Global Tank Insulation Market Overview:
Tank insulation also called as Lamella tank wraps. Tank insulation is used in industrial applications to insulate horizontal/vertical tanks as well as vessels. There are two type of tank insulation such as storage and transportation. Increasing application in oil &gas as well as chemical industry will help to boost global tank insulation market. Some of the key players profiled in the study are Rockwool International A/S (Denmark), Owens Corning (United States), Saint-Gobain (France), Kingspan Group (Republic of Ireland), Armacell International S.A. (Germany), Cabot Corporation (United States), Johns Manville (United States), Knauf Insulation (United States), BASF SE (Germany) and Covestro AG (Germany).
On the basis of geography, the market of Tank Insulation 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). If we see Market by Temperature, the sub-segment i.e. Hot will boost the Tank Insulation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use Industry, the sub-segment i.e. Oil & Gas will boost the Tank Insulation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. PU & PIR will boost the Tank Insulation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Fueling Demand in Oil, Gas and Chemicals Industry
- Rapid Growth in Industrialization
Market Trend
- Rising Adoption of Cryogenic Insulation
- Increasing Use of Renewable Insulation Materials
Restraints
- Volatile Prices of Raw Material
Opportunities
- Up Surging Demand in Emerging Countries Due to Rapid Development in Industry
- Ongoing Technological Development in Tank Insulation
Challenges
- Rising number of Incidences Related to Safety
- Increasing Health Threats
On 5th October 2018, Saint-Gobain a leading provider of construction material from France has acquired 100% shares of Kaimann GmbH International, which is one of Europe’s leading manufacturers of elastomeric insulation products.
The global tank insulation market is highly fragmented due to presence of a large number of players such as Rockwool International A/S (Denmark), Owens Corning (United States), Saint-Gobain (France), Kingspan Group (Republic of Ireland), Armacell International S.A. (Germany) and others. However to gain market share in upcoming year players have to accept various growth strategies such as expansions, acquisitions, new product launches, and agreements to enlarge their presence.
Target Audience:
Tank Insulation Manufactures, Tank Insulation Distributors, Government Regulatory Bodies, Government and Private Research organization and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Tank Insulation market on the basis of product [Storage and Transportation] , application [], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Tank Insulation market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Tank Insulation industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Huntsman International (United States), Paroc (Finland) and TechnoNICOL Corporation (Russia).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Tank Insulation market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.