The global industrial insulation market size was estimated at $7.24 billion in 2019 and is expected to show a 5.1% CAGR in terms of revenue over the forecast period. The growing demand for products to improve equipment efficiency and process performance across the application industry is expected to be a major driver of growth.
A full report of Industrial Insulation Market available at https://www.orionmarketreports.com/industrial-insulation-market/44484/
The growing demand for industrial insulation is due to increasing industrial, construction, and infrastructure activities in APAC, the Middle East & Africa, and South America, and growing demand for energy conservation and process optimization are driving the industrial insulation market.
Industrial Insulation Market: Segmentation
Based on form:
• Pipe
• Blanket
• Board
• Others
Based on material:
• Mineral Wool
• Calcium Silicate
• Plastic foams
• Others
Based on the end-use industry:
• Power
• Oil & Gas
• Chemical & Petrochemical
• Cement
• Foos & Beverage
• Others
Key Companies Covered
• Knauf Insulation
• ROCKWOOL
• Owens Corning
• BASF SE
• Solvay
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
