The global tank insulation market is anticipated to grow at a considerable CAGR of 5.0% during the forecast period (2024-2031).The rising awareness of environmental sustainability and conservation of energy has encouraged industries to invest in tank insulation to reduce the carbon footprint and full-fill the regulatory standards. The demand for tank insulation solutions is focusing on efficiency and sustainability. In November 2023, Kingspan launches HemKor range which includes the first bio-based insulation product. Hemkor is mostly made of hemp which helps in driving down the embodied carbon of buildings.
The adoption of digitization and smart technology in insulation systems shows a major development for the sector. The developments are intended to maximize performance, increase cost-effectiveness, and boost energy efficiency in industrial environments. The use of smart sensors in insulation systems is one such instance of this integration. The purpose of these sensors is to track and gather information on temperature, humidity, and other pertinent factors. Industrial establishments can use this data to get real-time insights into how well the insulation systems are working. In October 2022, BASF announced launch of new products such as Elastopor, Elastopir and Elastospray to makeinsulation more sustainable. It containsrecycled plastics and has intelligent insulation which is the central feature for modern construction. Such developments are aiding to the global market growth.
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Market Coverage
The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered-
By Material Type
By Temperature
By End-use
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- The major companies in the global tank insulation market include Basf SE, Johns Manville, Omkar Puf Insulation Pvt. Ltd, Isolatie Combinatie Beverwijk B.V, Armacell among others.
Tank Insulation Market Report Segment
By Material Type
Polyurethane
Fiberglass
Rockwool
Elastomeric Foam
Expanded Polystyrene
Others (Cellular Glass, Polyisocyanurate PIR)
By Temperature
Cold Insulation
Hot Insulation
By End-use
Chemical
Oil and Gas
Food and Beverages
Energy and Power
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Tank Insulation Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
Armacell
Cabot Corp.
Covestro AG
Dunmore
Gilsulate International Inc.
Huntsman International LLC
Kingspan Group
Knauf Insulation
NMC International SA
Omkar Puf Insulation Pvt. Ltd.
Owens Corning
Rochling SE & Co. KG
Rockwool AS
Saint-Gobain SA
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More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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