技術的絶縁市場 : 2028年までの世界予測

出版:MarketsandMarkets(マーケッツアンドマーケッツ) 出版年月:2023年11月

Technical Insulation Market – Global Forecast to 2028

技術的絶縁市場 : 材料タイプ (高温、低温柔軟性、低温剛性)、用途 (暖房&配管、HVAC、冷凍、工業プロセス、音響)、最終用途 (産業& OEM、エネルギー、輸送)、地域別 – 2028年までの世界予測
Technical Insulation Market by Material Type (Hot, Cold-Flexible, Cold-Rigid), Application (Heating & Plumbing, HVAC, Refrigeration, Industrial Process, Acoustic), End-use (Industrial & OEM, Energy, Transportation), and Region – Global Forecast to 2028

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Report Overview

The market size for technical insulation is estimated to be USD 10.3 billion in 2023, with a projected growth to USD 13.4 billion by 2028, at a compound annual growth rate (CAGR) of 5.3%. The continuous expansion of end-use sectors like Petrochemical, oil & gas, industrial sector, transportation, and commercial buildings is propelling the demand for technical insulation in the forecast period.

技術的絶縁市場 : 2028年までの世界予測

The hot insulation material segment dominated the market in 2022.
Hot insulation materials are essential components in industrial settings where elevated temperatures pose a challenge for maintaining safety and operational efficiency. These materials are specifically designed to withstand high temperatures, providing a barrier that minimizes heat transfer, thus preserving the integrity of equipment and ensuring a safe working environment. Common hot insulation materials include refractory materials, such as ceramic fibres and insulating firebricks, as well as high-temperature resistant materials like rockwool, slagwool, and continuous glass filaments. Hot insulation materials play a critical role in ensuring the continuous and efficient operation of high-temperature processes across various industrial sectors. This segment dominated the market in 2022.

The Industrial Process segment held the highest market share in 2022.
The Industrial Process segment stands out as the largest application segment in the technical insulation market due to its critical role in enhancing operational efficiency and safety across a wide spectrum of industries. In industrial settings, the need for insulating materials to withstand extreme temperatures is paramount for the protection of equipment and personnel. Moreover, the continuous expansion of manufacturing and processing industries, as well as the stringent regulatory requirements for insulation in this sector, drive substantial demand. This segment’s prominence is further bolstered by the ongoing global industrialization trends, making it the most substantial contributor to the technical insulation market.


The industrial and OEM end-use industry segment accounted for the highest market share in 2022.
The industrial and OEM segment is poised to maintain its position as the largest end-use industry within the technical insulation market throughout the forecast period. In 2022, this sector already exhibited its dominance due to several compelling factors. The presence of a vast and diverse industrial infrastructure, coupled with the imperative need of insulation in industrial plants, is anticipated to be a major driving force behind the sustained demand for technical insulation on a global scale. Within industrial pipelines, the use of high compressive strength insulation is paramount as it ensures the preservation of the insulation’s nominal thickness both during and after installation. Moreover, insulation materials employed in industrial settings must exhibit qualities like low thermal conductivity, minimal water absorption, and effective noise reduction. These essential attributes are anticipated to fuel the continuous and robust demand for technical insulation in the industrial and OEM segment.

技術的絶縁市場 : 2028年までの世界予測 region

APAC projected as the fastest grwoing technical insulation market during the forecast period.
The Asia-Pacific (APAC) region is the fastest growing region within the technical insulation market in 2022. The high CAGR in the APAC region can be primarily attributed to the rapid growth of the manufacturing and industrial industries. Notably, major manufacturing companies have been increasingly relocating their operations from Europe and North America to APAC, primarily driven by the allure of lower labor and raw material costs. This shift in industrial activity is contributing to the region’s prominence as the leading market for technical insulation, making it a key focal point for industry growth and development. This robust growth is primarily driven by increased demand in India, China, and Japan, where end-use industries are experiencing substantial growth.
By Company: Tier1: 40%, Tier 2: 25%, Tier3: 4: 35%
By Designation: C-Level: 35%, Director Level: 30%, Others: 35%
By Region: North America: 25%, Europe: 20%, Asia Pacific: 45%, South America: 5%, and Middle East & Africa: 5%.

Companies Covered: Rockwool International A/S (Denmark), Saint-Gobain ISOVER (France), Owens Corning (US), Kingspan Group Plc (Ireland), Armacell International S.A. (Luxembourg), Morgan Advanced Materials plc (UK), Knauf Insulation (US), and others are covered in the technical insulation market.

技術的絶縁市場 : 2028年までの世界予測 ecosystem

Research Coverage
The market study covers the technical insulation market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on material type, application, end-use industry, and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the technical insulation market.


Key Benefits of Buying the Report
The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall technical insulation market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. The report also aims to help stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.


The report provides insights on the following pointers:
• Analysis of key drivers (Stringent regulations mandating use of insulation materials and growth in oil and gas demand), restraints (raw material price fluctuations), opportunities (High infrastructure spending in emerging economies and challenges (Lack of skilled labor and high capital cost) influencing the growth of the technical insulation market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the technical insulation market
• Market Development: Comprehensive information about lucrative markets – the report analyses the technical insulation market across varied regions
 • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the technical insulation market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Rockwool International A/S (Denmark), Saint-Gobain ISOVER (France), Owens Corning (US), Kingspan Group Plc (Ireland), Armacell International S.A. (Luxembourg), Morgan Advanced Materials plc (UK), Knauf Insulation (US), and among others in the technical insulation market. The report also helps stakeholders understand the pulse of the technical insulation market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1            INTRODUCTION            35

1.1         STUDY OBJECTIVES      35

1.2         MARKET DEFINITION   35

1.2.1      INCLUSIONS AND EXCLUSIONS 36

1.3         STUDY SCOPE  37

1.3.1      MARKET SEGMENTATION         37

1.3.2      REGIONS COVERED      37

1.3.3      YEARS CONSIDERED     38

1.4         CURRENCY CONSIDERED          38

1.5         UNITS CONSIDERED     38

1.6         LIMITATIONS   38

1.7         STAKEHOLDERS            39

1.8         SUMMARY OF CHANGES            39

2            RESEARCH METHODOLOGY     40

2.1         RESEARCH DATA           40

FIGURE 1           TECHNICAL INSULATION MARKET: RESEARCH DESIGN              40

2.1.1      SECONDARY DATA       41

2.1.1.1   Key data from secondary sources     41

2.1.2      PRIMARY DATA 42

2.1.2.1   Key data from primary sources         42

2.1.2.2   Key industry insights          43

2.1.2.3   Breakdown of primary interviews     43

2.2         MARKET SIZE ESTIMATION       44

FIGURE 2           TECHNICAL INSULATION MARKET SIZE ESTIMATION  44

FIGURE 3           TECHNICAL INSULATION MARKET, BY REGION              45

FIGURE 4           TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY              45

2.2.1      BOTTOM-UP APPROACH           46

FIGURE 5           MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH, BY MATERIAL TYPE            46

2.2.2      TOP-DOWN APPROACH             46

FIGURE 6           MARKET SIZE ESTIMATION: TOP-DOWN APPROACH    46

2.3         DATA TRIANGULATION             47

FIGURE 7           DATA TRIANGULATION             47

2.4         RESEARCH ASSUMPTIONS         48

2.5         RESEARCH LIMITATIONS           48

3            EXECUTIVE SUMMARY 49

FIGURE 8           HOT INSULATION TO BE LARGEST MATERIAL TYPE SEGMENT OF TECHNICAL INSULATION MARKET 50

FIGURE 9           INDUSTRIAL PROCESSES TO BE LARGEST APPLICATION OF TECHNICAL INSULATION          50

FIGURE 10         TRANSPORTATION TO BE FASTEST-GROWING END-USE INDUSTRY OF TECHNICAL INSULATION            51

FIGURE 11         EUROPE LED TECHNICAL INSULATION MARKET IN 2022              51

4            PREMIUM INSIGHTS      53

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN TECHNICAL INSULATION MARKET  53

FIGURE 12         ASIA PACIFIC TO BE FASTEST-GROWING REGION IN TECHNICAL INSULATION MARKET DURING FORECAST PERIOD            53

