Heat-insulation Boards for Industrial Equipment Market size is estimated to be USD 1.5 Billion in 2024 and is expected to reach USD 2.9 Billion by 2033 at a CAGR of 8.1% from 2026 to 2033.
The global Heat insulation Boards for Industrial Equipment market was valued at approximately USD 1.85 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.3% during the forecast period from 2022 to 2030. The market growth is driven by the increasing demand for energy efficient industrial solutions, stringent regulations on thermal efficiency, and rising industrialization in developing economies. The demand for heat insulation boards is notably high in sectors such as power generation, petrochemicals, food processing, and manufacturing, where thermal insulation plays a critical role in energy conservation and equipment safety. Technological advancements in board materials—enhancing thermal resistance and durability—are further influencing market expansion.
Regionally, Asia Pacific accounted for the largest market share in 2022, driven by rapid industrial growth in countries such as China, India, and Southeast Asian nations. Europe followed closely, supported by strong environmental regulations and the presence of advanced industrial infrastructure. North America held a significant share due to established industrial sectors and growing retrofitting activities to improve thermal efficiency. The Middle East & Africa and Latin America markets are expected to witness moderate growth, propelled by increasing investments in industrial development. Opportunities in the market include the rising adoption of lightweight and eco friendly insulation boards, increasing investments in renewable energy plants, and government incentives for energy saving equipment upgrades. The ongoing focus on reducing carbon emissions across industrial facilities presents a favorable outlook for heat insulation board applications across regions.
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NICHIAS Corporation
Yutaka Corporation
WS Hampshire
Inc
Taita Chemical Co.
Ltd
Johns Manville
Hennecke OMS
Knauf Insulation
PAR Group
Sika Group
Cellofoam International GmbH & Co. KG
Skamol
Armil CFS
THERMO Feuerungsbau-Service GmbH
Syneffex
Norgpol
Nonnenmann
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Heat-insulation Boards for Industrial Equipment Market
Mineral Wool Boards
Polystyrene Boards
Polyurethane Boards
Glass Wool Boards
Aerogel Boards
HVAC Systems
Pipes and Ducts Insulation
Boilers and Heat Exchangers
Industrial Ovens and Kilns
Cryogenic Applications
Oil and Gas
Power Generation
Chemicals and Petrochemicals
Manufacturing and Processing
Food and Beverage
Up to 25mm
26mm to 50mm
51mm to 75mm
76mm to 100mm
Above 100mm
Pre-fabricated Insulation
Site-applied Insulation
Modular Insulation Systems
Formed Insulation Products
Custom Insulation Solutions
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Heat-insulation Boards for Industrial Equipment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Heat-insulation Boards for Industrial Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Heat-insulation Boards for Industrial Equipment Market, By Type
6. Global Heat-insulation Boards for Industrial Equipment Market, By Application
7. Global Heat-insulation Boards for Industrial Equipment Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Heat-insulation Boards for Industrial Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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