MARKET OVERVIEW
Industrial insulations are used to protect operations and employees from heat, fire, noise, and corrosion. Industrial insulation is designed specifically for the equipment it will be covering. Raw materials such as wool, foams, fibers, and many others are used for making industrial insulations. Industrial insulations are used in various industries such as petrochemicals, power generation, refining or gas processing, etc.
MARKET SCOPE
The "Global Industrial Insulation Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the industrial insulation market with detailed market segmentation by raw material, product, end-use, and geography. The report provides key statistics on the market status of the industrial insulation market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on raw material, the global industrial insulation market is segmented into wool, foams, fibres, and others
- Based on product, the global industrial insulation market is segmented into pipe, board, blanket, and others.
- Based on end-use, the market is bifurcated into power generation, chemical & petrochemical, cement, food & beverage, and others
MARKET DYNAMICS
Drivers:
- A major factor for the growth of the market is increasing industrial and infrastructure activities across the globe.
- Increasing requirements for power and energy will further fuel the market growth.
Restraints:
- However, the high cost associated with the installation will create an impact on market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The industrial insulation market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the industrial insulation in these regions.
IMPACT OF COVID-19 ON INDUSTRIAL INSULATION MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the industrial insulation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from industrial insulation market are anticipated to witness lucrative growth opportunities in the future with the rising demand for industrial insulation in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the industrial insulation market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Owens Corning
- Saint-Gobain
- Knauf Insulation
- ROCKWOOL International A/S
- Armacell
- Kingspan Group
- NICHIAS Corporation.
- Etex Group
- Cabot Corporation.
- Thomas Insulation Corporation
- Johns Manville.
- Paroc Group
- Insulcon group
- Synergy Thermal Insulation.co., Ltd.
- Aspen Aerogels, Inc.
- McAllister Mills, Inc.
- Thermocare Rock wool (I) Pvt. Ltd.
- Paramount
- Aeroflex India Pvt. Ltd.
- KUMTEK
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.