The “Industrial Thermal Insulation – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offerings. The global industrial thermal insulation market, valued at $2.6 billion in 2023, is projected to grow to $3.5 billion by 2030, with a compound annual growth rate (CAGR) of 4.5%. This report provides detailed insights into market trends, drivers, and forecasts, supporting informed business decisions.
Growth in the industrial thermal insulation market is driven by rising energy efficiency demands and environmental sustainability. As energy costs climb and regulations on emissions tighten, industries increasingly turn to thermal insulation to reduce energy consumption and lower environmental impact. Advances in insulation technology and the expansion of industries like oil, gas, and power generation in emerging markets also contribute to market growth.
The development of smarter, greener buildings and industrial processes is further driving innovation in insulation materials and techniques. This dynamic growth is shaped by both economic and environmental considerations.
Key Insights:
- Market Growth: The Mineral Wool Insulation segment is expected to reach $1.6 billion by 2030 with a CAGR of 4.9%, while the Calcium Silicate Insulation segment is forecasted to grow at 3.6%.
- Regional Trends: The U.S. market is valued at $689.3 million in 2023, while China’s market is projected to grow at a 7.6% CAGR, reaching $736.6 million by 2030. Other key regions, such as Japan, Canada, Germany, and the Asia-Pacific, also show strong growth trends.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and forecasts from 2023 to 2030.
- In-Depth Regional Analysis: Coverage includes key markets in the U.S., China, Japan, Canada, Europe, and more.
- Company Profiles: Major players like 3M, Armacell, BASF, and others are profiled.
- Complimentary Updates: Free report updates for one year to keep readers informed of market developments.
Key Questions Answered:
- How will the global industrial thermal insulation market evolve by 2030?
- What are the main growth drivers and challenges?
- Which market segments and regions will see the most growth?
- Who are the leading companies, and what are their future prospects?
Report Details:
- Pages: 314
- Forecast Period: 2023-2030
- 2023 Market Value: $2.6 billion
- 2030 Projected Value: $3.5 billion
- CAGR: 4.5%
- Regions Covered: Global
Market Trends & Drivers:
- Industrial expansion and tighter energy regulations
- Advances in insulation materials and technology
- Growth in sectors like oil, gas, and green building
- Rising demand for recycled and bio-based insulation materials
- Increased safety and fire resistance standards
Leading Players (124 featured):
- 3M Company
- Armacell International
- BASF Polyurethanes GmbH
- Owens Corning
- Rockwool International
- Kingspan Group, among others
For more information, visit ResearchAndMarkets.com.
