United States Industrial Insulation Market 2026 | Growth Drivers, Key Players & Investment Opportunities

Market Size and Growth

The Global Industrial Insulation Market is estimated to reach at a CAGR of 4.85 % during the forecast period (2024-2031).

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Key Development:

United States: Recent Industry Developments

✅ In January 2026, Johns Manville secured new growth capital to expand its high‐performance industrial insulation manufacturing capacity, supporting rising demand from industrial processing, HVAC, and energy infrastructure projects as part of its strategic expansion efforts.

✅ In January 2026, Owens Corning launched next‐generation mineral wool technical insulation products for industrial and HVAC applications, offering enhanced thermal resistance and improved fire performance tailored to high‐temperature and industrial environments.

✅ In December 2025, Armacell USA announced internal funding approval to scale elastomeric insulation production for commercial and industrial use, emphasizing energy‐efficient solutions aligned with U.S. sustainability standards.

✅ In October 2025, Rockwool North America expanded its technical insulation portfolio for industrial piping and equipment insulation, targeting high‐temperature and safety‐critical industrial environments.

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Japan: Recent Industry Developments

✅ In December 2025, Panasonic Corporation introduced advanced thermal insulation materials designed for energy‐efficient commercial buildings and data centers, focusing on heat loss reduction and durability that supports industrial facility efficiency.

✅ In November 2025, Nichias Corporation raised strategic investment to strengthen advanced thermal and fire‐resistant industrial insulation development, boosting capabilities in power generation and heavy manufacturing applications.

✅ In November 2025, Sekisui Chemical developed new lightweight insulation boards for industrial and chemical plants, aimed at improving thermal efficiency while maintaining fire safety standards.

✅ In October 2025, Kureha Corporation expanded production of high-performance polymer insulation sheets, supporting industrial applications and renewable energy facilities with improved durability and temperature resilience.

Key Players:

=> Kingspan Group PLC, Rockwool Group, Owens Corning, Saint Gobain, Knauf Insulation, Armacell Global SA, Johns Manville, Nichias Corporation, Insulcon BV and Promat (ETEX Group) and among others.

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Key Segments:

Segments Covered

Form - ~60% influence on market adoption:

Pipe - ~22% share, widely used for thermal insulation in pipelines across industrial and power sectors.

Blanket - ~18% share, dominant in building, petrochemical, and power generation applications.

Board - ~12% share, high adoption in high-temperature and structural insulation applications.

Others - ~8% share, includes mats, sheets, and custom insulation shapes.

Material - ~70% impact on market growth:

Stone Wool - ~20% share, preferred for fire resistance, thermal stability, and acoustic insulation.

Cellular Glass - ~10% share, used in cryogenic and highly corrosive environments.

Foamed Plastic - ~12% share, adopted in lightweight industrial and commercial insulation.

Glass Wool - ~15% share, commonly used in power generation and building applications.

CMS Fiber - ~5% share, niche adoption for high-performance industrial insulation.

Calcium Silicate - ~6% share, widely used in steam piping and petrochemical insulation.

Others - ~2% share, includes hybrid and specialty materials.

Application - ~65% driver of market demand:

Power Generation - ~25% share, largest adoption due to thermal efficiency and safety regulations.

Petrochemical & Refineries - ~18% share, for process equipment and pipeline insulation.

EIP Industries - ~10% share, used in engineered industrial processes.

LNG/LPG - ~7% share, niche but growing demand in cryogenic applications.

Others - ~5% share, includes food processing, pharmaceuticals, and chemical manufacturing.

End-User - ~60% influence on market trends:

Power - ~28% share, due to extensive use in power plants and utility infrastructure.

Oil & Gas - ~20% share, for refineries, pipelines, and storage insulation.

Chemical & Petrochemical - ~12% share, high adoption for process efficiency and safety.

Cement - ~5% share, insulation in kilns and high-temperature equipment.

Food & Beverage - ~3% share, used for temperature control and process efficiency.

Others - ~2% share, includes industrial manufacturing and specialty sectors.

By Region

North America - ~25% Share
Driven by stringent safety standards, industrial applications, and power generation projects.

Europe - ~23% Share
High adoption in power, petrochemical, and building insulation markets; focus on energy efficiency and sustainability.

Asia Pacific - ~38% Share
Fastest-growing market due to expansion in power generation, petrochemical infrastructure, and industrial growth.

Latin America - ~7% Share
Moderate growth driven by oil & gas and power projects in Brazil, Mexico, and Argentina.

Middle East & Africa - ~7% Share
Steady demand for oil & gas, LNG/LPG, and power sector insulation applications.

FAQ

Q: What is the growth rate of the Industrial Insulation Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 4.85 % during the forecast period from 2024 to 2031.

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