Industrial Insulation Market Demand, Growth and Trends with Leading Players - Pacor, Inc., BASF SE, Knauf Insulation Sprl and More

The Industrial Insulation market is projected to reach USD 4.74 Billion by 2027, according to a new report by Reports and Data. Critical factors such as increased demand for the product drive the industry to improve equipment efficiency and process efficiency across industry sectors. Insulation prevents heat transfer from the equipment system and increases the machine’s performance by making manufacturing processes more efficient. It provides protection for pipelines against low-temperature frost, which makes it ideal for transport equipment. Increasing demand, combined with the availability of the product at reasonable prices, would likely lead to growth in the market.

In the forecasting period, factors such as growing global warming initiatives and other government policies coupled with increasing demand for maintenance and servicing of outgoing insulation systems are expected to stimulate growth.

The growing demand for electricity is anticipated to propel the market as a result of the increasing population and industrialization in developing countries. In addition, rapid urbanization and strict regulations on energy conservation applicable to different industries, such as chemical & petrochemical and cement, are likely to drive demand in the industrial insulation market.

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Key participants include Kingspan Industrial Insulation Ltd., Pacor, Inc., BASF SE, Knauf Insulation Sprl, Refractory Specialties Incorporated, Rockwool International A/S, ACH Foam Technologies LLC, Owens Corning Corporation, Berkshire Hathaway Incorporated, and Saint Gobain, among others.

Further key findings from the report suggest

Government initiatives to endorse manufacturing sectors in the country are projected to augment the demand for industrial insulation in construction and industrial applications, thereby creating growth opportunities for market players.
Due to the rising demand for insulation materials in the thermal power generation industry, the power generation application segment is projected to grow to mitigate energy losses
Calcium silicate is one of the most commonly used materials, primarily for heat preservation, used for industrial protection. The physical properties allow it to develop into various shapes and can be reinforced with different materials with the ultimate purpose of obtaining enhanced protective property.
In recent years, all of the significant market players have invested heavily in R&D initiatives, leading to the invention of several innovative products. Major players aim to enhance their product portfolio by strategic mergers and acquisitions of small and medium-scale companies. In the coming years, therefore, an intense rivalry among players is expected.
In April 2018, Owens Corning obtained Guangde SKD Rock Wool Manufacture Company Limited, a producer of Chinese mineral wool. This acquisition enhanced Owens Corning’s production capability to meet China's rising demand for industrial insulation.

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The research study includes an in-depth analysis of the market using advanced research methodologies such as SWOT analysis and Porter’s Five Forces analysis. The report further explores the key business players along with their in-depth profiling, product portfolio, and strategic business decisions. The report has been formulated through extensive primary and secondary research and further validated by analysts, industry experts, and market professionals. The report also sheds light on the recent mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches, among others.

Regional analysis covers assessment of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue and gross margins, and presence of key players in the region. The report also offers insights about revenue growth, market size, market share, technological advancements, and presence of key players in each region.

For this report, Reports and Data segmented the global Industrial Insulation industry report based on product type, material type, application, and by Region for this study:

Product Type Outlook (Revenue, USD Billion; 2017-2027)

Blanket
Pipe
Board
Others

Material Type Outlook (Revenue, USD Billion; 2017-2027)

Glass wool
Stone wool
Calcium Silicate
Foamed Plastic
Aerogel & Cellulose
Others

Application Outlook (Revenue, USD Billion; 2017-2027)

Petrochemical
LPG & LNG
Power generation
Others

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Regional Bifurcation of the Industrial Insulation Market Includes:

North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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