Global Industrial Thermal Insulation Market to Exceed US$4.1 Billion by 2015, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Industrial Thermal Insulation markets. The global market for Industrial Thermal Insulation is forecast to exceed US$4.1 billion by the year 2015. Factors including favorable regulations, and volatile energy prices are impacting the industrial thermal insulation market. Further, constant innovation of insulation materials in tandem with ever changing customer preferences and patterns is influencing the course of the market.

Industrial Thermal Insulation: A Global Strategic Business Report

Global economic recession jolted the industrial thermal insulation market across the countries during 2008 and 2009. Demand for industrial thermal insulation products declined considerably across all material types such as fibrous, cellular, and others in almost all the matured markets including the US, Canada, Japan, and Europe. However, regional markets in Asia-Pacific and Latin America demonstrated positive growth giving some respite to the global industry. Going forwards, the market is likely to recover by 2011 and demonstrate moderate growth in the ensuing years. Intensifying energy prices as well as favorable regulations are expected to bode well for thermal insulation market across the globe. Furthermore, the nascent significance of foams owing to their cost effectiveness and increased applications provide a competitive edge over conventional insulation materials such as mineral wool. In addition, innovations in insulation materials according to altering customer preferences and patterns are likely to fuel growth in the market.

The United States represents the largest regional market for industrial thermal insulation worldwide, as stated by the new market research report on Industrial Thermal Insulation. The financial crisis considerably weakened the demand for industrial thermal insulation during 2008 and 2009. Sales of industrial thermal insulation in the US are expected to witness moderate recovery through 2011 and gain momentum from 2012 onwards. The US market is dominated by fibrous insulation materials, which account for about 2/3rd of the total market. Asia-Pacific represents the fastest growing market for industrial thermal insulation. By material type, Fibrous Insulation Materials category constitutes the largest as well as fastest growing segment of industrial thermal insulation market.

Global thermal insulation market is large, multifaceted and comprises a comprehensive range of materials that find major applications in industrial and construction sectors. Energy saving and maintenance of ambience are primary motives of thermal insulation. Industrial thermal insulation covers applications in the petrochemicals, pipe sheathing, power generation, HVAC (Heating, Ventilation and Air-conditioning) and other industries. A large part of the demand for industrial thermal insulation roots in the developed economies of North America and Western Europe, and the demand for such products is growing at a relatively faster pace in developing countries in Asia Pacific, and Latin America. Energy conservation initiatives across the world potentially direct the market movement in industrialized countries as well as in developing nations. Further, the demand for industrial thermal insulation materials is forecast to be higher in replacement and improvement applications, on account of the growing concern among industrial houses to curtail heating and cooling costs. Even as process plants and other industrial sectors tend to raise the insulation per structure levels, replacements and improvements are projected to drive industrial thermal insulation markets over the forecast period.

Major players profiled in the report include BASF Polyurethanes GmbH, Bilfinger Berger Industrial Services AG, CECA, Cellofoam North America Inc., DBW Advanced Fiber Technologies, Fibrex Insulations Inc., Flachshaus GmbH, Flumroc AG, Glava A/S, Industrial Insulation Group LLC, Isolatek International Inc., Johns Manville, Knauf Insulation Ltd., Knauf Insulation GmbH, Owens Corning, Paroc Oy AB, Rockwool International A/S, Roxul Inc., Saint-Gobain, CertainTeed Corporation, Moy Isover Ltd, StyroChem International, The Dow Chemical Company, Thermafiber Inc., Uralita Group, and URSA Deutschland GmbH.

The report titled “Industrial Thermal Insulation: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the industrial thermal insulation markets, impact of recession on the markets, current market trends, competitive scenario, key growth drivers, product overview, recent product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for industrial thermal insulation market for the following geographic markets – US, Canada, Japan, Europe, Asia-Pacific, the Middle East, and Latin America. Key segments analyzed include Fibrous Insulation Materials, Cellular Insulation Materials, and Others Insulation Materials. Also, a six-year (2001-2006) historic analysis is provided for additional perspective.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Industrial_Thermal_Insulation_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

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