Innovation & Technology Improvements in Thermal Performance Drives the Industrial Thermal Insulation Market, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) November 21, 2014 -- Follow us on LinkedIn – Thermal insulation in industrial plants is designed to obstruct the flow of heat energy and limit heat loss. Insulation capacities typically utilized in this sector range between -73.3ºC (-100ºF) and 815.6ºC (1500ºF). In addition, thermal insulation also offers fire protection and acoustic insulation benefits. All industrial plants generate heat by burning fossil fuels required for carrying out various industrial activities. Focus is therefore being shed on wasteful dissipation of this heat, especially so against a backdrop of growing awareness over the importance of minimizing heat loss. In power generation plants for instance, heat is generated in steam boilers, furnaces etc., by burning fuel. The produced heat is used for producing electricity and heat loss in power generation therefore implies loss of productivity. Industries including chemicals, petrochemicals, oil & gas process plants and power generation are among the major end-use markets for thermal insulation.
Growth in the market is driven by product innovation and favourable regulations for thermal insulation. Continuous technology advancements are brining innovative insulation products brought to market. Especially poised to benefit are developments that help result in enhanced energy efficiency. Thermal insulation research is currently focused on developing nanotechnology based materials that can offer enhanced energy efficiency. Microporous insulation and vacuum thermal insulation represent strong growth areas in the near term. Rising significance of foam as a cost-effective and efficient alternative to conventional insulation materials such as mineral wool is emerging as a key growth driver in the market.
As electricity is critical to infrastructure development, investments in power generation are growing at a steady pace across the world. Insulation, in this regard, finds extensive applications in conventional, nuclear and solar power generation plants. Fibrous and granular insulation materials, such as, calcium silicate, fiber glass and mineral wool, have been in use in piping and equipment in nuclear plants for over years. Calcium Silicate is extensively used in hot service piping and equipment in power plants mainly because of attributes such as durability and corrosion resistance.
As stated by the new market research report on Industrial Thermal Insulation, the United States represents the largest market worldwide, followed by Europe. Asia-Pacific is forecast to spearhead growth with the fastest CAGR of 6.0% over the analysis period. Steady economic growth, improving environmental regulations and laws, and strong production activities across key end-use industries, represent key factors driving growth in the region.
Key players covered in the report include Armacell, BASF Polyurethanes GmbH, Cabot Corporation, CECA, Cellofoam North America Inc., ContiTech AG, DBW Advanced Fiber Technologies GmbH, Evonik Industries AG, Flachshaus GmbH, Flumroc AG, G+H Isolierung GmbH, Glava A/S, Huntsman Corporation, Industrial Insulation Group LLC, Isolatek International Inc., Johns Manville, Knauf Insulation Ltd., L’ISOLANTE K-FLEX, Microtherm N.V., Morgan Thermal Ceramics, Owens Corning, Paroc Oy AB, Pittsburgh Corning Corporation, Porextherm Dämmstoffe GmbH, PPG Industries, Rockwool International A/S, Saint-Gobain, Sebald Isosysteme, StyroChem International, Superglass Insulation Ltd., The Dow Chemical Company, Unifrax LLC and Uralita Group, among others.
The research report titled “Industrial Thermal Insulation: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the market, industry overview, trends, growth drivers, latest product launches and recent industry activity. The report provides market estimates and projections for material types including Fibrous, Cellular and Others. Geographic markets analyzed in the report include the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), The Middle East and Latin America (Brazil and Rest of Latin America).
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 leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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