Stratview Research has published a new report on the Industrial Insulation Market, segmented by Aircraft Type (Commercial Aircraft, Regional Aircraft, Military Aircraft, and General Aviation), by Fiber Type (Carbon Fiber Composites and Glass Fiber Composites), by Resin Type (Epoxy Composite and Other Composites). This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global artificial intelligence as a service market. The historic years considered for the study are 2017-2020, base year is 2021, estimated year is 2022, and forecast period is 2023-2027.

Market Highlights
Industrial Insulation Market is likely to witness an impressive CAGR of 5.0% during the forecast period.
 
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Covid Impact

Covid-19 has impacted the market dynamics, competition, and global supply chain of every possible market one can think of. The revenues for many, have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operations and strategy will sustain and beat the competition.
Segmentation –

By Material Type

Based on the material type, the market is segmented as mineral wool, calcium silicate, plastic foams, and others. The mineral wool segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The unique properties of mineral wool such as low conductivity, noise reduction, and easy availability drive the growth of the segment. Also, its recyclability, low cost, and suitability for various end-use industries are expected to boost the demand for industrial insulation during the forecast period.

By End-User Industry Type

Based on the end-user industry type, the market is segmented as power, chemical & pharmaceutical, oil & gas, cement, food & beverages, and others. The power industry segment is expected to remain the fastest-growing segment, owing to the increasing demand for electricity from growing population, urbanization, and industrialization in emerging economies such as China, India, and others.

By Region

In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing industrial insulation market during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. The growth of the market is driven by the widespread trend of industrial and urbanization in the region, along-with the growth of the chemical & petrochemical sector in the region, owing to the increasing demand for petrochemical-based products.
Following are the key players in the Industrial Insulation Market:
• Owens Corning
• Saint Gobain SA
• Knauf Insulation
• Insulcon B.V.
• Kingspan Group PLC
• Rockwool Group
• Armacell International S. A.
• Cabot Corporation
• Johns Manville,
• Promat (Etex Group)
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