Industrial Insulation Market Size & Share | Global Trends 2022,28

Industrial Insulation Market Size and Forecasts (2020 - 2028), Global and Regional Growth Opportunity Analysis

  • Report Code : TIPRE00002835
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 161
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Industrial Insulation Market Size & Share | Global Trends 2022,28

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[Research Report] The industrial insulation market is expected to grow from US$ 7,793.91 million in 2022 to US$ 10,189.11 million by 2028; it is expected to grow at a CAGR of 4.6% from 2022 to 2028.

MARKET ANALYSIS

Industrial insulation plays an important role in various industries namely, power generation, chemical and petrochemical, cement, and food and beverages. Industrial insulation is highly important in various hydroelectric plants as it aids the steam-generating boilers in maintaining temperature levels. Further, increased infrastructural spending in emerging economies is expected to offer lucrative opportunities for the market growth during the forecast period. With the increase in construction activities in different countries across the globe, the demand for industrial insulation is increasing. Use of industrial insulation in infrastructure helps in protection from heat, fire, and corrosion.

GROWTH DRIVERS AND CHALLENGES

The strict regulation mandating the use of insulation material for energy conservation across the globe has aided the market growth of industrial insulation. 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 boosting 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. Standards established by various associations namely, the American Society of Mechanical Engineers (ASME), American Boiler Manufacturers Association (ABMA), and American Society for Testing and Materials (ASTM) apply to the design of equipment in the industry, to implement safety protocols, thus boosting the growth of industrial insulation market. High installation cost for industrial insulation poses a challenge to the industrial insulation market. The cost of installation of industrial insulation can vary depending upon the type, design, size and complexity. Installation of industrial insulation is a complex process and requires advanced tools and operations. Further, a technically trained person is required in order to assess the size of facility, area of insulation and material of insulation. Moreover, installation of heavy insulation materials such as mineral wool, foam board and fiberglass require qualified professional, thus adding to the industrial installation cost.

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Industrial Insulation Market: Strategic Insights

industrial-insulation-market
Market Size Value inUS$ 7,793.91 Million in 2022
Market Size Value byUS$ 10,189.11 Million by 2028
Growth rateCAGR of 4.6% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
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REPORT SEGMENTATION AND SCOPE

The "Global Industrial Insulation Market Analysis to 2030" is a specialized and in-depth study with a major focus on the global market trends and growth opportunities. The report aims to provide an overview of the global market with detailed market segmentation by raw material, product, end user, and geography. The global industrial insulation market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of industrial insulation worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the industrial insulation market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in the industrial insulation market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative opportunities that would, in turn, aid in identifying the major revenue pockets.

Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global industrial insulation market, which helps understand the entire supply chain and various factors affecting the market growth.

SEGMENTAL ANALYSIS

The global industrial insulation market is segmented on the basis of raw material, product, and end user. Based on raw material, the industrial insulation market is segmented as wool, foams, and fibers and others. On the basis of product, the market is classified as, pipe, board, blanket, and others. The industrial insulation market is categorized on the basis of end user into, power generation, chemical and petrochemical, cement, food and beverage, and others. Based on raw material, the foams raw material accounted for a significant share. Wool insulation in the form of fiberglass is made by heating glass at high temperatures until it melts, and the molten glass is twisted quickly to create fibers. Glass wool fibers are then bound together to be used as insulation. Glass fibers create air pockets that act as barriers to heat loss as the air is a poor conductor of heat. Foam insulations are polymeric products widely used for various proofing and insulation end users, including thermal insulation, acoustic insulation, and weatherproofing. Fibers include natural and synthetic or plastic fibers. Ceramic fibers and recycled plastic bottles—composed of PET—are primarily used products for industrial insulation end users, and the fibers formed are pressed into batt insulation. Based on product, pipe segment accounted for a major share. Fiberglass is extensively used to insulate iron, copper, and PVC pipes in commercial, industrial, and institutional buildings due to its lower cost and easy installation. Industrial Insulation boards are commonly used to insulate cavity walls. Blanket insulation products are mostly used in high-temperature set-ups, with operating temperatures up to 1150°C. Typical end users of blanket insulation include heat exchangers, stack installations, cooling towers, air conditioning ductwork, large diameter piping, and storage tanks. Other products include spray foam insulation and insulating concrete. Spray foam insulation is an air barrier and insulation material that seals floors, walls, and ceiling cavities against air movement. Power generation is the major market for industrial insulation. Proper equipment insulation helps with the maintenance of power plants that reduces the risk of injury or burns to workers. Chemical processing needs stable temperatures to keep production quality consistent and reliable. The growth in the chemical & petrochemical industry is projected to fuel the demand for industrial insulation products. Cement manufacturing is a continuous process industry that requires advanced thermal solutions to optimize its output. The others segment is further segmented into automotive, aerospace, glass production, etc. Industrial Insulation solutions are used to help protect vehicle components and their electrical wiring.

