Industrial Insulation Market High Hopes for Future Revenues as Market Size Continues to Rise
Industrial Insulation Industry Trend
The mineral wool insulation segment held the highest share in 2021, accounting for more than two-fifths of the global industrial insulation market.
WILMINGTON, DELAWARE, UNITED STATES, May 24, 2024 /EINPresswire.com/ -- According to a report published by Allied Market Research, the global industrial insulation market, valued at $7.8 billion in 2021, is projected to reach $12.7 billion by 2031, exhibiting a CAGR of 5.1% from 2022 to 2031. The report provides an extensive analysis of market dynamics, major segments, value chain, competitive landscape, and regional insights, offering valuable guidance for market participants.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ: https://www.alliedmarketresearch.com/request-sample/16298
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐ & ๐๐๐ญ๐๐ข๐ฅ๐ฌ
- Forecast Period: 2022โ2031
- Base Year: 2021
- Market Size in 2021: $7.8 billion
- Market Size in 2031: $12.7 billion
- CAGR: 5.1%
- Report Pages: 346
- Segments Covered: Material, Form, End Use Industry, and Region
๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ:
- Increasing demand for enhancing equipment efficiency and process performance.
- Rising need for energy conservation.
- Growing demand for industrial insulation.
๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ:
- Expansion in the building & construction industry.
๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ:
- High installation costs of insulating materials.
๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
- The report offers detailed segmentation based on material, form, end use industry, and region.
๐๐ฒ ๐๐๐ญ๐๐ซ๐ข๐๐ฅ:
- Mineral Wool Insulation: Held the highest market share in 2021 (over two-fifths).
- Plastic Foam: Expected to register the highest CAGR of 6.4% from 2022 to 2031.
๐๐ฒ ๐ ๐จ๐ซ๐ฆ:
Pipe Segment: Accounted for nearly half of the market share in 2021 and expected to manifest a CAGR of 5.4% during the forecast period.
๐๐ฒ ๐๐ง๐ ๐๐ฌ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
- Oil & Gas: Dominated the market in 2021, holding nearly one-third of the share.
๐๐ฒ ๐๐๐ ๐ข๐จ๐ง:
Asia-Pacific: Largest share in 2021 (over two-fifths) and expected to grow at the fastest CAGR of 6.4% through 2031. Other regions analyzed include Europe, North America, and LAMEA.
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
The report profiles key players in the global industrial insulation market, including:
- Armacell International SA
- BASF SE
- Cabot Corporation
- Johns Manville
- Kingspan Group PLC
- Knauf Insulation
- Nichias Corporation
- NMC Group
- Owens Corning
- Polyguard Materials Inc.
- Promat
- Rockwool Group
- Saint Gobain
- Solvay
- Thomas Insulation Corporation
These players have implemented strategies such as new product launches, collaborations, expansions, joint ventures, and agreements to enhance their market presence.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ข๐ง ๐๐ซ๐จ๐๐ฎ๐ซ๐ข๐ง๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ข๐ฌ๐ข๐ญ ๐๐๐ซ๐: https://www.alliedmarketresearch.com/industrial-insulation-market/purchase-options
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Market Research
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