Dublin, April 26, 2019 (GLOBE NEWSWIRE) -- The "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, 2024" report has been added to ResearchAndMarkets.com's offering.

The global industrial thermal insulation market is forecast to exhibit a CAGR of over 7% during 2019-2024, growing from $6.41 billion in 2018 to $9.85 billion by 2024, owing to expanding industrial sector and stringent safety and emission norms.

Thermal insulation has become essential in industries for safety and for reducing heat loss during the manufacturing process. Industrial thermal insulation helps in increasing the sustainability of manufacturing processes. The rising demand in industrial refrigeration to prevent condensation and development in high temperature insulation wools is expected to positively influence the market during forecast period.

In terms of material, the 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 2018, owing to their broad service temperature range, which is around 35C to 815C. 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 the 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.

The global industrial thermal insulation market boasts the presence of numerous players manufacturing and catering their products in regional and the global market. The key manufacturers are focusing on expanding their product portfolio by strategic acquisitions & mergers, joint ventures, product launches, and exclusive agreements. Few of the major companies operating in the market are Rockwool A/S, Paroc Group Oy, The 3M Company, NICHIAS Corporation and TechnoNICOL Corporation.

Years considered for this report:

Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024

Objective of the Study

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

Key Topics Covered

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer
4.1. Factors considered while selecting a supplier
4.2. Product awareness and applicability & usage analysis
4.3. Challenges/issues faced post purchase
4.4. Unmet needs

5. Global Industrial Thermal Insulation Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Material (Calcium Silicate, Mineral Fiber, Foamed Plastic, Perlite, Cellular Glass and Others)
5.2.2. By Product Form (Rigid Foam/Foam Board, Flexible Foam, Sprayed Foam, Loose Fillers and Others)
5.2.3. By End Use Industry (Petrochemical & Refineries, Pharma and Biotechnology, Power Generation, Aerospace & Defense, Automotive and Others)
5.2.4. By Region (Asia-Pacific, Europe, North America, South America and Middle East & Africa)
5.2.5. By Company (2018)
5.3. Market Attractiveness Index (By Material, By Product Form, By End Use Industry and By Region)

6. North America Industrial Thermal Insulation Market Outlook

7. Europe Industrial Thermal Insulation Market Outlook

8. Asia Pacific Industrial Thermal Insulation Market Outlook

9. South America Industrial Thermal Insulation Market Outlook

10. Middle East & Africa Industrial Thermal Insulation Market Outlook

11. Market Dynamics
11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

13. Competitive Landscape
13.1. Competition Outlook
13.2. Company Profiles
13.2.1. Basic Details
13.2.2. Financials (As reported)
13.2.3. Supply Chain Analysis
13.2.4. Key Market Focus and Geographical Presence
13.2.5. Planned Investments
13.2.6. Pricing of Target Products
13.2.7. Market positioning
13.3. Global Players Profiled (Leading Companies)
13.3.1 Rockwool A/S
13.3.2 BASF SE
13.3.3 The 3M Company
13.3.4 Kingspan Group
13.3.5 Cabot Corporation
13.3.6 NICHIAS Corporation
13.3.7 Pittsburgh Corning Corporation
13.3.8 Armacell Enterprise GmbH & Co. KG
13.3.9 TechnoNICOL Corporation
13.3.10 Paroc Group
(Note: The companies list can be customized based on the client requirements)

14. Strategic Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/yifan8

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Related Topics: Insulation 

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