산업용 단열재 시장 - 세계 산업 규모, 점유율, 동향, 기회, 예측 : 재료별, 제품 형태별, 최종 이용 산업별, 지역별＆경쟁(2021-2031년)

The Global Industrial Thermal Insulation Market is projected to expand from USD 4.15 Billion in 2025 to USD 5.49 Billion by 2031, registering a CAGR of 4.77%. This sector involves specialized materials applied to mechanical infrastructure, such as piping, tanks, and boilers, designed to regulate heat transfer and sustain process temperatures. The market is primarily underpinned by the essential need for energy efficiency to reduce operational expenses, rigorous environmental mandates aimed at limiting greenhouse gas emissions, and strict personnel safety requirements. These driving forces differ from general market trends as they represent foundational operational necessities rather than transient preferences.

One major obstacle hindering market progress is Corrosion Under Insulation (CUI), which leads to equipment deterioration and necessitates costly maintenance or replacement. Despite this hurdle, the potential for positive environmental influence remains a significant growth catalyst. According to the European Industrial Insulation Foundation (EIIF), in 2024, the deployment of energy-efficient technical insulation throughout the European industry offered a chance to lower annual CO2 emissions by 40 million tonnes. This data underscores the significant, measurable value that insulation provides to industrial decarbonization initiatives.

Market Driver

Rigorous regulatory frameworks emphasizing energy efficiency and emission control are fundamentally transforming the industry. Governments are actively incentivizing the retrofitting of industrial sites to achieve net-zero objectives, effectively mandating the use of high-performance insulation to conserve heat and minimize thermal energy loss. According to the U.S. Department of Energy, March 2024, in the 'Industrial Demonstrations Program' announcement, the administration allocated $6 billion to support decarbonization initiatives in energy-intensive sectors, highlighting the substantial capital enabling thermal management improvements. This regulatory momentum directly fuels financial growth for material suppliers providing these essential efficiency solutions; according to Aspen Aerogels, in 2024, the company reported annual revenue of $238.7 million for the previous fiscal year, largely due to enduring demand in the energy industrial segment.

Concurrently, the expansion of cryogenic applications and investments in LNG infrastructure act as a vital catalyst for specialized thermal solutions. The liquefaction and transportation of natural gas demand advanced insulation to sustain sub-zero temperatures and prevent boil-off, leading to significant procurement orders for cryogenic materials such as aerogels and cellular glass. According to QatarEnergy, February 2024, in the 'QatarEnergy announces new LNG expansion' press release, the entity committed to increasing its LNG production capacity to 142 million tonnes per annum before the end of 2030. This scale of infrastructure development requires extensive thermal protection systems to ensure process integrity and safety during transport, cementing the role of insulation in global energy security.

Market Challenge

Corrosion Under Insulation (CUI) remains a persistent difficulty that severely restricts the growth of the industrial thermal insulation market by weakening the economic rationale for insulation investments. This issue arises when moisture penetrates the insulation system and becomes trapped against the equipment surface, causing rapid, often unnoticed degradation of the underlying metal assets. Since this damage is concealed beneath protective cladding, facility operators must frequently resort to costly and labor-intensive inspection regimes. These operational challenges foster a market perception where insulation is seen as a potential risk to asset integrity rather than purely an energy-saving benefit, prompting decision-makers to delay new installations or restrict coverage in corrosive settings to mitigate future liabilities.

The financial consequences of this issue directly limit market expansion by redirecting essential capital expenditure from new insulation projects toward maintenance and repairs. According to the Association for Materials Protection and Performance, in 2023, the global cost of corrosion was estimated to be approximately 3.4 percent of the global Gross Domestic Product annually. A significant share of this economic loss stems from industrial infrastructure degradation, forcing companies to favor budget allocations for asset replacement rather than adopting advanced insulation systems. This diversion of funds retards the overall momentum of the market as end-users struggle to balance energy efficiency goals with the high costs associated with mitigating insulation-related corrosion failures.

