Europe Industrial Insulation Market Size & Outlook
Europe Industrial Insulation Market, 2018-2030 (US$M)
Global Market
Related Markets
Europe industrial insulation market highlights
- The Europe industrial insulation market generated a revenue of USD 2,934.1 million in 2023.
- The market is expected to grow at a CAGR of 4.8% 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.
- Country-wise, Poland is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,934.1 million |
| Market revenue in 2030 | USD 4,084.0 million |
| Growth rate | 4.8% (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 |
| 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, Europe region accounted for 34.1% of the global industrial insulation market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,353.4 million by 2030.
Industrial insulation market in Europe is focused on achieving significant energy saving and emissions mitigation potential related to improved thermal insulation in EU27 industry. This potential is currently being tapped and expected to play a key role in wider application of industrial insulation products in various end-use industries.
Increased stringency of the regulatory norms pertaining to the use of industrial insulation materials is expected to drive the market over the forecast period. In addition, the introduction and mandating of regulatory measures, primarily across oil & gas and power generation sectors, are expected to propel the market growth over the next seven years.
Rising awareness regarding the benefits of industrial insulation in achieving energy-efficient operations coupled with rising energy expenses is expected to drive the market. Moreover, stringent regulations pertaining to energy consumption are anticipated to bolster the product demand over the forecast period.
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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 |
Europe 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 25.84% in 2023.
Horizon Databook has segmented the Europe 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.
Industrial insulation market in Europe is focused on achieving significant energy saving and emissions mitigation potential related to improved thermal insulation in EU27 industry. This potential is currently being tapped and expected to play a key role in wider application of industrial insulation products in various end-use industries.
Increased stringency of the regulatory norms pertaining to the use of industrial insulation materials is expected to drive the market over the forecast period. In addition, the introduction and mandating of regulatory measures, primarily across oil & gas and power generation sectors, are expected to propel the market growth over the next seven years.
Rising awareness regarding the benefits of industrial insulation in achieving energy-efficient operations coupled with rising energy expenses is expected to drive the market. Moreover, stringent regulations pertaining to energy consumption are anticipated to bolster the product demand over the forecast period.
- Europe 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
- Europe Industrial Insulation Market Application Outlook (Revenue, USD Million , 2018-2030)
- Pipe
- Board
- Blanket
- Others
- Europe 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 continent-level data and insights on the Europe Industrial Insulation Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Industrial Insulation Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Europe Industrial Insulation Market, 2018-2030 (US$M)
Europe industrial insulation market statistics, by product, 2018-2030 (US$M)