4.2         TECHNICAL INSULATION MARKET, BY MATERIAL TYPE             53

FIGURE 13         HOT INSULATION TO LEAD TECHNICAL INSULATION MARKET DURING FORECAST PERIOD   53

4.3         TECHNICAL INSULATION MARKET, BY APPLICATION   54

FIGURE 14         INDUSTRIAL PROCESSES TO BE LARGEST APPLICATION OF TECHNICAL INSULATION DURING FORECAST PERIOD 54

4.4         TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY      54

FIGURE 15         INDUSTRIAL & OEM TO BE LARGEST END-USE INDUSTRY SEGMENT OF OVERALL TECHNICAL INSULATION MARKET DURING FORECAST PERIOD       54

4.5         ASIA PACIFIC: TECHNICAL INSULATION MARKET, BY APPLICATION & COUNTRY         55

FIGURE 16         CHINA ACCOUNTED FOR LARGEST MARKET SHARE IN ASIA PACIFIC             55

4.6         TECHNICAL INSULATION MARKET: MAJOR COUNTRIES             55

FIGURE 17         CHINA TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD              55

5            MARKET OVERVIEW     56

5.1         INTRODUCTION            56

5.2         MARKET DYNAMICS     56

FIGURE 18         DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN TECHNICAL INSULATION MARKET  56

5.2.1      DRIVERS            57

5.2.1.1   Increasing power and energy requirements in emerging economies          57

TABLE 1             URBANIZATION, BY REGION, 2021 VS. 2050 (IN MILLION)              58

TABLE 2             POPULATION, BY REGION, 2022–2050 (IN MILLION)       58

5.2.1.2   Superior properties that effectively lower carbon emissions and energy consumption        58

5.2.1.3   Stringent regulations mandating use of insulation materials for energy conservation        59

5.2.1.4   Growth in oil & gas demand             59

FIGURE 19         NATURAL GAS DEMAND TO DRIVE TECHNICAL INSULATION MARKET            60

5.2.2      RESTRAINTS     60

5.2.2.1   Fluctuating raw material prices        60

FIGURE 20         YEARLY GRAPH OF WTI CRUDE OIL PRICES       61

5.2.2.2   Low awareness about technical insulation      61

5.2.2.3   Increased cost of insulation materials             62

5.2.3      OPPORTUNITIES           62

5.2.3.1   Increased infrastructure spending in emerging economies         62

5.2.3.2   Increasing demand for high-temperature insulation materials    63

5.2.4      CHALLENGES   63

5.2.4.1   High capital cost and lack of skilled labor for installation            63

6            INDUSTRY TRENDS       64

6.1         TRENDS & DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS  64

FIGURE 21         REVENUE SHIFT FOR TECHNICAL INSULATION MANUFACTURERS        64

6.2         PRICING ANALYSIS        65

6.2.1      AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION              65

FIGURE 22         AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TOP 3 APPLICATIONS 66

TABLE 3             AVERAGE PRICE TREND OF KEY PLAYERS, BY TOP 3 APPLICATIONS, 2022 (USD/KG) 66

6.2.2      SELLING PRICE RANGE OF TECHNICAL INSULATION, BY REGION, 2022–2028          66

FIGURE 23         AVERAGE SELLING PRICE TREND, BY REGION (USD/KG)              67

TABLE 4             AVERAGE PRICE TREND OF KEY PLAYERS, BY TOP 3 REGIONS, 2021–2028 (USD/KG)      67

6.3         VALUE CHAIN ANALYSIS            68

FIGURE 24         VALUE CHAIN ANALYSIS OF TECHNICAL INSULATION MARKET            68

6.4         ECOSYSTEM MAP          70

FIGURE 25         TECHNICAL INSULATION MARKET: ECOSYSTEM MAP  70

TABLE 5             ECOSYSTEM OF TECHNICAL INSULATION MARKET      71

6.5         TECHNOLOGY ANALYSIS           72

6.5.1      NEW TECHNOLOGIES – TECHNICAL INSULATION         72

6.5.2      ECOSE TECHNOLOGY  73

TABLE 6             BENEFITS OF ECOSE TECHNOLOGY      74

6.5.3      XPS FOAM TECHNOLOGY          74

TABLE 7             ADVANTAGES OF XPS FOAM TECHNOLOGY     74

6.5.4      SYNTACTIC FOAM TECHNOLOGY         75

6.5.5      NANO-TECHNOLOGY   75

6.6         PATENT ANALYSIS        76

6.6.1      INTRODUCTION            76

6.6.2      METHODOLOGY           76

6.6.3      TECHNICAL INSULATION MARKET, PATENT ANALYSIS (2013–2022)              76

FIGURE 26         LIST OF MAJOR PATENTS FOR TECHNICAL INSULATION MARKET (2013–2022)     77

TABLE 8             LIST OF PATENTS FOR TECHNICAL INSULATION           78

6.7         TRADE ANALYSIS          81

FIGURE 27         EXPORT SCENARIO, HS CODE 680610, ENCOMPASSING SLAG WOOL, ROCK WOOL AND SIMILAR MINERAL WOOLS, INCL. INTERMIXTURES THERE OF, IN BULK, SHEETS OR ROLLS, 2022 (USD BILLION)     81

FIGURE 28         IMPORT SCENARIO, HS CODE 680610, ENCOMPASSING SLAG WOOL, ROCK WOOL AND SIMILAR MINERAL WOOLS, INCL. INTERMIXTURES THERE OF, IN BULK, SHEETS OR ROLLS, 2022 (USD BILLION)     81

6.8         KEY CONFERENCES AND EVENTS IN 2023–2024 82

TABLE 9             TECHNICAL INSULATION MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2023–2024     82

6.8.1      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          84

TABLE 10           NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         84

TABLE 11           EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         86

TABLE 12           REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         87

6.9         TARIFF AND REGULATORY LANDSCAPE            87

6.9.1      AVERAGE TARIFF RATES            87

TABLE 13           TARIFF RELATED TO SLAG WOOL, ROCK WOOL, AND SIMILAR MINERAL WOOLS          87

6.9.2      ASTM C1696-20 88

6.9.3      ASTM C547        88

6.9.4      ASTM C533        88

6.9.5      ASTM C552        88

6.9.6      ASTM C591        88

6.9.7      ISO 13787:2003(E)           89

6.9.8      ISO 15665:2003  89

6.9.9      BS 5422 89

6.9.10    US         89

6.9.11    EUROPE             89

6.9.12    OTHERS             90

6.10       PORTER’S FIVE FORCES ANALYSIS         90

FIGURE 29         TECHNICAL INSULATION MARKET: PORTER’S FIVE FORCES ANALYSIS          90

6.10.1    THREAT OF SUBSTITUTES         91

6.10.2    BARGAINING POWER OF BUYERS           91

6.10.3    THREAT OF NEW ENTRANTS    91

6.10.4    BARGAINING POWER OF SUPPLIERS     91

6.10.5    INTENSITY OF COMPETITIVE RIVALRY 91

6.11       MACROECONOMIC INDICATORS           92

6.11.1    INTRODUCTION            92

6.11.2    GDP TRENDS AND FORECASTS 92

TABLE 14           WORLD GDP GROWTH PROJECTION, 2021–2028 (USD TRILLION)        92

6.11.3    CONSTRUCTION INDUSTRY AS PERCENTAGE OF GDP AND ITS IMPACT ON TECHNICAL INSULATION  93

TABLE 15           CONSTRUCTION AS PERCENTAGE OF GDP, BY KEY COUNTRY, 2021      93

6.11.4    GLOBAL AUTOMOBILE PRODUCTION AND GROWTH  94

TABLE 16           GLOBAL AUTOMOBILE PRODUCTION (UNITS) AND GROWTH, BY COUNTRY, 2021–2022             94

6.11.5    TRENDS AND FORECAST OF OIL INDUSTRY AND ITS IMPACT ON TECHNICAL INSULATION MARKET       96

FIGURE 30         GLOBAL OIL PRODUCTION, 2017–2021  96

6.12       KEY STAKEHOLDERS AND BUYING CRITERIA    97

6.12.1    KEY STAKEHOLDERS IN BUYING PROCESS         97

FIGURE 31         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS 97

TABLE 17           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS 97

6.12.2    BUYING CRITERIA         98

FIGURE 32         KEY BUYING CRITERIA OF TECHNICAL INSULATION MARKET              98

TABLE 18           KEY BUYING CRITERIA FOR TECHNICAL INSULATION INDUSTRY         98

6.13       CASE STUDY ANALYSIS 99

6.13.1    JOHNS MANVILLE (WASHINGTON, US) 99

6.13.2    ROCKWOOL A/S (GRAND TOWER, FRANKFURT, GERMANY)      100

6.13.3    ROCKWOOL A/S (AMAGER BAKKE, COPENHAGEN)        100

6.13.4    ROCKWOOL A/S (NORTH SEA, GERMANY)         100

6.13.5    OWENS CORNING (BOREALIS, FRANCE)             101

6.13.6    KNAUF GIPP’S  101

7            TECHNICAL INSULATION MARKET, BY APPLICATION   102

7.1         INTRODUCTION            103

FIGURE 33         HVAC TO BE FASTEST-GROWING APPLICATION DURING FORECAST PERIOD       103

TABLE 19           TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (USD MILLION)     103

