Global Tank Insulation Market report published by Reports and Data offers a comprehensive analysis of the industry with regards to market share, market size, revenue growth, trends and demands, drivers and restraints, business landscape, regional bifurcation, and competitive scenario. The market size is estimated using a top-down approach, where data for various end-user segments was recorded and forecasted for the future years. The study is useful in providing answers to several critical questions that are important for the industry stakeholders, partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Global Global Tank Insulation Market is forecast to reach USD 7,681.6 Million by 2028, according to a new report by Reports and Data. Global Tank Insulation is used to cover bulk storage tanks and reduce heat gain or loss for a large tank that store temperature-sensitive materials.
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Key players operating in the market:
Armacell International S.A., Saint-Gobain, Johns Manville, BASF SE, Rockwool International A/S, Owens Corning, Covestro AG, Huntsman Corporation, Dunmore Corporation, and Gilsulate International, Inc., among others.
Further key findings from the report suggest
Hot insulation is forecasted to hold a market share of 54.2% in the year 2026. Insulation for hot tanks reduces energy consumption, accelerates the heating process, and maintain the required operating temperature.
Polyurethane (PU) Polyisocyanurate (PIR) held a market share of 27.8% in the year 2018. The PU or PIR foam used is resistant to moisture and fire, is lightweight and has low thermal density and conductivity. It also provides better structural performance. These features make it perfect to be used in cold climate.
The chemical industry held a market share of 24.3% in the year 2018. The demand for Global Tank Insulation, the increase in the number of chemical companies in the world, especially in the Asia-Pacific region, is expected to boost the market for Global Tank Insulation.
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chemical and materials industry has observed rapid digital transformation, innovations and advancements in chemical processing, globalization, sustainability, and development of robust supply chain. Increasing incidence of uncertainties in chemical production and development have further increased focus on risk management solutions. Chemical and materials industry supplies raw materials to a number of end-use industries such as petrochemicals, solvents, manufacturing and construction, and healthcare, among others. Increasing integration of advanced technology in the manufacturing and production processes along with a growing focus on producing environmentally sustainable chemicals and materials is further expected to revolutionize the Global Tank Insulation market over the forecast period.
The report further offers key insights into strategic alliances and ventures undertaken by key companies in the market to cater to the growing global demand, capitalize on lucrative opportunities, and gain a robust footing in the market. It focuses on mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, and deals.
The report further offers a regional segmentation of the Global Tank Insulation market with regards to production and consumption rate, revenue share, market share, trends, consumer preference, regulatory framework, economic factors, investment and funding opportunities, RD activities, technological advancements, product launches, import/export, supply and demand ratio, and presence of key players in each region. The report divides the Global Tank Insulation market into 5 key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa. The global Global Tank Insulation market report also offers a country-wise analysis to impart a clear picture of the growth of the Global Tank Insulation market in each region.
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Storage Global Tank Insulation
Transportation Global Tank Insulation
End-Use Industry Outlook
Oil and Gas
Food and Beverage
Energy and Power
Regional analysis covers the following key regions:
North America (U.S.A., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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