What is Insulating Blankets Market?
Insulation blanket is made of different layers of thermal insulation materials. It is used to seal the mechanical components which maximizes the efficiency, regulates temperature and improve safety. The insulation blanket can also be customized for resistance of factors such as extreme heat, high pressure, vibration moisture oil, chemicals and steam. Furthermore, it has various applications such as Injection molding, pre heaters, hoppers and driers, hot oil lines and others. Also, the insulation blanket helps in cost reduction. These factors are increasing the demand of insulation blanket which is fueling the market growth.
The market study is being classified by Type (Conventional Insulation Type and Antiskid Insulated Type) and major geographies with country level break-up.
YOTSUGI (Japan), Hubbell (United States), Oberon (United States), Magid (United States), Sicame (France), Firwin (United States), M&O Insulation (United States) and Thermal Products (United States) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Insulating Blankets market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Insulating Blankets market by Type, Application and Region.
On the basis of geography, the market of Insulating Blankets has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Wide Applications of Insulation Blanket is Fueling the Market
- Cost Effectiveness and Increased Efficiency Due to the Use of Insulation Blanket
Market Trend
- Technological Advancements in Insulation Blanket
Restraints
- Fluctuating Raw Material Price Coupled with Uncommon Usage Such as Rock Wool
Opportunities
- Rising Industrialization in Developing Economies
Challenges
- Environmental Issues Such as the Phenol Formaldehyde which has Been Associated with Cancer
Market Leaders and some development strategies
In October 2019, Oberon is acquired by Chatsworth products which is a manufacturer of information and communication technology. This acquisition will benefit the customers who are looking for extending their network.
In 2018, Unifrax has launched Insulfrax LTF products. It comes with enhanced physical properties to improve thermal performance and product handling.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations