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Dublin, March 16, 2021/PRNewswire/-"By form (pipes, blankets, boards), materials (mineral wool, calcium silicate, plastic foam), end-use industries (electricity, oil and gas, chemical and "Petrochemical, Cement, Food and Beverage) and Regions-Forecast to 2025" report has been added to ResearchAndMarkets.com's products.
By 2025, the global industrial insulation market is expected to increase from USD 2.4 billion in 2020 to USD 3 billion, with a compound annual growth rate of 5% during the forecast period.
Due to the increasing demand for electricity due to the growth of industrial activity and infrastructure development, emerging economies (such as the Asia-Pacific region, MEA and South America) have an increasing demand for industrial insulation.
Low awareness and volatility of crude oil prices and availability are the main constraints on the market. High installation costs and the requirement for skilled labor are the main challenges facing the industrial insulation market. Due to the growing demand for cost-effective and sustainable insulation materials, the demand for industrial insulation is rising. The increase in infrastructure spending in emerging economies also provides room for market growth.
During the forecast period, the pipeline segment is expected to be the fastest growing segment of the entire industrial insulation market
The most widely used form of insulation is pipelines used in end-use industries such as power, oil and gas, petrochemical, food and beverage, cement and metal processing. They cover the pipes used in these industries to control the flow of heat energy. Pipe insulation reduces energy loss to a large extent, thereby controlling energy prices. Therefore, providing proper insulation for pipelines is a necessary function for most heavy industries (such as power, petrochemical, and oil and gas).
During the forecast period, mineral wool is expected to become the fastest growing material in the entire industrial insulation market
Mineral wool is an inorganic insulating material. Mineral wool used in various end-use industries contains approximately 75% post-industrial recycled materials and does not require additional chemicals to prevent fire. Mineral wool has natural moisture resistance and can maintain its insulating properties even after getting wet during operation. Mineral wool can also effectively block sound, so the sound interference inside the building is minimal.
In the market segment of the terminal industry, the power sector is expected to lead the market in 2020
In the power industry, industrial insulation is used to cover boilers, furnaces, chimneys, heat storage tanks and other equipment. It is an important part of the installation and operation of power plants. It helps the boiler that produces steam keep the temperature at a certain level. Power generation facilities contain miles of mechanical pipelines that carry materials from one place to another. These pipes need to be insulated to maintain the temperature during power generation. Rapid industrialization has brought about economic growth, thereby improving the quality of life, which in turn promotes the demand for electricity in emerging economies, and thus promotes the industrial insulation market.
The Asia-Pacific region is expected to become the fastest growing industrial insulation market during the forecast period
During the forecast period, the industrial insulation market in the Asia-Pacific region is expected to record the highest compound annual growth rate. Demand in the Asia-Pacific region is driven by growing industrial activity, increased consumer and infrastructure spending, and strong economic growth. The Asia-Pacific region is the most promising market in 2019 and is expected to continue during the forecast period. The increase in population, the increase in electrification, the increase in disposable income, the rapid development of industrialization and the acceleration of urbanization are driving the development of the industrial insulation market in the Asia-Pacific region. Increasing the use of oil and natural gas for power generation, population growth, and growing demand for petrochemical products are the reasons for the rapid growth of the market in this field.
4 Premium Insights 4.1 Attractive Opportunities in the Industrial Insulation Market 4.2 Industrial Insulation Market, by Material 4.3 Industrial Insulation Market, by Form 4.4 Industrial Insulation Market, by End Use 4.5 Industrial Insulation Market: Major Countries 4.6 Asia Pacific: Industrial Insulation Market, by End -Use industry and country
5 Market overview 5.1 Introduction 5.2 Market dynamics 5.2.1 Driving factors 5.2.1.1 Increasing demand for electricity and energy in emerging and developed economies 5.2.1.2 Regulations for mandatory use of insulating materials 5.2.2 Restrictions 5.2.2.1 Fluctuations in raw material prices due to crude oil Price fluctuations 5.2.2.2 Low awareness of the use of insulation products 5.2.3 Opportunities 5.2.3.1 Increase in infrastructure spending in emerging economies 5.2.4 Challenges 5.2.4.1 High installation costs require skilled analysis labor 5.3 Patent 5.3. 1 Methodology 5.3.2 Document Type 5.3.3 Publication Trends-Past 5 Years 5.3.4 Insights 5.3.5 Jurisdiction Analysis 5.3.6 Top 10 Companies/Applicants 5.4 Trade Analysis 5.5 Regulatory Landscape 5.5.1 U.S. 5.5.2 Europe 5.5.3 Other 5.6 Ecosystem 5.7 Technical analysis 5.7.1 New technology-industrial insulation 5.8 Impact of COVID-19 on the industrial insulation market 5.8.1 COVID-19 5.8.2 Confirmed cases 5.8.3 Impact on the terminal industry 5.8. 3.1 Impact on customer output and strategies to increase production 5.8.3.2 Short-term strategies for managing cost structure and supply chain 5.9 Raw material analysis 5.9.1 Mineral wool 5.9.2 Calcium silicate 5.9.3 Plastic foam 5.10 Porter's five forces analysis 5.11 Value chain analysis 5.12 Macroeconomic indicators 5.13 Case study analysis
