Petrochemical and Refineries to Lead Industrial Thermal Insulation Market
Expanding industrial sector coupled with increasing government focus on improving industrial output to drive global industrial thermal insulation market through 2024 According to TechSci Research report, “ Global Industrial Thermal Insulation Market By Material, By Product Form, By End Use Industry, By Region, Competition, Forecast & Opportunities, 2024 ” , global industrial thermal insulation market is projected to grow at a CAGR of over 6% during 2019-2024, on the back of increasing manufacturing activities due to rising public and private investments in oil & gas, petrochemical, energy and industrial sectors. Moreover, increasing government focus on improving industrial output, development of special economic zones and industrial corridors, and subsidies and tax cuts for various manufacturing groups and industrial corporations is expected to fuel the market in coming years. Industrial insulation market is highly influenced by demand fro...