The North America industrial insulation market is expected to grow from US$ 1,277.07 million in 2022 to US$ 1,616.60 million by 2028. It is estimated to grow at a CAGR of 4.0% from 2022 to 2028.
Strict Regulation Mandating the Use of Insulation Materials for Energy Conservation
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Insulation materials provide resistance to heat flow and it also helps in lowering heating and cooling costs. Strict regulations for the mandatory use of insulation materials for energy saving purposes are the major factor contributing to the growth of the industrial insulation market. Energy saving regulations and the need for insulation materials in end-use industries such as oil and gas, chemical and petrochemical, food and beverage are driving the market growth. Additionally, standards established by various associations apply to the design of equipment in the industry, to overhaul and implement to boost the growth of the industrial insulation market across the region.
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Aspen Aerogels Inc.
Cabot Corporation
Johns Manville
Kingspan Group
Knauf Insulation
McAllister Mills Inc.
Nichias Corporation
ROCKWOOL A/S
Saint Gobain S.A.
Thomas Group
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Author: switi patil
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