Technical Insulation Market, By Application, By Application, By End-Use, By Geography

Description

The technical insulation market is estimated to be valued at USD 10.9 Bn in 2024 and is expected to reach USD 16.17 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2023/2024:	US$ 10.9 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2023/2024 to 2030/2031 CAGR:	5.80%	2030/2031 Value Projection:	US$ 16.17 Bn

Technical Insulation Market Share (%), By Region, 2024

Technical insulation refers to the application of insulation materials to retain or absorb heat or prevent condensation. It plays a vital role in various industries such as energy and power, oil and gas, automotive, aerospace, and others. The growing demand for energy-efficient systems along with strict regulatory standards mandating efficient insulation is fueling the growth of the technical insulation market. Rapid industrialization and urbanization are also propelling the need for insulated pipelines, devices, equipment, and plants across different sectors. Various types of insulation materials, such as mineral wool, calcium silicate, cellular glass, and phenolic foam, are used for technical insulation applications. Over the years, the market has witnessed significant technological advancements leading to the development of high-performance and eco-friendly insulation materials.

Market Dynamics:

The global technical insulation market is projected to witness robust growth over the forecast period owing to several factors such as rapid industrialization, growing energy demand, increasing needs for insulation in industrial processes, and stringent energy efficiency regulations worldwide. Rapid industrialization in emerging economies has significantly driven the demand for technical insulation from various industries including oil & gas, energy & power, automotive, and manufacturing. Growing energy demand around the world necessitates efficient insulation of devices and equipment across industries to reduce heat loss and control energy consumption. Furthermore, rising awareness about greenhouse gas emissions and sustainability is prompting end users to adopt technical insulation solutions for compliance with energy efficiency standards. However, volatility in raw material prices remains a key challenging factor. Ongoing R&D in high-performance and eco-friendly insulation materials present new opportunities in the coming years.

Key Features of the Study:

This report provides an in-depth analysis of the global technical insulation market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global technical insulation market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Zotefoams Plc, Owens Corning, Kingspan Group Plc, Rockwool International A/S, Recticel NV/SA, Morgan Advanced Materials plc, Armacell International S.A., Aspen Aerogels, Inc., Knauf Insulation, Saint-Gobain, Palziv Inc., Neo Thermal Insulation (India) Pvt. Ltd., NMC Insulation, Armacell, Mayplas, and Proteus Waterproofing Limited.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global technical insulation market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global technical insulation market.

Market Segmentation

By Type:
- Hot Insulation
- Cold-Flexible Insulation
- Cold-Rigid Insulation
By Application:
- Heating & Plumbing
- HVAC
- Acoustic
- Others (Refrigeration, etc.)
By End-Use:
- Industrial & OEM
- Energy
- Others (Commercial Buildings, etc.)
By Regional:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Zotefoams Plc
- Owens Corning
- Kingspan Group Plc
- Rockwool International A/S
- Recticel NV/SA
- Morgan Advanced Materials plc
- Armacell International S.A.
- Aspen Aerogels, Inc.
- Knauf Insulation
- Saint-Gobain
- Palziv Inc.
- Neo Thermal Insulation (India) Pvt. Ltd.

Product Code: CMI6730

1. Research Objectives and Assumptions

Research Objectives
Assumptions

2. Market Overview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snapshot By Type
- Market Snapshot By Application
- Market Snapshot By End-Use
- Market Snapshot By Region
- Market Scenario - Conservative, Likely, Opportunistic
Market Opportunity Map

3. Key Insights

Market Dynamics
- Drivers
- Restraints
- Opportunities
Key Market Trends
Impact Analysis of Market Dynamics
Market Assessment By PESTEL Analysis
PORTER Analysis
Regulatory Scenario
Market Attractiveness Analysis
Incremental $ Opportunity Assessment

4. Global Technical Insulation Market, By Type, 2019 - 2031 (US$ Billion) & Volume (KT)

Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031
- Market Y-o-Y Growth Comparison (%), 2019 - 2031
- Segment Trends
Hot Insulation, 2019 - 2031(US$ Billion) & Volume (KT)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion) & Volume (KT)
Cold-Flexible Insulation, 2019 - 2031(US$ Billion) & Volume (KT)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion) & Volume (KT)
Cold-Rigid Insulation, 2019 - 2031(US$ Billion) & Volume (KT)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion) & Volume (KT)

5. Global Technical Insulation Market, By Application, 2019 - 2031 (US$ Billion) & Volume (KT)

Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031
- Market Y-o-Y Growth Comparison (%), 2019 - 2031
- Segment Trends
Heating & Plumbing, 2019 - 2031(US$ Billion) & Volume (KT)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion) & Volume (KT)
HVAC, 2019 - 2031(US$ Billion) & Volume (KT)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion) & Volume (KT)
Acoustic, 2019 - 2031(US$ Billion) & Volume (KT)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion) & Volume (KT)
Others (Refrigeration, etc.), 2019 - 2031(US$ Billion) & Volume (KT)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion) & Volume (KT)

6. Global Technical Insulation Market, By End-Use, 2019 - 2031 (US$ Billion) & Volume (KT)

Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031
- Market Y-o-Y Growth Comparison (%), 2019 - 2031
- Segment Trends
Industrial & OEM, 2019 - 2031(US$ Billion) & Volume (KT)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion) & Volume (KT)
Energy, 2019 - 2031(US$ Billion) & Volume (KT)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion) & Volume (KT)
Others (Commercial Buildings, etc.), 2019 - 2031(US$ Billion) & Volume (KT)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion) & Volume (KT)

7. Global Technical Insulation Market, By Region, 2019 - 2031 (US$ Billion) & Volume (KT)

Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031, (US$ Billion)
- Market Y-o-Y Growth Comparison (%), 2024 - 2031, (US$ Billion)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Billion) & Volume (KT)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion) & Volume (KT)
- Market Size and Forecast, By End-Use, 2019 - 2031, (US$ Billion) & Volume (KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion) & Volume (KT)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Billion) & Volume (KT)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion) & Volume (KT)
- Market Size and Forecast, By End-Use, 2019 - 2031, (US$ Billion) & Volume (KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion) & Volume (KT)
U.K.
Germany
Italy
France
Spain
Russia
Rest Of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Billion) & Volume (KT)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion) & Volume (KT)
- Market Size and Forecast, By End-Use, 2019 - 2031, (US$ Billion) & Volume (KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion) & Volume (KT)
China
India
Japan
Australia
South Korea
Asean
Rest Of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Billion) & Volume (KT)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion) & Volume (KT)
- Market Size and Forecast, By End-Use, 2019 - 2031, (US$ Billion) & Volume (KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion) & Volume (KT)
GCC
Israel
Rest Of Middle East
Latin America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Billion) & Volume (KT)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion) & Volume (KT)
- Market Size and Forecast, By End-Use, 2019 - 2031, (US$ Billion) & Volume (KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion) & Volume (KT)
Brazil
Mexico
Argentina

8. Company Profiles - Global Technical Insulation Market

Zotefoams Plc
- Company Overview
- Product/Service Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategic Overview
Owens Corning
Kingspan Group Plc
Rockwool International A/S
Recticel NV/SA
Morgan Advanced Materials plc
Armacell International S.A.
Aspen Aerogels, Inc.
Knauf Insulation
Saint-Gobain
Palziv Inc.
Neo Thermal Insulation (India) Pvt. Ltd.
NMC Insulation
Armacell
Mayplas
Proteus Waterproofing Limited

9. References and Research Methodology

References
Research Methodology
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