Industrial Insulation Market Size Is Expected To Reach USD 9.76 Billion By 2025 : Grand View Research Inc.

Industrial Insulation Market

San Francisco, 5 November 2019: The Report Industrial Insulation Market Size Report By Material, (Stone Wool, Glass Wool, Foamed Plastic), By Product, By Application (Power Generation, EIP), By Region, And Segment Forecasts, 2019 – 2025

The global industrial insulation market size is expected to reach USD 9.76 billion by 2025, at a CAGR of 5.1%, according to a new report by Grand View Research, Inc. Increasing usage of thermal insulation for industrial equipment to improve energy efficiency is expected to drive the growth.

The raw materials used to manufacture various industrial insulation products such as glass and stone wool are available in abundance. However, the price of insulation raw materials derived from petrochemicals is subject to a notable change as the crude oil prices fluctuate. This results in an increase in the supplier bargaining power.
The market is under high scrutiny from government environmental agencies including the Environment Protection Agency (EPA) and Registration, Evaluation, Authorization and Restriction of Chemicals (REACH). These agencies have imposed stringent regulations on the materials used for manufacturing these products. Government support to develop sustainable manufacturing practices is expected to propel technological advances aimed at production of eco-friendly products.

The industrial insulation market exhibits high entry barriers, owing to the presence of a large number of players. In addition, capital intensive nature of the market ensures the requirement of substantial amount of time, planning, and resources for market entry and sustenance. High production volumes realized by the major players has resulted in economies of scale which may discourage new entrants.

Access Research Report of Industrial Insulation Market @ https://www.grandviewresearch.com/industry-analysis/industrial-insulation-market

Further key findings from the report suggest:
  • Glass wool accounted for the largest market share of 22.3% in 2018, owing to its high temperature tolerance, flame resistance, and ability to offer thermal as well as acoustic insulation
  • Pipe insulation accounted for the largest market share in 2018 and is estimated to reach USD 4.65 billion by 2025, owing to increasing demand from industrial plants for controlling and stabilizing the process temperatures and prevention of condensation to limit pipe corrosion
  • Power generation is estimated to exhibit fastest CAGR of 6.9% in terms of revenue, from 2019 to 2025, owing to increasing product usage to minimize thermal losses
  • Asia Pacific accounted for a revenue of USD 1.68 billion in 2018 and is expected to exhibit the fastest CAGR over the forecast period, attributed to the rapid economic developmentcoupled with rising adoption of such products
  • Major companies operating in the industrial insulation market focus on extending their product portfolio through development of cost-efficient materials. They prioritize R&D of low-cost materials that provide superior insulating properties.
Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber

Grand View Research has segmented the global industrial insulation market on the basis of material, product, application, and region:
Industrial Insulation Material Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
  • Stone Wool
  • Glass Wool
  • CMS Fibers
  • Calcium Silicate
  • Cellular Glass
  • Foamed Plastic
  • Perlite
  • Aerogel
  • Cellulose
  • Elastomeric Foam
  • Micro Silica
  • Others
Industrial Insulation Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
  • Pipe
  • Board
  • Blanket
  • Others
Industrial Insulation Application Type Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
  • Power Generation
  • Petrochemical & Refineries
  • EIP Industries
  • LNG/LPG
  • Others
Industrial Insulation Regional Outlook (Volume, Kilotons; Revenue; USD Million, 2014 - 2025)
  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa
Access Press Release of Industrial Insulation Market @ https://www.grandviewresearch.com/press-release/global-industrial-insulation-market

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com

Comments

Post a Comment

Popular posts from this blog

Asia Pacific PoC Diagnostics Market Growth Opportunities, Industry Analysis And Forecast: Grand View Research Inc.

Image
San Francisco, 18 March 2020 :  The Report   Asia Pacific PoC Diagnostics Market  Analysis And Segment Forecasts To 2020 The Asia Pacific point of care (PoC) diagnostics market is expected to reach USD 5,427.1 million by 2020, according to a new study by Grand View Research, Inc. Growing base of geriatric population and the ability to render immediate results and improve patient care coupled with rising market penetration of PACS (picture archiving and communication systems) and EMR (electronic medical records) are expected to drive demand over the next six years. Skilled staff shortages, especially pertaining to the field of diagnostics are also expected to accelerate the market penetration rates of PoC products, by expediting lab automation processes. Rising demand for home healthcare and other healthcare establishments catering to the elderly population and initiatives undertaken by governments to shorten hospital stays by establishing out-patient care models are also expect
Read more

Food Additives Market Size & Share Hit USD 55.53 Billion By 2022 : Grand View Research Inc.

Image
San Francisco, 17 October 2019:   The Report   Global Food Additives Market   Analysis By Product Flavors & Enhancers (Natural, Artificial), Sweeteners (High Intensity, HFCS), Enzymes, Emulsifiers (Mono, Di-Glycerides, Lecithin, Stearoyl Lactylates, Sorbitan Esters), Shelf-life Stabilizers, Fat Replacers (Protein, Starch)] And Segment Forecast To 2022 Global food additives market is expected to reach USD 55.53 billion by 2022, according to a new study by Grand View Research, Inc. Food & beverage industry growth in BRICS and Middle East on account of rising domestic consumption and increasing foreign direct investments is expected to augment market growth. Asia Pacific is expected to be one of the most promising markets on account of growing domestic consumption in China and India owing to population growth and new product launches by food & beverage manufacturers. Availability of raw materials such as sorbitol and lactic acid in China, Indonesia, and Malaysia in light o
Read more

Integration Platform as a Service Market Valuation Is Expected To Exceed USD 2.70 Billion By 2025: Grand View Research Inc.

Image
San Francisco, 18 March 2020 :  The Report   Integration Platform as a Service (IPaaS) Market  Analysis By Integration Type (API, Process, Application, Data), By Services, By Deployment (Cloud, On-Premise, Hybrid) By Region, And Segment Forecasts, 2018 – 2025 The global integration platform as a service (IPaaS) market is expected to reach USD 2.705.8 million by 2025, according to a new report by Grand View Research, Inc. Rising need of advanced systems to improve the process of deploying, developing, and managing enterprise applications globally has been a major factor driving market growth. In addition, recent developments in big data, cloud computing, and Internet of Things (IoT) within organizations’ processes also paved the way for greater development of IPaaS solutions. Integration Platform as a Service is an emerging technology where in the applications, process, data, and application programs are integrated. The integration enables enterprises to reduce the complexity
Read more