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Industrial Insulation Market by Form (Pipe, Blanket, Board), Material (Mineral wool, Calcium silicate, Plastic foams), End-use (Power, Oil & Petrochemical, Gas, Chemical, Cement, Food & Beverage), and Region - Global Forecast to 2027


Product Code : MNMCH00106898
Survey : MarketsandMarkets
Publish On : 16, November, 2022
Category : Chemicals and Advanced Materials
Study Area : Global
Report format : PDF
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[Report Description]

"The industrial insulation market size is projected to reach USD 5.0 billion by 2027 at a CAGR of 5.4% from 2022. The power industry had the largest market share in 2021, followed by the oil & petrochemical segment during the forecast period. The demand for industrial insulation is increasing owing to the growth in industrial activities in both developed and emerging economies. The demand for industrial insulation in emerging economies, such as Asia Pacific, the Middle East & Africa, and South America, is increasing, owing to the growing infrastructure activities. Also, regulations related to energy conservation are driving the market for insulation in these industries.  

In terms of value, board is the second fastest-growing form in the industrial insulation market, during the forecast period. 

Board form of insulation is a structural or finished material that consists of lightly compressed sheets and is specifically used for its thermal insulating effect. The primary component or material for board insulation can be plastics, such as XPS, glass wool, calcium, and silicate. This form is used for thermal and acoustic insulation in residential, commercial, and industrial applications. Board form of insulation can be used for piping as well as heating & air-conditioning ducts, power & process equipment, boiler & stack installations, wall & roof panel systems, and tanks and valves.

In terms of value, calcium silicate is the second-largest and fastest-growing material in the industrial insulation market, during the forecast period. 

Calcium silicate is a granular type of insulation, which comprises lime and silica and is reinforced with organic and inorganic fibers and molded into rigid forms. It can be operated with a temperature range of 95°F to 1,499°F. It is mainly used in the petrochemical, oil & gas, and power industries. In the oil & gas industry, for equipment operating continuously above 212°F or for acoustic insulation applications, calcium silicate is used. Johns Manville and Insulcon BV are some of the major manufacturers of calcium silicate insulation.

In terms of value, food & beverage is estimated to be the third fastest-growing segment in the industrial insulation market, by end-use industry, during the forecast period.

Insulation materials are used in pipes, fryers, cookers, storage tanks, and sterilizers in the food & beverage sector. Food preparation and processing require thermal insulation to save energy and reduce overall operational expenses. Insulation materials used need to be food-grade and government-approved. Insulation in these facilities helps in the reduction of energy costs, reduction in condensation, and maintenance of a safe work environment. Plastic foams are mostly used in this industry for insulation purposes.  

Western Europe region accounted for the third-largest share in the industrial insulation market by value.

Diversified end-use industries, manufacturers, compounders, distributors, and technical service providers present growth opportunities for the market. Germany, the UK, France, Italy, and Spain are the major industrial insulation markets in the region. The region is witnessing a gradual energy transition that the COVID-19 pandemic has accelerated. The chemical & petrochemical industry in Europe is expected to grow due to a favorable business environment and trade policies. This scenario has boosted the demand for industrial insulation in the region.

Breakdown of primaries

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the industrial insulation market, and information was gathered from secondary research to determine and verify the market size of several segments. The break-up of the primaries is as follows:

•    By Company Type: Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%
•    By Designation: C Level Executives– 20%, Directors – 10%, and Others – 70%
•    By Region: Asia Pacific – 30%, Europe – 30%, North America – 20%, the Middle East & Africa – 10%, and South America- 10%

Major players operating in the global industrial insulation market include Owens Corning (US), Saint-Gobain ISOVER (Germany), ROCKWOOL (Denmark), Knauf Insulation (US), Armacell (Luxembourg), Insulcon BV (Netherlands), Kingspan Group (Ireland), Johns Manville (US), Nichias Corporation (Japan), and Promat (ETEX) (Belgium). 

Research Coverage:

This report provides detailed segmentation of the industrial insulation market based on by form, material, end-use industry, and region. Based on form, the market has been segmented into pipe, blanket, and board. Based on material, the market has been segmented into mineral wool, calcium silicate, and plastic foams. Based on end-use industry, the market has been segmented into power, oil & petrochemical, gas, chemical, cement, and food & beverage.

Key Benefits of Buying the Report:

From an insight perspective, this research report focuses on various levels of analyses — industry analysis (industry trends), market ranking of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the industrial insulation market; high growth regions; and market drivers, restraints, opportunities, and challenges."
 

