The global technical insulation market size is expected to reach USD 10.87 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to increasing usage of technical insulation across industrial, offshore, and marine sectors as it provides a very cost-effective option to protect buildings, systems, and structures.
Increasing awareness across various industries regarding the need for optimized insulation of process equipment and higher insulation standards for building service equipment in order to achieve higher energy efficiency is expected to drive growth of the technical insulation market during the forecast period. Better temperature regulation enables better ability to reduce costs and minimize CO2 emissions generated by industries each year. Rising need to reduce energy consumption for heating and cooling of commercial buildings and minimize the usage of fossil fuels has resulted in increasing utilization of technical insulation.
The investigative approach applied for the extensive analysis of the sale, gross margin and profit generated by the industry are presented through resources including tables, charts, and graphic images. Importantly, these resources can be easily integrated or used for preparing business or corporate presentations.
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Some Key Highlights From the Report
In January 2020, Owens Corning, which is a leading global producer of fiberglass insulation launched next-generation insulation product made by PureFiber Technology. The next-generation insulation product is non-combustible, soft to the touch, easy to use, cut and spilt, has high strength, low permeability, and eliminates the use of weld mesh for support.
Hot insulation segment accounted for largest revenue share in 2020. Rising need to prevent pipes from overheating while keeping the warmth inside the pipe is driving demand for hot insulation materials across industrial, marine, and offshore sectors.
Heating & plumbing segment revenue is expected to expand at a rapid CAGR during the forecast period. Increasing demand for cost-effective insulated pipes with outstanding technical properties is boosting utilization of technical insulation.
Industrial & OEM segment accounted for a significantly large revenue share in the technical insulation market in 2020. Rising need to reduce energy bills and minimize CO2 emissions generated by industries each year to achieve higher energy efficiency is expected to continue to drive demand for technical insulation across various industries.
Asia Pacific accounted for largest revenue share contribution to the global technical insulation market in 2020. Increasing investment by private and public organizations in the infrastructure sector in countries such as India, China, South Korea, and Indonesia is expected to open up lucrative opportunities for manufacturers of technical insulation materials during the forecast period.
Key players in the market include Rockwool International A/S, Saint-Gobain Isover, Owens Corning, Knauf Insulation, Kingspan Group plc, Armacell International S.A., L’Isolante K-Flex S.p.A., Morgan Advanced Materials, Etex Group, and Aspen Aerogels, Inc.
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Product type Outlook (Revenue, USD Billion; 2018–2028)
Application Outlook (Revenue, USD Billion; 2018–2028)
Heating & Plumbing
End-use Outlook (Revenue, USD Billion; 2018–2028)
Industrial & OEM
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Key questions answered in the report
What will be the market size in terms of value and volume in the next five years?
Which segment is currently leading the market?
In which region will the market find its highest growth?
Which players will take the lead in the market?
What are the key drivers and restraints of the market’s growth?
The report segments the Technical Insulation market on the basis of geography, end-user, end-use, product application, type, share, growth rate and size to reveal where the industry will be in the coming years. The researchers assessing the industry have included the details about the recent decisions and events such acquisition and mergers, collaborations, product launch and investments. Important decisions connected with such events come handy for business owners when positioning their brands in the global market and finalizing the marketing strategies.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Technical Insulation Market Segmentation & Impact Analysis
4.1. Technical Insulation Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
126.96.36.199. Stringent environmental regulations
188.8.131.52. Rising need to reduce bacterial or algal contamination in water systems
184.108.40.206. Increasing demand for biocides for municipal water treatment
4.2.3. Market restraints analysis
220.127.116.11. Fluctuating prices of raw material
18.104.22.168. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Technical Insulation Market By Application Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 6. Technical Insulation Market By Product type Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 7. Technical Insulation Market Regional Outlook
Chapter 8. Competitive Landscape