Global Industrial Insulation Market Size & Outlook
The global industrial insulation market size was estimated at USD 8,615.5 million in 2023 and is projected to reach USD 12,103.5 million by 2030, growing at a CAGR of 5% from 2024 to 2030.
Revenue, 2023 (US$M)
$8,615.5
Forecast, 2030 (US$M)
$12,103.5
CAGR, 2024 - 2030
5%
Report Coverage
Worldwide
Global industrial insulation market, 2018-2030 (US$M)
Related Markets
Global industrial insulation market highlights
- The global industrial insulation market generated a revenue of USD 8,615.5 million in 2023 and is expected to reach USD 12,103.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5% by 2030.
- In terms of segment, stone wool accounted for a revenue of USD 2,054.8 million in 2023.
- Stone wool is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 8,615.5 million |
| Market revenue in 2030 | USD 12,103.5 million |
| Growth rate | 5% (CAGR from 2023 to 2030) |
| Largest segment | Stone wool |
| Fastest growing segment | Stone wool |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Stone wool, Glass wool, CMS Fibers, Calcium silicate, Cellular Glass, Foamed Plastic, Elastomeric Foam, Perlite, Aerogel, Cellulose, Micro Silica |
Other key industry trends
- In terms of revenue, the North America accounted for 25.9% of the global industrial insulation market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, UK is the fastest growing regional market and is projected to reach USD 490.9 million by 2030.
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Industrial Insulation Market Scope
Industrial insulation market segmentation & scope
Others
Others
Others
Others
Others
Others
Others
Power Generation
Others
Petrochemical & Refineries
Petrochemical & Refineries
Power Generation
LNG/LPG
Others
LNG/LPG
Others
Others
Others
Industrial Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Unifrax | View profile | 1001-5000 | Tonawanda, New York, United States, North America | http://www.unifrax.com/ |
| Armacell | View profile | 1001-5000 | Luxembourg, Luxembourg, Luxembourg, Europe | http://www.armacell.com |
| Northern Venture Capital Trust | View profile | - | Henley In Arden, Warwickshire, United Kingdom, Europe | - |
| Ibiden Co Ltd | View profile | 15212 | 2-1 Kanda-cho, Ogaki, Gifu, Japan, 503-8604 | https://www.ibiden.com |
| Morgan Advanced Materials PLC | View profile | 8783 | Sheet Street, York House, Windsor, United Kingdom, SL4 1DD | https://www.morganadvancedmaterials.com |
| Knauf | View profile | 51-100 | Utrecht, Utrecht, The Netherlands, Europe | https://knauf.be/nl |
| Aspen Aerogels Inc | View profile | 548 | 30 Forbes Road, Building B, Northborough, MA, United States, 01532 | https://www.aerogel.com |
| Rockwool AS Class B | View profile | 12017 | Hovedgaden 584, Hedehusene, Denmark, 2640 | https://www.rockwool.com |
| Owens-Corning Inc | View profile | 18000 | One Owens Corning Parkway, Toledo, OH, United States, 43659 | https://www.owenscorning.com |
| Cabot Corp | View profile | 4300 | Two Seaport Lane, Suite 1400, Boston, MA, United States, 02210 | https://www.cabotcorp.com |
| APi Group Corp | View profile | 29000 | c/o APi Group, Inc, 1100 Old Highway 8 NW, New Brighton, MN, United States, 55112 | https://www.apigroupinc.com |
Global industrial insulation market size, by regions, 2018-2030 (US$M)
Top 10 countries: Industrial insulation market size, 2023 (US$M)
Global industrial insulation market share, by product, 2023 & 2030 (%, US$M)
Industrial insulation market: Opportunity assessment by country
Global industrial insulation market, by region, 2023 (US$M)
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