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A Summary of the Industrial Insulation Market Developments (2022 to 2032)

The global industrial insulation market is projected to have an average-paced CAGR of 5% during the forecast period. The current valuation of the market is US$ 7.77 Billion in 2022. The market value of the industrial insulation market is anticipated to surpass a valuation of US$ 12.66 Billion by the year 2032. A historical market valuation of US$ 7.4 Billion has been recorded by the analysts of Future Market Insights for the concerned market during the base year. This growth is supported by:

  • The wide array of a variety of functions provided by induction insulators like prevention of vapor flow and water condensation on cold surfaces is fueling the market growth.
  • Control of surface temperatures, increase in operational efficiency, and protection of equipment in corrosive environments are some of the key factors bolstering the growth of the market.
  • The growth of the building and construction industry across the globe is estimated to generate lucrative opportunities for the industrial induction market.
  • The surge in product demand for boosting the efficiency of the processes, noise reduction, freeze protection, and reduction of environmental pollution is expected to drive market growth further through 2032.
  • There is a growing need across application industries for improvement of equipment efficiency and process performance, stirring up the market dynamics for industrial insulation.
  • A plethora of stringent safety and emission standards are expected to stimulate the demand for industrial insulation across diverse industry verticals.

Although the market is projected to have healthy growth, FMI analysts have analyzed that certain elements prevailing in the market are likely to hinder the pace of advancement for the industrial insulation market in the forthcoming years. The restraining factors identified in the market are as follows:

  • The cost associated with the installation of insulating materials is relatively high as there is a need for different regulation citations, approvals, and professional personnel.
  • There are certain environmental sustainability concerns associated with the industrial insulation industry, which is making industrialists and factory owners seek towards leveraging eco-friendly production methods.
Report Attribute Details
Industrial Insulation Market Value (2022) US$ 7.77 Billion
Industrial Insulation Market Anticipated Value (2032) US$ 12.66 Billion
Industrial Insulation Projected Growth Rate (2022 to 2032) 5%

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Rise in Power Generation Sector - A blessing to Boon?

FMI has analyzed that the industrial induction market is having great scope for expansion in the upcoming years. This growth is owing to the rise in demand from the power generation sector, where there is a surge in the need for distributing heat energy that leads to a reduction in the loss of heat.

Additionally, there is a demand for renewable energy across the globe. Industrial insulators are also estimated to offer frost protection to pipelines that are situated in low-temperature regions. Therefore, it is estimated that the industrial insulation market is likely to have significant growth through the forecast period.

A Peek into the Historical Market Scenario of Industrial Insulation

After analyzing the market in-depth, it has been unveiled that the industrial insulation market has been witnessing an unprecedented surge in the past few years. There is an approximate rise of US$ 0.4 Billion surge in the total market value from 2021 to 2022. The market during the period 2017 to 2021 registered a CAGR of 3%.

The growing market shares for industrial insulation can be attributed to the demand for LNG/LPG, which is identified to be an important raw material for residential and industrial purposes. This is extremely volatile in nature, requires safe transportation across different locations, and is considered to be a crucial aspect that has heightened the popularity of industrial insulation materials.

In addition to that, there are proven applications in tank insulation for ethylene tankers that have also majorly contributed to reshaping the landscape for industrial insulation materials.

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Comparative Analysis of Adjacent Markets

Industrial Insulation Market:

Differentiating Aspects Industrial Insulation Market
CAGR 5%
Market Valuation in 2022 US$ 7.77 Billion
Projected Market Value in 2032 US$ 12.66 Billion
Drivers
  • The growth of the building and construction industry across the globe is surging the adoption of industrial insulation systems
  • The need for freeze protection across diverse industries is expected to fuel the growth of the market through 2032.

Stone Wool Market:

Differentiating Aspects Stone Wool Market
CAGR 6.6%
Market Valuation in 2022 US$ 16,694 Million
Projected Market Value in 2032 US$ 31,634.05 Million
Drivers
  • The growing implementation of regulation that promotes the development of energy efficiency is anticipated to stir up the market demand for stone wool.
  • Surging the need for improving thermal performance and conductivity across the end-use industry sector propels the growth of the market.

Pipe Insulation Market:

Differentiating Aspects Pipe Insulation Market
CAGR 5.4%
Market Valuation in 2022 US$ 8.92 Billion
Projected Market Value in 2032 US$ 15.09 Billion
Drivers
  • Rising consumer awareness regarding energy conservation is estimated to turn out as a growth propellant for the pipe insulation market.
  • Increasing adoption of distinct heating systems owing to the rising tariff rates of electricity and rising environmental awareness is expected to boost the market growth in the upcoming years.

Category-wise Segments

FMI Sheds Light on the Influential Segments Prevailing in the Industrial Insulation Market

Stone Wool – By Material Type

It has been identified that the stone wool segment by the material type of industrial insulation has dominated the material type category in the base year and is estimated to exert dominance over the upcoming years as well. This segment accounted for a total of 23% of revenue shares in 2021. The factors responsible for the high demand for stone wool insulators are:

  • The thermal properties of stone wool are very effective.
  • In regards to the insulation properties, there is an intrinsic layered-fiber composition of stone wool, which aids to trap air.
  • They are procured from volcanic rocks, diabase, basalt, and dolomites, which are available in abundance.
  • With increased trapping of air facilitated by stone wool, this product gives a greater insulation effect.