TABLE OF CONTENTS

"1    INTRODUCTION    25
1.1    STUDY OBJECTIVES    25
1.2    MARKET DEFINITION    25
1.2.1    INCLUSIONS AND EXCLUSIONS    26
1.3    MARKET SCOPE    26
FIGURE 1    INDUSTRIAL INSULATION: MARKET SEGMENTATION    26
1.3.1    YEARS CONSIDERED    27
1.3.2    REGIONAL SCOPE    27
1.4    CURRENCY CONSIDERED    28
1.5    UNIT CONSIDERED    28
1.6    STAKEHOLDERS    28
1.7    SUMMARY OF CHANGES    28
2    RESEARCH METHODOLOGY    29
2.1    RESEARCH DATA    29
FIGURE 2    INDUSTRIAL INSULATION MARKET: RESEARCH DESIGN    29
2.1.1    SECONDARY DATA    30
2.1.1.1    List of major secondary sources    30
2.1.1.2    Key data from secondary sources    30
2.1.2    PRIMARY DATA    31
2.1.2.1    Key data from primary sources    31
2.1.3    PRIMARY INTERVIEWS    31
2.1.3.1    Demand and supply sides    31
2.1.3.2    Key industry insights    32
2.1.3.3    Breakdown of primary interviews    32
2.2    MARKET SIZE ESTIMATION    33
FIGURE 3    MARKET SIZE ESTIMATION APPROACH    33
2.2.1    TOP-DOWN APPROACH    33
2.2.1.1    Approach for arriving at market size using top-down approach    34
FIGURE 4    TOP-DOWN APPROACH    34
2.2.2    BOTTOM-UP APPROACH    34
2.2.2.1    Approach for arriving at market size using bottom-up approach    34
FIGURE 5    BOTTOM-UP APPROACH    35
2.3    DATA TRIANGULATION    36
FIGURE 6    INDUSTRIAL INSULATION MARKET: DATA TRIANGULATION    36
2.3.1    MARKET ANALYSIS THROUGH PRIMARY INTERVIEWS    37
2.4    FACTOR ANALYSIS    37

2.5    ASSUMPTIONS    38
2.6    LIMITATIONS & RISKS    38
3    EXECUTIVE SUMMARY    39
FIGURE 7    PIPE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD    40
FIGURE 8    MINERAL WOOL TO LEAD MARKET DURING FORECAST PERIOD    40
FIGURE 9    POWER SEGMENT ACCOUNTED FOR LARGEST SHARE OF INDUSTRIAL INSULATION MARKET    41
FIGURE 10    ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2021    42
4    PREMIUM INSIGHTS    43
4.1    EMERGING ECONOMIES TO WITNESS HIGH GROWTH IN INDUSTRIAL INSULATION MARKET    43
FIGURE 11    ASIA PACIFIC TO OFFER ATTRACTIVE OPPORTUNITIES IN INDUSTRIAL INSULATION MARKET DURING FORECAST PERIOD    43
4.2    INDUSTRIAL INSULATION MARKET, BY FORM    43
FIGURE 12    PIPE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD    43
4.3    INDUSTRIAL INSULATION MARKET, BY MATERIAL    44
FIGURE 13    MINERAL WOOL SEGMENT TO LEAD MARKET DURING FORECAST PERIOD    44
4.4    INDUSTRIAL INSULATION MARKET, BY END-USE INDUSTRY    44
FIGURE 14    POWER INDUSTRY TO LEAD MARKET BY 2027    44
4.5    INDUSTRIAL INSULATION MARKET, BY COUNTRY    45
FIGURE 15    MARKET IN CHINA TO GROW AT HIGHEST CAGR    45
5    MARKET OVERVIEW    46
5.1    INTRODUCTION    46
5.2    MARKET DYNAMICS    46
FIGURE 16    DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN INDUSTRIAL INSULATION MARKET    46
5.2.1    DRIVERS    46
5.2.1.1    Increasing power and energy requirements in emerging as well as developed economies    46
5.2.1.2    Growing industrialization across developing economies    47
5.2.1.3    Regulations mandating use of insulation for energy conservation    49
5.2.2    RESTRAINTS    49
5.2.2.1    Fluctuating raw material prices    49
FIGURE 17    YEARLY GRAPH OF CRUDE OIL PRICES    50
5.2.2.2    Increased cost of insulation materials    50
5.2.3    OPPORTUNITIES    50
5.2.3.1    Increased infrastructural spending in emerging economies    50
5.2.3.2    Growing adoption of industrial automation technology    50
5.2.3.3    Emerging opportunities for bio-based insulation material    51
5.2.3.4    Increasing demand for high-temperature insulation materials    51

5.2.4    CHALLENGES    51
5.2.4.1    High cost of installation and requirement of skilled workforce    51
5.3    PORTER’S FIVE FORCES ANALYSIS    52
FIGURE 18    INDUSTRIAL INSULATION MARKET: PORTER’S FIVE FORCES ANALYSIS    52
5.3.1    THREAT OF SUBSTITUTES    52
5.3.2    BARGAINING POWER OF SUPPLIERS    53
5.3.3    THREAT OF NEW ENTRANTS    53
5.3.4    BARGAINING POWER OF BUYERS    53
5.3.5    INTENSITY OF COMPETITIVE RIVALRY    53
TABLE 1    INDUSTRIAL INSULATION: PORTER’S FIVE FORCES ANALYSIS    54
5.4    PATENT ANALYSIS    54
5.4.1    METHODOLOGY    54
5.4.2    DOCUMENT TYPE    54
FIGURE 19    GRANTED PATENTS    55
FIGURE 20    NUMBER OF PATENTS PUBLISHED IN LAST 10 YEARS    55
5.4.3    INSIGHTS    55
FIGURE 21    TOP JURISDICTION – BY DOCUMENT    56
5.4.4    TOP 10 COMPANIES/APPLICANTS    56
FIGURE 22    TOP 10 PATENT APPLICANTS    56
TABLE 2    PATENTS BY JOHNS MANVILLE    57
TABLE 3    PATENTS BY SAINT-GOBAIN ISOVER    57
TABLE 4    PATENTS BY AIRLITE PLASTICS CO    57
TABLE 5    TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS    57
5.5    IMPACT OF COVID-19 ON INDUSTRIAL INSULATION MARKET    58
5.5.1    COVID-19    58
5.5.2    IMPACT ON END-USE INDUSTRIES    58
5.6    TARIFF AND REGULATORY LANDSCAPE    59
5.6.1    ASTM C1696-20    59
5.6.2    ASTM C547    59
5.6.3    ISO 13787:2003(E)    59
5.6.4    US    59
5.6.5    EUROPE    60
5.6.6    OTHERS    60
5.6.7    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS    60
TABLE 6    NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS    60
TABLE 7    EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS    61
TABLE 8    REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS    61

5.7    TECHNOLOGY ANALYSIS    62
5.7.1    NEW TECHNOLOGIES – INDUSTRIAL INSULATION    62
5.8    VALUE CHAIN ANALYSIS    63
FIGURE 23    VALUE CHAIN ANALYSIS    63
5.8.1    RAW MATERIAL SUPPLIERS    63
5.8.2    MANUFACTURERS    64
5.8.3    DISTRIBUTORS    64
5.8.4    END USERS    64
TABLE 9    INDUSTRIAL INSULATION: VALUE CHAIN STAKEHOLDERS    64
5.9    ECOSYSTEM MAPPING    65
FIGURE 24    INDUSTRIAL INSULATION ECOSYSTEM    65
5.10    RAW MATERIAL ANALYSIS    66
5.10.1    MINERAL WOOL    66
5.10.2    CALCIUM SILICATE    66
5.10.3    PLASTIC FOAMS    66
5.11    TRADE ANALYSIS    67
5.11.1    IMPORT TRADE ANALYSIS    67
TABLE 10    REGION-WISE IMPORT TRADE (IN USD THOUSAND)    67
FIGURE 25    REGION-WISE IMPORT TRADE (IN USD THOUSAND)    67
5.11.2    EXPORT TRADE ANALYSIS    68
TABLE 11    REGION-WISE EXPORT TRADE (IN USD THOUSAND)    68
FIGURE 26    REGION-WISE EXPORT TRADE (IN USD THOUSAND)    68
TABLE 12    MAJOR IMPORT PARTNERS – INDUSTRIAL INSULATION    69
5.12    MACROECONOMIC INDICATORS    69
5.12.1    GDP TRENDS AND FORECASTS    69
TABLE 13    PROJECTED REAL GDP GROWTH (ANNUAL PERCENT CHANGE) OF KEY COUNTRIES, 2018–2025    70
5.12.2    TRENDS IN POWER INDUSTRY    70
TABLE 14    ELECTRICITY GENERATION STATISTICS, BY COUNTRY, 2019–2020 (TWH)    71
5.12.3    OIL & GAS STATISTICS    71
TABLE 15    OIL PRODUCTION, BY COUNTRY, 2020–2021, THOUSAND BARRELS DAILY    72
5.13    TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES    72
FIGURE 27    TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES    73
5.14    KEY CONFERENCES & EVENTS IN 2022–2023    73
TABLE 16    INDUSTRIAL INSULATION MARKET: DETAILED LIST OF CONFERENCES & EVENTS    73
5.15    KEY FACTORS AFFECTING BUYING DECISION    74
5.15.1    QUALITY    74
5.15.2    SERVICE    74
FIGURE 28    SUPPLIER SELECTION CRITERION    74