REGIONAL ANALYSIS

The report provides a detailed overview of the global industrial insulation market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Asia Pacific accounted for a significant share of the market and valued at more than US$ 4,000.00 million in 2022. Most countries in Asia Pacific are expected to witness continued growth in electricity demand, thus expected to fuel the demand for industrial insulation products in the region during the forecast period. North America is also expected to witness considerable growth valued at approximately US$ 1600.00 million in 2028, attributed to the growing adoption of expansion strategies by the end-use industries that need lignosulfonate-based concrete admixture in order to fulfil the rising demand for non-corrosive water-reducing admixtures in the construction industry. Europe is growing considerably with CAGR with more than 4.0%. The strong presence of chemical manufacturing bases and the aerospace industry in different countries bolsters the industrial insulation market in the Europe.

INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES

The report provides a detailed overview of the global industrial insulation market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.

In 2022, Saint-Gobain planned to invest €120 million in new glass wool production capacity in France. The investment is aimed to increase the insulation production capacity in France. It includes increasing production of existing ISOVER production line and creating a new line.

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.

IMPACT OF COVID/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION

The report provides a detailed overview of the global industrial insulation market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Industries such as construction, chemicals and petrochemical, and food and beverages, have been the major consumers of industrial insulation. In 2020, these industries had to slow down their operations due to disruptions in the value chain caused by the shutdown of national and international boundaries. Moreover, lockdowns imposed by different countries hampered the ability of industries to maintain inventory levels in the same year. The pandemic also wreaked havoc on the chemicals as well as construction industry. The shortage of manpower resulted in the deceleration of industrial insulation production and distribution operations. Additionally, government restrictions and other COVID-19 precautions reduced the production capacities of industrial insulation manufacturers in the value chain. In 2021, the global marketplace began recovering from the losses incurred in 2020 as governments of different countries announced relaxations in social restrictions. Further, expanding production capacities in the chemicals & materials industry in different regions of the world resulted in a rise in demand for industrial insulation in 2021.

Industrial Insulation Market Report Scope

COMPETITIVE LANDSCAPE AND KEY COMPANIES

Some of the key players operating in the industrial insulation market include, Nichias Corporation, Aspen Aerogels Inc, McAllister Mills Inc, Rockwool A/S, Saint Gobain SA, Knauf Insulation, Kingspan Group, Cabot Corporation, Johns Manville, and Thomas Group, among others.

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Raw Material, Product, and End User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What are the key factors influencing market growth?

The global industrial insulation market is primarily driven by increasing demand from power generation sector and strict regulation mandating the use of insulation materials for energy conservation.

Can you list some of the major players operating in the global industrial insulation market?

Major 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.

Based on product, which segment is leading the global industrial insulation market during the forecast period?

The pipe segment held the largest share of the global industrial insulation market in 2021. Pipe insulation helps to reduces energy losses to a great extent, hence reducing the energy cost. Cellular glass, one of the types of materials used in pipe insulation, is used in ductwork, heat transfer fluid systems, chemical processing systems, commercial pipework, storage tanks, and other application areas.

Which region held the largest share of the global industrial insulation market?

In 2021, Asia Pacific held the largest share of the global industrial insulation market. The industrial insulation market growth in the region is driven by increasing demand from various industries, including power generation, chemical & petrochemical, and food & beverage, the growing industrial activities, and strong economic growth in the region.

Which region held the fastest CAGR in the global industrial insulation market?

Asia Pacific is estimated to register the fastest CAGR in the global industrial insulation market over the forecast period. This is mainly attributed to an increasing use of industrial insulation materials in different application fields, increasing infrastructural spending, and strong economic growth.

Based on raw material, which segment is leading the global industrial insulation market during the forecast period?

The foams segment held the largest share of the global industrial insulation market in 2021. Foam insulations are commonly used for various proofing and insulation applications, including thermal insulation, acoustic insulation, and weatherproofing.

