Press release
Industrial Insulation Market is Forecasted to Reach US$ 10.88 Billion in 2028, Says Stratview Research
Stratview Research, a global market research firm has launched a report on the global industrial insulation market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1142/industrial-insulation-market.html#form
Report Highlights:
Market Size in 2028: US$ 10.88 billion
Growth (CAGR): 5.01% during 2022-2028
Forecast Period: 2022-2028
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Industrial Insulation Market:
The global industrial insulation market is segmented based on material type, end-user industry type, and region.
Based on type - The market is segmented as mineral wool, calcium silicate, plastic foams, and others. The mineral wool segment held the largest share of the market in 2021 and is expected to remain dominant during the forecast period. The unique properties of mineral wool such as low conductivity, noise reduction, and easy availability drive the growth of the segment. Also, its recyclability, low cost, and suitability for various end-use industries are expected to boost the demand for industrial insulation during the forecast period.
Based on end-user industry type - The market is segmented as power, chemical & pharmaceutical, oil & gas, cement, food & beverages, and others. The power industry segment is expected to remain the fastest-growing segment, owing to the increasing demand for electricity from growing population, urbanization, and industrialization in emerging economies such as China, India, and others.
To know the most attractive segments, click here:
https://www.stratviewresearch.com/1142/industrial-insulation-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is estimated to be the largest as well as fastest-growing industrial insulation market during the forecast period. This growth outlook is majorly attributed to the following-
• China, Japan, India, and Australia being the major countries with lucrative growth opportunities.
• The growth of the market is driven by the widespread trend of industrial and urbanization in the region, along with the growth of the chemical & petrochemical sector in the region, owing to the increasing demand for petrochemical-based products.
Industrial Insulation Market Drivers:
Some of the key drivers listed in the report are given below.
• The growing electricity demand is due to the increasing population and industrialization in emerging economies.
• The rapid urbanization and stringent regulations for energy conservation in various industries such as chemical & petrochemical and cement, are likely to boost the market demand.
Top Companies in the Industrial Insulation Market:
Stratview Research has identified the following companies as the top market players.
• Armacell International S. A.
• Cabot Corporation
• Johns Manville,
• Knauf Insulation
• Kingspan Group PLC
• Insulcon B.V.
• Owens Corning
• Rockwool Group
• Saint Gobain SA
• Promat (Etex Group)
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Industrial Insulation Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Insulation Market: https://www.stratviewresearch.com/1047/insulation-market.html
• Thermal Insulation Market: https://www.stratviewresearch.com/3623/thermal-insulation-market.html
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About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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