INCREASING DEMAND FROM POWER GENERATION SECTOR TO INFLUENCE THE MARKET GLOBALLY
Insulation material is used in various industries such as power generation, chemical, petrochemical, cement, and food and beverage. It offers various advantages through energy savings, process efficiencies, and environmental stewardship. Proper insulation helps to improve efficiency by regulating the ambient temperature in a plant or factory.
The industrial insulation market growth is mainly driven by the increasing demand from power generation sector. Industrial insulation is highly important in various hydroelectric plants as it aids the steam-generating boilers in maintaining temperature levels. Industrial insulated covers are an excellent option to save electricity, maintain process temperature, reduce heat loss, and improve workplace safety. The growing urbanization, industrialization, and emerging strict energy conservation regulations in various countries of Asia Pacific, Middle East & Africa, South & Central America, and Europe is boosting the use of industrial insulation products in power generation sector.
Some of the players operating in the global industrial insulation market includes, Nichias Corporation, Aspen Aerogels Inc., McAllister Mills Inc., ROCKWOOL A/S, SAINT GOBAIN S.A., Knauf Insulation, Kingspan Group, CABOT CORPORATION, Johns Manville, and Thomas Group. Players operating in the global industrial insulation market focus on providing high quality products to fulfil the customer demand.