Market Trends

The Integration of IoT-Enabled Smart Insulation Monitoring Systems is revolutionizing the industry by turning passive thermal barriers into active asset management instruments. Operators are utilizing sensor-based technologies to identify Corrosion Under Insulation (CUI) in real-time, facilitating a shift from reactive repairs to predictive maintenance. This digitalization is essential for guaranteeing asset integrity in complex facilities where manual inspections are often prohibitively expensive. Underscoring this trend, major service providers are capitalizing on the demand for digitally integrated solutions that enhance operational visibility; according to Bilfinger, December 2024, in the 'Factbook', the company generated revenue of 5.0 billion EUR in the 2024 financial year, driven by its strategic focus on efficiency-enhancing digital applications and maintenance services.

Simultaneously, the Shift Toward Bio-Based and Recycled Insulation Materials is intensifying as the industry prioritizes reducing embodied carbon. Stakeholders are increasingly evaluating the lifecycle emissions of insulation products, preferring alternatives that uphold circular economy principles over traditional materials associated with high carbon footprints. This push for sustainability compels manufacturers to implement low-carbon production techniques and utilize recyclable inputs to meet clients' net-zero objectives. Demonstrating this commitment, industry leaders are setting aggressive climate benchmarks to guide their material stewardship; according to KAEFER, April 2025, in the 'ESG & Sustainability Report 2024', the firm committed to reducing its Scope 1 and 2 emissions by 50.4 percent by 2032, reflecting the pivot toward responsible material management.

Key Market Players

• Compagnie de Saint-Gobain
• ROCKWOOL A/S
• Owens Corning
• Knauf Insulation
• Armacell International S.A.
• Kraton Corporation
• BASF SE
• Huntsman International LLC
• Fletcher Building Group
• Johns Manville

Report Scope

In this report, the Global Industrial Thermal Insulation Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Industrial Thermal Insulation Market, By Material

• Calcium Silicate
• Mineral Fiber
• Foamed Plastic
• Perlite
• Cellular Glass and Others

Industrial Thermal Insulation Market, By Product Form

• Rigid Foam/Foam Board
• Flexible Foam
• Sprayed Foam
• Loose Fillers and Others

Industrial Thermal Insulation Market, By End Use Industry

• Petrochemical & Refineries
• Pharma & Biotechnology
• Power Generation
• Aerospace & Defense
• Automotive and Others

Industrial Thermal Insulation Market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Industrial Thermal Insulation Market.

Available Customizations:

Global Industrial Thermal Insulation Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Industrial Thermal Insulation Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Material (Calcium Silicate, Mineral Fiber, Foamed Plastic, Perlite, Cellular Glass and Others)
  • 5.2.2. By Product Form (Rigid Foam/Foam Board, Flexible Foam, Sprayed Foam, Loose Fillers and Others)
  • 5.2.3. By End Use Industry (Petrochemical & Refineries, Pharma & Biotechnology, Power Generation, Aerospace & Defense, Automotive and Others)
  • 5.2.4. By Region
  • 5.2.5. By Company (2025)
• 5.3. Market Map

6. North America Industrial Thermal Insulation Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Material
  • 6.2.2. By Product Form
  • 6.2.3. By End Use Industry
  • 6.2.4. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Industrial Thermal Insulation Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Material
      • 6.3.1.2.2. By Product Form
      • 6.3.1.2.3. By End Use Industry
  • 6.3.2. Canada Industrial Thermal Insulation Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Material
      • 6.3.2.2.2. By Product Form
      • 6.3.2.2.3. By End Use Industry
  • 6.3.3. Mexico Industrial Thermal Insulation Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Material
      • 6.3.3.2.2. By Product Form
      • 6.3.3.2.3. By End Use Industry