The CMS fiber segment is anticipated to advance at a steady pace, registering a CAGR of 3.9% through the forecast period. Their demand is surging owing to the increased need for temperature insulation for fire protection in industrial applications. These products are identified to offer exceptional performance-to-weight ratio and resistance to chemical attacks. Besides, the elastomeric foam segment is estimated to reach US$ 621.8 Million by the end of the projection period.

Pipe Insulation – By Product Category

FMI has analyzed that the pipe insulation segment by product type category held a dominating share during the base year. This segment accounted for a 47% revenue share in the year 2021. The market is estimated to witness a notable demand for these insulation systems, expanding at a CAGR of 5.5% through the forecast period. The factors contributing to the growth of this segment are:

  • Pipe insulations provide superior ability and performance to stabilize the process of the temperatures.
  • They provide protection against freeze damage and pipe breaks that prevents exposure to temperature extremities across concerned regions.
  • This product aid in increasing the energy efficiency of the process of plants, which results in reduced operational expenses.

The LNG/LPG segment led the application type category with an approximate share of 30% in 2021. The market is estimated to continue the trend through the projection period. The petrochemical & refineries industry segment is anticipated to experience robust growth, registering a CAGR of 4.8% through 2032

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Country-wise Insights

Dimensional Stability and Incredible Thermal Performance Fuels the Adoption of Industrial Insulation Across Diverse Countries

Country/Region United States
Statistics The USA is estimated to hold the largest market share in the North American Industrial Insulation market. The market in the USA is estimated to reach US$ 2.42 Billion by the end of 2032.
Growth Propellants the factors fueling growth in the USA market are:
  • The extremely advanced industrial sectors across the region account for large energy consumption and are a key factor fueling the growth of the market.
  • the implementation of new provincial building codes the address commercial energy consumption concerns is expected to boost the expansion prospects through 2032.
Country/Region Europe
Statistics The European industrial insulation market is anticipated to flourish at a considerable rate. This region accounted for a market share of 40% during the base year and is estimated to hold considerable shares through the projection period.
Growth Propellants Elements responsible for the expansion of the European market are:
  • The strict codes and stringent laws effectuated by the European regulatory authorities have increased the awareness of rising energy costs.
  • There is an increased need for energy efficiency across the petrochemical industries across the European region.
Country/Region Japan
Statistics Japan is estimated to dominate the Asia-Pacific industrial insulation market through the forecast period with a CAGR of over 3%.
Growth Propellants
  • Aspects favoring the growth of the industrial insulation market in Japan are as follows:
  • The market is generating notable growth on account of the rise in oil production in these developing economies.
  • There is a growing production of thermal energy, which is leading to the need for extensive insulation for maximizing efficiency.
Country/Region Korea
Statistics Korea is identified to have notable growth in the industrial insulation market during the projection period.
Growth Propellants Factors fueling the growth of the concerned market in Korea are:
  • Government initiatives and grants lend to emerging companies to carry out research and development activities for further developing the properties of industrial insulators.
  • The increasing adoption of renewable energy across the country is fueling the growth of the market in Korea.

Start-up Ecosystem

Emerging Companies Jig Up the Market Dynamics with their Attempts

The new entrants in the industrial insulation market are leveraging advancements in technology to launch new products and gain a competitive advantage. These firms are continually investing in research and development activities to keep themselves in tandem with the changing consumer preferences and end-use industry demands. Efforts are being made to strengthen their foothold in the market and aid the further progression of the industrial insulation market.

Top Start-ups to Watch For

PianPol Manufactures Sprayed Thermal Insulation Systems

This Polish start-up provides polyurethane-based sprayed thermal insulation systems. The startup uses airless spraying to insulate all objects, residential buildings, and industrial and agricultural facilities. The insulation material consists of a mixture of two components in the head of the spray gun. This becomes a reactive substance that quickly foams and hardens to create a uniform and monolithic surface. Unlike traditional insulation materials, the start-up’s polyurethane foam is neutral to the environment, does not cause allergic reactions, and is non-conductive to the growth of mold and fungi.

Hottrok Provides Under Foor Heating

This USA-based start-up produces a tiling substrate that performs as a warm wire carrier with insulating properties. The board-like material is rigid, easy to cut, easy to fasten, and readily accepts most heating cables with their in-grooves. The material called Hottrok is composed of a mixture of expanded polypropylene (EPP) foam with high chemical resistance to alkalis and acids while being highly resistant to humidity. Moreover, the material offers better thermal and acoustic insulating qualities than other conventional insulating materials. This allows buildings located in colder regions to quickly, easily, and economically integrate insulation systems into their infrastructure while minimizing energy usage.

HTK Synergie creates Acoustic Insulation Systems

This German start-up manufactures partition walls for office buildings that offer transparency and flexibility through movable elements. The walls utilize insulating glass elements ranging in widths from 32 to 136 mm and reach construction sites airtight to prevent contamination. Additionally, moisture inside the insulating glass is prevented by drying agents inside the special profiles. Unlike traditional partition walls, their insulating walls offer privacy as well as protection from fire hazards as well.

Competitive Landscape

An initiative of Biggies to Revolutionize the Market

The market for industrial insulation is identified to be highly fragmented by the analysts at FMI. A large number of international and domestic players are involved in competing intensely amongst themselves for garnering considerable revenue shares. These players are investing heavily in research and development activities to devise new formulations and upgrades that will assist them in boosting revenues and are contributing majorly to the growth of the market.

