Key players operating in the technical insulation are Zotefoams Plc, Owens Corning, Kingspan Group Plc, Rockwool International A/S, Recticel NV/SA, Morgan Advanced Materials plc, Armacell International S.A., Aspen Aerogels, Inc., Knauf Insulation, Saint-Gobain, Palziv Inc., Neo Thermal Insulation (India) Pvt. Ltd., NMC Insulation, Armacell, Mayplas, and Proteus Waterproofing Limited. Zotefoams Plc and Owens Corning captures significant market share due to their diverse product portfolio and global presence.

The growing demand from oil & gas industry has propelled the growth of Technical Insulation Market Size. The oil & gas industry uses technical insulation for process piping, equipment, boilers, pressure vessels etc. to reduce heat loss and avoid corrosion. With increasing oil & gas projects worldwide, the demand for technical insulation is growing substantially.

The expanding industrialization and infrastructural activities across regions such as Asia Pacific, Middle East & Africa has boosted the global expansion of technical insulation market. The increasing investments in setting up new petrochemical plants, power generation facilities and industrial units has augmented the consumption of technical insulation materials for thermal stability and noise control in these regions.

Explore Our More Blogs on Technical Insulation Market