Industrial Insulation Market Industry Analysis and Forecast 2027

From 2020 to 2027, the industrial insulation market in the U.S is expected to grow at a CAGR of 3.7 %. During the forecast period, factors like the country's ongoing climate change measures & other associated projects, as well as the increased demand for maintenance & replacement of existing insulation systems, are expected to fuel growth. Crude oil derivatives are the most common raw materials used in product creation. The change in crude oil prices is expected to be a major stumbling block to the market's expansion. Furthermore, political unrest in key crude oil producing economies such as Qatar, Libya, & Iraq is expected to depress crude oil prices further.