Technical Insulation Market Size by 2027 | Industry Segmentation by Type, Application, Regions, Key News and Top Compani

The global technical insulation market size is expected to reach USD 10.87 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to increasing usage of technical insulation across industrial, offshore, and marine sectors as it provides a very cost-effective option to protect buildings, systems, and structures. Increasing awareness across various industries regarding the need for optimized insulation of process equipment and higher insulation standards for building service equipment in order to achieve higher energy efficiency is expected to drive growth of the technical insulation market during the forecast period. Better temperature regulation enables better ability to reduce costs and minimize CO₂ emissions generated by industries each year. Rising need to reduce energy consumption for heating and cooling of commercial buildings and minimize the usage of fossil fuels has resulted in increasing utilization of technical insulation.

Rising demand for acoustic insulation in the industrial and commercial sector is also expected to drive growth of the technical insulation market during the forecast period. The right acoustic insulation helps in enhancing the working environment of industrial settings for employees and visitors and also improves the privacy and security in a commercial building.

The current COVID-19 pandemic is expected to have an effect on the growth of the Technical Insulation industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns. The COVID-19 pandemic has affected several sectors of the global market, and the Technical Insulation sector is expected to feel the impact of the pandemic. The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Technical Insulation industry.

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The Global Technical Insulation Market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. The report also studies business strategies and strategic alliances undertaken by companies to gain a robust footing in the market. The report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.

Market Dynamics:

The report offers insightful information about the market dynamics of the Technical Insulation market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Technical Insulation market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Technical Insulation market.

Competitive Landscape:

Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.

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Some Key Highlights From the Report

In January 2020, Owens Corning, which is a leading global producer of fiberglass insulation launched next-generation insulation product made by PureFiber Technology. The next-generation insulation product is non-combustible, soft to the touch, easy to use, cut and spilt, has high strength, low permeability, and eliminates the use of weld mesh for support.
Hot insulation segment accounted for largest revenue share in 2020. Rising need to prevent pipes from overheating while keeping the warmth inside the pipe is driving demand for hot insulation materials across industrial, marine, and offshore sectors.
Heating plumbing segment revenue is expected to expand at a rapid CAGR during the forecast period. Increasing demand for cost-effective insulated pipes with outstanding technical properties is boosting utilization of technical insulation.

Key players in the market include Rockwool International A/S, Saint-Gobain Isover, Owens Corning, Knauf Insulation, Kingspan Group plc, Armacell International S.A., L'Isolante K-Flex S.p.A., Morgan Advanced Materials, Etex Group, and Aspen Aerogels, Inc.

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Emergen Research has segmented the global technical insulation market on the basis of product type, application, end-use, and region: