$9.9 Billion Industrial Thermal Insulation Market Outlook, 2027

DUBLIN, July 28, 2020 /PRNewswire/ -- The "Industrial Thermal Insulation - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to this 16th edition of the report. The 376-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Industrial Thermal Insulation Market to Reach $9.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Industrial Thermal Insulation estimated at US$6.7 Billion in the year 2020, is projected to reach a revised size of US$9.9 Billion by 2027, growing at a CAGR of 5.8% over the analysis period 2020-2027.

Cellular Glass, one of the segments analyzed in the report, is projected to record a 5.7% CAGR and reach US$4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Calcium Silicate segment is readjusted to a revised 5.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 8.9% CAGR

The Industrial Thermal Insulation market in the U.S. is estimated at US$1.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2027 trailing a CAGR of 8.8% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

Mineral Fiber Segment to Record 6.4% CAGR

In the global Mineral Fiber segment, USA, Canada, Japan, China and Europe will drive the 5.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.1 Billion in the year 2020 will reach a projected size of US$1.6 Billion by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.3 Billion by the year 2027, while Latin America will expand at a 7.6% CAGR through the analysis period.

Key Topics Covered

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

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
• Impact of COVID-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

• 3M Company (USA)
• Armacell International SA (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 Dmmstoffe 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, SA (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

IV. COMPETITION

• Total Companies Profiled: 124

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