Tank Insulation Market Size, Share and Forecast (2019-2026)

SKU: DPC433 | Last Updated On: 2019-08-30 | No. of Pages: 176 | Available Formats

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In January 2019, Duna-USA announced has completed a multi-million-dollar expansion of its headquarters and polyurethane foam manufacturing facility in Baytown.

Market Overview

Tank insulation is a combination of materials that add a shielding covering to tanks and diminishes the heat loss or heat gain from surfaces operating at temperatures above or below the surrounding temperature. Tank insulation is eco-friendly; it helps to reduce environmental pollution. Tank insulation is used for storage of gases like LPG, carbon dioxide, LNG, propylene, argon, ethylene, butane, nitrogen, chlorine, propane, LPG, ammonia, oxygen and hydrogen. By end user, the tank insulation market is segmented into chemical, oil & gas, power and food & beverage and others. Increasing urbanization, rapid industrialization and rising investment in the energy sector are the major drivers impacting the market in Asia Pacific in the forecast period.

The global tank insulation market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.

Market Dynamics

Increasing the usage of renewable insulation materials and rising demand from oil & gas and chemical industries are the major driving factors for the market growth. The increasing production of oil in countries such as the US, Russia and gulf countries like Saudi Arabia, Iran drives the demand for tank insulation. The world’s energy system is going through a transition. Over the next thirty years it will change significantly in its composition as it decouples from carbon, population and economic growth. Demand growth for energy especially for oil and gas is expected to come from emerging economies, with the largest growth markets being China, India, South East Asia and Sub-Saharan Africa. For instance, China’s has initiated to increase 2019 capital investment in oil exploration by 20%, to USD 77 billion, in order to boost production in two old oilfields signals a new strategic direction.

However, Fluctuations in raw materials prices is the key reason hindering the growth of the market.

Segment Analysis

By end user, the tank insulation market is segmented into chemical, oil & gas, power and food & beverage and others. Others include pharmaceutical, metal and water treatment. The global tank insulation market size by end user was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. Oil and gas are expected to hold the major market share in the forecast period due to the rapid transformation of energy industry. The demand for LNG as a fuel worldwide is estimated to increase the demand for tank insulation in the oil & gas industry. In general, Oil & natural gases and liquefied natural gases (LNG) are stored in the liquefaction plant, where conversion of natural gas into a liquid state is undertaken. Tank insulations are being used for transportation & storage vessels purpose. Insulating tanks help in maintaining the actual form of LNG while storing and transporting.

Based on the material, the material is classified into rockwool, elastomeric foam, polystyrene, rockwool, PU & PIR and others. Others include mineral wood and rubber. The global tank insulation market size by material was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. The PU & PIR segment is expected to grab the major market share owing to the growth of oil& gas industry in the forecast period globally.

Rigid polyurethane (PUR) or polyisocyanurate (PIR) foam blocks manufactured through a controlled foaming process, free of CFC and HCFC. The manufactured products are excellent thermal insulators with high mechanical properties, high rigidity and light weight. These are used in food processing plants and cold stores. Companies are focusing to expand their operations. For instance, in January 2019, Duna-USA announced has completed a multi-million-dollar expansion of its headquarters and polyurethane foam manufacturing facility in Baytown.

By type, the insulation market is divided into transportation and storage.

Geographical Analysis

The Asia Pacific tank insulation market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.

Increasing urbanization, rapid industrialization and rising investment in the energy sector are the major drivers impacting the market in Asia Pacific in the forecast period. For instance, the international equity investment in the India’s clean energy sector was USD 283 million in 2016, USD 532 million in 2017 and USD 1.02 billion in 2018. China and India are expected to garb major share in the forecast period due to the great demand for transporting and storing tank fluids from the industries like energy & power and chemicals. For instance, GIC Holdings Pte Ltd and Abu Dhabi Investment Authority (ADIA) that have agreed to invest an USD 329 million in Indian based company Greenko Energy Holdings.

Competitive Landscape

The tank insulation market is a competitive with existing players in the market.

