A wide range of sectors, including AI oil and gas, pharmaceuticals, food and beverage, and others, are increasingly using isolation hangers. These factors, along with others, are driving the growth of the isolation hanger market. The development of the construction industry, which uses isolation hangers in a range of applications, is one of the major market-driving drivers.
The recovery efforts following several natural disasters, such as hurricanes and earthquakes, are also contributing to the market expansion. Additionally, it is projected that the severe government regulations pertaining to noise pollution will support market progress throughout the course of the projection year.
Because of its expanding usage across numerous industries, isolation hangers are required. The market for isolation hangers is expected to expand quickly as a result of the rise in infrastructure and building projects. Furthermore, throughout the forecast period, the market expansion is anticipated to be fuelled by strict government laws relating to noise pollution.
Some advantages of the isolation hangers market include an increase in construction and infrastructure projects as well as a rise in the use of isolation hangers across many industries, including oil & gas, pharmaceuticals, food & beverage, and others. The development of the construction industry, which uses isolation hangers in a range of applications, is one of the major market-driving drivers.
In many different sectors, isolation hangers are tools that are utilised to give support and reduce vibration and noise. These hangers are primarily utilised in ductwork, plumbing, or metal suspended ceiling or equipment. Rubber, spring, or other materials can be used to make isolation hangers.
Isolation hangers are anticipated to see a CAGR of 5.2% over the projected period of 2021 to 2031. According to projections, the market will reach USD 1,848.1 million by 2031.
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There are some limitations on the market for isolation hangers due to the variable cost of raw materials and the accessibility of substitute products. Additionally, it is anticipated that the availability of a wide range of alternatives will limit market growth throughout the course of the forecast period. However, it is projected that during the projection period, lucrative opportunities for market expansion would emerge as a result of the advantages of using isolation hangers becoming more widely known.
3M, Flexible Technologies, Inc., Hilti Corporation, E-Z Lok, BISCO Enterprise, Kimura Hanger Manufacturing Co., Ltd., Unistrut Corporation, and TECHNICAL PRODUCTS, INC. are a few of the market's major players, manufacturers, and vendors.
Segment Analysis
The Rubber Type Will Become the Most Profitable Sector
Based on type, the isolation hangers market is segmented into Rubber, Spring, and Others. Rubber is expected to increase at the quickest rate of all these over the forecast period of 2021 to 2031 because of its remarkable properties, which include durability, flexibility, and resistance to chemicals and abrasion. Over the course of the projection year, it is predicted that the spring segment would expand significantly due to its properties, such as corrosion resistance and vibration dampening. Metal and plastic hangers are among the additional goods in the sector.
The Most Popular Application Segment is Suspended Ceiling Systems or Suspended Equipment
Based on the applications, the Isolation Hangers Market is segmented into Piping or Ductwork, Suspended Ceiling Systems, or Suspended Equipment. Because it has multiple applications in a range of industries, including oil and gas, pharmaceuticals, food and beverage, and others, it is anticipated that the market for suspended ceiling systems or suspended equipment would grow significantly between 2021 and 2031. Between 2021 and 2031, it is expected that the plumbing and ductwork sector would grow quickly. due to the rise in demand for materials that are strong and energy-efficient in the pipe and ducting applications.
The region of North America will provide adequate financing avenues
Based on geographical locations, the isolation hangers market is segmented into North America, South America, Asia Pacific, Europe, the Middle East, and Africa. North America dominates the global market for isolation hangers due to its early adoption of technology and the existence of key producers. The US and Canada are the key forces behind the market expansion in this area. As a consequence of an increase in construction activity and local government initiatives to develop the infrastructure, it is predicted that the market for isolation hangers in Europe will grow significantly over the course of the forecast period. In addition, the increasing industrialization and expansion of the construction sector in countries like China, India, and Japan are expected to cause the isolation hanger market in the Asia Pacific to grow quickly over the course of the projected year.
COVID-19 Impact and Market Status
A lot of businesses have come to a standstill as a result of the COVID-19 epidemic's major effects on the global economy. The construction industry is among those most severely impacted by the pandemic. The worldwide lockdown imposed by different smart government has halted construction activity and prevented market expansion. But because of the progressive easing of lockdown restrictions, the market is predicted to experience significant growth from 2021 through 2031. It is also anticipated that the market would grow quickly throughout the forecast period as a result of a growth in infrastructure-related activities.
Latest Innovations in the Global Isolation Hangers Market: A Snapshot
• A new line of metric thread repair inserts was launched by E-Z Lok in January 2019 for the European market. The new product line comes in sizes M4, M5, M6, M8, and M10.
• Flexible Technologies, Inc. stated in February 2019 that it would be expanding its North American manufacturing facilities. The company anticipates that the expansion will enable it to fulfil the rising demand for its goods in the area.
• Focus Group Limited sold its Power Tools & Accessories Business to Hilti Corporation in June 2019. The company's product portfolio is likely to grow as a result of this acquisition.
Isolation Hangers Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2031 |
| Study Period | 2018-2031 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2031 | USD 1,848.1 million |
| Growth Rate | CAGR of 5.2% during 2021-2031 |
| Segment Covered | by Type, By Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | 3M, Flexible Technologies, Inc., Hilti Corporation, E-Z Lok, BISCO Enterprise, Kimura Hanger Manufacturing Co., Ltd., Unistrut Corporation, and TECHNICAL PRODUCTS, INC. |
Key Segment of Global Isolation Hangers Market
By Type Overview (USD Million)
• Spring
• Rubber
• Others
By Application Overview (USD Million)
• Suspended Ceiling System or Suspended Equipment
• Piping and Ductwork
By Region Overview (USD Million)
North America
• USA
• Canada
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of North America
Europe
• Germany
• France
• UK
• Rest of Europe
Middle East and Africa
Frequently Asked Questions (FAQ) :
Isolation Hangers Market is projected to reach USD 1,848.1 million by 2031.
The Isolation Hangers market is estimated to grow at a CAGR of 5.2% during 2021-2031
Key companies covered in the Isolation Hangers market are 3M, Flexible Technologies, Inc., Hilti Corporation, E-Z Lok, BISCO Enterprise, Kimura Hanger Manufacturing Co., Ltd., Unistrut Corporation, and TECHNICAL PRODUCTS, INC.