Global Oil & Gas Insulation Market Size & Outlook, 2025-2030
Global oil & gas insulation market, 2018-2030 (US$M)
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Global oil & gas insulation market highlights
- The global oil & gas insulation market generated a revenue of USD 3,448.2 million in 2024 and is expected to reach USD 4,586.7 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 5% by 2030.
- In terms of segment, stone wool accounted for a revenue of USD 851.9 million in 2024.
- Aerogel is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 3,448.2 million |
| Market revenue in 2030 | USD 4,586.7 million |
| Growth rate | 5% (CAGR from 2025 to 2030) |
| Largest segment | Stone wool |
| Fastest growing segment | Aerogel |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Stone Wool, Glass Wool, CMS Fibers, Calcium Silicate, Cellular Glass, Elastomeric Foam, Perlite, Aerogel, Micro Silica |
Other key industry trends
- In terms of revenue, the North America accounted for 26.9% of the global oil & gas insulation market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 130.5 million by 2030.
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Oil & Gas Insulation Market Scope
Oil & Gas Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Nichias | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | https://www.nichias.co.jp/ |
| Anco Products | View profile | 51-100 | Elkhart, Indiana, United States, North America | https://ancoproducts.com |
| TechnoNICOL | View profile | 5001-10000 | Moscow, Moscow City, Russian Federation, Europe | http://www.tn.ru/ |
| Rath Group | View profile | 501-1000 | Vienna, Wien, Austria, Europe | https://www.rath-group.com/ |
| Knauf Insulation | View profile | 5001-10000 | Simbach, Bayern, Germany, Europe | https://www.knaufinsulation.de |
| Owens Corning | View profile | 10001+ | Toledo, Ohio, United States, North America | http://www.owenscorning.com/ |
| Armacell | View profile | 1001-5000 | Luxembourg, Luxembourg, Luxembourg, Europe | http://www.armacell.com |
| Ibiden Co Ltd | View profile | 15212 | 2-1 Kanda-cho, Ogaki, Gifu, Japan, 503-8604 | https://www.ibiden.com |
| Morgan Advanced Materials PLC | View profile | 8783 | Sheet Street, York House, Windsor, United Kingdom, SL4 1DD | https://www.morganadvancedmaterials.com |
| Aspen Aerogels Inc | View profile | 548 | 30 Forbes Road, Building B, Northborough, MA, United States, 01532 | https://www.aerogel.com |
| Rockwool AS Class B | View profile | 12017 | Hovedgaden 584, Hedehusene, Denmark, 2640 | https://www.rockwool.com |
| Cabot Corp | View profile | 4300 | Two Seaport Lane, Suite 1400, Boston, MA, United States, 02210 | https://www.cabotcorp.com |
Global oil & gas insulation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to oil & gas insulation market will help companies and investors design strategic landscapes.
Stone wool was the largest segment with a revenue share of 24.71% in 2024. Horizon Databook has segmented the Global oil & gas insulation market based on stone wool, glass wool, cms fibers, calcium silicate, cellular glass, elastomeric foam, perlite, aerogel, micro silica covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Oil & Gas Insulation Product Outlook (Revenue, USD Million, 2018-2030)
- Stone Wool
- Glass Wool
- CMS Fibers
- Calcium Silicate
- Cellular Glass
- Elastomeric Foam
- Perlite
- Aerogel
- Micro Silica
- Others
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Target buyers of Global oil & gas insulation market databook
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Our clientele includes a mix of oil & gas insulation market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global oil & gas insulation market , including forecasts for subscribers. This global databook contains high-level insights into Global oil & gas insulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global oil & gas insulation market, by region, 2024 (US$M)
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