TABLE 20           TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (USD MILLION)     104

TABLE 21           TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (KILOTON)             104

TABLE 22           TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (KILOTON)             104

7.2         INDUSTRIAL PROCESSES           105

7.2.1      NEED FOR TEMPERATURE, NOISE, AND VIBRATION CONTROL IN INDUSTRIAL PROCESSES TO DRIVE MARKET    105

TABLE 23           INDUSTRIAL PROCESSES: TECHNICAL INSULATION MARKET, BY REGION, 2019–2021 (USD MILLION)  105

TABLE 24           INDUSTRIAL PROCESSES: TECHNICAL INSULATION MARKET, BY REGION, 2022–2028 (USD MILLION)  105

TABLE 25           INDUSTRIAL PROCESSES: TECHNICAL INSULATION MARKET, BY REGION, 2019–2021 (KILOTON)         106

TABLE 26           INDUSTRIAL PROCESSES: TECHNICAL INSULATION MARKET, BY REGION, 2022–2028 (KILOTON)         106

7.3         HEATING & PLUMBING 106

7.3.1      MAINLY USED FOR INSULATING HEATING & PLUMBING SYSTEMS TO ENSURE SAFETY            106

TABLE 27           HEATING & PLUMBING: TECHNICAL INSULATION MARKET, BY REGION, 2019–2021 (USD MILLION)  107

TABLE 28           HEATING & PLUMBING: TECHNICAL INSULATION MARKET, BY REGION, 2022–2028 (USD MILLION)  107

TABLE 29           HEATING & PLUMBING: TECHNICAL INSULATION MARKET, BY REGION, 2019–2021 (KILOTON)         107

TABLE 30           HEATING & PLUMBING: TECHNICAL INSULATION MARKET, BY REGION, 2022–2028 (KILOTON)         108

7.4         ACOUSTIC         108

7.4.1      INCREASING NEED FOR SOUND CONTROL IN PIPES AND DUCTS TO DRIVE MARKET 108

TABLE 31           ACOUSTIC: TECHNICAL INSULATION MARKET, BY REGION, 2019–2021 (USD MILLION)          108

TABLE 32           ACOUSTIC: TECHNICAL INSULATION MARKET, BY REGION, 2022–2028 (USD MILLION)          109

TABLE 33           ACOUSTIC: TECHNICAL INSULATION MARKET, BY REGION, 2019–2021 (KILOTON)   109

TABLE 34           ACOUSTIC: TECHNICAL INSULATION MARKET, BY REGION, 2022–2028 (KILOTON)   109

7.5         HVAC   110

7.5.1      SUPERIOR ACOUSTIC AND THERMAL PERFORMANCE TO DRIVE CONSUMPTION             110

TABLE 35           HVAC: TECHNICAL INSULATION MARKET, BY REGION, 2019–2021 (USD MILLION)     110

TABLE 36           HVAC: TECHNICAL INSULATION MARKET, BY REGION, 2022–2028 (USD MILLION)     110

TABLE 37           HVAC: TECHNICAL INSULATION MARKET, BY REGION, 2019–2021 (KILOTON)             111

TABLE 38           HVAC: TECHNICAL INSULATION MARKET, BY REGION, 2022–2028 (KILOTON)             111

7.6         REFRIGERATION           111

7.6.1      HIGH WATER VAPOR TRANSMISSION AND LOW WATER ABSORPTION CHARACTERISTICS TO BOOST DEMAND            111

TABLE 39           REFRIGERATION: TECHNICAL INSULATION MARKET, BY REGION, 2019–2021 (USD MILLION)       112

TABLE 40           REFRIGERATION: TECHNICAL INSULATION MARKET, BY REGION, 2022–2028 (USD MILLION)       112

TABLE 41           REFRIGERATION: TECHNICAL INSULATION MARKET, BY REGION, 2019–2021 (KILOTON) 113

TABLE 42           REFRIGERATION: TECHNICAL INSULATION MARKET, BY REGION, 2022–2028 (KILOTON) 113

8            TECHNICAL INSULATION MARKET, BY MATERIAL TYPE             114

8.1         INTRODUCTION            115

FIGURE 34         COLD-FLEXIBLE TO BE FASTEST-GROWING MATERIAL TYPE SEGMENT DURING FORECAST PERIOD 115

TABLE 43           TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (USD MILLION)     115

TABLE 44           TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (USD MILLION)     115

TABLE 45           TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (KILOTON)             116

TABLE 46           TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (KILOTON)             116

8.2         HOT INSULATION         116

TABLE 47           HOT INSULATION: TECHNICAL INSULATION MARKET, BY REGION, 2019–2021 (USD MILLION)       116

TABLE 48           HOT INSULATION: TECHNICAL INSULATION MARKET, BY REGION, 2022–2028 (USD MILLION)       117

TABLE 49           HOT INSULATION: TECHNICAL INSULATION MARKET, BY REGION, 2019–2021 (KILOTON) 117

TABLE 50           HOT INSULATION: TECHNICAL INSULATION MARKET, BY REGION, 2022–2028 (KILOTON) 117

8.2.1      FIBERGLASS      118

8.2.1.1   Extensive use in construction industry to drive market 118

8.2.2      STONE WOOL   118

8.2.2.1   Key component in fire-resilient commercial buildings  118

8.2.3      CALCIUM SILICATE       118

8.2.3.1   Used for high-temperature pipes and equipment         118

8.2.4      MICROPOROUS INSULATION    118

8.2.4.1   High demand witnessed in oil & gas sector     118

8.2.5      AEROGEL          119

8.2.5.1   Superior thermal resistance to boost demand 119

8.2.6      VACUUM INSULATED PANEL (VIP)        119

8.2.6.1   Widely used in refrigeration and shipping containers   119

8.3         COLD-FLEXIBLE INSULATION  119

TABLE 51           COLD-FLEXIBLE INSULATION: TECHNICAL INSULATION MARKET, BY REGION, 2019–2021 (USD MILLION)            119

TABLE 52           COLD-FLEXIBLE INSULATION: TECHNICAL INSULATION MARKET, BY REGION, 2022–2028 (USD MILLION)            120

