by Corinne Gangloff
February 10, 2020
Through 2023, demand for industrial and OEM insulation is expected to grow 3.1% per annum to 5.6 million metric tons.
More information regarding the Global Industrial & OEM Insulation study is here: https://www.freedoniagroup.com/industry-study/global-industrial-oem-insulation-3783.htm
Foamed plastic is expected to be the fastest growing major insulation material through 2023, supported by:
Mineral wool will retain its second leading position in the industrial and OEM insulation market through 2023, supported by:
Demand for both thermal and acoustic insulation is projected to rise through 2023, driven by:
Rising oil and gas and petroleum refining activity will support demand for thermal insulation going forward.
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