Benelux Industrial Insulation Market Size & Outlook
Benelux Industrial Insulation Market, 2018-2030 (US$M)
Global Market
Related Markets
Benelux industrial insulation market highlights
- The Benelux industrial insulation market generated a revenue of USD 234.9 million in 2023 and is expected to reach USD 350.9 million by 2030.
- The Benelux market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- In terms of segment, stone wool was the largest revenue generating product in 2023.
- Stone wool is the most lucrative product segment registering the fastest growth during the forecast period.
Industrial insulation market data book summary
| Market revenue in 2023 | USD 234.9 million |
| Market revenue in 2030 | USD 350.9 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Stone wool |
| Fastest growing segment | Stone wool |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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 |
| Key market players worldwide | Rockwool AS Class B, Owens-Corning Inc, Knauf, Northern Venture Capital Trust, APi Group Corp, Aspen Aerogels Inc, Cabot Corp, Morgan Advanced Materials PLC, Unifrax, Ibiden Co Ltd, Armacell |
Other key industry trends
- In terms of revenue, Benelux accounted for 2.7% of the global industrial insulation market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany industrial insulation market is projected to lead the regional market in terms of revenue in 2030.
- Poland is the fastest growing regional market in Europe and is projected to reach USD 263.5 million by 2030.
Oil & gas industry in Belgium and Netherlands is expected to improve on account of increase in oil exploration and transportation activities. The Dutch Continental Shelf holds an extensive growth potential which can emerge as a potential target market for industry growth in the region.
Furthermore, the Northern Offshore is expected to be fully tapped in the coming years, which is expected to generate new opportunities for the growth of industrial insulation in the economy. However, the decrease in oil prices is expected to stem the production, which is further expected to limit the consumption of insulation materials in the maintenance and operation of existing infrastructure.
Glass wool is anticipated to emerge as one of the major product segments. The use of glass wool is expected to rise in the wake of superior features such as insulation of flat surfaces, reduced energy consumption, protection of personnel vulnerable to heat and fire threats, easy installation, low moisture absorption, and others.
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Publish Date: Sep 11, 2024
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Industrial Insulation Market Scope
Industrial Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| APi Group Corp | View profile | 29,000 | c/o APi Group, Inc, 1100 Old Highway 8 NW, New Brighton, MN, United States, 55112 | www.apigroupinc.com |
| Cabot Corp | View profile | 4,300 | Two Seaport Lane, Suite 1400, Boston, MA, United States, 02210 | www.cabotcorp.com |
| Owens-Corning Inc | View profile | 18,000 | One Owens Corning Parkway, Toledo, OH, United States, 43659 | www.owenscorning.com |
| Rockwool AS Class B | View profile | 12,017 | Hovedgaden 584, Hedehusene, Denmark, 2640 | www.rockwool.com |
| Aspen Aerogels Inc | View profile | 548 | 30 Forbes Road, Building B, Northborough, MA, United States, 01532 | www.aerogel.com |
| Knauf | View profile | 51-100 | Utrecht, Utrecht, The Netherlands, Europe | knauf.be/nl |
| Morgan Advanced Materials PLC | View profile | 8,783 | Sheet Street, York House, Windsor, United Kingdom, SL4 1DD | www.morganadvancedmaterials.com |
| Ibiden Co Ltd | View profile | 15,212 | 2-1 Kanda-cho, Ogaki, Gifu, Japan, 503-8604 | www.ibiden.com |
| Northern Venture Capital Trust | View profile | - | Henley In Arden, Warwickshire, United Kingdom, Europe | - |
| Armacell | View profile | 1001-5000 | Luxembourg, Luxembourg, Luxembourg, Europe | www.armacell.com |
Benelux Industrial Insulation Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Industrial Insulation Market Outlook will help companies and investors design strategic landscapes.
Stone Wool was the largest segment with a revenue share of 25.46% in 2023.
Horizon Databook has segmented the Benelux industrial insulation market based on stone wool, glass wool, cms fibers, calcium silicate, cellular glass, foamed plastic, elastomeric foam, perlite, aerogel, cellulose, micro silica covering the revenue growth of each sub-segment from 2018 to 2030.
Oil & gas industry in Belgium and Netherlands is expected to improve on account of increase in oil exploration and transportation activities. The Dutch Continental Shelf holds an extensive growth potential which can emerge as a potential target market for industry growth in the region.
Furthermore, the Northern Offshore is expected to be fully tapped in the coming years, which is expected to generate new opportunities for the growth of industrial insulation in the economy. However, the decrease in oil prices is expected to stem the production, which is further expected to limit the consumption of insulation materials in the maintenance and operation of existing infrastructure.
Glass wool is anticipated to emerge as one of the major product segments. The use of glass wool is expected to rise in the wake of superior features such as insulation of flat surfaces, reduced energy consumption, protection of personnel vulnerable to heat and fire threats, easy installation, low moisture absorption, and others.
- Benelux Industrial Insulation Market Product Outlook (Revenue, USD Million , 2018-2030)
- Stone wool
- Glass wool
- CMS Fibers
- Calcium silicate
- Cellular Glass
- Foamed Plastic
- Elastomeric Foam
- Perlite
- Aerogel
- Cellulose
- Micro Silica
- Others
- Benelux Industrial Insulation Market Application Outlook (Revenue, USD Million , 2018-2030)
- Pipe
- Board
- Blanket
- Others
- Benelux Industrial Insulation Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Power Generation
- Petrochemical & Refineries
- EIP Industries
- LNG/LPG
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Benelux Industrial Insulation Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Benelux Industrial Insulation Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Benelux Industrial Insulation Market, 2018-2030 (US$M)
Benelux industrial insulation market statistics, by product, 2018-2030 (US$M)