Some of the major players include BASF SE, Covestro AG, Cabot Corporation, Johns Manville, Knauf Insulation, Saint-Gobain, Owens Corning, Rockwool International A/S, Armacell International S.A and Kingspan Group PLC

Companies are focusing to expand their operations. For instance, in January 2019, Duna-USA announced that they have completed a multi-million-dollar expansion of its headquarters and polyurethane foam manufacturing facility in Baytown.

In October 2018, Saint-Gobain has acquired Kaimann GmbH International a leading manufacturers of elastomeric insulation products.

In May 2018, Armacell acquired De Xu elastomeric insulation foams to strengthen its production capacity in China.

Why Purchase the Report?

  • Visualize the composition of the tank insulation in terms of various types of materials, types and their end users highlighting the key commercial assets and players.
  • Identify commercial opportunities in tank insulation market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of tank insulation market - level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

 

The Tank Insulation report would provide an access to an approx, 61 data tables, 56 figures and 245 pages.

 

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers
  1. Tank Insulation Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Tank Insulation Market – Market Definition and Overview

  3. Tank Insulation Market – Executive Summary

    1. Market Snippet by Type
    2. Market Snippet by End User
    3. Market Snippet by Material
    4. Market Snippet by Region
  4. Tank Insulation Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Increasing the usage of renewable insulation materials
        2. Rising demand from oil & gas and chemical industries
      2. Restraints
        1. Fluctuations in raw materials prices
      3. Opportunity
      4. Impact Analysis
  5. Tank Insulation Market – Industry Analysis

    1. Porter's Five Forces Analysis
    2. Regulatory Analysis
    3. Supply Chain Analysis
    4. Pricing Analysis
  6. Tank Insulation Market – By Type

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      2. Market Attractiveness Index, By Type
    2. Transportation*
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
    3. Storage
  7. Tank Insulation Market – By End User
    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End User
      2. Market Attractiveness Index, By End User
    2. Chemical*
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
    3. Power
    4. Food & Beverage
    5. Oil and Gas
    6. Others (Pharmaceutical, metal and water treatment)
  8. Tank Insulation Market – By Material

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material
      2. Market Attractiveness Index, By Material
    2. Rockwool*
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
    3. Elastomeric Foam
    4. Polystyrene
    5. PU & PIR
    6. Fiberglass
    7. Others (Cellular Glass, Mineral wood, Rubber)
  9. Tank Insulation Market - By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End User
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. The U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End User
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. The U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End User
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End User
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. The Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End User
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material
  10. Tank Insulation Market Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  11. Tank Insulation Market Company Profiles

    1. BASF SE*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Covestro AG
    3. Cabot Corporation
    4. Johns Manville
    5. Knauf Insulation
    6. Saint-Gobain
    7. Owens Corning
    8. Rockwool International A/S
    9. Armacell International S.A
    10. Kingspan Group PLC ("List not exhaustive")
  12. Tank Insulation Market – DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