Mergers, acquisitions, joint ventures, and partnerships are essential for the overall growth of the industrial insulation market. The players indulge in these activities for increasing their influence across the industrial insulation market, eventually accelerating the growth prospects.

A market player Everuse is providing upcycled building materials from cellulose wastes. This firm uses a combination of cellulose insulation and plasterboard to provide both acoustic and thermal insulation. Additionally, since the insulating material is made from natural cellulose fibers, it doesn’t result in any negative effects on the skin or the respiratory tract. Everuse reduces the carbon footprint of the construction industry as well as the volume of cellulosic waste reaching landfills.

Recent Developments:

  • In March 2021, Cabot Corporation launched its ENERMAXTM 6 carbon nanotube (CNT) new series. These nanotubes are the company’s latest addition to its portfolio of high-performance CNTs. It has a high aspect ratio, becoming the most conductive multi-walled product
  • Since July 2021, Rockwool Manufacturing has commenced commercial production of stone wool insulation products. The state-of-the-art facility manufactures ROCKWOOL's residential, commercial, and industrial stone wool insulation and is the first post-pandemic expansion in stone wool insulation manufacturing capacity in North America.
  • In June 2019, Knauf Insulation, a manufacturer of industrial insulation in the USA and Europe successfully completed its extension of the Rock Mineral production facility in Western Europe. The company has reposted that the new production capacity is more than 110 kilotons.

Some of the key players proliferating in the market are

  • Rockwool Insulation A/S
  • Poroc Group Oy
  • Knauf Insulation
  • TechnoNICOL Corporation
  • Anco Products, Inc.
  • Aspen Aerogels, Inc.
  • Cabot Corporation
  • Morgan Advanced Materials plc
  • Unifrax LLC
  • RATH Group
  • IBIDEN Co., Ltd.
  • Armacell International

Key Segments in the Industrial Insulation Market

By Material:

  • Stone Wool
  • Glass Wool
  • CMS Fibers
  • Calcium Silicate
  • Cellular Glass
  • Foamed Plastic
  • Others

By Product:

  • Pipe
  • Board
  • Blanket
  • Others

By Application:

  • Power Generation
  • Petrochemical & Refineries
  • EIP Industries
  • LNG/LPG
  • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Middle East and Africa(MEA)
  • Europe

Frequently Asked Questions

What is the Growth Outlook for the Industrial Insulation Market?

The growth outlook for the industrial insulation market is predicted to advance at a CAGR of 5% from 2022 to 2032.

Which Region Leads the Industrial Insulation Market?

The North American region is anticipated to lead the industrial insulation market during the forecast period.

What is the market valuation of Industrial Insulation in 2022?

The market valuation of the industrial insulation market stands at US$ 7.77 Billion in 2022.

How much Growth Potential does the Industrial Insulation hold?

The industrial insulation market is likely to hold a valuation of US$ 12.66 Billion by 2032.

Which sector is the key driver in the Industrial Insulation Market?

The oil and refineries industry sector is the key driver in the industrial insulation market.

Table of Content

1. Executive Summary | Industrial Insulation Market

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Investment Feasibility Matrix

    3.5. PESTLE and Porter’s Analysis

    3.6. Regulatory Landscape

        3.6.1. By Key Regions

        3.6.2. By Key Countries

    3.7. Regional Parent Market Outlook

4. Global Analysis 2017 to 2021 and Forecast, 2022 to 2032

    4.1. Historical Market Size Value (US$ Million) Analysis, 2017 to 2021

    4.2. Current and Future Market Size Value (US$ Million) Projections, 2022 to 2032

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Material

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) Analysis By Material, 2017 to 2021

    5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Material, 2022 to 2032

        5.3.1. Stone Wool

        5.3.2. Glass Wool

        5.3.3. CMS Fibers

        5.3.4. Calcium Silicate

        5.3.5. Cellular Glass

        5.3.6. Foamed Plastic

        5.3.7. Elastomeric Foam

        5.3.8. Perlite

        5.3.9. Aerogel

        5.3.10. Cellulose

        5.3.11. Micro Silica

        5.3.12. Others

    5.4. Y-o-Y Growth Trend Analysis By Material, 2017 to 2021

    5.5. Absolute $ Opportunity Analysis By Material, 2022 to 2032

6. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) Analysis By Product, 2017 to 2021

    6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Product, 2022 to 2032

        6.3.1. Pipe

        6.3.2. Board

        6.3.3. Blanket

        6.3.4. Others

    6.4. Y-o-Y Growth Trend Analysis By Product, 2017 to 2021

    6.5. Absolute $ Opportunity Analysis By Product, 2022 to 2032

7. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application Type

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) Analysis By Application Type, 2017 to 2021

    7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application Type, 2022 to 2032

