Industrial Thermal Insulation Market Size, Share, Growth, and Industry Analysis, By Type (Foam Plastic Material, Glass Fiber, Other) By Application (Power Generation, Industrial Furnace, Automobile Industry, Aerospace, Others) Regional Forecast From 2025 To 2034

•   
•   
  

  Request a Free sample to learn more about this report

    

INDUSTRIAL THERMAL INSULATION MARKET OVERVIEW

The global Industrial Thermal Insulation Market size stood at USD 7.73 billion in 2025, growing further to USD 16.99 billion by 2034 at an estimated CAGR of 9.14% from 2025 to 2034.

The United States Industrial Thermal Insulation Market size is projected at USD 2.46568 billion in 2025, the Europe Industrial Thermal Insulation Market size is projected at USD 2.14181 billion in 2025, and the China Industrial Thermal Insulation Market size is projected at USD 1.9795 billion in 2025.

The global COVID-19 pandemic has been unprecedented and staggering, with the industrial thermal insulation market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

A substance that is used to prevent or reduce heat energy loss in a process or system, thermal insulation is essential in many industrial operations, such as metalworking, glassmaking, and food processing, to prevent equipment from overheating and causing damage or harm. The market's expansion may be ascribed to rising demand for energy-efficient and environmentally friendly solutions across industries, as well as increased awareness among end users about the benefits of industrial thermal insulation. During the forecast period, the foam plastic material segment is likely to lead the global industrial thermal insulation market in terms of value and volume. This expansion can be attributed to qualities such as excellent heat resistance, low weight, and superior sound absorption.

KEY FINDINGS

COVID-19 IMPACT

The Project Delays and Labour Shortages Resulted in Decline in the Market

Economic uncertainty and lockdown measures imposed by the epidemic have resulted in the postponement or termination of industrial initiatives. The need for thermal insulation in new building and retrofit projects may have been impacted when industrial activity slowed or temporarily ceased. Labour shortages in some areas were caused by social distancing measures, travel limitations, and health concerns. These shortages could have hampered the installation of thermal insulation in industrial facilities, resulting in project delays or higher labour expenses.

LATEST TRENDS

Industrial Growth, Expansion and Ongoing Research to Shoot Up the Market Share Potentially

The expansion of sectors such as oil and gas, petrochemicals, power generation, manufacturing, and construction has raised the demand for industrial thermal insulation solutions. As industrial activities develop, the requirement to manage heat transport becomes more vital. Continuous research and development efforts have resulted in the introduction of unique and sophisticated insulation materials and techniques, which have improved the overall performance and efficiency of thermal insulation solutions.

• According to the research, the Renovation Wave aims to renovate 35 million buildings by 2030, increasing demand for thermal insulation products in building and industrial envelopes.

• According to report, mineral-wool insulation is used in roughly 80% of European building insulation applications, driving product-level R&D on recyclability and fire safety.

•   
•   
  

  Request a Free sample to learn more about this report

    

INDUSTRIAL THERMAL INSULATION MARKET SEGMENTATION

By Type

Based on type the industrial thermal insulation market is classified as  foam plastic material, glass fiber and others.

By Application

Based on application the industrial thermal insulation market is classified as power generation, industrial furnace, automobile industry, aerospace and others.

DRIVING FACTORS

The Leading Segment Power Generation to Raise the Demand Boost Market Growth

Due to rigorous laws demanding the use of industrial insulation to conserve energy and enhance operational efficiency, the power generating industry is expected to be the leading category. Industrial insulation is used to protect a range of equipment in the power production business, including steam pipes, heat storage tanks, and boilers. Calcium silicate is a typical substance used to insulate power plants. It is used to insulate high-temperature pipes and equipment, as well as for fire resistance applications.

Many projects are underway to lay the transmission line that will allow power to be safely transmitted from one area to another. PacifiCorp's Southeastern Idaho project, which is set to be completed in April 2022, planned to replace antiquated transmission lines with newer ones in order to meet the region's increasing demand for electrical power. A multi-stage electrical system renovation was necessary from Goshen Substation near Firth, Idaho, to Rexburg Substation in Rexburg, Idaho. With the increased number of power plants around the world, demand for industrial insulating materials is likely to rise during the forecast period.