6 Industrial insulation market, according to form 6.1 Introduction 6.2 Piping 6.2.1 A large number of applications in various industries to promote the market 6.3 Blanket 6.3.1 Blanket-shaped insulation material is light in weight; 6.4 Board 6.4.1 Board insulation has good thermal resistance and reduction Heat conduction 6.5 Other
7 Industrial insulation market, introduced by material 7.1 7.2 Mineral wool 7.2.1 Use recycled materials in manufacturing to drive demand 7.2.2 Glass wool 7.2.3 Asbestos 7.3 Calcium silicate 7.3.1 Low cost and ease of use to drive demand for silicic acid Calcium 7.4 Plastic foam 7.4.1 Plastic foam is an energy-saving material, driving market growth 7.4.2 Polyurethane (PU) 7.4.3 Polystyrene (PS) 7.4.4 Polypropylene (PP) 7.5 Others
8 Industrial insulation market by end-use industry 8.1 Introduction 8.2 Electricity 8.2.1 Improved quality of life due to industrialized economic growth leads to an increase in power generation 8.3 Chemicals and petrochemicals 8.3.1 Increasing disposable income is driving demand for petrochemical products 8.4 Oil and natural gas 8.4.1 Rising energy demand in emerging economies drives the market 8.5 Cement 8.5.1 Increasing global infrastructure spending drives the market 8.6 Food and beverage 8.6.1 A large number of applications drives the market 8.7 Others
9 Industrial insulation market, introduced by region 9.1 9.2 North America 9.3 Asia Pacific 9.4 Europe 9.5 South America 9.6 Middle East and Africa
10 Competitive landscape 10.1 Overview 10.2 Market evaluation framework 10.3 Market share in 2019 10.4 Market ranking 10.4.1 Owens Corning 10.4.2 Saint-Gobain 10.4.3 Knauf Insulation 10.4.4 Rockwool Group 10.4.4 Rockwool Group 10.4.4 International evaluation Company 10.4.4 International Assessment) 10.5.1 Terminology/Terms 10.5.1.1 Stars 10.5.1.2. Emerging Leaders 10.5.2 Product Portfolio Strength 10.5.3 Business Excellence Strategy 10.6 Competitive Leadership Diagram (Other Major Participants) 10.6.1 Terminology Company/10.16.10.16 Progress. 1.2 Responding to the company 10.6.1.3 Starting point 10.6.2 Product portfolio strength 10.6.3 Excellent business strategy 10.7 Key market development 10.7.1 Investment and expansion 10.7.2 New product/technology release 10.7.3 M&A 410 Partnerships & Agreements 10.8 Revenue Analysis
11 Company Overview 11.1 Owens Corning 11.2 Saint-Gobain 11.3 Knauf Insulation Rock Wool 11.4 11.5 Group International Armaise SA 11.6 Insulcon BV 11.7 Johns Manville Company 11.8 Solid Temperature China Group Company 11.9 NICHIAS Company 11.10 Security (ETEX Group) 11.11 and other main forces Player 11.11.11 Aerofoam USA LLC 11.11. 2 Arabian Fiberglass Insulation Material Co., Ltd. 11.11.3 Beijing Hawke Board Building Materials Co., Ltd. 11.11.4 Beijing New Building Materials (Group) Co., Ltd. 11.11.5 Cabot Corporation 11.11.6 Dyplast Products 11.11.7 Glassrock Insulation Material Company SAE 11.11.8 L'Isolante K-Flex SpA 11.11.9 NMC International SA 11.11.10 PGF insulation 11.11.11 Tecresa Proteccion Pasiva, SL 11.11.12 Temati 11.11.13 Unifrax 11.11.14 Union Foam Industrial Ins
12 Adjacent/Related Markets 12.1 Restrictions 12.2 OEM Insulation Market 12.2.1 OEM Insulation Market, Market Overview 12.2.2 OEM Insulation Market, by Material Type 12.2.2.1 Foam 12.2.2.2 Mineral Wool/Fiber 12.2.2.2 Mineral Wool/Fiber 12.2.2.2 Other 2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2.2. 3 3 OEM insulation market, according to end-use industry 12.2.3.1 Industry 12.2.3.2 Construction and construction industry 12.2.3.3 Petroleum and petrochemical industry 12.2.3.4 Power generation industry 12.2.3.5 Food processing industry 12.2.3.6 Refrigeration industry 12.2.3.7 Subsea 12.2. 3.8 Other 12.2.3.9 Consumer 12.2.3.10 Transportation 12.2.4 OEM insulation market by region 12.2.4.1 Asia-Pacific region 12.2.4.2 North America 12.2.4.3 Western Europe 12.2.4.4 Central and Eastern Europe 12.2.4.4. 12. Southern and Eastern Europe. 12.25 4.6 Middle East and Africa 12.3 High-temperature insulation market 12.3.1 High-temperature insulation market, according to material type 12.3.1.1 Ceramic fiber 12.3.1.2 Insulating refractory brick 12.3.1.3 Calcium silicate 12.3.2 High-temperature insulation marking, etc., according to temperature range 12.3.2.1 600C -1,100C (1,112F-2,012F) temperature range 12.3.2.2 1,100C -1,500C (2,012F-2,732F) temperature range 12.3.2.3 -1,270C (1,270F) 3,092F) temperature range 12.3.2.4 1,700C ( 3,092F) and above temperature range 12.3.3 8 High temperature insulation material market, according to the end-use industry 12.3.3.1 Petrochemical 12.3.3.2 Ceramics 12.3.3.3 Glass 12 Aluminum. 12. .3.5 Steel 12.3.3.6 Cement 12.3.3.7 Refractories 12.3 .3.8 Powder metallurgy 12.3.3.9 Other 12.3.4 High-temperature insulation materials market, by region 12.3.4.1 Asia-Pacific region 12.3.4.2 12.3.4.2 Europe 12.3.4.2 North America. 4.3.3.2 Europe, East Africa and Africa 12.3.4.5 South America
13 Appendix 13.1 Discussion Guide 13.2 Knowledge Base: Subscription Portal 13.3 Available Customizations 13.4 Sample Customizations (Previous Version) 13.4.1 Netherlands
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