![Global Industrial Insulation Market](https://res.cloudinary.com/devmoveo/image/upload/v1685108733/skyquest/gallery/Global-Industrial-Insulation-Market.jpg)
Report ID: SQMIG15E2468
Report ID:
SQMIG15E2468 |
Region:
Global |
Published Date: August, 2024
Pages:
184
|
Tables:
68 |
Figures:
75
North America currently dominates the industrial insulation market, owing to the presence of a large number of key players, robust industrial sector, and stringent energy efficiency regulations. In 2023, the region accounted for approximately 38.25% of the global market share. The United States, in particular, is a major contributor to the North American industrial insulation market, thanks to the country's focus on energy-efficient infrastructure and increasing investments in industrial activities.
On the other hand, the Asia Pacific region is expected to be the fastest-growing market for industrial insulation during the forecast period. This growth is driven by factors such as the increasing demand for energy-efficient insulation materials in industrial applications, rising awareness regarding energy conservation, and the booming industrial sector in countries such as China and India. The market in this region is expected to grow at a CAGR of 7.8% between 2024 to 2031.
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Report ID: SQMIG15E2468