TABLE 53           COLD-FLEXIBLE INSULATION: TECHNICAL INSULATION MARKET, BY REGION, 2019–2021 (KILOTON)      120

TABLE 54           COLD-FLEXIBLE INSULATION: TECHNICAL INSULATION MARKET, BY REGION, 2022–2028 (KILOTON)      120

8.3.1      ELASTOMERIC FOAMS 121

8.3.1.1   Increasing usage in HVAC systems to drive demand    121

8.3.2      ETHYLENE PROPYLENE DIENE MONOMER (EPDM)       121

8.3.2.1   Automotive industry to be major consumer    121

8.3.3      POLYETHYLENE (PE) & CROSS-LINKED POLYETHYLENE (XPE) FOAMS              121

8.3.3.1   Widely used for their versatility, easy processability, low cost, and recyclability              121

8.3.4      POLYPROPYLENE (PP) 121

8.3.4.1   Increasing use in automotive industry to bring new opportunities            121

8.3.5      OTHER POLYOLEFIN (PO) & EXTRUDED POLYOLEFIN (XPO)    122

8.3.5.1   PO & XPO offer lightweight and cost-effective insulation solutions         122

8.4         COLD-RIGID INSULATION         122

TABLE 55          COLD-RIGID INSULATION: TECHNICAL INSULATION MARKET, BY REGION, 2019–2021 (USD MILLION)  122

TABLE 56          COLD-RIGID INSULATION: TECHNICAL INSULATION MARKET, BY REGION, 2022–2028 (USD MILLION)  122

TABLE 57          COLD-RIGID INSULATION: TECHNICAL INSULATION MARKET, BY REGION, 2019–2021 (KILOTON)         123

TABLE 58          COLD-RIGID INSULATION: TECHNICAL INSULATION MARKET, BY REGION, 2022–2028 (KILOTON)         123

8.4.1      POLYURETHANE (PU/PUR) AND POLYISOCYANURATE (PIR) FOAM              123

8.4.1.1   Mainly used for cold pipework applications    123

8.4.2      PHENOLIC FOAM          124

8.4.2.1   Ideal for applications in commercial construction, military aircraft, and naval vessels   124

8.4.3      EXPANDED POLYSTYRENE (EPS)           124

8.4.3.1   Growing commercial construction industry in developing countries to boost demand 124

8.4.4      EXTRUDED POLYSTYRENE (XPS)           124

8.4.4.1   Development of green buildings to drive demand        124

9            TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY      125

9.1         INTRODUCTION            126

FIGURE 35         TRANSPORTATION TO BE FASTEST-GROWING END-USE INDUSTRY DURING FORECAST PERIOD             126

TABLE 59           TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)          126

TABLE 60           TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)          127

TABLE 61           TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)   127

TABLE 62           TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON)   128

9.2         INDUSTRIAL & OEM      128

9.2.1      NEED FOR ENERGY CONSERVATION IN INDUSTRIAL FACILITIES AND OEMS TO DRIVE MARKET          128

TABLE 63           INDUSTRIAL & OEM: TECHNICAL INSULATION MARKET, BY REGION, 2019–2021 (USD MILLION)       128

TABLE 64           INDUSTRIAL & OEM: TECHNICAL INSULATION MARKET, BY REGION, 2022–2028 (USD MILLION)       129

TABLE 65           INDUSTRIAL & OEM: TECHNICAL INSULATION MARKET, BY REGION, 2019–2021 (KILOTON) 129

TABLE 66           INDUSTRIAL & OEM: TECHNICAL INSULATION MARKET, BY REGION, 2022–2028 (KILOTON) 129

9.3         ENERGY             130

TABLE 67           ENERGY: TECHNICAL INSULATION MARKET, BY REGION, 2019–2021 (USD MILLION)          130

TABLE 68           ENERGY: TECHNICAL INSULATION MARKET, BY REGION, 2022–2028 (USD MILLION)          130

TABLE 69           ENERGY: TECHNICAL INSULATION MARKET, BY REGION, 2019–2021 (KILOTON)   130

TABLE 70           ENERGY: TECHNICAL INSULATION MARKET, BY REGION, 2022–2028 (KILOTON)   131

9.3.1      OIL & GAS          131

9.3.1.1   Increase in demand for energy in emerging economies to drive market    131

9.3.2      PETROCHEMICAL         131

9.3.2.1   Rising demand for petrochemicals in various industries to drive consumption              131

9.3.3      OTHERS             132

9.4         TRANSPORTATION       132

TABLE 71           TRANSPORTATION: TECHNICAL INSULATION MARKET, BY REGION, 2019–2021 (USD MILLION)       132

TABLE 72           TRANSPORTATION: TECHNICAL INSULATION MARKET, BY REGION, 2022–2028 (USD MILLION)       133

TABLE 73           TRANSPORTATION: TECHNICAL INSULATION MARKET, BY REGION, 2019–2021 (KILOTON) 133

TABLE 74           TRANSPORTATION: TECHNICAL INSULATION MARKET, BY REGION, 2022–2028 (KILOTON) 133

9.4.1      AUTOMOTIVE  134

9.4.1.1   Growing demand for technologically advanced vehicles to drive market   134

9.4.2      AEROSPACE      134

9.4.2.1   Increasing demand for fuel-efficient aircraft to spur demand     134

9.4.3      MARINE             134

9.4.3.1   Need for heat and fire protection in boats and ships to drive market        134

9.4.4      RAILWAYS         134

9.4.4.1   Enhancing railway efficiency and passenger comfort through technical insulation to drive demand   134

9.5         COMMERCIAL BUILDINGS         135

9.5.1      TECHNICAL INSULATION IN COMMERCIAL BUILDINGS SAVES COST AND PROVIDES THERMAL COMFORT   135

TABLE 75          COMMERCIAL BUILDINGS: TECHNICAL INSULATION MARKET, BY REGION, 2019–2021 (USD MILLION)  135

TABLE 76          COMMERCIAL BUILDINGS: TECHNICAL INSULATION MARKET, BY REGION, 2022–2028 (USD MILLION)  136

TABLE 77          COMMERCIAL BUILDINGS: TECHNICAL INSULATION MARKET, BY REGION, 2019–2021 (KILOTON)         136

TABLE 78          COMMERCIAL BUILDINGS: TECHNICAL INSULATION MARKET, BY REGION, 2022–2028 (KILOTON)         136

10          TECHNICAL INSULATION MARKET, BY REGION              137

10.1       INTRODUCTION            138

FIGURE 36         CHINA TO BE FASTEST-GROWING TECHNICAL INSULATION MARKET            138

TABLE 79           TECHNICAL INSULATION MARKET, BY REGION, 2019–2021 (USD MILLION) 139

TABLE 80           TECHNICAL INSULATION MARKET, BY REGION, 2022–2028 (USD MILLION) 139

TABLE 81           TECHNICAL INSULATION MARKET, BY REGION, 2019–2021 (KILOTON)       139

TABLE 82           TECHNICAL INSULATION MARKET, BY REGION, 2022–2028 (KILOTON)       140

10.2       EUROPE             140

10.2.1    RECESSION IMPACT      141

FIGURE 37         EUROPE: TECHNICAL INSULATION MARKET SNAPSHOT              142

TABLE 83           EUROPE: TECHNICAL INSULATION MARKET, BY COUNTRY, 2019–2021 (USD MILLION)          143

TABLE 84           EUROPE: TECHNICAL INSULATION MARKET, BY COUNTRY, 2022–2028 (USD MILLION)          143

TABLE 85           EUROPE: TECHNICAL INSULATION MARKET, BY COUNTRY, 2019–2021 (KILOTON)   143

TABLE 86           EUROPE: TECHNICAL INSULATION MARKET, BY COUNTRY, 2022–2028 (KILOTON)   144

TABLE 87           EUROPE: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (USD MILLION)             144

TABLE 88           EUROPE: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (USD MILLION)             144

TABLE 89           EUROPE: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (KILOTON)      145

TABLE 90           EUROPE: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (KILOTON)      145

TABLE 91          EUROPE: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (USD MILLION)          145

TABLE 92          EUROPE: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (USD MILLION)          146

TABLE 93          EUROPE: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (KILOTON)   146

TABLE 94          EUROPE: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (KILOTON)   146

TABLE 95           EUROPE: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)   147

TABLE 96           EUROPE: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)   147

TABLE 97           EUROPE: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)          148

TABLE 98           EUROPE: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON)          148

10.2.2    GERMANY         149

10.2.2.1 Investments in chemical & petrochemical industry to drive market           149

TABLE 99           GERMANY: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (USD MILLION)             150

TABLE 100         GERMANY: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (USD MILLION)             150

TABLE 101         GERMANY: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (KILOTON)      150

TABLE 102         GERMANY: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (KILOTON)      150

TABLE 103         GERMANY: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (USD MILLION)           151

TABLE 104         GERMANY: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (USD MILLION)           151

TABLE 105         GERMANY: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (KILOTON)    151

TABLE 106         GERMANY: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (KILOTON)    152

TABLE 107         GERMANY: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)   152

TABLE 108         GERMANY: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)   153

TABLE 109         GERMANY: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)          153

TABLE 110         GERMANY: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON)          154

10.2.3    UK         154

10.2.3.1 Decarbonization activities to boost market     154

TABLE 111         UK: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (USD MILLION)          155

TABLE 112         UK: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (USD MILLION)          155

TABLE 113         UK: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (KILOTON)   155

TABLE 114         UK: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (KILOTON)   156

TABLE 115         UK: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (USD MILLION)          156

