Technical Insulation Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2020 to 2027

The technical insulation market size is projected to grow from USD 7.6 billion in 2020 to USD 9.2 billion by 2027, at a CAGR of 4.0 %, during the forecast period. The presence of stringent regulations regarding insulation of equipment and pipes and growing demand in the oil & gas sector are driving the technical insulation market. Increasing energy and power requirements in emerging economies owing to rapid industrialization and urbanization has driven the growth of the technical insulation market. Along with this stated factor, stringent regulations mandating the use of insulation materials for energy conservation has also led to the growth of the global technical insulation market. However, the low awareness about technical insulation is a factor restraining the growth of the technical insulation market. increased infrastructure spending in emerging economies is anticipated to offer growth opportunities in the global technical insulation market.

Expansion of the commercial sector is projected to promote the demand for technical insulation of pipes and equipment which is anticipated to benefit market growth. In addition, demand for acoustic insulation in the commercial buildings is projected to further propel growth of the market for technical insulation over the forecast period.

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Key players:
ZotefoamsPlc (UK)
Owens Corning (US)
Kingspan Group Plc (Ireland)
ETEX Group SA (Belgium)
Rockwool International A/S (Denmark)
Recticel NV/SA (Belgium)
Morgan Advanced Materials plc (UK)
Armacell International S.A. (Luxembourg)
Aspen Aerogels Inc. (US)
Knauf Insulation (Germany)
L’ISOLANTE K-FLEX S.P.A. (Italy)
Johns Manville (US)
Saint-Gobain ISOVER (France)

Based on Product Type:
Flexible Foam
Rigid Foam
Man-made Mineral Fiber

Based on Application:
Heating & Plumbing
HVAC
Refrigeration
Industrial Processes
Acoustic

Based on End-use Industry:
Industrial & OEM
Energy
Transportation
Commercial Buildings

Based on Region:
North America
Europe
APAC
Middle East & Africa
South America

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The Technical Insulation market in APAC is expected to hold a major market share during the forecast period as countries in APAC such as China, Japan, India, and South Korea have some of the largest manufacturing facilities wherein automation of manufacturing processes has been taken as the highest priority. Also, strong competition among consumer electronics companies in APAC is likely to boost the adoption of machine vision systems in the region. The growing awareness about and demand for high-quality and zero-defect products has fuelled the need for Technical Insulation in inspection-related applications in the manufacturing fields.
However, the outbreak of COVID-19 has significantly affected the manufacturing sector of APAC. As the neighbouring countries are linked to one another through trade relations and supply chain the entire region is affected with the outbreak of COVID-19 which will have a significant impact on the said market in this region for the forecast period.

TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact on Technical Insulation Market
Chapter 5. Global Technical Insulation Market Overview, By Application, 2015 - 2027(USD Million)
Chapter 6. Global Technical Insulation Market Overview, By Distribution Channel, 2015 - 2027(USD Million)
Chapter 7. Global Technical Insulation Market Overview, By Geography, 2015 - 2027(USD Million)
Chapter 8. North America Technical Insulation Market Overview, By Countries, 2015 - 2027(USD Million)
Chapter 9. Europe Technical Insulation Market Overview, By Countries, 2015 - 2027(USD Million)
Chapter 10. Asia Pacific Technical Insulation Market Overview, By Countries, 2015 - 2027 (USD Million)
Chapter 11. Middle East & Africa Technical Insulation Market Overview, By Countries, 2015 - 2027 (USD Million)
Chapter 12. South America Technical Insulation Market Overview, By Countries, 2015 - 2027 (USD Million)
Chapter 13. Competitive Landscape
Chapter 14. Key Vendor Analysis
Chapter 15. Technical Insulation Market Cost Analysis
Chapter 16. Sourcing Strategy and Downstream Buyers
Chapter 17. Marketing Strategy Analysis, Distributors/Traders
Chapter 18. Market Effect Factors Analysis
Chapter 19. Future Outlook of the Market

Reasons to Buy the Report:
• Learn about the driving factors, affecting the market growth.
• Imbibe the advancements and progress in the market during the forecast period.
• Understand where the market opportunities lie.
• Compare and evaluate various options affecting the market.
• Pick up on the leading market players within the market.
• Envision the restrictions and restrains that are likely to hamper the market.

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