Global Industrial Insulation Market Size study & Forecast, by Material, by Form, by End-use Industry and Regional Analysis, 2023-2030

Description

List of Tables

Global Industrial Insulation Market is valued at approximately USD 8.20 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.1% over the forecast period 2023-2030. Industrial insulation refers to the practice of insulating various components and systems within industrial settings to improve energy efficiency, control temperature, reduce heat transfer, prevent condensation, and enhance safety. It involves the installation of insulating materials on surfaces such as pipes, tanks, boilers, ducts, and equipment in industrial facilities such as factories, power plants, refineries, and chemical processing plants. The Industrial Insulation market is expanding because of factors such as the increasing usage of oil and gas and the rising demand for petrochemicals. By reducing thermal conductivity, insulation helps maintain stable temperatures within industrial processes, improving efficiency and reducing the need for excessive heating or cooling. Its importance has progressively increased during the forecast period 2023-2030.

Oil and gas play a vital role in producing insulation materials with high thermal resistance. These materials help industries conserve energy by reducing heat transfer between hot and cold surfaces. By minimizing heat loss or gain, industrial processes become more energy-efficient, leading to cost savings and reduced environmental impact According to Statista, Sinopec China Petroleum & Chemical Corporation is the world's largest oil and gas firm in terms of revenue. The Chinese state-owned firm made USD 372.5 billion in revenue in fiscal year 2022. Furthermore, ExxonMobil has the world's largest market capitalization of any oil and gas producer. The company's market capitalization was USD 352.79 billion in 2023. Another important factor that drives the Industrial Insulation market is the increasing demand for petrochemicals. Industrial insulation in the petrochemical industry plays a crucial role in maintaining the efficiency, safety, and environmental sustainability of various processes. In addition, as per Statista, Petrochemicals had a global market value of USD 584.5 billion in 2022, reflecting a 5% rise over the previous year. This is expected to rise to more than a trillion dollars by 2030. Moreover, rising technological advancement in industrial insulation and a growing number of populations are anticipated to create lucrative growth opportunities for the market over the forecast period. However, the high cost associated with the installation of insulating materials and technical complexity stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Industrial Insulation Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the rapid growth in the automotive, construction, and telecommunications sectors in the region and the implementation of stricter environmental regulations. Furthermore, Europe is expected to grow significantly during the forecast period, owing to factors such as strict codes and laws effectuated by the European regulatory authorities that have increased awareness about rising energy costs and the need for energy efficiency.

Major market player included in this report are:

Johns Manville
Rockwool group
Saint Gobain
BASF SE
Polyguard Products, Inc
Nichias Corporation
Cabot Corporation
Knauf Insulation
Kingspan Group PLC
Armacell International SA

Recent Developments in the Market:

In April 2022, Saint-Gobain invested around USD 32 million to boost production capacity by 13% while reducing the carbon impact of its CertainTeed insulation plant in California, USA. The Chowchilla investments were first announced in November as part of a larger USD 400 million expansion of Saint-Gobain's manufacturing facilities in the United States, just months after the company imposed its global Grow and Impact strategy, which includes expanding its presence in key high-growth markets while reducing its environmental footprint.

Global Industrial Insulation Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Material, Form, End-use Industry, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Material

Mineral Wool
Plastic Foam
Others

By Form

Pipe
Blanket
Board
Others

By End-use Industry

Power
Oil and Gas
Chemical and Petrochemical
Cement
Food and Beverage
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Industrial Insulation Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Industrial Insulation Market, by Material, 2020-2030 (USD Billion)
- 1.2.3. Industrial Insulation Market, by Form, 2020-2030 (USD Billion)
- 1.2.4. Industrial Insulation Market, by End-use Industry, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Industrial Insulation Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Industrial Insulation Market Dynamics

3.1. Industrial Insulation Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing usage of oil and gas
  - 3.1.1.2. Rising demand for petrochemicals
- 3.1.2. Market Challenges
  - 3.1.2.1. High cost associated with installation of insulating materials
  - 3.1.2.2. Technical complexity
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rising technological advancement in industrial insulation
  - 3.1.3.2. Growing number of populations

Chapter 4. Global Industrial Insulation Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Industrial Insulation Market, by Material

5.1. Market Snapshot
5.2. Global Industrial Insulation Market by Material, Performance - Potential Analysis
5.3. Global Industrial Insulation Market Estimates & Forecasts by Material 2020-2030 (USD Billion)
5.4. Industrial Insulation Market, Sub Segment Analysis
- 5.4.1. Mineral Wool
- 5.4.2. Plastic Foam
- 5.4.3. Others

Chapter 6. Global Industrial Insulation Market, by Form

6.1. Market Snapshot
6.2. Global Industrial Insulation Market by Form, Performance - Potential Analysis
6.3. Global Industrial Insulation Market Estimates & Forecasts by Form 2020-2030 (USD Billion)
6.4. Industrial Insulation Market, Sub Segment Analysis
- 6.4.1. Pipe
- 6.4.2. Blanket
- 6.4.3. Board
- 6.4.4. Others

Chapter 7. Global Industrial Insulation Market, by End-use Industry

7.1. Market Snapshot
7.2. Global Industrial Insulation Market by End-use Industry, Performance - Potential Analysis
7.3. Global Industrial Insulation Market Estimates & Forecasts by End-use Industry 2020-2030 (USD Billion)
7.4. Industrial Insulation Market, Sub Segment Analysis
- 7.4.1. Power
- 7.4.2. Oil and Gas
- 7.4.3. Chemical and Petrochemical
- 7.4.4. Cement
- 7.4.5. Food and Beverage
- 7.4.6. Others

Chapter 8. Global Industrial Insulation Market, Regional Analysis

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Industrial Insulation Market, Regional Market Snapshot
8.4. North America Industrial Insulation Market
- 8.4.1. U.S. Industrial Insulation Market
  - 8.4.1.1. Material breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2. Form breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3. End-use Industry breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Industrial Insulation Market
8.5. Europe Industrial Insulation Market Snapshot
- 8.5.1. U.K. Industrial Insulation Market
- 8.5.2. Germany Industrial Insulation Market
- 8.5.3. France Industrial Insulation Market
- 8.5.4. Spain Industrial Insulation Market
- 8.5.5. Italy Industrial Insulation Market
- 8.5.6. Rest of Europe Industrial Insulation Market
8.6. Asia-Pacific Industrial Insulation Market Snapshot
- 8.6.1. China Industrial Insulation Market
- 8.6.2. India Industrial Insulation Market
- 8.6.3. Japan Industrial Insulation Market
- 8.6.4. Australia Industrial Insulation Market
- 8.6.5. South Korea Industrial Insulation Market
- 8.6.6. Rest of Asia Pacific Industrial Insulation Market
8.7. Latin America Industrial Insulation Market Snapshot
- 8.7.1. Brazil Industrial Insulation Market
- 8.7.2. Mexico Industrial Insulation Market
8.8. Middle East & Africa Industrial Insulation Market
- 8.8.1. Saudi Arabia Industrial Insulation Market
- 8.8.2. South Africa Industrial Insulation Market
- 8.8.3. Rest of Middle East & Africa Industrial Insulation Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Johns Manville
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Recent Developments
- 9.3.2. Rockwool group
- 9.3.3. Saint Gobain
- 9.3.4. BASF SE
- 9.3.5. Polyguard Products, Inc
- 9.3.6. Nichias Corporation
- 9.3.7. Cabot Corporation
- 9.3.8. Knauf Insulation
- 9.3.9. Kingspan Group PLC
- 9.3.10. Armacell International SA

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Industrial Insulation Market, report scope
TABLE 2. Global Industrial Insulation Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Industrial Insulation Market estimates & forecasts by Material 2020-2030 (USD Billion)
TABLE 4. Global Industrial Insulation Market estimates & forecasts by Form 2020-2030 (USD Billion)
TABLE 5. Global Industrial Insulation Market estimates & forecasts by End-use Industry 2020-2030 (USD Billion)
TABLE 6. Global Industrial Insulation Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Industrial Insulation Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Industrial Insulation Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Industrial Insulation Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Industrial Insulation Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Industrial Insulation Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Industrial Insulation Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Industrial Insulation Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Industrial Insulation Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Industrial Insulation Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Industrial Insulation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Industrial Insulation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Industrial Insulation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Industrial Insulation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Industrial Insulation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Industrial Insulation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Industrial Insulation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Industrial Insulation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Industrial Insulation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Industrial Insulation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Industrial Insulation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Industrial Insulation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Industrial Insulation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Industrial Insulation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Industrial Insulation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Industrial Insulation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Industrial Insulation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Industrial Insulation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Industrial Insulation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Industrial Insulation Market
TABLE 71. List of primary sources, used in the study of global Industrial Insulation Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Industrial Insulation Market, research methodology
FIG 2. Global Industrial Insulation Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Industrial Insulation Market, key trends 2022
FIG 5. Global Industrial Insulation Market, growth prospects 2023-2030
FIG 6. Global Industrial Insulation Market, porters 5 force model
FIG 7. Global Industrial Insulation Market, pest analysis
FIG 8. Global Industrial Insulation Market, value chain analysis
FIG 9. Global Industrial Insulation Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Industrial Insulation Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Industrial Insulation Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Industrial Insulation Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Industrial Insulation Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Industrial Insulation Market, regional snapshot 2020 & 2030
FIG 15. North America Industrial Insulation Market 2020 & 2030 (USD Billion)
FIG 16. Europe Industrial Insulation Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Industrial Insulation Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Industrial Insulation Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Industrial Insulation Market 2020 & 2030 (USD Billion)