Technical Insulation Market size was valued at USD 10.4 Billion in 2023 and the total revenue is expected to grow at a CAGR of 5.8 % from 2024 to 2030, reaching nearly USD 15.6 BillionTechnical Insulation Market Overview:
Technical Insulation Market is expected to reach USD 15.6 Billion by 2030. A wide variety of industrial, marine, and offshore items are available from Technical Insulation, including anything from products for use on oil rigs and ships to factories and power plants on dry land. This report focuses on the different segments of the Technical Insulation market (Material Type, Application, End-Use, and Region). The leading industry players and regions are thoroughly examined in this report (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It's a thorough examination of today's quick advances in a variety of sectors. Facts and figures, visualisations, and presentations are used to highlight the primary data analysis from 2018 to 2023. The market drivers, restraints, opportunities, and challenges for Technical Insulation are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Technical Insulation market. To know about the Research Methodology :- Request Free Sample ReportTechnical Insulation Market Dynamics:
Technical insulation is expected to be in high demand due to the emerging nations' growing need for energy and power efficiency as a result of their fast industrialization and urbanization. Market growth is expected to be boosted by strict laws governing the use of insulating kinds. Technical insulation is another efficient technique that is being utilized more frequently to insulate pipes and other equipment used in industrial processes. The approach is also inexpensive, which is a key factor in its widespread acceptance across a variety of applications. The growth of the technical insulation market is expected to be driven by the growth of the industrial and commercial sectors across the nation as well as the increased need for HVAC, refrigeration, heating, and plumbing systems. The commercial sector is expected to rise, which will increase demand for technical insulation of pipes and equipment and support market growth. The market for technical insulation is also estimated to grow during the forecast period as a result of the demand for acoustic insulation in commercial buildings. However, it is expected that fluctuating raw material prices may hamper market growth. Furthermore, during the forecast period, market growth is expected to be hampered by limited awareness of the advantages of technical insulation. Additionally, it is expected that a shortage of experienced staff for installation restrain the market growth for technical insulation. During the forecast period, it is expected that rising infrastructure investment in developing nations like China, India, Indonesia, and South Korea is expected to boost the market growth. Additionally, it is expected that the market would continue to grow during the forecast period despite the tremendous industrialization occurring around the world.Technical Insulation Market Segment Analysis:
The Technical Insulation Market is segmented by Type, Application, and End-Use. Based on the Material Type, the market is segmented into Hot Insulation, Cold-Flexible Insulation, and Cold-Rigid Insulation. Hot Insulation segment is expected to hold the largest market share of xx% by 2030. Global industrialisation is expected to increase demand for hot insulation for pipelines and equipment, which is expected to drive the technical insulation market. It is expected that segmental growth is expected to be boosted by rising demand for energy efficiency and rising carbon dioxide reduction efforts. Additionally, hot insulation prevents heat from escaping from systems and equipment, enhancing machine performance. During the forecast period, this is expected to drive market growth. Based on the Application, the market is segmented into Heating & Plumbing, HVAC, Acoustic, and Refrigeration. Heating & Plumbing Application segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2030. It is expected that there will be an increase in demand for technical insulation in the heating and plumbing industry due to the growing usage of insulated pipes and equipment for industrial reasons to prevent heat loss. HVAC Application segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2030. The commercial sector is expected to employ HVAC systems more frequently as a result of the increased focus on energy efficiency. Additionally, it is expected that the HVAC system's efficiency in maximising cost and energy will further support segmental growth. Additionally, the HVAC systems can incorporate contemporary technologies like air filtration and cleaning components, which further supports its development. Based on the End-Use, the market