7. Europe Industrial Thermal Insulation Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Material
  • 7.2.2. By Product Form
  • 7.2.3. By End Use Industry
  • 7.2.4. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany Industrial Thermal Insulation Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Material
      • 7.3.1.2.2. By Product Form
      • 7.3.1.2.3. By End Use Industry
  • 7.3.2. France Industrial Thermal Insulation Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Material
      • 7.3.2.2.2. By Product Form
      • 7.3.2.2.3. By End Use Industry
  • 7.3.3. United Kingdom Industrial Thermal Insulation Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Material
      • 7.3.3.2.2. By Product Form
      • 7.3.3.2.3. By End Use Industry
  • 7.3.4. Italy Industrial Thermal Insulation Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Material
      • 7.3.4.2.2. By Product Form
      • 7.3.4.2.3. By End Use Industry
  • 7.3.5. Spain Industrial Thermal Insulation Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Material
      • 7.3.5.2.2. By Product Form
      • 7.3.5.2.3. By End Use Industry

8. Asia Pacific Industrial Thermal Insulation Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Material
  • 8.2.2. By Product Form
  • 8.2.3. By End Use Industry
  • 8.2.4. By Country
• 8.3. Asia Pacific: Country Analysis
  • 8.3.1. China Industrial Thermal Insulation Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Material
      • 8.3.1.2.2. By Product Form
      • 8.3.1.2.3. By End Use Industry
  • 8.3.2. India Industrial Thermal Insulation Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Material
      • 8.3.2.2.2. By Product Form
      • 8.3.2.2.3. By End Use Industry
  • 8.3.3. Japan Industrial Thermal Insulation Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Material
      • 8.3.3.2.2. By Product Form
      • 8.3.3.2.3. By End Use Industry
  • 8.3.4. South Korea Industrial Thermal Insulation Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Material
      • 8.3.4.2.2. By Product Form
      • 8.3.4.2.3. By End Use Industry
  • 8.3.5. Australia Industrial Thermal Insulation Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Material
      • 8.3.5.2.2. By Product Form
      • 8.3.5.2.3. By End Use Industry

9. Middle East & Africa Industrial Thermal Insulation Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Material
  • 9.2.2. By Product Form
  • 9.2.3. By End Use Industry
  • 9.2.4. By Country
• 9.3. Middle East & Africa: Country Analysis
  • 9.3.1. Saudi Arabia Industrial Thermal Insulation Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Material
      • 9.3.1.2.2. By Product Form
      • 9.3.1.2.3. By End Use Industry
  • 9.3.2. UAE Industrial Thermal Insulation Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Material
      • 9.3.2.2.2. By Product Form
      • 9.3.2.2.3. By End Use Industry
  • 9.3.3. South Africa Industrial Thermal Insulation Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Material
      • 9.3.3.2.2. By Product Form
      • 9.3.3.2.3. By End Use Industry

10. South America Industrial Thermal Insulation Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Material
  • 10.2.2. By Product Form
  • 10.2.3. By End Use Industry
  • 10.2.4. By Country
• 10.3. South America: Country Analysis
  • 10.3.1. Brazil Industrial Thermal Insulation Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Material
      • 10.3.1.2.2. By Product Form
      • 10.3.1.2.3. By End Use Industry
  • 10.3.2. Colombia Industrial Thermal Insulation Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Material
      • 10.3.2.2.2. By Product Form
      • 10.3.2.2.3. By End Use Industry
  • 10.3.3. Argentina Industrial Thermal Insulation Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Material
      • 10.3.3.2.2. By Product Form
      • 10.3.3.2.3. By End Use Industry

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Merger & Acquisition (If Any)
• 12.2. Product Launches (If Any)
• 12.3. Recent Developments

13. Global Industrial Thermal Insulation Market: SWOT Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Products

15. Competitive Landscape

• 15.1. Compagnie de Saint-Gobain
  • 15.1.1. Business Overview
  • 15.1.2. Products & Services
  • 15.1.3. Recent Developments
  • 15.1.4. Key Personnel
  • 15.1.5. SWOT Analysis
• 15.2. ROCKWOOL A/S
• 15.3. Owens Corning
• 15.4. Knauf Insulation
• 15.5. Armacell International S.A.
• 15.6. Kraton Corporation
• 15.7. BASF SE
• 15.8. Huntsman International LLC
• 15.9. Fletcher Building Group
• 15.10. Johns Manville

16. Strategic Recommendations

17. About Us & Disclaimer