5.16    CASE STUDY ANALYSIS    75
5.16.1    ROCKWOOL    75
5.16.2    OWENS CORNING    76
6    INDUSTRIAL INSULATION MARKET, BY FORM    77
6.1    INTRODUCTION    78
FIGURE 29    PIPE TO BE FASTEST-GROWING FORM DURING FORECAST PERIOD    78
TABLE 17    INDUSTRIAL INSULATION MARKET SIZE, BY FORM, 2018–2021 (USD MILLION)    78
TABLE 18    INDUSTRIAL INSULATION MARKET SIZE, BY FORM, 2022–2027 (USD MILLION)    78
6.2    PIPE    79
6.2.1    LARGE NUMBER OF APPLICATION AREAS IN VARIOUS INDUSTRIES    79
TABLE 19    INDUSTRIAL INSULATION MARKET: DETAILED LIST OF COMPANIES BY FORM (PIPE)    80
6.3    BLANKET    80
6.3.1    LIGHTWEIGHT AND EASY TO HANDLE AND MANUFACTURE    80
TABLE 20    INDUSTRIAL INSULATION MARKET: DETAILED LIST OF COMPANIES BY FORM (BLANKET)    81
6.4    BOARD    81
6.4.1    GOOD THERMAL RESISTANCE AND REDUCTION IN HEAT CONDUCTION    81
TABLE 21    INDUSTRIAL INSULATION MARKET: DETAILED LIST OF COMPANIES BY FORM (BOARD)    82
6.5    OTHERS    82
7    INDUSTRIAL INSULATION MARKET, BY MATERIAL    83
7.1    INTRODUCTION    84
FIGURE 30    MINERAL WOOL TO BE FASTEST-GROWING MATERIAL DURING FORECAST PERIOD    84
TABLE 22    INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    84
TABLE 23    INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    85
7.2    MINERAL WOOL    85
TABLE 24    HEAT RESISTANCE OF MINERAL WOOL    85
7.2.1    GLASS WOOL    86
7.2.1.1    Used in power and oil & petrochemical industries    86
7.2.2    STONE WOOL    86
7.2.2.1    Resilient to heat and fire    86
7.2.3    CERAMIC FIBER    86
7.2.3.1    Usage only in high-temperature industrial applications    86
7.3    CALCIUM SILICATE    87
7.4    PLASTIC FOAMS    87
7.4.1    PHENOLIC    87
7.4.1.1    Lightweight and low thermal conductivity    87
7.4.2    ELASTOMERIC    87
7.4.2.1    High flexibility and elasticity benefits    87
7.4.3    OTHERS    88
7.5    OTHERS    88
8    INDUSTRIAL INSULATION MARKET, BY END-USE INDUSTRY    89
8.1    INTRODUCTION    90
FIGURE 31    POWER TO BE LARGEST END-USE INDUSTRY OF INDUSTRIAL INSULATION MARKET    90
TABLE 25    INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    90
TABLE 26    INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    91
8.2    POWER    91
8.2.1    ECONOMIC GROWTH BY INDUSTRIALIZATION    91
8.3    CHEMICAL    92
8.3.1    INVESTMENTS IN CHEMICAL SECTOR TO SUPPORT GROWTH    92
8.4    OIL & PETROCHEMICAL    92
8.4.1    EXTENSIVE USAGE OF CALCIUM SILICATE AND MICROPOROUS INSULATION MATERIALS    92
8.5    GAS    93
8.5.1    INCREASING LNG TRADE IN EMERGING ECONOMIES    93
8.6    CEMENT    93
8.6.1    INCREASED GLOBAL SPENDING ON INFRASTRUCTURE    93
8.7    FOOD & BEVERAGE    94
8.7.1    PLASTIC FOAMS MAINLY USED FOR INSULATION    94
8.8    OTHERS    94
9    INDUSTRIAL INSULATION MARKET, BY REGION    95
9.1    INTRODUCTION    96
FIGURE 32    INDUSTRIAL INSULATION MARKET IN CHINA TO REGISTER HIGHEST CAGR    96
TABLE 27    INDUSTRIAL INSULATION MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)    97
TABLE 28    INDUSTRIAL INSULATION MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)    97
9.2    NORTH AMERICA    97
FIGURE 33    NORTH AMERICA: INDUSTRIAL INSULATION MARKET SNAPSHOT    98
TABLE 29    NORTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)    98
TABLE 30    NORTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)    99
TABLE 31    NORTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY FORM, 2018–2021 (USD MILLION)    99
TABLE 32    NORTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY FORM, 2022–2027 (USD MILLION)    99
TABLE 33    NORTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    100
TABLE 34    NORTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    100
TABLE 35    NORTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    101
TABLE 36    NORTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    101
9.2.1    US    102
9.2.1.1    High growth of major end-use industries    102
TABLE 37    US: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    103
TABLE 38    US: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    103
TABLE 39    US: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    104
TABLE 40    US: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    104
9.2.2    CANADA    104
9.2.2.1    Diversified downstream sector    104
TABLE 41    CANADA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    105
TABLE 42    CANADA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    106
TABLE 43    CANADA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    106
TABLE 44    CANADA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    107
9.2.3    MEXICO    107
9.2.3.1    Government initiatives for investments in power sector    107
TABLE 45    MEXICO: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    108
TABLE 46    MEXICO: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    108
TABLE 47    MEXICO: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    109
TABLE 48    MEXICO: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    109
9.3    ASIA PACIFIC    109
FIGURE 34    ASIA PACIFIC: INDUSTRIAL INSULATION MARKET SNAPSHOT    110
TABLE 49    ASIA PACIFIC: INDUSTRIAL INSULATION MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)    111
TABLE 50    ASIA PACIFIC: INDUSTRIAL INSULATION MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)    111
TABLE 51    ASIA PACIFIC: INDUSTRIAL INSULATION MARKET SIZE, BY FORM, 2018–2021 (USD MILLION)    111
TABLE 52    ASIA PACIFIC: INDUSTRIAL INSULATION MARKET SIZE, BY FORM, 2022–2027 (USD MILLION)    112
TABLE 53    ASIA PACIFIC: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    112
TABLE 54    ASIA PACIFIC: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    113
TABLE 55    ASIA PACIFIC: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    113
TABLE 56    ASIA PACIFIC: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    114
9.3.1    CHINA    114
9.3.1.1    Huge industrial base    114
TABLE 57    CHINA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    115
TABLE 58    CHINA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    115
TABLE 59    CHINA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    116
TABLE 60    CHINA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    116
9.3.2    JAPAN    116
9.3.2.1    Fossil fuel-based power generation    116
TABLE 61    JAPAN: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    117
TABLE 62    JAPAN: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    117
TABLE 63    JAPAN: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    118
TABLE 64    JAPAN: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    118
9.3.3    SOUTH KOREA    119
9.3.3.1    Increasing investments across end-use industries    119
TABLE 65    SOUTH KOREA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    119
TABLE 66    SOUTH KOREA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    120
TABLE 67    SOUTH KOREA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    120
TABLE 68    SOUTH KOREA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    121
9.3.4    INDIA    121
9.3.4.1    Government initiatives to build infrastructure    121
TABLE 69    INDIA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    122
TABLE 70    INDIA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    122
TABLE 71    INDIA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    123
TABLE 72    INDIA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    123
9.3.5    INDONESIA    123
9.3.5.1    Investments in power and oil & gas industries    123
TABLE 73    INDONESIA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    124
TABLE 74    INDONESIA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    124
TABLE 75    INDONESIA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    125
TABLE 76    INDONESIA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    125
9.3.6    VIETNAM    125
9.3.6.1    Investments across end-use industries    125
TABLE 77    VIETNAM: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    126
TABLE 78    VIETNAM: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    127
TABLE 79    VIETNAM: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    127
TABLE 80    VIETNAM: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    128
9.3.7    REST OF ASIA PACIFIC    128
TABLE 81    REST OF ASIA PACIFIC: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    129
TABLE 82    REST OF ASIA PACIFIC: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    129
TABLE 83    REST OF ASIA PACIFIC: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    130
TABLE 84    REST OF ASIA PACIFIC: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    130
9.4    WESTERN EUROPE    131
TABLE 85    WESTERN EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)    131
TABLE 86    WESTERN EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)    131
TABLE 87    WESTERN EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY FORM, 2018–2021 (USD MILLION)    132
TABLE 88    WESTERN EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY FORM, 2022–2027 (USD MILLION)    132
TABLE 89    WESTERN EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    132
TABLE 90    WESTERN EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    133
TABLE 91    WESTERN EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    133
TABLE 92    WESTERN EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    134
9.4.1    GERMANY    134
9.4.1.1    Constant innovations in chemical and petrochemical industries    134
TABLE 93    GERMANY: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    135
TABLE 94    GERMANY: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    135
TABLE 95    GERMANY: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    136
TABLE 96    GERMANY: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    136
9.4.2    FRANCE    136
9.4.2.1    Investments in construction industry and transition toward clean economy    136
TABLE 97    FRANCE: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    137
TABLE 98    FRANCE: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    137
TABLE 99    FRANCE: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    138
TABLE 100    FRANCE: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    138
9.4.3    UK    138
9.4.3.1    Decarbonization activities to boost market    138
TABLE 101    UK: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    139
TABLE 102    UK: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    139
TABLE 103    UK: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    140
TABLE 104    UK: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    140
9.4.4    ITALY    140
