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4100.00 US$ Global Industrial Insulation Market Pune

Published date: June 3, 2019
  • Location: Pune, Pune, Maharashtra, India

Global Industrial Insulation Market was valued US$ 11.58 Bn in 2017 and is expected to reach US$ 19.58 Bn by 2026, at a CAGR of 6.78 % during a forecast period.

Global Industrial Insulation Market

Insulation is a layer or coating of resistant material, which serves as a barrier to the targeted energy. Various industries use various Products of insulation for the purpose of energy conservation and improve the efficiency of machines, systems, equipment and components. The industrial insulations fulfil the purpose of protection and avoid energy loss from the body it is applied on to. The industrial insulation materials are generally non-conducting materials, which act as a barrier to the flow of heat, sound, moisture and others. During such processes industrial material transferring through pipes, and in vessels, boilers, storage tanks and other, these equipment’s are being insulated with insulation wraps/sheets, coatings and adhesive & sealants material to reduce the energy consumption as well to maintain nature of material.

In terms of application, the chemical processes segment accounts for highest share in terms of revenue in the global market. Chemical processes accounted for over 25% share of the global market and is projected to grow at the highest CAGR. The chemical process has been sub-segmented with the emergence of ethylene crackers as the leader, which accounted for USD 256.6 Mn in 2017. Followed by chemical processes, power generation segment is expected to attain promising growth over the assessment period 2017-2026.

As of 2017, North America was the most promising regional level industrial insulation market across the globe and the U.S. was the major contributor to this growth. Additionally, the U.S. has generated the largest revenue of US$ 789 Mn. China and India are collectively driving the growth of the Asia Pacific market and accounted for over 50% share of the regional market in 2017. As per our analysis, a large number of industries are present in China and it is expected to be the most promising country-level market over the review period, 2018-2026.

Key players operating in the global industrial insulation market are Asahi Kasei Corporation, Kingspan Group Plc, Johns Manville, Covestro AG, The Dow Chemicals Company, Armacell, Insulcon Group, Isolatek International, BASF SE, Owens Corning, Saint-Gobain S.A., and Saint-Gobain S.A.
Scope of Global Industrial Insulation Market:

Global Industrial Insulation Market, by Product:

• Wraps/Sheets
• Coatings
• Adhesive & Sealants
Global Industrial Insulation Market, by Application:

• Chemical Processes
• Power Generation
• Heat Exchangers
• Storage Tanks
• Boilers
• Hot & Cold Process Equipment
• Others
Global Industrial Insulation Market, by Region:

• North America
• Europe
• Middle East & Africa
• Asia Pacific
• Latin America

About Company Info –
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors
Report Published by: Maximize Market Research

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