The technical insulation market is expected to grow from USD 7.6 billion in 2019 to USD 10.4 billion by 2027, at a CAGR of 4% during the forecast period 2020-2027.
The most effective and cheapest method for the reduction of carbon dioxide is known as technical insulation. Technical insulations are used in cool boxes, refrigerated transport, discontinuous panels, commercial display units, reefers, and water heaters. Some of the common benefits are it reduces energy costs, prevents moisture condensation, enhances process performance, safety and protection of personnel, reduces capacity and size of new mechanical equipment, and also reduces emissions of pollutants.
The factors driving the market are progressing energy and power demands in rising economies owing to accelerated urbanization and industrialization, and strict regulations mandating the use of technical insulations. The opportunity in the market is increased infrastructure in growing economies. The factor hampering the market growth are low awareness about technical insulations and volatile raw material prices. The major challenge for the technical insulation industry is corrosion under insulation leading to health and safety-related incidents.
This study delivers a comprehensive analysis of application, type, end-user, and region. The application segment includes HVAC, refrigeration, heating and plumbing, acoustic, industrial process. The HVAC segment holds the largest market share, owing to the increasing insulation demand in industrial and marine sector to control humidity and temperature, save on operational cost, and reduce noise. Based on type, the market is segmented into rigid, man-made mineral fibre, and flexible. The man-made mineral fibre is expected to witness significant growth. It is further segmented into fibreglass, stone wool, calcium silicate, cellular glass, aerogel, vacuum insulated panels, and microporous insulation. The demand is attributed to use in pipes at maximum temperature, have high compression resistance and can fit properly in a pipe section. The man-made mineral fibre helps to maintain optimal temperatures of both hot and cold pipes. The end-user segment includes energy, commercial, transportation, and industrial & OEM. Industrial and OEM segment is anticipated to witness significant growth, owing to the need to conserve energy in industrial plants by increasing the efficiency of plants. Properties like low water absorption, effective noise reduction, low thermal conductivity, and corrosion resistance are responsible for the industrial growth.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia-Pacific region holds the largest share in the market, owing to the growth of the manufacturing and mining industries in the region. Manufacturing base from North America and Europe are shifted to the Asia-Pacific region, owing to low labour and raw material costs. China is expected to lead the market in Asia-Pacific region. Europe also holds the largest share, owing to the European Union’s initiative to promote thermal insulation as energy conservation. In Europe, Germany is expected to lead the market.
Some of the notable players are Cellofoam North America Inc., ROCKWOOL International A/S., Atlas Roofing Corporation, Dow Building Solutions, GAF Materials LLC, Byucksan Corporation, Guardian Building Products Inc., Owens Corning, Kingspan Group plc, and Compagnie de Saint-Gobain S.A. In April 2018, Owens Corning acquired Guangde SKD Rock Wool Manufacture Co. Ltd., a manufacturer of mineral wool.
Technical Insulation Market, by Application
Technical Insulation Market, by Type
Technical Insulation Market, by End-user
Technical Insulation Market, by Region
Report Description:
The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Type
4.3.2. Market Attractiveness Analysis By Application
4.3.3. Market Attractiveness Analysis By End User
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.3. Restrains
5.4. Opportunities
5.5. Challenges
6. Global Technical Insulation Market Analysis and Forecast, By Type
6.1. Segment Overview
6.2. Rigid
6.3. Man-Made Mineral Fibre
6.4. Flexible
7. Global Technical Insulation Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. HVAC
7.3. Refrigeration
7.4. Heating and Plumbing
7.5. Acoustic
7.6. Industrial Process
8. Global Technical Insulation Market Analysis and Forecast, By End User
8.1. Segment Overview
8.2. Energy
8.3. Commercial
8.4. Transportation
8.5. Industrial & OEM
9. Global Technical Insulation Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Technical Insulation Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Technical Insulation Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Cellofoam North America Inc.
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. ROCKWOOL International A/S.
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Atlas Roofing Corporation
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Dow Building Solutions
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. GAF Materials LLC
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Byucksan Corporation
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Guardian Building Products Inc.
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Owens Corning
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Kingspan Group plc
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Compagnie de Saint-Gobain S.A.