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Industrial Insulation Market, by Raw Material

1.3.2 Industrial Insulation Market, by Product

1.3.3 Industrial Insulation Market, by End User

1.3.4 Industrial Insulation Market, by Geography

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. Industrial Insulation Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America

4.2.2 Europe

4.2.3 Asia Pacific

4.2.4 Middle East and Africa

4.2.5 South and Central America

4.3 Expert Opinion

5. 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 – Global Market Analysis

6.1 Industrial Insulation Market Overview

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

6.3 Competitive Positioning – Key Market Players

7. Industrial Insulation Market Analysis – By Raw Material

7.1 Overview

7.2 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. Industrial Insulation Market Analysis – By Product

8.1 Overview

8.2 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. Industrial Insulation Market Analysis – By End User

9.1 Overview

9.2 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. Industrial Insulation Market – Geographic Analysis

10.1 Overview

10.2 North America: Industrial Insulations Market

10.2.1 North America: Industrial Insulations Market – Analysis and Forecast to 2028 (US$ Million)

10.2.2 North America: Industrial Insulations Market, by Raw Material

10.2.3 North America: Industrial Insulations Market, by Product

10.2.4 North America: Industrial Insulations Market, by End User

10.2.5 North America: Industrial Insulations Market, by Key Country

10.2.5.1 US: Industrial Insulations Market –Analysis and Forecast to 2028 (US$ Million)

10.2.5.1.1 US: Industrial Insulations Market, by Raw Material

10.2.5.1.2 US: Industrial Insulations Market, by Product

10.2.5.1.3 US: Industrial Insulations Market, by End User

10.2.5.2 Canada: Industrial Insulations Market –Analysis and Forecast to 2028 (US$ Million)

10.2.5.2.1 Canada: Industrial Insulations Market, by Raw Material

10.2.5.2.2 Canada: Industrial Insulations Market, by Product

10.2.5.2.3 Canada: Industrial Insulations Market, by End User

10.2.5.3 Mexico: Industrial Insulations Market –Analysis and Forecast to 2028 (US$ Million)

10.2.5.3.1 Mexico: Industrial Insulations Market, by Raw Material

10.2.5.3.2 Mexico: Industrial Insulations Market, by Product

10.2.5.3.3 Mexico: Industrial Insulations Market, by End User

10.3 Europe: Industrial Insulation Market

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

10.3.2 Europe: Industrial Insulation Market, by Raw Material

10.3.3 Europe: Industrial Insulation Market, by Product

10.3.4 Europe: Industrial Insulation Market, by End-User

10.3.5 Europe: Industrial Insulation Market, by Key Country

10.3.5.1 Germany: Industrial Insulation Market–Analysis and Forecast to 2028 (US$ Million)

10.3.5.1.1 Germany: Industrial Insulation Market, by Raw Material

10.3.5.1.2 Germany: Industrial Insulation Market, by Product

10.3.5.1.3 Germany: Industrial Insulation Market, by End-User

10.3.5.2 France: Industrial Insulation Market–Analysis and Forecast to 2028 (US$ Million)

10.3.5.2.1 France: Industrial Insulation Market, by Raw Material

10.3.5.2.2 France: Industrial Insulation Market, by Product

10.3.5.2.3 France: Industrial Insulation Market, by End-User

10.3.5.3 UK: Industrial Insulation Market–Revenue and Forecast to 2028 (US$ Million)

10.3.5.3.1 UK: Industrial Insulation Market, by Raw Material

10.3.5.3.2 UK: Industrial Insulation Market, by Product

10.3.5.3.3 UK: Industrial Insulation Market, by End-User

10.3.5.4 Italy: Industrial Insulation Market–Revenue and Forecast to 2028 (US$ Million)

10.3.5.4.1 Italy: Industrial Insulation Market, by Raw Material

10.3.5.4.2 Italy: Industrial Insulation Market, by Product

10.3.5.4.3 Italy: Industrial Insulation Market, by End-User

10.3.5.5 Russia: Industrial Insulation Market–Revenue and Forecast to 2028 (US$ Million)

10.3.5.5.1 Russia: Industrial Insulation Market, by Raw Material

10.3.5.5.2 Russia: Industrial Insulation Market, by Product

10.3.5.5.3 Russia: Industrial Insulation Market, by End-User

10.3.5.6 Rest of Europe: Industrial Insulation Market–Revenue and Forecast to 2028 (US$ Million)

10.3.5.6.1 Rest of Europe: Industrial Insulation Market, by Raw Material

10.3.5.6.2 Rest of Europe: Industrial Insulation Market, by Product

10.3.5.6.3 Rest of Europe: Industrial Insulation Market, by End-User

10.4 Asia-Pacific: Industrial Insulation Market

10.4.1 Asia-Pacific: Industrial Insulation Market – Analysis and Forecast to 2028 (US$ Million)

10.4.2 Asia-Pacific: Industrial Insulation Market, by Raw Material

10.4.3 Asia-Pacific: Industrial Insulation Market, by Product

10.4.4 Asia-Pacific: Industrial Insulation Market, by End-User

10.4.5 Asia-Pacific: Industrial Insulation Market, by Key Country

10.4.5.1 Australia: Industrial Insulation Market –Analysis and Forecast to 2028 (US$ Million)

10.4.5.1.1 Australia: Industrial Insulation Market, by Raw Material

10.4.5.1.2 Australia: Industrial Insulation Market, by Product

10.4.5.1.3 Australia: Industrial Insulation Market, by End-User

10.4.5.2 China: Industrial Insulation Market –Analysis and Forecast to 2028 (US$ Million)

10.4.5.2.1 China: Industrial Insulation Market, by Raw Material

10.4.5.2.2 China: Industrial Insulation Market, by Product

10.4.5.2.3 China: Industrial Insulation Market, by End-User

10.4.5.3 India: Industrial Insulation Market –Analysis and Forecast to 2028 (US$ Million)

10.4.5.3.1 India: Industrial Insulation Market, by Raw Material

10.4.5.3.2 India: Industrial Insulation Market, by Product

10.4.5.3.3 India: Industrial Insulation Market, by End-User

10.4.5.4 Japan: Industrial Insulation Market –Analysis and Forecast to 2028 (US$ Million)

10.4.5.4.1 Japan: Industrial Insulation Market, by Raw Material

10.4.5.4.2 Japan: Industrial Insulation Market, by Product

10.4.5.4.3 Japan: Industrial Insulation Market, by End-User

10.4.5.5 South Korea: Industrial Insulation Market –Analysis and Forecast to 2028 (US$ Million)

10.4.5.5.1 South Korea: Industrial Insulation Market, by Raw Material

10.4.5.5.2 South Korea: Industrial Insulation Market, by Product

10.4.5.5.3 South Korea: Industrial Insulation Market, by End-User

10.4.5.6 Rest of Asia-Pacific: Industrial Insulation Market –Analysis and Forecast to 2028 (US$ Million)

10.4.5.6.1 Rest of Asia-Pacific: Industrial Insulation Market, by Raw Material

10.4.5.6.2 Rest of Asia-Pacific: Industrial Insulation Market, by Product

10.4.5.6.3 Rest of Asia-Pacific: Industrial Insulation Market, by End-User

10.5 Middle East and Africa: Industrial Insulation Market

10.5.1 Middle East and Africa: Industrial Insulation Market – Analysis and Forecast to 2028 (US$ Million)

10.5.2 Middle East and Africa: Industrial Insulation Market, by Raw Material

10.5.3 Middle East and Africa: Industrial Insulation Market, by Product

10.5.4 Middle East and Africa: Industrial Insulation Market, by End-User

10.5.5 Middle East and Africa: Industrial Insulation Market, by Key Country

10.5.5.1 South Africa: Industrial Insulation Market –Analysis and Forecast to 2028 (US$ Million)

10.5.5.1.1 South Africa: Industrial Insulation Market, by Raw Material

10.5.5.1.2 South Africa: Industrial Insulation Market, by Product

10.5.5.1.3 South Africa: Industrial Insulation Market, by End-User

10.5.5.2 Saudi Arabia: Industrial Insulation Market –Analysis and Forecast to 2028 (US$ Million)

10.5.5.2.1 Saudi Arabia: Industrial Insulation Market, by Raw Material

10.5.5.2.2 Saudi Arabia: Industrial Insulation Market, by Product

10.5.5.2.3 Saudi Arabia: Industrial Insulation Market, by End-User

10.5.5.3 UAE: Industrial Insulation Market –Analysis and Forecast to 2028 (US$ Million)

10.5.5.3.1 UAE: Industrial Insulation Market, by Raw Material

10.5.5.3.2 UAE: Industrial Insulation Market, by Product

10.5.5.3.3 UAE: Industrial Insulation Market, by End-User

10.5.5.4 Rest of the Middle East and Africa: Industrial Insulation Market –Analysis and Forecast to 2028 (US$ Million)

10.5.5.4.1 Rest of the Middle East and Africa: Industrial Insulation Market, by Raw Material

10.5.5.4.2 Rest of the Middle East and Africa: Industrial Insulation Market, by Product

10.5.5.4.3 Rest of the Middle East and Africa: Industrial Insulation Market, by End-User

10.6 South and Central America: Industrial Insulation Market

10.6.1 South and Central America: Industrial Insulation Market – Analysis and Forecast to 2028 (US$ Million)

10.6.2 South and Central America: Industrial Insulation Market, by Raw Material

10.6.3 South and Central America: Industrial Insulation Market, by Product

10.6.4 South and Central America: Industrial Insulation Market, by End-User

10.6.5 South and Central America: Industrial Insulation Market, by Key Country

