Book Online or Call 1-855-SAUSALITO

Sign In  |  Register  |  About Sausalito  |  Contact Us

Sausalito, CA
September 01, 2020 1:41pm
7-Day Forecast | Traffic
  • Search Hotels in Sausalito

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Rockwool International A/S (Denmark) and Owens Corning (US) are leading players in Tank Insulation Market

Rockwool International A/S (Denmark) and Owens Corning (US) are leading players in Tank Insulation Market
Browse 66 market data Tables and 39 Figures spread through 125 Pages and in-depth TOC on "Tank Insulation Market"
Tank Insulation Market by Material (PU & PIR, Rockwool, Fiberglass, Elastomeric Foam, EPS), Type (Storage, Transportation), Temperature (Hot, Cold), End-Use Industry (Oil & Gas, Chemical, Food & Beverage, Energy & Power)

The tank insulation market size is estimated to be USD 5.2 billion in 2018 and is projected to reach USD 6.5 billion by 2023, at a CAGR of 4.50% between 2018 and 2023. Rising environmental awareness is contributing to the growth of the market. Growing demand for insulation technologies in the oil & gas and chemical industries has created various opportunities for tank insulation manufacturers. However, volatile raw material prices act as a restraint for the market growth. 

The APAC tank insulation market is estimated to witness considerable growth on account of the rapidly growing chemical industry. China is estimated to account for the largest share of the tank insulation market in the APAC region during the forecast period, in terms of value, owing to the high demand for storing and transporting tank fluids from a wide range of growing end-use industries such as chemicals and energy & power. Increasing investment in the energy sector, urbanization, industrialization, and infrastructural development are expected to drive the tank insulation market during the forecast period.

To know about the assumptions considered for the study download the pdf brochure

The major players in the tank insulation market include Rockwool International A/S (Denmark), Owens Corning (US), Saint-Gobain (France), Kingspan Group (Republic of Ireland), Armacell International S.A. (Germany), Cabot Corporation (US), Johns Manville (US), Knauf Insulation (US), BASF SE (Germany), and Covestro AG (Germany).These players have adopted various growth strategies, such as expansions, acquisitions, new product launches, and agreements to expand their presence and increase their shares in the tank insulation market. Expansions and acquisitions have been the most adopted strategies by major players from 2016 to 2018, which have helped them to expand their regional presence and strengthen their product offerings.

Rockwool International A/S is one of the leading manufacturers of tank insulations, globally. The company focuses on the strategies of acquisitions and expansions to maintain its leading position in the market. For instance, in November 2017, the company set up its first rockwool factory in Romania. The expansion helped the company to meet the growing demand for rockwool insulation materials. In addition to this, in November 2017, the company acquired Flumroc AG, a rockwool manufacturer in Switzerland. This helped the company to strengthen its product portfolio.

Owens Corning is another major player in the tank insulation market. The company has been focusing on acquisitions and new product launches as part of its growth strategies. In April 2018, the company acquired Guangde SKD Rock Wool Manufacture Co. Ltd. (China), a manufacturer of mineral wool. The acquisition helped the company to strengthen its presence in China. In February 2018, the company acquired Paroc Group, a leading producer of mineral wool insulation for building and technical applications in Europe. This acquisition strengthened the company’s product portfolio of tank insulation products. Furthermore, in April 2017, the company introduced the first and only formaldehyde-free Thermafiber light-density mineral wool insulation. This helped the company to strengthen its product portfolio in the tank insulation market.

Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=76733235

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/tank-insulation-market-76733235.html


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Photos copyright by Jay Graham Photographer
Copyright © 2010-2020 Sausalito.com & California Media Partners, LLC. All rights reserved.