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South America 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)
- Report Code : BMIRE00027618
- Pages : 104
The SAM industrial insulation market is expected to grow from US$ 224.83 million in 2022 to US$ 267.84 million by 2028. It is estimated to grow at a CAGR of 3.0% from 2022 to 2028.
Increased Infrastructural Spending in Emerging Economies
With increase construction activities across the region, the demand for industrial insulation is increasing, industrial insulation in infrastructures help in protection from heat, fire, and corrosion. Industrial Insulation products when used in buildings deliver superior performance, which includes air sealing, moisture control, and thermal insulation. In commercial buildings saving on energy and operating costs is crucial, and foam insulation is widely used in infrastructures it is efficient and economical. Industrial facilities and commercial buildings have unique needs when compared to single family or multi-unit residences. These large buildings have energy and utility demands and all of them can affect economic viability of building, in this case industrial insulation helps in reducing operating costs. Infrastructure spending is growing significantly over the coming decade. Development of megacities is shifting economic and demographic trends which will create enormous need for new infrastructure. Increasing focus on inclusive and sustainable industrialization with innovative infrastructure is unleashing dynamic and competitive opportunities for industrial insulation. Further, infrastructural development in economies is expected to boost the industrial activities, and this has surged the consumption of industrial insulation. An increase in spending and industrial activities are thus expected to provide major opportunities for the growth of industrial insulation market across the region.
Market Overview
The SAM industrial insulation market is segmented into Brazil, Argentina, and the rest of SAM. According to the preliminary version of the energy development plan (PDE) published by Empresa de Pesquisa Energética (EPE), the expanding power generation and transmission segments in Brazil are projected to demand up to 318 billion reais (US$ 58 billion) until 2031. In Central America, the electricity demand is on the rise due to the increasing industrial and commercial activities, which is driving the industrial insulation market in the region. As per the ‘BRIEF MARKET REPORT Chemical products in Argentina’ commissioned by the Netherlands Enterprise Agency, the chemicals industry accounts for 12% of Argentina’s total manufacturing revenues and 9% of the nation’s gross domestic product (GDP). Further, the chemical industry in Brazil is one of the largest in the world, and its petrochemical companies occupy leading positions in their product areas across the region. The country is strong in research and development. Hence, the strong presence of the chemical and petrochemical industry in SAM creates the demand for industrial insulation products across the region.
SAM Industrial Insulation Market Revenue and Forecast to 2028 (US$ Million)
SAM Industrial Insulation Market Segmentation
The SAM industrial insulation market is segmented based on raw material, product, end user, and country.
Based on raw material, the SAM 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 SAM 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 SAM 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 SAM industrial insulation market has been categorized into Brazil, Argentina, and the Rest of SAM. Our regional analysis states that Brazil dominated the market share in 2022.
Aspen Aerogels Inc., Cabot Corporation, Johns Manville, Kingspan Group, Knauf Insulation, ROCKWOOL A/S, and Saint Gobain S.A. are the leading companies operating in the SAM 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 SAM Industrial Insulation Market, by Raw Material
1.3.2 SAM Industrial Insulation Market, by Product
1.3.3 SAM Industrial Insulation Market, by End User
1.3.4 SAM 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. SAM Industrial Insulation Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Expert Opinion
