Industrial Insulation Market Size

Statistics for the 2023 & 2024 Industrial Insulation market size, created by Mordor Intelligence™ Industry Reports. Industrial Insulation size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Industrial Insulation Industry

Single User License
Team License
Corporate License
Book before:
Industrial Insulation Market Summary
share button
Study Period 2019 - 2029
Market Size (2024) USD 7.41 Billion
Market Size (2029) USD 9.52 Billion
CAGR (2024 - 2029) > 5.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific

Major Players

Industrial Insulation Market Major Players

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

OFF

Team License

OFF

Corporate License

OFF
Book before:

Industrial Insulation Market Analysis

The Industrial Insulation Market size is estimated at USD 7.41 billion in 2024, and is expected to reach USD 9.52 billion by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).

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 Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)