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Europe Industrial Insulation Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Raw Material (Wool, Foams, Fibres, and Others), Product (Pipe, Board, Blanket, and Others), and End User (Power Generation, Chemical and Petrochemical, Cement, Food and Beverage, and Others)

The Europe industrial insulation market is expected to grow from US$ 1,516.57 million in 2022 to US$ 1,968.72 million by 2028. It is estimated to grow at a CAGR of 4.4% from 2022 to 2028.

Increasing Demand from Power Generation Sector

Industrial insulated covers are an excellent option to save electricity, maintain process temperature, reduce heat loss, and improve workplace safety. Industrial Insulation is used in various power generation applications, including gas and steam turbines, pipelines, exhaust manifolds, diesel turbo covers, slide and flange valves, insulating sleeves, and heat exchangers where heat retention and process temperature are of concern. Therefore, the rising urbanization; industrialization; and emerging strict energy conservation regulations in various economies propel the application of industrial insulation in power generation. The energy demand rose by 0.9% in 2019, and electricity demand grew by 1.4% in 2019, according to the International Energy Agency (IEA). According to Statista overall electricity production is anticipated to grow over the next five years owing to the rising demand from the residential and commercial sectors, as well as from industrial estates with improving access to electricity in emerging economies. In several countries, demand for electricity increased in 2019. Therefore, the rising demand for energy and power generation in developed and emerging economies across the region drives the industrial insulation market growth.

Market Overview

The Europe industrial insulation market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The market in the region is mainly driven by the increasing use of industrial insulation products from many applications sectors, including power generation, chemical & petrochemical, food & beverage, and aerospace. According to the European Environment Agency (EEA), between 2005 and 2016, electricity generation increased by an average of 7.1 % per year in Iceland and 0.7 % per year in Norway. According to the Ember, in the European Union, in 2021, electricity generated from renewable sources reached a new high of 1,068 TWh, a 1% increase year-on-year, and a 9% increase compared to 2019. Renewables accounted for 37% of European Union electricity production in 2021, up from 34% in 2019. In European Union, wind and solar power have been mainly responsible for the majority of the renewable’s growth since 2019. Spain, the Netherlands, Greece, and many countries have become the new engines of European Union’s wind and solar power growth. According to the McKinsey & Company, the electricity demand is expected to increase steadily in Europe, at a CAGR of about 2% by 2035. The major factors behind the surge will be the electrification of transport and a ramp-up in the production of green hydrogen through electrolysis, requiring renewable power. Thus, rising power and electricity demand and generation in Europe mainly drives the need for industrial insulation products.

Europe Industrial Insulation Market Revenue and Forecast to 2028 (US$ Million)

Europe Industrial Insulation Market Segmentation

The Europe industrial insulation market is segmented based on raw material, product, end user, and country.

Based on raw material, the Europe industrial insulation market is segmented into wool, foams, fibres, and others. The foams segment held the largest market share in 2022. Based on product, the Europe industrial insulation market is segmented into pipe, board, blanket, and others. The pipe segment held the largest market share in 2022. Based on end user, the Europe industrial insulation market is segmented into power generation, chemical and petrochemical, cement, food and beverage, and others. The power generation segment held the largest market share in 2022. Based on country, the Europe industrial insulation market has been categorized into the UK, Germany, France, Italy, Russia, and rest of Europe. Our regional analysis states that rest of Europe dominated the market share in 2022. Aspen Aerogels Inc., Cabot Corporation, Johns Manville, Kingspan Group, Knauf Insulation, Nichias Corporation, ROCKWOOL A/S, and Saint Gobain S.A. are the leading companies operating in the Europe industrial insulation market.

TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Industrial Insulation Market, by Raw Material
1.3.2 Europe Industrial Insulation Market, by Product
1.3.3 Europe Industrial Insulation Market, by End User
1.3.4 Europe Industrial Insulation Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Europe Industrial Insulation Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Expert Opinion
5. Europe Industrial Insulation Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand from Power Generation Sector
5.1.2 Strict Regulation Mandating the Use of Insulation Materials for Energy Conservation
5.2 Market Restraints
5.2.1 High Capital Cost and Lack of Skilled Labor for Installation
5.3 Market Opportunities
5.3.1 Increased Infrastructural Spending in Emerging Economies
5.4 Future Trends
5.4.1 Development of New Products with Latest Technology
5.5 Impact Analysis
6. Industrial Insulation Market – Europe Analysis
6.1 Europe Industrial Insulation Market Overview
7. Europe Industrial Insulation Market Analysis – By Raw Material
7.1 Overview
7.2 Europe Industrial Insulation Market, By Raw Material (2021 and 2028)
7.3 Wool
7.3.1 Overview
7.3.2 Wool: Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Foams
7.4.1 Overview
7.4.2 Foams: Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Fibres and Others
7.5.1 Overview
7.5.2 Fibres and Others: Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Industrial Insulation Market Analysis – By Product
8.1 Overview
8.2 Europe Industrial Insulation Market, By Product (2021 and 2028)
8.3 Pipe
8.3.1 Overview
8.3.2 Pipe: Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Board
8.4.1 Overview
8.4.2 Board: Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Blanket
8.5.1 Overview
8.5.2 Blanket: Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Industrial Insulation Market Analysis – By End User
9.1 Overview
9.2 Europe Industrial Insulation Market, By End User (2021 and 2028)
9.3 Power Generation
9.3.1 Overview
9.3.2 Power Generation: Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Chemical and Petrochemical
9.4.1 Overview
9.4.2 Chemical and Petrochemical: Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Cement
9.5.1 Overview
9.5.2 Cement: Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Food and Beverage
9.6.1 Overview
9.6.2 Food and Beverage: Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)
10. Europe Industrial Insulation Market – Country Analysis
10.1 Overview
10.1.1 Europe: Industrial Insulation Market, by Key Country
10.1.1.1 Germany: Industrial Insulation Market–Analysis and Forecast to 2028 (US$ Million)
10.1.1.1.1 Germany: Industrial Insulation Market, by Raw Material
10.1.1.1.2 Germany: Industrial Insulation Market, by Product
10.1.1.1.3 Germany: Industrial Insulation Market, by End-User
10.1.1.2 France: Industrial Insulation Market–Analysis and Forecast to 2028 (US$ Million)
10.1.1.2.1 France: Industrial Insulation Market, by Raw Material
10.1.1.2.2 France: Industrial Insulation Market, by Product
10.1.1.2.3 France: Industrial Insulation Market, by End-User
10.1.1.3 UK: Industrial Insulation Market–Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 UK: Industrial Insulation Market, by Raw Material
10.1.1.3.2 UK: Industrial Insulation Market, by Product
10.1.1.3.3 UK: Industrial Insulation Market, by End-User
10.1.1.4 Italy: Industrial Insulation Market–Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Italy: Industrial Insulation Market, by Raw Material
10.1.1.4.2 Italy: Industrial Insulation Market, by Product
10.1.1.4.3 Italy: Industrial Insulation Market, by End-User
10.1.1.5 Russia: Industrial Insulation Market–Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Russia: Industrial Insulation Market, by Raw Material
10.1.1.5.2 Russia: Industrial Insulation Market, by Product
10.1.1.5.3 Russia: Industrial Insulation Market, by End-User
10.1.1.6 Rest of Europe: Industrial Insulation Market–Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Europe: Industrial Insulation Market, by Raw Material
10.1.1.6.2 Rest of Europe: Industrial Insulation Market, by Product
10.1.1.6.3 Rest of Europe: Industrial Insulation Market, by End-User
11. Industry Landscape
11.1 Overview
11.2 Strategy and Business Planning
11.3 New Product Development
11.4 Expansion
11.5 Mergers and Acquisitions
12. COMPANY PROFILES
12.1 Saint Gobain S.A.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Knauf Insulation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Kingspan Group
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Cabot Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Johns Manville
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Nichias Corporation
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Aspen Aerogels Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 ROCKWOOL A/S
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms

LIST OF TABLES
Table 1. Europe Industrial Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany: Industrial Insulation Market, by Raw Material– Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Industrial Insulation Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: Industrial Insulation Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 5. France: Industrial Insulation Market, by Raw Material– Revenue and Forecast to 2028 (US$ Million)
Table 6. France: Industrial Insulation Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 7. France: Industrial Insulation Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 8. UK Industrial Insulation Market, by Raw Material– Revenue and Forecast to 2028 (US$ Million)
Table 9. UK Industrial Insulation Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 10. UK Industrial Insulation Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 11. Italy Industrial Insulation Market, by Raw Material– Revenue and Forecast to 2028 (US$ Million)
Table 12. Italy Industrial Insulation Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 13. Italy Industrial Insulation Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 14. Russia Industrial Insulation Market, by Raw Material– Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia Industrial Insulation Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia Industrial Insulation Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Europe Industrial Insulation Market, by Raw Material– Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe Industrial Insulation Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe Industrial Insulation Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 20. Glossary of Terms

LIST OF FIGURES
Figure 1. Europe Industrial Insulation Market Segmentation
Figure 2. Europe Industrial Insulation Market Segmentation – By Country
Figure 3. Europe Industrial Insulation Market Overview
Figure 4. Europe Industrial Insulation Market, By Raw Material
Figure 5. Europe Industrial Insulation Market, by Country
Figure 6. Europe: PEST Analysis
Figure 7. Expert Opinion
Figure 8. Europe Industrial Insulation Market Impact Analysis of Drivers and Restraints
Figure 9. Europe Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. Europe Industrial Insulation Market Revenue Share, By Raw Material (2021 and 2028)
Figure 11. Europe Wool: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 12. Europe Foams: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. Europe Fibers and Others: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Europe Industrial Insulation Market Revenue Share, By Product (2021 and 2028)
Figure 15. Europe Pipe: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. Europe Board: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Europe Blanket: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Europe Others: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Europe Industrial Insulation Market Revenue Share, By End User (2021 and 2028)
Figure 20. Europe Power Generation: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Europe Chemical and Petrochemical: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. Europe Cement: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. Europe Food and Beverage: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. Europe Others: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Europe: Industrial Insulations Market, by Key Country – Revenue (2021) (US$ ‘Million)
Figure 26. Europe: Industrial Insulation Market Revenue Share, by Key Country (2021 and 2028)
Figure 27. Germany: Industrial Insulation Market–Revenue and Forecast to 2028 (US$ Million)
Figure 28. France: Industrial Insulation Market–Revenue and Forecast to 2028 (US$ Million)
Figure 29. UK: Industrial Insulation Market–Revenue and Forecast to 2028 (US$ Million)
Figure 30. Italy: Industrial Insulation Market–Revenue and Forecast to 2028 (US$ Million)
Figure 31. Russia: Industrial Insulation Market–Revenue and Forecast to 2028 (US$ Million)
Figure 32. Rest of Europe: Industrial Insulation Market–Revenue and Forecast to 2028 (US$ Million)

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe industrial insulation market.
● Highlights key business priorities to assist companies to realign their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the Europe industrial insulation market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the industrial insulation market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

● Aspen Aerogels Inc.
● Cabot Corporation
● Johns Manville
● Kingspan Group
● Knauf Insulation
● Nichias Corporation
● ROCKWOOL A/S
● Saint Gobain S.A.

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