openPR Logo
Press release

Rising Energy-Efficiency Regulations Drive USD 13,731.1 million Growth in Industrial Insulation Demand Over Next Decade

12-26-2024 03:51 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Industrial Insulation

Industrial Insulation

As per the reports published by FMI, the global industrial insulation industry demand is projected to have an average-paced CAGR of 5% during the forecast period.  The current valuation of the market is USD 8,420.2 million in 2024. The market value of the industrial insulation market is anticipated to surpass a valuation of USD 13,731.1 million by the year 2034. A historical market valuation of USD 8,088.6 million has been recorded by the experts of Future Market Insights for the concerned market during the base year.

FMI has analyzed that growing industrialization and urbanization have resulted in a surge of construction and industrial activities in many regions across the world. Insulation materials have high usage across these sectors and therefore the demand for industrial insulation is estimated to rise at a rapid pace.

Experience the Quality - Get Your Sample Today! https://www.futuremarketinsights.com/reports/sample/rep-gb-4071

Since these insulators guard the equipment in extremely high and low temperatures, and reduce the risk of accidents, along with preventing moisture condensation. These aspects are estimated to bolster the growth of the Industry in the forthcoming years. The growing consumer awareness and robust economic growth are anticipated to bring extensive growth opportunities to the industrial insulation Industry.

To maintain a safe work environment, industries across the globe are highly implementing insulation systems. However, certain aspects are estimated to impede the growth of the Industry. As per the analysis of FMI, the installation charges involved with industrial insulation systems are very high, and a lot of regulatory approvals are required before installations. Environmental sustainability concerns are estimated to act as a major restraint in the progression of the industrial insulation Industry.

"Rise of the petrochemical, oil & gas industries across the developing economies are estimated to create lucrative growth opportunities for the industrial insulation manufacturers." - Says an FMI Analyst

Key Takeaways from the Industrial Insulation Industry

The industrial insulation Industry is estimated to register an average-paced CAGR of 5% through the forecast period.
The Petrochemicals and Refineries segment by product type category is estimated to hold considerable shares in the upcoming years. The segment accounted for 30.3% of revenue shares in 2024.
The CMS Fiber segment is anticipated to progress at a CAGR of 3.9% during the period 2022-2032.
The North American region is expected to dominate the global industrial insulation Industry with the US as the dominating country, demand in the United States is set to rise at 2.8% CAGR in 2034.

Competitive Landscape in the Industrial Insulation Industry

This statistical study conducted by Future Industry Insights of the concerned insulation Industry encompasses successful business strategies deployed by the key vendors for biometric-as-a-security. The industrial insulation Industry is fragmented and the key players are deploying organic and inorganic growth strategies to compete in the Industry.

The biggies are heavily investing in research and development activities to make technological advances while manufacturing insulation systems for better services to the end-use industries.

Browse the Complete Report! https://www.futuremarketinsights.com/reports/industrial-insulation-market

Recent Developments

In March 2021, Cabot Corporation launched its ENERMAXTM 6 carbon nanotube (CNT) new series. These nanotubes are the company's latest addition to its portfolio of high-performance CNTs. It has a high aspect ratio, becoming the most conductive multi-walled product

Since July 2021, Rockwool Manufacturing has commenced commercial production of stone wool insulation products. The state-of-the-art facility manufactures ROCKWOOL's residential, commercial, and industrial stone wool insulation and is the first post-pandemic expansion in stone wool insulation manufacturing capacity in North America.

In June 2019, Knauf Insulation, a manufacturer of industrial insulation in the U.S. and Europe successfully completed its extension of the Rock Mineral production facility in Western Europe. The company has reposted that the new production capacity is of more than 110 kilotons.

In October 2018, Saint Gobain, a France-based manufacturer of high-performance construction materials, successfully acquired Kaimann, a European producer of elastomeric insulation materials. The organization thus hopes to fortify its position in the industrial insulation market in Europe.

Some of the key players proliferating in the market are

Rockwool Insulation A/S
Poroc Group Oy
Knauf Insulation
TechnoNICOL Corporation
Anco Products, Inc.

Key Segments in the Industrial Insulation Market

By Material:

Stone Wool
Glass Wool
CMS Fibers
Calcium Silicate
Cellular Glass
Foamed Plastic
Others

By Product:

Pipe
Board
Blanket
Others

By Application:

Power Generation
Petrochemical & Refineries
EIP Industries
LNG/LPG
Others

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

Source: https://www.globenewswire.com/news-release/2024/08/07/2925863/0/en/Rising-Adoption-of-Insulation-in-the-Construction-Industry-to-Surge-Industrial-Insulation-Market-at-5-CAGR-by-2034-Future-Market-Insights-Inc.html

Related Reports:

Sodium Gluconate Market: https://www.futuremarketinsights.com/reports/sodium-gluconate-market

Cold Insulation Market: https://www.futuremarketinsights.com/reports/cold-insulation-market

Thermal Insulation Material Market: https://www.futuremarketinsights.com/reports/thermal-insulation-material-market

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Rising Energy-Efficiency Regulations Drive USD 13,731.1 million Growth in Industrial Insulation Demand Over Next Decade here

News-ID: 3798271 • Views:

More Releases from Future Market Insights

Hybrid Meat Products Market Projected to Grow at 9.5% CAGR to USD 1,314.9 Million by 2035
Hybrid Meat Products Market Projected to Grow at 9.5% CAGR to USD 1,314.9 Millio …
The global Hybrid Meat Products Market is poised for remarkable growth over the next decade, with the market projected to expand from USD 530.6 million in 2025 to approximately USD 1,314.9 million by 2035, reflecting a robust CAGR of 9.5%. This surge underscores the growing appetite for protein solutions that blend traditional meat with plant-based ingredients, combining taste familiarity with sustainability and nutritional benefits. Hybrid meat products are gaining traction across
Fermented Coffee Market Set to Reach USD 766.8 Million by 2035: A Flavorful Blend of Tradition, Innovation, and Wellness
Fermented Coffee Market Set to Reach USD 766.8 Million by 2035: A Flavorful Blen …
The global fermented coffee market is brewing a new era of growth, with projections indicating a rise from USD 330.6 million in 2025 to USD 766.8 million by 2035-a remarkable CAGR of 8.8%. This forecast underscores a transformative decade for the category, driven by health-conscious consumer demand, innovative fermentation techniques, and the expansion of both established and emerging players in the global coffee landscape. Acquire the Complete Market Report - Available
Enzyme Protectants Market Forecast to Reach USD 1.51 Billion by 2035, Driven by Biologics, Sustainability, and Technological Innovation
Enzyme Protectants Market Forecast to Reach USD 1.51 Billion by 2035, Driven by …
The global enzyme protectants market is poised for remarkable growth over the next decade, with valuations expected to rise from USD 820.5 million in 2025 to approximately USD 1,511.5 million by 2035. Representing a compound annual growth rate (CAGR) of 6.3%, this surge reflects an increasing demand for solutions that maintain enzyme stability and performance across pharmaceuticals, food processing, industrial biotechnology, and research applications. Request the Full Report or Custom Research
Global Aqua Probiotic Market to reach USD 1,180.0 Million by 2035, Driven by Sustainable Aquaculture and Innovative Technologies
Global Aqua Probiotic Market to reach USD 1,180.0 Million by 2035, Driven by Sus …
The global Aqua Probiotic Market is poised for remarkable expansion over the next decade, projected to grow from USD 480.5 million in 2025 to approximately USD 1,180.0 million by 2035, registering a CAGR of 9.4%. This growth reflects the sector's evolution from niche adoption to mainstream integration, highlighting the increasing importance of probiotics in sustainable aquaculture practices worldwide. For Tailored Insights and Customization, Connect With Us Here: https://www.futuremarketinsights.com/reports/sample/rep-gb-26136 Rising demand for antibiotic-free

All 5 Releases


More Releases for Insulation

HVAC Insulation Market Is Booming Worldwide | Knauf Insulation, Arabian Fibergla …
The latest research study released by AMA on the HVAC Insulation Market offers over 233+ pages of analysis on business strategies employed by key and emerging industry players. It provides insights into current market developments, landscape, technologies, drivers, opportunities, market outlook, and status. The market study is segmented by key regions driving market growth. The HVAC Insulation study combines qualitative and quantitative market data, primarily collected and validated through primary
Thin Insulation Market Size Surges: $2057.8 Million Milestone by 2030 | DowDuPon …
CALIFORNIA, (UNITED STATES) - According to QYResearch New Study Report 'Thin Insulation Market 2024' provides a comprehensive analysis of the industry with market insights will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. Finally, this will increase the return rate and strengthen the competitive advantage within. Since it's a personalised market report, the services are catered to the particular
07-04-2024 | Chemicals & Materials
CMI
Thin Insulation Market May Set Epic Growth Story 2024 - 2031 | Kingspan Insulati …
Market Overview: The Thin Insulation Market was USD 2. 39in 2023 and will reach USD 3.95 billion, registering a CAGR of 6.3% during the forecast period by 2031. Market Dynamics: The increasing demand from the construction industry is driving the growth of the thin insulation market. Thin insulation materials are widely used in building walls, roofs, and piping as they have high R-value per inch of thickness. This property saves construction material costs
Fiberglass Insulation Market Top Key Players - Asahi Fiber Glass, Bradford insul …
Fiberglass is a common insulation material used in a variety of buildings. It is made up of extremely thin glass fibers. It's commonly found in a variety of insulating products, including batts, rolls, and loose fill. It's also available in the form of rigid panels and duct shielding. Companies now offer synthetic fibers in medium and higher fiberglass batts with somewhat higher R-Values than conventional batts. Fiberglass can be used to
Fiberglass Rigid Board Insulation Market Size 2017-2022: Knauf Insulation, Owens …
Global Fiberglass Rigid Board Insulation Market Research Report A market study ” Global Fiberglass Rigid Board Insulation Market ” examines the performance of the Fiberglass Rigid Board Insulation market 2017. It encloses an in-depth Research of the Fiberglass Rigid Board Insulation market state and the competitive landscape globally. This report analyzes the potential of Fiberglass Rigid Board Insulation market in the present and the future prospects from various angles in detail. Inquiry
Global Fiberglass Rigid Board Insulation Market 2017 - Knauf Insulation, Owens C …
The recent report on Fiberglass Rigid Board Insulation market offers insightful information about the present scenario of the market across the globe. The report, titled Fiberglass Rigid Board Insulation points out the key factors affecting the growth of the market. Latest market trends as well as the future growth opportunities have been mentioned in the report. The report takes into account the various micro and macro-economic factors governing the overall