San Jose, California (PRWEB) August 22, 2013
Follow us on LinkedIn – In the coming months, GIA will complete an extensive secondary and primary research program involving some of the industry’s leading players and experts. The study will examine key drivers and trends impacting the market such as strong demand for natural insulation products; growing prospects for foamed plastics, glass wool and stone wool insulation; and surging demand for eco-friendly insulation materials.
Increasing energy costs and depletion of conventional energy resources are driving the market for Industrial Thermal Insulation. Insulation materials help enhance the efficiency of industrial processes by enabling accurate process temperature control, encouraging energy conservation by reducing heat loss and/or gain, preventing condensation on cold surfaces, and by reducing noise & risk of equipment damage through possible exposure to fire or other corrosive elements. Developing countries of China, India, Brazil and Russia are expected to drive future growth in the market supported by strong economic growth and rapid industrialization. Fibrous Industrial Thermal Insulation materials are forecast to witness strong growth in Asia-Pacific, while Cellular Industrial Insulation materials will grow in popularity in developed economies.
Also poised to grow are natural insulation materials like cellulose, soy-based foam and recycled cotton. Soy-based foam insulation is gaining greater market acceptance in the United States owing to its low cost and soft texture. Insulation material providers in Europe are experimenting with a wide range of materials such as flax fibers, wool, recycled jute and recycled newspaper, to develop cost-effective and efficient insulation options. The study estimates Industrial Thermal Insulation to be a multi-billion dollar market worldwide, while more precise market-size and growth projections for a 14-year period will be made available during the 2nd stage of report preparation, and data analysis.
The research and analyses will be released shortly in the form of a comprehensive research report. The report by design, will attempt to provide exhaustive analysis, data, trends, market share, market size, statistics, forecasts and competitive intelligence. The report is modelled to offer precise and unbiased, actionable market insights including in-depth segmentation of market sub-sectors, demand estimates and projections and analysis of trends in each of the sectors, identification of leading players, and the competitive structure, among others.
The report outlines the importance of thermal insulation in efficient management and the enormous benefits it offers to industrial processes in the form of improved productivity, lower costs, and adherence to environmental emission regulations. Developed for industrial thermal insulation manufacturers, and plant construction consultants, among others, the report helps identify the biggest opportunities in this space and offers accurate latent demand forecasting that empowers quantitative decision making among existing market players and new entrants.
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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 more than 1300 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.
Global Industry Analysts, Inc.
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