Tank Insulation Market Rising Growth, Emerging Scope, Estimated Forecast to 2027
                     Tank Insulation Market To Reach 
USD 7.13 Billion By 2026 | 
Armacell International S.A., Saint-Gobain, 
Johns Manville
www.reportsanddat
a.com
       Market  Summary
The growing production of oil in countries such as 
Iran, Russia, the U.S., and Saudi Arabia are driving 
the demand for tank insulation market.
Market Size – USD 5.14 Billion in 2018, Market 
Growth - CAGR of 4.1%, Market Trends – Increase 
in the number of chemical plants.
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 The global tank insulation market is forecast to reach USD 7.13 Billion by 2026, according to a new report by 
Reports and Data. Tank insulation is used to cover bulk storage tanks and reduce heat gain or loss for a large tank 
that store temperature-sensitive materials.
Tank insulation is used to transfer the heat to the water for heating purpose. Efforts are taken to reduce the 
emission of harmful gases in bulk storage tanks and enhance the air quality by insulating the tanks. It is also used 
for storage of gases such as ammonia, chlorine, oxygen, propylene, carbon dioxide, nitrogen, butane, propane, 
ethylene, LNG, LPG, argon, and hydrogen.
Tank insulation is environment friendly, and high quality of heat is generated for it, which helps in saving electricity. 
Manufacturers are trying to develop cost-effective truck insulation. Governments of various countries are boosting 
the market by providing subsidies for the installation of tank insulation to reduce the level of pollution.
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       M   a r kOeut  Sru Ampmparyoach
Further key findings from the report suggest
• Storage Tank Insulation held a market share of 68.2% in the year 2018. The high demand from oil and 
gas, chemical, and energy & power industries is forecasted to boost the market for tank insulation. 
These tanks are used to store Liquefied natural gas (LNG), oils, chemicals, and thermal energy.
• Hot insulation is forecasted to hold a market share of 54.2% in the year 2026. Insulation for hot tanks 
reduces energy consumption, accelerates the heating process, and maintain the required operating 
temperature.
• Polyurethane (PU) & Polyisocyanurate (PIR) held a market share of 27.8% in the year 2018. The PU or 
PIR foam used is resistant to moisture and fire, is lightweight and has low thermal density and 
conductivity. It also provides better structural performance. These features make it perfect to be used 
in cold climate.
• The chemical industry held a market share of 24.3% in the year 2018. The demand for tank insulation, 
the increase in the number of chemical companies in the world, especially in the Asia-Pacific region, is 
expected to boost the market for tank insulation.
To identify the key trends in the industry, click on the link below @ 
https://www.reportsanddata.com/report-detail/tank-insulation-market
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Key participants :Armacell International S.A., Saint-Gobain, Johns Manville, BASF SE, Rockwool International A/S, Owens 
Corning, Covestro AG, Huntsman Corporation, Dunmore Corporation, and Gilsulate International, Inc., among others.
For the purpose of this report, Reports and Data have segmented into the global Tank Insulation market on the basis of 
type, material, temperature, end-use industry, and region:
Type Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
Storage Tank Insulation
Transportation Tank Insulation
Material Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
Polyurethane (PU) & Polyisocyanurate (PIR)
Rockwool
Elastomeric Foam
Fiberglass
Expanded Polystyrene (EPS)
Cellular Glass
Others
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Temperature Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
Cold Insulation
Hot Insulations
End-Use Industry Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
Oil and Gas
Chemical
Food and Beverage
Energy and Power
Others
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