The global industrial insulation market size is projected to reach USD 3.0 billion by 2025 from USD 2.4 billion in 2020, at a CAGR of 5.0% during the forecast period. The growing demand for industrial insulation is due to increasing industrial, construction, and infrastructure activities in APAC, the Middle East & Africa, and South America, and growing demand for energy conservation and process optimization are driving the industrial insulation market. Industrial insulation is used in various industries, such as power, oil & gas, chemical, food & beverage, and cement. Power is the largest market for industrial insulation due to the requirements of energy conservation, energy efficiency, and strengthening of pipes, machinery, tanks, boilers, and others.