The global industrial insulation market size was estimated at USD 8,425 million in 2024 and is projected to be worth around USD 13,855 million by 2034, growing at a CAGR of 5.1% from 2024 to 2034.
The industrial insulation market is an integral branch of the industrial equipment industry. This industry deals in manufacturing and distribution of materials that helps in regulating temperature inside industrial settings. There are various products developed by this industry consisting of pipe, board, blanket and some others. These products are manufactured using several materials comprising of stone wool, elastomeric foam, micro silica, glass wool, composites, CMS fibers, calcium silicate, cellular glass, foamed plastic, perlite, aerogel, cellulose and some others. The rising industrialization in advanced nations has boosted the market growth. This market is expected to rise significantly with the growth of the advanced materials industry across the world.
The rising adoption of bio-based insulation materials along with increased focus related to worker’s safety in heavy industries has driven the market growth. Also, the growing energy and power requirements in developing nations coupled with numerous government regulations aimed at mandating use of insulation materials in heavy industries is likely to shape the industry in a positive direction. Moreover, the surge in demand for these materials from numerous end-user industries such as oil and gas, chemicals, food and beverage, power, cement and some others is expected to propel the growth of the industrial insulation market. The rising developments in smart insulation technology along with growing demand for aerogel insulation from aerospace sector is expected to create ample growth opportunities for the market players in the upcoming years.
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| Stats ID: | 7401 |
| Format: | Databook |
| Published: | January 2025 |
| Price | US$ 1550 |
Immediate Delivery
| Stats ID: | 7401 |
| Format: | Databook |
| Published: | January 2025 |
| Price | US$ 1550 |
Immediate Delivery
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