Global Technical Insulation Market: Worldwide Industry to Boost in the Period of 2020-2028

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Global Technical Insulation Market: Worldwide Industry to Boost in the Period of 2020-2028

August 12
22:40 2021
Global Technical Insulation Market: Worldwide Industry to Boost in the Period of 2020-2028
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Rising need to achieve higher energy efficiency and reduce energy bills are some key factors driving global technical insulation market revenue growth

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.

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.           

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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 Key players in the market include, Etex Group, and Aspen Aerogels, Inc. Technical Insulation Market Region:

The report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.

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The Global Technical Insulation Market report is furnished with key market statistics organized in the form of charts, graphs, tables, diagrams, figures, and other pictorial representations. The report offers an exhaustive analysis of the key market aspects like market size, volume, share, current and emerging trends, production and consumption rate, and other key elements that offer an idea about the prospective expansion of the Technical Insulation industry.

  • Product type Outlook (Revenue, USD Billion; 2018–2028)
    • Cold-Rigid Insulation
    • Cold-Flexible Insulation
    • Hot Insulation
  • Application Outlook (Revenue, USD Billion; 2018–2028)
    • HVAC
    • Heating & Plumbing
    • Acoustic
    • Industrial Processes
    • Refrigeration
  • End-use Outlook (Revenue, USD Billion; 2018–2028)
    • Energy
    • Industrial & OEM
    • Transportation
    • Commercial Buildings 

The report considers the following timeline for market estimation:

Historical Years: 2017-2018

Base Year: 2019

Estimated Year: 2027

Forecast Years: 2020-2027

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Significant Features of the Technical Insulation Market Report:

  • Extensive competitive landscape analysis to offer the readers key insights into driving and restraining factors along with strategies adopted by the key players
  • Assessment of the existing and emerging trends of the business sphere
  • Detailed analysis of the emerging growth opportunities and threats and limitations the players might face in the coming years
  • Significant breakdown of the market to assess the factors that might influence the global market growth
  • An 8-year forecast for better understanding of the workings and growth opportunities of the market

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