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Technical Insulation Market Size to Hit US$ 8.84 billion by 2027

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[150+ Pages Report] The technical insulation market is expected to grow at a CAGR of 2.40% during forecast period 2021 to 2027 and is projected to reach around US$ 8.84 billion by 2027.

The technical insulation market report covers a detailed analysis for the historic period 2017-2020, considering 2021 as the base year and forecast (growth) for 2021-2027.

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This research report evaluates the technical insulation market on a global and regional level. It offers a thorough analysis of the market revenue status, growth, future trends, and forecast of the global technical insulation market for the period from 2017 to 2027.

Growth Factors

Increased spending on infrastructure development particularly in the developing economies that include India, China, South Korea, and Indonesia estimated to be the prime factor that propels the growth of the market. In addition, rapid urbanization and industrialization in different parts of the world expected to flourish the industry growth over the upcoming years. Heat insulation is a vital component in any industry to minimize the heat loss, boost the machine efficiency, and reduce the overall operating cost in an industry. Thus, technical insulation demand expected to flourish with the increase in industrialization in the coming years.

Other than industrial application, technical insulation is prominently used in the commercial buildings. Office spaces, malls, shopping centers, schools, and many other places require proper insulation to protect them from damage. Presently, government as well as organizations is working tremendously towards decreasing the rate of pollution along with enhancing the efficiency of the components used in the commercial buildings. In addition, significant rise in the construction of residential and commercial buildings on the account of rising population across the globe spur the growth of the technical insulation.

Market Report Scope

Report Highlights Details
Market Size USD 8.84 Billion by 2027
Growth Rate CAGR of 2.40% from 2021 to 2027
Largest Market Asia Pacific
Fastest Growing Market Europe
Base Year 2021
Forecast Period 2021 to 2027

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This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global technical insulation market for the forecast period of 2021–2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.

The report analyzes the historical and present-day scenario of the global technical insulation market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.

Key Highlights

  • The Asia Pacific emerged as the global leader accounting for a value share of nearly 35% in 2019 and expected to grow at a prominent rate of 3% between the years 2020 and 2027
  • Europe is the other key revenue contributor for the market growth due to rising OEM facilities and industrialization that boosts the need for various applications of insulation
  • The hot insulation segment emerged as the leading type accounting for a share of nearly 41% in 2019 and projected to grow prominently with a rate of 3% during the foreseen period
  • The cold-flexible insulation segment follows the hot insulation in terms of growth rate and estimated to witness a CAGR of nearly 2.2% due to its superior properties
  • By application, the heating & plumbing segment held significant market share of approx. 35% in 2019 attributed to the rising use of insulated pipes & equipment for industrial applications
  • Rising implementation of HVAC systems in the commercial sector because of rising emphasis on the energy efficient system predicted to prosper the growth of the segment
  • The Asia Pacific led the global technical insulation market in terms of revenue and expected to register the fastest growth over the forthcoming years owing to presence of several developing countries across the region.
  • China has emerged as a global manufacturing hub that has resulted in an increase in the demand for technical insulation in the commercial spaces along with industrial & OEM segments.
  • Europe is the key contributor of revenue for the overall market growth. This is attributed to the significant growth of construction sector in the region.

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Competition Landscape

In the final section of the research report, Precedence Research provided the global technical insulation market structure and a detailed competition landscape to provide a dashboard view of key players operating in the global market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.

Some of the major players in the technical insulation market include:

  • Zotefoams Plc
  • L’isolante K – Flex S.P.A.
  • Owens Corning
  • Etex Group SA
  • Kingspan Group Plc
  • Johns Manville
  • Rockwool International A/S
  • NMC SA
  • Recticel NV/SA
  • Morgan Advanced Materials plc
  • Unifrax I LLC
  • Armacell International S.A.
  • Aspen Aerogels, Inc.
  • Knauf Insulation
  • Saint-Gobain
  • Palziv Inc.

Market Segmentation

By Type

  • Cold-Flexible Insulation
  • Hot Insulation
  • Cold-Rigid Insulation

By Application

  • HVAC
  • Heating & Plumbing
  • Refrigeration
  • Acoustic

By End-Use

  • Energy
  • Industrial & OEM
  • Commercial Buildings

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Most Asked Questions –

What was the market size value of the technical insulation in 2020?

What is the expected market size by 2027?

What is the technical insulation market growth?

What are the key factors that positively influence market growth?

Who are the prominent players in the technical insulation market?

Why Buy this Report?

The purpose of Precedence Research’s technical insulation market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Technical Insulation Market, By Type

7.1. Technical Insulation Market, by Type 2020-2027
7.1.1. Cold-Flexible Insulation
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Hot Insulation
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Cold-Rigid Insulation
7.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Technical Insulation Market, By Application

8.1. Technical Insulation Market, by Application, 2020-2027
8.1.1. HVAC
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Heating & Plumbing
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Refrigeration
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Acoustic
8.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Technical Insulation Market, By End-Use

9.1. Technical Insulation Market, by End-Use, 2020-2027
9.1.1. Energy
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Industrial & OEM
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Commercial Buildings
9.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Technical Insulation Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue and Forecast, by Type (2016-2027)
10.1.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.1.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.4.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.1.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.5.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Type (2016-2027)
10.2.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.2.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.4.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.2.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.5.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Type (2016-2027)
10.2.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.6.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Type (2016-2027)
10.2.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.7.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Type (2016-2027)
10.3.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.3.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.4.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.3.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.5.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Type (2016-2027)
10.3.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.6.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Type (2016-2027)
10.3.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.7.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.4.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.4.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.4.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.5.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Type (2016-2027)
10.4.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.6.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Type (2016-2027)
10.4.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.7.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.5.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.4.3. Market Revenue and Forecast, by End-Use (2016-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.5.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.5.3. Market Revenue and Forecast, by End-Use (2016-2027)

Chapter 11. Company Profiles

11.1. Zotefoams Plc
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. L’isolante K – Flex S.P.A.
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Owens Corning
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Etex Group SA
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Kingspan Group Plc
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Johns Manville
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Rockwool International A/S
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. NMC SA
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Recticel NV/SA
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Morgan Advanced Materials plc
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
11.11. Unifrax I LLC
11.11.1. Company Overview
11.11.2. Product Offerings
11.11.3. Financial Performance
11.11.4. Recent Initiatives
11.12. Armacell International S.A.
11.12.1. Company Overview
11.12.2. Product Offerings
11.12.3. Financial Performance
11.12.4. Recent Initiatives
11.13. Aspen Aerogels, Inc.
11.13.1. Company Overview
11.13.2. Product Offerings
11.13.3. Financial Performance
11.13.4. Recent Initiatives
11.14. Knauf Insulation
11.14.1. Company Overview
11.14.2. Product Offerings
11.14.3. Financial Performance
11.14.4. Recent Initiatives
11.15. Saint-Gobain
11.15.1. Company Overview
11.15.2. Product Offerings
11.15.3. Financial Performance
11.15.4. Recent Initiatives
11.16. Palziv Inc.
11.16.1. Company Overview
11.16.2. Product Offerings
11.16.3. Financial Performance
11.16.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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