Global Tank Insulation Market is valued approximately USD 5.2 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 4.50% over the forecast period 2019-2026. Tank insulation is a material or combination of materials that add a protective covering to tanks and reduces the heat gain or heat loss from surfaces operating at temperatures. Tanks are used in almost all the industries according to their variable size, shape and media temperature. There are various tanks that are used to store and transport liquid gases with low static evaporation, which increase the demand for tank insulation market growth globally. Rising demand for high-quality tanks in various sectors such as food & beverage, water treatment, and power generation is also boosting the growth of the tank insulation market. However, rising environmental awareness is another factor that increases the growth of the market over the forecasted period of 2019-2026.
The regional analysis of global Tank Insulation market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to the growing adoption of high-quality Tanks. Factors such as arising disposable income, rising demand for LNG, increasing investment in the energy sector, urbanization, industrialization, and infrastructural development would create lucrative growth prospects for the Tank Insulation market across Asia-Pacific region.
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Companies Covered in this Report are:
Rockwool International A/S
Armacell International S.A.
Kingspan Group PLC
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Pu & Pir
Storage Tank Insulation
Transportation Tank Insulation
By End-Use Industry:
Oil & Gas, Chemical
Food & Beverage
Energy & Power
Rest of the World
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Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Tank Insulation Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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