Growing Demand in developing Economies to Multiply the Production and Market Growth

Rapid industrialisation in developing nations, along with a growing awareness of energy efficiency, is boosting the demand for industrial thermal insulation in regions such as Asia-Pacific and Latin America.

• According to the data, energy-efficiency targets that improve national energy intensity by ~2.5%–3.5% in industrial programmes directly boost demand for process insulation and high-temperature solutions.

• According to the analyses, updated building energy standards (e.g., Standard 90.1 updates) can deliver ~4–5% site energy savings in new commercial construction—encouraging specification of higher performance insulation in industrial and commercial systems.

RESTRAINING FACTORS

Temprature Limits, Thickness, Space Constraints and the High Cost to Restrain the Market Growth

Different thermal insulation materials have certain temperature limits beyond which their performance may decline or become useless. Finding adequate insulation materials that can tolerate extremely high temperatures in industrial operations might be difficult. Different thermal insulation materials have certain temperature limits beyond which their performance may decline or become useless. Finding adequate insulation materials that can tolerate extremely high temperatures in industrial operations might be difficult.Different thermal insulation materials have certain temperature limits beyond which their performance may decline or become useless. Finding adequate insulation materials that can tolerate extremely high temperatures in industrial operations might be difficult hindering the industrial thermal insulation market growth.

• According to data, the EU’s annual energy renovation rate is around 1%, which is well below targets and restrains rapid retrofit-driven growth for insulation products.

• According to the Statistics, employment openings for insulation workers average ~5,700 per year (projected) and overall workforce growth is modest (~4% 2024–2034), signalling installer-capacity constraints that can slow deployment.

•   
•   
  Request a Free sample to learn more about this report

    

INDUSTRIAL THERMAL INSULATION MARKET REGIONAL INSIGHTS

North American Region to Dominate the Market with Applications in the Aerospace, Defense and Electronics Industries

Asia-Pacific is expected to be the largest and fastest-growing building and power generation and thus power housing the industrial thermal insulation market share. Factors such as the growing need for energy conservation and the International Green Construction Code (IGCC) standards providing severe regulatory criteria are boosting the industry's insulation requirements in Asia-Pacific. According to the BP Statistical Review of World Energy 2022, total power generation in the Asia-Pacific area in 2021 was close to 14,000 terawatt-hours, accounting for the world's highest percentage of total electricity generated.

In the electric car business, electric insulating materials are also vital. Electrical insulation is made of non-conductive materials and is used to restrict the flow of electricity while also protecting sensitive components. In the electric car business, electric insulating materials are also vital. Electrical insulation is made of non-conductive materials and is used to restrict the flow of electricity while also protecting sensitive components.

KEY INDUSTRY PLAYERS

Financial Market Participants to Support Market Growth

There are numerous international and regional competitors in the fiercely competitive sector. The launch of new and improved products, collaborations, joint ventures, mergers and acquisitions, and other strategies are all being strategically planned by major companies.

• Insulcon Group: According to Insulcon’s company pages, Insulcon employs ~180 colleagues worldwide, specialising in high-temperature refractory insulation up to 1,600°C.

• Glava A/S: According to company profiles and public filings, Glava operates production facilities in Norway and employs roughly ~350–500 people .

List of Top Industrial Thermal Insulation Companies

• Insulcon Group
• Glava A/S
• BNZ Materials
• BASF Polyurethanes GmbH
• Huntsman Corporation
• Cellofoam North America
• ContiTech AG
• CECA
• Isolatek International
• GAF
• Kingspan Group plc
• 3M Company
• Industrial Insulation Group LLC
• Cabot Corporation
• Johns Manville
• G+H Isolierung GmbH
• Flumroc AG
• DBW Advanced Fiber Technologies GmbH Evonik Industries AG
• Armacell International S.A
• Knauf Insulation GmbH

REPORT COVERAGE

The report includes a SWOT analysis as well as information on potential future developments.The research paper examines a variety of variables that foster market expansion. This section also discusses a variety of market segments and applications that may have an impact on the market in the future. The specifics are based on historical turning points and present trends.the market's components' current conditions and prospective growth opportunities for the coming years. The influence of financial and strategic opinions, as well as market segmentation data from both subjective and quantitative research, are all covered in the study. The study also disseminates information on assessments made at the national and regional levels that account for the primary dynamics of supply and demand that are affecting market expansion.