The global industrial insulation market size is expected to reach USD 12.10 billion by 2030, expanding at a compound annual growth rate (CAGR) of 5.0%, according to a new report by Grand View Research, Inc. The increasing demand for adequate thermal insulation for industrial equipment for energy-efficient operations, and economical design, is expected to drive the market during the...

The global industrial insulation market was valued at USD 8.21 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.0% from 2023 to 2030. The market's growth is driven by the increasing demand for insulation in various industrial applications to enhance process efficiency, control condensation, reduce noise, provide freeze protection, and reduce environmental...