Tank Insulation Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Tank Insulation Market covers analysis By Type (Transportation Tank Insulation, and Storage Tank Insulation), Material (Cellular Glass, EPS, Fiberglass, Elastomeric Foam, Rockwool, PU & PIR, and Others), Temperature (Hot Insulation, and Cold Insulation), End User (Energy & Power, Food & Beverage, Chemical, Oil & Gas, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00003249
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 150
Buy Now

The tank insulation is required to preserve the temperature inside the tank with any irregular shape. The insulation is required to avoid sweating over the surfaces and for void free insulation also. On the industry level, the tank insulation system requires a jacketing and covering to reduce heat loss or heat gain for large, flat-bottomed tanks that store materials that are sensitive to temperature fluctuations. The insulation is used in several tank applications including, asphalt, crude & fire water tanks, thermal energy storage (TES) tanks, beverage & fermentation tanks, and equipment, coke drums & hot boxes.

The tank insulation market is anticipated to grow with a significant rate in the coming years, due to growth in chemical manufacturing capacities and huge production of oil across the globe. However, rising demand from end-use industries such as, oil & gas, chemical, and energy & power for the storage of oil, chemicals, LNG, and thermal energy is anticipated to offer more growth opportunities for the players operating in the tank insulation market.

The "Global Tank Insulation Market Analysis to 2028" is a specialized and in-depth study of the chemical industry with a focus on the global market trend. The report aims to provide an overview of global market with detailed market segmentation by type, material, temperature, end user, and geography. The global tank insulation market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading tank insulation market players and offers key trends and opportunities in the market.

The global tank insulation market is segmented on the basis of type, material, temperature, and end user. On the basis of type, the tank insulation market is bifurcated into, transportation tank insulation, and storage tank insulation. Based on material, the market is classified as, cellular glass, EPS, fiberglass, elastomeric foam, rockwool, PU & PIR, and others. The tank insulation market is segmented on the basis of temperature into, hot insulation, and cold insulation. On the basis of end user, the tank insulation market is categorized as, energy & power, food & beverage, chemical, oil & gas, and others.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global tank insulation market based on type, material, temperature, and end user. It also provides market size and forecast till 2028 for overall market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The tank insulation market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 countries globally along with current trend and opportunities prevailing in the region.

Asia Pacific is expected to contribute to the largest share in the tank insulation market in the coming years, due to rising demand for storing and transporting tank fluids in a wide range of end-use industries such as chemicals, oil & gas, and energy & power in the region. However, North America is expected to witness significant growth in the market during the forecast period, owing to increasing investment and continuous industrialization & growth in the manufacturing sector in the region.

The report analyzes factors affecting tank insulation market from both demand and supply side and further evaluates market dynamics effecting 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 & Central America after evaluating political, economic, social and technological factors effecting the tank insulation market in these regions.

The report also includes the profiles of key tank insulation manufacturing companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years. Some of the key players operating in the tank insulation market include, Armacell, ROCKWOOL International A/S, Cabot Corporation, Owens Corning, BASF SE, Johns Manville, Saint-Gobain, Knauf Insulation, Covestro AG, and Kingspan Group among others. REGIONAL FRAMEWORK
World Geography

Have a question?

Analyst

Shejal

Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst   Speak to Analyst
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
MARKET PLAYERS
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1. Tank Insulation Market- By Type
1.3.2. Tank Insulation Market- By Material
1.3.3. Tank Insulation Market- By Temperature
1.3.4. Tank Insulation Market- By End User
1.3.5. Tank Insulation Market- By Region
1.3.5.1. By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. TANK INSULATION MARKET LANDSCAPE
4.1. MARKET OVERVIEW
4.2. PEST ANALYSIS
4.2.1. North America - PEST Analysis
4.2.2. Europe - PEST Analysis
4.2.3. Asia Pacific - PEST Analysis
4.2.4. Middle East & Africa - PEST Analysis
4.2.5. South and Central America - PEST Analysis

5. TANK INSULATION MARKET- KEY INDUSTRY DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. TANK INSULATION MARKET- GLOBAL ANALYSIS
6.1. TANK INSULATION MARKET - GLOBAL MARKET OVERVIEW
6.2. TANK INSULATION MARKET - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE OF KEY PLAYERS

7. TANK INSULATION MARKET REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. TRANSPORTATION TANK INSULATION MARKET
7.3.1. Overview
7.3.2. Transportation Tank Insulation Market Forecast and Analysis (US$ Mn)
7.4. STORAGE TANK INSULATION MARKET
7.4.1. Overview
7.4.2. Storage Tank Insulation Market Forecast and Analysis (US$ Mn)

8. TANK INSULATION MARKET REVENUE AND FORECASTS TO 2028 - MATERIAL
8.1. OVERVIEW
8.2. MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. CELLULAR GLASS MARKET
8.3.1. Overview
8.3.2. Cellular Glass Market Forecast and Analysis (US$ Mn)
8.4. EPS MARKET
8.4.1. Overview
8.4.2. EPS Market Forecast and Analysis (US$ Mn)
8.5. FIBERGLASS MARKET
8.5.1. Overview
8.5.2. Fiberglass Market Forecast and Analysis (US$ Mn)
8.6. ELASTOMERIC FOAM MARKET
8.6.1. Overview
8.6.2. Elastomeric Foam Market Forecast and Analysis (US$ Mn)
8.7. ROCKWOOL MARKET
8.7.1. Overview
8.7.2. Rockwool Market Forecast and Analysis (US$ Mn)
8.8. PU & PIR MARKET
8.8.1. Overview
8.8.2. PU & PIR Market Forecast and Analysis (US$ Mn)
8.9. OTHER MATERIALS MARKET
8.9.1. Overview
8.9.2. Other Materials Market Forecast and Analysis (US$ Mn)

9. TANK INSULATION MARKET REVENUE AND FORECASTS TO 2028 - TEMPERATURE
9.1. OVERVIEW
9.2. TEMPERATURE MARKET FORECASTS AND ANALYSIS
9.3. HOT INSULATION MARKET
9.3.1. Overview
9.3.2. Hot Insulation Market Forecast and Analysis (US$ Mn)
9.4. COLD INSULATION MARKET
9.4.1. Overview
9.4.2. Cold Insulation Market Forecast and Analysis (US$ Mn)

10. TANK INSULATION MARKET REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. ENERGY & POWER MARKET
10.3.1. Overview
10.3.2. Energy & Power Market Forecast and Analysis (US$ Mn)
10.4. FOOD & BEVERAGE MARKET
10.4.1. Overview
10.4.2. Food & Beverage Market Forecast and Analysis (US$ Mn)
?
10.5. CHEMICAL MARKET
10.5.1. Overview
10.5.2. Chemical Market Forecast and Analysis (US$ Mn)
10.6. OIL & GAS MARKET
10.6.1. Overview
10.6.2. Oil & Gas Market Forecast and Analysis (US$ Mn)
10.7. OTHER END USERS MARKET
10.7.1. Overview
10.7.2. Other End Users Market Forecast and Analysis (US$ Mn)

