San Francisco, 28 March 2019: The Report North America Industrial Insulation Market Analysis Report By Material (Stone
Wool, Glass Wool, Calcium Silicate, Cellular Glass, Aerogel), By Product (Pipe,
Blanket), By Application, And Segment Forecasts, 2018 - 2025
The North America industrial insulation market size is projected to reach USD 2.55 billion by 2025,
according to a new report by Grand View Research, Inc., progressing at a CAGR
of 4.0% during the forecast period. Rising awareness regarding energy
conservation and increasing energy cost are anticipated to drive the market.
The market exhibits extensive competitive
rivalry due to presence of a large number of key players offering wide range of
products to industries such as oil & gas and petrochemical. In addition,
presence of a number of well-established companies is increasing entry barrier,
thereby reducing the threat of new entrants.
Abundance in supply of raw materials in the
industry is leading to limited change in the price. Increasing use of advanced
materials for production of insulation is estimated to propel the market over
the forecast period. In addition, high import volumes of low cost raw materials
from economies such as China are expected to emerge as a major trend.
Majority of these raw materials used in the
production of such materials are derivatives of crude oil or natural stone and
sand. Presence of stringent regulations in the U.S. coupled with rising
concerns regarding environmental degradation due to excessive mining is likely
to pose a challenge the growth of the market over the forecast period.
Access Research Report of North America Industrial Insulation
Market @ https://www.grandviewresearch.com/industry-analysis/north-america-industrial-insulation-market
Further key findings from the report suggest:
· Foamed plastics are poised to exhibit a
CAGR of 3.9% in terms of revenue from 2018 to 2025, owing to its superior characteristics
such as sound absorption and superior sealing ability against air leaks
· Pipes were the largest product segment and
stood at a volume of 612 kilotons in 2017, on account of ability to control
& stabilize process temperatures, prevent formation of condensation, and
limit pipe erosion
· Petrochemicals are projected to register a
CAGR of 4.1% in terms of value during the forecast period, owing to increasing
shale oil exploration and presence of a number of gas refineries in the U.S.
and Canada
· U.S. accounted for the leading share in the
North America industrial insulation market, accounting over 85.5% of the total
revenue in 2017 owing to implementation of recent IECC measures
· Major companies in the market focus on
improvement of their product portfolio coupled with high investments in R&D
of low-cost materials that provide superior properties.
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
Grand View Research has
segmented the North America industrial insulation market on the basis of
material, product, application, and region:
North America Industrial Insulation
Material Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
Stone Wool
·
Glass Wool
·
CMS Fibers
·
Calcium Silicate
·
Cellular Glass
·
Foamed Plastic
·
Elastomeric Foam
·
Perlite
·
Aerogel
·
Cellulose
·
Micro Silica
·
Others
North America Industrial Insulation Product Outlook
(Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
Pipe
·
Board
·
Blanket
·
Others
North America Industrial Insulation
Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
Power Generation
·
Petrochemical & Refineries
·
EIP Industries
·
LNG/LPG
·
Other Applications
North America Industrial Insulation
Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
North America
Access Press Release of
North America Industrial Insulation Market@ https://www.grandviewresearch.com/press-release/north-america-industrial-insulation-market-analysis
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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