forecast by Material, 2020-2027

9.2.4.3 Market Estimates & Forecast by End Use, 2020-2027

9.2.5 Mexico

9.2.5.1 Market Estimates & Forecast, 2020-2027

9.2.5.2 Market Estimates & Forecast by Material, 2020-2027

9.2.5.3 Market Estimates & Forecast by End Use, 2020-2027

9.2.6 Canada

9.2.6.1 Market Estimates & Forecast, 2020-2027

9.2.6.2 Market Estimates & Forecast by Material, 2020-2027

9.2.6.3 Market Estimates & Forecast by End Use, 2020-2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by Material, 2020-2027

9.3.3 Market Estimates & Forecast by End Use, 2020-2027

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2020-2027

9.3.4.2 Market Estimates & Forecast by Material, 2020-2027

9.3.4.3 Market Estimates & Forecast by End Use, 2020-2027

9.3.5. France

9.3.5.1 Market Estimates & Forecast, 2020-2027

9.3.5.2 Market Estimates & Forecast by Material, 2020-2027

9.3.5.3 Market Estimates & Forecast by End Use, 2020-2027

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2020-2027

9.3.6.2 Market Estimates & Forecast by Material, 2020-2027

9.3.6.3 Market Estimates & Forecast by End Use, 2020-2027

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, 2020-2027

9.3.7.2 Market Estimates & Forecast by Material, 2020-2027

9.3.7.3 Market Estimates & Forecast by End Use, 2020-2027

9.3.8 U.K

9.3.8.1 Market Estimates & Forecast, 2020-2027

9.3.8.2 Market Estimates & Forecast by Material, 2020-2027

9.3.8.3 Market Estimates & Forecast by End Use, 2020-2027

9.4 Asia Pacific

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast by Material, 2020-2027

9.4.3 Market Estimates & Forecast by End Use, 2020-2027

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2020-2027

9.4.4.2 Market Estimates & Forecast by Material, 2020-2027

9.4.4.3 Market Estimates & Forecast by End Use, 2020-2027

9.4.5 India

9.4.5.1 Market Estimates & Forecast, 2020-2027

9.4.5.2 Market Estimates & Forecast by Material, 2020-2027

9.4.5.3 Market Estimates & Forecast by End Use, 2020-2027

9.4.6 Japan

9.4.6.1 Market Estimates & Forecast, 2020-2027

9.4.6.2 Market Estimates & Forecast by Material, 2020-2027

9.4.6.3 Market Estimates & Forecast by End Use, 2020-2027

9.4.7 Australia

9.4.7.1 Market Estimates & Forecast, 2020-2027

9.4.7.2 Market Estimates & Forecast by Material, 2020-2027

9.4.7.3 Market Estimates & Forecast by End Use, 2020-2027

9.4.8 New Zealand

9.4.8.1 Market Estimates & Forecast, 2020-2027

9.4.8.2 Market Estimates & Forecast by Material, 2020-2027

9.4.8.3 Market Estimates & Forecast by End Use, 2020-2027

9.4.9 Rest of Asia Pacific

9.4.9.1 Market Estimates & Forecast, 2020-2027

9.4.9.2 Market Estimates & Forecast by Material, 2020-2027

9.4.9.3 Market Estimates & Forecast by End Use, 2020-2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast by Material, 2020-2027

