Global Technical Insulation Market Overview And Prospects – Including Technical Insulation Market Size
Learn about the global technical insulation market through The Business Research Company, which provides information on technical insulation market size, technical insulation market drivers and restraints, technical insulation market players, the COVID-19 impact on the technical insulation market, and more.
The global technical insulation market size is expected to grow from $6.36 billion in 2021 to $6.58 billion in 2022 at a compound annual growth rate (CAGR) of 3.44%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global technical insulation market is expected to reach $8.74 billion in 2026 at a CAGR of 7.35%.
Rapid industrialization is significantly contributing to the growth of the technical insulation market. Growth in these end-user industries is driving the technical insulation market.
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The technical insulation market consists of sales of technical insulation equipment and their maintenance services by entities (organizations, sole traders, and partnerships) that refer to a set of activities conducted to protect buildings, structures, and systems. Technical insulation includes products that are specially used for various industrial purposes such as to inhibit heat, fire, and electricity, as well as sound transmission in or out of the materials. Technical insulation provides cost-effective ways to protect industrial equipment and systems.
Global Technical Insulation Market Segments Include:
By Product: Flexible Foam, Rigid Foam, Man-Made Mineral Fiber
By Application: Heating and Plumbing, HVAC, Refrigeration, Industrial Processes
By End-User: Industrial and OEM, Energy, Transportation, Commercial Buildings
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the technical insulation market in 2021.
New product launches by companies is a key trend gaining popularity in the technical insulation market. Companies are launching new, innovative technical insulation products to improve their product portfolio and cater to fast-growing markets.
Major Market Players: Zotefoams Plc, Unifrax I LLC, Saint-Gobain, Rockwool International A/S, Recticel NV, Palziv Inc., Owens Corning, NMC SA, Morgan Advanced Materials PLC, L’isolante K – Flex S.P.A., Knauf Insulation, Kingspan Group Plc, Johns Manville, Aspen Aerogels Inc., and Armacell International S.A.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Technical Insulation Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides technical insulation market overviews, analyzes and forecasts market size, share, technical insulation market players, technical insulation market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s technical insulation market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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