Industrial Insulation Market worth $3.0 Billion by 2025 - Exclusive Report by MarketsandMarkets Industrial Insulation Market by Form (Pipe, Blanket, Board), Material (Mineral Wool, Calcium Silicate, Plastic Foams), End-use Industry (Power, Oil & Gas, Chemical & Petrochemical, Cement, Food & Beverage), and Region - Global Forecast to 2025 , published by MarketsandMarkets, the Industrial Insulation Market size is projected to reach USD 3.0 billion by 2025 from USD 2.4 billion in 2020, at a CAGR of 5.0% during the forecast period.
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The demand for industrial insulation in emerging economies, such as APAC, MEA, and South America, is increasing owing to the growth in industrial activities such as establishment and expansion of power plants, oil re
/PRNewswire/ According to the new market research report "Industrial Insulation Market by Form (Pipe, Blanket, Board), Material (Mineral Wool, Calcium.
Syntactic Foam Market worth $169 Million by 2025 - Exclusive Report by MarketsandMarkets Syntactic Foam Market by Product Type, Matrix Type (Metal, Polymer, Ceramic), Chemistry, Form (Sheet & Rod, Blocks), Application (Marine& Subsea, Automotive & Transportation, Aerospace & Defense, Sports & Leisure), and Region - Global Forecast to 2025 , published by MarketsandMarkets, the Syntactic Foam Market size is expected to grow from USD 132 million in 2020 to USD 169 million by 2025, at a CAGR of 5.2% during the forecast period.
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Syntactic foam is used across industries, such as Marine& Subsea, Automotive & Transportation, Aerospace & Defense, Sports & Leisure, and Others. In the Syntactic Foam Market, marine & subsea is the key end-use industry owing to
Syntactic foam is used across industries, such as Marine& Subsea, Automotive & Transportation, Aerospace & Defense, Sports & Leisure, and Others. In the Syntactic Foam Market, marine & subsea is the key end-use industry owing to the wide applications of these syntactic foam.
The polymer matrix is expected to dominate the global Syntactic Foam Market during the forecast period.
The polymer matrix will continue to lead the Syntactic Foam Market. The key driver for the growth of syntactic foam in this segment are rising demand from marine & subsea applications such as underwater robotics, vehicles, flotation, pumps, and oil & gas pipeline insulation.
Furthermore, the polymer matrix is also expected to be fastest growing segment during the forecast period due to increase in ultra and deep-water activity because of their superior properties such as low coefficient of thermal expansion, a high specific strength. The above mentioned factors are expected to drive the demand during forec