The tank insulation market was valued at $496 billion in 2018 and is expected to reach $69.3 billion by 2026, with a CAGR of 4% from 2021 to 2027.
As the application of tank insulation in the oil and gas and chemical industries increases, and the demand for LPG and LNH gases in the industry increases, the demand for tank insulation is expected to increase. The Global Tank Insulation Market report provides a holistic assessment of the market. The report provides a comprehensive analysis of the key segments, trends, drivers, limitations, competitive landscape, and factors playing an important role in the market.
A full report of Tank Insulation Market available at https://www.orionmarketreports.com/tank-insulation-market-market/51256/
Key Market Players
The key players in this market are Rockwool International A/S (Denmark), Owens Corning (US), Saint-Gobain (France), Kingspan Group (Republic of Ireland), Armacell International S.A. (Germany), Cabot Corporation (US), Johns Manville (US), Knauf Insulation (US), BASF SE (Germany), and Covestro AG (Germany). These players have adopted various growth strategies to expand their presence and increase their shares in the tank insulation market. For instance, Armacell is focusing on emerging markets with sustainable developments for the tank insulation market.
Tank Insulation Market – Segmentation
By material
• PU & PIR
• Rockwool
• Fiberglass
• Elastomeric foam
• Cellular Glass
• EPS
• Others (aerogel, perlite, ceramics)
By type
• Storage Tank Insulation
• Transportation Tank Insulation
By temperature
• Cold Insulation
• Hot Insulation
By end-use Industry
• Oil & Gas
• Chemical
• Food & Beverage
• Energy & Power
• Others (fire protection water treatment, metal, and pharmaceutical, among others)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
