Industrial Thermal Insulation Market to Reach $4.6 Billion by 2010, According to New Report by Global Industry Analysts, Inc.

San Jose, California (PRWEB) July 19, 2007 -- Worldwide thermal insulation market is substantially large, multifaceted and encompasses a comprehensive range of materials that find major applications in industrial and construction sector. The need to save energy and maintain ambience are principal motives of the thermal insulation market. Intensifying energy prices as well as favorable regulations are expected to bode positive prospects for thermal insulation market across the globe.

United States and Europe dominate the global market, collectively capturing more than 80% of the sales for 2007, as stated by recent reports published by Global Industry Analysts, Inc. Fibrous insulation materials market (www.strategyr.com/MCP-1124.asp), accounting for lion's share of the industrial thermal insulation market (www.strategyr.com/MCP-1124.asp) worldwide, is expected to reach US$2.8 billion by 2010. Rising standards of living, industrialization as well as robust growth in production of products that incorporate insulation such as freezers and refrigerators, are likely to stimulate the demand for industrial thermal insulation in Asia-Pacific. Cellular insulation materials market (www.strategyr.com/MCP-1124.asp) in the region is estimated at US$51.8 million for 2007.

Globalization has allowed customers to gain access to a wide range of products, as a result of which manufacturers face heightened pressure with regard to price changes and technological advancements. Product differentiation, customized insulation solutions, value-added services, and consolidation of supply structure are few strategies adopted by producers to meet the diverse consumer requirements. Development of innovative insulation materials such as microporous insulation, as per customer preferences, is expected to boost market prospects.

Major players profiled in the report include Bilfinger Berger Industrial Services AG, The Dow Chemical Company, Elastogran GmbH, Fibrex Insulations Inc., Johns Manville, Knauf Insulation, Owens Corning, The Rockwool International A/S, and CertainTeed Corporation.

The report titled "Industrial Thermal Insulation: A Global Strategic Business Report" published by Global Industry Analysts, Inc., analyzes current and future market prospects over the review period 2001-2010. Latent demand patterns are quantified across all geographic markets. The report analyzes the market for product segments, which include, among others, Fibrous Insulation Materials, and Cellular Insulation Materials. Also enumerated are product launches/innovations and recent strategic corporate activity of major market participants. The report offers discussion on trends and issues, review of various regulatory issues governing thermal insulation industry, evaluating their impact on future growth prospects.

For more details of this research report please visit www.strategyr.com/MCP-1124.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) (http://www.strategyr.com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

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