Industrial Insulation Market Growth Outlook, Industry Valuation and Forecasted Expansion at 5.1% CAGR from 2025 to 2031

Demand for industrial insulation is rising significantly, driven by the need to enhance equipment efficiency, improve process performance, and conserve energy.

WILMINGTON, DE, UNITED STATES, March 11, 2025 /EINPresswire.com/ -- The demand for industrial insulation is rising significantly, driven by the need to enhance equipment efficiency, improve process performance, and conserve energy. Additionally, the surge in construction, industrial, and infrastructure activities worldwide further accelerates market growth.

According to Allied Market Research, the global industrial insulation market was valued at $7.8 billion in 2021 and is projected to reach $12.7 billion by 2031, registering a CAGR of 5.1% from 2022 to 2031. The comprehensive report provides an in-depth analysis of market dynamics, key segments, competitive landscape, and regional trends, offering strategic insights for businesses and investors aiming for sustainable growth.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/A15929

Key Market Insights

- Forecast Period: 2022–2031

- Base Year: 2021

- Market Size (2021): $7.8 billion

- Market Size (2031): $12.7 billion

- CAGR: 5.1%

- Total Pages: 346

- Segments Covered: Material, Form, End-Use Industry, and Region

Market Drivers:

- Rising demand for improved equipment efficiency and process performance

- Increasing focus on energy conservation

- Growth in demand for industrial insulation across various industries

Opportunities & Challenges:

- Opportunities: Expansion in the building & construction sector

- Challenges: High costs associated with installing insulation materials

Market Segmentation:-

By Material:

- Mineral Wool Insulation – Held the largest share in 2021 (over 40%) and is expected to maintain dominance.

- Plastic Foam – Expected to grow at the highest CAGR of 6.4% from 2022 to 2031.

By Form:

- Pipe Insulation – Accounted for nearly 50% of the market in 2021 and is projected to maintain leadership with a 5.4% CAGR.

- Other Segments: Blanket and Board Insulation.

By End-Use Industry:

- Oil & Gas – Leading sector, contributing nearly one-third of the global market share.

- Other Industries: Power, Cement, Food & Beverages, and Chemical & Petroleum.

Regional Analysis:

- Asia-Pacific – Dominated the market in 2021 with more than 40% share and is expected to witness the fastest growth (CAGR 6.4%).

- Other Key Regions: North America, Europe, and LAMEA.

Key Market Players:-

Prominent companies in the industrial insulation market include:

- Armacell International SA

- BASF SE

- Cabot Corporation

- Johns Manville

- Kingspan Group PLC

- Knauf Insulation

- Nichias Corporation

- NMC Group

- Owens Corning

- Polyguard Materials Inc.

- Promat

- Rockwool Group

- Saint Gobain

- Solvay

- Thomas Insulation Corporation

These companies employ strategies such as product innovation, partnerships, expansions, and joint ventures to strengthen their market presence and competitive edge.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/industrial-insulation-market/purchase-options

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Market Research
+15038946022 ext.
email us here
Visit us on social media:
Facebook
X
LinkedIn
YouTube