Frequently asked questions
The thermal lagging ropes market also suffered from the COVID-19 pandemic, which resulted in a decline of over 3.8% in revenue generated in 2020.
The Asia Pacific accounted for the highest share in the global thermal lagging ropes market regarding value and volume.
Rapid growth in the construction, manufacturing and automotive sectors drive this market’s expansion. The growing need to save energy, improve performance, and lower equipment operating costs drive market expansion.
Diameter 20mm had a major share in 2021, with more than 60% of the market revenue share. Besides, the diameter of 30mm is projected to witness the fastest growth.
High-temperature sealing had a major share in the global market in 2021 and is projected to continue its dominance over the forecast period.