        7.3.1. Power Generation

        7.3.2. Petrochemical & Refineries

        7.3.3. EIP Industries

        7.3.4. LNG/LPG

        7.3.5. Others

    7.4. Y-o-Y Growth Trend Analysis By Application Type, 2017 to 2021

    7.5. Absolute $ Opportunity Analysis By Application Type, 2022 to 2032

8. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region

    8.1. Introduction

    8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2017 to 2021

    8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2022 to 2032

        8.3.1. North America

        8.3.2. Latin America

        8.3.3. Europe

        8.3.4. South Asia

        8.3.5. East Asia

        8.3.6. Oceania

        8.3.7. Middle East and Africa(MEA)

    8.4. Market Attractiveness Analysis By Region

9. North America Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021

    9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032

        9.2.1. By Country

            9.2.1.1. USA

            9.2.1.2. Canada

        9.2.2. By Material

        9.2.3. By Product

        9.2.4. By Application Type

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Material

        9.3.3. By Product

        9.3.4. By Application Type

    9.4. Key Takeaways

10. Latin America Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021

    10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032

        10.2.1. By Country

            10.2.1.1. Brazil

            10.2.1.2. Mexico

            10.2.1.3. Rest of Latin America

        10.2.2. By Material

        10.2.3. By Product

        10.2.4. By Application Type

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Material

        10.3.3. By Product

        10.3.4. By Application Type

    10.4. Key Takeaways

11. Europe Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021

    11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032

        11.2.1. By Country

            11.2.1.1. Germany

            11.2.1.2. United Kingdom

            11.2.1.3. France

            11.2.1.4. Spain

            11.2.1.5. Italy

            11.2.1.6. Rest of Europe

        11.2.2. By Material

        11.2.3. By Product

        11.2.4. By Application Type

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Material

        11.3.3. By Product

        11.3.4. By Application Type

    11.4. Key Takeaways

12. South Asia Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021

    12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032

        12.2.1. By Country

            12.2.1.1. India

            12.2.1.2. Malaysia

            12.2.1.3. Singapore

            12.2.1.4. Thailand

            12.2.1.5. Rest of South Asia

        12.2.2. By Material

        12.2.3. By Product

        12.2.4. By Application Type

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Material

        12.3.3. By Product

        12.3.4. By Application Type

    12.4. Key Takeaways

13. East Asia Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021

    13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032

        13.2.1. By Country

            13.2.1.1. China

            13.2.1.2. Japan

            13.2.1.3. South Korea

        13.2.2. By Material

        13.2.3. By Product

        13.2.4. By Application Type

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Material

        13.3.3. By Product

        13.3.4. By Application Type

    13.4. Key Takeaways

14. Oceania Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021

    14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032

        14.2.1. By Country

            14.2.1.1. Australia

            14.2.1.2. New Zealand

        14.2.2. By Material

        14.2.3. By Product

        14.2.4. By Application Type

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Material

        14.3.3. By Product

        14.3.4. By Application Type

    14.4. Key Takeaways

15. MEA Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021

    15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032

        15.2.1. By Country

            15.2.1.1. GCC Countries

            15.2.1.2. South Africa

            15.2.1.3. Israel

            15.2.1.4. Rest of Middle East and Africa(MEA)

        15.2.2. By Material

        15.2.3. By Product

        15.2.4. By Application Type

    15.3. Market Attractiveness Analysis

        15.3.1. By Country

        15.3.2. By Material

        15.3.3. By Product

        15.3.4. By Application Type

    15.4. Key Takeaways

16. Key Countries Analysis

    16.1. USA

        16.1.1. Pricing Analysis

        16.1.2. Market Share Analysis, 2021

            16.1.2.1. By Material

            16.1.2.2. By Product

            16.1.2.3. By Application Type

    16.2. Canada

        16.2.1. Pricing Analysis

        16.2.2. Market Share Analysis, 2021

            16.2.2.1. By Material

            16.2.2.2. By Product

            16.2.2.3. By Application Type

    16.3. Brazil

        16.3.1. Pricing Analysis

        16.3.2. Market Share Analysis, 2021

            16.3.2.1. By Material

            16.3.2.2. By Product

            16.3.2.3. By Application Type

    16.4. Mexico

        16.4.1. Pricing Analysis

        16.4.2. Market Share Analysis, 2021

            16.4.2.1. By Material

            16.4.2.2. By Product

            16.4.2.3. By Application Type

    16.5. Germany

        16.5.1. Pricing Analysis

        16.5.2. Market Share Analysis, 2021

            16.5.2.1. By Material

            16.5.2.2. By Product

            16.5.2.3. By Application Type

    16.6. United Kingdom

        16.6.1. Pricing Analysis

        16.6.2. Market Share Analysis, 2021

            16.6.2.1. By Material

            16.6.2.2. By Product

            16.6.2.3. By Application Type

    16.7. France

        16.7.1. Pricing Analysis

        16.7.2. Market Share Analysis, 2021

            16.7.2.1. By Material

            16.7.2.2. By Product

            16.7.2.3. By Application Type

    16.8. Spain

        16.8.1. Pricing Analysis

        16.8.2. Market Share Analysis, 2021

            16.8.2.1. By Material

            16.8.2.2. By Product

            16.8.2.3. By Application Type

    16.9. Italy

        16.9.1. Pricing Analysis

        16.9.2. Market Share Analysis, 2021

            16.9.2.1. By Material

            16.9.2.2. By Product

            16.9.2.3. By Application Type

    16.10. India

        16.10.1. Pricing Analysis

        16.10.2. Market Share Analysis, 2021

            16.10.2.1. By Material

            16.10.2.2. By Product

            16.10.2.3. By Application Type

    16.11. Malaysia

        16.11.1. Pricing Analysis

        16.11.2. Market Share Analysis, 2021

            16.11.2.1. By Material

            16.11.2.2. By Product

            16.11.2.3. By Application Type

    16.12. Singapore

        16.12.1. Pricing Analysis

        16.12.2. Market Share Analysis, 2021

            16.12.2.1. By Material

            16.12.2.2. By Product

            16.12.2.3. By Application Type

    16.13. Thailand

        16.13.1. Pricing Analysis

        16.13.2. Market Share Analysis, 2021

            16.13.2.1. By Material

            16.13.2.2. By Product

            16.13.2.3. By Application Type

    16.14. China

        16.14.1. Pricing Analysis

        16.14.2. Market Share Analysis, 2021

            16.14.2.1. By Material

            16.14.2.2. By Product

            16.14.2.3. By Application Type

    16.15. Japan

        16.15.1. Pricing Analysis

        16.15.2. Market Share Analysis, 2021

            16.15.2.1. By Material

            16.15.2.2. By Product

            16.15.2.3. By Application Type

    16.16. South Korea

        16.16.1. Pricing Analysis

        16.16.2. Market Share Analysis, 2021

            16.16.2.1. By Material

            16.16.2.2. By Product

            16.16.2.3. By Application Type

    16.17. Australia

        16.17.1. Pricing Analysis

        16.17.2. Market Share Analysis, 2021

            16.17.2.1. By Material

            16.17.2.2. By Product

            16.17.2.3. By Application Type

    16.18. New Zealand

        16.18.1. Pricing Analysis

        16.18.2. Market Share Analysis, 2021

            16.18.2.1. By Material

            16.18.2.2. By Product

            16.18.2.3. By Application Type

    16.19. GCC Countries

        16.19.1. Pricing Analysis

        16.19.2. Market Share Analysis, 2021

            16.19.2.1. By Material

            16.19.2.2. By Product

            16.19.2.3. By Application Type

    16.20. South Africa

        16.20.1. Pricing Analysis

        16.20.2. Market Share Analysis, 2021

            16.20.2.1. By Material

            16.20.2.2. By Product

            16.20.2.3. By Application Type

    16.21. Israel

        16.21.1. Pricing Analysis

        16.21.2. Market Share Analysis, 2021

            16.21.2.1. By Material

            16.21.2.2. By Product

            16.21.2.3. By Application Type

17. Market Structure Analysis

    17.1. Competition Dashboard

    17.2. Competition Benchmarking

    17.3. Market Share Analysis of Top Players

        17.3.1. By Regional

        17.3.2. By Material

        17.3.3. By Product

        17.3.4. By Application Type

18. Competition Analysis

    18.1. Competition Deep Dive

        18.1.1. Rockwool Insulation A/S

            18.1.1.1. Overview

            18.1.1.2. Product Portfolio

            18.1.1.3. Profitability by Market Segments

            18.1.1.4. Sales Footprint

            18.1.1.5. Strategy Overview

                18.1.1.5.1. Marketing Strategy

        18.1.2. Poroc Group Oy

            18.1.2.1. Overview

            18.1.2.2. Product Portfolio

            18.1.2.3. Profitability by Market Segments

            18.1.2.4. Sales Footprint

            18.1.2.5. Strategy Overview

                18.1.2.5.1. Marketing Strategy

        18.1.3. Knauf Insulation

            18.1.3.1. Overview

            18.1.3.2. Product Portfolio

            18.1.3.3. Profitability by Market Segments

            18.1.3.4. Sales Footprint

            18.1.3.5. Strategy Overview

                18.1.3.5.1. Marketing Strategy

        18.1.4. TechnoNICOL Corporation

            18.1.4.1. Overview

            18.1.4.2. Product Portfolio

            18.1.4.3. Profitability by Market Segments

            18.1.4.4. Sales Footprint

            18.1.4.5. Strategy Overview

                18.1.4.5.1. Marketing Strategy

        18.1.5. Anco Products, Inc.

            18.1.5.1. Overview

            18.1.5.2. Product Portfolio

            18.1.5.3. Profitability by Market Segments

            18.1.5.4. Sales Footprint

            18.1.5.5. Strategy Overview

                18.1.5.5.1. Marketing Strategy

        18.1.6. Aspen Aerogels, Inc.

            18.1.6.1. Overview

            18.1.6.2. Product Portfolio

            18.1.6.3. Profitability by Market Segments

            18.1.6.4. Sales Footprint

            18.1.6.5. Strategy Overview

                18.1.6.5.1. Marketing Strategy