9.4.4.1    Transportation to be major consumer    140
TABLE 105    ITALY: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    141
TABLE 106    ITALY: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    141
TABLE 107    ITALY: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    142
TABLE 108    ITALY: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    142
9.4.5    SPAIN    142
9.4.5.1    Growth in concentrated solar power generation    142
TABLE 109    SPAIN: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    143
TABLE 110    SPAIN: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    143
TABLE 111    SPAIN: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    144
TABLE 112    SPAIN: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    144
9.4.6    REST OF WESTERN EUROPE    144
TABLE 113    REST OF WESTERN EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    145
TABLE 114    REST OF WESTERN EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    145
TABLE 115    REST OF WESTERN EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    146
TABLE 116    REST OF WESTERN EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    146
9.5    EASTERN & CENTRAL EUROPE    147
TABLE 117    EASTERN & CENTRAL EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)    147
TABLE 118    EASTERN & CENTRAL EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)    147
TABLE 119    EASTERN & CENTRAL EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY FORM, 2018–2021 (USD MILLION)    147
TABLE 120    EASTERN & CENTRAL EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY FORM, 2022–2027 (USD MILLION)    148
TABLE 121    EASTERN & CENTRAL EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    148
TABLE 122    EASTERN & CENTRAL EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    149
TABLE 123    EASTERN & CENTRAL EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    149
TABLE 124    EASTERN & CENTRAL EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    150
9.5.1    TURKEY    150
9.5.1.1    Urbanization and industrialization trends    150
TABLE 125    TURKEY: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    151
TABLE 126    TURKEY: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    151
TABLE 127    TURKEY: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    152
TABLE 128    TURKEY: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    152
9.5.2    RUSSIA    152
9.5.2.1    Government plans to boost investments    152
TABLE 129    RUSSIA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    153
TABLE 130    RUSSIA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    153
TABLE 131    RUSSIA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    154
TABLE 132    RUSSIA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    154
9.5.3    REST OF EASTERN & CENTRAL EUROPE    155
TABLE 133    REST OF EASTERN & CENTRAL EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    155
TABLE 134    REST OF EASTERN & CENTRAL EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    155
TABLE 135    REST OF EASTERN & CENTRAL EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    156
TABLE 136    REST OF EASTERN & CENTRAL EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    156
9.6    MIDDLE EAST & AFRICA    157
TABLE 137    MIDDLE EAST & AFRICA: INDUSTRIAL INSULATION MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)    157
TABLE 138    MIDDLE EAST & AFRICA: INDUSTRIAL INSULATION MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)    157
TABLE 139    MIDDLE EAST & AFRICA: INDUSTRIAL INSULATION MARKET SIZE, BY FORM, 2018–2021 (USD MILLION)    158
TABLE 140    MIDDLE EAST & AFRICA: INDUSTRIAL INSULATION MARKET SIZE, BY FORM, 2022–2027 (USD MILLION)    158
TABLE 141    MIDDLE EAST & AFRICA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    158
TABLE 142    MIDDLE EAST & AFRICA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    159
TABLE 143    MIDDLE EAST & AFRICA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    159
TABLE 144    MIDDLE EAST & AFRICA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    160
9.6.1    SAUDI ARABIA    160
9.6.1.1    Saudi Vision 2030 to contribute to significant rise in demand    160
TABLE 145    SAUDI ARABIA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    161
TABLE 146    SAUDI ARABIA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    161
TABLE 147    SAUDI ARABIA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    162
TABLE 148    SAUDI ARABIA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    162
9.6.2    UAE    162
9.6.2.1    Expanding non-oil sectors    162
TABLE 149    UAE: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    163
TABLE 150    UAE: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    163
TABLE 151    UAE: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    164
TABLE 152    UAE: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    164
9.6.3    EGYPT    164
9.6.3.1    Increasing investments in power generation    164
TABLE 153    EGYPT: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    165
TABLE 154    EGYPT: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    165
TABLE 155    EGYPT: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    166
TABLE 156    EGYPT: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    166
9.6.4    SOUTH AFRICA    166