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
List of Table
1. Global Technical Insulation Market, By Type, 2017–2027(USD Billion)
2. Global Rigid Technical Insulation Market, By Region, 2017–2027(USD Billion)
3. Global Man-Made Mineral Fibre Technical Insulation Market, By Region, 2017–2027(USD Billion)
4. Global Flexible Technical Insulation Market, By Region, 2017–2027(USD Billion)
5. Global Technical Insulation Market, By Application, 2017–2027(USD Billion)
6. Global HVAC Technical Insulation Market, By Region, 2017–2027(USD Billion)
7. Global Refrigeration Technical Insulation Market, By Region, 2017–2027(USD Billion)
8. Global Heating and Plumbing Technical Insulation Market, By Region, 2017–2027(USD Billion)
9. Global Acoustic Technical Insulation Market, By Region, 2017–2027(USD Billion)
10. Global Industrial Process Technical Insulation Market, By Region, 2017–2027(USD Billion)
11. Global Technical Insulation Market, By End User, 2017–2027(USD Billion)
12. Global Energy Technical Insulation Market, By Region, 2017–2027(USD Billion)
13. Global Commercial Technical Insulation Market, By Region, 2017–2027(USD Billion)
14. Global Transportation Technical Insulation Market, By Region, 2017–2027(USD Billion)
15. Global Industrial & OEM Technical Insulation Market, By Region, 2017–2027(USD Billion)
16. Global Technical Insulation Market, By Region, 2017–2027(USD Billion)
17. Global Technical Insulation Market, By North America, 2017–2027(USD Billion)
18. North America Technical Insulation Market, By Type, 2017–2027(USD Billion)
19. North America Technical Insulation Market, By Application, 2017–2027(USD Billion)
20. North America Technical Insulation Market, By End User, 2017–2027(USD Billion)
21. U.S. Technical Insulation Market, By Type, 2017–2027(USD Billion)
22. U.S. Technical Insulation Market, By Application, 2017–2027(USD Billion)
23. U.S. Technical Insulation Market, By End User, 2017–2027(USD Billion)
24. Canada Technical Insulation Market, By Type, 2017–2027(USD Billion)
25. Canada Technical Insulation Market, By Application, 2017–2027(USD Billion)
26. Canada Technical Insulation Market, By End User, 2017–2027(USD Billion)
27. Mexico Technical Insulation Market, By Type, 2017–2027(USD Billion)
28. Mexico Technical Insulation Market, By Application, 2017–2027(USD Billion)
29. Mexico Technical Insulation Market, By End User, 2017–2027(USD Billion)
30. Europe Technical Insulation Market, By Type, 2017–2027(USD Billion)
31. Europe Technical Insulation Market, By Application, 2017–2027(USD Billion)
32. Europe Technical Insulation Market, By End User, 2017–2027(USD Billion)
33. Germany Technical Insulation Market, By Type, 2017–2027(USD Billion)
34. Germany Technical Insulation Market, By Application, 2017–2027(USD Billion)
35. Germany Technical Insulation Market, By End User, 2017–2027(USD Billion)
36. France Technical Insulation Market, By Type, 2017–2027(USD Billion)
37. France Technical Insulation Market, By Application, 2017–2027(USD Billion)
38. France Technical Insulation Market, By End User, 2017–2027(USD Billion)
39. U.K. Technical Insulation Market, By Type, 2017–2027(USD Billion)
40. U.K. Technical Insulation Market, By Application, 2017–2027(USD Billion)
41. U.K. Technical Insulation Market, By End User, 2017–2027(USD Billion)
42. Italy Technical Insulation Market, By Type, 2017–2027(USD Billion)
43. Italy Technical Insulation Market, By Application, 2017–2027(USD Billion)
44. Italy Technical Insulation Market, By End User, 2017–2027(USD Billion)
45. Spain Technical Insulation Market, By Type, 2017–2027(USD Billion)
46. Spain Technical Insulation Market, By Application, 2017–2027(USD Billion)
47. Spain Technical Insulation Market, By End User, 2017–2027(USD Billion)
48. Asia Pacific Technical Insulation Market, By Type, 2017–2027(USD Billion)
49. Asia Pacific Technical Insulation Market, By Application, 2017–2027(USD Billion)
50. Asia Pacific Technical Insulation Market, By End User, 2017–2027(USD Billion)
51. Japan Technical Insulation Market, By Type, 2017–2027(USD Billion)
52. Japan Technical Insulation Market, By Application, 2017–2027(USD Billion)
53. Japan Technical Insulation Market, By End User, 2017–2027(USD Billion)
54. China Technical Insulation Market, By Type, 2017–2027(USD Billion)
55. China Technical Insulation Market, By Application, 2017–2027(USD Billion)
56. China Technical Insulation Market, By End User, 2017–2027(USD Billion)
57. India Technical Insulation Market, By Type, 2017–2027(USD Billion)
58. India Technical Insulation Market, By Application, 2017–2027(USD Billion)
59. India Technical Insulation Market, By End User, 2017–2027(USD Billion)
60. South America Technical Insulation Market, By Type, 2017–2027(USD Billion)
61. South America Technical Insulation Market, By Application, 2017–2027(USD Billion)
62. South America Technical Insulation Market, By End User, 2017–2027(USD Billion)
63. Brazil Technical Insulation Market, By Type, 2017–2027(USD Billion)
64. Brazil Technical Insulation Market, By Application, 2017–2027(USD Billion)
65. Brazil Technical Insulation Market, By End User, 2017–2027(USD Billion)
66. Middle East and Africa Technical Insulation Market, By Type, 2017–2027(USD Billion)
67. Middle East and Africa Technical Insulation Market, By Application, 2017–2027(USD Billion)
68. Middle East and Africa Technical Insulation Market, By End User, 2017–2027(USD Billion)
69. UAE Technical Insulation Market, By Type, 2017–2027(USD Billion)
70. UAE Technical Insulation Market, By Application, 2017–2027(USD Billion)
71. UAE Technical Insulation Market, By End User, 2017–2027(USD Billion)
72. South Africa Technical Insulation Market, By Type, 2017–2027(USD Billion)
73. South Africa Technical Insulation Market, By Application, 2017–2027(USD Billion)
74. South Africa Technical Insulation Market, By End User, 2017–2027(USD Billion)
List of Figures
1. Global Technical Insulation Market Segmentation
2. Technical Insulation Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Technical Insulation Market Attractiveness Analysis By Type
9. Global Technical Insulation Market Attractiveness Analysis By Application
10. Global Technical Insulation Market Attractiveness Analysis By End User
11. Global Technical Insulation Market Attractiveness Analysis By Region
12. Global Technical Insulation Market: Dynamics
13. Global Technical Insulation Market Share By Type (2019 & 2027)
14. Global Technical Insulation Market Share By Application (2019 & 2027)
15. Global Technical Insulation Market Share By End User (2019 & 2027)
16. Global Technical Insulation Market Share by Regions (2019 & 2027)
17. Global Technical Insulation Market Share by Company (2019)
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