5. SAM 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 – SAM Analysis
6.1 SAM Industrial Insulation Market Overview
7. SAM Industrial Insulation Market Analysis – By Raw Material
7.1 Overview
7.2 SAM 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. SAM Industrial Insulation Market Analysis – By Product
8.1 Overview
8.2 SAM 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. SAM Industrial Insulation Market Analysis – By End User
9.1 Overview
9.2 SAM 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. SAM Industrial Insulation Market – Country Analysis
10.1 Overview
10.1.1 SAM: Industrial Insulation Market, by Key Country
10.1.1.1 Brazil: Industrial Insulation Market –Analysis and Forecast to 2028 (US$ Million)
10.1.1.1.1 Brazil: Industrial Insulation Market, by Raw Material
10.1.1.1.2 Brazil: Industrial Insulation Market, by Product
10.1.1.1.3 Brazil: Industrial Insulation Market, by End-User
10.1.1.2 Argentina: Industrial Insulation Market –Analysis and Forecast to 2028 (US$ Million)
10.1.1.2.1 Argentina: Industrial Insulation Market, by Raw Material
10.1.1.2.2 Argentina: Industrial Insulation Market, by Product
10.1.1.2.3 Argentina: Industrial Insulation Market, by End-User
10.1.1.3 Rest of SAM: Industrial Insulation Market –Analysis and Forecast to 2028 (US$ Million)
10.1.1.3.1 Rest of SAM: Industrial Insulation Market, by Raw Material
10.1.1.3.2 Rest of SAM: Industrial Insulation Market, by Product
10.1.1.3.3 Rest of SAM: 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 Aspen Aerogels Inc.
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 ROCKWOOL A/S
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
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. SAM Industrial Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil Industrial Insulation Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil Industrial Insulation Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil Industrial Insulation Market, by End-User– Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina Industrial Insulation Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina Industrial Insulation Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina Industrial Insulation Market, by End-User– Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of SAM Industrial Insulation Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of SAM Industrial Insulation Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of SAM Industrial Insulation Market, by End-User– Revenue and Forecast to 2028 (US$ Million)
Table 11. Glossary of Terms
LIST OF FIGURES
Figure 1. SAM Industrial Insulation Market Segmentation
Figure 2. SAM Industrial Insulation Market Segmentation – By Country
Figure 3. SAM Industrial Insulation Market Overview
Figure 4. SAM Industrial Insulation Market, By Raw Material
Figure 5. SAM Industrial Insulation Market, by Country
Figure 6. SAM: PEST Analysis
Figure 7. Expert Opinion
Figure 8. SAM Industrial Insulation Market Impact Analysis of Drivers and Restraints
Figure 9. SAM Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. SAM Industrial Insulation Market Revenue Share, By Raw Material (2021 and 2028)
Figure 11. SAM Wool: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 12. SAM Foams: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. SAM Fibers and Others: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. SAM Industrial Insulation Market Revenue Share, By Product (2021 and 2028)
Figure 15. SAM Pipe: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. SAM Board: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. SAM Blanket: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. SAM Others: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. SAM Industrial Insulation Market Revenue Share, By End User (2021 and 2028)
Figure 20. SAM Power Generation: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. SAM Chemical and Petrochemical: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. SAM Cement: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. SAM Food and Beverage: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. SAM Others: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. SAM: Industrial Insulations Market, by Key Country – Revenue (2021) (US$ ‘Million)
Figure 26. SAM: Industrial Insulation Market Revenue Share, by Key Country (2021 and 2028)
Figure 27. Brazil: Industrial Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. Argentina: Industrial Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. Rest of SAM: 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 SAM 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 SAM 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 SAM 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
● ROCKWOOL A/S
● Saint Gobain S.A.
At 3.0% CAGR, the SAM Industrial Insulation Market is speculated to be worth US$ 267.84 million by 2028, says The Insight Partners
According to The Insight Partners’ research, the SAM industrial insulation market was valued at US$ 224.83 million in 2022 and is expected to reach US$ 267.84 million by 2028, registering a CAGR of 3.0% from 2022 to 2028. Development of new products with latest technology and increased infrastructural spending in emerging economies are the critical factors attributed to the market expansion.
Prominent manufacturers in the industrial insulation market are developing and offering new insulation products with latest technology. Additionally, players are focusing on expanding manufacturing capacity. In July 2021, Rockwool manufacturing announced the commercial production of stone wool insulation products. The company would manufacturer ROCKWOOL’s residential, commercial, and industrial stone wool insulation. It has also expanded its manufacturing capacity. Further in March 2021, Cabot Corporation launched its ENERMAXTM 6 carbon nanotube new series. These nanotubes are the company’s latest addition to its portfolio of high-performance CNTs. It has a high aspect ratio, becoming the most conductive multi-walled product. Further, in August 2020, Owens Corning announced that it has launched its new product line, FOAMULAR NGX (next generation extruded). The new product line of extruded polystyrene (XPS) foam products would help in reducing global warming by 90% without sacrificing the product performance. All these new developments would drive the industrial insulation market growth during the forecast period.
On the contrary, high capital cost and lack of skilled labor for installation hurdles the growth of SAM industrial insulation market.
Based on raw material, the SAM industrial insulation market is segmented into wool, foams, fibres, and others. The foams segment held 48.5% market share in 2022, amassing US$ 109.00 million. It is projected to garner US$ 129.58 million by 2028 to expand at 2.9% CAGR during 2022–2028.
Based on product, the SAM industrial insulation market is segmented into pipe, board, blanket, and others. The pipe segment held 45.3% market share in 2022, amassing US$ 101.95 million. It is projected to garner US$ 124.62 million by 2028 to expand at 3.4% CAGR during 2022–2028.
Based on end user, the SAM industrial insulation market is segmented into power generation, chemical and petrochemical, cement, food and beverage, and others. The power generation segment held 39.2% market share in 2022, amassing US$ 88.14 million. It is projected to garner US$ 108.02 million by 2028 to expand at 3.4% CAGR during 2022–2028.
Based on country, the SAM industrial insulation market has been categorized into Brazil, Argentina, and the Rest of SAM. Our regional analysis states that Brazil captured 54.0% market share in 2022. It was assessed at US$ 121.44 million in 2022 and is likely to hit US$ 147.26 million by 2028, exhibiting a CAGR of 3.3% during the forecast period.
Key players dominating the SAM industrial insulation market are Aspen Aerogels Inc., Cabot Corporation, Johns Manville, Kingspan Group, Knauf Insulation, ROCKWOOL A/S, and Saint Gobain S.A., among others.
In 2021, Knauf Insulation announced its approval of pipework insulation to be added to its Energy Technology List (ETL). Knauf Insulation is currently the only manufacturer of pipe insulation to be granted approval for its pipe insulation to be added to the list to meet an enhanced level of thermal performance.
In 2020, Johns Manville announced the launch of a complete portfolio of water-repellent mineral wool products for industrial insulation market. The product launch was aimed meet the growing demand for water-repellent materials in industrial insulation market.
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