11. TANK INSULATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA TANK INSULATION MARKET
11.1.1. North America Tank Insulation Market Forecasts and Analysis (US$ Mn)
11.1.2. North America Tank Insulation Market Forecasts and Analysis - By Type (US$ Mn)
11.1.3. North America Tank Insulation Market Forecasts and Analysis - By Material (US$ Mn)
11.1.4. North America Tank Insulation Market Forecasts and Analysis - By Temperature (US$ Mn)
11.1.5. North America Tank Insulation Market Forecasts and Analysis - By End Users (US$ Mn)
11.1.6. North America Tank Insulation Market Forecasts and Analysis - By Country
11.1.7. US Market Overview
11.1.7.1. US Tank Insulation Market Forecasts and Analysis - By Type (US$ Mn)
11.1.7.2. US Tank Insulation Market Forecasts and Analysis - By Material (US$ Mn)
11.1.7.3. US Tank Insulation Market Forecasts and Analysis - By Temperature (US$ Mn)
11.1.7.4. US Tank Insulation Market Forecasts and Analysis - By End Users (US$ Mn)
11.1.8. Canada Market Overview
11.1.8.1. Canada Tank Insulation Market Forecasts and Analysis - By Type (US$ Mn)
11.1.8.2. Canada Tank Insulation Market Forecasts and Analysis - By Material (US$ Mn)
11.1.8.3. Canada Tank Insulation Market Forecasts and Analysis - By Temperature (US$ Mn)
11.1.8.4. Canada Tank Insulation Market Forecasts and Analysis - By End Users (US$ Mn)
11.1.9. Mexico Market Overview
11.1.9.1. Mexico Tank Insulation Market Forecasts and Analysis - By Type (US$ Mn)
11.1.9.2. Mexico Tank Insulation Market Forecasts and Analysis - By Material (US$ Mn)
11.1.9.3. Mexico Tank Insulation Market Forecasts and Analysis - By Temperature (US$ Mn)
11.1.9.4. Mexico Tank Insulation Market Forecasts and Analysis - By End Users (US$ Mn)
11.2. EUROPE TANK INSULATION MARKET
11.2.1. Europe Tank Insulation Market Forecasts and Analysis (US$ Mn)
11.2.2. Europe Tank Insulation Market Forecasts and Analysis - By Type (US$ Mn)
11.2.3. Europe Tank Insulation Market Forecasts and Analysis - By Material (US$ Mn)
11.2.4. Europe Tank Insulation Market Forecasts and Analysis - By Temperature (US$ Mn)
11.2.5. Europe Tank Insulation Market Forecasts and Analysis - By End Users (US$ Mn)
11.2.6. Europe Tank Insulation Market Forecasts and Analysis - By Country
11.2.7. UK Market Overview
11.2.7.1. UK Tank Insulation Market Forecasts and Analysis - By Type (US$ Mn)
11.2.7.2. UK Tank Insulation Market Forecasts and Analysis - By Material (US$ Mn)
11.2.7.3. UK Tank Insulation Market Forecasts and Analysis - By Temperature (US$ Mn)
11.2.7.4. UK Tank Insulation Market Forecasts and Analysis - By End Users (US$ Mn)
11.2.8. Germany Market Overview
11.2.8.1. Germany Tank Insulation Market Forecasts and Analysis - By Type (US$ Mn)
11.2.8.2. Germany Tank Insulation Market Forecasts and Analysis - By Material (US$ Mn)
11.2.8.3. Germany Tank Insulation Market Forecasts and Analysis - By Temperature (US$ Mn)
11.2.8.4. Germany Tank Insulation Market Forecasts and Analysis - By End Users (US$ Mn)
11.2.9. France Market Overview
11.2.9.1. France Tank Insulation Market Forecasts and Analysis - By Type (US$ Mn)
11.2.9.2. France Tank Insulation Market Forecasts and Analysis - By Material (US$ Mn)
11.2.9.3. France Tank Insulation Market Forecasts and Analysis - By Temperature (US$ Mn)
11.2.9.4. France Tank Insulation Market Forecasts and Analysis - By End Users (US$ Mn)
11.2.10. Italy Market Overview
11.2.10.1. Italy Tank Insulation Market Forecasts and Analysis - By Type (US$ Mn)
11.2.10.2. Italy Tank Insulation Market Forecasts and Analysis - By Material (US$ Mn)
11.2.10.3. Italy Tank Insulation Market Forecasts and Analysis - By Temperature (US$ Mn)
11.2.10.4. Italy Tank Insulation Market Forecasts and Analysis - By End Users (US$ Mn)
11.2.11. Spain Market Overview
11.2.11.1. Spain Tank Insulation Market Forecasts and Analysis - By Type (US$ Mn)
11.2.11.2. Spain Tank Insulation Market Forecasts and Analysis - By Material (US$ Mn)
11.2.11.3. Spain Tank Insulation Market Forecasts and Analysis - By Temperature (US$ Mn)
11.2.11.4. Spain Tank Insulation Market Forecasts and Analysis - By End Users (US$ Mn)
11.3. ASIA PACIFIC TANK INSULATION MARKET
11.3.1. Asia Pacific Tank Insulation Market Forecasts and Analysis (US$ Mn)
11.3.2. Asia Pacific Tank Insulation Market Forecasts and Analysis - By Type (US$ Mn)
11.3.3. Asia Pacific Tank Insulation Market Forecasts and Analysis - By Material (US$ Mn)
11.3.4. Asia Pacific Tank Insulation Market Forecasts and Analysis - By Temperature (US$ Mn)
11.3.5. Asia Pacific Tank Insulation Market Forecasts and Analysis - By End Users (US$ Mn)
11.3.6. Asia Pacific Tank Insulation Market Forecasts and Analysis - By Country
11.3.7. Japan Market Overview
11.3.7.1. Japan Tank Insulation Market Forecasts and Analysis - By Type (US$ Mn)
11.3.7.2. Japan Tank Insulation Market Forecasts and Analysis - By Material (US$ Mn)
11.3.7.3. Japan Tank Insulation Market Forecasts and Analysis - By Temperature (US$ Mn)
