Global Tank Insulation Market Drivers, Restraints, Share and Growth Analysis

Posted by nileshdbmr on January 17th, 2020

Global tank insulation market is expected to register a substantial CAGR of 5.3% in the forecast period of 2019 -2026.

Tank insulation refers to the process in which different chemicals and materials are applied to the inside of tank and also to the surface, to maintain the temperature throughout its usage period. Tank insulation is done to preserve the temperature inside the tank in order to minimize the heat loss. Tanks are used in almost all the industries according to their variable size, shape and media temperature. There are various tanks that are used to store and transport liquid gases with low static evaporation.

Insulation is done by using material or a combination of materials that are applied to restrict the flow of heat. The five most common insulation materials used are: fiberglass, mineral wool, cellulose, polyurethane foam and polystyrene.

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Segmentation: Global Tank Insulation Market

Global tank insulation market is segmented into six notable segments which are by type, material type, temperature type, tank type, tank ends and end-user.

• On the basis of type, the market is segmented into storage and transportation
• On the basis of material type, the market is segmented into expanded polystyrene (EPS), rockwool, cellular glass, fiberglass, elastomeric foam, polyurethane (PU) and others
• On the basis of temperature type, the market is segmented into hot insulation and cold insulation
• On the basis of tank type, the market is segmented into vertical tank, horizontal tank, fixed tank and mounted tank
• On the basis of tank ends, the market is segmented into parabolic dish and flat
• On the basis of end-user, the market is segmented into oil & gas, energy and power, chemical, food and beverages, water purification, wastewater purification and others.

Competitive Analysis: Global Tank Insulation Market

Some of the major players operating in this market are Commercial Thermal Solutions, Inc., The Dow Chemical Company, GILSULATE INTERNATIONAL, INC., ITW INSULATION SYSTEMS, J.H. Ziegler GmbH, Knauf Insulation, PolarClad Tank Insulation, ARMACELL LLC, Kingspan Group, Synavax, Johns Manville, Mayes Coatings & Insulation, Inc., Thermacon, Gulf Cool Therm Factory LTD, ROCKWOOL International A/S, Cabot Corporation, SPX Transformer Solutions Inc., DUNMORE, T.F. Warren Group, Saint-Gobain, Huntsman International LLC , Corrosion Resistant Technologies, Inc., Röchling Group.

Focus of the report

1. CAGR values in the market for the forecast period
2. Key trends in the market place
3. Major players and brands
4. Historical and current market size and projection up to 2026.
5. Detailed overview of parent market
6. Changing market dynamics of the industry

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• The latest developments, market shares, and strategies that are employed by the major market players

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