9.6.4.1    Developments in chemical and petrochemical sectors    166
TABLE 157    SOUTH AFRICA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    167
TABLE 158    SOUTH AFRICA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    167
TABLE 159    SOUTH AFRICA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    168
TABLE 160    SOUTH AFRICA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    168
9.6.5    REST OF MIDDLE EAST & AFRICA    168
TABLE 161    REST OF MIDDLE EAST & AFRICA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    169
TABLE 162    REST OF MIDDLE EAST & AFRICA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    169
TABLE 163    REST OF MIDDLE EAST & AFRICA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    170
TABLE 164    REST OF MIDDLE EAST & AFRICA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    170
9.7    SOUTH AMERICA    171
TABLE 165    SOUTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)    171
TABLE 166    SOUTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)    171
TABLE 167    SOUTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY FORM, 2018–2021 (USD MILLION)    172
TABLE 168    SOUTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY FORM, 2022–2027 (USD MILLION)    172
TABLE 169    SOUTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    172
TABLE 170    SOUTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    173
TABLE 171    SOUTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    173
TABLE 172    SOUTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    174
9.7.1    BRAZIL    174
9.7.1.1    Growing investments across end-use industries    174
TABLE 173    BRAZIL: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    175
TABLE 174    BRAZIL: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    175
TABLE 175    BRAZIL: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    176
TABLE 176    BRAZIL: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    176
9.7.2    ARGENTINA    176
9.7.2.1    Large shale deposits, investments in nuclear power plants, and growing chemical sector    176
TABLE 177    ARGENTINA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    177
TABLE 178    ARGENTINA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    177
TABLE 179    ARGENTINA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    178
TABLE 180    ARGENTINA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    178
9.7.3    COLOMBIA    178
9.7.3.1    Increase in demand for chemicals and polymers    178
TABLE 181    COLOMBIA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    179
TABLE 182    COLOMBIA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    179
TABLE 183    COLOMBIA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    180
TABLE 184    COLOMBIA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    180
9.7.4    REST OF SOUTH AMERICA    180
TABLE 185    REST OF SOUTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2018–2021 (USD MILLION)    181
TABLE 186    REST OF SOUTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2022–2027 (USD MILLION)    181
TABLE 187    REST OF SOUTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    182
TABLE 188    REST OF SOUTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    182
10    COMPETITIVE LANDSCAPE    183
10.1    INTRODUCTION    183
10.2    STRATEGIES ADOPTED BY KEY PLAYERS    184
FIGURE 35    COMPANIES ADOPTED INVESTMENT & EXPANSION AND NEW PRODUCT LAUNCH AS KEY GROWTH STRATEGIES BETWEEN 2019 AND 2022    184
10.3    MARKET EVALUATION MATRIX    185
TABLE 189    MARKET EVALUATION MATRIX    185
10.4    REVENUE ANALYSIS OF TOP PLAYERS    186
TABLE 190    INDUSTRIAL INSULATION MARKET: REVENUE ANALYSIS (USD)    186
10.5    MARKET RANKING    186
FIGURE 36    MARKET RANKING OF KEY PLAYERS    186
10.5.1    OWENS CORNING    187
10.5.2    SAINT-GOBAIN    187
10.5.3    KNAUF INSULATION    187
10.5.4    ROCKWOOL    187
10.5.5    ARMACELL INTERNATIONAL    187
10.6    MARKET SHARE ANALYSIS    188
FIGURE 37    INDUSTRIAL INSULATION: MARKET SHARE ANALYSIS, 2021    188
TABLE 191    INDUSTRIAL INSULATION MARKET: DEGREE OF COMPETITION    188
10.7    COMPANY EVALUATION MATRIX (TIER 1)    189
10.7.1    STARS    189
10.7.2    EMERGING LEADERS    189
10.7.3    PERVASIVE PLAYERS    189
10.7.4    PARTICIPANTS    189
FIGURE 38    INDUSTRIAL INSULATION MARKET: COMPANY EVALUATION MATRIX FOR TIER 1 COMPANIES, 2021    190
10.8    STRENGTH OF PRODUCT PORTFOLIO    191
10.9    BUSINESS STRATEGY EXCELLENCE    191
10.10    COMPETITIVE BENCHMARKING    192
TABLE 192    INDUSTRIAL INSULATION MARKET: DETAILED LIST OF KEY START-UPS/SMES    192
TABLE 193    INDUSTRIAL INSULATION MARKET: COMPETITIVE BENCHMARKING OF START-UPS/SMES (FORM & END-USE INDUSTRY)    193
TABLE 194    INDUSTRIAL INSULATION MARKET: COMPETITIVE BENCHMARKING OF START-UPS/SMES (MATERIAL & REGION)    194
10.10.1    COMPANY FORM FOOTPRINT    196
TABLE 195    OVERALL FORM FOOTPRINT    196
10.10.2    COMPANY END-USE INDUSTRY FOOTPRINT    197
TABLE 196    OVERALL END-USE INDUSTRY FOOTPRINT    197
10.10.3    COMPANY MATERIAL FOOTPRINT    198
TABLE 197    OVERALL MATERIAL FOOTPRINT    198
10.10.4    COMPANY REGION FOOTPRINT    199
TABLE 198    OVERALL REGION FOOTPRINT    199
10.10.5    COMPANY FOOTPRINT    200
TABLE 199    OVERALL COMPANY FOOTPRINT    200
