The technical insulation market is projected to register a CAGR of 4.0%, in terms of value, between 2019 and 2024.The technical insulation market is projected to grow from USD 7.6 billion in 2019 to USD 9.2 billion by 2024, at a CAGR of 4.0% between 2019 and 2024.The major driving factors in the technical insulation market are the presence of stringent regulations regarding insulation of equipment and pipes and growing demand in the oil & gas sector.However, volatile raw material prices are expected to restrain the growth of the market. The growing opportunities from emerging economies will bring new growth opportunities for this market. Corrosion under insulation leading to health and safety-related incidents is a challenges expected to be faced by this market during the forecast period.The man-
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