TABLE 116         UK: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (USD MILLION)          156

TABLE 117         UK: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (KILOTON)   157

TABLE 118         UK: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (KILOTON)   157

TABLE 119         UK: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)   157

TABLE 120         UK: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)   158

TABLE 121         UK: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)          158

TABLE 122         UK: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON)          159

10.2.4    FRANCE             159

10.2.4.1 Transition to clean economy using renewable energy to boost demand    159

TABLE 123         FRANCE: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (USD MILLION)             160

TABLE 124         FRANCE: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (USD MILLION)             160

TABLE 125         FRANCE: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (KILOTON)      160

TABLE 126         FRANCE: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (KILOTON)      161

TABLE 127        FRANCE: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (USD MILLION)          161

TABLE 128        FRANCE: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (USD MILLION)          161

TABLE 129        FRANCE: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (KILOTON)   162

TABLE 130        FRANCE: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (KILOTON)   162

TABLE 131         FRANCE: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)   162

TABLE 132         FRANCE: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)   163

TABLE 133         FRANCE: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)          163

TABLE 134         FRANCE: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON)          164

10.2.5    RUSSIA 164

10.2.5.1 Growth of industrial sector to fuel demand in major end-use industries    164

TABLE 135         RUSSIA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (USD MILLION)             165

TABLE 136         RUSSIA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (USD MILLION)             165

TABLE 137         RUSSIA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (KILOTON)      165

TABLE 138         RUSSIA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (KILOTON)      165

TABLE 139         RUSSIA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (USD MILLION)          166

TABLE 140         RUSSIA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (USD MILLION)          166

TABLE 141         RUSSIA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (KILOTON)   166

TABLE 142         RUSSIA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (KILOTON)   167

TABLE 143         RUSSIA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)   167

TABLE 144         RUSSIA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)   168

TABLE 145         RUSSIA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)          168

TABLE 146         RUSSIA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON)          169

10.2.6    ITALY   169

10.2.6.1 Transportation to be major consumer            169

TABLE 147        ITALY: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (USD MILLION)          170

TABLE 148        ITALY: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (USD MILLION)          170

TABLE 149        ITALY: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (KILOTON)   170

TABLE 150        ITALY: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (KILOTON)   171

TABLE 151         ITALY: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (USD MILLION)          171

TABLE 152         ITALY: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (USD MILLION)          171

TABLE 153         ITALY: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (KILOTON)   172

TABLE 154         ITALY: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (KILOTON)   172

TABLE 155         ITALY: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)   172

TABLE 156         ITALY: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)   173

TABLE 157         ITALY: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)          173

TABLE 158         ITALY: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON)          174

10.2.7    REST OF EUROPE           174

TABLE 159         REST OF EUROPE: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (USD MILLION)       174

TABLE 160         REST OF EUROPE: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (USD MILLION)       175

TABLE 161         REST OF EUROPE: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (KILOTON) 175

TABLE 162         REST OF EUROPE: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (KILOTON) 175

TABLE 163         REST OF EUROPE: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (USD MILLION)           176

TABLE 164         REST OF EUROPE: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (USD MILLION)           176

TABLE 165         REST OF EUROPE: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (KILOTON)    176

TABLE 166         REST OF EUROPE: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (KILOTON)    177

TABLE 167         REST OF EUROPE: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)         177

TABLE 168         REST OF EUROPE: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)         178

TABLE 169         REST OF EUROPE: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)  178

TABLE 170         REST OF EUROPE: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON)  179

10.3       ASIA PACIFIC    179

10.3.1    RECESSION IMPACT      180

FIGURE 38         ASIA PACIFIC: TECHNICAL INSULATION MARKET SNAPSHOT              180

TABLE 171         ASIA PACIFIC: TECHNICAL INSULATION MARKET, BY COUNTRY, 2019–2021 (USD MILLION)    181

TABLE 172         ASIA PACIFIC: TECHNICAL INSULATION MARKET, BY COUNTRY, 2022–2028 (USD MILLION)    181

TABLE 173         ASIA PACIFIC: TECHNICAL INSULATION MARKET, BY COUNTRY, 2019–2021 (KILOTON)           181

TABLE 174         ASIA PACIFIC: TECHNICAL INSULATION MARKET, BY COUNTRY, 2022–2028 (KILOTON)           182

TABLE 175         ASIA PACIFIC: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (USD MILLION)       182

TABLE 176         ASIA PACIFIC: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (USD MILLION)       182

TABLE 177         ASIA PACIFIC: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (KILOTON) 183

TABLE 178         ASIA PACIFIC: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (KILOTON) 183

TABLE 179         ASIA PACIFIC: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (USD MILLION)           183

TABLE 180         ASIA PACIFIC: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (USD MILLION)           184

TABLE 181         ASIA PACIFIC: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (KILOTON)    184

TABLE 182         ASIA PACIFIC: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (KILOTON)    184

TABLE 183         ASIA PACIFIC: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)   185

TABLE 184         ASIA PACIFIC: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)   185

TABLE 185         ASIA PACIFIC: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)          186

TABLE 186         ASIA PACIFIC: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON)          186

10.3.2    CHINA  187

10.3.2.1 Rapid economic growth to drive market         187

TABLE 187         CHINA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (USD MILLION)             188

TABLE 188         CHINA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (USD MILLION)             188

TABLE 189         CHINA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (KILOTON)      188

TABLE 190         CHINA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (KILOTON)      188

TABLE 191         CHINA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (USD MILLION)          189

TABLE 192         CHINA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (USD MILLION)          189

TABLE 193         CHINA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (KILOTON)   189

TABLE 194         CHINA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (KILOTON)   190

TABLE 195         CHINA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)   190

TABLE 196         CHINA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)   191

TABLE 197         CHINA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)          191

TABLE 198         CHINA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON)          192

10.3.3    INDIA   192

10.3.3.1 Growing urban population to drive market in commercial buildings sector              192

TABLE 199        INDIA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (USD MILLION)          193

TABLE 200        INDIA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (USD MILLION)          193

TABLE 201        INDIA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (KILOTON)   193

TABLE 202        INDIA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (KILOTON)   193

TABLE 203         INDIA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (USD MILLION)          194

TABLE 204         INDIA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (USD MILLION)          194

TABLE 205         INDIA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (KILOTON)   194

TABLE 206         INDIA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (KILOTON)   195

TABLE 207         INDIA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)   195

TABLE 208         INDIA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)   196

TABLE 209         INDIA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)          196

TABLE 210         INDIA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON)          197

10.3.4    JAPAN  197

10.3.4.1 Rise in export of chemical-based products to drive market         197

TABLE 211         JAPAN: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (USD MILLION)             198

TABLE 212         JAPAN: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (USD MILLION)             198

TABLE 213         JAPAN: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (KILOTON)      198

TABLE 214         JAPAN: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (KILOTON)      198

TABLE 215         JAPAN: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (USD MILLION)          199

TABLE 216         JAPAN: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (USD MILLION)          199

TABLE 217         JAPAN: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (KILOTON)   199

TABLE 218         JAPAN: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (KILOTON)   200

TABLE 219         JAPAN: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)   200

TABLE 220         JAPAN: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)   201

TABLE 221         JAPAN: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)          201

TABLE 222         JAPAN: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON)          202

10.3.5    SOUTH KOREA 202

10.3.5.1 Infrastructural developments and rapid industrialization to propel market              202

TABLE 223         SOUTH KOREA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (USD MILLION)       203

TABLE 224         SOUTH KOREA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (USD MILLION)       203

TABLE 225         SOUTH KOREA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (KILOTON) 203

TABLE 226         SOUTH KOREA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (KILOTON) 203

TABLE 227         SOUTH KOREA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (USD MILLION)           204

TABLE 228         SOUTH KOREA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (USD MILLION)           204

TABLE 229         SOUTH KOREA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (KILOTON)    204

TABLE 230         SOUTH KOREA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (KILOTON)    205

TABLE 231         SOUTH KOREA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)         205

TABLE 232         SOUTH KOREA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)         206

TABLE 233         SOUTH KOREA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)  206

TABLE 234         SOUTH KOREA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON)  207

10.3.6    VIETNAM          207

10.3.6.1 Investments across end-use industries to drive market 207

TABLE 235         VIETNAM: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (USD MILLION)             208

