The report analyzes and forecasts the Industrial Insulation market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2018 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
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The report comprises a detailed value chain analysis, which provides a comprehensive view of the global Industrial Insulation market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.
Insulation is the process of using compound or material made up of different compounds that are able of limiting the flow of heat or thermal energy. Insulation materials carry out the utilities such as energy conservation, process control, condensation control, freeze protection, noise reduction, and prominently, decrease of environmental pollution. While selecting suitable insulation material, factors such as vibration, physical stress, fire protection, service & maintenance and operating temperature have to be kept in mind.
Sustainable growth in insulation technologies and government initiatives to encourage energy efficiency is driving growth of this market. Rising costs of energy have obstructed key industries on account of augmented operational costs. This challenge hampers the growth of this market significantly. Low environmental impact and improved process security are expected to boost the growth of this market.
The market can be bifurcated on the basis of product, application and geography. By product, industrial insulation market can be segmented into glass wool, foamed plastic, CMS fibers, stone wool, cellular glass, calcium silicate elastomeric foam, others such as perlite, aerogel, micro silica. By application, industrial insulation market can be segmented into power generation, EIP industries, LNG/LPG petrochemical & refineries, and others. On the basis of geography, the industrial insulation market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.
Some of the major players involved in industrial insulation market include
- Industrial Insulation Group LLC
- Cellofoam North America, Inc.
- Insulcon Group
- URSA Insulation S.A.
- Isolatek International, Inc
Market By Product
- Stone Wool
- Glass Wool
- CMS Fibers
- Calcium Silicate
- Cellular Glass
- Foamed Plastic
- Elastomeric Foam
- Others (Perlite, Aerogel, Micro Silica)
Market By Application
- Power Generation
- Petrochemical & Refineries
- EIP Industries
Market By Geography
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Rest of LATAM
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of MEA
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The report provides size (in terms of volume and value) of Industrial Insulation market for the base year 2017 and the forecast between 2018 and 2026 Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding. Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
Key Questions Answered in the Report
The report addresses key questions concerning the market evolution and overarching trends shaping global market growth. Some of the key questions answered in the report include-
- What is the overall structure of the market?
- What was the historical value and what is the forecasted value of the market?
- What are the key product level trends in the market?
- What are the market level trends in the market?
- Which of the market players are leading and what are their key differential strategies to retain their stronghold?
- Which are the most lucrative regions in the market space?
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