is segmented into Industrial & OEM, Energy, and Commercial Buildings. Industrial & OEM segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2030. In refineries, chemical plants, and food processing facilities, technical insulation is being employed more and more to reduce energy and carbon dioxide leakage. During the forecast period, this is expected to support segmental growth. Technical insulation offers a variety of material options for a number of high and low temperature applications, making it the perfect solution for industrial and OEM end-use. Increased foreign investment-driven industrial sector growth in developing nations like China, India, and Brazil is expected to increase demand for technical insulation.Technical Insulation Market Regional Insights:
Asia Pacific region is expected to dominate the Technical Insulation Market during the forecast period 2023-2030. Asia Pacific region is expected to hold the largest market share of xx% by 2030. During the forecast period, factors like the region's rapid urbanisation and growing population are expected to drive market growth. Additionally, it is expected that the market for technical insulation in the region is expected to be driven by the rising level of foreign investment in the region. The region's industrial and commercial sectors are expected to grow as a result of the low cost of raw materials combined with an ample supply in nations like China, India, Indonesia, and South Korea. This is expected to increase demand for technical insulation, which is expected to drive market growth. Europe region is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2030. Heating and plumbing systems, HVAC, acoustic insulation, and refrigeration are expected to have increased demand in Europe as a result of growing industrial and OEM facilities. Furthermore, strict laws in the region regarding the use of insulating materials are expected to further boost market growth. The demand for technical insulation is expected to increase as commercial buildings grow as a result of the increased demand for office spaces, hotels, malls, health facilities, and retail stores in economies like Germany, the United Kingdom, and Spain. During the forecast period, this is expected to boost the technical insulation market. The objective of the report is to present a comprehensive analysis of the Global Technical Insulation Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global Technical Insulation Market dynamic and structure by analyzing the market segments and projecting the Global Technical Insulation Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Technical Insulation Market make the report investor’s guide.Technical Insulation Industry Ecosystem:
Technical Insulation Market Scope: Inquire before buying
Global Technical Insulation Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 10.4 Billion. Forecast Period 2024 to 2030 CAGR: 5.8% Market Size in 2030: USD 15.6 Billion. Segments Covered: by Material Type Hot Insulation Cold-Flexible Insulation Cold-Rigid Insulation by Application Heating & Plumbing HVAC Acoustic Refrigeration by End-use Industrial & OEM Energy Commercial Buildings Technical Insulation Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Technical Insulation Market Key Players are:
1. Rockwool International A/S 2. Saint-Gobain Isover 3. Owens Corning 4. Knauf Insulation 5. Kingspan Group PLC 6. Armacell International S.A. 7. L'isolante K-Flex S.P.A. 8. Morgan Advanced Materials PLC 9. Etex Group Sa 10. Aspen Aerogels, Inc. 11. Zotefoams PLC 12. Johns Manville 13. Recticel Nv/SA 14. NMC SA 15. Palziv Inc. 16. Unifrax I LLC 17. Durkee (Wuhan) Insulation Material Co., Ltd. 18. Huamei Energy-Saving Technology Group Co., Ltd. 19. Wincell Insulation Material Co., Ltd 20. Interep Sas. Frequently Asked Questions: 1] Which region is expected to hold the highest share in the Technical Insulation Market? Ans. Asia Pacific region is expected to hold the highest share in the Technical Insulation Market. 2] Who are the top key players in the Technical Insulation Market? Ans. Rockwool International A/S, Saint-Gobain Isover, Owens Corning, Knauf Insulation, Kingspan Group PLC, and Armacell International S.A. are the top key players in the Technical Insulation Market. 3] Which segment is expected to hold the largest market share in the Technical Insulation Market by 2030? Ans. Hot Insulation segment is expected to hold the largest market share in the Technical Insulation Market by 2030. 4] What is the market size of the Technical Insulation Market by 2030? Ans. The market size of the Technical Insulation Market is expected to reach USD 15.6 Billion by 2030. 5] What was the market size of the Technical Insulation Market in 2023? Ans. The market size of the Technical Insulation Market was worth USD 10.4 Billon in 2023.
