Industrial Insulation Market Segmented On The Basis Of Raw Material, Product, Application, Region And Forecast To 2027

23/giu/2020 12:46:25 Grand View Research Contatta l'autore

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Industrial Insulation Market

San Francisco, 23 June 2020: The Report Industrial Insulation Market Size, Share & Trends Analysis Report By Raw Material (Stone Wool, Glass Wool) Product (Pipe, Board, Blanket), By Application, By Region, And Segment Forecasts, 2020 - 2027

The global industrial insulation market size is expected to reach USD 10.79 billion by 2027, expanding at a CAGR of 5.1% over the forecast period, according to a new report published by Grand View Research, Inc. Benefits of insulation systems, such as equipment protection and increased system efficiency are anticipated to drive the demand.

The pandemic of COVID19 has put the economical activities in major countries on hold, leading to expected shrinkage in growth rate of world, according to UN. This is going to affect the demand in Industrial Insulation market adversely.

 Although due to pandemic, industrial insulation market has been affected, but before the pandemic and most likely afterwards, the market was and will be boosted due to the efficiency jump it affected in the industrial machineries. It eliminated the heat transfer out of the equipment system, improved the machine performance and offered frost protection to pipelines at low temperatures. This caused demand in the  market to be increased.

Access Research Report of Industrial Insulation Market

Some Recent Developments in Industrial Insulation Market

  • In September 2019, Knauf completes acquisition of USG Corporation

This acquisition creates a global building materials industry leader that will be even better positioned to meet customers’ needs by leveraging two highly complementary businesses, product portfolios and global footprints.

  • In December 2019, Knauf Group acquires Armstrong Ceiling Solutions

Knauf Gips KG (with its brand Knauf AMF) and Armstrong Ceiling Solutions joined forces establishing the new formed Knauf Ceiling Solutions division, providing the business with an opportunity to strengthen its presence even further in the Middle East and expand its ceiling solution portfolio for EMEA customers. Also, this will provide a boost to Knauf Gips KG in insulation market.

  • In 2018, Owens Corning has completed the acquisition of Guangde SKD Rock Wool Manufacture. SKD produces mineral wool insulation for the building and technical insulation market. This acquisitions furthers the expansion idea of Owens Corning to establish themselves in China.
  • In October 2018, ROCKWOOL launches pioneering wall system

Made from recycled and natural materials, Rockzero is strong and flexible, both in the design and construction phases, and achieves the highest levels of energy efficiency while still providing comfort to the people inside. 

  • In December 2017, Paroc Group invests in capacity expansion in its Trzemeszno plant, Poland.

Paroc Group launches a capacity expansion programme in its Trzemeszno plant in Poland as a part of its growth strategy. In addition to the positive future construction outlook, two key macro drivers ‒ energy efficiency and fire safety – are expected to increase the demand for insulation materials.

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