DUBLIN--(BUSINESS WIRE)--The "North America Industrial Insulation Market 2021-2028" report has been added to ResearchAndMarkets.com's offering.
The North America industrial insulation market size is expected to reach USD 2.37 billion by 2028, registering a CAGR of 3.6%.
Expansion of the industrial sector coupled with stringent regulations associated with industrial safety and gas emissions is anticipated to have a positive impact on the market growth. Insulation system provides long-term as well as immediate benefits to the industry, including protection of equipment, personnel, and system.
The market is highly influenced by the demand from the oil & gas, manufacturing, metal & mining, power, and other end-use industries. The market growth was adversely impacted by the economic crisis caused by the COVID-19 pandemic. The pandemic restricted most of the industrial operations, which had a major impact on the demand from the end-use industries.
Despite the relaxation in restrictions, the construction and manufacturing sectors have not resumed completely, which affects market growth. The market is highly competitive owing to the presence of a large number of major players in the region. Companies, such as Knauf Gips KG, Rockwool Technical Insulation, and Paroc Group, develop a strong business model to adapt to the market volatility and any technological & geographical change.
North America Industrial Insulation Market Report Highlights
- The glass wool material segment accounted for the maximum revenue share of 21% in 2020 and is estimated to grow at a steady CAGR from 2021 to 2028
- The material offers energy-efficient thermal and acoustic insulation, as well as fire safety, which further propels the segment growth
- Pipe insulation was the largest product segment in 2020 and is expected to expand further at the fastest CAGR from 2021 to 2028
- The growth can be credited to the ability of pipe insulation to increase the energy efficiency of the process or plant, thereby reducing the operating expenses
- The power generation application segment is estimated to register the fastest CAGR from 2021 to 2028 due to the rising demand for insulation materials in the thermal power generation industry to minimize the energy losses
- The U.S. led the market in 2020 owing to the presence of advanced manufacturing industries coupled with high energy conservation requirements
- Major companies in the market focus on extending their product portfolio through the development of more cost-efficient materials
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Market Variables, Trends, and Scope
3.1. Market Segmentation & Scope
3.2. Industry Value Chain Analysis
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.4. Business Environmental Tools Analysis: North America Industrial Insulation Market
3.4.1. Porter's Five Forces Analysis
3.4.2. PESTLE Analysis
3.5. North America Industrial Insulation: Material Comparative Analysis
Chapter 4. North America Industrial Insulation Market: Material Estimates & Trend Analysis
4.1. North America Industrial Insulation Market: Product Movement Analysis, 2020 & 2028
4.2. Stone Wool
4.3. Glass Wool
4.4. CMS Fibers
4.5. Calcium Silicate
4.6. Cellular Glass
4.7. Foamed Plastic
4.8. Elastomeric Foam
4.9. Perlite
4.10. Aerogel
4.11. Cellulose
4.12. Micro Silica
Chapter 5. North America Industrial Insulation Market: Product Estimates & Trend Analysis
5.1. North America Industrial Insulation Market: Product Movement Analysis, 2020 & 2028
5.2. Pipe
5.3. Board
5.4. Blanket
Chapter 6. North America Industrial Insulation Market: Application Estimates & Trend Analysis
6.1. North America Industrial Insulation Market: Application Movement Analysis, 2020 & 2028
6.2. Power Generation
6.3. Petrochemical & Refineries
6.4. EIP Industries
6.5. LNG/LPG Transportation & Storage
Chapter 7. North America Industrial Insulation Market: Regional Estimates & Trend Analysis
7.1. North America Industrial Insulation Market: Regional movement analysis, 2020 & 2028
7.2. U.S.
7.3. Canada
7.4. Mexico
Chapter 8. Competitive Landscape
8.1. Competitive Heat Map Analysis
8.2. Vendor Landscape
8.3. Company Market Positioning
8.4. Strategic Framework
Chapter 9. Company Profiles
- ROCKWOOL Insulation A/S
- 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 Holding GmbH
- L'ISOLANTE K-FLEX S.p.A.
- NMC Insulation
- GLAPOR Werk Mitterteich
- Duna-Corradini S.p.A.
- Owens Corning
- Johns Manville
- Rockwool Manufacturing Company
- Saint-Gobain S.A.
- American Rockwool Manufacturing, LLC
For more information about this report visit https://www.researchandmarkets.com/r/q7rnji
