Insulation Industry Is Expected To Grow Due To Stringent Regulations Regarding Safe Environmental Conditions | Report To 2030
Grand View Research’s insulation industry database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.
Access the Global Insulation Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies
Industrial Insulation Market Highlights
The global industrial insulation market size is expected to reach USD 12.10 billion by 2030, expanding at a compound annual growth rate (CAGR) of 5.0%, according to a new report by Grand View Research, Inc.
• Stone wool accounted for the largest market share of 21.6% in 2022, owing to its high-temperature tolerance, flame resistance, and its ability to offer thermal and acoustic insulation
• Pipe insulation led the market and accounted for about 47.76% share of the revenue in 2022. The market is projected to witness notable demand, expanding at a CAGR 5.5% from 2023 to 2030, due to its superior performance and ability to stabilize the process temperatures.
• Power generation industry is expected to witness a heightened demand for these products, owing to its ability to minimize power losses. Growing concerns regarding the energy management among the power generation industry across the globe is expected to drive the market growth over the forecast period.
Building Thermal Insulation Market Report Highlights
The global building thermal insulation market size is expected to reach USD 44.69 billion by 2030, expanding at 4.5% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc.
• EPS product segment accounted for 31% of the global building thermal insulation industry share in 2022. EPS exhibits excellent dielectric strength, and resistance to chemicals, heat, and moisture, making it a preferred material for insulation of electric components in building applications. Foamed plastics are expected to witness significant demand for building insulation applications, owing to the energy efficiency regulations imposed by various governments across the globe
• Flooring applications accounted for over 22% of the overall volume in 2022. To meet thermal insulation standards, the ground floor needs to be strong, and multi-layered foundation including flooring, underlayers, insulating layer, and a base. The insulation materials used for flooring applications require high compressive strength along with superior thermal barrier properties. Thus, XPS is one of the most popular materials used for insulation in flooring applications
• Thermal insulation is an essential component used widely in the building & construction industry with applications in residential, commercial, office, institutional, and industrial constructions. The residential construction segment is inclusive of residential buildings, apartments, complexes, and small houses. The growth in the number of single-family houses in developing economies and the rising disposable income of consumers are projected to drive residential construction activities. Thus, the growth of the residential construction sector along with growing building energy consumption norms are projected to positively influence the demand for insulation in above mentioned applications
• Asia Pacific is expected to witness the fastest growth rate, owing to the massive potential of the construction industry in the region, coupled with mandatory green energy building codes imposed by the various governments. The major economies in the region are anticipated to flourish over the forecast period on account of massive investments by various governments for the development of public infrastructure and the expansion of the residential construction sector, which is expected to benefit the product demand in Asia Pacific
Order your copy of Free Sample of “Insulation Industry Data Book - Insulation, Industrial Insulation, Building Thermal Insulation, Active Insulation, Electric Vehicle Insulation and Aerospace Insulation Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research
Active Insulation Market Report Highlights
The global active insulation market size is expected to reach USD 401.9 million by 2027, expanding at a revenue-based CAGR of 5.9%, according to a new report by Grand View Research, Inc.
• The demand for glass wool product for building and construction applications is expected to witness a CAGR of 5.1% by revenue, from 2020 to 2027, on account of its superior heat insulation coupled with ease of application in the construction industry
• Polyester emerged as the largest product segment for textile applications in 2019 and is estimated to generate revenue of USD 63.4 million by 2027 on account of efficient moisture handling, non-allergic, and non-itch property
• Global expanded polystyrene (EPS) demand in building and construction was estimated at USD 56.7 million in 2019 and is anticipated to witness staggered growth over the forecast period due to improved performance
• The U.S. market in sportswear application was estimated at USD 7.1 million in 2019 and is estimated to witness a notable growth rate from 2019 to 2027 on account of increased adoption of such products
• Key players including PrimaLoft, Inc.; Polartec; and Economical Building Systems dominated the active insulation market while accounting for over 65% of the total market share in 2019.
Aerospace Insulation Market Report Highlights
The global aerospace insulation market size is expected to reach USD 12.28billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.2% from 2020 to 2027.
• Ceramic materials are expected to witness the fastest growth from 2020 to 2027 on account of high product penetration in engine application
• By product, thermal insulation dominated the market with a share of 66.3% in 2019 owing to the extensive use of thermal insulation in aircraft manufacturing as well as aftermarket
• Based on end use, the military segment is expected to reach USD 3.02 billion by 2027 on account of rise in military spending by NATO countries to deal with growing threat of terrorism
• North America held the largest share of 40.74% in 2019 owing to increasing demand from the established aircraft industry in the region
• Key industry participants are focused on building long-term contracts with the end users in order to gain a competitive edge over their competitors.
Go through the table of content of Insulation Industry Data Book to get a better understanding of the Coverage & Scope of the study
Competitive Landscape
Some Key players operating in the Insulation Industry are –
• Rockwool Technical Insulation
• Paroc Group
• Knauf Gips KG
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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