11.3.7.4. Japan Tank Insulation Market Forecasts and Analysis - By End Users (US$ Mn)
11.3.8. India Market Overview
11.3.8.1. India Tank Insulation Market Forecasts and Analysis - By Type (US$ Mn)
11.3.8.2. India Tank Insulation Market Forecasts and Analysis - By Material (US$ Mn)
11.3.8.3. India Tank Insulation Market Forecasts and Analysis - By Temperature (US$ Mn)
11.3.8.4. India Tank Insulation Market Forecasts and Analysis - By End Users (US$ Mn)
11.3.9. China Market Overview
11.3.9.1. China Tank Insulation Market Forecasts and Analysis - By Type (US$ Mn)
11.3.9.2. China Tank Insulation Market Forecasts and Analysis - By Material (US$ Mn)
11.3.9.3. China Tank Insulation Market Forecasts and Analysis - By Temperature (US$ Mn)
11.3.9.4. China Tank Insulation Market Forecasts and Analysis - By End Users (US$ Mn)
11.3.10. Australia Market Overview
11.3.10.1. Australia Tank Insulation Market Forecasts and Analysis - By Type (US$ Mn)
11.3.10.2. Australia Tank Insulation Market Forecasts and Analysis - By Material (US$ Mn)
11.3.10.3. Australia Tank Insulation Market Forecasts and Analysis - By Temperature (US$ Mn)
11.3.10.4. Australia Tank Insulation Market Forecasts and Analysis - By End Users (US$ Mn)
?
11.3.11. South Korea Market Overview
11.3.11.1. South Korea Tank Insulation Market Forecasts and Analysis - By Type (US$ Mn)
11.3.11.2. South Korea Tank Insulation Market Forecasts and Analysis - By Material (US$ Mn)
11.3.11.3. South Korea Tank Insulation Market Forecasts and Analysis - By Temperature (US$ Mn)
11.3.11.4. South Korea Tank Insulation Market Forecasts and Analysis - By End Users (US$ Mn)
11.4. MIDDLE EAST & AFRICA (MEA) TANK INSULATION MARKET
11.4.1. Middle East & Africa (MEA) Tank Insulation Market Forecasts and Analysis (US$ Mn)
11.4.2. Middle East & Africa (MEA) Tank Insulation Market Forecasts and Analysis - By Type (US$ Mn)
11.4.3. Middle East & Africa (MEA) Tank Insulation Market Forecasts and Analysis - By Material (US$ Mn)
11.4.4. Middle East & Africa (MEA) Tank Insulation Market Forecasts and Analysis - By Temperature (US$ Mn)
11.4.5. Middle East & Africa (MEA) Tank Insulation Market Forecasts and Analysis - By End Users (US$ Mn)
11.4.6. Middle East & Africa (MEA) Tank Insulation Market Forecasts and Analysis - By Country
11.4.7. South Africa Market Overview
11.4.7.1. South Africa Tank Insulation Market Forecasts and Analysis - By Type (US$ Mn)
11.4.7.2. South Africa Tank Insulation Market Forecasts and Analysis - By Material (US$ Mn)
11.4.7.3. South Africa Tank Insulation Market Forecasts and Analysis - By Temperature (US$ Mn)
11.4.7.4. South Africa Tank Insulation Market Forecasts and Analysis - By End Users (US$ Mn)
11.4.8. Saudi Arabia Market Overview
11.4.8.1. Saudi Arabia Tank Insulation Market Forecasts and Analysis - By Type (US$ Mn)
11.4.8.2. Saudi Arabia Tank Insulation Market Forecasts and Analysis - By Material (US$ Mn)
11.4.8.3. Saudi Arabia Tank Insulation Market Forecasts and Analysis - By Temperature (US$ Mn)
11.4.8.4. Saudi Arabia Tank Insulation Market Forecasts and Analysis - By End Users (US$ Mn)
11.4.9. UAE Market Overview
11.4.9.1. UAE Tank Insulation Market Forecasts and Analysis - By Type (US$ Mn)
11.4.9.2. UAE Tank Insulation Market Forecasts and Analysis - By Material (US$ Mn)
11.4.9.3. UAE Tank Insulation Market Forecasts and Analysis - By Temperature (US$ Mn)
11.4.9.4. UAE Tank Insulation Market Forecasts and Analysis - By End Users (US$ Mn)
11.5. SOUTH AND CENTRAL AMERICA TANK INSULATION MARKET
11.5.1. South and Central America Tank Insulation Market Forecasts and Analysis (US$ Mn)
11.5.2. South and Central America Tank Insulation Market Forecasts and Analysis - By Type (US$ Mn)
11.5.3. South and Central America Tank Insulation Market Forecasts and Analysis - By Material (US$ Mn)
11.5.4. South and Central America Tank Insulation Market Forecasts and Analysis - By Temperature (US$ Mn)
11.5.5. South and Central America Tank Insulation Market Forecasts and Analysis - By End Users (US$ Mn)
11.5.6. South and Central America Tank Insulation Market Forecasts and Analysis - By Country
11.5.7. Brazil Market Overview
11.5.7.1. Brazil Tank Insulation Market Forecasts and Analysis - By Type (US$ Mn)
11.5.7.2. Brazil Tank Insulation Market Forecasts and Analysis - By Material (US$ Mn)
11.5.7.3. Brazil Tank Insulation Market Forecasts and Analysis - By Temperature (US$ Mn)
11.5.7.4. Brazil Tank Insulation Market Forecasts and Analysis - By End Users (US$ Mn)
11.5.8. Argentina Market Overview
11.5.8.1. Argentina Tank Insulation Market Forecasts and Analysis - By Type (US$ Mn)
11.5.8.2. Argentina Tank Insulation Market Forecasts and Analysis - By Material (US$ Mn)
11.5.8.3. Argentina Tank Insulation Market Forecasts and Analysis - By Temperature (US$ Mn)
11.5.8.4. Argentina Tank Insulation Market Forecasts and Analysis - By End Users (US$ Mn)