TABLE 236         VIETNAM: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (USD MILLION)             208

TABLE 237         VIETNAM: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (KILOTON)      208

TABLE 238         VIETNAM: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (KILOTON)      209

TABLE 239         VIETNAM: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (USD MILLION)           209

TABLE 240         VIETNAM: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (USD MILLION)           209

TABLE 241         VIETNAM: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (KILOTON)    210

TABLE 242         VIETNAM: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (KILOTON)    210

TABLE 243         VIETNAM: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)   210

TABLE 244         VIETNAM: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)   211

TABLE 245         VIETNAM: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)          211

TABLE 246         VIETNAM: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON)          212

10.3.7    REST OF ASIA PACIFIC  212

TABLE 247         REST OF ASIA PACIFIC: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (USD MILLION)       213

TABLE 248         REST OF ASIA PACIFIC: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (USD MILLION)       213

TABLE 249         REST OF ASIA PACIFIC: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (KILOTON) 213

TABLE 250         REST OF ASIA PACIFIC: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (KILOTON) 214

TABLE 251         REST OF ASIA PACIFIC: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (USD MILLION)           214

TABLE 252         REST OF ASIA PACIFIC: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (USD MILLION)           214

TABLE 253         REST OF ASIA PACIFIC: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (KILOTON)    215

TABLE 254         REST OF ASIA PACIFIC: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (KILOTON)    215

TABLE 255         REST OF ASIA PACIFIC: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION) 215

TABLE 256         REST OF ASIA PACIFIC: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 216

TABLE 257         REST OF ASIA PACIFIC: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)       216

TABLE 258         REST OF ASIA PACIFIC: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON)       217

10.4       NORTH AMERICA          217

10.4.1    RECESSION IMPACT      217

FIGURE 39         NORTH AMERICA: TECHNICAL INSULATION MARKET SNAPSHOT        218

TABLE 259         NORTH AMERICA: TECHNICAL INSULATION MARKET, BY COUNTRY, 2019–2021 (USD MILLION)    218

TABLE 260         NORTH AMERICA: TECHNICAL INSULATION MARKET, BY COUNTRY, 2022–2028 (USD MILLION)    219

TABLE 261         NORTH AMERICA: TECHNICAL INSULATION MARKET, BY COUNTRY, 2019–2021 (KILOTON)           219

TABLE 262         NORTH AMERICA: TECHNICAL INSULATION MARKET, BY COUNTRY, 2022–2028 (KILOTON)           219

TABLE 263         NORTH AMERICA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (USD MILLION)       219

TABLE 264         NORTH AMERICA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (USD MILLION)       220

TABLE 265         NORTH AMERICA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (KILOTON) 220

TABLE 266         NORTH AMERICA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (KILOTON) 220

TABLE 267         NORTH AMERICA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (USD MILLION)           221

TABLE 268         NORTH AMERICA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (USD MILLION)           221

TABLE 269         NORTH AMERICA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (KILOTON)    221

TABLE 270         NORTH AMERICA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (KILOTON)    222

TABLE 271         NORTH AMERICA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION) 222

TABLE 272         NORTH AMERICA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION) 223

TABLE 273         NORTH AMERICA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)       223

TABLE 274         NORTH AMERICA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON)       224

10.4.2    US         224

10.4.2.1 Highest demand for technical insulation in North America        224

TABLE 275         US: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (USD MILLION)          225

TABLE 276         US: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (USD MILLION)          225

TABLE 277         US: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (KILOTON)   225

TABLE 278         US: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (KILOTON)   225

TABLE 279         US: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (USD MILLION)          226

TABLE 280         US: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (USD MILLION)          226

TABLE 281         US: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (KILOTON)   226

TABLE 282         US: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (KILOTON)   227

TABLE 283         US: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)   227

TABLE 284         US: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)   228

TABLE 285         US: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)          228

TABLE 286         US: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON)          229

10.4.3    CANADA            229

10.4.3.1 Abundant availability of feedstock to boost demand     229

TABLE 287         CANADA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (USD MILLION)             230

TABLE 288         CANADA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (USD MILLION)             230

TABLE 289         CANADA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (KILOTON)      230

TABLE 290         CANADA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (KILOTON)      230

TABLE 291         CANADA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (USD MILLION)           231

TABLE 292         CANADA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (USD MILLION)           231

TABLE 293         CANADA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (KILOTON)    231

TABLE 294         CANADA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (KILOTON)    232

TABLE 295         CANADA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)   232

TABLE 296         CANADA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)   233

TABLE 297         CANADA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)          233

TABLE 298         CANADA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON)          234

10.4.4    MEXICO             234

10.4.4.1 Government initiatives for investments in power sector             234

TABLE 299         MEXICO: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (USD MILLION)             235

TABLE 300         MEXICO: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (USD MILLION)             235

TABLE 301         MEXICO: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (KILOTON)      235

TABLE 302         MEXICO: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (KILOTON)      236

TABLE 303        MEXICO: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (USD MILLION)          236

TABLE 304        MEXICO: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (USD MILLION)          236

TABLE 305        MEXICO: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (KILOTON)   237

TABLE 306        MEXICO: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (KILOTON)   237

TABLE 307         MEXICO: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)   237

TABLE 308         MEXICO: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)   238

TABLE 309         MEXICO: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)          238

TABLE 310         MEXICO: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON)          239

10.5       MIDDLE EAST & AFRICA             239

10.5.1    RECESSION IMPACT      239

TABLE 311         MIDDLE EAST & AFRICA: TECHNICAL INSULATION MARKET, BY COUNTRY, 2019–2021 (USD MILLION)            240

TABLE 312         MIDDLE EAST & AFRICA: TECHNICAL INSULATION MARKET, BY COUNTRY, 2022–2028 (USD MILLION)            240

TABLE 313         MIDDLE EAST & AFRICA: TECHNICAL INSULATION MARKET, BY COUNTRY, 2019–2021 (KILOTON)     241

TABLE 314         MIDDLE EAST & AFRICA: TECHNICAL INSULATION MARKET, BY COUNTRY, 2022–2028 (KILOTON)     241

TABLE 315         MIDDLE EAST & AFRICA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (USD MILLION) 241

TABLE 316         MIDDLE EAST & AFRICA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (USD MILLION) 242

TABLE 317         MIDDLE EAST & AFRICA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (KILOTON)        242

TABLE 318         MIDDLE EAST & AFRICA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (KILOTON)        242

TABLE 319         MIDDLE EAST & AFRICA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (USD MILLION)     243

TABLE 320         MIDDLE EAST & AFRICA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (USD MILLION)     243

TABLE 321         MIDDLE EAST & AFRICA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (KILOTON)            243

TABLE 322         MIDDLE EAST & AFRICA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (KILOTON)            244

TABLE 323         MIDDLE EAST & AFRICA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)        244

TABLE 324         MIDDLE EAST & AFRICA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)        245

TABLE 325         MIDDLE EAST & AFRICA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON) 245

TABLE 326         MIDDLE EAST & AFRICA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON) 246

10.5.2    SAUDI ARABIA  246

10.5.2.1 Saudi Vision 2030 to contribute to significant rise in demand    246

TABLE 327         SAUDI ARABIA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (USD MILLION)       247

TABLE 328         SAUDI ARABIA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (USD MILLION)       247

TABLE 329         SAUDI ARABIA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (KILOTON) 247

TABLE 330         SAUDI ARABIA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (KILOTON) 248

TABLE 331         SAUDI ARABIA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (USD MILLION)           248

TABLE 332         SAUDI ARABIA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (USD MILLION)           248

TABLE 333         SAUDI ARABIA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (KILOTON)    249

TABLE 334         SAUDI ARABIA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (KILOTON)    249

TABLE 335         SAUDI ARABIA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)         249

TABLE 336         SAUDI ARABIA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)         250

TABLE 337         SAUDI ARABIA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)  250

TABLE 338         SAUDI ARABIA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON)  251

10.5.3    SOUTH AFRICA 251

10.5.3.1 Developments in chemical and petrochemical sectors  251

TABLE 339         SOUTH AFRICA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (USD MILLION)       252

TABLE 340         SOUTH AFRICA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (USD MILLION)       252

TABLE 341         SOUTH AFRICA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (KILOTON) 252

TABLE 342         SOUTH AFRICA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (KILOTON) 252