10.6.5.1 Brazil: Industrial Insulation Market –Analysis and Forecast to 2028 (US$ Million)

10.6.5.1.1 Brazil: Industrial Insulation Market, by Raw Material

10.6.5.1.2 Brazil: Industrial Insulation Market, by Product

10.6.5.1.3 Brazil: Industrial Insulation Market, by End-User

10.6.5.2 Argentina: Industrial Insulation Market –Analysis and Forecast to 2028 (US$ Million)

10.6.5.2.1 Argentina: Industrial Insulation Market, by Raw Material

10.6.5.2.2 Argentina: Industrial Insulation Market, by Product

10.6.5.2.3 Argentina: Industrial Insulation Market, by End-User

10.6.5.3 Rest of South and Central America: Industrial Insulation Market –Analysis and Forecast to 2028 (US$ Million)

10.6.5.3.1 Rest of South and Central America: Industrial Insulation Market, by Raw Material

10.6.5.3.2 Rest of South and Central America: Industrial Insulation Market, by Product

10.6.5.3.3 Rest of South and Central America: Industrial Insulation Market, by End-User

11. Impact of COVID-19 Pandemic on Industrial Insulation Market

11.1 Overview

11.2 Impact of COVID-19 on Industrial Insulation Market

11.3 North America: Impact Assessment of COVID-19 Pandemic

11.4 Europe: Impact Assessment of COVID-19 Pandemic

11.5 Asia Pacific: Impact Assessment of COVID-19 Pandemic

11.6 Middle East & Africa: Impact Assessment of COVID-19 Pandemic

11.7 South and Central America: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

12.1 Overview

12.2 Strategy and Business Planning

12.3 New Product Development

12.4 Expansion

12.5 Mergers and Acquisitions

13. COMPANY PROFILES

13.1 SAINT GOBAIN S.A.

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Knauf Insulation

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Kingspan Group

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 CABOT CORPORATION

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Johns Manville

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Thomas Group

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 Nichias Corporation

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 Aspen Aerogels Inc.

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 McAllister Mills Inc.

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

13.10 ROCKWOOL A/S

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Glossary of Terms

LIST OF TABLES

Table 1. Industrial Insulation Market –Revenue and Forecast to 2028 (US$ Million)

Table 2. Global Industrial Insulation Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)

Table 3. Global Industrial Insulation Market, by Product – Revenue and Forecast to 2028 (US$ Million)

Table 4. Global Industrial Insulation Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 5. North America Industrial Insulations Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)

Table 6. North America Industrial Insulations Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 7. North America Industrial Insulations Market, by End User– Revenue and Forecast to 2028 (US$ Million)

Table 8. US Industrial Insulations Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)

Table 9. US Industrial Insulations Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 10. US Industrial Insulations Market, by End User– Revenue and Forecast to 2028 (US$ Million)

Table 11. Canada Industrial Insulations Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)

Table 12. Canada Industrial Insulations Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 13. Canada Industrial Insulations Market, by End User– Revenue and Forecast to 2028 (US$ Million)

Table 14. Mexico Industrial Insulations Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)

Table 15. Mexico Industrial Insulations Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 16. Mexico Industrial Insulations Market, by End User– Revenue and Forecast to 2028 (US$ Million)

Table 17. Europe Industrial Insulation Market, by Raw Material– Revenue and Forecast to 2028 (USD Million)

Table 18. Europe Industrial Insulation Market, by Product– Revenue and Forecast to 2028 (USD Million)

Table 19. Europe Industrial Insulation Market, by End-User – Revenue and Forecast to 2028 (USD Million)

Table 20. Germany: Industrial Insulation Market, by Raw Material– Revenue and Forecast to 2028 (US$ Million)

Table 21. Germany: Industrial Insulation Market, by Product – Revenue and Forecast to 2028 (US$ Million)

