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