TABLE 343         SOUTH AFRICA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (USD MILLION)           253

TABLE 344         SOUTH AFRICA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (USD MILLION)           253

TABLE 345         SOUTH AFRICA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (KILOTON)    253

TABLE 346         SOUTH AFRICA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (KILOTON)    254

TABLE 347         SOUTH AFRICA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)         254

TABLE 348         SOUTH AFRICA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)         255

TABLE 349         SOUTH AFRICA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)  255

TABLE 350         SOUTH AFRICA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON)  256

10.5.4    EGYPT 256

10.5.4.1 Increasing investments in power generation   256

TABLE 351         EGYPT: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (USD MILLION)             256

TABLE 352         EGYPT: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (USD MILLION)             257

TABLE 353         EGYPT: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (KILOTON)      257

TABLE 354         EGYPT: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (KILOTON)      257

TABLE 355         EGYPT: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (USD MILLION)          257

TABLE 356         EGYPT: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (USD MILLION)          258

TABLE 357         EGYPT: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (KILOTON)   258

TABLE 358         EGYPT: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (KILOTON)   258

TABLE 359         EGYPT: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)   259

TABLE 360         EGYPT: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)   259

TABLE 361         EGYPT: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)          260

TABLE 362         EGYPT: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON)          260

10.5.5    REST OF MIDDLE EAST & AFRICA           261

TABLE 363         REST OF MIDDLE EAST & AFRICA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (USD MILLION)            261

TABLE 364         REST OF MIDDLE EAST & AFRICA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (USD MILLION)            261

TABLE 365         REST OF MIDDLE EAST & AFRICA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (KILOTON)     261

TABLE 366         REST OF MIDDLE EAST & AFRICA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (KILOTON)     262

TABLE 367         REST OF MIDDLE EAST & AFRICA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (USD MILLION)  262

TABLE 368         REST OF MIDDLE EAST & AFRICA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (USD MILLION)  262

TABLE 369         REST OF MIDDLE EAST & AFRICA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (KILOTON)         263

TABLE 370         REST OF MIDDLE EAST & AFRICA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (KILOTON)         263

TABLE 371         REST OF MIDDLE EAST & AFRICA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)     263

TABLE 372         REST OF MIDDLE EAST & AFRICA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)     264

TABLE 373         REST OF MIDDLE EAST & AFRICA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)            264

TABLE 374         REST OF MIDDLE EAST & AFRICA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON)            265

10.6       SOUTH AMERICA           265

10.6.1    RECESSION IMPACT      266

TABLE 375         SOUTH AMERICA: TECHNICAL INSULATION MARKET, BY COUNTRY, 2019–2021 (USD MILLION)    266

TABLE 376         SOUTH AMERICA: TECHNICAL INSULATION MARKET, BY COUNTRY, 2022–2028 (USD MILLION)    266

TABLE 377         SOUTH AMERICA: TECHNICAL INSULATION MARKET, BY COUNTRY, 2019–2021 (KILOTON)           266

TABLE 378         SOUTH AMERICA: TECHNICAL INSULATION MARKET, BY COUNTRY, 2022–2028 (KILOTON)           267

TABLE 379         SOUTH AMERICA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (USD MILLION)       267

TABLE 380         SOUTH AMERICA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (USD MILLION)       267

TABLE 381         SOUTH AMERICA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (KILOTON) 268

TABLE 382         SOUTH AMERICA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (KILOTON) 268

TABLE 383         SOUTH AMERICA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (USD MILLION)           268

TABLE 384         SOUTH AMERICA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (USD MILLION)           269

TABLE 385         SOUTH AMERICA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (KILOTON)    269

TABLE 386         SOUTH AMERICA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (KILOTON)    269

TABLE 387         SOUTH AMERICA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)         270

TABLE 388         SOUTH AMERICA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)         270

TABLE 389         SOUTH AMERICA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)  271

TABLE 390         SOUTH AMERICA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON)  271

10.6.2    BRAZIL 272

10.6.2.1 Growing investments across end-use industries            272

TABLE 391         BRAZIL: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (USD MILLION)             272

TABLE 392         BRAZIL: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (USD MILLION)             273

TABLE 393         BRAZIL: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (KILOTON)      273

TABLE 394         BRAZIL: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (KILOTON)      273

TABLE 395         BRAZIL: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (USD MILLION)          273

TABLE 396         BRAZIL: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (USD MILLION)          274

TABLE 397         BRAZIL: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (KILOTON)   274

TABLE 398         BRAZIL: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (KILOTON)   274

TABLE 399         BRAZIL: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)   275

TABLE 400         BRAZIL: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)   275

TABLE 401         BRAZIL: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)          276

TABLE 402         BRAZIL: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON)          276

10.6.3    ARGENTINA      277

10.6.3.1 Increasing investments in nuclear power plants, construction sector, and growing chemical sector    277

TABLE 403         ARGENTINA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (USD MILLION)       277

TABLE 404         ARGENTINA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (USD MILLION)       278

TABLE 405         ARGENTINA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (KILOTON) 278

TABLE 406         ARGENTINA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (KILOTON) 278

TABLE 407         ARGENTINA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (USD MILLION)           279

TABLE 408         ARGENTINA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (USD MILLION)           279

TABLE 409         ARGENTINA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (KILOTON)    279

TABLE 410         ARGENTINA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (KILOTON)    280

TABLE 411         ARGENTINA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)   280

TABLE 412         ARGENTINA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)   281

TABLE 413         ARGENTINA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)          281

TABLE 414         ARGENTINA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON)          282

10.6.4    REST OF SOUTH AMERICA         282

TABLE 415         REST OF SOUTH AMERICA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (USD MILLION) 282

TABLE 416         REST OF SOUTH AMERICA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (USD MILLION) 283

TABLE 417         REST OF SOUTH AMERICA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2019–2021 (KILOTON)        283

TABLE 418         REST OF SOUTH AMERICA: TECHNICAL INSULATION MARKET, BY MATERIAL TYPE, 2022–2028 (KILOTON)        283

TABLE 419         REST OF SOUTH AMERICA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (USD MILLION)     284

TABLE 420         REST OF SOUTH AMERICA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (USD MILLION)     284

TABLE 421         REST OF SOUTH AMERICA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2019–2021 (KILOTON)            284

TABLE 422         REST OF SOUTH AMERICA: TECHNICAL INSULATION MARKET, BY APPLICATION, 2022–2028 (KILOTON)            285

TABLE 423         REST OF SOUTH AMERICA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)        285

TABLE 424         REST OF SOUTH AMERICA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)        286

TABLE 425         REST OF SOUTH AMERICA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON) 286

TABLE 426         REST OF SOUTH AMERICA: TECHNICAL INSULATION MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTON) 287

11          COMPETITIVE LANDSCAPE       288

11.1       OVERVIEW        288

11.2       KEY PLAYER STRATEGIES/RIGHT TO WIN          288

TABLE 427         STRATEGIC POSITIONING OF KEY PLAYERS      288

11.3       REVENUE ANALYSIS OF KEY PLAYERS   290

FIGURE 40         REVENUE ANALYSIS OF KEY COMPANIES IN TECHNICAL INSULATION MARKET  290

11.4       MARKET SHARE ANALYSIS         291

FIGURE 41         TECHNICAL INSULATION MARKET SHARE ANALYSIS    291

TABLE 428         TECHNICAL INSULATION MARKET: DEGREE OF COMPETITION 292

11.5       COMPANY EVALUATION MATRIX          292

11.5.1    STARS  292

11.5.2    EMERGING LEADERS    292

11.5.3    PERVASIVE PLAYERS     292

11.5.4    PARTICIPANTS 293

FIGURE 42         COMPANY EVALUATION MATRIX: TECHNICAL INSULATION MARKET, 2022  293

11.5.5    COMPANY FOOTPRINT 294

FIGURE 43         TECHNICAL INSULATION MARKET: PRODUCT FOOTPRINT OF KEY PLAYERS   294

TABLE 429         TECHNICAL INSULATION MARKET: COMPANY FOOTPRINT OF KEY PLAYERS, BY APPLICATION             295

TABLE 430         TECHNICAL INSULATION MARKET: COMPANY FOOTPRINT OF KEY PLAYERS, BY REGION          296

11.6       STARTUP/SME EVALUATION MATRIX   297

11.6.1    PROGRESSIVE COMPANIES       297

11.6.2    RESPONSIVE COMPANIES          297

11.6.3    DYNAMIC COMPANIES 297

11.6.4    STARTING BLOCKS       297

FIGURE 44         STARTUPS/SMES EVALUATION MATRIX: TECHNICAL INSULATION MARKET, 2022      298

11.6.5    COMPETITIVE BENCHMARKING            299

TABLE 431         TECHNICAL INSULATION MARKET: DETAILED LIST OF KEY STARTUPS/SMES           299

TABLE 432         TECHNICAL INSULATION MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES        300

