Industrial Insulation Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027


Future Market Insights

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Increasing demand for industrial insulation products for boosting the procedure effectiveness, freeze protection, noise reduction, condensation control, and reduction in environmental pollution is relied upon to drive the market development over the gauge time frame.

Increasing Awareness About Benefits of Insulation to Augment Demand

  • Producers are working to give better materials than improving the device’s shelf-life and expanding the productivity. Furthermore, the increasing awareness regarding the advantages of insulation in the industrial application combined with the decrease in various activities expenses is relied upon to fuel the market growth.
  • Important players, particularly aerogel makers, face troubles to raise funding to grow new items, attributable to the reducing endowments causing financial speculators to lose enthusiasm for new extends. Accomplishing vitality productivity and actualizing procedures to advance the selection of insulation are the significant plan for industry members.
  • Key manufacturers in the business choose independent distribution, so as to more readily serve their buyers by giving modified items and to build their net revenue. Makers as well set up strategic association with wholesalers and give solutions for the end-clients through third-party or direct distribution.
  • The customers in the market are majorly large scale and medium scale companies that display restricted sensitivity to the item cost and put more focus on the quality of the product, along with the level of insulation given by the materials. Furthermore, main consumer industries have likewise projected a trend of popularity of the propelled items, which thus is estimated to boost the development.
  • Major players in the market are creating novel manufacturing methods for items so as to improve its properties and make it affordable for several applications. Rising investment with respect to research activities by the organizations for upgrading a product and improvement in transparent innovation for heat insulation is anticipated to profit the market.

Insulation is a layer or coating of resistant material, which serves as a barrier to the targeted energy. Various industries use various types of insulation for the purpose of energy conservation and improve the efficiency of machines, systems, equipment and components. The industrial insulations fulfil the purpose of protection and avoid energy loss from the body it is applied on to. The industrial insulation materials are generally non-conducting materials, which act as a barrier to the flow of heat, sound, moisture and others. The most common application of industrial insulation is to make the system thermal resistant and leak proof. Single or multiple layers of thermal insulator is applied to the fluid conduction pipes or on the boiler surface. Also, different types of industrial insulators are present in the global market, which can be in the form of flexible sheets and pre-formed shapes, flexible blankets, rigid boards, blocks, sheets and pre-formed shapes, foams, liquids (spray, paints), etc.

Calcium silicate is one of the most commonly used materials utilized for industrial insulation, primarily for thermal insulation. It can be moulded into rigid shapes and can be reinforced with other materials in order to get improved property of insulation. The calcium silicate based industrial insulations can perform effectively by sustaining through the temperature above 650 °C. The other major material used for industrial insulation is mineral fibre, which includes glass fibres, fibre rock slag, cellular glass, perlite and others. These materials are generally transformed into sheets and are applied to the desired surfaces. They possess numerous advantages such as lightweight and high thermal stability. Mineral fibres and foam based insulators are often used as acoustic insulators due to decent sound absorption properties.

Industrial Insulation Market: Segmentation

The industrial insulation materials play a vital role in improving performance and safe operation of the system. Also, the proper insulation helps to build confidence among operators to work effectively. Numerous authorities and standardizing norms mandate industries to incorporate proper insulation of all the components or the machines, which are sources of energy loss or are exposed to hazardous environments. The industrial insulation market is highly influenced by the demands from oil & gas, steel, manufacturing, power and other industries, which operate on high temperature or radiating systems. Expanding industrial sector and stringent safety and emission norms associated with them are expected to fuel the demand for industrial insulation. Also, companies are focusing on improving the performance by reducing losses by adhering to regular maintenance practices, which often require replacement of the insulation. This practice is expected to boost the market growth over the forecast period.

Industrial Insulation Market: Segmentation

The global industrial insulation market can be segmented into various categories based on types, materials, application and end-use industries. On the basis of type, the global industrial insulation market is segmented as thermal insulation, acoustic insulation, moisture proof and others. On the basis of material type, the global industrial insulators market is segmented as calcium silicate, mineral wool, glass wool, rock wool, cellular glass, perlite, aerogel, polymer foams, spray foams and others. While on the basis of application, the global industrial insulation market is segmented as pipe, boiler, HVAC, chimney liners, combustor and others. On the basis of end-use industry, the global industrial insulation market is segmented as, oil & gas, steel/ore processing, manufacturing, food and beverage, power and others.

The industrial insulations are produced and applied as per various ASTM standard for insulation - ASTM C533, ASTM C547, ASTM C610, ASTM C552, ASTM C1393 and others.

Industrial Insulation Market: Region-wise Outlook

During the past few years, Europe and North America have been dominating the global industrial insulation market. Highly developed industrial and power sector have been the main factors influencing the demand for industrial insulation in the regional market. While, growing industrial sector in developing nations of Asia Pacific is estimated to create high market demand for industrial insulation materials in the regional market. On country level, developed countries such as the U.S, Germany, U.K., Japan and Korea are estimated to hold significant share in the global industrial insulation market, while developing countries such as India and China are estimated to grow with significant rate during the forecast period. The oil and gas industries in the MEA and Russia are estimated to attract major players in the industrial insulation market to invest in these regions.

Industrial Insulation Market: Market Participants

The industrial insulation market is characterized by the presence of numerous players manufacturing and catering their products in regional and global market. Examples of some of the players are Knauf Insulation Sprl (Knauf Group), BASF SE, Kingspan Industrial Insulation Ltd., Refractory Specialties Incorporated, Pacor, Inc., Rockwool International A/S, Owens Corning Corporation, ACH Foam Technologies LLC and Berkshire Hathaway Incorporated, among others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and Industry.

The report covers exhaustive analysis on:

  • Market Segments

  • Market Dynamics

  • Market Size

  • Supply & Demand

  • Current Trends/Issues/Challenges

  • Competition & Companies involved

  • Technology

  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)

  • Latin America (Mexico, Brazil and Rest of Latin America)

  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)

  • Eastern Europe (Poland, Russia and Rest of Eastern Europe)

  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)

  • Japan

  • Middle East and Africa (GCC, S. Africa, and Rest of MEA)

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The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

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