9.5.3 Market Estimates & Forecast by End Use, 2020-2027

9.5.4 Turkey

9.5.4.1 Market Estimates & Forecast, 2020-2027

9.5.4.2 Market Estimates & Forecast by Material, 2020-2027

9.5.4.3 Market Estimates & Forecast by End Use, 2020-2027

9.5.5 Israel

9.5.5.1 Market Estimates & Forecast, 2020-2027

9.5.5.2 Market Estimates & Forecast by Material, 2020-2027

9.5.5.3 Market Estimates & Forecast by End Use, 2020-2027

9.5.6 North Africa

9.5.6.1 Market Estimates & Forecast, 2020-2027

9.5.6.2 Market Estimates & Forecast by Material, 2020-2027

9.5.6.3 Market Estimates & Forecast by End Use, 2020-2027

9.5.7 GCC

9.5.7.1 Market Estimates & Forecast, 2020-2027

9.5.7.2 Market Estimates & Forecast by Material, 2020-2027

9.5.7.3 Market Estimates & Forecast by End Use, 2020-2027

9.5.8 Rest of the Middle East & Africa

9.5.8.1 Market Estimates & Forecast, 2020-2027

9.5.8.2 Market Estimates & Forecast by Material, 2020-2027

9.5.8.3 Market Estimates & Forecast by End Use, 2020-2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020-2027

9.6.2 Market Estimates & Forecast by Material, 2020-2027

9.6.3 Market Estimates & Forecast by End Use, 2020-2027

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2020-2027

9.6.4.2 Market Estimates & Forecast by Material, 2020-2027

9.6.4.3 Market Estimates & Forecast by End Use, 2020-2027

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2020-2027

9.6.5.2 Market Estimates & Forecast by Material, 2020-2027

9.6.5.3 Market Estimates & Forecast by End Use, 2020-2027

9.6.6 Rest of Latin America

9.6.6.1 Market Estimates & Forecast, 2020-2027

9.6.6.2 Market Estimates & Forecast by Material, 2020-2027

9.6.6.3 Market Estimates & Forecast by End Use, 2020-2027

10. Company Landscape

11. Company Profiles

11.1 ROCKWOOL Technical Insulation

11.1.1 Company Overview

11.1.2 Product/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 3M

11.2.1 Company Overview

11.2.2 Product/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 Paroc Group

11.3.1 Company Overview

11.3.2 Product/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 TechnoNICOL Corporation

11.4.1 Company Overview

11.4.2 Product/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 NICHIAS Corporation.

11.5.1 Company Overview

11.5.2 Product/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.6 Pittsburgh Corning Corporation

11.6.1 Company Overview

11.6.2 Product/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.7 Evonik Industries AG

11.7.1 Company Overview

11.7.2 Product/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.8 Armacell Enterprise GmbH & Co. KG

11.8.1 Company Overview

11.8.2 Product/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.9 BASF SE

11.9.1 Company Overview

11.9.2 Product/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.10 Cabot Corporation

11.10.1 Company Overview

11.10.2 Product/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

12. Conclusion

List of Tables:

Table 1 World Population by Major Regions (2020-2027)

Table 2 Global Industrial Thermal Insulation Market: By Region, 2020-2027

Table 3 North America Industrial Thermal Insulation Market: By Country, 2020-2027

Table 4 Europe Industrial Thermal Insulation Market: By Country, 2020-2027

Table 5 Asia-Pacific Industrial Thermal Insulation Market: By Country, 2020-2027

Table 6 Middle East & Africa Industrial Thermal Insulation Market: By Country, 2020-2027

Table 7 Latin America Industrial Thermal Insulation Market: By Country, 2020-2027

Table 8 Global Industrial Thermal Insulation by Material Market: By Regions, 2020-2027

Table 9 North America Industrial Thermal Insulation by Material Market: By Country, 2020-2027

Table 10 Europe Industrial Thermal Insulation by Material Market: By Country, 2020-2027

Table11 Asia-Pacific Industrial Thermal Insulation by Material Market: By Country, 2020-2027

Table12 Middle East & Africa Industrial Thermal Insulation by Material Market: By Country, 2020-2027

Table13 Latin America Industrial Thermal Insulation by Material Market: By Country, 2020-2027

Table14 North America Industrial Thermal Insulation for End Use Market: By Country, 2020-2027

Table15 Europe Industrial Thermal Insulation for End Use Market: By Country, 2020-2027

Table16 Asia-Pacific Industrial Thermal Insulation for End Use Market: By Country, 2020-2027

Table17 Middle East & Africa Industrial Thermal Insulation for End Use Market: By Country, 2020-2027

Table18 Latin America Industrial Thermal Insulation for End Use Market: By Country, 2020-2027

Table 19 Global Material Market: By Region, 2020-2027

Table 20 Global End Use Market: By Region, 2020-2027

Table 21 North America Industrial Thermal Insulation Market, By Country

Table 22 North America Industrial Thermal Insulation Market, By Material

Table 23 North America Industrial Thermal Insulation Market, By End Use

Table24 Europe: Industrial Thermal Insulation Market, By Country

Table25 Europe: Industrial Thermal Insulation Market, By Material

Table 26 Europe: Industrial Thermal Insulation Market, By End Use

Table 27 Asia-Pacific: Industrial Thermal Insulation Market, By Country

Table 28 Asia-Pacific: Industrial Thermal Insulation Market, By Material

Table 29 Asia-Pacific: Industrial Thermal Insulation Market, By End Use

Table 30 Middle East & Africa: Industrial Thermal Insulation Market, By Country

Table 31 Middle East & Africa Industrial Thermal Insulation Market, By Material

Table 32 Middle East & Africa: Industrial Thermal Insulation Market, By End Use

Table 33 Latin America: Industrial Thermal Insulation Market, By Country

Table 34 Latin America Industrial Thermal Insulation Market, By Material

Table 35 Latin America: Industrial Thermal Insulation Market, By End Use

List of Figures:

FIGURE 1 Global Industrial Thermal Insulation Market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Industrial Thermal Insulation Market

FIGURE 4 Value Chain of Global Industrial Thermal Insulation Market

FIGURE 5 Share of Global Industrial Thermal Insulation Market in 2020, by country (in %)

FIGURE 6 Global Industrial Thermal Insulation Market, 2020-2027,

FIGURE 7 Sub segments of Material

FIGURE 8 Global Industrial Thermal Insulation Market size by Material, 2020

FIGURE 9 Share of Global Industrial Thermal Insulation Market by Material, 2020-2027

FIGURE 10 Sub segments of End Use

FIGURE 11 Global Industrial Thermal Insulation Market size by End Use, 2020

FIGURE 12 Share of Global Industrial Thermal Insulation Market by End Use, 2020-2027