Global Industrial Thermal Insulation Market By Material (Calcium Silicate, Mineral Fiber & Others), By Product Form (Rigid Foam/Foam Board & Others), By End Use Industry, By Region, Competition, Forecast & Opportunities, 2026

Global industrial thermal insulation market is forecast to exhibit a CAGR of over 7% during 2021-2026, growing from over $ 6.8 billion in 2019, owing to expanding industrial sector and stringent safety and emission norms.

In terms of material, global industrial thermal insulation market has been categorized into calcium silicate, mineral fiber, foamed plastic, perlite, cellular glass and others. Of these segments, cellular glass accounted for a significant portion of the global industrial thermal insulation market in 2020, owing to their broad service temperature range, which is around 35⁰C to 815⁰C. Furthermore, the perlite category is expected to grow at a steady rate during the forecast period, on account of their heavy use in several industrial applications.

North America and Europe are the largest markets for industrial thermal insulation, globally. The growth of thermal industrial insulation market in these regions can be majorly attributed to their highly developed power and industrial sectors. Among the countries of the North American and European regions, US and United Kingdom are anticipated to hold significant shares in their respective regions. Moreover, Asia-Pacific is expected to register growth in global industrial thermal insulation market in coming years, backed by expanding industrial sector in developing nations. Developing countries such as China and India are expected to register significant growth during the forecast period. Oil & gas industry in the Middle East & Africa is likely to attract major players for making investments in the region’s industrial thermal insulation market.

Global industrial thermal insulation market boasts the presence of numerous players manufacturing and catering their products in regional and global market. The key manufacturers are focusing on expanding their product portfolio by strategic acquisitions & mergers, joint ventures, product launches, and exclusive agreements.

Years considered for this report

Historical Years2016-2019

Base Year2020

Estimated Year2021

Forecast Period2022-2026

Objective of the Study

• To analyze and forecast global industrial thermal insulation market size.
• To forecast global industrial thermal insulation market based on material, product form, end use industry and regional distribution.
• To identify drivers and challenges for global industrial thermal insulation market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., In global industrial thermal insulation market.
• To conduct the pricing analysis for global industrial thermal insulation market.
• To identify and analyze the profile of leading players operating in global industrial thermal insulation market.

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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of industrial thermal insulation manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research was able to include the manufacturers which could not be identified due to the limitations of secondary research. Market insights research analyzed the product offerings, distribution channels and presence of all major manufacturers across the globe.

Market insights research calculated global industrial thermal insulation

Key Target Audience

• Industrial thermal insulation manufacturers and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to industrial thermal insulation market
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, suppliers and end users. The study would also help them in identifying which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth of the market.