10.11    START-UPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX    201
10.11.1    STARTING BLOCKS    201
10.11.2    RESPONSIVE COMPANIES    201
10.11.3    PROGRESSIVE COMPANIES    201
10.11.4    DYNAMIC COMPANIES    202
FIGURE 39    INDUSTRIAL INSULATION MARKET: COMPANY EVALUATION MATRIX FOR SMES    202
10.11.5    STRENGTH OF PRODUCT PORTFOLIO (SMES)    203
10.11.6    BUSINESS STRATEGY EXCELLENCE (SMES)    204
10.12    COMPETITIVE SITUATION & TRENDS    205
10.12.1    PRODUCT LAUNCHES    205
TABLE 200    INDUSTRIAL INSULATION MARKET: PRODUCT LAUNCHES, 2019–2022    205
10.12.2    DEALS    206
TABLE 201    INDUSTRIAL INSULATION MARKET: DEALS, 2019–2022    206
10.12.3    OTHERS    208
TABLE 202    INDUSTRIAL INSULATION MARKET: OTHERS, 2019–2022    208"
"11    COMPANY PROFILES    210
(Business overview, Products/Solutions offered, Recent developments & MnM View)*
11.1    KEY PLAYERS    210
11.1.1    OWENS CORNING    210
TABLE 203    OWENS CORNING: COMPANY OVERVIEW    210
FIGURE 40    OWENS CORNING: COMPANY SNAPSHOT    211
TABLE 204    OWENS CORNING: PRODUCT OFFERINGS    211
TABLE 205    OWENS CORNING: PRODUCT LAUNCHES    212
TABLE 206    OWENS CORNING: DEALS    212
11.1.2    SAINT-GOBAIN (ISOVER)    214
TABLE 207    SAINT-GOBAIN (ISOVER): COMPANY OVERVIEW    214
FIGURE 41    SAINT-GOBAIN (ISOVER): COMPANY SNAPSHOT    215
TABLE 208    SAINT-GOBAIN (ISOVER): PRODUCT OFFERINGS    215
TABLE 209    SAINT-GOBAIN: DEALS    217
TABLE 210    SAINT-GOBAIN: OTHER DEVELOPMENTS    217
11.1.3    ROCKWOOL    219
TABLE 211    ROCKWOOL: COMPANY OVERVIEW    219
FIGURE 42    ROCKWOOL: COMPANY SNAPSHOT    219
TABLE 212    ROCKWOOL: PRODUCT OFFERINGS    220
TABLE 213    ROCKWOOL: OTHER DEVELOPMENTS    220
11.1.4    KNAUF INSULATION    222
TABLE 214    KNAUF INSULATION: COMPANY OVERVIEW    222
TABLE 215    KNAUF INSULATION: PRODUCT OFFERINGS    222
TABLE 216    KNAUF INSULATION: PRODUCT LAUNCHES    222
TABLE 217    KNAUF INSULATION: OTHER DEVELOPMENTS    223
11.1.5    ARMACELL INTERNATIONAL SA    224
TABLE 218    ARMACELL: COMPANY OVERVIEW    224
FIGURE 43    ARMACELL: COMPANY SNAPSHOT    224
TABLE 219    ARMACELL: PRODUCT OFFERINGS    225
TABLE 220    ARMACELL: PRODUCT LAUNCHES    225
TABLE 221    ARMACELL: DEALS    226
TABLE 222    ARMACELL: OTHER DEVELOPMENTS    226
11.1.6    INSULCON BV    228
TABLE 223    INSULCON BV: COMPANY OVERVIEW    228
TABLE 224    INSULCON BV: PRODUCT OFFERINGS    228
11.1.7    KINGSPAN GROUP PLC    230
TABLE 225    KINGSPAN GROUP PLC: COMPANY OVERVIEW    230
FIGURE 44    KINGSPAN GROUP PLC: COMPANY SNAPSHOT    230
TABLE 226    KINGSPAN GROUP PLC: PRODUCT OFFERINGS    231
TABLE 227    KINGSPAN GROUP PLC: DEALS    231
TABLE 228    KINGSPAN GROUP PLC: OTHER DEVELOPMENTS    231
11.1.8    JOHNS MANVILLE    232
TABLE 229    JOHNS MANVILLE: COMPANY OVERVIEW    232
TABLE 230    JOHNS MANVILLE: PRODUCT OFFERINGS    232
TABLE 231    JOHNS MANVILLE: PRODUCT LAUNCHES    233
TABLE 232    JOHNS MANVILLE: DEALS    234
TABLE 233    JOHNS MANVILLE: OTHER DEVELOPMENTS    234
11.1.9    NICHIAS CORPORATION    235
TABLE 234    NICHIAS CORPORATION: COMPANY OVERVIEW    235
FIGURE 45    NICHIAS CORPORATION: COMPANY SNAPSHOT    236
TABLE 235    NICHIAS CORPORATION: PRODUCT OFFERINGS    237
11.1.10    PROMAT (ETEX)    238
TABLE 236    PROMAT (ETEX): COMPANY OVERVIEW    238
FIGURE 46    PROMAT (ETEX): COMPANY SNAPSHOT    238
TABLE 237    PROMAT (ETEX): PRODUCT OFFERINGS    239
*Details on Business overview, Products/Solutions offered, Recent developments & MnM View might not be captured in case of unlisted companies.
11.2    OTHER COMPANIES    241
11.2.1    AEROFOAM USA LLC    241
TABLE 238    AEROFOAM USA LLC: COMPANY OVERVIEW    241
11.2.2    BEIJING HOCREBOARD BUILDING MATERIAL LTD.    242
TABLE 239    BEIJING HOCREBOARD BUILDING MATERIAL LTD.: COMPANY OVERVIEW    242
11.2.3    BEIJING NEW BUILDING MATERIAL CO., LTD.    243
TABLE 240    BEIJING NEW BUILDING MATERIAL CO., LTD.: COMPANY OVERVIEW    243
11.2.4    CABOT CORPORATION    244
TABLE 241    CABOT CORPORATION: COMPANY OVERVIEW    244
11.2.5    GLASSROCK INSULATION COMPANY SAE    244
TABLE 242    GLASSROCK INSULATION COMPANY SAE: COMPANY OVERVIEW    244
11.2.6    L’ISOLANTE K-FLEX SPA    245
TABLE 243    L’ISOLANTE K-FLEX SPA: COMPANY OVERVIEW    245
11.2.7    NMC INTERNATIONAL SA    246
TABLE 244    NMC INTERNATIONAL SA: COMPANY OVERVIEW    246
11.2.8    PGF INSULATION    247
TABLE 245    PGF INSULATION: COMPANY OVERVIEW    247
11.2.9    TECRESA PROTECTION PASIVA S.L    247
TABLE 246    TECRESA PROTECTION PASIVA S.L: COMPANY OVERVIEW    247
11.2.10    TEMATI    248
TABLE 247    TEMATI: COMPANY OVERVIEW    248
11.2.11    UNIFRAX    249
TABLE 248    UNIFRAX: COMPANY OVERVIEW    249
11.2.12    UNION FOAM SPA    249
TABLE 249    UNION FOAM SPA: COMPANY OVERVIEW    249
11.2.13    VISIONARY INDUSTRIAL INSULATION    250
TABLE 250    VISIONARY INDUSTRIAL INSULATION: COMPANY OVERVIEW    250
11.2.14    ARABIAN FIBERGLASS INSULATION COMPANY LTD    251
TABLE 251    ARABIAN FIBERGLASS INSULATION COMPANY LTD: COMPANY OVERVIEW    251
11.2.15    ASPEN AEROGELS, INC.    252
TABLE 252    ASPEN AEROGELS: COMPANY OVERVIEW    252
12    APPENDIX    253
12.1    DISCUSSION GUIDE    253
12.2    KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL    257
12.3    AVAILABLE CUSTOMIZATIONS    259
12.4    RELATED REPORTS    259
12.5    AUTHOR DETAILS    260"

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