Table 22. Germany: Industrial Insulation Market, by End-User – Revenue and Forecast to 2028 (US$ Million)

Table 23. France: Industrial Insulation Market, by Raw Material– Revenue and Forecast to 2028 (US$ Million)

Table 24. France: Industrial Insulation Market, by Product – Revenue and Forecast to 2028 (US$ Million)

Table 25. France: Industrial Insulation Market, by End-User – Revenue and Forecast to 2028 (US$ Million)

Table 26. UK Industrial Insulation Market, by Raw Material– Revenue and Forecast to 2028 (US$ Million)

Table 27. UK Industrial Insulation Market, by Product – Revenue and Forecast to 2028 (US$ Million)

Table 28. UK Industrial Insulation Market, by End-User – Revenue and Forecast to 2028 (US$ Million)

Table 29. Italy Industrial Insulation Market, by Raw Material– Revenue and Forecast to 2028 (US$ Million)

Table 30. Italy Industrial Insulation Market, by Product – Revenue and Forecast to 2028 (US$ Million)

Table 31. Italy Industrial Insulation Market, by End-User – Revenue and Forecast to 2028 (US$ Million)

Table 32. Russia Industrial Insulation Market, by Raw Material– Revenue and Forecast to 2028 (US$ Million)

Table 33. Russia Industrial Insulation Market, by Product – Revenue and Forecast to 2028 (US$ Million)

Table 34. Russia Industrial Insulation Market, by End-User – Revenue and Forecast to 2028 (US$ Million)

Table 35. Rest of Europe Industrial Insulation Market, by Raw Material– Revenue and Forecast to 2028 (US$ Million)

Table 36. Rest of Europe Industrial Insulation Market, by Product – Revenue and Forecast to 2028 (US$ Million)

Table 37. Rest of Europe Industrial Insulation Market, by End-User – Revenue and Forecast to 2028 (US$ Million)

Table 38. Asia-Pacific Industrial Insulation Market, by Raw Material– Revenue and Forecast to 2028 (US$ Million)

Table 39. Asia-Pacific Industrial Insulation Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 40. Asia-Pacific Industrial Insulation Market, by End-User – Revenue and Forecast to 2028 (US$ Million)

Table 41. Australia Industrial Insulation Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)

Table 42. Australia Industrial Insulation Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 43. Australia Industrial Insulation Market, by End-User– Revenue and Forecast to 2028 (US$ Million)

Table 44. China Industrial Insulation Market, by Raw Material– Revenue and Forecast to 2028 (US$ Million)

Table 45. China Industrial Insulation Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 46. China Industrial Insulation Market, by End-User– Revenue and Forecast to 2028 (US$ Million)

Table 47. India Industrial Insulation Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 48. India Industrial Insulation Market, by End-User– Revenue and Forecast to 2028 (US$ Million)

Table 49. Japan Industrial Insulation Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)

Table 50. Japan Industrial Insulation Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 51. Japan Industrial Insulation Market, by End-User– Revenue and Forecast to 2028 (US$ Million)

Table 52. South Korea Industrial Insulation Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)

Table 53. South Korea Industrial Insulation Market, by Product – Revenue and Forecast to 2028 (US$ Million)

Table 54. South Korea Industrial Insulation Market, by End-User– Revenue and Forecast to 2028 (US$ Million)

Table 55. Rest of Asia-Pacific Industrial Insulation Market, by Raw Material– Revenue and Forecast to 2028 (US$ Million)

Table 56. Rest of Asia-Pacific Industrial Insulation Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 57. Rest of Asia-Pacific Industrial Insulation Market, by End-User– Revenue and Forecast to 2028 (US$ Million)

Table 58. Middle East and Africa Industrial Insulation Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)

Table 59. Middle East and Africa Industrial Insulation Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 60. Middle East and Africa Industrial Insulation Market, by End-User– Revenue and Forecast to 2028 (US$ Million)

Table 61. South Africa Industrial Insulation Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)

Table 62. South Africa Industrial Insulation Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 63. South Africa Industrial Insulation Market, by End-User– Revenue and Forecast to 2028 (US$ Million)

Table 64. Saudi Arabia Industrial Insulation Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)

Table 65. Saudi Arabia Industrial Insulation Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 66. Saudi Arabia Industrial Insulation Market, by End-User– Revenue and Forecast to 2028 (US$ Million)

Table 67. UAE Industrial Insulation Market, by Raw Material– Revenue and Forecast to 2028 (US$ Million)

