South America Industrial Insulation Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Raw Material (Wool, Foams, Fibres, and Others), Product (Pipe, Board, Blanket, and Others), and End User (Power Generation, Chemical and Petrochemical,

South America Industrial Insulation Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Raw Material (Wool, Foams, Fibres, and Others), Product (Pipe, Board, Blanket, and Others), and End User (Power Generation, Chemical and Petrochemical, Cement, Food and Beverage, and Others)

The SAM industrial insulation market is expected to grow from US$ 224.83 million in 2022 to US$ 267.84 million by 2028. It is estimated to grow at a CAGR of 3.0% from 2022 to 2028.

Increased Infrastructural Spending in Emerging Economies

With increase construction activities across the region, the demand for industrial insulation is increasing, industrial insulation in infrastructures help in protection from heat, fire, and corrosion. Industrial Insulation products when used in buildings deliver superior performance, which includes air sealing, moisture control, and thermal insulation. In commercial buildings saving on energy and operating costs is crucial, and foam insulation is widely used in infrastructures it is efficient and economical. Industrial facilities and commercial buildings have unique needs when compared to single family or multi-unit residences. These large buildings have energy and utility demands and all of them can affect economic viability of building, in this case industrial insulation helps in reducing operating costs. Infrastructure spending is growing significantly over the coming decade. Development of megacities is shifting economic and demographic trends which will create enormous need for new infrastructure. Increasing focus on inclusive and sustainable industrialization with innovative infrastructure is unleashing dynamic and competitive opportunities for industrial insulation. Further, infrastructural development in economies is expected to boost the industrial activities, and this has surged the consumption of industrial insulation. An increase in spending and industrial activities are thus expected to provide major opportunities for the growth of industrial insulation market across the region.

Market Overview

The SAM industrial insulation market is segmented into Brazil, Argentina, and the rest of SAM. According to the preliminary version of the energy development plan (PDE) published by Empresa de Pesquisa Energética (EPE), the expanding power generation and transmission segments in Brazil are projected to demand up to 318 billion reais (US$ 58 billion) until 2031. In Central America, the electricity demand is on the rise due to the increasing industrial and commercial activities, which is driving the industrial insulation market in the region. As per the ‘BRIEF MARKET REPORT Chemical products in Argentina’ commissioned by the Netherlands Enterprise Agency, the chemicals industry accounts for 12% of Argentina’s total manufacturing revenues and 9% of the nation’s gross domestic product (GDP). Further, the chemical industry in Brazil is one of the largest in the world, and its petrochemical companies occupy leading positions in their product areas across the region. The country is strong in research and development. Hence, the strong presence of the chemical and petrochemical industry in SAM creates the demand for industrial insulation products across the region.

SAM Industrial Insulation Market Revenue and Forecast to 2028 (US$ Million)

SAM Industrial Insulation Market Segmentation

The SAM industrial insulation market is segmented based on raw material, product, end user, and country.

Based on raw material, the SAM industrial insulation market is segmented into wool, foams, fibres, and others. The foams segment held the largest market share in 2022.

Based on product, the SAM industrial insulation market is segmented into pipe, board, blanket, and others. The pipe segment held the largest market share in 2022.

Based on end user, the SAM industrial insulation market is segmented into power generation, chemical and petrochemical, cement, food and beverage, and others. The power generation segment held the largest market share in 2022.

Based on country, the SAM industrial insulation market has been categorized into Brazil, Argentina, and the Rest of SAM. Our regional analysis states that Brazil dominated the market share in 2022.

Aspen Aerogels Inc., Cabot Corporation, Johns Manville, Kingspan Group, Knauf Insulation, ROCKWOOL A/S, and Saint Gobain S.A. are the leading companies operating in the SAM industrial insulation market.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South Central America coconut candy market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the South Central America coconut candy market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth South Central America market trends and outlook coupled with the factors driving the coconut candy market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution