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Insulation Industry Data Book Covers Insulation, Industrial Insulation, Building Thermal Insulation, Active Insulation, Electric Vehicle Insulation and Aerospace Insulation Markets.
The economic value generated by the insulation industry was estimated at approximately USD 65 billion in 2022.
Grand View Research’s insulation industry database is a collection of market sizing information forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.
Insulation Market Insights
The global insulation market size was estimated at USD 61.36 billion in 2022, expanding at a CAGR of 6.6% over the forecast period.
EPS insulation product segment led the market and accounted for more than 27.4% share of the global revenue in 2022. Expanded polystyrene is a lightweight and high-tensile plastic foam insulation made out of rigid pellets of polystyrene. The product is estimated to continue its dominance over the forecast period.
The construction sector led the market and accounted for the largest market share of 33.3% in 2022 overall revenue. The sector is expected to witness growth owing to the increasing number of insulation-intensive buildings in urban areas in comparison to rural ones. The construction sector was followed by the transportation and residential construction sector and are estimated to expand at a CAGR of 6.9% and 6.8%, respectively.
Industrial Insulation Market Insights
The global industrial insulation market size was valued at USD 8.21 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.0% from 2023 to 2030.
Stone wool led the market and accounted for about 21.6% share of the revenue in 2022. Stone wool is manufactured from volcanic rocks such as dolomite, diabase, and basalt, which are available in abundance. Stone wool products are generally used where high compressive strength is required. It acts as an excellent fire barrier and does not emit any dangerous amount of smoke or toxic gases. It also provides effective protection against both high and low temperatures.
Pipe insulation led the market and accounted for about 47.76% share of the revenue in 2022. The market is projected to witness notable demand, expanding at a CAGR 5.5% from 2023 to 2030 due to its superior performance and ability to stabilize the process temperatures. It provides protection against freeze damage and pipe breaks and prevents exposure to extreme temperatures.
LPG/LNG led the market and accounted for about 20.70% share of the revenue in 2022. The market is expected to continue the trend over the forecast period, which can be attributed to high risk involved in the transportation storage of LPG LNG products, leading to extensive product demand. In addition, the proper insulation of the transportation pipes in the LNG and LPG industries also results in a heightened demand for insulation, which leads to market growth.
Building Thermal Insulation Market Insights
The global building thermal insulation market size was estimated at USD 31.40 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2030.
Expanded Polystyrene (EPS) is expected to exhibit the highest CAGR of 5.0% in terms of revenue over the forecast period, owing to its excellent thermal insulation property, and long life span. Also, increasing preference for the product owing to its non-toxic, rot-proof, and recyclable properties is expected to boost the growth.
Roof application accounted for a market share of 35% in 2022 and is expected to witness significant CAGR over the forecast period, owing to the rising requirement to avoid heat penetration from direct sunrays through the roof of buildings. Also, an increasing number of single housings are expected to boost the segment’s growth over the forecast period.
The residential construction segment is estimated to witness the highest CAGR of 4.7% during the forecast period, owing to the high growth of single-unit houses, coupled with refurbishment and re-insulation of old houses. Besides, growth in multi-family housing construction activities is also predicted to aid the building thermal insulation industry’s growth.
Access the Global Insulation Industry Data Book, 2022 to 2030, compiled with details like market sizing information forecasts, trade data, pricing intelligence, competition benchmarking, macro-environmental analyses, and regulatory technological framework studies
Active Insulation Market Insights
The global active insulation market size was valued at USD 254.5 million in 2019 on account of increased demand from the building and construction industry and is anticipated to ascend at a revenue-based CAGR of 5.9% over the forecast period.
Polyester emerged as the largest product segment for textile applications and accounted for the revenue share of 41.9% in 2019. Product properties such as quick-drying and resistance against stretching and shrinking are likely to drive demand for polyester in textile applications. Moreover, high performance, optimal skin compatibility, and low prices are also expected to support product demand over the forecast period.
Building and construction was the largest application segment in 2019 and accounted for more than 79% of the total demand. Advanced knitting techniques for the conversion of normal fibers and materials into construction boards and insulation fibers are further likely to support the active insulation market. Insulation manufacturers are focusing on RD to produce suitable materials for building insulation.
Electric Vehicle Insulation Market
The global electric vehicle insulation market size was estimated at USD 1.3 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 19.5% from 2020 to 2027.
Foamed plastics led the market and accounted for more than 58% share of the global revenue in 2019. Foamed plastic insulation is extremely lightweight and exhibits superior impact resistance properties. Furthermore, the use of compression pads made from foamed plastics to reduce the vibration and shock on the battery components is having a favorable impact on the market.
Electrical insulation led the market and accounted for more than 50% share of the global revenue in 2019. The segment is estimated to expand further at the fastest CAGR from 2020 to 2027. The thermal product segment is projected to account for the second-highest market share by 2027 due to the rising demand for thermal insulation materials in the battery pack management.
Under the hood battery pack application segment led the market and accounted for more than 43% share of the global revenue in 2019. Ever-increasing product utilization for insulating a variety of vehicle components, such as battery packs and electric motor, is projected to boost the segment growth.
The Hybrid Electric Vehicle (HEV) segment led the market and accounted for more than 53% share of the global revenue in 2019. Growing demand for environmentally friendly, fuel-efficient cars is driving the segment growth. In addition, the growing regulatory support for the adoption of hybrid cars is further expected to boost the market growth over the forecast period.
Aerospace Insulation Market insights
The global aerospace insulation market size was valued at USD 8.85 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2020 to 2027.
Ceramic materials accounted for the largest market share of 48.6% in 2019 and are expected to witness the fastest growth over the forecast period. This is attributed to their beneficial properties, such as extreme heat resistance, corrosion resistance, and lightweight. These materials are widely used for a number of aerospace applications, including exhaust systems and engines, thermal protection shields, brakes, bearings, seals, and other wear-resistant components.
The commercial segment including passenger and Freightliner aircraft is one of the major application areas of insulation in the aerospace industry. The segment accounted for the largest share of over 55.0% in 2019 and is anticipated to witness the fastest growth over the forecast period.
Thermal insulation held the largest share of 66.3% in 2019 owing to the extensive use of thermal insulation in aircraft manufacturing as well as aftermarket. Thermal insulation is mainly used to provide a heat shield for engine components as well as thrust reversers and ducts. The application of thermal insulation provides the necessary fire barrier to the components from high temperatures.
The aerostructure segment dominated the market with a share of 59.0% in 2019 and is expected to maintain its lead over the forecast period. The segment comprises fuselage, door pairings, wings, and airframe, which require insulation in maintaining a comfortable temperature in the cabin interior and flight deck.
Insulation Market – Global Industry Segmentation
Industrial Insulation Market Analysis, By Material, 2018 - 2030 (Volume, Kiloton; Revenue, USD Million)
Material Movement Analysis Market Share, 2022 2030
Market Estimates and Forecasts By Material, 2018 - 2030 (Kiloton) (USD Million)
- Stone Wool
- Glass Wool
- CMS Fibers
- Calcium Silicate
- Cellular Glass
- Foamed Plastic
- Elastomeric Foam
- Perlite
- Aerogel
- Cellulose
- Micro Silica
- Others
Industrial Insulation Market Analysis, By Product, 2018 - 2030 (Volume, Kiloton; Revenue, USD Million)
Product Movement Analysis Market Share, 2022 2030
Market Estimates and Forecasts By Product, 2018 - 2030 (Kiloton) (USD Million)
- Pipe
- Board
- Blanket
- Others
Industrial Insulation Market Analysis, By Application, 2018 - 2030 (Volume, Kiloton; Revenue, USD Million)
Application Movement Analysis Market Share, 2022 2030
Market Estimates and Forecasts By Application, 2018 - 2030 (Kiloton) (USD Million)
- Power Generation
- Petrochemical Refineries
- EIP Industries
- LNG/LPG Transportation Storage
- Other Applications
Building Thermal Insulation Market Analysis, By Material, 2018 - 2030 (Volume, Kiloton; Revenue, USD Million)
Material Movement Analysis Market Share, 2022 2030
Market Estimates and Forecasts By Material, 2018 - 2030 (Kiloton) (USD Million)
- Mineral Wool
- Glass Wool
- EPS
- XPS
- Others
Building Thermal Insulation Market Analysis, By Product, 2018 - 2030 (Volume, Kiloton; Revenue, USD Million)
Product Movement Analysis Market Share, 2022 2030
