Insulation is the process of using compound or material made up of different compounds that are able of limiting the flow of heat or thermal energy. Insulation materials carry out the utilities such as energy conservation, process control, condensation control, freeze protection, noise reduction, and prominently, decrease of environmental pollution. While selecting suitable insulation material, factors such as vibration, physical stress, fire protection, service & maintenance and operating temperature have to be kept in mind.

Market Dynamics

Sustainable growth in insulation technologies and government initiatives to encourage energy efficiency is driving growth of this market. Rising costs of energy have obstructed key industries on account of augmented operational costs. This challenge hampers the growth of this market significantly. Low environmental impact and improved process security are expected to boost the growth of this market.

Market Classification

The market can be bifurcated on the basis of product, application and geography. By product, industrial insulation market can be segmented into glass wool, foamed plastic, CMS fibers, stone wool, cellular glass, calcium silicate elastomeric foam, others such as perlite, aerogel, micro silica. By application, industrial insulation market can be segmented into power generation, EIP industries, LNG/LPG petrochemical & refineries, and others. On the basis of geography, the industrial insulation market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.

Report Coverage

Market Participants

Some of the major players involved in industrial insulation market include

• Industrial Insulation Group LLC
• Cellofoam North America, Inc.
• Insulcon Group
• URSA Insulation S.A.
• Isolatek International, Inc
• Others

Market Segmentation

Market By Product

• Stone Wool
• Glass Wool
• CMS Fibers
• Calcium Silicate
• Cellular Glass
• Foamed Plastic
• Elastomeric Foam
• Others (Perlite, Aerogel, Micro Silica)

Market By Application

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

Market By Geography

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Chile
  • Rest of LATAM
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Rest of MEA