Press release
Technical Insulation: A Leading Driver Behind Rapid Industrialization Fuels Growth In The Global Technical Insulation Market Market Expansion in 2025
Technical Insulation Market
What Will the Technical Insulation Industry Market Size Be by 2025?
The size of the technical insulation market has been experiencing robust growth in the past few years. The market is projected to expand from $7.5 billion in 2024 to $7.92 billion in 2025, registering a compound annual growth rate (CAGR) of 5.6%. Factors that have contributed to this surge during the historical period include the enactment of energy efficiency regulations, expansion of HVAC systems, growth in the petrochemical industry, development of infrastructure, as well as industrialization and urbanization.
What's the Long-Term Growth Forecast for the Technical Insulation Market Size Through 2029?
In the upcoming years, the technical insulation market is anticipated to experience consistent growth. It is set to increase to $9.59 billion in 2029, showcasing a compound annual growth rate (CAGR) of 4.9%. Factors contributing to this growth during the forecast period include the replacement of outdated infrastructure, investments in renewable energy, fluctuations in energy prices, sustainability, as well as esg initiatives and industrial automation. Important trends during the forecast period encompass smart insulation solutions, improvements in HVAC system efficiency, fireproof insulation, digital design and modelling, and the use of environmentally friendly building materials.
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What Are the Key Growth Drivers Fueling the Technical Insulation Market Expansion?
The escalation in industrial development is prominently propelling the expansion of the technical insulation market. This form of insulation is prominently utilized across several industries to curtail heat and electricity loss. Notable industries that predominantly make use of technical insulation encompass heating and plumbing systems, HVAC systems, refrigeration, industrial piping, and electric utilities. The burgeoning growth in these industries is a significant propellant for the worldwide technical insulation market. For example, in July 2023, as per Eurostat, a UK-based government statistical organization, there was a 0.2% elevation in industrial production in Europe. Furthermore, between May and April 2023, a 0.1% climb was observed in the European Union. Accordingly, swift industrialization is expected to fuel the progression of the technical insulation market.
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Which Emerging Trends Are Transforming the Technical Insulation Market in 2025?
The increasing trend of new product releases by firms is becoming highly popular in the technical insulation sector. Firms are introducing novel and advanced technical insulation goods to augment their product offerings and to serve the rapidly expanding markets. For example, in June 2022, Isover, an insulation materials manufacturer based in France, introduced QTech, a light mineral wool suitable for medium temperature industrial applications. QTech is an exclusive technology created to optimize and boost various industrial process performances, especially in the materials and coatings fields.
How Is the Technical Insulation Market Segmented?
The technical insulation market covered in this report is segmented -
1) By Product: Flexible Foam, Rigid Foam, Man-made Mineral Fiber
2) By Application: Heating & Plumbing, HVAC, Refrigeration, Industrial Processes
3) By End User: Industrial & OEM, Energy, Transportation, Commercial Buildings
Subsegments:
1) By Flexible Foam: Polyurethane Foam, Polyethylene Foam, Elastomeric Foam, Other Flexible Foam Types
2) By Rigid Foam: Polyurethane Rigid Foam, Polystyrene Rigid Foam (EPS, XPS), Phenolic Rigid Foam, Other Rigid Foam Types
3) By Man-Made Mineral Fiber (MMMF): Rock Wool, Glass Wool, Slag Wool, Other Mineral Fiber Types
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Which Companies Are Leading the Charge in Technical Insulation Market Innovation?
Major companies operating in the technical insulation market include Zotefoams plc, Unifrax I LLC, Saint-Gobain SA, Rockwool International A/S, Recticel NV, Palziv Inc., Owens Corning Fiberglass Company, NMC SA, Morgan Advanced Materials plc, L'isolante K - Flex S.P.A., Knauf Insulation Ltd., Kingspan Group plc, Johns Manville Corp., Aspen Aerogels Inc., Armacell International S.A., DowDuPont Inc., Evonik Industries AG, Covestro AG, Solvay SA, Eastman Chemical Co., Beijing New Building Material (Group) Co. Ltd., Clariant AG, Arkema SA, Owens Corning Corporation, Rockwool International, BASF SE, GAF Materials Corporation, Huntsman Corporation, Cabot Corporation, Saint-Gobain Isover, Unifrax I LLC, Uralita SA, Wacker Chemie AG, Xtratherm Limited, Zhejiang Jiahe Insulation Material Co. Ltd., Icynene Inc., Lapolla Industries Inc., NCFI Polyurethanes, PPG Industries Inc., Rmax Operating LLC
Which Regions Are Leading the Global Technical Insulation Market in Revenue?
Asia-Pacific was the largest region in the technical insulation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the technical insulation market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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