Industrial Insulation Industry: Challenges and Opportunities AheadPosted by Nicky Arora on November 14th, 2019 The global Industrial Insulation Market size is expected to reach USD 9.76 billion by 2025, at a CAGR of 5.1%, according to a new report by Grand View Research, Inc. Increasing usage of thermal insulation for industrial equipment to improve energy efficiency is expected to drive the growth. The raw materials used to manufacture various industrial insulation products such as glass and stone wool are available in abundance. However, the price of insulation raw materials derived from petrochemicals is subject to a notable change as the crude oil prices fluctuate. This results in an increase in the supplier bargaining power. The market is under high scrutiny from government environmental agencies including the Environment Protection Agency (EPA) and Registration, Evaluation, Authorization and Restriction of Chemicals (REACH). These agencies have imposed stringent regulations on the materials used for manufacturing these products. Government support to develop sustainable manufacturing practices is expected to propel technological advances aimed at production of eco-friendly products. The industrial insulation market exhibits high entry barriers, owing to the presence of a large number of players. In addition, capital intensive nature of the market ensures the requirement of substantial amount of time, planning, and resources for market entry and sustenance. High production volumes realized by the major players has resulted in economies of scale which may discourage new entrants. Access Full Sample Copy @ https://www.grandviewresearch.com/industry-analysis/industrial-insulation-market/request/rs1 Further key findings from the report suggest:
Grand View Research has segmented the global industrial insulation market on the basis of material, product, application, and region: Industrial Insulation Material Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
Industrial Insulation Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
Industrial Insulation Application Type Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
About Grand View Research: Grand View Research is an India & 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. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide. Contact: Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105 United States Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.com Like it? Share it!More by this author |