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Technical Insulation Market Analysis

Report ID: GMI6700
Published Date: Sep 2023
Report Format: PDF

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Technical Insulation Product Market Analysis

Technical Insulation Market Size, By Product Type, 2021 - 2032 (USD Billion)

Based on product type, the technical insulation market is segmented as rigid foam, flexible foam, man-made mineral fiber. Rigid foam held a majority market value of over USD 3.5 Billion in 2022. Rigid foam insulation provides a seamless barrier that minimizes air leakage and thermal bridging, driving demand for energy-efficient building envelopes.

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Based on application, the technical insulation market is segmented as HVAC Systems, Heating & Plumbing, Acoustic, Refrigeration, Others. HVAC Systems held a dominant market share of around 35% in 2022 and is expected to grow at a lucrative pace till 2032. Insulation on HVAC systems and ducts prevents energy loss during air distribution, optimizing heating and cooling efficiency.

Based on end-use, the technical insulation market is segmented as Oil and Gas, Transport, Energy, Commercial Buildings, Others. Oil and Gas held a dominant market share in 2022 and is anticipated to grow at over 30% CAGR through 2032. Technical insulation in oil and gas facilities conserves energy by preventing heat loss or gain in equipment and piping systems. Thus, the high-quality services and growing usage of technical insulation at oil and gas industries are anticipated to expedite the business expansion.

U.S. Technical Insulation Market Size, 2020- 2032 (USD Billion)

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U.S. dominated the North American region with majority market share and a revenue of USD 1.7 Billion in 2022. Stringent building codes and energy regulations push for improved insulation to enhance energy efficiency and reduce carbon emissions.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for technical insulation was valued at over USD 8.51 Billion in 2023 and is estimated to reach USD 12.85 Billion by the end of 2032, favored by the stringent building energy codes and regulations for improved insulation to enhance energy efficiency in buildings.

HVAC Systems held a dominant market share of around 35% in 2022 and is expected to grow at a lucrative pace through 2032 as insulation on HVAC systems and ducts prevents energy loss during air distribution, optimizing heating and cooling efficiency.

U.S. technical insulation industry was worth USD 1.7 Billion in 2022 and is anticipated to expand at a significant pace from 2023 to 2032, backed by the stringent building codes and energy regulations in the region.

Rockwool International A/S, Saint-Gobain, Knauf Insulation, Owens Corning, Armacell, Kingspan Group, Johns Manville, BASF SE, LIsolante K-Flex, Kaimann GmbH, Huntsman Corporation, Fletcher Insulation, Paroc Group, ThermaXX Jackets, Bauder Ltd. among others.