Market Estimates and Forecasts By Product, 2018 - 2030 (Kiloton) (USD Million)
- Roof
- Wall
- Floor
Building Thermal Insulation Market Analysis, By End-use, 2018 - 2030 (Volume, Kiloton; Revenue, USD Million)
End-use Movement Analysis Market Share, 2022 2030
Market Estimates and Forecasts By End-use, 2018 - 2030 (Kiloton) (USD Million)
- Residential
- Commercial
Active Insulation Market Analysis, By Material, 2018 - 2030 (Volume, Kiloton; Revenue, USD Million)
Material Movement Analysis Market Share, 2022 2030
Market Estimates and Forecasts By Material, 2018 - 2030 (Kiloton) (USD Million)
- Textile Insulation Products
- Polyester
- Cotton
- Wool
- Nylon
- Building Construction Insulation Products
- Glass Wool
- Mineral Wool
- EPS
- Others
Active Insulation Market Analysis, By Application, 2018 - 2030 (Volume, Kiloton; Revenue, USD Million)
Application Movement Analysis Market Share, 2022 2030
Market Estimates and Forecasts By Application, 2018 - 2030 (Kiloton) (USD Million)
- Textile Insulation Products
- Activewear
- Sportswear
- Others
- Building Construction Insulation Products
- Residential
- Commercial
Electric Vehicle Insulation Market Analysis, By Material, 2018 - 2030 (Volume, Kiloton; Revenue, USD Million)
Material Movement Analysis Market Share, 2022 2030
Market Estimates and Forecasts By Material, 2018 - 2030 (Kiloton) (USD Million)
- Thermal Interface Materials
- Foamed Plastics
- Ceramics
- Others
Electric Vehicle Insulation Market Analysis, By Product, 2018 - 2030 (Volume, Kiloton; Revenue, USD Million)
Product Movement Analysis Market Share, 2022 2030
Market Estimates and Forecasts By Product, 2018 - 2030 (Kiloton) (USD Million)
- Thermal Insulation
- Electric Insulation
- Acoustic Insulation
Electric Vehicle Insulation Market Analysis, By Application, 2018 - 2030 (Volume, Kiloton; Revenue, USD Million)
Application Movement Analysis Market Share, 2022 2030
Market Estimates and Forecasts By Application, 2018 - 2030 (Kiloton) (USD Million)
- Under the Hood Battery Pack
- Interior
- Others
Electric Vehicle Insulation Market Analysis, By End-use, 2018 - 2030 (Volume, Kiloton; Revenue, USD Million)
End-use Movement Analysis Market Share, 2022 2030
Market Estimates and Forecasts By End-use, 2018 - 2030 (Kiloton) (USD Million)
- Battery Electric Vehicle (EV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- Fuel Cell Electric Vehicle
Aerospace Insulation Market Analysis, By Material, 2018 - 2030 (Volume, Kiloton; Revenue, USD Million)
Material Movement Analysis Market Share, 2022 2030
Market Estimates and Forecasts By Material, 2018 - 2030 (Kiloton) (USD Million)
- Ceramic Materials
- Mineral Wool
- Foamed Plastic
- Fiberglass
- Others
Aerospace Insulation Market Analysis, By Product, 2018 - 2030 (Volume, Kiloton; Revenue, USD Million)
Product Movement Analysis Market Share, 2022 2030
Market Estimates and Forecasts By Product, 2018 - 2030 (Kiloton) (USD Million)
- Thermal Insulation
- Acoustic Insulation
- Electric Insulation
Aerospace Insulation Market Analysis, By Application, 2018 - 2030 (Volume, Kiloton; Revenue, USD Million)
Application Movement Analysis Market Share, 2022 2030
Market Estimates and Forecasts By Application, 2018 - 2030 (Kiloton) (USD Million)
- Engine
- Aerostructure
Aerospace Insulation Market Analysis, By End-use, 2018 - 2030 (Volume, Kiloton; Revenue, USD Million)
End-use Movement Analysis Market Share, 2022 2030
Market Estimates and Forecasts By End-use, 2018 - 2030 (Kiloton) (USD Million)
- Commercial
- Military
- Business General Aviation
- Others
Order your copy of the Free Sample of “Insulation Industry Data Book - Insulation, Industrial Insulation, Building Thermal Insulation, Active Insulation, Electric Vehicle Insulation and Aerospace Insulation Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research
Insulation Industry Data Book Regional Outlook
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Asia Pacific
- China
- Japan
- India
- South Korea
- Latin America
- Middle East Africa (MEA)
Insulation Industry Data Book Competitive Landscape
Global insulation market is competitive nature, owing to the presence of large number of major players in the market.
Key players operating in the Insulation industry are –
- Rockwool Technical insulation
- Paroc Group
- Knauf Gips KG
Go through the table of content of Insulation Industry Data Book to get a better understanding of the Coverage Scope of the study
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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