Heat-insulation Boards for Industrial Equipment Market was valued at USD 4.5 Billion in 2022 and is projected to reach USD 6.8 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The global market for heat-insulation boards used in industrial equipment was valued at approximately USD 4.5 billion in 2022. It is projected to expand at a compound annual growth rate (CAGR) of 6.2% from 2023 to 2030. This growth is driven by the increasing need for energy-efficient solutions and stringent regulations aimed at reducing industrial energy consumption. The expansion of manufacturing industries and rising investments in infrastructure development further fuel the demand for these insulation solutions. As industrial processes become more advanced and complex, the requirement for effective heat management solutions is expected to drive the market forward.
Emerging markets, particularly in Asia-Pacific and Latin America, present significant growth opportunities due to rapid industrialization and expanding infrastructure projects. These regions are anticipated to witness a substantial increase in demand for heat-insulation boards, owing to their growing manufacturing sectors and increasing focus on energy efficiency. The rising awareness of the benefits of effective thermal insulation, combined with advancements in insulation materials technology, is likely to contribute to market growth in these regions. The overall opportunity landscape for heat-insulation boards in industrial equipment remains robust, with various factors indicating a promising trajectory for market expansion.
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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
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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
Power Plants
Refineries
Paper Mills
Aerospace
Other
Based on Types the Market is categorized into Below types that held the largest Heat-insulation Boards for Industrial Equipment market share In 2023.
Mineral Wool
Ceramic Fibre
Mica
Other
Global (United States, Global 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
Global
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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