LIST OF TABLES:
Table 01 Global Tank Insulation Market Value, By Type, 2018,2022 & 2026 (USD Million)
Table 02 Global Tank Insulation Market Value, By End User, 2018,2022 & 2026 (USD Million)
Table 03 Global Tank Insulation Market Value, By Material, 2018,2022 & 2026 (USD Million)
Table 04 Global Tank Insulation Market Value, By Region, 2018,2022 & 2026 (USD Million)
Table 05 Global Tank Insulation Market Value, By Type, 2018,2022 & 2026 (USD Million)
Table 06 Global Tank Insulation Market Value, By Type, 2017-2026 (USD Million)
Table 07 Global Tank Insulation Market Value, By End User, 2018,2022 & 2026 (USD Million)
Table 08 Global Tank Insulation Market Value, By End User, 2017-2026 (USD Million)
Table 09 Global Tank Insulation Market Value, By Material, 2018,2022 & 2026 (USD Million)
Table 10 Global Tank Insulation Market Value, By Material, 2017-2026 (USD Million)
Table 11 Global Tank Insulation Market Value, By Region, 2018,2022 & 2026 (USD Million)
Table 12 Global Tank Insulation Market Value, By Region, 2017-2026 (USD Million)
Table 13 North America Tank Insulation Market Value, By Type, 2017-2026 (USD Million)
Table 14 North America Tank Insulation Market Value, By End User, 2017-2026 (USD Million)
Table 15 North America Tank Insulation Market Value, By Material, 2017-2026 (USD Million)
Table 16 North America Tank Insulation Market Value, By Country, 2017-2026 (USD Million)
Table 17 South America Tank Insulation Market Value, By Type, 2017-2026 (USD Million)
Table 18 South America Tank Insulation Market Value, By End User, 2017-2026 (USD Million)
Table 19 South America Tank Insulation Market Value, By Material, 2017-2026 (USD Million)
Table 20 South America Tank Insulation Market Value, By Country, 2017-2026 (USD Million)
Table 21 Europe Tank Insulation Market Value, By Type, 2017-2026 (USD Million)
Table 22 Europe Tank Insulation Market Value, By End User, 2017-2026 (USD Million)
Table 23 Europe Tank Insulation Market Value, By Material, 2017-2026 (USD Million)
Table 24 Europe Tank Insulation Market Value, By Country, 2017-2026 (USD Million)
Table 25 Asia-Pacific Tank Insulation Market Value, By Type, 2017-2026 (USD Million)
Table 26 Asia-Pacific Tank Insulation Market Value, By End User, 2017-2026 (USD Million)
Table 27 Asia-Pacific Tank Insulation Market Value, By Material, 2017-2026 (USD Million)
Table 28 Asia-Pacific Tank Insulation Market Value, By Country, 2017-2026 (USD Million)
Table 29 Middle East & Africa Tank Insulation Market Value, By Type, 2017-2026 (USD Million)
Table 30 Middle East & Africa Tank Insulation Market Value, By End User, 2017-2026 (USD Million)
Table 31 Middle East & Africa Tank Insulation Market Value, By Material, 2017-2026 (USD Million)
Table 32 BASF SE: Overview
Table 33 BASF SE: Product Portfolio
Table 34 BASF SE: Key Developments
Table 35 Covestro AG: Overview
Table 36 Covestro AG: Product Portfolio
Table 37 Covestro AG: Key Developments
Table 38 Cabot Corporation: Overview
Table 39 Cabot Corporation: Product Portfolio
Table 40 Cabot Corporation: Key Developments
Table 41 Johns Manville: Overview
Table 42 Johns Manville: Product Portfolio
Table 43 Johns Manville: Key Developments
Table 44 Knauf Insulation: Overview
Table 45 Knauf Insulation: Product Portfolio
Table 46 Knauf Insulation: Key Developments
Table 47 Saint-Gobain: Overview
Table 48 Saint-Gobain: Product Portfolio
Table 49 Saint-Gobain: Key Developments
Table 50 Owens Corning : Overview
Table 51 Owens Corning : Product Portfolio
Table 52 Owens Corning : Key Developments
Table 53 Rockwool International A/S: Overview
Table 54 Rockwool International A/S: Product Portfolio
Table 55 Rockwool International A/S: Key Developments
Table 56 Armacell International S.A: Overview
Table 57 Armacell International S.A: Product Portfolio
Table 58 Armacell International S.A: Key Developments
Table 59 Kingspan Group PLC : Overview
Table 60 Kingspan Group PLC : Product Portfolio
Table 61 Kingspan Group PLC : Key Developments

