Based on Product, Pipe, board, blanket, and some other insulation products are used in industrial applications to improve the reliability and efficiency of process systems. Corrosion-inhibiting qualities are present in raw materials in use in product manufacturing, which aid in the prevention of condensation-related corrosion of pipes and other equipment. Industrial insulation comes in a variety of shapes and sizes, with pipe insulation being the most popular. In terms of revenue, this product sector held for 46.16 % of the market in the year 2021 & is expected to maintain its dominance over the forecast period. The rising usage of the product in heat conservation, fireproofing, & soundproofing is expected to drive the market forward.
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