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Industrial Insulation Market worth US$ 3.3 Billion by 2024 | Global Major Manufacturers, Production and Sales Market Comparison

C4ISR Market
C4ISR Market

ReportsnReports offers a latest published report on “Industrial Insulation Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 132 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. An exclusive data offered in this report is collected by research and industry experts team.

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The Industrial Insulation Market is projected to grow from USD 2.6 Billion in 2019 to USD 3.3 Billion by 2024, at a CAGR of 5.0%. This report spread across 132 Pages, Profiling 10 Companies and Supported with 64 Tables and 36 Figures is now available in this research.

Top Companies profiled in the Industrial Insulation Market:

  • Owens Corning (US)
  • Saint Gobain (France)
  • Kingspan Group PLC (Ireland)
  • Knauf Insulation (Belgium)
  • Rockwool Group (Denmark)
  • Johns Manville (US)

“Mineral wool segment is expected to be the fastest-growing material for industrial insulation, during the forecast period.”

Mineral wool is an inorganic insulation material formed by using molten basalt rock, glass or industrial waste. Reduced temperature fluctuations, energy conservation, and availability in pre-formed shapes are the advantages of the material. Mineral wool is used in heavy industrial applications such as power generation, chemical & petrochemical, oil & gas, and cement owing to its high-temperature sustainability.

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“Pipe form is expected to be the largest utilized form of industrial insulation during the forecast period.”

Pipe is the major form of insulation used in power, oil & gas and chemical & petrochemical industry, as it facilitates a smooth transfer of fluid from one section to another. Industrial insulation materials such as mineral wool, plastic foam, and calcium silicate can be formed easily into a pipe shape. Pipe form has high dimensional stability and compressive strength. Presence of these properties acts as the major driver for the use of pipe form in industrial insulation.

“APAC is projected to be the largest industrial insulation market during the forecast period.”

APAC was the most promising market for industrial insulation in 2018, and the trend is expected to continue during the forecast period. The growing population, increasing demand for petrochemical-based products, rapid industrialization, and urbanization are demanding more electricity, hence driving the APAC industrial insulation market. Shifting demographics such as aging population, growing awareness about health & fitness, and improving lifestyle standard are responsible for the high growth of the market in the food & beverages segment.

Breakdown of primary participants’ profile:

  • By Company Type: Tier I–25%, Tier II–50%, and Tier III–25%
  • By Designation: C Level–20%, Director Level –30%, and Others–50%
  • By Region: North America–22%, Europe–33%, APAC–28%, and RoW – 17%

Study Objectives:

  • To forecast the market size with respect to four regions, namely, Asia-Pacific, Europe, North America, the Middle East & Africa, and South America along with their key countries
  • To define, describe, and forecast the size of the industrial insulation market in terms of value only
  • To provide detailed information about the key factors (drivers, restraints, challenges, and opportunities) influencing the market growth
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for the market leaders
  • To analyze competitive developments such as new product development, investment & expansion, and merger & acquisition in the market

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Competitive Landscape of Industrial Insulation Market:

1 Overview

2 Competitive Leadership Mapping, 2018

2.1 Visionary Leaders

2.2 Innovators

2.3 Dynamic Differentiators

2.4 Emerging Companies

3 Competitive Benchmarking

3.1 Strength of Product Portfolio

3.2 Business Strategy Excellence

4 Market Ranking of Key Players, 2018

5 Competitive Situation & Trends

5.1 Investment & Expansion

5.2 Merger & Acquisition

5.3 New Product Launch

5.4 Agreement & Collaboration

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