Italy Industrial Insulation Market Size & Outlook, 2023-2030
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Italy industrial insulation market highlights
- The Italy industrial insulation market generated a revenue of USD 215.0 million in 2023 and is expected to reach USD 289.3 million by 2030.
- The Italy market is expected to grow at a CAGR of 4.3% 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 215.0 million |
| Market revenue in 2030 | USD 289.3 million |
| Growth rate | 4.3% (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, Italy accounted for 2.5% 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.
Stone wool was the largest segment with a revenue share of 25.95% in 2023. Horizon Databook has segmented the Italy 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.
The demand for indigenous oil & gas production is expected to increase in the wake of efforts undertaken by the government to revive hydrocarbon production in Italy. Spain currently uses around 1.4 million barrels of oil daily, with a high proportion of the same being imported due to the lack of indigenous production.
The growth of oil & gas industry in the region is expected to warrant an increase in the use of insulation products, in turn, boosting the market growth over the forecast period. In addition, the development of oil downstream products manufacturing industry in the economy is expected to propel the market growth over the next seven years.
Calcium-Magnesium-Silicate has various advantages such as high-temperature range, non-contribution toward combustion, high compressive strength, high flexural strength, and corrosion resistance. Typical industrial applications comprise chemical plants, pipe and equipment, refineries, steam piping, boilers, electrical power plants, vents, and exhaust ducts.
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Industrial Insulation Market Scope
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 |
Italy industrial insulation market size, by foamed plastic, 2018-2030 (US$M)
Italy Industrial Insulation Market Outlook Share, 2023 & 2030 (US$M)
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