11.7       COMPETITIVE SCENARIO          301

11.7.1    DEALS  301

TABLE 433         DEALS, 2018–2023           301

11.7.2    PRODUCT LAUNCHES  308

TABLE 434         PRODUCT LAUNCHES, 2018–2023           308

12          COMPANY PROFILES    310

(Business overview, Products/Solutions/Services offered, Recent developments & MnM View)*

12.1       KEY PLAYERS   310

12.1.1    ROCKWOOL A/S            310

TABLE 435         ROCKWOOL A/S: COMPANY OVERVIEW             310

FIGURE 45         ROCKWOOL A/S: COMPANY SNAPSHOT             311

TABLE 436         ROCKWOOL A/S: DEALS             313

TABLE 437         ROCKWOOL A/S: PRODUCT LAUNCHES             313

TABLE 438         ROCKWOOL A/S: OTHERS         313

12.1.2    SAINT-GOBAIN (ISOVER)           315

TABLE 439         SAINT-GOBAIN (ISOVER): COMPANY OVERVIEW            315

FIGURE 46         SAINT-GOBAIN (ISOVER): COMPANY SNAPSHOT           315

TABLE 440         SAINT-GOBAIN (ISOVER): DEALS           317

TABLE 441         SAINT-GOBAIN (ISOVER): PRODUCT LAUNCHES            319

TABLE 442         SAINT-GOBAIN (ISOVER): OTHERS        319

12.1.3    OWENS CORNING          321

TABLE 443         OWENS CORNING: COMPANY OVERVIEW          321

FIGURE 47         OWENS CORNING: COMPANY SNAPSHOT          322

TABLE 444         OWENS CORNING: DEALS          323

TABLE 445         OWENS CORNING: PRODUCT LAUNCHES          325

TABLE 446         OWENS CORNING: OTHERS       325

12.1.4    KNAUF INSULATION     327

TABLE 447         KNAUF INSULATION: COMPANY OVERVIEW     327

TABLE 448         KNAUF INSULATION: DEALS     328

TABLE 449         KNAUF INSULATION: PRODUCT LAUNCHES     329

TABLE 450         KNAUF INSULATION: OTHERS  329

12.1.5    KINGSPAN GROUP PLC 331

TABLE 451         KINGSPAN GROUP PLC: COMPANY OVERVIEW 331

FIGURE 48         KINGSPAN GROUP PLC: COMPANY SNAPSHOT 332

TABLE 452         KINGSPAN GROUP PLC: DEALS 333

12.1.6    ARMACELL       336

TABLE 453         ARMACELL: COMPANY OVERVIEW        336

FIGURE 49         ARMACELL: COMPANY SNAPSHOT        337

TABLE 454         ARMACELL: DEALS        339

TABLE 455         ARMACELL: PRODUCT LAUNCHES        341

TABLE 456         ARMACELL: OTHERS    342

12.1.7    L’ISOLANTE K-FLEX S.P.A.         344

TABLE 457         L’ISOLANTE K-FLEX S.P.A.: COMPANY OVERVIEW          344

12.1.8    MORGAN ADVANCED MATERIALS PLC 347

TABLE 458         MORGAN ADVANCED MATERIALS PLC: COMPANY OVERVIEW              347

FIGURE 50         MORGAN ADVANCED MATERIALS PLC: COMPANY SNAPSHOT              347

TABLE 459         MORGAN ADVANCED MATERIALS PLC: DEALS 350

TABLE 460         MORGAN ADVANCED MATERIALS PLC: OTHERS            350

12.1.9    ETEX GROUP    351

TABLE 461         ETEX GROUP: COMPANY OVERVIEW     351

FIGURE 51         ETEX GROUP: COMPANY SNAPSHOT    352

TABLE 462         ETEX GROUP: DEALS    355

12.1.10  ASPEN AEROGELS, INC. 357

TABLE 463         ASPEN AEROGELS, INC.: COMPANY OVERVIEW 357

FIGURE 52         ASPEN AEROGELS, INC.: COMPANY SNAPSHOT 358

TABLE 464         ASPEN AEROGELS, INC.: DEALS 361

TABLE 465         ASPEN AEROGELS, INC.: OTHERS           361

*Details on Business overview, Products/Solutions/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.

12.2       OTHER PLAYERS           362

12.2.1    JOHNS MANVILLE         362

TABLE 466         JOHNS MANVILLE: COMPANY OVERVIEW          362

12.2.2    RECTICEL NV/SA           363

TABLE 467         RECTICEL NV/SA: COMPANY OVERVIEW            363

12.2.3    NMC INTERNATIONAL SA          363

TABLE 468         NMC INTERNATIONAL SA: COMPANY OVERVIEW          363

12.2.4    PALZIV INC.      364

TABLE 469         PALZIV INC: COMPANY OVERVIEW        364

12.2.5    UNIFRAX            365

TABLE 470         UNIFRAX: COMPANY OVERVIEW            365

12.2.6    DURKEE (WUHAN) INSULATION MATERIAL CO., LTD.  366

TABLE 471         DURKEE (WUHAN) INSULATION MATERIAL CO., LTD.: COMPANY OVERVIEW  366

12.2.7    HUAMEI ENERGY-SAVING TECHNOLOGY GROUP CO., LTD.      367

TABLE 472         HUAMEI ENERGY-SAVING TECHNOLOGY GROUP CO., LTD.: COMPANY OVERVIEW  367

12.2.8    WINCELL INSULATION CO. LTD.            368

12.2.9    TEMATI             368

TABLE 473         TEMATI: COMPANY OVERVIEW 368

12.2.10  INSULCON BV   369

TABLE 474         INSULCON BV: COMPANY OVERVIEW   369

12.2.11  GLASSROCK INSULATION COMPANY SAE          369

TABLE 475         GLASSROCK INSULATION COMPANY SAE: COMPANY OVERVIEW        369

12.2.12  NICHIAS CORPORATION            370

TABLE 476         NICHIAS CORPORATION: COMPANY OVERVIEW            370

12.2.13  PGF INSULATION          371

TABLE 477         PGF INSULATION: COMPANY OVERVIEW           371

12.2.14  ARABIAN FIBERGLASS INSULATION COMPANY LTD      372

TABLE 478         ARABIAN FIBERGLASS INSULATION COMPANY LTD: COMPANY OVERVIEW  372

12.2.15  AEROFOAM USA LLC    373

TABLE 479         AEROFOAM USA LLC: COMPANY OVERVIEW     373

13          ADJACENT & RELATED MARKET            374

13.1       INTRODUCTION            374

13.2       LIMITATIONS   375

13.3       PIPE INSULATION MARKET       375

13.3.1    MARKET DEFINITION   375

13.3.2    MARKET OVERVIEW     375

TABLE 480         PIPE INSULATION MARKET, BY MATERIAL TYPE, 2016–2020 (USD THOUSAND)        376

TABLE 481         PIPE INSULATION MARKET, BY MATERIAL TYPE, 2021–2027 (USD THOUSAND)        376

TABLE 482         PIPE INSULATION MARKET, BY APPLICATION, 2016–2020 (USD THOUSAND)     377

TABLE 483         PIPE INSULATION MARKET, BY APPLICATION, 2021–2027 (USD THOUSAND)     377

TABLE 484         PIPE INSULATION MARKET, BY REGION, 2016–2020 (USD THOUSAND)     377

TABLE 485         PIPE INSULATION MARKET, BY REGION, 2021–2027 (USD THOUSAND)     378

14          APPENDIX         379

14.1       DISCUSSION GUIDE      379

14.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             382

14.3       CUSTOMIZATION OPTIONS      384

14.4       RELATED REPORTS       384

14.5       AUTHOR DETAILS         385