        18.1.7. Cabot Corporation

            18.1.7.1. Overview

            18.1.7.2. Product Portfolio

            18.1.7.3. Profitability by Market Segments

            18.1.7.4. Sales Footprint

            18.1.7.5. Strategy Overview

                18.1.7.5.1. Marketing Strategy

        18.1.8. Morgan Advanced Materials plc

            18.1.8.1. Overview

            18.1.8.2. Product Portfolio

            18.1.8.3. Profitability by Market Segments

            18.1.8.4. Sales Footprint

            18.1.8.5. Strategy Overview

                18.1.8.5.1. Marketing Strategy

        18.1.9. Unifrax LLC

            18.1.9.1. Overview

            18.1.9.2. Product Portfolio

            18.1.9.3. Profitability by Market Segments

            18.1.9.4. Sales Footprint

            18.1.9.5. Strategy Overview

                18.1.9.5.1. Marketing Strategy

        18.1.10. RATH Group

            18.1.10.1. Overview

            18.1.10.2. Product Portfolio

            18.1.10.3. Profitability by Market Segments

            18.1.10.4. Sales Footprint

            18.1.10.5. Strategy Overview

                18.1.10.5.1. Marketing Strategy

        18.1.11. IBIDEN Co., Ltd.

            18.1.11.1. Overview

            18.1.11.2. Product Portfolio

            18.1.11.3. Profitability by Market Segments

            18.1.11.4. Sales Footprint

            18.1.11.5. Strategy Overview

                18.1.11.5.1. Marketing Strategy

        18.1.12. Armacell International

            18.1.12.1. Overview

            18.1.12.2. Product Portfolio

            18.1.12.3. Profitability by Market Segments

            18.1.12.4. Sales Footprint

            18.1.12.5. Strategy Overview

                18.1.12.5.1. Marketing Strategy

19. Assumptions & Acronyms Used

20. Research Methodology

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List of Tables

Table 1: Global Value (US$ Million) Forecast by Region, 2017 to 2032

Table 2: Global Value (US$ Million) Forecast by Material, 2017 to 2032

Table 3: Global Value (US$ Million) Forecast by Product, 2017 to 2032

Table 4: Global Value (US$ Million) Forecast by Application Type, 2017 to 2032

Table 5: North America Value (US$ Million) Forecast by Country, 2017 to 2032

Table 6: North America Value (US$ Million) Forecast by Material, 2017 to 2032

Table 7: North America Value (US$ Million) Forecast by Product, 2017 to 2032

Table 8: North America Value (US$ Million) Forecast by Application Type, 2017 to 2032

Table 9: Latin America Value (US$ Million) Forecast by Country, 2017 to 2032

Table 10: Latin America Value (US$ Million) Forecast by Material, 2017 to 2032

Table 11: Latin America Value (US$ Million) Forecast by Product, 2017 to 2032

Table 12: Latin America Value (US$ Million) Forecast by Application Type, 2017 to 2032

Table 13: Europe Value (US$ Million) Forecast by Country, 2017 to 2032

Table 14: Europe Value (US$ Million) Forecast by Material, 2017 to 2032

Table 15: Europe Value (US$ Million) Forecast by Product, 2017 to 2032

Table 16: Europe Value (US$ Million) Forecast by Application Type, 2017 to 2032

Table 17: South Asia Value (US$ Million) Forecast by Country, 2017 to 2032

Table 18: South Asia Value (US$ Million) Forecast by Material, 2017 to 2032

Table 19: South Asia Value (US$ Million) Forecast by Product, 2017 to 2032

Table 20: South Asia Value (US$ Million) Forecast by Application Type, 2017 to 2032

Table 21: East Asia Value (US$ Million) Forecast by Country, 2017 to 2032

Table 22: East Asia Value (US$ Million) Forecast by Material, 2017 to 2032

Table 23: East Asia Value (US$ Million) Forecast by Product, 2017 to 2032

Table 24: East Asia Value (US$ Million) Forecast by Application Type, 2017 to 2032

Table 25: Oceania Value (US$ Million) Forecast by Country, 2017 to 2032

Table 26: Oceania Value (US$ Million) Forecast by Material, 2017 to 2032

Table 27: Oceania Value (US$ Million) Forecast by Product, 2017 to 2032

Table 28: Oceania Value (US$ Million) Forecast by Application Type, 2017 to 2032

Table 29: MEA Value (US$ Million) Forecast by Country, 2017 to 2032

Table 30: MEA Value (US$ Million) Forecast by Material, 2017 to 2032

Table 31: MEA Value (US$ Million) Forecast by Product, 2017 to 2032

Table 32: MEA Value (US$ Million) Forecast by Application Type, 2017 to 2032
Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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List of Charts

Figure 1: Global Value (US$ Million) by Material, 2022 to 2032

Figure 2: Global Value (US$ Million) by Product, 2022 to 2032

Figure 3: Global Value (US$ Million) by Application Type, 2022 to 2032

Figure 4: Global Value (US$ Million) by Region, 2022 to 2032

Figure 5: Global Value (US$ Million) Analysis by Region, 2017 to 2032

Figure 6: Global Value Share (%) and BPS Analysis by Region, 2022 to 2032

Figure 7: Global Y-o-Y Growth (%) Projections by Region, 2022 to 2032

Figure 8: Global Value (US$ Million) Analysis by Material, 2017 to 2032

Figure 9: Global Value Share (%) and BPS Analysis by Material, 2022 to 2032

Figure 10: Global Y-o-Y Growth (%) Projections by Material, 2022 to 2032

Figure 11: Global Value (US$ Million) Analysis by Product, 2017 to 2032

Figure 12: Global Value Share (%) and BPS Analysis by Product, 2022 to 2032

Figure 13: Global Y-o-Y Growth (%) Projections by Product, 2022 to 2032

Figure 14: Global Value (US$ Million) Analysis by Application Type, 2017 to 2032

Figure 15: Global Value Share (%) and BPS Analysis by Application Type, 2022 to 2032