LIST OF FIGURES:
Figure 01 Global Tank Insulation Market Share, By Type, 2018 & 2026 (%)
Figure 02 Global Tank Insulation Market Share, By End User, 2018 & 2026 (%)
Figure 03 Global Tank Insulation Market Share, By Material, 2018 & 2026 (%)
Figure 04 Global Tank Insulation Market Share, By Region, 2018 & 2026 (%)
Figure 05 Global Tank Insulation Market Value, 2017-2026 (USD Million)
Figure 06 Global Tank Insulation Market Y-o-Y Growth, By Type, 2018-2026 (%)
Figure 07 Transportation: Global Tank Insulation Market Value, 2017-2026 (USD Million)
Figure 08 Storage: Global Tank Insulation Market Value, 2017-2026 (USD Million)
Figure 09 Global Tank Insulation Market Y-o-Y Growth, By End User, 2018-2026 (%)
Figure 10 Chemical: Global Tank Insulation Market Value, 2017-2026 (USD Million)
Figure 11 Power: Global Tank Insulation Market Value, 2017-2026 (USD Million)
Figure 12 Food & Beverages: Global Tank Insulation Market Value, 2017-2026 (USD Million)
Figure 13 Oil and Gas: Global Tank Insulation Market Value, 2017-2026 (USD Million)
Figure 14 Others: Global Tank Insulation Market Value, 2017-2026 (USD Million)
Figure 15 Global Tank Insulation Market Y-o-Y Growth, By Material, 2018-2026 (%)
Figure 16 Rockwool: Global Tank Insulation Market Value, 2017-2026 (USD Million)
Figure 17 Elastomeric Foam: Global Tank Insulation Market Value, 2017-2026 (USD Million)
Figure 18 Polystyrene : Global Tank Insulation Market Value, 2017-2026 (USD Million)
Figure 19 PU & PIR: Global Tank Insulation Market Value, 2017-2026 (USD Million)
Figure 20 Fibre Glass: Global Tank Insulation Market Value, 2017-2026 (USD Million)
Figure 21 Others: Global Tank Insulation Market Value, 2017-2026 (USD Million)
Figure 22 Global Tank Insulation Market Y-o-Y Growth, By Region, 2018-2026 (%)
Figure 23 North America Tank Insulation Market Value, 2017-2026 (USD Million)
Figure 24 North America Tank Insulation Market Share, By Type, 2018 & 2026 (%)
Figure 25 North America Tank Insulation Market Share, By End User, 2018 & 2026 (%)
Figure 26 North America Tank Insulation Market Share, By Material, 2018 & 2026 (%)
Figure 27 North America Tank Insulation Market Share, By Country, 2018 & 2026 (%)
Figure 28 South America Tank Insulation Market Value, 2017-2026 (USD Million)
Figure 29 South America Tank Insulation Market Share, By Type, 2018 & 2026 (%)
Figure 30 South America Tank Insulation Market Share, By End User, 2018 & 2026 (%)
Figure 31 South America Tank Insulation Market Share, By Material, 2018 & 2026 (%)
Figure 32 South America Tank Insulation Market Share, By Country, 2018 & 2026 (%)
Figure 33 Europe Tank Insulation Market Value, 2017-2026 (USD Million)
Figure 34 Europe Tank Insulation Market Share, By Type, 2018 & 2026 (%)
Figure 35 Europe Tank Insulation Market Share, By End User, 2018 & 2026 (%)
Figure 36 Europe Tank Insulation Market Share, By Material, 2018 & 2026 (%)
Figure 37 Europe Tank Insulation Market Share, By Country, 2018 & 2026 (%)
Figure 38 Asia-Pacific Tank Insulation Market Value, 2017-2026 (USD Million)
Figure 39 Asia-Pacific Tank Insulation Market Share, By Type, 2018 & 2026 (%)
Figure 40 Asia-Pacific Tank Insulation Market Share, By End User, 2018 & 2026 (%)
Figure 41 Asia-Pacific Tank Insulation Market Share, By Material, 2018 & 2026 (%)
Figure 42 Asia-Pacific Tank Insulation Market Share, By Country, 2018 & 2026 (%)
Figure 43 Middle East & Africa Tank Insulation Market Value, 2017-2026 (USD Million)
Figure 44 Middle East & Africa Tank Insulation Market Share, By Type, 2018 & 2026 (%)
Figure 45 Middle East & Africa Tank Insulation Market Share, By End User, 2018 & 2026 (%)
Figure 46 Middle East & Africa Tank Insulation Market Share, By Material, 2018 & 2026 (%)
Figure 47 BASF SE: Financials
Figure 48 Covestro AG: Financials
Figure 49 Cabot Corporation: Financials
Figure 50 Johns Manville: Financials
Figure 51 Knauf Insulation: Financials
Figure 52 Saint-Gobain: Financials
Figure 53 Owens Corning : Financials
Figure 54 Rockwool International A/S: Financials
Figure 55 Armacell International S.A: Financials
Figure 56 Kingspan Group PLC : Financials
 

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