Table 68. UAE Industrial Insulation Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 69. UAE Industrial Insulation Market, by End-User– Revenue and Forecast to 2028 (US$ Million)

Table 70. Rest of the Middle East and Africa Industrial Insulation Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)

Table 71. Rest of the Middle East and Africa Industrial Insulation Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 72. Rest of the Middle East and Africa Industrial Insulation Market, by End-User– Revenue and Forecast to 2028 (US$ Million)

Table 73. South and Central America Industrial Insulation Market, by Raw Material– Revenue and Forecast to 2028 (US$ Million)

Table 74. South and Central America Industrial Insulation Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 75. South and Central America Industrial Insulation Market, by End-User– Revenue and Forecast to 2028 (US$ Million)

Table 76. Brazil Industrial Insulation Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)

Table 77. Brazil Industrial Insulation Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 78. Brazil Industrial Insulation Market, by End-User– Revenue and Forecast to 2028 (US$ Million)

Table 79. Argentina Industrial Insulation Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)

Table 80. Argentina Industrial Insulation Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 81. Argentina Industrial Insulation Market, by End-User– Revenue and Forecast to 2028 (US$ Million)

Table 82. Rest of South and Central America Industrial Insulation Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)

Table 83. Rest of South and Central America Industrial Insulation Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 84. Rest of South and Central America Industrial Insulation Market, by End-User– Revenue and Forecast to 2028 (US$ Million)

Table 85. Glossary of Terms, Global Industrial Insulation Market

LIST OF FIGURES

Figure 1. Industrial Insulation Market Segmentation

Figure 2. Industrial Insulation Market Segmentation – By Geography

Figure 3. Global Industrial Insulation Market Overview

Figure 4. Global Industrial Insulation Market, By Raw Material

Figure 5. Global Industrial Insulation Market, by Geography

Figure 6. Global Industrial Insulation Market, Industry Landscape

Figure 7. North America: PEST Analysis

Figure 8. Europe: PEST Analysis

Figure 9. Asia Pacific: PEST Analysis

Figure 10. Middle East and Africa: PEST Analysis

Figure 11. South and Central America: PEST Analysis

Figure 12. Expert Opinion

Figure 13. Global Industrial Insulation Market Impact Analysis of Drivers and Restraints

Figure 14. Geographic Overview of Industrial Insulation Market

Figure 15. Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. Industrial Insulation Market Revenue Share, By Raw Material (2021 and 2028)

Figure 17. Wool: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)

Figure 18. Foams: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)

Figure 19. Fibers and Others: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)

Figure 20. Industrial Insulation Market Revenue Share, By Product (2021 and 2028)

Figure 21. Pipe: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)

Figure 22. Board: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)

Figure 23. Blanket: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)

Figure 24. Others: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)

Figure 25. Industrial Insulation Market Revenue Share, By End User (2021 and 2028)

Figure 26. Power Generation: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)

Figure 27. Chemical and Petrochemical: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)

Figure 28. Cement: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)

Figure 29. Food and Beverage: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)

Figure 30. Others: Industrial Insulation Market – Revenue and Forecast To 2028 (US$ Million)

Figure 31. Global Zinc oxide Market Revenue Share, by Region (2021 and 2028)

Figure 32. North America: Industrial Insulations Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. North America: Industrial Insulations Market Revenue Share, by Raw Material (2021 and 2028)

Figure 34. North America: Industrial Insulations Market Revenue Share, by Product (2021 and 2028)

Figure 35. North America: Industrial Insulations Market Revenue Share, by End User (2021 and 2028)

Figure 36. North America: Industrial Insulations Market Revenue Share, by Key Country (2020 and 2028)

Figure 37. US: Industrial Insulations Market –Revenue and Forecast to 2028 (US$ Million)

Figure 38. Canada: Industrial Insulations Market –Revenue and Forecast to 2028 (US$ Million)

Figure 39. Mexico: Industrial Insulations Market –Revenue and Forecast to 2028 (US$ Million)

Figure 40. Europe: Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)

Figure 41. Europe: Industrial Insulation Market Revenue Share, by Raw Material (2021 and 2028)

Figure 42. Europe: Industrial Insulation Market Revenue Share, by Product (2021 and 2028)

Figure 43. Europe: Industrial Insulation Market Revenue Share, by End-User (2021 and 2028)

Figure 44. Europe: Industrial Insulation Market Revenue Share, by Key Country (2021 and 2028)