1. Technical Insulation Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.2.1. Technical Insulation Market Segmentation 1.2.2. Region Covered 1.3. Executive Summary 1.4. Market Size Estimation 1.5. Bottom-Up Approach 1.6. Top-Up Approach 2. Global Technical Insulation Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Market share analysis of major players 2.4. Products specific analysis 2.5. Key Players Benchmarking 2.5.1. Company Name 2.5.2. Product Segment 2.5.3. End-user Segment 2.5.4. Revenue (2023) 2.6. Market Structure 2.6.1. Market Leaders 2.6.2. Market Followers 2.6.3. Emerging Players 2.7. Consolidation of the Market 2.7.1. Strategic Initiatives and Developments 2.7.2. Mergers and Acquisitions 2.7.3. Collaborations and Partnerships 2.7.4. Product Launches and Innovations 3. Global Technical Insulation Market: Dynamics 3.1. Technical Insulation Market Trends 3.2. Technical Insulation Market Dynamics 4. Patent Analysis: 4.1.1. Top 10 Patent Holders 4.1.2. Top 10 Companies with Highest Number of Patents 4.1.3. Patent Registration Analysis 4.1.4. Number of Patents Granted Still 2024 5. Industry Trends 5.1. Value and Supply Chain Analysis 5.1.1. Production Process contributes most value to the overall price of Technical Insulation. 5.2. Ecosystem Map 5.3. Technical Insulation Market: Ecosystem Map 5.3.1. Ecosystem of Technical Insulation Market 6. Porter’s Five Forces Analysis 6.1. Technical Insulation Market: Porter’s Five Forces Analysis 6.1.1. Bargaining Power Of Suppliers 6.1.2. Threat Of New Substitute 6.1.3. Threat Of New Entrants 6.1.4. Bargaining Power Of Buyers 7. Global Technical Insulation Market: Dynamics 7.1. Technical Insulation Market Trends 7.2. Technical Insulation Market Dynamics 7.2.1. Drivers 7.2.2. Restraints 7.2.3. Opportunities 7.2.4. Challenges 8. Pricing Analysis 8.1. Average price of Technical Insulation, by Region 8.2. Average price of Technical Insulation , by Function 9. Regulatory Landscape 9.1. Regulation by Region 9.2. Tariff and Taxes 9.3. Regulatory Bodies, Government agencies, and other organization by Region 10. Trade Data Analysis: 10.1. Import/ Export of Technical Insulation 10.1.1. Import Data on Technical Insulation 10.1.2. Export Data on Technical Insulation 11. Global Technical Insulation Market Size and Forecast by Segments (by Value USD Billion) 11.1. Global Technical Insulation Market Size and Forecast, by Material Type (2023-2030) 11.1.1. Hot Insulation 11.1.2. Cold-Flexible Insulation 11.1.3. Cold-Rigid Insulation 11.2. Global Technical Insulation Market Size and Forecast, by Application (2023-2030) 11.2.1. Heating & Plumbing 11.2.2. HVAC 11.2.3. Acoustic 11.2.4. Refrigeration 11.3. Global Technical Insulation Market Size and Forecast, by End Use (2023-2030) 11.3.1. Industrial & OEM 11.3.2. Energy 11.3.3. Commercial Buildings 11.4. Global Technical Insulation Market Size and Forecast, by Region (2023-2030) 11.4.1. North America 11.4.2. Europe 11.4.3. Asia Pacific 11.4.4. Middle East and Africa 11.4.5. South America 12. North America Global Technical Insulation Market Size and Forecast (by Value USD Billion) 12.1. North America Global Technical Insulation Market Size and Forecast, by Material Type (2023-2030) 12.1.1. Hot Insulation 12.1.2. Cold-Flexible Insulation 12.1.3. Cold-Rigid Insulation 12.2. North America Global Technical Insulation Market Size and Forecast, by Application (2023-2030) 12.2.1. Heating & Plumbing 12.2.2. HVAC 12.2.3. Acoustic 12.3. North America Global Technical Insulation Market Size and Forecast, by End Use (2023-2030) 12.3.1. Industrial & OEM 12.3.2. Energy 12.3.3. Commercial Buildings 12.4. North America Global Technical Insulation Market Size and Forecast, by Country (2023-2030) 12.4.1. United States 12.4.1.1. United States Technical Insulation Market Size and Forecast, by Material Type (2023-2030) 12.4.1.1.1. Hot Insulation 12.4.1.1.2. Cold-Flexible Insulation 12.4.1.1.3. Cold-Rigid Insulation 12.4.1.2. United States Technical Insulation Market Size and Forecast, by Application (2023-2030) 12.4.1.2.1. Heating & Plumbing 12.4.1.2.2. HVAC 12.4.1.2.3. Acoustic 12.4.1.3. United States Technical Insulation Market Size and Forecast, by End Use (2023-2030) 12.4.1.3.1. Industrial & OEM 12.4.1.3.2. Energy 12.4.1.3.3. Commercial Buildings 12.4.2. Canada 12.4.2.1. Canada Technical Insulation Market Size and Forecast, by Material Type (2023-2030) 12.4.2.1.1. Hot Insulation 12.4.2.1.2. Cold-Flexible Insulation 12.4.2.1.3. Cold-Rigid Insulation 12.4.2.2. Canada Technical Insulation Market Size and Forecast, by Application (2023-2030) 12.4.2.2.1. Heating & Plumbing 12.4.2.2.2. HVAC 12.4.2.2.3. Acoustic 12.4.2.3. Canada Technical Insulation Market Size and Forecast, by End Use (2023-2030) 12.4.2.3.1. Industrial & OEM 12.4.2.3.2. Energy 12.4.2.3.3. Commercial Buildings 12.4.3. Mexico 12.4.3.1. Mexico Technical Insulation Market Size and Forecast, by Material Type (2023-2030) 12.4.3.1.1. Hot Insulation 12.4.3.1.2. Cold-Flexible Insulation 12.4.3.1.3. Cold-Rigid Insulation 12.4.3.2. Mexico Technical Insulation Market Size and Forecast, by Application (2023-2030) 12.4.3.2.1. Heating & Plumbing 12.4.3.2.2. HVAC 12.4.3.2.3. Acoustic 12.4.3.3. Mexico Technical Insulation Market Size and Forecast, by End Use (2023-2030) 12.4.3.3.1. Industrial & OEM 12.4.3.3.2. Energy 12.4.3.3.3. Commercial Buildings 13. Europe Technical Insulation Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 13.1. Europe Technical Insulation Market Size and Forecast, by Material Type(2023-2030) 13.2. Europe Technical Insulation Market Size and Forecast, by Application (2023-2030) 13.3. Europe Technical Insulation Market Size and Forecast, by End User (2023-2030) 13.4. Europe Technical Insulation Market Size and Forecast, by Country (2023-2030) 13.4.1. United Kingdom 13.4.1.1. United Kingdom Technical Insulation Market Size and Forecast, by Material Type(2023-2030) 13.4.1.2. United Kingdom Technical Insulation Market Size and Forecast, by Application (2023-2030) 13.4.1.3. United Kingdom Technical Insulation Market Size and Forecast, by End User (2023-2030) 13.4.2. France 13.4.2.1. France Technical Insulation Market Size and Forecast, by Material Type(2023-2030) 13.4.2.2. France Technical Insulation Market Size and Forecast, by Application (2023-2030) 13.4.2.3. France Technical Insulation Market Size and Forecast, by End User (2023-2030) 13.4.3. Germany 13.4.3.1. Germany Technical Insulation Market Size and Forecast, by Material Type(2023-2030) 13.4.3.2. Germany Technical Insulation Market Size and Forecast, by Application (2023-2030) 13.4.3.3. Germany Technical Insulation Market Size and Forecast, by End User (2023-2030) 13.4.4. Italy 13.4.4.1. Italy Technical Insulation Market Size and Forecast, by Material Type(2023-2030) 13.4.4.2. Italy Technical Insulation Market Size and Forecast, by Application (2023-2030) 13.4.4.3. Italy Technical Insulation Market Size and Forecast, by