Figure 16: Global Y-o-Y Growth (%) Projections by Application Type, 2022 to 2032

Figure 17: Global Attractiveness by Material, 2022 to 2032

Figure 18: Global Attractiveness by Product, 2022 to 2032

Figure 19: Global Attractiveness by Application Type, 2022 to 2032

Figure 20: Global Attractiveness by Region, 2022 to 2032

Figure 21: North America Value (US$ Million) by Material, 2022 to 2032

Figure 22: North America Value (US$ Million) by Product, 2022 to 2032

Figure 23: North America Value (US$ Million) by Application Type, 2022 to 2032

Figure 24: North America Value (US$ Million) by Country, 2022 to 2032

Figure 25: North America Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 26: North America Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 27: North America Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 28: North America Value (US$ Million) Analysis by Material, 2017 to 2032

Figure 29: North America Value Share (%) and BPS Analysis by Material, 2022 to 2032

Figure 30: North America Y-o-Y Growth (%) Projections by Material, 2022 to 2032

Figure 31: North America Value (US$ Million) Analysis by Product, 2017 to 2032

Figure 32: North America Value Share (%) and BPS Analysis by Product, 2022 to 2032

Figure 33: North America Y-o-Y Growth (%) Projections by Product, 2022 to 2032

Figure 34: North America Value (US$ Million) Analysis by Application Type, 2017 to 2032

Figure 35: North America Value Share (%) and BPS Analysis by Application Type, 2022 to 2032

Figure 36: North America Y-o-Y Growth (%) Projections by Application Type, 2022 to 2032

Figure 37: North America Attractiveness by Material, 2022 to 2032

Figure 38: North America Attractiveness by Product, 2022 to 2032

Figure 39: North America Attractiveness by Application Type, 2022 to 2032

Figure 40: North America Attractiveness by Country, 2022 to 2032

Figure 41: Latin America Value (US$ Million) by Material, 2022 to 2032

Figure 42: Latin America Value (US$ Million) by Product, 2022 to 2032

Figure 43: Latin America Value (US$ Million) by Application Type, 2022 to 2032

Figure 44: Latin America Value (US$ Million) by Country, 2022 to 2032

Figure 45: Latin America Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 46: Latin America Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 47: Latin America Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 48: Latin America Value (US$ Million) Analysis by Material, 2017 to 2032

Figure 49: Latin America Value Share (%) and BPS Analysis by Material, 2022 to 2032

Figure 50: Latin America Y-o-Y Growth (%) Projections by Material, 2022 to 2032

Figure 51: Latin America Value (US$ Million) Analysis by Product, 2017 to 2032

Figure 52: Latin America Value Share (%) and BPS Analysis by Product, 2022 to 2032

Figure 53: Latin America Y-o-Y Growth (%) Projections by Product, 2022 to 2032

Figure 54: Latin America Value (US$ Million) Analysis by Application Type, 2017 to 2032

Figure 55: Latin America Value Share (%) and BPS Analysis by Application Type, 2022 to 2032

Figure 56: Latin America Y-o-Y Growth (%) Projections by Application Type, 2022 to 2032

Figure 57: Latin America Attractiveness by Material, 2022 to 2032

Figure 58: Latin America Attractiveness by Product, 2022 to 2032

Figure 59: Latin America Attractiveness by Application Type, 2022 to 2032

Figure 60: Latin America Attractiveness by Country, 2022 to 2032

Figure 61: Europe Value (US$ Million) by Material, 2022 to 2032

Figure 62: Europe Value (US$ Million) by Product, 2022 to 2032

Figure 63: Europe Value (US$ Million) by Application Type, 2022 to 2032

Figure 64: Europe Value (US$ Million) by Country, 2022 to 2032

Figure 65: Europe Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 66: Europe Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 67: Europe Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 68: Europe Value (US$ Million) Analysis by Material, 2017 to 2032

Figure 69: Europe Value Share (%) and BPS Analysis by Material, 2022 to 2032

Figure 70: Europe Y-o-Y Growth (%) Projections by Material, 2022 to 2032

Figure 71: Europe Value (US$ Million) Analysis by Product, 2017 to 2032

Figure 72: Europe Value Share (%) and BPS Analysis by Product, 2022 to 2032

Figure 73: Europe Y-o-Y Growth (%) Projections by Product, 2022 to 2032

Figure 74: Europe Value (US$ Million) Analysis by Application Type, 2017 to 2032

Figure 75: Europe Value Share (%) and BPS Analysis by Application Type, 2022 to 2032

Figure 76: Europe Y-o-Y Growth (%) Projections by Application Type, 2022 to 2032

Figure 77: Europe Attractiveness by Material, 2022 to 2032

Figure 78: Europe Attractiveness by Product, 2022 to 2032

Figure 79: Europe Attractiveness by Application Type, 2022 to 2032

Figure 80: Europe Attractiveness by Country, 2022 to 2032

Figure 81: South Asia Value (US$ Million) by Material, 2022 to 2032

Figure 82: South Asia Value (US$ Million) by Product, 2022 to 2032

Figure 83: South Asia Value (US$ Million) by Application Type, 2022 to 2032

Figure 84: South Asia Value (US$ Million) by Country, 2022 to 2032

Figure 85: South Asia Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 86: South Asia Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 87: South Asia Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 88: South Asia Value (US$ Million) Analysis by Material, 2017 to 2032

Figure 89: South Asia Value Share (%) and BPS Analysis by Material, 2022 to 2032

Figure 90: South Asia Y-o-Y Growth (%) Projections by Material, 2022 to 2032

Figure 91: South Asia Value (US$ Million) Analysis by Product, 2017 to 2032

Figure 92: South Asia Value Share (%) and BPS Analysis by Product, 2022 to 2032

Figure 93: South Asia Y-o-Y Growth (%) Projections by Product, 2022 to 2032

Figure 94: South Asia Value (US$ Million) Analysis by Application Type, 2017 to 2032

