Technical Insulation Market Demand, Challenges, Innovation By Experts And Ongoing Research In Industrial Applications 2020-2027 | Grand View Research, Inc.

June 19 10:30 2020
Technical Insulation Market Demand, Challenges, Innovation By Experts And Ongoing Research In Industrial Applications 2020-2027 | Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
Technical Insulation Market Size, Share & Trends Analysis Report By Type, By Application (Heating & Plumbing, Acoustic), By End Use (Industrial & OEM, Energy), By Region, And Segment Forecasts, 2020 – 2027

The global technical insulation market size is expected to reach USD 8.8 billion by 2027, expanding at a CAGR of 2.5%, according to a new report by Grand View Research, Inc. Increasing acceptance of technical insulation across a wide range of applications such as commercial, energy, industrial and OEM is projected to benefit industry growth.

Rapid industrialization across the globe on account of the rising population is anticipated to promote the market. In addition, rising awareness related to the benefits of technical protection of the equipment, personnel, and system is anticipated to drive the market over the forecast period.

Rapid expansion of the commercial sector across the developing economies including China, India, Indonesia, and South Korea is projected to stimulate the demand for HVAC systems, acoustic protection, refrigeration, heating and plumbing protection facilities, thereby driving the industry.

Low awareness related to technical protection coupled with the high capital investment at the initial state is estimated to restrict the expansion of the market. In addition, lack of skilled labors and high cost of raw materials are factors likely to pose a threat to the market over the forecast period.

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U.S. technical insulation market size, by type, 2016 - 2027 (USD Million)


Technical Insulation Market Report Highlights

  • The hot insulation segment accounted for USD 2.9 billion in 2019 and is projected to witness a CAGR of 2.9% from 2020 to 2027. Rising demand for hot insulation in industries, OEM, and other applications is projected to benefit segment growth
  • The heating and plumbing application segment accounted for 35.4% of market share in 2019 and is projected to witness a CAGR of 2.9% from 2020 to 2027 owing to the rising demand from the industrial and commercial sector
  • The industrial and OEM end-use segment is anticipated to grow at a faster rate over the forecast period and reach USD 3.4 billion in 2027 on account of the rising demand for the insulating materials due to its benefits such as protection of pipes and equipment
  • In Asia Pacific, the market is projected to witness a CAGR of 3.0% from 2020 to 2027 owing to the rapid expansion of industrial and commercial sector in the economies including India, China, Indonesia, and South Korea
  • China accounted for the highest market share in Asia Pacific on account of the growing number of manufacturing industries in the country.

Global technical insulation market share, by end use, 2019 (%)

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Technical Insulation Market Segmentation

Grand View Research has segmented the global technical insulation market on the basis of type, application, end use, and region:

Technical Insulation Type Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)

  • Hot
  • Cold-Flexible
  • Cold-Rigid

Key Topic Covered

Table of Contents

Chapter 1. Methodology and Scope
                 1.1. Market Segmentation & Scope
                 1.2. Market Definition
                 1.3. Information Procurement
                     1.3.1. Purchased Database
                     1.3.2. GVR’s Internal Database
                     1.3.3. Secondary Sources & Third – Party Perspectives
                     1.3.4. Primary Research
                 1.4. Information Analysis
                     1.4.1. Data Analysis Models
                 1.5. Market Formulation & Data Visualization
                 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
                 2.1. Market Outlook
                 2.2. Segmental Outlook
                 2.3. Competitive Insights
Chapter 3. Technical Insulation Market Variables, Trends, & Scope
                 3.1. Market Lineage Outlook
                 3.2. Penetration & Growth Prospect Mapping
                 3.3. Industry Value Chain Analysis
                 3.4. Raw material Trends
                 3.5. Regulatory Framework
                 3.6. Market Dynamics
                     3.6.1. Market Driver Analysis
                         3.6.1.1. Increasing power and energy requirements across the emerging economies
                         3.6.1.2. Stringent government regulations related to insulation across the industrial and commercial sector
                     3.6.2. Restraint Analysis
                         3.6.2.1. Fluctuation in availability and prices of raw material
                 3.7. Business Environment Analysis: Technical Insulation Market
                     3.7.1. Industry Analysis – Porter’s
                         3.7.1.1. Supplier Power
                         3.7.1.2. Buyer Power
                         3.7.1.3. Substitution Threat
                         3.7.1.4. Threat from New Entrant
                         3.7.1.5. Competitive Rivalry

Continue…

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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