Figure 45. Germany: Industrial Insulation Market–Revenue and Forecast to 2028 (US$ Million)

Figure 46. France: Industrial Insulation Market–Revenue and Forecast to 2028 (US$ Million)

Figure 47. UK: Industrial Insulation Market–Revenue and Forecast to 2028 (US$ Million)

Figure 48. Italy: Industrial Insulation Market–Revenue and Forecast to 2028 (US$ Million)

Figure 49. Russia: Industrial Insulation Market–Revenue and Forecast to 2028 (US$ Million)

Figure 50. Rest of Europe: Industrial Insulation Market–Revenue and Forecast to 2028 (US$ Million)

Figure 51. Asia-Pacific: Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)

Figure 52. Asia-Pacific: Industrial Insulation Market Revenue Share, by Raw Material (2021 and 2028)

Figure 53. Asia-Pacific: Industrial Insulation Market Revenue Share, by Product (2020 and 2028)

Figure 54. Asia-Pacific: Industrial Insulation Market Revenue Share, by End-User (2021 and 2028)

Figure 55. Asia-Pacific: Industrial Insulation Market Revenue Share, by Key Country (2021 and 2028)

Figure 56. Australia: Industrial Insulation Market –Revenue and Forecast to 2028 (US$ Million)

Figure 57. China: Industrial Insulation Market –Revenue and Forecast to 2028 (US$ Million)

Figure 58. India: Industrial Insulation Market –Revenue and Forecast to 2028 (US$ Million)

Figure 59. Japan: Industrial Insulation Market –Revenue and Forecast to 2028 (US$ Million)

Figure 60. South Korea: Industrial Insulation Market –Revenue and Forecast to 2028 (US$ Million)

Figure 61. Rest of Asia-Pacific: Industrial Insulation Market –Revenue and Forecast to 2028 (US$ Million)

Figure 62. Middle East and Africa: Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)

Figure 63. Middle East and Africa: Industrial Insulation Market Revenue Share, by Raw Material (2021 and 2028)

Figure 64. Middle East and Africa: Industrial Insulation Market Revenue Share, by Product (2021 and 2028)

Figure 65. Middle East and Africa: Industrial Insulation Market Revenue Share, by End-User (2021 and 2028)

Figure 66. Middle East and Africa: Industrial Insulation Market Revenue Share, By Key Country (2021 And 2028)

Figure 67. South Africa: Industrial Insulation Market –Revenue and Forecast to 2028 (US$ Million)

Figure 68. Saudi Arabia: Industrial Insulation Market –Revenue and Forecast to 2028 (US$ Million)

Figure 69. UAE: Industrial Insulation Market –Revenue and Forecast to 2028 (US$ Million)

Figure 70. Rest of the Middle East and Africa: Industrial Insulation Market –Revenue and Forecast to 2028 (US$ Million)

Figure 71. South and Central America: Industrial Insulation Market – Revenue and Forecast to 2028 (US$ Million)

Figure 72. South and Central America: Industrial Insulation Market Revenue Share, by Raw Material (2021 and 2028)

Figure 73. South and Central America: Industrial Insulation Market Revenue Share, by Product (2021 and 2028)

Figure 74. South and Central America: Industrial Insulation Market Revenue Share, by Application (2021 and 2028)

Figure 75. South and Central America: Industrial Insulation Market Revenue Share, by Key Country (2021 and 2028)

Figure 76. Brazil: Industrial Insulation Market –Revenue and Forecast to 2028 (US$ Million)

Figure 77. Argentina: Industrial Insulation Market –Revenue and Forecast to 2028 (US$ Million)

Figure 78. Rest of South and Central America: Industrial Insulation Market –Revenue and Forecast to 2028 (US$ Million)

Figure 79. Impact of COVID-19 Pandemic on Major Countries in North America

Figure 80. Impact of COVID-19 Pandemic on Major Countries in Europe

Figure 81. Impact of COVID-19 Pandemic on Major Countries in Asia Pacific

Figure 82. Impact of COVID-19 Pandemic in Major Countries in Middle East & Africa

Figure 83. Impact of COVID-19 Pandemic on Major Countries in South and Central America

The List of Companies - Industrial Insulation Market

  1. Nichias Corporation
  2. Aspen Aerogels Inc.
  3. McAllister Mills Inc.
  4. ROCKWOOL A/S
  5. SAINT GOBAIN S.A.
  6. Knauf Insulation
  7. Kingspan Group
  8. CABOT CORPORATION
  9. Johns Manville
  10. Thomas Group

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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