Figure 95: South Asia Value Share (%) and BPS Analysis by Application Type, 2022 to 2032

Figure 96: South Asia Y-o-Y Growth (%) Projections by Application Type, 2022 to 2032

Figure 97: South Asia Attractiveness by Material, 2022 to 2032

Figure 98: South Asia Attractiveness by Product, 2022 to 2032

Figure 99: South Asia Attractiveness by Application Type, 2022 to 2032

Figure 100: South Asia Attractiveness by Country, 2022 to 2032

Figure 101: East Asia Value (US$ Million) by Material, 2022 to 2032

Figure 102: East Asia Value (US$ Million) by Product, 2022 to 2032

Figure 103: East Asia Value (US$ Million) by Application Type, 2022 to 2032

Figure 104: East Asia Value (US$ Million) by Country, 2022 to 2032

Figure 105: East Asia Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 106: East Asia Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 107: East Asia Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 108: East Asia Value (US$ Million) Analysis by Material, 2017 to 2032

Figure 109: East Asia Value Share (%) and BPS Analysis by Material, 2022 to 2032

Figure 110: East Asia Y-o-Y Growth (%) Projections by Material, 2022 to 2032

Figure 111: East Asia Value (US$ Million) Analysis by Product, 2017 to 2032

Figure 112: East Asia Value Share (%) and BPS Analysis by Product, 2022 to 2032

Figure 113: East Asia Y-o-Y Growth (%) Projections by Product, 2022 to 2032

Figure 114: East Asia Value (US$ Million) Analysis by Application Type, 2017 to 2032

Figure 115: East Asia Value Share (%) and BPS Analysis by Application Type, 2022 to 2032

Figure 116: East Asia Y-o-Y Growth (%) Projections by Application Type, 2022 to 2032

Figure 117: East Asia Attractiveness by Material, 2022 to 2032

Figure 118: East Asia Attractiveness by Product, 2022 to 2032

Figure 119: East Asia Attractiveness by Application Type, 2022 to 2032

Figure 120: East Asia Attractiveness by Country, 2022 to 2032

Figure 121: Oceania Value (US$ Million) by Material, 2022 to 2032

Figure 122: Oceania Value (US$ Million) by Product, 2022 to 2032

Figure 123: Oceania Value (US$ Million) by Application Type, 2022 to 2032

Figure 124: Oceania Value (US$ Million) by Country, 2022 to 2032

Figure 125: Oceania Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 126: Oceania Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 127: Oceania Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 128: Oceania Value (US$ Million) Analysis by Material, 2017 to 2032

Figure 129: Oceania Value Share (%) and BPS Analysis by Material, 2022 to 2032

Figure 130: Oceania Y-o-Y Growth (%) Projections by Material, 2022 to 2032

Figure 131: Oceania Value (US$ Million) Analysis by Product, 2017 to 2032

Figure 132: Oceania Value Share (%) and BPS Analysis by Product, 2022 to 2032

Figure 133: Oceania Y-o-Y Growth (%) Projections by Product, 2022 to 2032

Figure 134: Oceania Value (US$ Million) Analysis by Application Type, 2017 to 2032

Figure 135: Oceania Value Share (%) and BPS Analysis by Application Type, 2022 to 2032

Figure 136: Oceania Y-o-Y Growth (%) Projections by Application Type, 2022 to 2032

Figure 137: Oceania Attractiveness by Material, 2022 to 2032

Figure 138: Oceania Attractiveness by Product, 2022 to 2032

Figure 139: Oceania Attractiveness by Application Type, 2022 to 2032

Figure 140: Oceania Attractiveness by Country, 2022 to 2032

Figure 141: MEA Value (US$ Million) by Material, 2022 to 2032

Figure 142: MEA Value (US$ Million) by Product, 2022 to 2032

Figure 143: MEA Value (US$ Million) by Application Type, 2022 to 2032

Figure 144: MEA Value (US$ Million) by Country, 2022 to 2032

Figure 145: MEA Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 146: MEA Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 147: MEA Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 148: MEA Value (US$ Million) Analysis by Material, 2017 to 2032

Figure 149: MEA Value Share (%) and BPS Analysis by Material, 2022 to 2032

Figure 150: MEA Y-o-Y Growth (%) Projections by Material, 2022 to 2032

Figure 151: MEA Value (US$ Million) Analysis by Product, 2017 to 2032

Figure 152: MEA Value Share (%) and BPS Analysis by Product, 2022 to 2032

Figure 153: MEA Y-o-Y Growth (%) Projections by Product, 2022 to 2032

Figure 154: MEA Value (US$ Million) Analysis by Application Type, 2017 to 2032

Figure 155: MEA Value Share (%) and BPS Analysis by Application Type, 2022 to 2032

Figure 156: MEA Y-o-Y Growth (%) Projections by Application Type, 2022 to 2032

Figure 157: MEA Attractiveness by Material, 2022 to 2032

Figure 158: MEA Attractiveness by Product, 2022 to 2032

Figure 159: MEA Attractiveness by Application Type, 2022 to 2032

Figure 160: MEA Attractiveness by Country, 2022 to 2032

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