End User (2023-2030) 13.4.5. Spain 13.4.5.1. Spain Technical Insulation Market Size and Forecast, by Material Type(2023-2030) 13.4.5.2. Spain Technical Insulation Market Size and Forecast, by Application (2023-2030) 13.4.5.3. Spain Technical Insulation Market Size and Forecast, by End User (2023-2030) 13.4.6. Sweden 13.4.6.1. Sweden Technical Insulation Market Size and Forecast, by Material Type(2023-2030) 13.4.6.2. Sweden Technical Insulation Market Size and Forecast, by Application (2023-2030) 13.4.6.3. Sweden Technical Insulation Market Size and Forecast, by End User (2023-2030) 13.4.7. Austria 13.4.7.1. Austria Technical Insulation Market Size and Forecast, by Material Type(2023-2030) 13.4.7.2. Austria Technical Insulation Market Size and Forecast, by Application (2023-2030) 13.4.7.3. Austria Technical Insulation Market Size and Forecast, by End User (2023-2030) 13.4.8. Rest of Europe 13.4.8.1. Rest of Europe Technical Insulation Market Size and Forecast, by Material Type(2023-2030) 13.4.8.2. Rest of Europe Technical Insulation Market Size and Forecast, by Application (2023-2030) 13.4.8.3. Rest of Europe Technical Insulation Market Size and Forecast, by End User (2023-2030) 14. Asia Pacific Technical Insulation Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 14.1. Asia Pacific Technical Insulation Market Size and Forecast, by Material Type(2023-2030) 14.2. Asia Pacific Technical Insulation Market Size and Forecast, by Application (2023-2030) 14.3. Asia Pacific Technical Insulation Market Size and Forecast, by End User (2023-2030) 14.4. Asia Pacific Technical Insulation Market Size and Forecast, by Country (2023-2030) 14.4.1. China 14.4.1.1. China Technical Insulation Market Size and Forecast, by Material Type(2023-2030) 14.4.1.2. China Technical Insulation Market Size and Forecast, by Application (2023-2030) 14.4.1.3. China Technical Insulation Market Size and Forecast, by End User (2023-2030) 14.4.2. S Korea 14.4.2.1. S Korea Technical Insulation Market Size and Forecast, by Material Type(2023-2030) 14.4.2.2. S Korea Technical Insulation Market Size and Forecast, by Application (2023-2030) 14.4.2.3. S Korea Technical Insulation Market Size and Forecast, by End User (2023-2030) 14.4.3. Japan 14.4.3.1. Japan Technical Insulation Market Size and Forecast, by Material Type(2023-2030) 14.4.3.2. Japan Technical Insulation Market Size and Forecast, by Application (2023-2030) 14.4.3.3. Japan Technical Insulation Market Size and Forecast, by End User (2023-2030) 14.4.4. India 14.4.4.1. India Technical Insulation Market Size and Forecast, by Material Type(2023-2030) 14.4.4.2. India Technical Insulation Market Size and Forecast, by Application (2023-2030) 14.4.4.3. India Technical Insulation Market Size and Forecast, by End User (2023-2030) 14.4.5. Australia 14.4.5.1. Australia Technical Insulation Market Size and Forecast, by Material Type(2023-2030) 14.4.5.2. Australia Technical Insulation Market Size and Forecast, by Application (2023-2030) 14.4.5.3. Australia Technical Insulation Market Size and Forecast, by End User (2023-2030) 14.4.6. Indonesia 14.4.6.1. Indonesia Technical Insulation Market Size and Forecast, by Material Type(2023-2030) 14.4.6.2. Indonesia Technical Insulation Market Size and Forecast, by Application (2023-2030) 14.4.6.3. Indonesia Technical Insulation Market Size and Forecast, by End User (2023-2030) 14.4.7. Malaysia 14.4.7.1. Malaysia Technical Insulation Market Size and Forecast, by Material Type(2023-2030) 14.4.7.2. Malaysia Technical Insulation Market Size and Forecast, by Application (2023-2030) 14.4.7.3. Malaysia Technical Insulation Market Size and Forecast, by End User (2023-2030) 14.4.8. Vietnam 14.4.8.1. Vietnam Technical Insulation Market Size and Forecast, by Material Type(2023-2030) 14.4.8.2. Vietnam Technical Insulation Market Size and Forecast, by Application (2023-2030) 14.4.8.3. Vietnam Technical Insulation Market Size and Forecast, by End User (2023-2030) 14.4.9. Taiwan 14.4.9.1. Taiwan Technical Insulation Market Size and Forecast, by Material Type(2023-2030) 14.4.9.2. Taiwan Technical Insulation Market Size and Forecast, by Application (2023-2030) 14.4.9.3. Taiwan Technical Insulation Market Size and Forecast, by End User (2023-2030) 14.4.10. Rest of Asia Pacific 14.4.10.1. Rest of Asia Pacific Technical Insulation Market Size and Forecast, by Material Type(2023-2030) 14.4.10.2. Rest of Asia Pacific Technical Insulation Market Size and Forecast, by Application (2023-2030) 14.4.10.3. Rest of Asia Pacific Technical Insulation Market Size and Forecast, by End User (2023-2030) 15. South America Technical Insulation Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 15.1. South America Technical Insulation Market Size and Forecast, by Type (2023-2030) 15.2. South America Technical Insulation Market Size and Forecast, by Application (2023-2030) 15.3. South America Technical Insulation Market Size and Forecast, by End User (2023-2030) 15.4. South America Technical Insulation Market Size and Forecast, by Country (2023-2030) 15.4.1. Brazil 15.4.1.1. Brazil Technical Insulation Market Size and Forecast, by Material Type(2023-2030) 15.4.1.2. Brazil Technical Insulation Market Size and Forecast, by Application (2023-2030) 15.4.1.3. Brazil Technical Insulation Market Size and Forecast, by End User (2023-2030) 15.4.2. Argentina 15.4.2.1. Argentina Technical Insulation Market Size and Forecast, by Material Type(2023-2030) 15.4.2.2. Argentina Technical Insulation Market Size and Forecast, by Application (2023-2030) 15.4.2.3. Argentina Technical Insulation Market Size and Forecast, by End User (2023-2030) 15.4.3. Rest Of South America 15.4.3.1. Rest of South America Technical Insulation Market Size and Forecast, by Material Type(2023-2030) 15.4.3.2. Rest of South America Technical Insulation Market Size and Forecast, by Application (2023-2030) 15.4.3.3. Rest of South America Technical Insulation Market Size and Forecast, by End User (2023-2030) 16. Company Profile: Key players 16.1. Rockwool International A/S 16.1.1. Financial Overview 16.1.2. Business Portfolio 16.1.3. SWOT Analysis 16.1.4. Business Strategy 16.1.5. Recent Developments 16.2. Rockwool International A/S 16.3. Saint-Gobain Isover 16.4. Owens Corning 16.5. Knauf Insulation 16.6. Kingspan Group PLC 16.7. Armacell International S.A. 16.8. L'isolante K-Flex S.P.A. 16.9. Morgan Advanced Materials PLC 16.10. Etex Group Sa 16.11. Aspen Aerogels, Inc. 16.12. Zotefoams PLC 16.13. Johns Manville 16.14. Recticel Nv/SA 16.15. NMC SA 16.16. Palziv Inc. 16.17. Unifrax I LLC 16.18. Durkee (Wuhan) Insulation Material Co., Ltd. 16.19. Huamei Energy-Saving Technology Group Co., Ltd. 16.20. Wincell Insulation Material Co., Ltd 16.21. Interep Sas 16.22. Others 17. Key Findings 18. Industry Recommendations 18.1. Attractive opportunities for players in market 18.2. Future Outlook 19. Global Technical Insulation Market: Research Methodology