The North America Industrial Insulation Market size is estimated to touch USD 2.55 billion by the end of 2025 and is anticipated to register a compound annual growth rate of 4.0% from 2018 to 2025, according to a new report published by Million Insights. The rising energy costs along with growing awareness about energy conservation are driving the market growth.
The market is highly competitive owing to the existence of top players in North America market. These companies have a wide product offering for petrochemical and other oil industries. Additionally, the industry represents high entry barriers for new entrants due to the well-established players.
To download the sample pdf of North America Industrial Insulation Market Report “Please” click here: https://www.millioninsights.com/industry-reports/north-america-industrial-insulation-market/request-sample
The greater availability of raw material is limiting the fluctuation in prices. Moreover, rising usage of improved quality materials in insulation is expected to foster the North America industrial insulation market growth. Additionally, the high import of raw materials and supplies from China at low-cost is projected to bolster the growth of the North America market.
The raw materials utilized for producing insulation products include derivatives of natural stone, san and crude oil. However, stiff government regulations about environmental degradation along with increasing mining activities may hamper the market growth.
To browse report summary & detailed TOC, “please” click the link below:
https://www.millioninsights.com/industry-reports/north-america-industrial-insulation-market
Further key findings from the report suggest:
• Foamed plastics segment is anticipated to grow at a compound annual growth rate of 3.9% during the forecast period.
• Based on product, in 2017, pipes segment held the volume of over 612 Kilotons.
• Petrochemicals application segment is estimated to expand at the fastest CAGR of 4.1% over the forecasted period. The rising demand for product from oil & gas refineries is contributing to market growth.
• In 2017, the U.S. led the market with highest revenue share of more than 85.5%.
• Key players in the industry focus on investment in R&D development to develop superior quality insulation products.
Million Insights has segmented the North America industrial insulation market on the basis of material, product, application and region:
North America Industrial Insulation Material Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)
• Stone Wool
• Power Generation
• Petrochemical & Refineries
• EIP Industries
• LNG/LPG
• Others
• Glass Wool
• Power Generation
• Petrochemical & Refineries
• EIP Industries
• LNG/LPG
• Others
• CMS Fibers
• Power Generation
• Petrochemical & Refineries
• EIP Industries
• LNG/LPG
• Others
• Calcium Silicate
• Power Generation
• Petrochemical & Refineries
• EIP Industries
• LNG/LPG
• Others
• Cellular Glass
• Power Generation
• Petrochemical & Refineries
• EIP Industries
• LNG/LPG
• Others
• Foamed Plastic
• Power Generation
• Petrochemical & Refineries
• EIP Industries
• LNG/LPG
• Others
• Perlite
• Power Generation
• Petrochemical & Refineries
• EIP Industries
• LNG/LPG
• Others
• Aerogel
• Power Generation
• Petrochemical & Refineries
• EIP Industries
• LNG/LPG
• Others
• Cellulose
• Power Generation
• Petrochemical & Refineries
• EIP Industries
• LNG/LPG
• Others
• Micro Silica
• Power Generation
• Petrochemical & Refineries
• EIP Industries
• LNG/LPG
• Others
• Others
• Power Generation
• Petrochemical & Refineries
• EIP Industries
• LNG/LPG
• Others
North America Industrial Insulation Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)
• Pipe
• Board
• Blanket
• Others
North America Industrial Insulation Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)
• Power Generation
• Petrochemical & Refineries
• EIP Industries
• LNG/LPG
• Other Applications
North America Industrial Insulation Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)
• North America
• U.S.
• Canada
Read the Latest Press Releases by Million Insights:
• Electronic Home Locks Market: The global electronic home locks market is estimated to reach USD 952.4 million by 2025, and is projected to grow at a CAGR of 16.1% from 2019 to 2025. The increase in the demand for advance security systems and rising trend of connected homes are the key factors propelling the market growth.
• Eye Makeup Market: The global eye makeup market size is expected to reach USD 21.41 Billion, by 2025, registering a CAGR 5.7% over the forecast period. The major factors which are driving the growth of this market are increasing consciousness about physical appearance among women especially, in the working class of women and rising per capita income.
About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/north-america-industrial-insulation-market