Industrial Insulation Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Industrial Insulation Market is Segmented by Insulation Material (Mineral Wool, Fiber Glass, Foamed Plastics, Calcium Silicate, and Other Insulation Materials), Product (Blanket, Board, Pipe, and Other Products), End-User Industry (Chemical and Petrochemical, Power Generation, Automotive, Oil and Gas, Electrical and Electronics, Construction, and Other End-User Industries), and Geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The Report Offers Market Size and Forecasts for Industrial Insulation in Terms of Revenue (USD) for all the Above Segments.

Industrial Insulation Market Size

Industrial Insulation Market Summary

Industrial Insulation Market Analysis

The Industrial Insulation Market size is estimated at USD 7.78 billion in 2025, and is expected to reach USD 9.93 billion by 2030, at a CAGR of greater than 5% during the forecast period (2025-2030).

The COVID-19 pandemic had a big effect on the market for industrial insulation because it caused restrictions in most industries around the world. However, industries have grown faster since 2021, which has increased the need for insulation materials. Because of this, the market is likely to stay on the same path during the forecast period.

  • The growing construction and power generation industries have been driving the growth of the market. Moreover, regulatory support to increase energy efficiency is also driving market growth.
  • However, the health and environmental risks of insulation wool are likely to slow the growth of the market that was studied.
  • The rising exploration and production activities in China, the UAE, Indonesia, and the United States and the use of organic products for insulation are likely to provide opportunities for the industrial insulation market over the upcoming years.
  • The Asia-Pacific region dominates the industrial insulation market, owing to its increasing application in the construction and power generation sectors in the region.

Industrial Insulation Industry Overview

The industrial insulation market is partially consolidated in nature, with a few major players dominating a significant share of the market's demand. Some of the major companies in the market (not in any particular order) include Knauf Insulation, Rockwool A/S, Owens Corning, BASF SE, and Solvay, among others.

Industrial Insulation Market Leaders

  1. Knauf Insulation

  2. Owens Corning

  3. BASF SE

  4. Solvay

  5. Rockwool A/S

  6. *Disclaimer: Major Players sorted in no particular order
Industrial Insulation Market Concentration
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Industrial Insulation Market News

  • November 2022: BEWI acquired Aislamientos y Envases SL, a Spanish insulation company that provides EPS-based products for packaging and industrial applications, to expand its geographic footprint and strengthen its insulation solutions product portfolio in Spain.
  • October 2022: Knauf Group increased its mineral wool (insulation) production capacity within Central and Eastern Europe by investing close to EUR 135 million (~USD 133.4 million) in Knauf Insulation's facility in Tarnaveni, Romania, along with retrofitting the existing plant, which was acquired earlier this year. The new facility is expected to be completed by 2024.

Industrial Insulation Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Growing Construction and Power Generation Industry
    • 4.1.2 Regulatory Support to Increase Energy Efficiency
  • 4.2 Restraints
    • 4.2.1 Environmental Hazards
    • 4.2.2 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products or Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Value)

  • 5.1 Insulation Material
    • 5.1.1 Mineral Wool
    • 5.1.2 Fiber Glass
    • 5.1.3 Foamed Plastics
    • 5.1.4 Calcium Silicate
    • 5.1.5 Other Insulation Materials
  • 5.2 Product
    • 5.2.1 Blanket
    • 5.2.2 Board
    • 5.2.3 Pipe
    • 5.2.4 Other Products
  • 5.3 End-user Industry
    • 5.3.1 Automotive
    • 5.3.2 Chemical and Petrochemical
    • 5.3.3 Construction
    • 5.3.4 Electrical and Electronics
    • 5.3.5 Oil and Gas
    • 5.3.6 Power Generation
    • 5.3.7 Other End-user Industries
  • 5.4 Geography
    • 5.4.1 Asia-Pacific
    • 5.4.1.1 China
    • 5.4.1.2 India
    • 5.4.1.3 Japan
    • 5.4.1.4 South Korea
    • 5.4.1.5 Rest of Asia-Pacific
    • 5.4.2 North America
    • 5.4.2.1 United States
    • 5.4.2.2 Canada
    • 5.4.2.3 Mexico
    • 5.4.3 Europe
    • 5.4.3.1 Germany
    • 5.4.3.2 United Kingdom
    • 5.4.3.3 France
    • 5.4.3.4 Italy
    • 5.4.3.5 Rest of Europe
    • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Rest of South America
    • 5.4.5 Middle East & Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 South Africa
    • 5.4.5.3 Rest of Middle East & Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%) ** / Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Armacell
    • 6.4.2 BASF SE
    • 6.4.3 BNZ Materials
    • 6.4.4 Cabot Corporation
    • 6.4.5 INSUL-FAB
    • 6.4.6 Jays Refractory Specialists
    • 6.4.7 Johns Manville-Berkshire Hathway Company
    • 6.4.8 Knauf Insulation
    • 6.4.9 Owens Corning
    • 6.4.10 Rockwool A/S
    • 6.4.11 Solvay
    • 6.4.12 Temati Group
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Growing Exploration Activities in the Oil and Gas Industry
  • 7.2 Use of Organic Products for Insulation
**Subject to Availability
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Industrial Insulation Industry Segmentation

Industrial insulation is a layer or coating of a material that is resistant to the energy being blocked. It is used all over the world in places like refineries, power plants, manufacturing facilities, and other industrial operations. 

The industrial insulation market is segmented by insulation material, product, end-user industry, and geography. By insulation material, the market is segmented into mineral wool, fiberglass, foamed plastics, calcium silicate, and other insulation materials. By product, the market is segmented into blankets, boards, pipes, and other products. By end-user industry, the market is segmented into chemical and petrochemical, power generation, automotive, oil and gas, electrical and electronics, construction, and other end-user industries. The report also covers the market size and forecasts for industrial insulation in 15 countries across major regions. For each segment, market sizing and forecasts have been done on the basis of revenue (USD).

Insulation Material Mineral Wool
Fiber Glass
Foamed Plastics
Calcium Silicate
Other Insulation Materials
Product Blanket
Board
Pipe
Other Products
End-user Industry Automotive
Chemical and Petrochemical
Construction
Electrical and Electronics
Oil and Gas
Power Generation
Other End-user Industries
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle East & Africa Saudi Arabia
South Africa
Rest of Middle East & Africa
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Industrial Insulation Market Research FAQs

How big is the Industrial Insulation Market?

The Industrial Insulation Market size is expected to reach USD 7.78 billion in 2025 and grow at a CAGR of greater than 5% to reach USD 9.93 billion by 2030.

What is the current Industrial Insulation Market size?

In 2025, the Industrial Insulation Market size is expected to reach USD 7.78 billion.

Who are the key players in Industrial Insulation Market?

Knauf Insulation, Owens Corning, BASF SE, Solvay and Rockwool A/S are the major companies operating in the Industrial Insulation Market.

Which is the fastest growing region in Industrial Insulation Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Industrial Insulation Market?

In 2025, the Asia-Pacific accounts for the largest market share in Industrial Insulation Market.

What years does this Industrial Insulation Market cover, and what was the market size in 2024?

In 2024, the Industrial Insulation Market size was estimated at USD 7.39 billion. The report covers the Industrial Insulation Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Industrial Insulation Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Industrial Insulation Industry Report

Statistics for the 2025 Industrial Insulation market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Industrial Insulation analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Industrial Insulation Market Report Snapshots

Compare market size and growth of Industrial Insulation Market with other markets in Chemicals & Materials Industry

Industrial Insulation Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)