12. INDUSTRY LANDSCAPE
12.1. ORGANIC GROWTH STRATEGIES
12.1.1. New Product Launches
12.1.2. Marketing & Promotional Activities
12.2. INORGANIC GROWTH STRATEGIES
12.2.1. Partnerships, Collaborations, and Joint Ventures
12.2.2. Mergers & Acquisitions

13. TANK INSULATION MARKET, KEY COMPANY PROFILES
13.1. ARMACELL
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Financial Overview
13.1.4. Product Portfolio
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. ROCKWOOL INTERNATIONAL A/S
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Financial Overview
13.2.4. Product Portfolio
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. CABOT CORPORATION
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Financial Overview
13.3.4. Product Portfolio
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. OWENS CORNING
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Financial Overview
13.4.4. Product Portfolio
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. BASF SE
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Financial Overview
13.5.4. Product Portfolio
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. JOHNS MANVILLE
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Financial Overview
13.6.4. Product Portfolio
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. SAINT-GOBAIN
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Financial Overview
13.7.4. Product Portfolio
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. KNAUF INSULATION
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Financial Overview
13.8.4. Product Portfolio
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. COVESTRO AG
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Financial Overview
13.9.4. Product Portfolio
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. KINGSPAN GROUP
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Financial Overview
13.10.4. Product Portfolio
13.10.5. SWOT Analysis
13.10.6. Key Developments

14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies

1. Armacell
2. ROCKWOOL International A/S
3. Cabot Corporation
4. Owens Corning
5. BASF SE
6. Johns Manville
7. Saint-Gobain
8. Knauf Insulation
9. Covestro AG
10. Kingspan Group

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Tank Insulation Market